The Greek economy continues its growth trajectory, as the Economist’s annual ranking places Greece in third place globally alongside Denmark, up from first place last year.

Spain tops the list this year, with Ireland coming in second.

According to the Economist, the rise of the Mediterranean economies continues for the third consecutive year, and it is notable that Greece and Italy, the other emblematic of the Eurozone’s woes, are continuing their strong recovery.

Ireland, which has attracted many tech companies, and Denmark, home of Novo Nordisk’s Ozempic, round out the top five.

Meanwhile, northern Europeans are disappointing, with sluggish performances from Britain and Germany.

The Baltic duo of Latvia and Estonia are at the bottom, a position they also occupied in 2022.

Israel emerged as another standout, according to OECD data, as its strong growth largely reflects a recovery from a sharp recession  in the last quarter of 2023, when its war with Hamas began.