Economic Profile: Municipality of Kalamata

Investment Rating - The report does not explicitly provide an investment rating for the industry or municipality of Kalamata. Core Insights - Kalamata is positioned as a significant urban center in the Messinia region, with a population growth of 4.4% from 2011 to 2021, contrasting with an overall regional decline of 8.7% [17] - The municipality is experiencing a boost in tourism, particularly with investments in luxury tourism expected to reach €2.5 billion, which will enhance local employment and economic dynamics [12][13] - Agriculture remains a vital sector, with Kalamata olives accounting for 75% of the region's agri-food production, and the sector represents the largest share of enterprises in the municipality [14] - The local economy is diversifying with a focus on sustainability, tourism, agri-food, bioeconomy, and renewable energy as potential growth areas [15] Summary by Sections Quick Facts on Region and Municipal Area - Kalamata is the capital of Messinia, characterized by a low population density of 37.2 inhabitants per km² and rich historical sites [10] - The region is a development pole due to its cultural, educational contributions, and strategic location along major road networks [10] Demographics - The total population of the Messinia regional unit is 146,080, with Kalamata housing 72,906 residents, marking a 4.4% increase since 2011 [17] Human Capital/Labor Market - The potential labor catchment area of Kalamata includes approximately 64,347 individuals, with a labor force participation rate of 67.9% among adults aged 25 to 64 [19][21] - Educational attainment is moderate, with 60% of the workforce having completed secondary school or less [22] Structural Composition of the Economy - As of 2020, there were 11,436 registered enterprises in Kalamata, with a business density of 157 enterprises per 1,000 inhabitants, significantly higher than the European average [36] - Micro and small-to-medium enterprises (MSMEs) account for at least 91% of total registered enterprises, with agriculture, forestry, and fisheries being the largest sector [36][37] Sectoral Analysis - Over 70% of employment is concentrated in four sectors: accommodation and food service activities (20.3%), wholesale and retail trade (20.2%), agriculture (14.5%), and education (14.2%) [38] - Employment in accommodation and food services grew by 47% from 2015 to 2020, while wholesale and retail trade increased by 36% [39] Economic Performance - The municipality's economy is benefiting from significant investments in tourism and infrastructure, which are expected to enhance local employment opportunities [12][13] Private Sector Investments - The report highlights ongoing investments in luxury tourism and infrastructure improvements, including airport connectivity and road enhancements [12][13] Research and Innovation - Kalamata hosts several educational institutions, including the University of Peloponnese, which contributes to the local labor market and innovation [23] Development Opportunities - Future growth areas identified include tourism, agri-food, bioeconomy, and renewable energy, aligning with the municipality's sustainability goals [15]