piraeus bank group

Greek export performance: Tangible Signs of improvement but much more is required

Revealed Symmetric Comparative Advantage (RSCA) of Greece vs PRODY Index

Greece has a negative correlation between comparative advantage and global productivity level of its exported products. Greece has comparative advantage mostly on goods with low global productivity level, which account for 31.9% of Greek exports. Excluding petroleum products, only 8.5% of Greek exports have comparative advantage and are of high global productivity level.