Greece is the southernmost of the countries in the Balkan Peninsula, which has geography influenced the country’s development (1). The total land area of Greece, one fifth of that which makes up the Greek islands, is comparable to the size of England of the U.S. state of Alabama (1).
Greece’s natural resources include petroleum, hydropower, iron ore, lignite, bauxite, lead, zinc, nickel, magnesite, marble and salt (2). Its economy is structured as followed (in % of GDP): agriculture: 4.1%, industry: 16.9% and services: 79.1% (2017) (3).
Greece’s top exports commodities include mineral fuels including oil, aluminum, machinery including computers, pharmaceuticals, plastics, plastic articles, vegetables/fruits/nut preparations, electrical machinery, equipment, animal/vegetable fats, oils, waxes and fish (3). Greece’s top imports commodities include mineral fuels including oil, machinery including computers, electrical machinery, equipment, pharmaceuticals, vehicles, plastics, plastic articles, iron, steel, ships, boats, organic chemicals and meats (4).
Greece’s main ports and terminals are Lavrion, Patras, Piraeus, Thessaloniki and Volos (5).
The United States was Greece’s 7th largest goods trading partner with $ 1.6 billion in total goods trade during 2017 (6). Greece is the 61st largest export economy in the world and the 55th most complex economy according to the Economic Complexity Index (ECI). In 2017, Greece exported $30.2B and imported $52.8B, resulting in a negative trade balance of $22.5B. In 2017 the GDP of Greece was $200B and its GDP per capita was $27.6k (7).
The City of Tampa has formalized a Sister City agreement with the city of Crete (8).
United States’ exports to Greece in 2018: $1,084.1 billion (9)
United States’ imports from Greece in 2018: $1,605.8 billion (9)
The United States’ had a trade deficit of $521.6 million in 2018 with Greece (9)