Small hydroelectric dam, Peloponnesus
Courtesy Sam and Sarah Stulberg

Goat herd on a country road, Epirus
Courtesy Sam and Sarah Stulberg

Selling artichokes and quinces, western Peloponnesus
Courtesy Sam and Sarah Stulberg The productivity rate of traditional industry remains very important to the Greek economy, even as the service sector appears to be the primary source of growth. In spite of prolonged stagnation in manufacturing, experts believe that the industrial sector can be a source of effective increases in human productivity and labor skills, innovation, and efficient organization for the production of services themselves. In the early 1990s, some industries made significant advances in these areas, spurring hopes that the entire sector would revive.

Greek manufacturing, and industrial activity in general, underwent great expansion in the 1960s, but the sector has been slowing ever since and has virtually stagnated in the early to mid1990s . In view of the importance of the industrial sector in a country of medium-level development such as Greece, experts consider this current inertia one of the root causes of the country's economic problems.

Data as of December 1994

NOTE: The information regarding Greece on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Greece INDUSTRY information contained here. All suggestions for corrections of any errors about Greece INDUSTRY should be addressed to the Library of Congress and the CIA.