A: Greece lies on the geographical coordinates of 39° 0' 0" N, 22° 0' 0" E.

Latitude and Longitude of Greece in other units:

More detail about Greece

Greece Economy Assisted by Euro

Prior to 2002, Greece was considered as a country at high risk for inflation but that all changed when they adopted the Euro. This adoption gave them access to loans with competitive rates as well as access to the low rates offered by Eurobond market. All of this led to an increase in consumer spending and economic growth.

Unfortunately the global financial crisis did some damage to the economy. The access to these low rate loans declined to some degree as did the average consumption by the locals.

Greece has a number of natural resources that contribute to its economy including oil, marble, magnesite, lignite and bauxite. They also grow a number of different types of products. Examples of these products are cotton, grapes, oranges, peaches, tomatoes, olives, sugar beets, wheat, raisins, and tobacco. They process olive oil and they have cattle farms where they produce dairy products.

They have a number of different manufacturing plants involved in a variety of goods. They produce various processed foods, textiles, shoes, chemicals, metals, cement glass, and other such things. Greece is involved with the manufacturing of electrical power and in construction.

The types of services offered in Greece are growing. At the moment, the majority of their revenue is brought in by the communications, trade, banking, public administration, defense, transportation and tourism industry. Tourism in general might have declined since the crisis but Greece still has good numbers of tourists visiting each year to take advantage of the sunshine and the activities offered.

Once the financial crisis reduces in strength, Greece can look forward to a brighter future. The Euro brought it some fortune in the past and it can do the same again with the increase in its different sectors. The strength of the Euro will help with this situation as it will also promote the traveling of others to this area.