| Email | Print
Heraklion is one of the fastest-growing cities in Greece, having seen its population swell 10% in the last decade. It has grown geographically as well by absorbing four surrounding communities in 2011 into a new Municipality of Heraklion. But that growth has taken place against a backdrop of severe economic distress. The economic crisis that began in 2008 has forced layoffs of employees and business closings. Heraklion’s economy is dominated by tourism, which has seen declines from economic ills across Europe and social unrest by austerity-battered Greeks. As a result, Crete’s unemployment rate in 2012 was the lowest in Greece – but still topped 20%.