Greek, PDF, 919kb
Education at a Glance 2014: Greece (Greek)
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Despite moderate signs of recovery across many OECD countries in 2014, the unemployment rate in Greece remains stuck at close to its highest level since the onset of the economic crisis (27.2% as of May 2014). OECD projections suggest that the expected joblessness rate in Greece will remain high (around 27%) through to the end of 2015.
Greece committed to implementing procurement reforms as part of its economic adjustment agreement with its international lenders. However, reforms were found to be challenging due to the country’s increasingly fragile political situation and critical state of public finances. The involvement of the OECD to make change happen was requested in 2013 by Greece and the European Commission’s Task Force for Greece.
Greece could save its businesses hundreds of millions of euros a year and improve their competitiveness by reducing administrative burdens, according to a new OECD report.
The average worker in Greece faced a tax burden on labour income (tax wedge) of 41.6% in 2013 compared with the OECD average of 35.9%. Greece was ranked 11 of the 34 OECD member countries in this respect.
Following scrutiny of legislation in four sectors of the Greek economy, food processing, retail trade, building materials and tourism, this report identifies areas where reform could be undertaken to address regulatory barriers to competition in Greece.
Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased.
Individual country notes assessing how regions and cities contribute to national growth and the well-being of society.
The Greek government and the OECD are working together to assess the costs and benefits of regulations restricting competition in the tourism, retail trade, food processing and construction materials sectors and to propose specific recommendations for change.
Structural reforms to boost economic growth and investment to create jobs, improve the stability of public finances and provide an effective social safety net are crucial to help Greece recover from the profound social costs of the economic crisis.