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My Economics Study Project: Greece

My Economics Study Project: Greece. By: Jordan M. Holloman. Economy. Greece’s economy mainly revolves around the service sector (85.0%) and industry (12.0%), while agriculture makes up 3.0% of the national economic output.

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My Economics Study Project: Greece

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  1. My Economics Study Project: Greece By: Jordan M. Holloman

  2. Economy • Greece’s economy mainly revolves around the service sector (85.0%) and industry (12.0%), while agriculture makes up 3.0% of the national economic output. • Among the important Greek industries, there is tourism and merchant shipping. • Greece’s current currency is the euro. • Greece is in 10th place among the world’s economic rankings.

  3. Background • Greece has been a member of NATO ever since 1952, joined the European Union during 1981, and switched out the drachma for the euro in 2002. • Greece formed a caretaker government a couple of years ago in November. • Greece’s economy is heavily dependent on services and tourism. • An enormous Greek sovereign debt crisis had threatened the overall stability of the eurozone.

  4. Natural Resources and Products • Greece is relatively low in it’s natural resources. • Bauxite, from which aluminum is produced, is the most significant mineral resource available. • There is also asbestos, nickel, magnesite, and marble. • The country produces very little black coal and its brown coal is poor in quality. • chromium, copper, uranium, and magnesium, are relatively small in quantity when it is compared to other countries’ amounts.

  5. Goods • Aluminium • Electronic equipment • Pharmaceutical products • Plastic • Vegetables • Fruits • Iron products • Steel products • Petroleum oils

  6. Services • Tourism • Trade • Financial Services

  7. Largest Banks • National Bank of Greece • Eurobank

  8. Bibliography • www.wikipedia.com 9/7/13 • www.heritage.com9/7/13 • www.countriesquest.com9/7/13 • www.research.stlouisfed.org9/7/13 • www.cnbc.com9/7/13

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