• GDP: US$ 324.6 billion (2007).
• Main exports: Food and beverages, manufactured goods, petroleum, chemicals and textiles.
• Main imports: Machinery, transport equipment, fuels and chemicals.
• Main trade partners: Germany, Italy, Bulgaria, UK and France.

Agricultural accession to the EU gave a new focus to the Greek economy, particularly in the industrial sectors of textiles, clothing and shoes, cement, mining and metals, chemicals, steel and processed agricultural products. Nonetheless, 12% of the working population still work the land - a very high proportion by EU standards.

Tourism is the country's most important service industry, and has boomed since the 1980s. With over 14 million tourists now visiting the country annually, tourism provides 15% of the GDP. Shipping is also an important source of income: Greece has one of the largest merchant fleets in the world. The country exports large quantities of wheat, barley, maize, tobacco and fruit to the rest of the EU and elsewhere. 

The Greeks have benefited substantially from transfers of funds within the EU and support for its large public-sector debt. Growth is around 4%, with inflation nearly 3%, and unemployment hovering around 8.3% in 2007. Greece's huge public-sector deficit prevented it from meeting the convergence criteria for the European single currency and the country entered the Euro zone in January 2001. The EU accounts for about 65% of Greek trade.

Formal suits are expected. French, German and English are often spoken as well as Greek.

Office hours: Mon-Fri 0900-1700.

Greece has many convention centres and hotels with conference facilities. It also has ships equipped for ‘floating conferences', sailing between the islands. For further enquiries, contact the Greek National Tourism Organisation (see Contact Addresses).

Athens Chamber of Commerce & Industry (ACCI)
7 Akademias Street, 106 71 Athens, Greece
Tel: 210 360 4815.
Website: www.acci.gr