IS IT ALL GLOOM AND DOOM?

WHAT KEEPS GREECE AFLOAT?

In the land that gave birth to Democracy inhabitants spend endless hours contemplating who is really responsible for the plight of their country.
The country, some will tell you, has come to a stand still, production is at a minimum and moral is at an all time low.
And yet there is something happening, some wheels ARE turning and despite everything, Greece is the number 49 economy in the world according to GDP (PPP) per capita.

So what keeps Greece afloat?

well, a sector of the Greek economy is indeed going full ahead with production and export of goods which are in demand worldwide and here are a few.

PRODUCT                        WORLD  SHARE %      WORLD POSITION        % INCREASE

1. Canned Peaches:                              20                                 1                                     2
2. Farmed Fish                                     17                                 1                                    32
3. Olives                                               26                                 2                                  110
4. Olive Oil                                            8                                  3                                    84
5. Marble                                               7.5                               5                                   185
6. Yogurt                                               7                                  4                                   204

VALUES ARE FOR THE PERIOD 2009 TO 2017

These products represent 30% of all Greek Exports and are categorised in two groups:

• The first 4 along with cotton (15%), fur (34%), feta (101%), cement (15%), Tabaco (11%) and aluminium (121% of increase), are the basic exports and constitute 27% of all Greek exports and
• the rising stars  Yogurt, Monkey nuts (187%), smoked fish (192%), meat (243%), electricity meters (190%), elevators (130%) and ice cream (131% of increase).

The BIG question, of course, is whether Greece can sustain the levels of production, quality and supply in order to satisfy emerging markets. Sustainability of all these factors has been a problem of Greek producers since time immemorial so...

 the future will show.