The Greek Economy

The Greek economy is a market oriented economy with limited state intervention, bound by the trends of international organisations as the World Trade Organisation (WTO) and the European Union (EU). Greece is the 12th member of the European Monetary Union (euro-zone), since the January 1st 2001.

The Greek economy, from 1995 onwards, manifested an annual average rate 3.6 per cent (1995-2002), exceeding the average rate achieved by the EU. Greek GDP growth contributes to the fastest rate of convergence between Greece and other member states compared to the european average, while the country joined the European Union, since 1981.

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