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)

 
 
Source
Current account balance

US$ -20 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

-7.4% of GDP (2010 estimate)(2009)

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

21.5% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.17%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.92% (2011)(2007)

(Data were released in 2012)

Total exports

US$26.67 billion (2012 estimate) 

Export commodities

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

Total imports

US$57.92 billion (2012 estimate) 

 
 
Source
Import commodities

machinery, transport equipment, fuels, chemicals

Exports - major partners

Italy 9.6%, Germany 8%, UK 6.5%, Italy 6.2%, Bulgaria 5.6%, US 5.1%, China 5.1%, Switzerland 4.7%, Belgium 4.7%, Poland 4.4% (2011)

Imports - major partners

Germany 10.7%, Italy 9.3%, China 7.1%, China 5.7%, Netherlands 5.5%, France 5.1%, Austria 4.5%, Russia 4.2%, Czech Republic 4.1% (2011)

FDI inflows
2009 2010 2011
US$2,436 million US$373 million(2009) US$1,823 million(2009)
FDI outflows
2009 2010 2011  
US$2,055 million US$979 million US$1,788 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$2,697 million US$386 million(2009) US$520 million(2009) US$79 million
Cross-border M&A; deals worth over $3 billion completed in 2010(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 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 78 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 146 out of 185 countries(2009)

Enforcing Contracts: 87 out of 185 countries

Registering Property: 150 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 117 out of 185 countries

Trading across border: 62 out of 185 countries

Paying Taxes: 56 out of 185 countries

Dealing with Construction Permits: 31 out of 185 countries

Getting Electricity: 59 out of 185 countries

Resolving Insolvency: 50 out of 185 countries

(2013)

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

96

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 119 Score: 55.4 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

131,957 km2 (2006)

Capital

Athens (2009)

Currency

euros (EUR) (2009)

Government type

parliamentary republic (2009)

Languages

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

Religions

Greek Orthodox 98%, Muslim 1.3%, other 0.7%

Total population
1980 1990 2000 2012* 2017**
9.64 million 10.16 million 10.94 million 11.2 million 11.24 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
42.9% 57.7% 59.7% 61.5%
Population median age

41 years (2010)

Population growth rate

-0.1% (2011)

Life expectancy

80 years (2010)

Adult literacy

97% (2005/2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

34.27 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2011)

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

Source
Total telephone subscribers as % of population

156.39% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

53% (Data were released in 2012 and refer to 2011)

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: 53rd (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

8.38 (Data were released in 2012 and refer to 2009)

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