Greek entrepreneurship by numbers: Micro-scale and macro impact

EconomyFeatures Tags: Business, Startups, Unemployment
Photo by Gerasimos Domenikos/Fosphotos
Photo by Gerasimos Domenikos/Fosphotos

The latest data released by ELSTAT on the demography of Greek businesses for the year 2023 captures the idiosyncrasies of Greek entrepreneurship and adds valuable insight to the debate about Greek competitiveness and the efforts to boost long-term growth potential.

The typical Greek business has no employees. Out of 932,549 active enterprises in 2023, a majority of 574,264, over 61 pct had no employees. Sole proprietor businesses appear to be the default starting point for new ventures, as close to 78 pct of all n...

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