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Greece.docx

David post

INT 113 Module Five Discussion Sample: Economic Measures and Physical Infrastructure Chosen

Country: Greece

Economic Data:

Interest Rates 0% (Trading Economics, 2021)

Unemployment (Central Intelligence Agency, 2019) 17.3% (2019)

Inflation (Central Intelligence Agency, 2019) 0.2% (2019)

GDP real growth rate (Central Intelligence Agency, 2019) 1.87% (2019)

Exchange Rates (Central Intelligence Agency, 2019) euros (EUR) per US dollar - 0.82771 (2020 est.)

GDP (Central Intelligence Agency, 2019) 319.334-billion (2019)

Labor Force (Central Intelligence Agency, 2019) 4-million

Major Industries (Central Intelligence Agency, 2019) tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum

FDI Rates (Enterprise Greece, 2020) 4,484 million in 2019,

Physical Infrastructure:

Major Airports/Seaports

Seaports with container liner service (Central Intelligence Agency, 2019): Piraeus (5,648,000) (2019) Airports (Getbybus,2021): Athens, Heraklion, Thessaloniki, Rhodes, Chania, Corfu, Kos, Santorini (Thira)

Railway Stations (Government websites) Illustration below

Internet Users (Central Intelligence Agency, 2018) 7,783,381-million

Mobile Providers (Globalnewswire, 2020) Wind Hellas, Vodafone Greece and Cosmote.

Logistics Performance Index Rating (The World Bank, 2018) Rank: 42 Score: 3.2

Major Railway Stations and Lines:

Greecemap360.com (2011)

Business Observations:

· Shipping and distribution of goods could be delayed due to only on seaport that has container liner service.

· Unemployment rate at 17.3 percent is much higher compared to the United States at 5.2 percent.

· The low inflation rate is a great drawl for businesses and new investors.

· The countries major industries have a little for every new company wanting to do business there.

· With pathed airports spread around the country if would make it easy to move imports for local businesses.

· Now that Greece is no longer paying bail out money back to the EU. The country is now moving forward with economic growth and trade.

Alisa post

Below is the data for Italy.

Economic Data:

Interest Rates (Trading Economics) 0%

Unemployment (CentralIntelligence Agency, 2021) Total: 29.2% (2021)

Country comparison: 33

Inflation (CentralIntelligence Agency, 2015) 0.6% (2019)

Country comparison: 47

GDP real growth rate (Central IntelligenceAgency, 2021) 0.34% (2019)

Country comparison:187

Exchange Rates (CentralIntelligence Agency, 2015) 1 Euro = $ .82771 USD (2020)

GDP (Central IntelligenceAgency, 2021) 2.56 trillion (2019)

Labor Force (CentralIntelligence Agency, 2021) 22.92-million (2020)

Country comparison:24

Major Industries (Central Intelligence Agency, 2021) Tourism, machinery, iron and steel,

chemicals, food processing, textiles,

motor vehicles, clothing, footwear,

ceramics.

FDI Rates (The World Bank, 2021) 31.19-million (Inflow as of 2019)

Physical Infrastructure:

Major Airports/Seaports Seaports with container liner service (World Port

Source, 2021): (19 total) Ancona, Bari, Cagliari,

Genoa, La Spezia, Livorno, Napoli, Palermo,

Pozzallo, Ravenna, Venezia

International Airports (Flight Connections, 2021):

Lamezia Terme, Orio al Serio, Malpensa, Naples,

Federico Fellini, Rome Leonardo Di Vinci, Turin,

Venice Marco Polo,

Railway Stations (Government websites) Illustration below

Internet Users (Central Intelligence Agency,2021) 46.3-million (2018)

Country comparison: 19

Mobile Providers (GSMA,2021) Wind Tre, TIM, Vodafone, Linkem, Go

Internet, Tiscali, Ilad

Logistics Performance Index Rating (The WorldBank, 2021) 3.74 (2018)

Major Railway Stations and Lines (Italiarail.com, 2021)

Business Observations:

Due to Italy’s geography and accessibility to several countries importing and exporting should be relatively easy due to numerous seaports, airports, and railways stations.

The Interest rate for Euro is currently 0 according to Trading Economics and weak compared to the USD exchange.

Northern and Southern Italy’s major industry tourism is easily accessible for travelers through rail and airports throughout the country.