GREECE
The economy of Greece is the 46th largest in the world with a nominal gross domestic product (GDP) of $194.851 billion per annum.It is also the 54th largest in the world by purchasing power parity, at $288.245 billion per annum.As of 2015, Greece is the fifteenth-largest economy in the 28-member European Union.Greece is ranked 38th and 45th in the world at $17,988 and $26,391 for nominal GDP per capita and purchasing power parity per capita respectively.
World War II (1939-1945) devastated the country's economy, but the high levels of economic growth that followed from 1950 to 1980 have been called the Greek economic miracle.[43] From 2000 Greece saw high levels of GDP growth above the Eurozone average, peaking at 5.8% in 2003 and 5.7% in 2006.[44] The subsequent Great Recession and Greek government-debt crisis, a central focus of the wider European debt crisis, plunged the economy into a sharp downturn, with real GDP growth rates of −0.2% in 2008, −4.3% in 2009, −5.5% in 2010, −9.2% in 2011, −7.3% in 2012 and −3.2% in 2013.[45] In 2011, the country's public debt reached €356 billion (172% of nominal GDP).[46] After negotiating the biggest debt restructuring in history with the private sector, Greece reduced its sovereign debt burden to €280 billion (137% of GDP) in the first quarter of 2012.[47] Greece achieved a real GDP growth rate of 0.4% in 2014 after 6 years of economic decline,[45][48] but contracted by 0.3% in 2015 and by 0.05% in 2016.
ECONOMY
Greece has spent a combined 90 years — almost half of the time since its independence — in financial crisis.