Industry
Between 2005 and 2011, Greece has had the highest percentage increase in industrial output compared to 2005 levels out of all 27 European Union members, with an increase of 6%. Eurostat statistics show that the industrial sector was hit by the Greek financial crisis throughout 2009 and 2010, with domestic output decreasing by 5.8% and industrial production in general by 13.4%. Currently, Greece is ranked third in the European Union in the production of marble (over 920,000 tons) after Italy and Spain.
Between 1999 and 2008, the volume of retail trade in Greece increased by an average of 4.4% per annum (a total increase of 44%), while it decreased by 11.3% in 2009. The only sector that did not see negative growth in 2009 was administration and services, with a marginal growth of 2.0%.
In 2009, Greece's labor productivity was 98% that of the EU average, but its productivity-per-hour-worked was 74% that the Eurozone average. The largest industrial employer in the country (in 2007) was the manufacturing industry (407,000 people), followed by the construction industry (305,000) and mining (14,000).
| Rank | Production | Rank | Production | ||
|---|---|---|---|---|---|
| Industry | Value | Industry | Value | ||
| 1 | Portland cement | €897,378,450 | 6 | Cigarettes | €480,399,323 |
| 2 | Pharmaceuticals | €621,788,464 | 7 | Beer | €432,559,943 |
| 3 | Ready-mix concrete | €523,821,763 | 8 | Dairy | €418,527,007 |
| 4 | Beverages (non-alcoholic) | €519,888,468 | 9 | Aluminium slabs | €391,393,930 |
| 5 | Rebars | €499,789,102 | 10 | Coca-Cola products | €388,752,443 |
| – | Total production value: €20,310,940,279 | ||||
Read more about this topic: Economy Of Greece
Famous quotes containing the word industry:
“Your representative owes you, not his industry only, but his judgement; and he betrays instead of serving you if he sacrifices it to your opinion.”
—Edmund Burke (1729–1797)
“I have never yet spoken from a public platform about women in industry that someone has not said, “But things are far better than they used to be.” I confess to impatience with persons who are satisfied with a dangerously slow tempo of progress for half of society in an age which requires a much faster tempo than in the days that “used to be.” Let us use what might be instead of what has been as our yardstick!”
—Mary Barnett Gilson (1877–?)
“Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
—Dalton Trumbo (1905–1976)