Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.10 1.09 1.08 1.08 1.07 1.06
Stock Market (points) 849.42 853 838 824 809 781
Government Bond 10Y (%) 1.46 1.45 1.52 1.6 1.68 1.84
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.80 0.4 0.3 0.4 0.5 0.6
GDP Annual Growth Rate (%) 1.90 2.1 2.2 1.9 2 2.4
Unemployment Rate (%) 16.90 17 16.5 16.2 15.9 15.5
Inflation Rate (%) -0.10 0.5 0.6 0.9 0.8 1.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1729.00 -1610 -2100 -2100 -1490 -1630
Current Account (EUR Million) 1279.50 -920 -1100 1250 1690 -780
Current Account to GDP (%) -2.90 -2.6 -2.8 -2.8 -2.8 -2.8
Government Debt to GDP (%) 181.10 175 170 170 170 170
Government Budget (% of GDP) 1.10 1.5 1.2 1.2 1.2 1.2
Business Confidence (Index Points) 107.20 105 104 103 106 108
Manufacturing PMI 53.60 52 52.5 51.9 52.2 52.9
Consumer Confidence (Index Points) -6.80 -22 -20 -23 -21 -17
Retail Sales MoM (%) -2.40 1.1 -0.7 0.7 -0.4 0.9
Corporate Tax Rate (%) 28.00 29 29 28 28 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.80 0.4 0.3 0.4 0.5 0.6
GDP Annual Growth Rate (%) 1.90 2.1 2.2 1.9 2 2.4
GDP (USD Billion) 218.03 222 229 229 229 229
GDP Constant Prices (EUR Million) 48845.00 48816 44792 49773 49822 49988
Gross Fixed Capital Formation (EUR Million) 5650.69 5195 5640 5758 5764 5320
GDP per capita (USD) 23558.10 23800 24500 24500 24500 24500
GDP per capita PPP (USD) 25140.70 25900 26200 26200 26200 26200
GDP From Agriculture (EUR Million) 1870.00 1987 1760 1906 1907 2035
GDP From Construction (EUR Million) 1542.23 2432 1120 1572 1573 2490
GDP From Mining (EUR Million) 5107.83 5035 4932 5205 5210 5156
GDP From Public Administration (EUR Million) 9133.95 9362 9135 9307 9317 9587
GDP From Services (EUR Million) 10004.87 8773 7673 10195 10205 8984
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 16.90 17 16.5 16.2 15.9 15.5
Long Term Unemployment Rate (%) 12.50 13 12.5 12.2 11.9 11.5
Youth Unemployment Rate (%) 33.00 33.5 33 32.7 32.4 32
Labour Costs (Index Points) 91.90 96.2 89.4 91 79.2 96.6
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.74 10.77 10.67 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 (%) 52.30 52.3 52.4 52.3 52.5 52.4
Living Wage Family (EUR/Month) 1070.00 1070 1200 1200 1200 1200
Living Wage Individual (EUR/Month) 595.00 620 650 650 650 650
Wages High Skilled (EUR/Month) 1510.00 1600 1650 1650 1650 1650
Wages Low Skilled (EUR/Month) 717.00 800 840 840 840 840
Employment Change (%) 0.70 0.5 0.3 0.4 0.5 0.5
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) -0.10 0.5 0.6 0.9 0.8 1.2
Consumer Price Index CPI (Index Points) 107.53 108 106 108 108 110
Core Consumer Prices (Index Points) 98.40 101 98.38 100 101 102
Core Inflation Rate (%) 0.20 -0.1 0.4 0.6 0.8 1.1
Producer Prices (Index Points) 105.00 105 108 108 106 106
Producer Prices Change (%) -2.60 -0.2 0.5 0.8 0.7 1
Inflation Rate Mom (%) 2.10 0.1 1 0.7 1 0.2
CPI Housing Utilities (Index Points) 120.58 122 122 122 120 124
CPI Transportation (Index Points) 126.52 123 122 126 130 125
Food Inflation (%) -2.10 0.1 0.4 0.7 1.2 1.5
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.31 -0.06 -0.44 -0.44 -0.06
Banks Balance Sheet (EUR Million) 299893.01 307000 312000 317000 322000 325000
Loans to Private Sector (EUR Million) 74789.73 84322 79947 76974 76286 86346
Loan Growth (%) -0.70 0.6 0.9 1 0.9 1.5
Private Debt to GDP (%) 123.10 119 115 115 115 115
Central Bank Balance Sheet (EUR Million) 103699.00 111000 117000 121000 126000 132000
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) -1729.00 -1610 -2100 -2100 -1490 -1630
Current Account (EUR Million) 1279.50 -920 -1100 1250 1690 -780
Current Account to GDP (%) -2.90 -2.6 -2.8 -2.8 -2.8 -2.8
Imports (EUR Million) 4109.20 4520 5050 4340 4320 4680
Exports (EUR Million) 2380.20 2910 2950 2850 3020 3050
External Debt (EUR Million) 423049.04 409000 410000 410000 414000 416000
Tourism Revenues (EUR Million) 3645.33 285 348 2770 2990 320
Tourist Arrivals (persons) 3881844.00 433000 386000 2881000 2999000 465000
Foreign Direct Investment (EUR Million) 500.70 360 710 750 420 400
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 181.10 175 170 170 170 170
Government Budget (% of GDP) 1.10 1.5 1.2 1.2 1.2 1.2
Government Spending (EUR Million) 10100.90 11346 9430 10293 10303 11618
Government Spending to GDP (%) 46.70 46.7 45.8 45.8 45.8 45.8
Government Debt (EUR Million) 356549.40 362000 364000 364000 366000 369000
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 28.00 29 29 28 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 41.06 41.06 40.06
Social Security Rate For Companies (%) 25.06 24.06 24.06 25.06 25.06 24.06
Social Security Rate For Employees (%) 16.00 16 16 16 16 16
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 107.20 105 104 103 106 108
Manufacturing PMI 53.60 52 52.5 51.9 52.2 52.9
Industrial Production (%) -0.60 0.4 1 0.9 1.2 1.4
Industrial Production Mom (%) -1.10 1.4 -0.7 1.4 -1.6 1.2
Manufacturing Production (%) -1.90 0.1 0.7 1 0.9 0.8
Car Registrations 5899.00 6240 10100 14500 5100 7650
Mining Production (%) -10.40 2.5 1.5 1.1 1.2 1.4
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -6.80 -22 -20 -23 -21 -17
Retail Sales MoM (%) -2.40 1.1 -0.7 0.7 -0.4 0.9
Retail Sales YoY (%) -3.00 1.7 2 2.2 1.9 1.8
Consumer Spending (EUR Million) 33116.40 33007 31732 33746 33779 33799
Private Sector Credit (EUR Million) 159776.89 173745 168516 164192 162972 177915
Bank Lending Rate (%) 4.08 4.68 4.93 4.23 4.23 4.93
Consumer Credit (EUR Million) 18052.82 18896 18720 18484 18414 19349
Gasoline Prices (USD/Liter) 1.76 1.59 1.55 1.56 1.51 1.55
Households Debt To GDP (% of GDP) 51.80 52.5 51.9 51.9 51.9 51.9
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index Points) 64.40 64 64.5 65 65.5 66
Building Permits 1841.00 1250 1450 1320 1175 1290
Home Ownership Rate (%) 73.50 72.7 72.4 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.