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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.
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.
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This note presents key findings for Greece from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.
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.
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.
Restoring growth, making it sustainable and dealing with social costs are essential to the success of the adjustment programme in Greece. To this end, accelerating and broadening the structural reform programme is key.
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Financial sustainability has been the main concern behind the pension reforms enacted in Greece in the last three years. Retirement-income adequacy may be an important concern for future retirees but working longer may help to make income more adequate...
Education at a Glance 2013 - Country notes and key fact tables