BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Bank of Greece
Greece is part of the Eurosystem and the European Central Bank

International Reserves

US$ 6.743 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 271.112 billion (2010 estimate)

GDP (Purchasing Power Parity)

283.952 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.2% 3.4% 5.9% 4.6% 2.2% 4.5% 4.5% -0.1%
2009 2010 2011 2012*        
-3.3% -3.5% -6.9% -4.7%        

*Estimate

GDP per capita - current prices

US$ 24,197 (2010 estimate)

GDP per capita - PPP

$25,343 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.72% 0.57% 0.49% 0.42% 0.32%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 3.6% 
  • industry: 18% 
  • services: 78.3% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

0.6% (2007)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
1.3%(2008) 4.7% 3.1% -0.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
9.4% 12.5% 17.3%(2009) 19.4%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
110.7% 127.1% 142.8% 160.8% 153.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-9.7% -15.6% -10.6% -9.2% -7.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: CCC

Moody's rating: C

Moody's outlook: -

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$54.72 billion US$72.64 billion US$33.65 billion
Largest companies in Greece

Coca-Cola HBC (Beverages), OPAP (Casinos & Gaming), Public Power (Electric Utilities), National Bank of Greece (Major Banks), Bank of Greece (Major Banks), Hellenic Petroleum (Oil & Gas Operations), EFG Eurobank Ergasias (Regional Banks), Alpha Bank (Regional Banks), Piraeus Bank (Regional Banks), ATEbank (Regional Banks), Hellenic Telecom (Telecommunications services) (2012)