Greece Binary Options Resources
Even though Greece is in a state of financial meltdown at the moment, that does of course mean that you are going to find a wealth of trading opportunities should you be seeking out some of the countries that make us Western Europe that are not performing too well!
Have a look through the following facts and figures related to Greece as they may just give you some pointers as to where and what on you should be placing your Binary Options trades!
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National Bank
The Bank of Greece website is where you will find a lot of information in regards to the regulation of all banking institutions that are licensed to operate in Greece. Recent ratings given for Government Bonds in Greece are as follows: Standard & Poor’s: B, Moody’s rating: Caa1 and the Moody’s outlook is listed as being: STA.
Greece is a signed up full member of the Euro system and they are part of the European Central Bank. As such they use the Euro currency.
Greece International Financial Reserves
Based on the latest set of figures released Greece has International Reserves of US$ 7.552 billion.
Real GDP Growth in Greece
Based on the last batch of finalised reports in the last 12 years Greece had 6 years of negative real GDP and below you will find the information regarding just which years were negative and positive.
The figures for real GDP growth since 2003 to 2014 are as follows: 2003 5.9%, 2004 4.6%, 2005 2.3%, 2006 5.5%, 2007 3.5%, 2008 -0.2%, 2009 -0.31%, 2010 -4.9%, 2011 -7.1%, 2012 -7.0%, 2013 -3.9%, 2014 0.6%.
Greece GDP as a Percentage of Composition by each Market Sector
The following three market sectors and their respective figures are the percentage of composition on each of those market sectors of GDP of Greece.
The Agriculture market sector makes up 3.5% of GDP in Greece, whilst the Industry market sector makes up 16% of the total GDP in Greece and the Services market sector is responsible for 80.5% of total GDP in Greece.
Inflation and Unemployment in Greece
The rate of inflation in Greece over the last five years has been reported as being as follows: 2011 3.3%, 2012 1.5%, 2013 -0.9% and in 2014 -0.8% and to date in 2015 the rate of inflation was 0.3%. Unemployment in Greece again over the same five year period has been reported as being 2011 17.7%, 201224.2%, 2013 27.3%, 2014 25.8%, and in 2015 23.8%.
Where to Place Binary Options Trades on Companies Based in Greece
Greece is currently a member of Europe however they are by no stretch of the imagination a financially sound country. However that does of course mean there can be some very profitable Binary options trading opportunities on offer on companies based there.
Should you be interested in taking advantage of those opportunities and need a Broker at which to place those trades at then have a look at LBinary for they offer a bonus which is worth up to $250 for new traders and profits on trades placed there can be as high as 85%.