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10 Mind-Blowing Facts About Greece's Economy

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1 FACT 1 Greece has a history of financial troubles — the country's first default occurred way back in the fourth century B.C!


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2 FACT 2 90 Greece has spent a combined 90 years — almost half of the time since its independence — in financial crisis!


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3 FACT 3 Corruption costs Greece about 8% to 10% of GDP per year!


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4 FACT 4 Self-employed Greeks are "paying over 100% of their reported income flows to debt servicing on consumer debts."


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5 FACT 5 49.7% of Greece's young active population is unemployed!


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6 FACT 6 63.5% of Greeks between ages 18 and 34 live at home with their parents!


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7 FACT 7 Greece is almost five times as big as Massachusetts(America), but Massachusetts' GDP is twice that of Greece.


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8 FACT 8 Greece's annual production of olive oil weighs as much as 1,575 blue whales!


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9 FACT 9 An election in Greece caused the latest outbreak of drama!


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10 FACT 10 The eurozone is a political project, not an economic one!


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