According to the Reforms Observatory of KEPE, Greece has made progress in various areas of its economy, including exports and foreign direct investments. However, there is still a significant gap between Greece and the EU in these areas.
Exports of goods and services have increased significantly from 19% of GDP in 2009 to 44.9% of GDP in 2023 in Greece. While this is an improvement, it is still lower compared to the EU’s rate, which increased from 36.3% in 2009 to 52.7% in 2023. When looking at exports of goods alone, Greece lags even further behind. In 2009, exports of goods were at 8.5% of GDP and increased to 22.6% in 2023. In contrast, the EU saw an increase from 26.9% to 37.1% of GDP in the same period.
Gross fixed capital formation in Greece started at 20.8% of GDP in 2009, similar to the EU-27’s rate of 21.
