Greece
Europe · Athens · EUR (Euro)
Economy & industry overview
Greece is a high-income, open economy in Southern Europe and a member of the European Union and Eurozone. Tourism and shipping are the dominant industries, with Greece operating the world's largest merchant fleet by tonnage. The services sector accounts for approximately 78% of GDP, while industry contributes around 18% and agriculture roughly 4%. Following a severe sovereign-debt crisis in the 2010s, Greece has sustained positive GDP growth since 2017, supported by fiscal consolidation, rising tourism revenues, and foreign direct investment. Key structural challenges include a still-elevated unemployment rate, high public debt, and ongoing demographic pressures from emigration and an ageing population.
Key sectors
📘 Learn everything about Greece →Macro
| GDP nominal, USD | $257.14B |
| GDP growth real, annual | 2.1% |
| Inflation annual | 3.5% |
| Population people | 10.4M |
| GDP per capita USD | $24,842 |
| Market cap total listed, USD | $109.00B |
| Market cap / GDP | 42.4% |
| Unemployment | 10.1% |
| Listed companies | 153 |
| Exchange | Athens Stock Exchange (Euronext Athens) (ATHEX) |
Data year: 2024. Sources: IMF World Economic Outlook (October 2024 / April 2026), World Bank National Accounts Data, Hellenic Statistical Authority (ELSTAT), Athens Stock Exchange / Euronext Athens, Wikipedia – Athens Stock Exchange, Trading Economics, Macrotrends, Focus Economics, Statista, Global Citizens Solutions – Greece Golden Visa, Hellenic Ministry of Migration and Asylum, Bank of Greece.
Latest news
Largest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | National Bank of GreeceETE · ATHEX | Banking & Financial Services | $13.58B | NBGIF |
| 2 | Eurobank Ergasias Services and HoldingsEUROB · ATHEX | Banking & Financial Services | $10.80B | — |
| 3 | Alpha BankALPHA · ATHEX | Banking & Financial Services | $9.20B | — |
| 4 | Piraeus BankTPEIR · ATHEX | Banking & Financial Services | $7.80B | — |
| 5 | OPAP S.A.OPAP · ATHEX | Gaming & Lotteries | $5.20B | — |
| 6 | Coca-Cola HBC AGEEE · ATHEX | Food & Beverages | $11.50B | CCHGY |
| 7 | Hellenic Petroleum (HELLENiQ ENERGY)ELPE · ATHEX | Energy & Petroleum Refining | $3.40B | — |
| 8 | Public Power Corporation (PPC / DEI)PPC · ATHEX | Utilities & Electricity | $3.10B | — |
| 9 | OTE Group (Hellenic Telecommunications Organisation)OTE · ATHEX | Telecommunications | $5.50B | OTELB |
| 10 | GEK TernaGEKTERNA · ATHEX | Construction & Concessions | $2.70B | — |
| 11 | ViohalcoVIO · ATHEX | Metals & Industrial Materials | $2.00B | — |
| 12 | Lamda DevelopmentLAMDA · ATHEX | Real Estate | $1.80B | — |
| 13 | Motor Oil HellasMOH · ATHEX | Energy & Petroleum Refining | $2.60B | — |
| 14 | Mytilineos HoldingsMYTIL · ATHEX | Industrial Conglomerate / Metals & Energy | $3.60B | — |
| 15 | Jumbo S.A.BELA · ATHEX | Retail & Consumer Goods | $2.90B | — |
| 16 | Terna EnergyTENERGY · ATHEX | Renewable Energy | $1.50B | — |
| 17 | ADMIE (IPTO) S.A.ADMIE · ATHEX | Utilities – Electricity Transmission | $1.20B | — |
| 18 | Athens International Airport S.A. (AIA)AIA · ATHEX | Transportation & Infrastructure | $3.80B | — |
| 19 | Ellaktor S.A.ELLAKTOR · ATHEX | Construction & Concessions | $600.00M | — |
| 20 | Sarantis GroupSAR · ATHEX | Consumer Goods & Personal Care | $850.00M | — |
| 21 | EYDAP (Athens Water Supply & Sewerage Company)EYDAP · ATHEX | Utilities – Water | $700.00M | — |
| 22 | EYATH (Thessaloniki Water Supply & Sewerage)EYATH · ATHEX | Utilities – Water | $240.00M | — |
| 23 | Titan Cement InternationalTITK · ATHEX | Building Materials | $2.40B | — |
| 24 | Fourlis GroupFOYRK · ATHEX | Retail – Home Furnishings & Sporting Goods | $380.00M | — |
| 25 | Intralot S.A.INLOT · ATHEX | Gaming Technology | $400.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market — the simplest route for many US investors.
| Ticker | ETF | Issuer | Scope | Expense ratioannual % | Exposure% of fund |
|---|---|---|---|---|---|
| GREK | Global X - MSCI Greece ETF | Global X | Single-country | 0.57% | 100% |
| VWO | Vanguard FTSE Emerging Markets ETF | Vanguard | Broad EM Reference only | 0.08% | 0% |
| VGK | Vanguard FTSE Europe ETF | Vanguard | Regional | 0.08% | 0% |
| GUR | SPDR Portfolio Europe ETF (formerly SPDR S&P Emerging Europe ETF) | State Street SPDR | Regional Delisted | 0.22% | 5% |
| EWQ | iShares MSCI France ETF | BlackRock iShares | Regional Reference only | 0.49% | 0% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock iShares | Broad EM | 0.70% | 0% |
Local exchange & access
| Exchange | Athens Stock Exchange (Euronext Athens) |
| Code | ATHEX |
| Website | athens.euronext.com/en |
| Currency | EUR |
Local broker access
International investors can access Athens Stock Exchange (ATHEX/Euronext Athens) equities through major European and global brokers offering access to Euronext-connected markets (e.g., Interactive Brokers, Saxo Bank, Degiro, and most EU-regulated brokers). Greek stocks can also be accessed indirectly via US-traded ETFs and a small number of ADRs. Settlement follows the standard T+2 European cycle. The exchange operates in EUR. Non-resident investors are subject to Greek withholding tax on dividends (currently 5% for listed shares). Capital gains on listed Greek equities are generally exempt from Greek capital gains tax for non-residents, subject to applicable tax treaties.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only — not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants 5-year renewable residence permit (Schengen Area travel; pathway to permanent residency and naturalisation after statutory periods)
Greece operates a Golden Visa (residence-by-investment) programme launched in 2013, enabling non-EU/EEA nationals and their immediate family members to obtain a five-year renewable residence permit. Following reforms effective 31 August 2024, real-estate investment thresholds are tiered by zone: €800,000 (approx. USD 880,000) in prime/high-demand areas (Attica/Athens, Greater Thessaloniki, Mykonos, Santorini, and islands with population above 3,100); €400,000 in all other regions; and €250,000 for commercial-to-residential conversions or restoration of listed heritage buildings anywhere in Greece. Additional non-real-estate routes include a minimum €350,000 investment in eligible Greek-focused mutual funds or Alternative Investment Funds, and a minimum €250,000 investment in a Greek startup registered on the Elevate Greece platform. The programme has attracted more than €10 billion in cumulative foreign investment since inception.
Minimum investment: $275.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Greece offers several relocation-friendly fiscal regimes in addition to the Golden Visa: a 7% flat-tax programme for foreign-sourced pension income (15 years), a 50% income-tax exemption for new tax residents relocating for employment or self-employment, and a lump-sum annual tax of €100,000 on foreign-sourced income for high-net-worth individuals transferring tax residency. The cost of living is moderate by Western European standards. The standard working language of commerce is Greek, though English is widely used in business and tourism sectors.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US — investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Coca-Cola HBC AG | CCHGY | EEE | Coca-Cola HBC is the largest Greek-associated company with a US OTC ADR (CCHGY). Primary listing is on the London Stock Exchange; secondary listing on ATHEX. Represents approximately 40% of ATHEX's total market cap on its own. |
| National Bank of Greece | NBGIF | ETE | National Bank of Greece trades on US OTC markets as NBGIF. One of Greece's four systemic banks; historically held an NYSE-listed ADR (NBG) which was delisted; currently OTC only. |
| OTE Group (Hellenic Telecommunications) | OTELB | OTE | OTE trades on US OTC markets. Deutsche Telekom is the controlling shareholder. OTE is Greece's dominant telecom operator and among the more liquid Athens-listed stocks. |
| Titan Cement International | TTNDY | TITK | Titan Cement trades on US OTC markets as TTNDY. Primary listing is on Euronext Brussels with a secondary ATHEX listing. One of the world's leading cement manufacturers with major US operations. |