The primary budget balance is in surplus
Poverty rates are high, especially for children
Improving the business environment would accelerate the investment recovery
Growth has resumed
The external and fiscal imbalances have closed
Transitions into employment improved following labour market reforms
Poverty rose sharply during the crisis, especially among children, and investment collapsed
Greece's well-being outcomes are low
Confidence is gradually increasing and the unemployment rate is declining
External competitiveness has improved but productivity continues to decline
Private consumption has stopped falling, investment is volatile, price and wage pressure remains moderate
The primary balance has improved
Bank lending rates in Greece have declined but remain higher than in other Eurozone countries
Bank deposits have levelled off and reliance on the central bank's funding is decreasing
Capital ratios exceed thresholds but return on assets remains negative
The stock of non-performing loans is large
Private sector debt and loans to non-financial corporations are lower than in other OECD countries
Locking-in lower interest rates and additional reforms will help reduce the public debt
Tax rates are high whereas tax revenues are low
Value-added tax collection is low
There is large scope to increase non-cash payments
Performance budgeting procedures can be used more extensively
Wages have moved more closely with employment and productivity since changes to the wage-setting framework
Many private-sector employees earn less than the poverty line
Years of schooling are above average
Adults' skills lag the OECD average
Adults' participation in life-long learning is low
Student performance at school is below the OECD average
Schools and teachers have limited influence over resource and curriculum management
Participation in active labour market programmes is limited
Poverty remains high despite extensive redistribution through taxes and benefits
Pensions dominate Greece's social spending
The social solidarity income, family benefit and housing allowance reforms support poor households' incomes but also raise participation tax rates
Greece's top green growth challenges are waste disposal and air pollution
Product market regulation has eased but remains above most OECD countries
Recent reforms have improved the business environment, which however remains poor
Implementation of OECD Competition Assessments' recommendations has progressed
Greece's inward FDI stocks are low but have improved recently
FDI regulatory restrictions are low compared to other OECD countries
Regulatory governance can be improved, especially by extending the use of ex post evaluations
Control of corruption is positively associated with capacity to innovate and retain talent
Large shares of employment and capital are trapped in zombie firms
Greece's insolvency framework has improved
Insolvency proceedings in Greece are slow and the asset recovery rate is low
Enforcement of contracts is weak
Low investment is dragging potential output and labour productivity growth
Investment dropped more than elsewhere
Business investment in fixed and knowledge-based capital (KBC) is low
Obstacles to investment reported by businesses are high
Service trade restrictions can be lowered further
There is ample scope to deepen participation in global value chains
Revealed comparative advantage in Greece
Greece has improved across all areas of the OECD insolvency regime indicator
Research and development expenditure is among the lowest in the OECD
Research productivity is low
Co-operation with higher education or research institutions in innovation is low
Bank credit's standards have yet to ease and demand for bank loans is still weak
Policy measures helped to create a distressed debt market and lower NPLs in Japan
Public investment has fallen
EU co-financing of public investment spending is sizeable
The share of public investment in total budget expenditure remains stable
The perceived quality of infrastructure lags other countries
Greece's logistics lags OECD countries
Railways infrastructure spending was cut much more than spending on roads
Disbursement of public investment funds is concentrated towards the end of the year
The central government accounts for most public investments spending
Employment in Greece fell further during the crisis and has recovered more slowly
Real wages have stabilised
Poverty rates in Greece are high
The share of workers at risk of poverty is high and has increased
The incidence of long-term unemployment is very high
Employment has shifted away from higher-skill jobs
Many workers are over-skilled for their job
Collective agreements cover fewer Greek workers
Unionisation and employer association membership rates are lower in smaller firms
Trust between social partners rebuilt after the changes to the wage-setting framework, but remains low
Greece's minimum wage is comparable to other OECD economies
More workers in small firms earn low wages
Labour force participation fell among those receiving the youth minimum wage relative to the cohort receiving the adult wage
Greece's education input effort is in-line with other OECD countries
Enrolment in early childhood education and care below compulsory school age lags other OECD countries
School evaluations are infrequent in Greece
Greece has few universities ranked among the world's best
Few adults participate in professional training or life-long learning
Poverty rates and the poverty gap rose in Greece over the crisis
The poverty gap has widened
Those in work are at lowest risk of poverty
Poverty has shifted from retirees to young households with children
Poverty and income inequality remain high even after extensive redistribution through taxes and benefits
The Social Solidarity Income, reformed family benefits, and proposed housing allowances raise poor households' incomes but also raise participation tax rates
Hypothetical increases in the Social Solidarity Income and earnings disregards would further support poor households' incomes
Housing costs overburden most low income households, especially renters
Eligibility conditions for unemployment benefits are moderately strict