Greece Economy

The economy of Greece is the 27th largest in the world by nominal gross domestic product (GDP) and the 34th largest at purchasing power parity (PPP), according to data by the World Bank for the year 2009. Per capita, it is ranked 24th by nominal GDP and 23 at PPP according to the 2009 data. A developed country with the 22 highest human development and quality of life indices in the world, Greece is a member of the European Union, the eurozone, the OECD, the World Trade Organization and the Black Sea Economic Cooperation Organization. The public sector accounts for about 40 percent of GDP. The service sector contributes 78.5 percent of total GDP, industry 17.6 percent, and agriculture 4 percent. Greece is the 31 most globalized country in the world and is classified as a high-income economy.