Corruption Perception Index of Greece
Greece scored 50 points out of 100 on the 2020 corruption perceptions index, an increase of two points when compared with the previous year (2019). Between 2010-2020, the corruption perception index of Greece increased by 15 points.
Within the corruption perception index, Greece performs below average when compared to other countries. Greece's index score has increased from a low of 35 in 2010 to a high of 50 in 2020.
Greece has witnessed excruciating budget cuts, tax increases, significant unemployment, declining living conditions, and cuts to social services. Tax evasion became a form of patriotism and occasionally a requirement for survival in Ottoman-occupied Greece, whilst corruption was pervasive among the empire's authorities, particularly in its closing years.
Outlook on Corruption Perception Index
The Corruption Perceptions Index (CPI), is an index that ranks countries around the world, based on how corrupt their public sectors are perceived to be. Results are presented on a scale of 0 to 100, with 0 being highly corrupt and 100 representing extremely noncorrupt.
Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland are among the major countries with the lowest levels of corruption worldwide. Denmark and New Zealand had the highest score of 88 out of 100, followed by Finland, Switzerland, Singapore, and Sweden with a score of 85 in 2020. Countries with the highest levels of corruption worldwide include Somalia and South Sudan with a score of 12 out of 100 in 2020.
Key Factors Affecting the Corruption Perception Index
Political and Economic Environment:
The political and economic environment has a major impact on the corruption phenomena and is also affected by the monetary policy.
Level of GDP:
It has been demonstrated that nations with relatively low GDP per capita levels typically have higher levels of corruption. Other than that, early developing nations often have lower corruption ratings.
Country Size:
Due to the difficulty in policing public officials in dispersed places, countries with a low population density and large geographic areas are more susceptible to corruption.
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