The Reforms Observatory of the Center for Planning and Economic Research (KEPE) has published a bulletin highlighting progress in Greece’s outward-looking economy, particularly in exports and foreign direct investments. Despite this progress, it is noted that Greece still lags behind the corresponding performances in the European Union.
The bulletin reveals that Greece’s exports of goods and services have increased from 19% of GDP in 2009 to 44.9% of GDP in 2023, showing a positive trend. However, this growth rate is lower than the EU’s increase from 36.3% of GDP in 2009 to 52.7 % of GDP in 2023.
When specifically looking at exports of goods, Greece is lagging even further behind, with exports increasing from 8.5% of GDP in 2009 to 22.6% of GDP in 2023. In contrast, the EU has seen a higher percentage increase from 26.9% to 37.1% of GDP during the same period.
Gross fixed capital formation in Greece started at 20.8% of GDP in 2009, similar to the EU-27 at 21.2%. However, Greece experienced a rapid decline before starting to increase again recently, reaching
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