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$ 7.552 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 249 billion (2014 estimate)

GDP (Purchasing Power Parity)

271 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
5.9% 4.6% 2.3% 5.5% 3.5% -0.2% -3.1% -4.9%
2011 2012 2013 2014*        
-7.1% -7.0% -3.9% 0.6%        

*Estimate

GDP per capita - current prices

US$ 22,594 (2014 estimate)

GDP per capita - PPP

$24,574 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.72% 0.56% 0.48% 0.40% 0.30%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.5% 
  • industry: 16% 
  • services: 80.5% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

NA

 

Inflation
2011 2012 2013 2014*
3.3% 1.5% -0.9% -0.4%

*Estimate

Unemployment rate
2011 2012 2013 2014*
17.7% 24.2% 27.3% 26.3%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
148.3% 170.3% 157.2% 173.8% 174.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-10.8% -9.6% -6.3% -2.6% -2.7%

*Estimate 

Government bond ratings

Standard & Poor's: B

Moody's rating: Caa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Source
Market value of publicly traded shares
2010 2011 2012*
US$NA US$33.65 billion US$44.58 billion

*2012 Estimate 

Largest companies in Greece

Piraeus Bank, Alpha Bank, National Bank of Greece, Bank of Greece, Hellenic Telecom, Public Power, Hellenic Petroleum, Motor Oil

 
 
Source
Current account balance

US$ 2.235 billion (2014 estimate)

Current account balance by percentage of GDP

0.896% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

29.1% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.19% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.8% (2012)

(Data were released in 2014)

Total exports

US$30.390 billion (2013 estimate) 

Export commodities

food and beverages, manufactured goods, petroleum products, chemicals, textiles

Total imports

US$50.580 billion (2013 estimate) 

 
 
Source
Import commodities

machinery, transport equipment, fuels, chemicals

Exports - major partners

Turkey 11.6%, Italy 9.9%, Germany 6.5%, Bulgaria 4.9% (2013 est.)

Imports - major partners

Russia 13.8%, Germany 9.5%, Italy 7.9%, Iraq 7.8%, Netherlands 4.7%, France 4.5%, China 4.5% (2013 est.)

FDI inflows
2011 2012 2013
US$ 1,143 million US$ 1,740 million US$ 2,567 million
FDI outflows
2011 2012 2013  
US$ 1,772 million US$ 677 million US$ -627 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 553 million US$ -148 million US$ -1,561 million US$ -1,015 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 72 out of 189 countries (2013)

Subcategories:

Starting a business: 36 out of 189 countries

Enforcing Contracts: 98 out of 189 countries

Registering Property: 161 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 80 out of 189 countries

Trading across border: 52 out of 189 countries

Paying Taxes: 53 out of 189 countries

Dealing with Construction Permits: 66 out of 189 countries

Getting Electricity: 61 out of 189 countries

Resolving Insolvency: 87 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

81

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 119 Score: 55.7 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+2

Total area

131,957 sq km (2014)

Capital

Athens (2014)

Currency

euros (EUR) (2014)

Source
Government type

parliamentary republic (2014)

Languages

Greek 99% (official), other 1% (includes English and French)

Religions

Greek Orthodox (official) 98%, Muslim 1.3%, other 0.7%

Total population
1990 2000 2010 2014* 2019**
10.16 million 10.904 million 11.184 million 11.04 million 10.988 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
42.9% 69% 73% 77%
Population median age

43.5 years (2014 est.)

Population growth rate

0.01% (2014 estimate)

Life expectancy

80.3 years (2014 estimate)

Adult literacy

97.3% (2011 estimate)

% of population living on less than $2 a day

1.7% (2010)

Inequality of wealth distribution (Gini index)

34.7 (2010)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 47.9%   Mobile 116.8%
(2013)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

59.87% (2013)
 

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Athens 78th (2014)

CO2 emissions(Metric tons of CO2 per capita)

7.8 (2010)
 

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