10 mind blowing facts about greece's economy
Post on 14-Aug-2015
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Greece has a history of financial troubles — the country's first default occurred way back in the fourth century B.C!
1 FACT 1
2 FACT 2
Greece has spent a combined 90 years — almost half of the time since its independence — in financial crisis!
90
FACT 33
Corruption costs Greece about 8% to 10% of GDP per year!
4 FACT 4
Self-employed Greeks are "paying over 100% of their reported income flows to debt servicing on consumer debts."
5 FACT 5
49.7% of Greece's young active population is unemployed!
6 FACT 6
63.5% of Greeks between ages 18 and 34 live at home with their parents!
7 FACT 7
Greece is almost five times as big as Massachusetts(America), but Massachusetts' GDP is twice that of Greece.
8 FACT 8
Greece's annual production of olive oil weighs as much as 1,575 blue whales!
9 FACT 9
An election in Greece caused the latest outbreak of drama!
10 FACT 10
The eurozone is a political project, not an economic one!
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