Shipping accounts for almost 8% of Greek GDP
The total contribution of ocean-going shipping to Greece’s gross domestic product amounts to 7.9%, according to a new study by the Foundation for Economic and Industrial Research (IOBE).
Based on the average rate of the period 2018-2021, it was estimated at 14.1 billion euros annually, while in employment terms it corresponds to 86,300 full-time jobs.
At the same time, the public revenue generated – directly or indirectly – by the activity of shipping is estimated at €1.9 billion.
Shipping in Greece still has by far the largest share in the gross value added (GVA) of the Greek economy compared to other European Union member-states (3.1%).
