Worrying statistics

Greece's Number Is Up

Greece's headcount is falling.
  • Why it matters

    Why it matters

    Continued austerity is likely to further damage Greece’s already poor levels of economic drivers.

  • Facts


    • In 2012, Greek pupils were ranked 42nd in a global list of basic school skills.
    • Greece was ranked 55th of 142 countries in the 2013 Global Innovation Index.
    • By 2030, Greece’s population will have fallen below 10 million from a peak of 11.1 million in 2010.
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Many respected economists expect that Greece will return to global competitiveness only when it ceases to receive aid and frees up its economic energy by reintroducing a domestic currency that can be devalued at any time.

Opposing voices don’t see things very differently, but believe that the almost €240 billion ($271 billion) of bailout loans that Greece has already received will have to be enormously increased before the sun-soaked country can once again establish a favorable position in world markets.

But it seems that no matter who is right, Greece’s return to solvency will not only depend on sound economic decisions. Greece may also lack the skills to implement them.

Top talent is extremely rare.

After finishing 20th of 25 countries in the inaugural Trends in International Mathematics and Science Study in 1995, the country never again participated.

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