Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.22 1.2 1.2 1.19 1.19 1.18
Stock Market (points) 897.01 881 854 827 801 748
Government Bond 10Y (%) 1.00 1.01 1.06 1.1 1.15 1.25

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.70 0.9 2.7 1.1 0.6 0.5
GDP Annual Growth Rate (%) -7.90 12.6 8.2 4.2 3.4 3.6
Unemployment Rate (%) 15.80 18.8 18.2 17.4 16.8 16
Inflation Rate (%) -1.60 0.1 0.5 1.5 1.7 1.6
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1141.60 -1670 -1300 -1510 -1410 -1120
Current Account (EUR Million) -840.31 -520 -870 -920 -880 -780
Current Account to GDP (%) -6.70 -1.2 -1.2 -1.2 -1 -1
Government Debt to GDP (%) 205.60 186 186 186 182 182
Government Budget (% of GDP) -9.70 -6.3 -6.3 -6.3 -4 -4
Business Confidence (points) 97.90 102 106 104 105 109
Manufacturing PMI (points) 54.40 52 53.2 54 54.4 54.6
Consumer Confidence (points) -34.60 -22 -16 -18 -14 -12
Retail Sales MoM (%) 6.10 1 -1.6 0.7 0.8 0.6
Corporate Tax Rate (%) 24.00 24 24 29 24 24
Personal Income Tax Rate (%) 44.00 44 44 45 44 44

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.70 0.9 2.7 1.1 0.6 0.5
GDP Annual Growth Rate (%) -7.90 12.6 8.2 4.2 3.4 3.6
GDP (USD Billion) 209.85 200 200 200 245 245
GDP Constant Prices (EUR Million) 43178.20 37962 43735 50888 44992 46611
Gross Fixed Capital Formation (EUR Million) 4743.66 4275 5324 5302 4943 5121
GDP per capita (USD) 24024.20 23200 23200 23200 23900 23900
GDP per capita PPP (USD) 30314.60 29100 29100 29100 30000 30000
GDP From Agriculture (EUR Million) 1894.37 1644 2054 2071 1974 2045
GDP From Construction (EUR Million) 977.35 547 825 2535 1018 1055
GDP From Mining (EUR Million) 5657.27 5047 5909 5249 5895 6107
GDP From Public Administration (EUR Million) 8072.59 7189 8953 9760 8412 8714
GDP From Services (EUR Million) 7961.44 7129 7535 9145 8296 8594

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 15.80 18.8 18.2 17.4 16.8 16
Employed Persons (Thousand) 3817.26 3740 3790 3820 3860 3940
Unemployed Persons (Thousand) 746.01 1010 980 910 870 820
Employment Rate (%) 83.65 81 82 82.3 82.6 84.8
Long Term Unemployment Rate (%) 10.20 13.2 12.6 11.8 11.2 11.2
Youth Unemployment Rate (%) 34.20 37.2 36.6 35.8 35.2 35.2
Labour Costs (points) 103.20 102 101 104 105 106
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.72 10.7 10.7 10.7 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 (%) 51.00 51.5 52 52.2 52 52.6
Productivity (points) 102.70 102 105 102 101 104
Employment Change (%) -0.10 0.3 0.4 0.6 0.5 0.4

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) -1.60 0.1 0.5 1.5 1.7 1.6
Harmonised Consumer Prices (points) 100.43 102 101 102 102 104
Consumer Price Index CPI (points) 105.33 106 106 107 107 109
Core Consumer Prices (points) 96.11 97.71 97.87 103 98.21 99.59
Core Inflation Rate (%) -2.80 -0.2 0.6 1 1.2 1.4
GDP Deflator (points) 98.44 100 100 99.92 100 102
Producer Prices (points) 103.70 96.43 97.58 108 99.73 102
Producer Prices Change (%) 9.10 2.5 3 2.6 2.2 1.8
Inflation Rate Mom (%) 1.20 0.4 1.9 0.5 0.4 0.4
CPI Housing Utilities (points) 117.48 113 114 117 119 119
CPI Transportation (points) 122.52 117 117 118 125 120
Food Inflation (%) -0.30 0.5 1.5 1.7 2 1.8

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.33 -0.33 -0.33 -0.33 -0.33 -0.33
Banks Balance Sheet (EUR Million) 334584.07 348000 347000 351000 349800 355000
Loans to Private Sector (EUR Million) 72409.20 83860 79774 78509 75688 78715
Private Debt to GDP (%) 123.10 130 130 130 127 127
Loan Growth (%) 15.60 8.9 6.5 4.2 3.6 4
Central Bank Balance Sheet (EUR Million) 183830.00 187000 184000 186000 187000 191000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Million) -1141.60 -1670 -1300 -1510 -1410 -1120
Current Account (EUR Million) -840.31 -520 -870 -920 -880 -780
Current Account to GDP (%) -6.70 -1.2 -1.2 -1.2 -1 -1
Imports (EUR Million) 4022.20 3890 4400 4290 4390 4400
Exports (EUR Million) 2880.60 2590 2760 2880 2950 3280
External Debt (EUR Million) 494508.60 499000 504000 501000 504200 497000
Capital Flows (EUR Million) -550.10 550 420 -800 -570 -760
Tourism Revenues (EUR Million) 23.43 1980 1800 190 295 250
Tourist Arrivals (persons) 88101.00 2165000 2420000 308000 306200 445000
Foreign Direct Investment (EUR Million) 259.30 250 560 320 -180 290

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 205.60 186 186 186 182 182
Government Budget (% of GDP) -9.70 -6.3 -6.3 -6.3 -4 -4
Government Budget Value (EUR Million) -2446.00 2550 -6700 90 -16770 -5970
Government Spending (EUR Million) 10004.80 10750 10280 11820 10540 9980
Government Spending to GDP (%) 46.30 49 49 49 47 47
Government Revenues (EUR Million) 11497.00 27500 29100 52430 22600 58430
Government Debt (EUR Million) 374005.73 376000 377000 370000 375000 382000
Fiscal Expenditure (EUR Million) 17222.00 34200 69000 69200 12900 64400

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 24.00 24 24 29 24 24
Personal Income Tax Rate (%) 44.00 44 44 45 44 44
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 40.56 40.56 40.56 40.06 40.56 40.56
Social Security Rate For Companies (%) 24.81 24.81 24.81 24.06 24.81 24.81
Social Security Rate For Employees (%) 15.75 15.75 15.75 16 15.75 15.75

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 97.90 102 106 104 105 109
Manufacturing PMI (points) 54.40 52 53.2 54 54.4 54.6
Industrial Production (%) 4.40 7.5 3.6 5.1 4.2 3
Industrial Production Mom (%) -2.30 0.6 0.5 1.1 0.7 0.5
Manufacturing Production (%) 2.70 7.9 4.2 5.5 4.3 3.2
Capacity Utilization (%) 73.60 71 72 73 74 74
New Orders (%) -14.00 -10 -8 -10 -7 -6
Car Registrations 8984.00 10200 5100 7850 4950 8550

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -34.60 -22 -16 -18 -14 -12
Retail Sales MoM (%) 6.10 1 -1.6 0.7 0.8 0.6
Retail Sales YoY (%) -1.80 7.5 3.7 5.6 4.5 3.2
Consumer Spending (EUR Million) 30883.20 27405 31310 34408 32180 33339
Private Sector Credit (EUR Million) 139647.40 170488 160676 156968 147325 153218
Households Debt To GDP (% of GDP) 59.20 59 59 59 57 57
Bank Lending Rate (%) 3.97 3.97 3.97 3.97 3.97 3.97
Consumer Credit (EUR Million) 13563.67 14061 16991 19698 14801 15333
Gasoline Prices (USD/Liter) 1.88 1.66 1.58 1.47 1.43 1.35

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 67.20 74 72 75 76 78
Home Ownership Rate (%) 75.40 72 72 72 71.8 71.8
Building Permits 1453.00 1250 1220 1450 1380 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.