Friday, June 15, 2012

Greece by the numbers: What you might not know

Greek voters will head to the polls on Sunday for the second time in just over a month. See: Polarized Greece girds for coalition or euro exit and Crisis-hit Greece counts down to vote
Our coverage has mostly focused on the nation’s economic and political plight. See: Euro crisis in depth.
But there is, of course, more to Greece than the bailout debate.
The Tell has collected some factoids that place the country in a broader context.
The number of times Greece has won the UEFA Euro soccer championship: 1
Greece’s total population as of Jan. 1, 2011: 11,309,885
Tourism makes up almost 16% of Greece’s GDP. The country attracts 16.5 million tourists every year.
The estimated number of American residents in the United States that claim Greek descent: 3 million
The amount of the total market cap of listed Greek companies has fallen from $264.9 billion to $33.6 billion from 2007 to 2011, respectively
Companies that have confirmed they will pull operations from Greece: 2 (Credit Agricole and Carrefour)
The amount that Carrefour’s local Greek partner paid for the retailer’s stores: 1 euro (source: FT)
Greece is the third-largest producer of olives in the world. The amount of land Greece devotes to olive growing: 60%
The Greek unemployment rate as of March 2012: 21.9% (second highest in Europe after Spain)
The number of hours a year that Greece enjoys sunshine: approximately 3,000
Greece has the seventh-largest population of U.S. Social Security beneficiaries in the world
Greece’s real gross domestic product growth in 2012: -4.7%
The number of words in the English dictionary that are derived from Greek words: 13%
No point in Greece is farther than 85 miles away from water. Greece’s shipping industry controls about 16% of the world’s shipping so-called deadweight tonnage, a measure of cargo a ship can carry. The Greek shipping fleet is one of the largest in the world and the largest in Europe
Greece’s benchmark stock index has lost 90% of the 10-year high it reached in 2007 ...

Asad Khan
Financial Analyst  (CFB)