Demographics

Commonly called Greece, the official name of the country is the Hellenic Republic. It is in Southern Europe consisting of about 3000 islands loved by the tourists. Greece is a peninsular country with a population of 10.4 million, and 40% of the people live in the capital, Athens. Greece ranks 87^th in the global ranking by population and is about the size of Alabama. In the summer season, you can find more tourists than Greeks vacationing on Santorini, Mykonos, Crete Rhodes, Corfu, and Zante especially.

Average Salary

The salaries are not as high in Greece as many other places, but it ranks above in work-life balance. The cost of living is affordable, making it convenient for the residents. A working adult in Greece earns around 2,430 EUR monthly on average. The highest average pay in the region is 10,900 EUR, and the lowest average comes to be 620 EUR every month.

Economy

Greece is a developed country, and its economy has improved by 2.2 points in the 2020 Index. The Greek economy is based majorly on the service sector accounting for 85% and industry for 12%. Tourism is a major sector in Greece and brings 16% to the GDP.

While agriculture does not contribute much to the GDP, Greeks produce a surplus amount of Olives and export Olive oil to several countries. Also, 7% of the marble in the world comes from Greece.

E-commerce in Greece

Greece is a well-connected country with 134.9% mobile connection penetration. 8.39 million of the population have access to the internet, and 7.40 use social media. Greeks do not spend a lot of money on shopping as they look for repairing more than replacing. However, it is good news that Greece’s sales are moving to the web, enabling international selling and buying opportunities. Products with competent prices sell better as the consumers are a little price-conscious.

Payment Methods

85.5% of the Greek population has an account with a financial institution, and most payments are by prepaid cards. The concept of advance payments and prepaid cards is quite persistent in the Greek market. With only 12% of people holding credit cards, 11% use them to make online payments. 25% of buyers make payments through mobile phones, while 6% find bank transfers more convenient.

Fig. Payment methods in Greece

Popular Products

Fashion and beauty is the most profitable category in the Greek e-commerce market other than travel and accommodation. Other expanding markets in Greece comprise Electronics, Media, Food, and Personal Care. The sales made in Fashion and Electronics segments make up 59% of the total e-sales.

Future of e-commerce

The e-commerce market is expected to have a user penetration of 53.4% in 2021 and 59.3% by 2025. As a result, the revenue will be around $4,299 million by 2025 at a growth rate of 7.7%.

Dropshipping to Greece

The proliferating international market is an excellent avenue for dropshipping to Greece. To make it hassle-free for you, Wefullfill ships products to Greece for $3.00 only. You just have to place your order and relax while we deliver your package to Greece at the earliest!