Analysis of Economic Trends in Greece and Euro Area

Slide Note

This detailed analysis covers various economic indicators for Greece and the Euro Area from 2000 to 2018, including GDP growth, unemployment rates, government spending, and workforce demographics. Data sourced from Eurostat and ELSTAT provides insights into Greece's economic performance within the Euro Area and its comparative position among other European countries.

brittain Follow

Uploaded on Sep 27, 2024 | 0 Views

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

E N D

Presentation Transcript

: , , , (IOBE) , vettas@iobe.gr & , 20 2019

, (% ) (% ) 30% 30% Greece Greece Euro Area Euro Area 25% 25% 21.0% 19.3% 20% 20% 15% 15% 11.1% 10% 10% 8.2% 5% 5% 0% 0% : Eurostat/ELSTAT 2 ,

34,1 . 2007 9,6 . 2017 2007 . 40 34.1 35 31.0 30.6 29.6 4.6 30 27.0 26.5 5.1 25.2 4.2 6.8 5.2 25 22.1 21.8 4.0 5.5 21.2 7.6 4.1 20.1 5.0 4.2 20 4.7 3.6 16.7 5.8 4.9 4.9 4.9 3.9 13.9 3.9 15 4.2 3.5 12.0 4.3 3.9 25.2 9.6 9.6 5.4 8.6 2.9 21.9 10 7.5 19.6 19.3 4.6 17.5 16.1 15.5 2.6 4.8 3.4 5.3 13.2 12.8 12.0 3.3 3.3 11.2 5 9.6 3.4 5.9 3.7 3.0 3.2 4.0 1.8 1.3 1.1 1.0 2017 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 95% 2017 1,0 ., 25,2 . 2007. 3 : Eurostat, , . * ( ) .

15-64 , 2017 , 2001-2017 Italy 74% Croatia Romania Belgium 68% Greece 72% Poland Luxembourg Malta Hungary 70% Bulgaria France 72% OECD average Slovakia 68% Ireland 74% EU28 average Cyprus Slovenia 66% Portugal Spain Czech Republic 64% Lithuania Euro Area Austria Finland Greece Latvia 62% Germany UK Estonia Denmark 60% Netherlands Sweden Switzerland 60% 65% 70% 75% 80% 85% : Eurostat/ELSTAT, 4 (60%) 25 (25%)

; , ; . ; , , . 5

, % % 70 5 60 0 50 -5 40 30 -10 20 -15 10 0 -20 ( ) ( ) . ( ) 7 : Eurostat.

% 24% 23% 22% 21% 20% 19% 18% 17% 16% 15% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 * , , , : National Accounts, Eurostat 8

( ) % 25 20 15 10 5 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 ( ) ( ) ( ) ( ) ( ) ( ) 9 : Government statistics, COFOG, Eurostat

( % ) ( (% ) 44 41.3 41.2 41.2 42 40.9 40.8 40.7 40.6 39.9 39.8 39.6 39.6 39.5 39.3 39.3 40 39.1 39.0 38.9 39.1 38 38.9 38.9 36 36.8 36.5 36.4 36.3 34 34.2 34.0 32 32.7 32.6 32.5 32.5 32.3 31.5 31.3 31.2 30 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 11 : Eurostat.

2011 % 20 17.4 17.3 18 16.3 15.8 16 14.5 14.0 13.6 14 12.7 12.7 12.7 12.4 12.0 11.8 12 11.5 10.9 10.9 10.9 % 10.7 10.7 10.7 10.7 10.7 10.6 10.4 10.3 10.2 10 10.9 10.6 10.3 10.1 9.8 9.7 9.3 9.2 8 8.8 8.4 8.4 8.4 8.4 6 4 2 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 12 : DG Taxation and Customs Union, Eurostat

% 100% 8 6.9 17%18% 19%20% 21%23%27% 26%33% 21%20% 19% 20% 90% 7 6.2 80% 5.9 5.9 5.8 5.7 6 19% 22%24%19% 70% 10% 36%30%27% 26%29%30%22% 4.7 5 4.5 4.5 11% 4.4 60% 4.4 4.3 4.0 % 50% 4 3.3 40% 3.5 3 2.5 2.5 2.5 2.5 2.3 2.1 2.1 64%56%60%58%56%61% 2.1 2.5 2.9 30% 1.9 1.9 47%52%54% 54%51%47%51% 2 20% 2.1 1.1 2.0 2.0 1.1 1.9 1.9 1.8 1.7 1.6 1.6 1.5 1 10% 0 0% 2005200620072008200920102011201220132014201520162017 2005200620072008200920102011201220132014201520162017 13 : DG Taxation and Customs Union, Eurostat

( % ) 2010, 28 % (2017) % 25.4 8.8 8.99.0 9.2 9.08.9 8.99.29.4 9.4 9.4 9.3 9.4 10 15.8 12.6 9 12.1 11.8 8 28 9.4 9.4 7 9.3 . 9.2 6.9 9.1 6 8.7 % 5.9 5.95.75.86.2 8.3 5 7.5 7.3 4.7 4 4.4 4.34.5 4.5 4.4 6.9 6.6 4.0 3 6.5 6.2 2 5.7 5.1 5.1 1 5.0 4.0 0 3.9 3.6 3.4 3.3 3.3 14 28 3.1 0 5 10 15 20 25 30 % : DG Taxation and Customs Union, Eurostat

28 % (2017) % 6.5 5.7 4 3.23.2 5.2 4.1 2.9 2.9 3.3 3.5 3 2.7 3.5 2.6 3.3 2.42.4 2.5 2.52.42.5 3.2 3 3.0 2.2 2.5 2.5 2.5 2.9 2.5 2.9 2.3 2 . 2.9 2.1 2.1 % 2.1 2.8 1.9 2.7 1.9 28 2.7 2 2.7 2.5 2.3 1 1.11.1 2.3 2.3 2.1 1 2.0 1.9 1.9 0 1.9 1.8 1.6 1.5 1.5 15 28 0 1 2 3 4 5 6 7 % : Eurostat

( ) (% ) (% ), 2019 56 53.1 54.0 51.9 54 49.1 51.751.9 52 49.0 50.7 50.7 47.0 49.6 49.5 50 48.9 40.7 40.0 48 % 46.7 46.7 46.7 39.8 45.9 46 39.8 30.0 44.144.0 44 27.7 22.2 42 20.5 40 0 10 20 30 40 50 60 (%) 16 12 ( . .) 25-30 . . ( , ) : World Bank Doing Business,

2017 0,6% , 10,8% 2007, ( ) 4,8% 2017 % % 12% 45% 40% 10% 35% 30% 8% 23.0% 25% 6% 20% 13.8% 15% 4% 3.0% 10% 1.8% 4.5% 2% 5% 0.6% 0% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 18 41,6% 2007 4,5% 2017 : Eurostat.

82% - 90 82 80 78 78 78 77 80 74 74 73 70 70 70 68 68 68 67 66 70 65 63 62 62 60 50 % 40 30 20 10 0 DE FR MT AT BE EE euro area CY SI HU NL PT LV ES FI PL LU IT IE SK GR 19 : ECB

, , 2017 (% ) , 2017 (% ) 4.7 3.3 . . 4.3 3.1 3.6 2.8 3.2 2.0 28 2.7 1.6 2.7 1.4 28 19 2.6 1.4 2.6 1.3 19 2.4 1.2 2.1 1.2 2.0 0.9 1.9 0.9 1.7 0.9 1.5 0.8 1.2 0.8 1.2 0.8 1.1 0.6 1.1 0.6 1.1 0.5 1.0 0.4 1.0 0.4 0.9 0.4 0.8 0.3 0.8 0.3 0.6 0.3 0.6 0.2 0.4 0.2 0.4 0.1 0.4 0.0 20 0.3 0.0 0.0 1.0 2.0 3.0 4.0 5.0 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 % % :

, . . ( , ) 21

H 2.0% 1.5% % (%) 1.0% 0.5% % 0.0% -0.5% 30% -1.0% 0 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 200 100 300 400 500 600 700 800 900 ( . ) ( ) 22 : IOBE

, , ( ) 1,600 40,000 1,389 1,375 1,353 33,032 1,310 32,668 32,106 1,400 35,000 30,974 1,139 1,200 30,000 26,511 . 1,000 25,000 800 20,000 600 15,000 400 10,000 200 5,000 0 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 23 , 33.000 2022 : IOBE

13% ( ) 72 54 ( 24%) 36 13% 18 24% 13% -11,0% (% ) 19,35% 11,50% -7,9% ( ) ( ) 100 100 0,0% 265 (% 48% 48% 0,0% 199 ) 132 (% 52% 52% 0,0% 66 ) (% 12,48% 12,48% 0,0% 0 50 100 150 200 250 300 ) . (2 * + ) 248 226 -8,9% (% ) 5,03% 5,52% 0,49% e=4 e=3 e=2 e=1 (% ) 14,3% 6,0% -8,3% 212,5 212,5 0,00% 3,650 2,737 2016 ( . ) 1.127,1 ( ) 1,825 35% 912 24 ( ) 0 1,000 2,000 3,000 4,000 e=4 e=3 e=2 e=1 : IOBE

. . . (flat tax) . . 20% 1.1.2020, ' 4472/2017 N N N : 0- 20 . 19% > 40 . 80% : 24,3% ( ): 14,3% ( ): 20% 680 A 50 0- 40 . 20% > 40 . 25% ( ) 690 A 50 ( , , ) ( ) 26

(flat-tax ) 20% 18.9% 20% 17.9% 18% 17.2% 18% 16% 15% 14.8% 16% 14% 12.2% 12.1% 12.1% 14% 11.9% 11.7% 12% 10.5% 10.3% 12% 10% 10% 8% 8% 6% 6% 4% 4% 2% 2% 0% 0% 20% 20% 18% 18% 16% 16% 14% 14% 12.8% 12.2% 12.2% 12.1% 11.7% 11.3% 12% 12% 10% 10% 8% 8% 6% 6% 27 3.1% 4% 4% 2% 2% 0.8% 0.8% 0.7% 0.4% 0.4% 0% 0% : EUROMOD, v.1.14.0.

(flat-tax ) 30% 30% 26.4% 25% 25% 22.5% 20.4% 18.8% 18.6% 20% 20% 17.2% 16.1% 15.8% 14.9% 14.2% 15% 15% 11.4% 10.2% 10% 10% 5% 5% 0% 0% 30% 30% 25% 25% 21.5% 19.2% 20% 20% 17.5% 15.2% 14.7% 15% 15% 10.9% 10% 10% 28 5% 4.2% 5% 0.7% 0.7% 0.5% 0.5% 0.5% 0% 0% : EUROMOD, v.1.14.0.

GINI 450 20.2% 0.370 400 397 389 400 382 382 377 0.359 20.0% 20.0% 0.360 350 19.8% 0.350 300 0.346 0.345 0.338 250 19.6% 0.340 19.5% 200 19.4% 19.4% 0.330 19.3% 0.326 19.3% 19.3% 150 0.320 19.2% 0.320 100 19.0% 0.310 50 18.8% 0 0.300 : EUROMOD, v.1.14.0. 29 ,

& , 2018 75% 70% 69% 65% 63% 60% 60% 56% 55% 55% 54% 50% 49% 45% 44% 40% 35% 33% : , , 30% ( . ) 25% 0-10 10-20 20-30 30-40 40-50 50-60 60-70 100-220 >220 40-80 . (brain drain) , 31

% , 2018 700% 390% 327% 250% 205% 205% 164% 156% 153% 117% 105% 101% 0% 50% 100% 150% 200% 250% 300% 350% 400% 450% 500% : , 3,9 32

4% 1% 95% 33 : , ,

capital controls (12- 100==2014) capital controls 700 120 617 600 100 , ( ) 500 80 400 369 60 300 43 40 200 20 100 0 0 : : , : IOBE 35 2016, 2017 2018,