As of 2016, the Greek economy is ranked 45nd largest in the world in terms of nominal gross domestic product, according to the World Bank. It is also ranked 15th among the economies of the 27 member countries of the European Union. The economy of Greece is based mostly on the service and industry sector, with agriculture providing about 2% of the total gross domestic product of the country. Its industries include tourism, merchant shipping (one of the largest merchant marine in the world in terms of total capacity), agricultural production.
In the primary sector, Greece is the one of the largest producers of cotton and pistachios in the European Union. Other important agricultural products include rice, olives, tomatoes, watermelons and tobacco. Organic farming has also increased considerably in the country.
In the industry sector, the recent crisis hit hard various industries. Indicative industries of Greece include cement, pharmaceuticals, concrete, beverages and beer, dairy and cigarettes. In the tertiary sector of services, shipping has played a key role in the Greek economy since antiquity, and was recently boosted during the 1960s. The tourism sector has also been a major component of the Greek economy, especially after the 1950s, ranking the country 15th in the world in terms of tourist expenditure. Recently, various tourism – related organizations, such as Lonely Planet, have included Greece in their “hot” guides and lists.