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The Greek Economy - Online Term Paper

The Greek Economy


Agriculture
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 dryness and erosion of the soil. Let's take a look at the yearly output of
some major crops: tobacco 142000, wheat 2.6 million, tomatoes 1.9 million,
oranges 780000, corn 2.1 million, sugar beet 1.9 million, grapes 1.6 million,
olives 1.5 ...

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of the widespread consumption of fish products within Greece. However in
recent years thousands of tons of fish are exported each year, due to the ever
increasing development of fish farms in the country. In the late 80's the annual
catch totalled 135000 tons, from which 80% was consumed within Greece. Sponges
are the main marine product exported.

Mining

Mining is of little importance to the Greek economy. We should mention though
the annual output of minerals in tons: bauxite 2.3 million, iron ore 1.3 million
and magnesite 884400. Also, about 279200 cu m of marble were quarried. Petroleum,
salt, chromium, silver, zinc were also produced.

Manufacturing

Approximately one fifth of the Greek workforce is engaged in manufacturing,
which contributes 18% of the annual gross production. The manufactured

products include: food, beverages, tobacco, textiles, clothing, chemicals,
cement and wine. Athens is the manufacturing center of Greece.

Currency and Banking

The national ...

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"The Greek Economy." Essayworld.com. January 24, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/The-Greek-Economy/21123.
"The Greek Economy." Essayworld.com. January 24, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/The-Greek-Economy/21123.
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PAPER DETAILS
Added: 1/24/2005 06:08:36 PM
Category: Economics
Type: Free Paper
Words: 523
Pages: 2

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