Why is manufacturing not a major industry of Greece?

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1167619

2026-07-23 05:50

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Manufacturing in Greece faces several challenges, including a relatively high cost of labor, limited access to raw materials, and a focus on tourism and services as the backbone of the economy. The economic crisis of the late 2000s also led to reduced investment in manufacturing infrastructure. Additionally, the country's geographic position and small domestic market further limit the scale and competitiveness of manufacturing operations. Consequently, Greece has not developed a robust manufacturing sector compared to other European nations.

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