Sunday, August 1, 2010

Greece, Athens - Cost of Living

The Greek economy is a developed economy with the public sector accounting for about 40% of GDP. The service sector contributes 75.7% of the total GDP, industry 20.6% and agriculture 3.7%. Greece is the twenty-fourth most globalized country in the world and is classified as a high income economy.

Athens is the capital and largest city of Greece. Athens is one of the world's oldest cities, its recorded history spans around 3,400 years. Athens is central to economic, financial, industrial, political and cultural life in Greece and it is rated as an alpha- world city. It is rapidly becoming a leading business centre in the European Union.

Athens has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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