Greece
By: Savannah Ragan & Tahera Shinwar
Form of Government
Parliamentary Republic
Approximate Population
- 11.03 Million
Largest Exports
- mineral fuel at 37%
Largest Import
- Oil at 23%
Currency
- Euro
The exchange rate of greece's currency in the U.S is 1.14 US dollars and in Canada it is 1.46 CAD.
Summary
Greece's economy is very different from others. It is the 45th largest in the world. They are the beneficiary of EU aid. It's GDP real growth rate last was .3% which is very low. But their inflation rate is very low.
Pros & Cons
Pros
- Low inflation rate
- Contains the top export destinations
Cons
- Most complex economy
- Negative trade balance
Trade Benefit
They've increased their exports at an annualized rate. Greece has the top export destination.