Markets Actual Q1 Q2 Q3 Q4 2023
Currency 1.13 1.14 1.13 1.13 1.12 1.11
Stock Market (points) 958.50 924 900 876 853 808
Government Bond 10Y (%) 1.72 1.6 1.69 1.77 1.86 2.06

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 2.70 0.6 0.5 0.6 0.5 0.4
GDP Annual Growth Rate (%) 13.40 3.4 2 3.8 3.6 2.7
Unemployment Rate (%) 13.30 15.4 14.8 14.7 14.2 13.8
Inflation Rate (%) 5.10 2.4 1.4 1 0.5 0.8
Interest Rate (%) 0.00 0 0 0 0.1 0.25
Balance of Trade (EUR Million) -2770.00 -1740 -1300 -1440 -1420 -1360
Current Account (EUR Million) -2515.38 -880 750 950 -780 -780
Current Account to GDP (% of GDP) -6.70 -5.3 -5.3 -5.3 -5.3 -4
Government Debt to GDP (% of GDP) 205.60 202 202 202 202 191
Government Budget (% of GDP) -9.70 -3 -3 -3 -3 -2
Business Confidence (points) 110.30 110 110 108 109 109
Manufacturing PMI (points) 59.00 54.4 54.7 54.3 54.6 54.6
Consumer Confidence (points) -43.20 -27 -29 -26 -22 -23
Retail Sales MoM (%) 2.80 0.8 0.9 -1.3 0.6 0.6
Corporate Tax Rate (%) 24.00 29 24 24 24 24
Personal Income Tax Rate (%) 44.00 45 44 44 44 44

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 2.70 0.6 0.5 0.6 0.5 0.4
GDP Annual Growth Rate (%) 13.40 3.4 2 3.8 3.6 2.7
GDP (USD Billion) 189.41 245 245 245 245 304
GDP Constant Prices (EUR Million) 50952.00 44992 41890 46105 52888 46611
Gross Fixed Capital Formation (EUR Million) 5869.15 5075 5234 5387 6092 5257
GDP per capita (USD) 17436.01 23900 23900 23900 23900 24600
GDP per capita PPP (USD) 27287.08 30000 30000 30000 30000 30700
GDP From Agriculture (EUR Million) 1518.06 1974 1860 1919 1576 2045
GDP From Construction (EUR Million) 855.02 1018 710 784 888 1055
GDP From Mining (EUR Million) 7126.61 5895 5938 6329 7397 6107
GDP From Public Administration (EUR Million) 7606.28 8412 8413 8375 7895 8714
GDP From Services (EUR Million) 14091.60 8296 7186 9515 14627 8594

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 13.30 15.4 14.8 14.7 14.2 13.8
Employed Persons (Thousand) 4053.35 4230 4200 4250 4300 4400
Unemployed Persons (Thousand) 650.93 630 640 620 590 550
Employment Rate (%) 86.16 86.6 86.9 87 87.4 87.8
Long Term Unemployment Rate (%) 9.60 11.7 11.1 11 10.5 10.5
Youth Unemployment Rate (%) 39.10 41.2 40.6 40.5 40 40
Labour Costs (points) 78.70 102 104 103 105 108
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.72 10.67 10.67 10.67 10.67 10.65
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 15.80 52 52.3 52.4 52.6 52.9
Productivity (points) 103.70 108 108 108 109 109
Employment Change (%) 2.80 0.5 0.4 0.3 0.4 0.4

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 5.10 2.4 1.4 1 0.5 0.8
Consumer Price Index CPI (points) 110.64 108 108 109 111 112
Harmonised Consumer Prices (points) 104.87 103 104 104 105 106
Core Consumer Prices (points) 98.23 97.26 98.66 98.94 99.61 101
Core Inflation Rate (%) 1.03 1.2 1.1 1.2 1.4 1.6
GDP Deflator (points) 98.44 101 99.82 99.42 98.93 99.72
Producer Prices (points) 118.90 120 118 122 122 124
Producer Prices Change (%) 24.50 15.5 10.3 6.7 2.5 2
Inflation Rate Mom (%) 0.70 0.4 0.5 2 0.4 0.4
Food Inflation (%) 4.30 1.7 1.5 1.6 1.7 1.7
CPI Housing Utilities (points) 136.11 120 119 120 137 138
CPI Transportation (points) 129.33 130 130 133 134 134

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 0.00 0 0 0 0.1 0.25
Interbank Rate (%) -0.56 -0.56 -0.56 -0.56 -0.46 -0.46
Banks Balance Sheet (EUR Million) 331331.66 347800 351000 352000 355000 362000
Loans to Private Sector (EUR Million) 65199.82 76899 70965 67434 67938 69705
Loan Growth (%) 12.20 6.2 4 4.3 4.2 2.6
Private Debt to GDP (%) 139.40 127 127 127 127 125
Central Bank Balance Sheet (EUR Million) 219924.00 232000 238000 236800 239000 245000

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (EUR Million) -2770.00 -1740 -1300 -1440 -1420 -1360
Current Account (EUR Million) -2515.38 -880 750 950 -780 -780
Current Account to GDP (% of GDP) -6.70 -5.3 -5.3 -5.3 -5.3 -4
Imports (EUR Million) 6666.50 5190 4500 4620 4700 4870
Exports (EUR Million) 3896.30 3450 3200 3180 3280 3510
External Debt (EUR Million) 538117.91 504200 502900 501800 497000 505000
Capital Flows (EUR Million) -1004.00 -570 780 510 -760 -760
Tourism Revenues (EUR Million) 1438.33 295 1950 2100 250 290
Tourist Arrivals (persons) 2346530.00 306200 2950000 3680000 445000 515000
Foreign Direct Investment (EUR Million) 668.10 -180 290 650 290 290

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 205.60 202 202 202 202 191
Government Budget (% of GDP) -9.70 -3 -3 -3 -3 -2
Government Budget Value (EUR Million) -769.60 -1300 -7000 -7300 30 2200
Government Spending (EUR Million) 9175.50 10540 10200 9509 9980 10500
Government Spending to GDP (% of GDP) 60.70 52 52 52 52 50
Government Revenues (EUR Million) 48476.00 17600 29200 42800 64430 68100
Government Debt (EUR Million) 386824.51 385000 383000 384000 385000 388000
Fiscal Expenditure (EUR Million) 60743.00 18900 36200 50100 64400 65900

Taxes Actual Q1 Q2 Q3 Q4 2023
Corporate Tax Rate (%) 24.00 29 24 24 24 24
Personal Income Tax Rate (%) 44.00 45 44 44 44 44
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 36.66 40.06 36.66 36.66 36.66 36.66
Social Security Rate For Companies (%) 22.54 24.06 22.54 22.54 22.54 22.54
Social Security Rate For Employees (%) 14.12 16 14.12 14.12 14.12 14.12

Business Actual Q1 Q2 Q3 Q4 2023
Business Confidence (points) 110.30 110 110 108 109 109
Manufacturing PMI (points) 59.00 54.4 54.7 54.3 54.6 54.6
Industrial Production (%) 8.00 4.2 4.7 3.8 3 3
Industrial Production Mom (%) -1.20 0.7 0.7 0.6 0.5 0.5
Manufacturing Production (%) 9.00 4.3 5.1 4.2 3.2 3.2
Capacity Utilization (%) 77.60 79.7 79.9 80 81 81.8
New Orders (%) 8.00 -7 -8 -7 -6 -8
Car Registrations 7168.00 9150 12500 8400 9550 9780

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) -43.20 -27 -29 -26 -22 -23
Retail Sales MoM (%) 2.80 0.8 0.9 -1.3 0.6 0.6
Retail Sales YoY (%) 10.10 8.3 4.5 5.2 4.2 3.2
Consumer Spending (EUR Million) 33960.30 32200 28877 32778 35251 33360
Private Sector Credit (EUR Million) 118420.50 148306 134345 123148 123394 126602
Households Debt To GDP (% of GDP) 58.70 57 57 57 57 55
Gasoline Prices (USD/Liter) 1.99 1.89 1.8 1.71 1.62 1.54
Bank Lending Rate (%) 3.64 3.64 3.64 3.64 3.74 3.74
Consumer Credit (EUR Million) 10297.64 14025 12372 10706 10668 10956

Housing Actual Q1 Q2 Q3 Q4 2023
Housing Index (points) 70.20 76 77 77.5 78 80
Home Ownership Rate (%) 74.60 71.8 71.8 71.8 71.8 71.4
Construction Output (%) 3.70 4 4.3 3.8 4.4 3
Building Permits 1982.00 2080 2220 1980 2350 2240


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Greece Forecast - was last updated on Thursday, January 20, 2022.