Macroeconomic Outlook Report: Greece

Macroeconomic Outlook Report: Greece

Summary

Financial intermediation, real estate, and business activities contributed 23.7% to Greece’s gross value added (GVA) in 2024, followed by wholesale, retail, and hotels activities (20.0%) and mining, manufacturing, and utilities (17.7%). In nominal terms, the three sectors are expected to grow by 4.2%, 4.4%, and 5.5% in 2025.

According to GlobalData’s cities database, Athens contributed 45.7% to Greece’s GDP and was home to 34.8% of the country’s total population in 2024.

As of November 2024, Greece’s EUR8 billion ($8.7 billion) Ellinikon “smart city” project aims to transform Athens’ coastline into a high-tech urban hub by 2036. The site, spanning 6.2km2, will feature villas, hotels, shopping centers, a marina, and the Riviera Tower, Athens’ tallest skyscraper, by 2026. The area, once Athens’ international airport but later abandoned, will now host 30,000 residents and include extensive green spaces.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.