The Greek economy once again threatens to bring down the European project. But it is, in many ways, a clear outlier. As Table 1 shows, Greece's debt-to-GDP ratio exploded since 2008, and is considerably out of the European mainstream. Meanwhile its output, as Table 2 reveals, has shrunk far more since the crisis than that of other European countries.This is not to say that it has suffered unique levels of pain. As Table 3 shows, Spanish unemployment in particular is comparable to Greece's.Table 4 shows one reason why Greece's GDP has struggled to get back on track: While it has reduced its imports, it has failed to increase competitiveness sufficiently to grow its exports.Table 5 shows the yield on European debt. Once again, Greece is an outlier - and the increased spread of late suggests the renewed lack of confidence in the country's future in Europe, especially since the current government was elected.

Even as the Greek economy once again threatens to bring down the European project, it is in fact, in many ways, a clear outlier. &nbsp;<br />
<br />
Here are some stats which will put its economic situation in perspective, within the larger European scenario.
<h2>
	<span style="color:#800000;">Greece and Europe: <a href="https://magic.piktochart.com/output/6885745-stats-guru-6-july" target="_blank">A study in numbers</a></span></h2>
<br />
<iframe frameborder="0" height="2890" scrolling="no" src="https://magic.piktochart.com/embed/6885745-stats-guru-6-july" style="overflow-y:hidden;" width="620"></iframe>

StatsGuru: Analysing the Greek crisis

Business Standard brings you data which will put the Greek economy in perspective

Greece and Europe: A study in numbers

Explore News