Markets Actual Q4 Q1 Q2 Q3 2023
Currency 1.04 1.02 1.01 0.99 0.97 0.94
Stock Market (points) 724.01 697 672 647 624 580
Government Bond 10Y (%) 2.26 2.49 2.74 3.01 3.31 4.01

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) -0.20 -0.3 0.2 0.5 0.1 0.3
GDP Annual Growth Rate (%) 3.10 2.5 1.1 0.5 0.7 1.6
Unemployment Rate (%) 3.70 4.4 4.8 5.1 4.9 4.3
Inflation Rate (%) 14.30 14 9.9 7.2 4.5 3.6
Interest Rate (%) 2.00 2.5 3 3.5 3.5 3.5
Balance of Trade (EUR Million) 8428.00 3040 6200 4900 9380 4450
Current Account (EUR Million) 7488.00 14500 16900 14800 16500 18800
Current Account to GDP (% of GDP) 9.00 7.2 6.8 6.8 6.8 6.8
Government Debt to GDP (% of GDP) 52.40 49.6 48.8 48.8 48.8 48.8
Government Budget (% of GDP) -2.60 -1.1 -2.6 -2.6 -2.6 -2.6
Business Confidence (points) 3.00 1.5 -1 -4 -3.2 -0.8
Consumer Confidence (points) -57.00 -60 -40 -30 -12 -18
Retail Sales MoM (%) 0.80 -1.6 0.5 0.8 -0.4 0.8
Corporate Tax Rate (%) 25.80 21.7 25.8 25.8 25.8 25.8
Personal Income Tax Rate (%) 49.50 49.5 49.5 49.5 49.5 49.5

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) -0.20 -0.3 0.2 0.5 0.1 0.3
GDP Annual Growth Rate (%) 3.10 2.5 1.1 0.5 0.7 1.6
GDP (USD Billion) 1018.01 1200 980 980 980 980
GDP Constant Prices (EUR Million) 199985.60 199851 197988 201846 201385 203049
Gross National Product (EUR Million) 187553.61 189344 189330 188491 188866 192374
Gross Fixed Capital Formation (EUR Million) 42015.00 41923 41243 43221 42309 42593
GDP per Capita (USD) 48424.09 50600 47900 47900 47900 47900
GDP per Capita PPP (USD) 56761.01 58700 55900 55900 55900 55900
Full Year GDP Growth (%) 5.00 4 1 1 1 1
GDP from Agriculture (EUR Million) 3495.00 3293 3175 2656 3519 3346
GDP from Construction (EUR Million) 7817.89 8559 9617 9545 7873 8696
GDP from Manufacturing (EUR Million) 21802.00 24301 22642 23254 21955 24690
GDP from Mining (EUR Million) 876.58 978 1102 937 883 994
GDP from Public Administration (EUR Million) 13193.00 13472 11546 13259 13285 13687
GDP from Services (EUR Million) 37417.21 37701 35599 38980 37679 38304
GDP from Transport (EUR Million) 884.00 8664 8114 888 890 8803
GDP from Utilities (EUR Million) 1034.00 1242 1048 1144 1041 1262

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 3.70 4.4 4.8 5.1 4.9 4.3
Labour Costs (points) 126.10 111 119 115 126 120
Wages (EUR/Month) 3042.00 3109 3066 3048 3057 3137
Wages in Manufacturing (points) 128.30 127 127 127 129 129
Wage Growth (%) 3.47 2.2 0.8 0.2 0.5 0.9
Minimum Wages (EUR/Month) 1756.00 1756 1775 1775 1795 1795
Population (Million) 17.48 17.8 18 18 18 18
Retirement Age Women 66.58 66.58 66.58 66.58 66.58 66.58
Retirement Age Men 66.58 66.58 66.58 66.58 66.58 66.58
Labor Force Participation Rate (%) 75.10 74.4 74.1 73.9 74 73.8

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 14.30 14 9.9 7.2 4.5 3.6
Consumer Price Index CPI (points) 128.25 130 131 128 133 135
Harmonised Consumer Prices (points) 130.92 130 133 129 135 135
Core Consumer Prices (points) 116.89 116 115 116 117 118
Core Inflation Rate (%) 5.70 5.5 3.8 2.9 1.5 1.9
Producer Prices (points) 142.60 152 164 170 160 165
Inflation Rate MoM (%) 1.10 0.6 1 0.3 0.9 0.5
Producer Prices Change (%) 21.20 24 20.4 17 12.2 8.9
Food Inflation (%) 12.70 12 7.6 4.5 3.2 2.2
CPI Housing Utilities (points) 149.47 139 147 134 156 144
CPI Transportation (points) 128.70 129 131 131 132 133

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 2.00 2.5 3 3.5 3.5 3.5
Interbank Rate (%) 1.00 2.25 2.75 3.25 3.25 3.25
Private Debt to GDP (%) 281.30 285 291 291 291 291

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (EUR Million) 8428.00 3040 6200 4900 9380 4450
Current Account (EUR Million) 7488.00 14500 16900 14800 16500 18800
Current Account to GDP (% of GDP) 9.00 7.2 6.8 6.8 6.8 6.8
Imports (EUR Million) 58941.00 56860 59000 63400 56820 60550
Exports (EUR Million) 67369.00 59900 65200 68300 66200 65000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 52.40 49.6 48.8 48.8 48.8 48.8
Government Budget (% of GDP) -2.60 -1.1 -2.6 -2.6 -2.6 -2.6
Government Spending (EUR Million) 49437.00 51037 50000 49809 49783 51853
Government Spending to GDP (% of GDP) 47.00 45.7 46 46 46 46
Government Revenues (USD Billion) 66.00 65.4 72.8 64.3 63.8 58.4
Fiscal Expenditure (EUR Billion) 66.00 58.6 66.3 71.2 82.3 65.1
Government Budget Value (EUR Billion) 0.00 -10.3 6.8 6.5 -6.9 -6.7

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 25.80 21.7 25.8 25.8 25.8 25.8
Personal Income Tax Rate (%) 49.50 49.5 49.5 49.5 49.5 49.5
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 51.24 51.24 51.24 51.24 51.24 51.24
Social Security Rate For Companies (%) 23.59 23.59 23.59 23.59 23.59 23.59
Social Security Rate For Employees (%) 27.65 27.65 27.65 27.65 27.65 27.65

Business Actual Q4 Q1 Q2 Q3 2023
Business Confidence (points) 3.00 1.5 -1 -4 -3.2 -0.8
Manufacturing Production (%) 4.60 0.5 -3.2 -4 -2.6 -1.7
Manufacturing PMI (points) 47.90 48 46 47.5 49.2 51.5

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) -57.00 -60 -40 -30 -12 -18
Retail Sales MoM (%) 0.80 -1.6 0.5 0.8 -0.4 0.8
Retail Sales YoY (%) 4.20 1.2 0.3 -1.8 -4.3 -3.8
Consumer Spending (EUR Million) 85199.00 85457 85389 85651 85795 86825
Disposable Personal Income (EUR Million) 399129.00 409107 403519 401125 401923 415653
Bank Lending Rate (%) 1.29 1.79 2.29 2.79 2.79 2.79
Personal Spending (%) 2.20 2.5 0.9 0.2 -0.8 -1.2
Gasoline Prices (USD/Liter) 2.14 2.27 2.36 2.45 2.54 2.73
Consumer Credit (EUR Million) 10129.00 10382 10240 10180 10200 10548

Housing Actual Q4 Q1 Q2 Q3 2023
Housing Index (points) 186.70 200 202 202 196 208