NUTS-3 EL651 · Greece
Population
166,0752025
GDP
€3,392M2023
Unemployment· NUTS-2 source
8.3%2025
Employment· NUTS-2 source
74.1%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
6,592.9 km²
TerraSight · Compare
2 regions side-by-side
EL651 · ITI35
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Fermo (Opportunity 35). Runner-up: Αργολίδα, Αρκαδία (26). Contrarian pick: Αργολίδα, Αρκαδία — leads the set on Cost advantage (EU pctl 84).
#1Fermo
Strengths
Industrial base (85) · Demographic outlook (71)
Red flags
Freight intensity (EU bottom 15%)
Long-run slide: down 27 EU ranks in real GDP per head since 1995 (relative decline, not absolute)
Strengths
Cost advantage (84) · Freight intensity (63)
Red flags
Connectivity (EU bottom 15%)
Governance (EU bottom 15%)
Why you might not pick Fermo
Freight intensity (EU bottom 15%); Long-run slide: down 27 EU ranks in real GDP per head since 1995 (relative decline, not absolute). Its weakest dimension is Freight intensity (EU pctl 7) — Αργολίδα, Αρκαδία may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Αργολίδα, Αρκαδία · Manufacturing → Fermo · Office → Fermo · Residential → Fermo.
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
25.5
34.6
Resilience Indexdiversification, stability, buffers
34.8
36.0
Quality of Lifeprosperity, health, safety, environment
31.3
40.1
Connectivitytransit + air + market access
9.5
20.7
Talent & Human Capitalskills, learning, knowledge workers
17.0
24.0
Growth Momentumrecent GDP / employment trajectory
36.6
34.4
Trajectories · 2012–latest
Real GDP (2020 prices)
1.1% 5y
3.4% 5y
Population
1.0% 5y
0.6% 5y
Unemployment rate
6.4% 5y
1.6% 5y
Derived comparisons
GDP per capita
€20,424
€29,463
Population density
25 /km²
193 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 86 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€2,960M
€4,419M
GVA — agriculture, forestry & fishing (A)
€371M
€89M
GVA — industry (B–E)
€845M
€1,322M
GVA — manufacturing (C)
€389M
€1,263M
GVA — construction (F)
€79M
€262M
GVA — wholesale/retail, transport, ICT (G–J)
€567M
€874M
Net disposable household income per capita (NUTS-2 source) ·N2
€12,100
€21,600
GDP per capita in PPS (purchasing-power adjusted)
24,100 PPS
30,500 PPS
GDP per capita (current prices, EUR)
€19,500
€29,300
Gross fixed capital formation — investment (total economy) ·N2
€1,939M
€11,341M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€94M
€1,925M
Compensation of employees (total wage bill) ·N2
€3,179M
€19,218M
GVA — real estate activities (L)
€409M
€559M
GVA — information & communication (J)
€32M
€59M
GVA — finance, real estate & professional (K–N)
€558M
€1,090M
GVA — public admin, health & education (O–U)
€541M
€783M
Real GDP (constant 2020 prices, incl. short-term forecast)
€2,969M
€4,462M
Labour productivity per person employed (EUR)
€43,460
€71,600
Gross fixed capital formation, NUTS-3 (ARDECO)
€770M
€1,148M
Labour market
Employment, total persons
84,810
70,700
Self-employed persons
37,330
20,700
Employment in manufacturing (C)
4,660
21,400
Activity rate, 15–64 (NUTS-2 source) ·N2
74.4%
71.3%
Youth unemployment rate (15–24) ·N2
28.5%
21.2%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
8.2%
5.1%
Labour force aged 15+ (ARDECO)
77,600
76,800
Business demography
Active enterprises (business economy, all sizes)
15,013
15,933
Enterprise births
977
1,079
Enterprise deaths
445
861
3-year enterprise survival rate
3.8%
3.7%
Innovation & R&D
R&D expenditure as % of GDP ·N2
1.1%
0.9%
Employment in high-tech sectors (% of total) ·N2
1.1%
2.5%
R&D personnel (% of active population, FTE) ·N2
0.7%
1.0%
Education
Tertiary education attainment, age 25–64 ·N2
25.8%
24.9%
Tertiary attainment, age 25–34 (young talent pool) ·N2
41.7%
32.8%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
2.6%
10.5%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
14.4%
17.3%
Scientists & engineers (% of labour force) ·N2
5.7%
5.2%
Digital
Households with internet access ·N2
—
94.6%
Tourism
Nights spent at tourist accommodation (total)
1,718,753
1,614,199
Mobility
Passenger cars per 1,000 inhabitants ·N2
208 /1k
718 /1k
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
—
3
Road freight loaded (annual, thousand tonnes)
5,674 kt
1,578 kt
Motorway density (km per 1,000 km²) ·N2
19 km/1000km²
20 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
—
2
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
149
85
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
0
2
Demography
Population aged 15–64 (working age)
100,141
102,906
Population aged 65+
45,864
45,534
Population aged under 15
20,070
18,517
Median age of population
50.5 yrs
50.5 yrs
Old-age dependency ratio (65+ / 15–64)
45.8%
44.2%
Crude rate of total population change
-7.3 /1k
-2.3 /1k
Crude rate of net migration plus adjustment
1.2 /1k
4.5 /1k
Crude birth rate
6.0 /1k
5.5 /1k
Crude death rate
14.4 /1k
12.2 /1k
Live births
994
911
Deaths
2,407
2,047
Total age-dependency ratio (young+old / 15-64)
65.8%
62.2%
Total fertility rate (births per woman)
1.29
1.07
Population density (persons per km²)
25 /km²
194 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
122,020
137,401
Social
At risk of poverty or social exclusion (AROPE) ·N2
38.1%
13.9%
Life expectancy at birth ·N2
81.8 yrs
84.4 yrs
At-risk-of-poverty rate (regional) ·N2
30.1%
12.0%
Health
Hospital beds per 100k inhabitants ·N2
239 /100k
284 /100k
Mortality, all causes (age-standardised rate) ·N2
1,000 /100k
865 /100k
Cancer mortality (age-standardised rate) ·N2
219 /100k
199 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.6 /100k
0.6 /100k
Robberies per 100k inhabitants
1.2 /100k
23.2 /100k
Burglaries per 100k inhabitants
53.2 /100k
—
Thefts per 100k inhabitants
435 /100k
870 /100k
Road traffic deaths per million inhabitants ·N2
88 /M
49 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.56
0.72
Regulatory quality, WGI score -2.5..2.5 (country)
0.42
0.60
Rule of law, WGI score -2.5..2.5 (country)
0.49
0.57
Control of corruption, WGI score -2.5..2.5 (country)
0.32
0.57
Political stability & absence of violence, WGI score (country)
0.24
0.41
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.143/kWh
€0.159/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.039/kWh
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
662 m
259 m
Hot days ≥30°C (avg per year)
53 days/yr
35 days/yr
Frost days ≤0°C (avg per year)
23 days/yr
18 days/yr
Heavy-precipitation days ≥20mm (avg per year)
5 days/yr
7 days/yr