Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.11 1.1 1.09
Stock Market (points) 778.42 710 698 687 676 654
Government Bond 10Y (%) 3.84 4.21 4.35 4.49 4.63 4.94
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -0.10 0.5 0.5 0.4 0.5 0.6
GDP Annual Growth Rate (%) 1.60 1.9 2 2.3 2.2 1.9
Unemployment Rate (%) 18.50 17.1 16.5 15.9 15.7 15.1
Inflation Rate (%) 0.90 0.8 1.2 1.1 1.2 1.5
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) -1653.40 -1500 -1400 -1610 -2100 -1630
Current Account (EUR Million) -990.00 1000 1600 -920 -1100 -780
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.6 -2.8 -2.8
Government Debt to GDP (%) 178.60 174 174 174 172 172
Government Budget (% of GDP) 0.80 -0.1 -0.1 -0.1 0.2 0.2
Business Confidence (Index Points) 101.30 100 101 102 104 105
Manufacturing PMI 54.70 51.6 52.5 52 52.5 53.4
Consumer Confidence (Index Points) -31.60 -34 -28 -22 -20 -17
Retail Sales MoM (%) -1.80 0.8 -0.6 1.1 -0.7 0.9
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -0.10 0.5 0.5 0.4 0.5 0.6
GDP Annual Growth Rate (%) 1.60 1.9 2 2.3 2.2 1.9
GDP (USD Billion) 200.29 215 215 215 222 222
GDP Constant Prices (EUR Million) 47811.90 48379 51992 48912 48864 49841
Gross Fixed Capital Formation (EUR Million) 4981.44 6099 5220 5096 5091 5193
GDP per capita (USD) 23027.41 23800 23800 23800 24500 24500
GDP per capita PPP (USD) 24574.38 25900 25900 25900 26200 26200
GDP From Agriculture (EUR Million) 1946.04 1966 1949 1991 1989 2029
GDP From Construction (EUR Million) 2381.65 1147 1305 2436 2434 2483
GDP From Mining (EUR Million) 4931.90 5112 5203 5045 5040 5141
GDP From Public Administration (EUR Million) 9169.67 9251 9053 9381 9371 9559
GDP From Services (EUR Million) 8592.63 9768 12454 8790 8782 8957
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 18.50 17.1 16.5 15.9 15.7 15.1
Unemployed Persons (Thousand) 924.89 750 780 790 750 710
Employment Rate (%) 80.37 82.7 82.9 83.2 83.4 83.6
Long Term Unemployment Rate (%) 13.10 12.5 12 11.5 11 9.5
Youth Unemployment Rate (%) 39.70 36.4 35.4 34.4 33.6 30.6
Labour Costs (Index Points) 93.50 90.2 78.6 96.2 89.4 96.6
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.74 10.69 10.69 10.71 10.68 10.68
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 51.70 52.8 52.8 52.9 53 53.2
Living Wage Family (EUR/Month) 1070.00 1070 1070 1070 1200 1200
Living Wage Individual (EUR/Month) 595.00 620 620 620 650 650
Wages High Skilled (EUR/Month) 1510.00 1600 1600 1600 1650 1650
Wages Low Skilled (EUR/Month) 717.00 800 800 800 840 840
Employment Change (%) 0.00 0.4 0.1 0.5 0.3 0.5
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.90 0.8 1.2 1.1 1.2 1.5
Consumer Price Index CPI (Index Points) 107.08 109 109 108 106 110
Core Consumer Prices (Index Points) 97.50 101 101 101 98.38 102
Core Inflation Rate (%) 0.20 0.5 0.7 0.7 0.9 1.2
Producer Prices (Index Points) 106.10 108 110 105 108 106
Producer Prices Change (%) 3.10 0.5 1 1.2 1.4 1.5
Inflation Rate Mom (%) 1.80 0.8 1.6 0.1 1 0.2
CPI Housing Utilities (Index Points) 120.84 120 121 122 122 124
CPI Transportation (Index Points) 125.44 130 127 123 122 125
Food Inflation (%) 1.40 1.8 1.8 2.2 2 2
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.33 -0.31 -0.31 -0.31 -0.06 -0.06
Money Supply M2 (EUR Million) 172447.00 184000 177355 187000 187000 199000
Banks Balance Sheet (EUR Million) 287333.67 318000 278605 325000 325000 342000
Loans to Private Sector (EUR Million) 82766.84 91500 80878 95700 95700 101000
Loan Growth (%) -1.40 0.5 0.7 0.6 0.9 1.5
Private Debt to GDP (%) 131.90 125 125 125 119 119
Central Bank Balance Sheet (EUR Million) 109964.00 125000 107038 137000 137000 151000
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) -1653.40 -1500 -1400 -1610 -2100 -1630
Current Account (EUR Million) -990.00 1000 1600 -920 -1100 -780
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.6 -2.8 -2.8
Imports (EUR Million) 4303.80 4240 4250 4520 5050 4680
Exports (EUR Million) 2650.40 2770 2870 2910 2950 3050
External Debt (EUR Million) 403410.77 418000 420000 426000 430000 436000
Tourism Revenues (EUR Million) 209.08 2450 2850 275 238 320
Tourist Arrivals (persons) 448274.00 2791000 1848800 433000 386000 465000
Crude Oil Production (BBL/D/1K) 5.00 5 5 5 5 5
Foreign Direct Investment (EUR Million) 301.60 690 300 360 710 400
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 178.60 174 174 174 172 172
Government Budget (% of GDP) 0.80 -0.1 -0.1 -0.1 0.2 0.2
Government Spending (EUR Million) 11112.20 9686 9663 11368 11357 11584
Government Spending to GDP (%) 48.00 46 46 46 44 44
Government Debt (EUR Million) 358948.65 364000 365000 367000 367000 369000
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 40.06 40.06 40.06 40.06 40.06 40.06
Social Security Rate For Companies (%) 24.06 24.06 24.06 24.06 24.06 24.06
Social Security Rate For Employees (%) 16.00 16 16 16 16 16
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 101.30 100 101 102 104 105
Manufacturing PMI 54.70 51.6 52.5 52 52.5 53.4
Industrial Production (%) 2.30 2.4 1.5 2.5 2 1.9
Industrial Production Mom (%) -2.70 1.8 -2 1.4 -0.7 1.2
Manufacturing Production (%) 3.10 2.2 1.7 2.4 2 1.7
Car Registrations 9517.00 10900 7500 7840 12100 8650
Mining Production (%) 8.90 1.7 2 1.5 1.1 1.4
Steel Production (Thousand Tonnes) 120.00 130 127 130 130 136
Electricity Production (Gigawatt-hour) 3958.00 4400 4134 5200 5200 5150
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -31.60 -34 -28 -22 -20 -17
Retail Sales MoM (%) -1.80 0.8 -0.6 1.1 -0.7 0.9
Retail Sales YoY (%) -2.90 1.7 2.1 1.7 2 1.8
Consumer Spending (EUR Million) 32328.30 33318 33617 33072 33040 33700
Private Sector Credit (EUR Million) 169732.12 197000 166742 201000 201000 215000
Bank Lending Rate (%) 4.45 4.68 4.68 4.68 4.93 4.93
Consumer Credit (EUR Million) 18406.35 21202 20976 18933 18811 19292
Gasoline Prices (USD/Liter) 1.78 1.67 1.63 1.59 1.55 1.55
Households Debt To GDP (% of GDP) 53.60 52.5 52.5 52.5 51.9 51.9
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 60.50 63 64 64 64.5 66
Building Permits 853.00 1290 1150 1890 1450 2740
Home Ownership Rate (%) 73.30 72.7 72.7 72.7 72.4 72.4


This page has economic forecasts for Greece including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Greece economy.