Industry
Between 2005 and 2011, Greece has had the highest percentage increase in industrial output compared to 2005 levels out of all 27 European Union members, with an increase of 6%. Eurostat statistics show that the industrial sector was hit by the Greek financial crisis throughout 2009 and 2010, with domestic output decreasing by 5.8% and industrial production in general by 13.4%. Currently, Greece is ranked third in the European Union in the production of marble (over 920,000 tons) after Italy and Spain.
Between 1999 and 2008, the volume of retail trade in Greece increased by an average of 4.4% per annum (a total increase of 44%), while it decreased by 11.3% in 2009. The only sector that did not see negative growth in 2009 was administration and services, with a marginal growth of 2.0%.
In 2009, Greece's labor productivity was 98% that of the EU average, but its productivity-per-hour-worked was 74% that the Eurozone average. The largest industrial employer in the country (in 2007) was the manufacturing industry (407,000 people), followed by the construction industry (305,000) and mining (14,000).
| Rank | Production | Rank | Production | ||
|---|---|---|---|---|---|
| Industry | Value | Industry | Value | ||
| 1 | Portland cement | €897,378,450 | 6 | Cigarettes | €480,399,323 |
| 2 | Pharmaceuticals | €621,788,464 | 7 | Beer | €432,559,943 |
| 3 | Ready-mix concrete | €523,821,763 | 8 | Dairy | €418,527,007 |
| 4 | Beverages (non-alcoholic) | €519,888,468 | 9 | Aluminium slabs | €391,393,930 |
| 5 | Rebars | €499,789,102 | 10 | Coca-Cola products | €388,752,443 |
| – | Total production value: €20,310,940,279 | ||||
Read more about this topic: Economy Of Greece
Famous quotes containing the word industry:
“Do not put off your work until tomorrow and the day after. For the sluggish worker does not fill his barn, nor the one who puts off his work; industry aids work, but the man who puts off work always wrestles with disaster.”
—Hesiod (c. 8th century B.C.)
“No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.”
—Thomas Henry Huxley (1825–95)
“He had much industry at setting out,
Much boisterous courage, before loneliness
Had driven him crazed;
For meditations upon unknown thought
Make human intercourse grow less and less....”
—William Butler Yeats (1865–1939)