SHIPPING’S INDISPENSABLE AND STRATEGIC ROLE

A National Asset and Source of National Pride

Shipping is the most extrovert sector of the Greek economy, contributing significantly to the country’s growth and employment:

• Receipts from maritime transport are on average equivalent to 57% of the country’s total goods exports during the last 5 years (Figure 12).
• Maritime transport accounts for 7-8% of the country’s Gross Domestic Product (GDP) directly and indirectly.
• Shipping provides around 160-200 thousand jobs. It is estimated that 6% of total private sector jobs in Greece are related to shipping^[8].

The Greek shipowning community:

• Invests almost 1.5 billion USD mainly in sectors such as real estate, hospitality, energy, banking, media and sports.
• Donates 500 million USD on average each year in support of social welfare initiatives.
• This annual contribution of around 2 billion USD - beyond the sector’s direct economic impact - stands as a testament to why shipping is considered a national asset for Greece

Greek shipping: A pillar for Greece’s economy and a source of national pride.

[8] McKinsey & Company, “Greek shipping: Success factors and opportunities”, 2024