ACG 150

The Institute for Hellenic Growth and Prosperity, a part of the ACG 150 initiative celebrating the institution’s 150-year anniversary in 2025, announces the publication of a new extensive report on the Greek Economy. The report entitled “The Greek Economy: Current State and Perspectives” examines the latest economic and political developments between 2023 and 2024. The report continues the late 2023 ACG IHGP Report, “The Greek Economy: Looking Back and Charting the Way Forward,” which analyzed the economic and political developments in the country between 2012 and 2023.

The new report studies the current state of affairs in various Greek economic sectors, considering the transformations of the Greek economy necessary for full engagement with the Digital Revolution while strengthening traditional industry sectors. Its conclusions – in summary per industry – are as follows in:

  • Agrifood, the new EU Common Agriculture Policy (CAP) Plan heralds a transformative production model, focusing on innovation, technology adoption, and young entrepreneurship to boost competitiveness.
  • Tourism, the sector holds immense potential for growth, while there are many opportunities to diversify offerings and attract high-value visitors.
  • Agrifood-tourism, a unified national gastronomic identity, along with investments in agritourism and thematic programs, could make Greece a global leader in culinary tourism, benefiting both agrifood and tourism sectors.
  • Shipping, the sector is facing several key challenges on the path to maintaining its global leadership and securing future viability.
  • Logistics and Transport, key business obstacles include inefficient public administration, issues with the functioning of the judiciary, and challenges posed by frequent tax changes and high taxation.
  • Energy, it has become evident that Greek electricity generation relies almost equally on fossil fuels and renewable sources of energy, while wind power generation in Greece remains a dominant contributor.
  • Banking, Greek banks have redefined themselves as central pillars of economic progress at a pivotal moment as Greece prepares to tackle new challenges in competitiveness, and the twin transitions to a digital and a greener economy.
  • Housing, the combination of low wages and escalating property prices, has made homeownership a difficult quest for most Greeks.
  • Capital Markets, the Greek stock market has experienced sustained growth, reflecting the strong performance and optimistic outlook for the Greek economy.

In conclusion, the IHGP believes that Greece will outperform the eurozone average in the coming years as it did in 2024. Greek authorities need, however, to remain focused and continue pursuing reforms to ensure the long-term growth Greek society needs to raise living standards.

The Report of the Institute for Hellenic Growth and Prosperity was produced with the collaboration of the ACG 150 Centers of Excellence in Food, Tourism & Leisure, Shipping, Logistics & Energy, Sustainability and the Research, Technology and Innovation Network.

To access the full 100-page report, please visit here.

ACG 150 Institute for Hellenic Growth and Prosperity will continue its work, aiming to sponsor research as well as scholarly and public discussions designed to promote the adoption of innovative and best international practice solutions to Greece’s economic challenges, endeavoring to contribute to the creation of a brighter future for the new generations.