The Greek economy in facts and figures

(ATHENS) - Greek lawmakers are due to vote Sunday on the 2013 budget, which forecasts over nine billion euros ($12 billion) in new spending cuts while the economy faces its sixth year of recession. Here are some economic figures for Greece, the epicentre of the eurozone debt crisis and the first European Union member state to be bailed out by the EU and the International Monetary Fund in May 2010.

EUROZONE ENTRY: Greece joined the euro currency area as its 12th member in 2001.

After government borrowing rates soared, it secured a bailout worth 110 billion euros ($142 billion) from the European Union and International Monetary Fund in 2010.

A second EU/IMF package was agreed earlier this year involving 130 billion euros in loans, as was a 107-billion-euro private sector debt write-off.

The deals were reached in exchange for Greek promises of tough austerity measures.

PUBLIC DEBT: Greece has the highest debt-to-output ratio in the 17-nation eurozone, exceeding by far the EU limit of 60 percent of gross domestic product. It is forecast to rise to 346 billion euros or 189 percent of GDP in 2013, according to the latest draft budget, from 340 billion euros this year. Greece's creditors have been seeking a debt level of 120 percent of GDP by 2020.

PUBLIC DEFICIT: Greece's annual public deficit -- the shortfall between government revenue and spending -- is targeted at about 5.5 percent next year from 6.6 percent this year.

GROWTH: The budget is forecasting that the economy will shrink by 6.5 percent this year, and by a worse-than-expected 4.5 percent in 2013, Greece's sixth year in recession. GDP for 2011 had amounted to 206.4 billion euros.

ACTIVITY: The Greek economy accounts for less than 3.0 percent of total eurozone output. The unofficial economy is believed to account for a third of all Greek activity. Tourism and shipping dominate. Many sectors are seen as uncompetitive compared with other eurozone countries.

INFLATION: Official data put 12-month inflation at 1.6 percent in October compared with 0.9 percent in September. It is targeted to reach 1.1 percent this year and 0.8 percent in 2013.

UNEMPLOYMENT: Greece's jobless rate jumped to a record of 25.4 percent in August to 1.27 million, from 18.4 percent a year earlier. Young people are particularly hard hit with almost six in 10 workers under the age of 24 without a job. The budget is forecasting unemployment to dip to 22.8 percent next year.

POPULATION: 10.78 million, down from 11.28 million in 2009, according to May figures, as people leave owing to the economic downturn and birth rates remain low.

POLITICAL INSTITUTIONS: Parliamentary democracy with 300 deputies elected for four years. A three-party coalition government led by conservative leader Antonis Samaras took office after a June election. The president is Carolos Papoulias, elected by parliament in 2010 for five years, whose office is largely ceremonial.

INTERNET SITES: - http://www.statistics.gr - http://www.primeminister.gr bur-hec/txw/boc