Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 617.37 596 586 576 567 548
Government Bond 10Y (%) 4.85 4.53 4.69 4.85 5.02 5.37
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.00 0.6 0.5 0.5 0.4 0.6
GDP Annual Growth Rate (%) 2.20 1.8 1.9 2 2.3 2.1
Unemployment Rate (%) 18.60 17.5 17.1 16.5 15.9 15.1
Inflation Rate (%) 0.60 1.4 1.4 1.5 1.4 1.7
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) -1547.90 -2110 -1470 -1380 -1610 -1630
Current Account (EUR Million) -871.00 -1200 950 1550 -920 -780
Current Account to GDP (%) -0.80 -0.5 -0.5 -0.5 -0.5 -0.2
Government Debt to GDP (%) 178.60 174 174 174 174 172
Government Budget (% of GDP) 0.80 1.5 1.5 1.5 1.5 0.5
Business Confidence (Index Points) 101.60 101 104 103 106 109
Manufacturing PMI 53.80 50.4 53.6 52.5 54 54
Consumer Confidence (Index Points) -35.00 -40 -37 -36 -34 -27
Retail Sales MoM (%) -3.70 -0.4 0.8 0.15 1.1 0.9
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.00 0.6 0.5 0.5 0.4 0.6
GDP Annual Growth Rate (%) 2.20 1.8 1.9 2 2.3 2.1
GDP (USD Billion) 200.29 215 215 215 215 222
GDP Constant Prices (EUR Million) 51452.00 43980 48417 51967 52635 53741
Gross Fixed Capital Formation (EUR Million) 5171.00 5188 5192 5223 5290 5401
GDP per capita (USD) 23027.41 23800 23800 23800 23800 24500
GDP per capita PPP (USD) 24574.38 25900 25900 25900 25900 26200
GDP From Agriculture (EUR Million) 1945.77 1753 1720 1965 1991 2032
GDP From Construction (EUR Million) 1292.00 802 1081 1318 1322 1349
GDP From Mining (EUR Million) 5151.52 5303 5788 5255 5270 5381
GDP From Public Administration (EUR Million) 8970.13 9361 9372 9150 9176 9369
GDP From Services (EUR Million) 12300.17 7325 9443 12423 12583 12847
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 18.60 17.5 17.1 16.5 15.9 15.1
Employed Persons (Thousand) 3883.07 4100 4150 4200 4250 4400
Unemployed Persons (Thousand) 862.44 810 750 780 790 710
Part Time Employment (Thousand) 337.20 386 388 355 391 396
Full Time Employment (Thousand) 3557.00 3610 3620 3551 3650 3700
Employment Rate (%) 81.83 82.4 82.7 82.9 83.2 83.6
Long Term Unemployment Rate (%) 13.70 12.7 12.5 12 11.5 9.5
Youth Unemployment Rate (%) 38.50 37.2 36.4 32.61 34.4 30.6
Labour Costs (Index Points) 78.30 89.1 90.2 81.63 96.2 96.6
Job Vacancies 14466.00 18900 15100 9887 14600 16300
Minimum Wages (EUR/Month) 683.76 684 684 684 684 684
Population (Million) 10.74 10.69 10.69 10.69 10.69 10.64
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 52.20 52.7 52.8 51.63 52.9 53.2
Living Wage Family (EUR/Month) 1070.00 1070 1070 1070 1070 1200
Living Wage Individual (EUR/Month) 595.00 620 620 620 620 650
Productivity (Index Points) 98.50 94.6 94.2 97.02 95 95.6
Wages (EUR/Month) 1060.45 1095 1055 1057 1150 1200
Wages High Skilled (EUR/Month) 1510.00 1750 1750 1750 1750 1750
Wages Low Skilled (EUR/Month) 717.00 850 850 850 850 850
Employment Change (%) 0.80 0.4 0.4 0.1 0.5 0.5
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.60 1.4 1.4 1.5 1.4 1.7
Consumer Price Index CPI (Index Points) 106.92 108 109 109 108 110
Harmonised Consumer Prices (Index Points) 101.88 107 105 105 110 115
Core Consumer Prices (Index Points) 100.00 100 102 101 101 103
Core Inflation Rate (%) 0.10 0.7 1.1 1.2 1.4 1.7
GDP Deflator (Index Points) 95.00 98 98 98 98 102
Producer Prices (Index Points) 106.40 106 110 111 109 112
Producer Prices Change (%) 2.90 3.2 2.5 2.5 2.5 2.3
Import Prices (Index Points) 102.79 105 106 106 107 109
Inflation Rate Mom (%) -0.70 0.4 0.4 0.12 0.5 0.5
CPI Housing Utilities (Index Points) 120.46 120 121 121 124 126
CPI Transportation (Index Points) 122.13 124 130 127 126 128
Food Inflation (%) 1.00 1.6 1.8 1.84 2.2 2
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Money Supply M0 (EUR Million) 31205.00 33700 34200 32351 35500 39900
Money Supply M1 (EUR Million) 120485.00 129000 132000 123478 132000 145000
Interbank Rate (%) -0.31 -0.32 -0.32 -0.27 -0.22 -0.22
Money Supply M2 (EUR Million) 174954.00 182000 184000 177355 187000 199000
Money Supply M3 (EUR Million) 175682.00 185000 191000 178238 198000 214000
Banks Balance Sheet (EUR Million) 290828.69 316000 318000 278605 325000 342000
Loans to Private Sector (EUR Million) 83117.19 90100 91500 80878 95700 101000
Loan Growth (%) -1.80 0.2 0.5 1.1 1.5 1.8
Private Debt to GDP (%) 131.90 125 125 125 125 119
Central Bank Balance Sheet (EUR Million) 108397.00 119000 125000 107038 137000 151000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) -1547.90 -2110 -1470 -1380 -1610 -1630
Current Account (EUR Million) -871.00 -1200 950 1550 -920 -780
Current Account to GDP (%) -0.80 -0.5 -0.5 -0.5 -0.5 -0.2
Imports (EUR Million) 4591.30 4920 4240 4250 4520 4680
Exports (EUR Million) 3043.40 2810 2770 2870 2910 3050
External Debt (EUR Million) 397351.76 424000 428000 375123 436000 445000
Capital Flows (EUR Million) -546.73 -820 750 1240 -320 -360
Remittances (EUR Million) 68.20 85 87 74.74 84 89
Tourism Revenues (EUR Million) 1408.40 228 2450 2850 275 320
Tourist Arrivals (persons) 3024440.00 372000 2791000 1848800 433000 465000
Crude Oil Production (BBL/D/1K) 4.00 4 4 3.99 4 4
Foreign Direct Investment (EUR Million) 167.60 750 690 300 360 400
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 178.60 174 174 174 174 172
Government Budget (% of GDP) 0.80 1.5 1.5 1.5 1.5 0.5
Government Budget Value (EUR Million) 938.10 410 -700 -210 560 390
Government Spending (EUR Million) 9607.00 9419 9865 9799 9828 10034
Government Spending to GDP (%) 48.00 46 46 46 46 44
Government Revenues (EUR Million) 53598.00 12620 24100 36410 55870 55730
Government Debt (EUR Million) 356034.10 349000 350000 358058 354000 362000
Fiscal Expenditure (EUR Million) 55990.00 12210 24800 36620 55310 55340
Asylum Applications (persons) 5585.00 2800 4200 5150 4200 2500
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 29.00 29 29 29 29 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 (%) 40.06 40.06 40.06 40.06 40.06 40.06
Social Security Rate For Companies (%) 24.06 24.06 24.06 24.06 24.06 24.06
Social Security Rate For Employees (%) 16.00 16 16 16 16 16
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 101.60 101 104 103 106 109
Manufacturing PMI 53.80 50.4 53.6 52.5 54 54
Industrial Production (%) 3.10 2.5 2.4 1.5 2.5 2.2
Industrial Production Mom (%) 3.10 -0.8 1.8 -2 1.4 1.2
Manufacturing Production (%) 5.30 2.5 2.2 1.7 2.4 2.1
Capacity Utilization (%) 70.70 71.4 71.7 70.59 72.9 74
New Orders (%) -15.00 -7 -10 -9 -6 -4
Car Registrations 5337.00 10100 10900 7500 7840 8650
Mining Production (%) -4.10 1.5 1.7 2 1.5 1.4
Steel Production (Thousand Tonnes) 140.00 95 130 127 130 136
Electricity Production (Gigawatt-hour) 4198.00 3870 4400 4134 5200 5150
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -35.00 -40 -37 -36 -34 -27
Retail Sales MoM (%) -3.70 -0.4 0.8 0.15 1.1 0.9
Retail Sales YoY (%) -4.00 1.5 1.7 2.16 1.7 2
Consumer Spending (EUR Million) 32998.00 31336 32929 33328 33757 34466
Private Sector Credit (EUR Million) 173345.63 195000 197000 166742 201000 215000
Bank Lending Rate (%) 4.35 4.64 4.64 4.69 4.74 4.74
Consumer Credit (EUR Million) 20272.68 26900 27200 18282 31400 39100
Gasoline Prices (USD/Liter) 1.71 1.64 1.6 1.56 1.53 1.53
Households Debt To GDP (% of GDP) 54.30 52.5 52.5 52.5 52.5 51.9
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 60.30 62.5 63 64 64 66
Building Permits (units) 1595.00 1400 1290 1150 1890 2740
Home Ownership Rate (%) 73.30 72.7 72.7 72.7 72.7 72


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.