The Greek Economy

Agriculture The Greek economy depends a lot on agriculture. One quarter of the Greek workforce is engaged in farming, and agriculture constitutes about 15% of the domestic production. Not much attention has been drawn on the agricultural sector of the economy. The farms are pretty small, the division of inheriting land has reduced the average size to 3,4 hectares (8 acres) and it is really difficult to use mechanised equipment efficiently. Yields are also low due to the …

…Netherlands, the United States and Japan. The countries of the European Union account for more that 60% of Greece's yearly total trade. Tourism Greek economy depends a lot on tourism. Due to the many archaeological places and buildings, the sun, the blue sky, the sea and the Mediterranean climate, many people visit each year Greece. In the late 80's 8.1 million tourists visited Greece. The receipts from tourism were totalled 300 billion drachmas. Bibliography: 'Encarta' Encyclopaedia, 'Greece', Microsoft, 1996