Abstract

Socio-economic indicators are usually complex indicators, i.e. they are derived from the composition of individual indicators using a method of weighting. The index of economic freedom shows us how open and friendly our country is towards 'business'. The poverty index is an indication of the standard of living of our country and it is generally considered that it can effectively reflect the various shortcomings of the population. GDP, respectively, measures, in units of money, all finished products produced annually in an economy and traded through the market. Annual GDP growth over a given period is a measure of growth. This economic growth is currently one of the most dynamic growing branches of economic science.
 In the research section of this paper, we examine the degree of correlation between the social indicators of Economic Freedom and Poverty with the Gross Domestic Product (GDP) financial indicator, and finally, the conclusions drawn from the processing of the correlational data are recorded for future study.

Highlights

  • The economic crisis appeared in our country in 2008 and its outbreak caused a series of economic and social problems that had significant effects on the Greek economy

  • There is a gradual improvement from 2012 to 2017 in macroeconomic indicators as Gross Domestic Product (GDP) returned to a positive sign, from -7.30% in 2008 to 1.40% in 2017. 2.2.The social indicators of Greece According to the calculation of the well-being of a society through a series of studies, several organizations have shown that there are 30 indicators that can reliably calculate the overall prosperity of a state, some of which are listed below:

  • Conclusions on key social indicators The poverty rate or social exclusion index has been on the rise since 2010, and has been declining slightly since 2015

Read more

Summary

Introduction

The economic crisis appeared in our country in 2008 and its outbreak caused a series of economic and social problems that had significant effects on the Greek economy. The second part, entitled Research Framework, follows the presentation and analysis of the data collected from the databases and the correlations between social and economic indicators. 2. Theoretical Framework Social indicators are statistical time series that are used to monitor the social system, helping to identify changes and to guide intervention to the alter the course of social change (Ferriss, 1988). Theoretical Framework Social indicators are statistical time series that are used to monitor the social system, helping to identify changes and to guide intervention to the alter the course of social change (Ferriss, 1988) They represent a strong support to setting the developmental plans on scientific pillars and they are effective for economic and social planning. To represent social system characteristics in research projects; and to classify countries, regions or municipalities according to their similarities and differences over a range of socio-economic and environmental factors

Economic Index
Social Index
Findings
Conclusions
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call