Summary
This PESTLE country analysis report on Greece provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.
Synopsis
- Understand the political system in Greece through analysis of key figures in the country and governance indicators.
- Understand the economic situation in Greece through a balanced assessment of core macroeconomic issues.
- Understand customer demographics in Greece through analysis of income distribution and the rural-urban split, as well as healthcare and education.
- Understand the technological landscape in Greece through analysis of relevant laws and policies, as well as patents data.
- Understand the legal landscape in Greece through analysis of the judicial system as well as performance of the legal indicators
- Understand the environmental landscape in Greece through analysis of the environmental regulations and the performance of the environmental indicators
Scope
- The political landscape section discusses the evolution of the political scenario in Greece, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Greece 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."
- The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.
Reasons to buy
- What is the outlook in Greece in terms of political stability, policies towards business, and the popularity of the government?
- How does Greece perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
- How does Greece perform in terms of healthcare, income distribution, and education?
- How does Greece perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?
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Table of Contents
1. OVERVIEW 2
1.1. Catalyst 2
1.2. Summary 2
1.2.1. Key findings 2
1.2.2. PESTLE highlights 4
1.2.3. Key fundamentals 5
2. TABLE OF CONTENTS 6
3. LIST OF FIGURES 11
4. LIST OF TABLES 13
5. KEY FACTS AND GEOGRAPHICAL LOCATION 14
5.1. Key facts 14
5.2. Geographical location 15
6. PESTLE ANALYSIS 16
6.1. Summary 16
6.2. Political analysis 17
6.2.1. Overview 17
6.2.2. Current strengths 17
6.2.3. Current challenges 17
6.2.4. Future prospects 18
6.2.5. Future risks 18
6.3. Economic analysis 20
6.3.1. Overview 20
6.3.2. Current strengths 20
6.3.3. Current challenges 23
6.3.4. Future prospects 24
6.3.5. Future risks 25
6.4. Social analysis 27
6.4.1. Overview 27
6.4.2. Current strengths 27
6.4.3. Current challenges 27
6.4.4. Future prospects 30
6.4.5. Future risks 30
6.5. Technological analysis 33
6.5.1. Overview 33
6.5.2. Current strengths 33
6.5.3. Current challenges 35
6.5.4. Future prospects 35
6.5.5. Future risks 36
6.6. Legal analysis 37
6.6.1. Overview 37
6.6.2. Current strengths 37
6.6.3. Current challenges 37
6.6.4. Future prospects 39
6.6.5. Future risks 39
6.7. Environmental analysis 41
6.7.1. Overview 41
6.7.2. Current strengths 41
6.7.3. Current challenges 43
6.7.4. Future prospects 43
6.7.5. Future risks 44
7. POLITICAL LANDSCAPE 45
7.1. Summary 45
7.2. Evolution 45
7.2.1. Pre-1975 45
7.2.2. 1975-2000 46
7.2.3. 2001 onwards 46
7.3. Structure and policies 48
7.3.1. Key political figures 48
7.3.2. Structure of government 48
7.3.3. Structure of legislature 48
7.3.4. Key policies 50
7.4. Performance 52
7.4.1. Governance indicators 52
7.5. Outlook 52
8. ECONOMIC LANDSCAPE 53
8.1. Summary 53
8.2. Evolution 53
8.2.1. 1950-90 53
8.2.2. 1991 onwards 53
8.3. Structure and policies 55
8.3.1. Financial system 55
8.3.2. Greek stock markets 56
8.4. Performance 56
8.4.1. GDP and growth rate 56
8.4.2. Fiscal situation 61
8.4.3. International investment position 62
8.4.4. Monetary situation 63
8.4.5. Employment 64
8.5. Outlook 64
9. SOCIAL LANDSCAPE 65
9.1. Summary 65
9.2. Evolution 65
9.3. Structure and policies 65
9.3.1. Demographic composition 65
9.3.2. Education 66
9.3.3. Healthcare 67
9.4. Performance 67
9.4.1. Healthcare 67
9.5. Outlook 69
10. TECHNOLOGICAL LANDSCAPE 70
10.1. Summary 70
10.2. Evolution 70
10.3. Structure and policies 70
10.3.1. Intellectual property 70
10.4. Performance 71
10.4.1. Telecom and Internet 71
10.4.2. Outlook 71
11. LEGAL LANDSCAPE 73
11.1. Summary 73
11.2. Evolution 73
11.3. Structure and policies 73
11.3.1. Judicial system 73
11.3.2. Tax regulations 74
11.4. Performance 74
11.5. Outlook 75
12. ENVIRONMENTAL LANDSCAPE 76
12.1. Summary 76
12.2. Evolution 76
12.3. Structure and policies 76
12.3.1. Environmental regulations 76
12.4. Performance 77
12.4.1. Environmental impact 77
12.5. Outlook 78
13. APPENDIX 79
13.1. Ask the analyst 79
13.2. About MarketLine 79
13.3. Disclaimer 79
List of Tables
Table 1: Greece - Key Fundamentals, 2016-2023f 5
Table 2: Greece - key facts, 2019 14
Table 3: Analysis of Greece’s political landscape 17
Table 4: Analysis of Greece’s economy 20
Table 5: Analysis of Greece’s social system 27
Table 6: Analysis of Greece’s technology landscape 33
Table 7: Patents granted by the US Patent and Trademark Office, 2013-18 36
Table 8: Analysis of Greece’s legal landscape 37
Table 9: Analysis of Greece’s environmental landscape 41
Table 10: Mid-year population by age (percentage of total population), 2018 66
List of Figures
Figure 1: Map of Greece 15
Figure 2: General government debt (% of GDP) - 2018 19
Figure 3: Travel and Tourism (% of GDP), 2018 21
Figure 4: International tourism, receipts, 2010-2017 22
Figure 5: Evolution of the turnover index in accommodation and food service activities sector, 2013-2018 23
Figure 6: Youth unemployment rate, 2018 24
Figure 7: Inward FDI Inflows, 2010-2018 25
Figure 9: Non-performing loans to total gross loans, 2008-2017 26
Figure 10: Gross Pension Expenditure - 2017 or Latest Available Data 28
Figure 11: Increasing age dependency ratio in Greece, 2000-2018 29
Figure 12: Educational Attainment of 25-34 Year-Olds (Master’s or Equivalent), 2017 30
Figure 13: People at risk of poverty or social exclusion - 2018 31
Figure 14: Poverty rate - 2004-2016 31
Figure 15: Research and Development Expenditure (% of GDP), 2001-17 34
Figure 16: High-technology exports, 2007-18 35
Figure 17: Tax Wedge Amongst OECD Nations - 2018 38
Figure 18: Time to resolve insolvency (years) - 2019 39
Figure 19: Product Market Competitiveness, 2018 40
Figure 20: Environmental Tax (% of GDP), 2008-2017 42
Figure 20: Threatened Mammals (% of Known Species), Latest available year 43
Figure 21: Greenhouse Gas Emissions (Tonnes per Capita), 2001-2017 44
Figure 22: Greece - key political events 47
Figure 23: Greece - key political figures 48
Figure 24: Composition of the Greek parliament after July 2019 elections 50
Figure 25: Greece - historical GDP growth, 2007-18 55
Figure 26: GDP and GDP growth rate in Greece, 2013-23f 57
Figure 27: GDP composition by sector, 2018e 58
Figure 28: Agricultural output of Greece, 2013-18e 59
Figure 29: Industrial output of Greece, 2013-18e 60
Figure 30: Services output of Greece, 2013-18e 61
Figure 31: External trade of Greece, 2014-18 62
Figure 32: Consumer price index and consumer price index-based inflation in Greece, 2013-23f 63
Figure 33: Unemployment and unemployment rate in Greece, 2013-23f 64
Figure 34: Expenditure on healthcare in Greece, 2008-17 68
Figure 35: Public expenditure on education in Greece, 2007-16 69
Figure 36: Internet users and penetration rate in Greece, 2013-18e 71
Figure 37: Greece - judicial structure 74
Figure 38: Carbon dioxide emissions in Greece, 2010-17 77
