International Security Bulletin

Greece

Hellenic Republic

Capital: Athens

The Greece Bulletin

Weekly Brief: September 28, 2015

Top Story Russia is escalating its military presence in Syria. American officials report (though Russia denies) that Russia has at least 28 warplanes deployed at an airbase near Latakia, on the Syrian coast. Russia also began flying surveillance missions in Syria with drones, a week after sending artillery and tanks to an airbase controlled by the Syrian government at […]

History

Greece achieved independence from the Ottoman Empire in 1830. During the second half of the 19th century and the first half of the 20th century, it gradually added neighboring islands and territories, most with Greek-speaking populations. In World War II, Greece was first invaded by Italy (1940) and subsequently occupied by Germany (1941-44); fighting endured in a protracted civil war between supporters of the king and other anti-Communist and Communist rebels. Following the latter's defeat in 1949, Greece joined NATO in 1952. In 1967, a group of military officers seized power, establishing a military dictatorship that suspended many political liberties and forced the king to flee the country. In 1974, democratic elections and a referendum created a parliamentary republic and abolished the monarchy. In 1981, Greece joined the EC (now the EU); it became the 12th member of the European Economic and Monetary Union in 2001. In 2010, the prospect of a Greek default on its euro-denominated debt created severe strains within the EMU and raised the question of whether a member country might voluntarily leave the common currency or be removed.

Geography

Metric Units

Total Area 131,957 sq km
Land Boundaries 1,228 km
Border Countries Albania 282 km, Bulgaria 494 km, Turkey 206 km, Macedonia 246 km
Coastline 13,676 km
Terrain mostly mountains with ranges extending into the sea as peninsulas or chains of islands
Minimum Elevation 0 m
Maximum Elevation 2,917 m
Climate temperate; mild, wet winters; hot, dry summers
Natural Resources lignite, petroleum, iron ore, bauxite, lead, zinc, nickel, magnesite, marble, salt, hydropower potential
Arable Land 18.95%
Permanent Crops 8.73%

Economy

Gross Domestic Product $280.8 billion
GDP (per capita) $25,100
GDP Growth -6%
Unemployment Rate 24.4%
Population in Poverty 20%
GINI Index 33

Budget & Debt

Expenditures $128 billion
Revenue $108.7 billion
Current Account Balance $-16.68 billion
External Debt $583.3 billion

Trade

Exports $26.67 billion
Export Items food and beverages, manufactured goods, petroleum products, chemicals, textiles
Export Partners Italy 9.5%, Turkey 7.9%, Germany 7.9%, Cyprus 6.1%, Bulgaria 5.5%, US 5.2% (2011)
Imports $57.92 billion
Import Items machinery, transport equipment, fuels, chemicals
Import Partners Germany 10.6%, Russia 9.4%, Italy 9.2%, China 5.7%, Netherlands 5.5%, France 5%, Iran 4.5% (2011)

People

Population 10,772,967
Population Growth 0.04%
Ethnic Groups population: Greek 93%, other (foreign citizens) 7% (2001 census)
Religion Greek Orthodox (official) 98%, Muslim 1.3%, other 0.7%
Life Expectancy 80.18 years
Infant Mortality 0.96 deaths/1,000 live births
Maternal Mortality 0.6 deaths/100,000 live births

Energy

Electricity Production 57.11 billion kWh
Electricity Consumption 58.71 billion kWh
From Fossil Fuels 70.5%
From Nuclear 0%
From Hydroelectric 17%
From Renewable Sources 8.5%