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Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which... Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which...
Greece ranks lowest overall of the advanced economies in the latest Index, at 81st out of 140. Some advanced economies outside Europeâs top 10 are seeing the benefit of reforms: France, Ireland, Italy, Portugal and Spain, for example, have all progressed in the areas of market competition and labour market efficiency.