Greece Economy
Greece operates a mixed economy that produced a GDP of $305.595 billion in 2006. Its principal economic activities include tourism and shipping industries, banking and finance, manufacturing and construction and telecommunications. The country serves as the regional business hub for many of the world’s largest multinational companies.
The people of Greece enjoy a high standard of living. Greece ranks 24th in the 2006 HDI, 22nd on The Economist’s 2005 world-wide quality-of-life index, and, according to the International Monetary Fund it has an estimated average per capita income of $35,166 for the year 2007, comparable to that of Germany, France or Italy and approximately equal to the EU average.
Greece’s present prosperity is largely owed to the post-World War II "Greek economic miracle" (when GDP growth averaged 7% between 1950 and 1973), the implementation of a number of structural and fiscal reforms, combined with considerable European Union funding over the last twenty-five years and increasing private consumption and investments. The latter facts have contributed to a consistent annual growth of the Greek GDP that was surpassing the respective one of most of its other EU partners.
The island of Mykonos is one of the top European tourism destinations.
