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GREECE

GREECE HAS AN EXPORT-ORIENTATED ECONOMY, WITH TRADE REPRESENTING 72.5% OF THE GDP

Greece has an export-oriented economy, with trade representing 72.5% of the GDP. Petroleum products account for both imported and exported items as the country imports crude oil and exports refined products. Medicine, fish and olive oil are also some of the most exported items.

Since the economic recession, Greek consumers have radically changed their spending habits and have become extremely price-conscious. An increasing number of Greeks opt for online shopping, as online retail offers them the possibility to compare a wide range of products at a lower cost.

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