Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.17 1.17 1.16 1.16 1.15 1.14
Stock Market (points) 873.10 880 848 817 787 731
Government Bond 10Y (%) 0.82 0.86 0.9 0.95 0.99 1.09

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.40 3.8 1.2 0.6 0.5 0.5
GDP Annual Growth Rate (%) 16.20 8.2 4.2 3.4 4 3.6
Unemployment Rate (%) 14.20 14.9 15 15.4 14.8 14.2
Inflation Rate (%) 1.90 1.9 2.2 2.4 1.9 0.8
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -2119.40 -1640 -1610 -1740 -1300 -1420
Current Account (EUR Million) 538.00 -870 -920 -880 750 -780
Current Account to GDP (% of GDP) -6.70 -7.6 -7.6 -5.3 -5.3 -5.3
Government Debt to GDP (% of GDP) 205.60 209 209 202 202 202
Government Budget (% of GDP) -9.70 -10 -10 -3 -3 -3
Business Confidence (points) 113.00 114 111 110 110 109
Manufacturing PMI (points) 59.30 58.5 55.1 54.4 54.7 54.6
Consumer Confidence (points) -35.10 -36 -18 -14 -16 -12
Retail Sales MoM (%) 5.00 -1.6 0.7 0.8 0.9 0.6
Corporate Tax Rate (%) 24.00 24 29 24 24 24
Personal Income Tax Rate (%) 44.00 44 45 44 44 44

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.40 3.8 1.2 0.6 0.5 0.5
GDP Annual Growth Rate (%) 16.20 8.2 4.2 3.4 4 3.6
GDP (USD Billion) 189.41 200 200 245 245 245
GDP Constant Prices (EUR Million) 45201.40 49078 44992 41890 47009 46611
Gross Fixed Capital Formation (EUR Million) 5280.93 5094 5075 5234 5492 5257
GDP per capita (USD) 21577.21 23200 23200 23900 23900 23900
GDP per capita PPP (USD) 27287.08 29100 29100 30000 30000 30000
GDP From Agriculture (EUR Million) 1881.77 2019 1974 1860 1957 2045
GDP From Construction (EUR Million) 769.09 768 1018 710 800 1055
GDP From Mining (EUR Million) 6204.60 6560 5895 5938 6453 6107
GDP From Public Administration (EUR Million) 8210.90 8348 8412 8413 8539 8714
GDP From Services (EUR Million) 9328.70 10999 8296 7186 9702 8594

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 14.20 14.9 15 15.4 14.8 14.2
Employed Persons (Thousand) 4091.15 3710 3780 3820 3860 3920
Unemployed Persons (Thousand) 643.42 770 760 770 750 720
Employment Rate (%) 86.41 82 82.3 82.6 82.9 84.8
Long Term Unemployment Rate (%) 10.00 9 9.1 9.5 8.9 8.4
Youth Unemployment Rate (%) 37.60 36.6 36.7 37.1 36.5 36
Labour Costs (points) 95.10 101 104 105 104 106
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.72 10.7 10.7 10.67 10.67 10.67
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 51.30 52 52.2 52 52.3 52.6
Productivity (points) 107.50 105 105 104 106 107
Employment Change (%) -1.70 0.4 0.6 0.5 0.4 0.4

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.90 1.9 2.2 2.4 1.9 0.8
Harmonised Consumer Prices (points) 100.68 103 103 103 104 104
Consumer Price Index CPI (points) 105.24 107 108 108 109 108
Core Consumer Prices (points) 95.36 98.25 103 97.26 98.66 99.59
Core Inflation Rate (%) -0.50 0.6 1 1.2 1.1 1.4
GDP Deflator (points) 98.44 102 101 101 100 101
Producer Prices (points) 108.30 105 105 110 112 108
Producer Prices Change (%) 13.00 10.5 8.2 6.5 4.3 2.5
Inflation Rate Mom (%) -0.10 1.9 0.5 0.4 0.5 0.4
CPI Housing Utilities (points) 118.27 115 118 120 120 119
CPI Transportation (points) 125.26 119 119 125 127 120
Food Inflation (%) 3.00 0.5 1 1.4 1.2 1.6

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.33 -0.33 0.44 -0.33 -0.33 -0.33
Banks Balance Sheet (EUR Million) 329872.80 334000 342000 347800 351000 355000
Loans to Private Sector (EUR Million) 65365.62 82932 78085 76899 70965 81364
Private Debt to GDP (%) 139.40 130 130 127 127 127
Loan Growth (%) 13.80 12.5 7.5 6.2 4 4.2
Central Bank Balance Sheet (EUR Million) 213076.00 211000 209000 212000 208000 209000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) -2119.40 -1640 -1610 -1740 -1300 -1420
Current Account (EUR Million) 538.00 -870 -920 -880 750 -780
Current Account to GDP (% of GDP) -6.70 -7.6 -7.6 -5.3 -5.3 -5.3
Imports (EUR Million) 5651.20 4400 4690 5190 4500 4700
Exports (EUR Million) 3530.20 2760 3080 3450 3200 3280
External Debt (EUR Million) 503573.83 504000 501000 504200 502900 497000
Capital Flows (EUR Million) -402.78 420 -800 -570 780 -760
Tourism Revenues (EUR Million) 2275.34 1800 190 295 1950 250
Tourist Arrivals (persons) 88101.00 2420000 308000 306200 2950000 445000
Foreign Direct Investment (EUR Million) 578.80 560 320 -180 290 290

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 205.60 209 209 202 202 202
Government Budget (% of GDP) -9.70 -10 -10 -3 -3 -3
Government Budget Value (EUR Million) -293.50 -9900 -11670 -1300 -7000 30
Government Spending (EUR Million) 9322.70 10280 11820 10540 10200 9980
Government Spending to GDP (% of GDP) 60.70 59 59 52 52 52
Government Revenues (EUR Million) 26955.00 38100 57430 17600 29200 64430
Government Debt (EUR Million) 387328.87 385000 387000 385000 383000 384000
Fiscal Expenditure (EUR Million) 39482.00 48000 69100 18900 36200 64400

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 24.00 24 29 24 24 24
Personal Income Tax Rate (%) 44.00 44 45 44 44 44
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 36.66 36.66 40.06 36.66 36.66 36.66
Social Security Rate For Companies (%) 22.54 22.54 24.06 22.54 22.54 22.54
Social Security Rate For Employees (%) 14.12 14.12 16 14.12 14.12 14.12

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 113.00 114 111 110 110 109
Manufacturing PMI (points) 59.30 58.5 55.1 54.4 54.7 54.6
Industrial Production (%) 7.80 3.6 5.1 4.2 4.7 3
Industrial Production Mom (%) 1.00 0.5 1.1 0.7 0.7 0.5
Manufacturing Production (%) 5.20 4.2 5.5 4.3 5.1 3.2
Capacity Utilization (%) 79.60 75 75 75.6 77 76.2
New Orders (%) 4.00 -8 -10 -7 -8 -6
Car Registrations 6200.00 7200 7650 9150 12500 9550

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -35.10 -36 -18 -14 -16 -12
Retail Sales MoM (%) 5.00 -1.6 0.7 0.8 0.9 0.6
Retail Sales YoY (%) 10.80 3.7 5.6 4.5 5.1 3.2
Consumer Spending (EUR Million) 32135.20 35133 32200 28877 33421 33360
Private Sector Credit (EUR Million) 121509.69 165811 151990 148306 134345 158374
Households Debt To GDP (% of GDP) 58.90 59 59 57 57 57
Bank Lending Rate (%) 4.03 4.03 4.03 4.03 4.03 4.03
Consumer Credit (EUR Million) 10984.76 16270 14801 14025 12615 15333
Gasoline Prices (USD/Liter) 2.00 1.9 1.81 1.71 1.63 1.55

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 68.90 71 74.5 76 77 78
Home Ownership Rate (%) 74.60 72 72 71.8 71.8 71.8
Construction Output (%) 16.20 5.1 2.5 4 4.3 4.4
Building Permits 2082.00 1220 1450 1380 1420 1650


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.