bank discount rate:
NA
Commercial bank prime lending rate:
7.71% (31 December 2007)
Stock of money:
NA note: see entry for the European Union for money supply in the Euro Area; the European Central Bank (ECB) controls monetary policy for the 15 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money and quasi money circulating within their own borders
Stock of quasi money:
NA
Stock of domestic credit:
$392.4 billion (31 December 2007)
Agriculture - products:
wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, dairy products
Industries:
tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
Industrial production growth rate:
2.2% (2007 est.)
Electricity - production:
59.33 billion kWh (2007 est.)
Electricity - consumption:
55.98 billion kWh (2006 est.)
Electricity - exports:
269 million kWh (2007 est.)
Electricity - imports:
5.894 billion kWh (2007 est.)
Electricity - production by source:
fossil fuel: 94.5% hydro: 3.8% nuclear: 0% other: 1.7% (2001)
Oil - production:
4,265 bbl/day (2007 est.)
Oil - consumption:
441,400 bbl/day (2007 est.)
Oil - exports:
125,100 bbl/day (2005)
Oil - imports:
527,200 bbl/day (2005)
Oil - proved reserves:
10 million bbl (1 January 2008 est.)
Natural gas - production:
24 million cu m (2007 est.)
Natural gas - consumption:
4.069 billion cu m (2007 est.)
Natural gas - exports:
0 cu m (2007 est.)
Natural gas - imports:
4.1 billion cu m (2007 est.)
Natural gas - proved reserves:
1.982 billion cu m (1 January 2008 est.)
Current account balance:
-$44.4 billion (2007 est.)
Exports:
$23.91 billion f.o.b. (2007 est.)
Exports - commodities:
food and beverages, manufactured goods, petroleum products, chemicals, textiles
Exports - partners:
Germany 11.6%, Italy 10.8%, Cyprus 6.6%, Bulgaria 6.5%, UK 5.5%,
Romania 4.5%, France 4.2%, US 4.2% (2007)
Imports:
$80.79 billion f.o.b. (2007 est.)
Imports - commodities:
machinery, transport equipment, fuels, chemicals
Imports - partners:
Germany 12.9%, Italy 11.7%, Russia 5.6%, France 5.6%, China 5%,
Netherlands 5% (2007)
Economic aid - donor:
$424 million (2006)
Economic aid - recipient:
$8 billion annually from EU (2000–06); Greece will receive about $3.8 billion per year between 2007–13 under the EU's Community Support Funds IV
Reserves of foreign exchange and gold:
$3.658 billion (31 December 2007 est.)
Debt - external:
$86.72 billion (31 December 2007)
Stock of direct foreign investment - at home:
$52.84 billion (2007 est.)
Stock of direct foreign investment - abroad:
$30.8 billion (2007 est.)
Market value of publicly traded shares:
$145 billion (2005)
Currency (code):
euro (EUR)
Currency code:
EUR
Exchange rates:
euros (EUR) per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)
Communications
Greece
Telephones - main lines in use:
6.227 million (2007)
Telephones - mobile cellular:
11.997 million (2007)
Telephone system:
general assessment: adequate, modern networks reach all areas; good mobile telephone and international service domestic: microwave radio relay trunk system; extensive open-wire connections; submarine cable to offshore islands international: country code - 30; landing point for the SEA-ME-WE-3 optical telecommunications submarine
