PIRAEUS PORT AND CITY: A COMPREHENSIVE ANALYSIS OF CORRELATIONS AND DEPENDENCIES

Background:The Piraeus city-port area constitutes one of the most important economic hubs in Greece, the largest port in the country. This study focuses on the examination of the city-port, exploring whether it can be a harmonious or a rivalry relationship, considering several economic and technical aspects of the two entities.
Aim: This study seeks to assess the economic impact of the port on the city and vice versa by examining the regression between the macroeconomic data of the Piraeus region and the economic data of the Piraeus Port Authority.
Methodology:Data from the annual financial balance sheets of the Piraeus Port Authority and data for the macroeconomic indicators of the city for the years 2010 to 2020 were used for statistical analysis. Linear regression models were employed for this analysis, using the statistical program IBM SPSS Statistics.
Conclusion:The results indicate significant relations and dependencies between the two data sets, highlighting the substantial contribution of the port to the local economy, and vice versa.