What are the weaknesses of Greece?

WEAKNESSES

• Very high public debt.
• Very poor quality bank portfolio; high level of non-performing loans.
• Cumbersome bureaucracy and judicial system.
• Poorly diversified industry, overwhelming tourism dependence.
• Increasing security concerns vis-à-vis Turkey.

Does Greece export anything?

Greece main exports are petroleum products (29 percent of the total exports), aluminium (5 percent), medicament (4 percent), fruits and nuts, fresh or dried (3 percent), vegetables, prepared or preserved (2 percent) and fish, fresh or frozen (2 percent).

Is Greece a big exporter?

Exports of $38.7 billion make Greece the 59th largest exporter globally. Between 2013 and 2018, exports grew by $4.4 billion.

What are the weaknesses of Athens?

Athens’ strengths included its large size, large trireme navy, wealth, and democratic government. Athens’ weaknesses included its unwritten laws, lack of unity at the beginning, insatiable hunger for new territories, and constant power struggles with other poleis.

What does Greece mainly export?

Exports The top exports of Greece are Refined Petroleum ($10.1B), Packaged Medicaments ($2.28B), Aluminium Plating ($690M), Computers ($594M), and Raw Cotton ($589M), exporting mostly to Italy ($3.67B), Germany ($2.46B), Turkey ($2.02B), Cyprus ($1.96B), and Bulgaria ($1.68B).

What does Greece get imported?

Greece main imports are crude oil (15 percent of total imports), ships, boats and floating structures (6 percent), petroleum products (6 percent), medicament (5 percent), motor vehicles (2 percent) and natural gas (2 percent).

What is the economy like in Greece?

A GDP of $218 billion makes Greece the 50th largest economy in the world. However, with imports exceeding exports, the country runs a negative trade balance of -$24.8 billion. Annual imports are $63.5 billion while exports are $38.7 billion. According to the Economic Complexity Index (ECI), Greece is ranked number 52.

What are the exports and imports of Greece?

Greece Exports And Import. Greece, the 63rd largest economy in the world, exported $33.2 Billion, and imported $60.8 Billion, worth of goods in 2014, resulting in a significant negative trade balance.

What is the current balance of trade of Greece?

Greece Balance of Trade Greece’s trade deficit shrank to EUR 1.729 billion in August 2019 from EUR 1.758 billion in the same month of the previous year. Imports declined 5.0 percent to EUR 4.109 billion, as purchases from the EU fell (-12.1 percent) while those from countries outside the EU rose (2.1 percent).

How much did Greece trade with the EU in 2019?

Greece Balance of Trade Greece’s trade gap narrowed to EUR 1.527 billion in June 2019 from EUR 1.981 billion in the same month of the previous year. Imports tumbled 14.5 percent to EUR 4.289 billion, due to lower purchases from the EU (-11.0 percent) and countries outside the EU (-18.4 percent).