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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...
Unemployment in Greece Before the first oil crisis, the Greek economy was one of the fastest growing economies of the world while the reported unemployment rates were particularly low. After 1974, the rate of growth showed down and at the same time unemployment elevated very fast.