NUTS-3 EL522 · Greece
Population
1,081,8432025
GDP
€19,661M2023
Unemployment· NUTS-2 source
11.7%2025
Employment· NUTS-2 source
69.1%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
3,688.6 km²
TerraSight · Compare
2 regions side-by-side
EL522 · ES614
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Granada (Opportunity 54). Runner-up: Θεσσαλονίκη (43). Contrarian pick: Θεσσαλονίκη — leads the set on Cost advantage (EU pctl 83).
#1Granada
Strengths
Energy cost (95) · Cost advantage (78)
Red flags
Labour market (EU bottom 15%)
Industrial base (EU bottom 15%)
Strengths
Cost advantage (83) · Energy cost (58)
Red flags
Economic base (EU bottom 15%)
Labour market (EU bottom 15%)
Governance (EU bottom 15%)
Air quality (EU bottom 15%)
Why you might not pick Granada
Labour market (EU bottom 15%); Industrial base (EU bottom 15%). Its weakest dimension is Labour market (EU pctl 5) — Θεσσαλονίκη may suit a mandate that weights that higher.
How robust is this recommendation?
Granada leads under all four archetype mandates — the recommendation is weight-stable.
Phase-2 diligence checklist
- Site-level grid connection capacity and power pricing (beyond country-grain energy data)
- Local incentives, tax regimes and permitting timelines
- Workforce depth for your specific roles (the talent pillar is a proxy)
- Real-estate availability, rents and land — public pan-EU data stops at the Nordics
This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.
Composite intelligence · 0–100 EU-percentile scores
Opportunity Indexscale + growth + access + structure
43.1
53.5
Resilience Indexdiversification, stability, buffers
20.5
45.3
Quality of Lifeprosperity, health, safety, environment
22.4
40.2
Clean AirPM2.5 / PM10 / NO₂ inverted
6.7
37.0
Connectivitytransit + air + market access
33.0
18.3
Talent & Human Capitalskills, learning, knowledge workers
37.3
46.8
Growth Momentumrecent GDP / employment trajectory
55.8
70.6
Trajectories · 2012–latest
Real GDP (2020 prices)
3.9% 5y
3.7% 5y
Population
0.4% 5y
0.5% 5y
Unemployment rate
8.7% 5y
8.2% 5y
Derived comparisons
GDP per capita
€18,174
€22,031
Population density
293 /km²
75 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 89 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€17,155M
€19,014M
GVA — agriculture, forestry & fishing (A)
€349M
€1,192M
GVA — industry (B–E)
€3,113M
€1,780M
GVA — manufacturing (C)
€2,517M
€1,058M
GVA — construction (F)
€345M
€1,245M
GVA — wholesale/retail, transport, ICT (G–J)
€4,548M
€4,848M
Net disposable household income per capita (NUTS-2 source) ·N2
€12,400
€14,700
GDP per capita in PPS (purchasing-power adjusted)
22,400 PPS
25,000 PPS
GDP per capita (current prices, EUR)
€18,100
€22,200
Gross fixed capital formation — investment (total economy) ·N2
€5,199M
€38,703M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€548M
€2,996M
Compensation of employees (total wage bill) ·N2
€11,333M
€98,864M
GVA — real estate activities (L)
€2,320M
—
GVA — information & communication (J)
€416M
—
GVA — finance, real estate & professional (K–N)
€4,063M
€4,840M
GVA — public admin, health & education (O–U)
€4,737M
€5,109M
Real GDP (constant 2020 prices, incl. short-term forecast)
€17,874M
€19,168M
Labour productivity per person employed (EUR)
€39,572
€64,983
Gross fixed capital formation, NUTS-3 (ARDECO)
€3,851M
€4,587M
Labour market
Employment, total persons
540,470
343,800
Self-employed persons
112,440
61,100
Employment in manufacturing (C)
58,040
18,300
Activity rate, 15–64 (NUTS-2 source) ·N2
70.7%
71.4%
Youth unemployment rate (15–24) ·N2
23.3%
32.7%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
11.7%
15.2%
Labour force aged 15+ (ARDECO)
516,800
455,100
Business demography
Active enterprises (business economy, all sizes)
94,881
65,018
Enterprise births
8,770
6,100
Enterprise deaths
4,112
5,514
3-year enterprise survival rate
4.9%
4.3%
Innovation & R&D
R&D expenditure as % of GDP ·N2
1.5%
1.1%
Employment in high-tech sectors (% of total) ·N2
3.7%
3.0%
R&D personnel (% of active population, FTE) ·N2
1.5%
0.8%
Education
Tertiary education attainment, age 25–64 ·N2
36.4%
36.7%
Tertiary attainment, age 25–34 (young talent pool) ·N2
44.3%
45.4%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
5.5%
13.7%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
21.3%
21.4%
Scientists & engineers (% of labour force) ·N2
7.9%
5.7%
Digital
Households with internet access ·N2
—
96.5%
Tourism
Nights spent at tourist accommodation (total)
3,801,464
7,842,609
Mobility
Passenger cars per 1,000 inhabitants ·N2
474 /1k
535 /1k
Road freight loaded (annual, thousand tonnes)
18,704 kt
27,576 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
2
676
Motorway density (km per 1,000 km²) ·N2
24 km/1000km²
31 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
0
72
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
21
137
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
1
0
Demography
Population aged 15–64 (working age)
708,030
630,521
Population aged 65+
236,674
188,641
Population aged under 15
137,139
126,635
Median age of population
46.3 yrs
45.1 yrs
Old-age dependency ratio (65+ / 15–64)
33.4%
29.9%
Crude rate of total population change
-2.2 /1k
6.4 /1k
Crude rate of net migration plus adjustment
2.0 /1k
8.0 /1k
Crude birth rate
6.5 /1k
7.0 /1k
Crude death rate
10.7 /1k
8.6 /1k
Live births
7,025
6,623
Deaths
11,551
8,117
Total age-dependency ratio (young+old / 15-64)
52.8%
50.0%
Total fertility rate (births per woman)
1.12
1.18
Population density (persons per km²)
305 /km²
75 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
759,701
723,814
Social
At risk of poverty or social exclusion (AROPE) ·N2
33.0%
34.7%
Life expectancy at birth ·N2
81.7 yrs
82.9 yrs
At-risk-of-poverty rate (regional) ·N2
24.2%
27.7%
Health
Hospital beds per 100k inhabitants ·N2
451 /100k
217 /100k
Mortality, all causes (age-standardised rate) ·N2
1,185 /100k
972 /100k
Cancer mortality (age-standardised rate) ·N2
244 /100k
217 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.8 /100k
1.0 /100k
Robberies per 100k inhabitants
32.8 /100k
71.1 /100k
Burglaries per 100k inhabitants
264 /100k
263 /100k
Thefts per 100k inhabitants
948 /100k
233 /100k
Road traffic deaths per million inhabitants ·N2
50 /M
41 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.56
1.14
Regulatory quality, WGI score -2.5..2.5 (country)
0.42
0.84
Rule of law, WGI score -2.5..2.5 (country)
0.49
0.96
Control of corruption, WGI score -2.5..2.5 (country)
0.32
0.78
Political stability & absence of violence, WGI score (country)
0.24
0.16
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.143/kWh
€0.106/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.039/kWh
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
70 m
1,015 m
Hot days ≥30°C (avg per year)
70 days/yr
85 days/yr
Frost days ≤0°C (avg per year)
23 days/yr
34 days/yr
Heavy-precipitation days ≥20mm (avg per year)
7 days/yr
2 days/yr