The east Mediterranean country placed 23rd out of 38 OECD member-states, according to a report for 2024

According to the OECD, Greece’s 2024 tax policy focused on 3 main areas: social security contributions, property taxation, and the alignment of taxation with environmental and tourism objectives.

Bank of Greece data confirm that visitors spent significantly more regardless of the modest rise in arrivals. Germans, French, Italians, and Americans, in particular, boosted spending per trip, helping widen the surplus.

While the average employment rate for OECD countries reached 72.1% for Q1 in 2025, Greece lags notably, especially for the youth, women, and older age groups.

Greece’s GDP growth is projected to reach 2% in 2025 and 2.1% in 2026, according to the latest Economic Outlook report on global economic prospects released by the OECD. According to estimates, investments will be bolstered by disbursements from the EU’s Recovery and Resilience Facility, while increases in the minimum wage are expected to support […]

According to an OECD report, a single worker without children earning an average salary in Greece faces a tax burden equivalent to 39.3% of the total cost incurred by their employer. The report, which attempts to shed light on the so-called “tax wedge” (the total amount of taxes and social security contributions borne by both […]

The survey is the latest in recent studies that paint a bleak picture of living conditions in Greece, among other issues

Regarding the country’s unemployment growth the report mentions that it is expected to slow down due to rising labor costs.

At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.

Greece scores below the OECD average in at least one subcategory for each component, including income inequality, crowded housing, gender wage gap, overtime work,

The data revealed the job rate settled at 63.9%, compared to 62.7% in the first quarter and 57.3% in 2021

Greece has the greatest degree of social inequality in relation to unmet health needs among 26 OECD countries.

According to the OECD, Greece experienced the sharpest decline in real per capita household income, which fell by 1.9%, despite a 0.9% increase in real per capita GDP.

By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019

Europe’s immediate neighborhood of the Western Balkans is facing symptoms of deterioration such as a worsening situation regarding the rule of law, rise of nationalist forces challenging international treaties and a deterioration of good neighborly relations with the European Union and its members. Political dynamics cast a shadow over the region’s economies, slowing down any […]

A couple with children experience negative savings, averaging -€2,159 annually.

The international organization calculates an average of 6.7 billion USD in Greece over the 2021-2023 period, up from 4.15 billion USD in 2017-2019

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

Basic food costs and other staple products like bottled water, soft drinks, and fruit juices witnessed an increase of 13.8%, and fruits were up by 12.3%

The figures indicated that the estimated savings as a percentage of disposable income for Greeks dipped from -4.9% in 2021 to -11.3% in 2022, compelling Greeks to tap into their income to make ends meet