June 2007

RESULTS FACT SHEET INDICATOR SE-Β-2: MARKET SIZE

DEFINITION - OBJECTIVE

This indicator records the Gross Domestic Product (GDP) of Regions and Prefectures in Zone IV. This indicator is considered to express the GDP that is accessible by the Egnatia motorway and its vertical axes system, as an indication of the size of the market that is potentially integrated by the operation of this system. The indicator is a quantitative assessment of the potential impact of the Egnatia motorway on the regional economy due to impacts on the increase of mobility of production factors and the improvement of market accessibility.

RESULTS - ASSESSMENT

MARKET SIZE OF REGIONS OF GREECE, 2004 (GDP in million PPS) CONTRIBUTION(%) CONTRIBUTION NUTS REGION Euro PPS TO GREEK GDP (%) TO ZONE (PPS) IV GDP (PPS) gr11 Eastern Macedonia and Thrace 6,173.60 7,399.60 3.67% 13.49% gr12 Central Macedonia 23,372.30 28,013.90 13.88% 51.06% gr13 West Μacedonia 3,313.20 3,971.10 1.97% 7.24% gr14 Thessalia 8,778.40 10,521.70 5.21% 19.18% gr21 Epirus 4,136.50 4,958.00 2.46% 9.04% znIV IMPACT ZONE IV 45,774.00 54,864.30 27.18% 100.00% gr22 Ionian Islands 3,020.80 3,620.70 1.79% gr23 West Greece 7,148.70 8,568.40 4.24% gr24 Sterea Ellada 8,634.00 10,348.60 5.13% gr25 Peloponnisos 7,417.60 8,890.70 4.40% gr31 Attica 80,006.30 95,895.00 47.50% gr41 North Aegean 2,203.40 2,641.00 1.31% gr42 South Aegean 5,535.20 6,634.40 3.29% gr43 Crete 8,677.30 10,400.50 5.15% gr TOTAL OF GREECE 168,417.20 201,863.60 100.00% Row data source: Eurostat 03/2007

1

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

MARKET SIZE OF REGIONS AND PREFECTURES IN IMPACT ZONE IV, 2004 (GDP in million PPS and in million Euros) CONTRIBUTION CONTRIBUTION CONTRIBUTION (%) TO NUTS REGION/ PREFECTURE Euro PPS (%) TO GREEK (%) TO ZONE IV REGIONAL GDP GDP (PPS) GDP (PPS) (PPS) gr11 Eastern Macedonia and Thrace 6,173.60 7,399.60 3.67% 13.49% 100% gr111 EVROS 1,616.10 1,937.10 0.96% 3.53% 26.18% gr112 XANTHI 1,082.40 1,297.30 0.64% 2.36% 17.53% gr113 RODOPI 1,006.70 1,206.60 0.60% 2.20% 16.31% gr114 DRAMA 900.10 1,078.80 0.53% 1.97% 14.58% gr115 KAVALA 1,568.30 1,879.80 0.93% 3.43% 25.40% gr12 Central Macedonia 23,372.30 28,013.90 13.88% 51.06% 100% gr121 IMATHIA 1,562.90 1,873.30 0.93% 3.41% 6.69% gr122 THESSALONIKI 15,340.80 18,387.40 9.11% 33.51% 65.64% gr123 ΚILKIS 1,060.60 1,271.20 0.63% 2.32% 4.54% gr124 PELLA 1,345.90 1,613.20 0.80% 2.94% 5.76% gr125 PIERIA 1,319.70 1,581.80 0.78% 2.88% 5.65% gr126 SERRES 1,533.60 1,838.20 0.91% 3.35% 6.56% gr127 CHALKIDIKI 1,208.80 1,448.90 0.72% 2.64% 5.17% gr13 West Μacedonia 3,313.20 3,971.10 1.97% 7.24% 100% gr131 GREVENA 309.30 370.70 0.18% 0.68% 9.33% gr132 KASTORIA 524.80 629.00 0.31% 1.15% 15.84% gr133 KOZANI 1,908.70 2,287.70 1.13% 4.17% 57.61% gr134 FLORINA 570.40 683.70 0.34% 1.25% 17.22% gr14 Thessalia 8,778.40 10,521.70 5.21% 19.18% 100% gr141 ΚΑRDITSA 1,023.90 1,227.30 0.61% 2.24% 11.7% gr142 LARISSA 3,620.60 4,339.70 2.15% 7.91% 41.3% gr143 ΜΑGNISIA 2,854.30 3,421.10 1.69% 6.24% 32.5% gr144 ΤRIKALA 1,279.60 1,533.70 0.76% 2.80% 14.6% gr21 Epirus 4,136.50 4,958.00 2.46% 9.04% 100% gr211 ΑRTA 623.30 747.10 0.37% 1.36% 15.07% gr212 THESPROTIA 510.80 612.20 0.30% 1.12% 12.35% gr213 ΙOANNINA 2,331.20 2,794.20 1.38% 5.09% 56.36% gr214 ΠΡΕΒΕΖΑΣ 671.20 804.50 0.40% 1.47% 16.23% znIV IMPACT ZONE IV 45,774.00 54,864.30 27.18% 100.00% gr TOTAL OF GREECE 168,417.20 201,863.60 100.00%

Row data source: Eurostat 03/2007

2

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Market size according to the GDP 1995-2004 Comparison between Impact Zone IV and Greece

250.000

200.000

150.000

100.000

50.000

0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

IMPACT ZONE IV

GREECE

ANNUAL GDP CHANGE RATE in REGIONS, 1996-2000 & 2000-2004 (In million Euros and fixed prices 1995) 1996- 2000- NUTS REGION 1996 2000 2004 2000 2004 gr11 Eastern Macedonia and Thrace 4,678.65 5,899.13 8,161.50 5.97% 8.45% gr12 Central Macedonia 18,231.20 21,596.56 30,898.18 4.33% 9.37% gr13 West Macedonia 2,850.05 3,100.86 4,380.05 2.13% 9.02% gr14 Thessaly 6,410.66 7,607.59 11,605.04 4.37% 11.13% gr21 Epirus 2,342.36 3,573.42 5,468.45 11.14% 11.22% znIV IMPACT ZONE IV 34,512.92 41,777.55 60,513.23 4.89% 9.71% gr22 Ionian Islands 1,698.89 2,648.27 3,993.50 11.74% 10.81% gr23 Western Greece 5,833.54 6,745.67 9,450.58 3.70% 8.79% gr24 Central Greece 8,385.70 8,225.42 11,414.15 -0.48% 8.54% gr25 Peloponnisos 5,185.80 7,119.30 9,806.07 8.24% 8.33% gr31 Αttiki 38,268.65 67,733.68 105,768.33 15.34% 11.79% gr41 Northern Aegean 1,677.59 1,956.45 2,912.89 3.92% 10.46% gr42 Southern Aegean 3,128.54 4,958.84 7,317.53 12.20% 10.22% gr43 Crete 5,649.51 7,639.15 11,471.39 7.83% 10.70% gr TOTAL OF GREECE 104,341.14 148,804.46 222,647.54 9.28% 10.60% Data Source: Eurostat 03/2007

3

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Annual GDP change rate1995-2004 Comparison of the Egnatia’s motorway Impact Zone with the total of Greece

25,00%

20,00%

15,00%

10,00%

5,00%

0,00%

-5,00%

-10,00% 95-96 96-97 97-98 98-99 99-00 00-01 01-02 02-03 03-04

IMPACT ZONE IV GREECE

In 2004, the total GDP in the 5 Regions of Zone ΙV was € 50,513.23 mil, approx. 1/4 of the total national GDP. On the basis of constant 1995 prices in the period 1995- 2004 the GDP changed with generally increasing rates. For years 1996-2000 the GDP increase rate in Zone IV was half the GDP increase rate of Greece, while in 2000-04 it was at the same levels. In 2004 Central Macedonia produced 51.06% of the GDP in Zone IV, followed by Thessaly (19.18%) and Eastern Macedonia & Thrace (13.49%). Western Macedonia and Epirus have the smallest contribution to the GDP of Zone IV (9.04% and 7.24% respectively). In the period 1996–2000, just the Region of Epirus had an average annual change rate higher than the Greek one, while the rest Regions had significant smaller change rate than the Greek. In the 5-year period 2000-2004 the average annual change of the GDP had improved importantly in all the Regions of the Zone. Epirus and Thessalia had a better performance than the Greek average, while the rest three Regions approached the Greek average. At the Prefecture level, the Prefecture of Thessaloniki contributes the highest percentage (over 1/3) to the GDP of Impact Zone IV. The rest of the Prefectures contribute with percentages ranging from 0.5-2% (Grevena, Thesprotia, Κastoria, Florina, Arta, Preveza, and Drama Prefectures), from 2-5% (the majority of the remaining Prefectures) and from 5-8% (Prefectures of Ioannina, Larissa and Magnisia). In the period 1996-2000 the following Prefectures had the higher change rate: Ioannina (13.07%) Thesprotia (12.55%), Preveza (11.68%), Rodopi (10.30%) and Evros (10.24%). The rest of the Prefectures had a performance lower than the Greek. 4

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Prefectures of Kozani and Karditsa had a reduction or a zero increase of the annual GDP change rate in fixed prices. In the years 2000-2004 the average annual GDP change rate is higher than the national respective rate in the Prefectures of Ioannina (13.39%) Magnisia (11.68%) Trikala (11.27%) Larissa (11.17%) and Thessaloniki (10.64%). The majority of the rest of the Prefectures has a performance ranging from 7-10% (min. Chalkidiki 7% and max. Thesprotia 10%) while the Prefectures of Serres and Imathia have the lowest GDP change rate (5.74% and 5.87% respectively). All Prefectures of Zone IV increased their GDP in the 5-years time of 2000-2004. Finally, for the whole time period of 1996-2004 the best performance in level of average annual GDP change rate was noted in the Prefectures of Ioannina (13.23%) and Thesprotia (12.55%), while the respective average rates are 9.94% for Greece and 7.27% for the whole of Zone IV. The worst performances were those of the Prefectures of Karditsa, Kozani, Pella, Kastoria and Drama (less than5% change rate).

METADATA

Sources The rates of the GDP in PPS (Purchasing Power Standards) and Euros (current prices) as well as the deflators of the GDP, are taken from the Eurostat database, March 2007. It is noted that these data are different from the ones referred in the respective rate’s results fact sheets, which were based on the Eurostat update January 2006. Those differences are a result of the fact of that there were great revisions in the national and regional accounts in almost all the Member States, including Greece. (Detailed information about the methodological changes can be found in: «Changes to National Accounts in 2005» : http://epp.eurostat.cec.eu.int/cache/ITY_PUBLIC/NATIONAL_ACCOUNTS_2005/EN/N ATIONAL_ACCOUNTS_2005-EN.PDF, Sept. 2006). In some cases those changes were really important. The case of Thessalia, where there had been a remarkable upwards revision in years 2001 and 2002 mainly in the branches of Processing, Constructions, Education, Health and Social Welfare, is characteristic. All these result in changes in the development evaluation of the different Regions/Perfections in relation to all that are written in the respective rates’ result fact sheets, which were published by the Observatory in March 2006.

Μethodology The GDP in Zone IV is calculated as the sum of the GDP of the 5 Regions of the Zone: Epirus, West Macedonia, Central Macedonia, Eastern Macedonia, Thrace and Thessalia. The annual GDP change rate results from the application of the deflation

5

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE formula to constant GDP prices (1995 prices). The constant prices were calculated by using deflators calculated by Eurostat for each State. According to Εurostat (Eurostat, Statistics in Focus, Theme 2, 56/2002), comparing the finances at the cross-national and cross-regional levels on the basis of the GDP of a certain year should be done in Purchasing Power Standards (PPS). Nevertheless, the GDP in PPS should not be compared across years. Changes across years should be approached on the basis of the GDP in real terms, i.e. in constant prices, where the changes of prices across years are explicitly adapted.

6

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Map 1: Market size (GDP) per Region, 2004

7

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Map 2: Market size (GDP) per Prefecture, 2004

8

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Map 3: Annual rate of GDP change per Region, 2000-2004

9

RESULTS FACT SHEET June 2007 INDICATOR SE-Β-2:MARKET SIZE

Map 4: Annual rate of GDP change per Prefecture, 2000-2004

10