Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.11 1.1 1.1 1.09 1.09 1.08
Stock Market (points) 830.92 834 820 806 792 764
Government Bond 10Y (%) 1.99 2.13 2.22 2.32 2.42 2.63
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.20 0.4 0.4 0.3 0.4 0.6
GDP Annual Growth Rate (%) 1.30 1.4 1.6 1.5 1.7 1.5
Unemployment Rate (%) 17.20 16.5 15.9 15.7 15.5 15.1
Inflation Rate (%) 0.00 0.5 0.5 0.7 1.2 1.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1526.50 -1380 -1610 -2100 -1490 -1630
Current Account (EUR Million) 874.40 1600 -920 -1100 1250 -780
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.8 -2.8 -2.8
Government Debt to GDP (%) 181.10 175 175 170 170 170
Government Budget (% of GDP) 1.10 0.5 0.5 0.1 0.1 0.1
Business Confidence (Index Points) 105.30 101 102 104 103 105
Manufacturing PMI 54.60 52.5 52 52.5 52.9 53.4
Consumer Confidence (Index Points) -20.20 -28 -22 -20 -23 -17
Retail Sales MoM (%) 0.30 -0.6 1.1 -0.7 0.7 0.9
Corporate Tax Rate (%) 28.00 29 29 29 28 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.20 0.4 0.4 0.3 0.4 0.6
GDP Annual Growth Rate (%) 1.30 1.4 1.6 1.5 1.7 1.5
GDP (USD Billion) 218.03 222 222 229 229 229
GDP Constant Prices (EUR Million) 43999.00 51992 48912 48864 44659 49841
Gross Fixed Capital Formation (EUR Million) 5488.00 5220 5096 5091 5570 5193
GDP per capita (USD) 23558.10 23800 23800 24500 24500 24500
GDP per capita PPP (USD) 25140.70 25900 25900 26200 26200 26200
GDP From Agriculture (EUR Million) 1722.49 1949 1991 1989 1748 2029
GDP From Construction (EUR Million) 1085.79 1305 2436 2434 1102 2483
GDP From Mining (EUR Million) 4801.01 5203 5045 5040 4873 5141
GDP From Public Administration (EUR Million) 9016.11 9053 9381 9371 9151 9559
GDP From Services (EUR Million) 7499.95 12454 8790 8782 7612 8957
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 17.20 16.5 15.9 15.7 15.5 15.1
Employment Rate (%) 83.26 82.9 83.2 83.4 83.3 83.6
Long Term Unemployment Rate (%) 12.50 12 11.5 11 10.7 10.2
Youth Unemployment Rate (%) 39.60 35.4 34.4 33.6 39.3 30.6
Labour Costs (Index Points) 93.20 78.6 96.2 89.4 91 96.6
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.74 10.69 10.71 10.68 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 (%) 51.80 52.3 52.3 52.4 52.3 52.4
Living Wage Family (EUR/Month) 1070.00 1070 1070 1200 1200 1200
Living Wage Individual (EUR/Month) 595.00 620 620 650 650 650
Wages High Skilled (EUR/Month) 1510.00 1600 1600 1650 1650 1650
Wages Low Skilled (EUR/Month) 717.00 800 800 840 840 840
Employment Change (%) 0.60 0.4 0.5 0.3 0.4 0.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.00 0.5 0.5 0.7 1.2 1.4
Consumer Price Index CPI (Index Points) 105.89 109 108 106 108 110
Core Consumer Prices (Index Points) 99.60 101 101 98.38 100 102
Core Inflation Rate (%) 0.10 0.4 0.4 0.5 0.7 1.2
Producer Prices (Index Points) 105.30 110 105 108 109 106
Producer Prices Change (%) -1.80 1 1.2 1.4 1.5 1.5
Inflation Rate Mom (%) -1.50 1.6 0.1 1 0.7 0.2
CPI Housing Utilities (Index Points) 118.59 121 122 122 122 124
CPI Transportation (Index Points) 130.61 127 123 122 126 125
Food Inflation (%) -1.40 1.4 1.4 1.6 1.7 1.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.40 -0.36 -0.36 -0.36 -0.36 -0.36
Banks Balance Sheet (EUR Million) 299862.97 295000 302000 306000 312000 325000
Loans to Private Sector (EUR Million) 75538.95 87796 95700 83909 79400 101000
Loan Growth (%) -0.50 0.7 0.6 0.9 1 1.5
Private Debt to GDP (%) 131.90 125 125 119 119 119
Central Bank Balance Sheet (EUR Million) 103008.00 107000 111000 117000 121000 132000
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) -1526.50 -1380 -1610 -2100 -1490 -1630
Current Account (EUR Million) 874.40 1600 -920 -1100 1250 -780
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.8 -2.8 -2.8
Imports (EUR Million) 4289.30 4250 4520 5050 4340 4680
Exports (EUR Million) 2762.80 2870 2910 2950 2850 3050
External Debt (EUR Million) 404104.62 420000 426000 430000 409462 436000
Tourism Revenues (EUR Million) 2620.20 2850 275 238 2570 320
Tourist Arrivals (persons) 495608.00 2791000 433000 386000 2881000 465000
Crude Oil Production (BBL/D/1K) 5.00 5 5 5 5 5
Foreign Direct Investment (EUR Million) 196.10 300 360 710 750 400
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 181.10 175 175 170 170 170
Government Budget (% of GDP) 1.10 0.5 0.5 0.1 0.1 0.1
Government Spending (EUR Million) 8979.00 9663 11368 11357 9114 11584
Government Spending to GDP (%) 46.70 46.7 46.7 45.8 45.8 45.8
Government Debt (EUR Million) 357693.75 361000 362000 364000 364000 369000
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 28.00 29 29 29 28 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 (%) 41.06 40.06 40.06 40.06 41.06 40.06
Social Security Rate For Companies (%) 25.06 24.06 24.06 24.06 25.06 24.06
Social Security Rate For Employees (%) 16.00 16 16 16 16 16
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 105.30 101 102 104 103 105
Manufacturing PMI 54.60 52.5 52 52.5 52.9 53.4
Industrial Production (%) 0.30 0.5 0.4 1 1.2 1.6
Industrial Production Mom (%) 1.30 -2 1.4 -0.7 1.4 1.2
Manufacturing Production (%) 1.00 -0.1 0.1 0.7 1 0.8
Car Registrations 8818.00 7500 7840 12100 11100 8650
Mining Production (%) -0.40 -3.2 2.5 1.5 1.1 1.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -20.20 -28 -22 -20 -23 -17
Retail Sales MoM (%) 0.30 -0.6 1.1 -0.7 0.7 0.9
Retail Sales YoY (%) -2.40 2.1 1.7 2 2.2 1.8
Consumer Spending (EUR Million) 31026.00 33617 33072 33040 31491 33700
Private Sector Credit (EUR Million) 161130.82 181413 201000 172894 167362 215000
Bank Lending Rate (%) 4.19 4.42 4.42 4.42 4.42 4.42
Consumer Credit (EUR Million) 18139.28 20976 18933 18811 18591 19292
Gasoline Prices (USD/Liter) 1.80 1.77 1.73 1.68 1.64 1.64
Households Debt To GDP (% of GDP) 52.60 52.5 52.5 51.9 51.9 51.9
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 61.60 64 64 64.5 65 66
Building Permits 1453.00 1150 1250 1450 1320 1290
Home Ownership Rate (%) 73.50 72.7 72.7 72.4 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.