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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...
Jim Brunsden of the Financial Times reported that Greeceâs âlack of price competitiveness is cited by EU officials as one of the main factors holding the Greek economy back.â On the Global Economic Forumâs international competitiveness ranking Greece actually fell from 81 in 2015-2026 to 86 in 2016-2017. Even Papadimoulis admitted that âthe Greek economy needs to be more competitive, more of the same wonât do it.â