Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.18 1.18 1.17 1.17 1.16 1.15
Stock Market (points) 614.61 613 593 575 556 520
Government Bond 10Y (%) 1.04 1.04 1.08 1.13 1.18 1.28

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.60 3.8 2.5 2 1.5 1.1
GDP Annual Growth Rate (%) -0.90 -9.7 -4.8 -2.6 9.6 6.2
Unemployment Rate (%) 17.00 19.9 20 19.5 18.8 17.4
Inflation Rate (%) -1.80 -1.2 -1.4 -1.3 -0.4 2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1408.80 -1900 -1630 -1270 -1300 -1510
Current Account (EUR Million) -913.86 -1690 -1780 -650 -520 -920
Current Account to GDP (%) -1.40 -0.3 -0.3 -1.2 -1.2 -1.2
Government Debt to GDP (%) 176.60 192 192 186 186 186
Government Budget (% of GDP) 1.50 -6.6 -6.6 -2.6 -2.6 -2.6
Business Confidence (points) 90.80 88 92 95 94 101
Manufacturing PMI (points) 48.60 47.4 52 51.5 52.9 54
Consumer Confidence (points) -34.70 -20 -23 -18 -22 -26
Retail Sales MoM (%) 26.00 -2.2 0.9 0.6 1 0.7
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.60 3.8 2.5 2 1.5 1.1
GDP Annual Growth Rate (%) -0.90 -9.7 -4.8 -2.6 9.6 6.2
GDP (USD Billion) 209.85 175 175 200 200 200
GDP Constant Prices (EUR Million) 43461.80 50426 45765 42332 47634 48602
Gross Fixed Capital Formation (EUR Million) 5214.75 5120 5417 5079 5715 5753
GDP per capita (USD) 24024.20 22500 22500 23200 23200 23200
GDP per capita PPP (USD) 30314.60 28200 28200 29100 29100 29100
GDP From Agriculture (EUR Million) 1655.84 1803 1807 1613 1815 1920
GDP From Construction (EUR Million) 1297.59 1419 2081 1264 1422 2210
GDP From Mining (EUR Million) 4742.13 4915 4525 4619 5197 4805
GDP From Public Administration (EUR Million) 9100.98 8357 8671 8864 9975 9208
GDP From Services (EUR Million) 7097.84 12216 8319 6913 7779 8835

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 17.00 19.9 20 19.5 18.8 17.4
Employed Persons (Thousand) 3733.92 3740 3690 3700 3740 3820
Unemployed Persons (Thousand) 761.47 850 1020 1050 1010 910
Employment Rate (%) 83.06 81 77 78.6 79.5 82.3
Long Term Unemployment Rate (%) 12.10 13 13.1 12.6 11.9 11.1
Youth Unemployment Rate (%) 33.60 34.5 34.6 34.1 33.4 32.6
Labour Costs (points) 95.00 74 91.5 94.4 95 94
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.72 10.68 10.68 10.65 10.65 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 (%) 50.60 49.8 50.2 50.6 51.5 52.2
Productivity (points) 102.80 99 95.6 96.2 97 99
Employment Change (%) -0.10 0.2 -1 0.6 0.3 0.6

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -1.80 -1.2 -1.4 -1.3 -0.4 2
Harmonised Consumer Prices (points) 100.17 102 105 101 101 106
Consumer Price Index CPI (points) 103.97 106 106 106 105 108
Core Consumer Prices (points) 99.70 101 101 100 101 102
Core Inflation Rate (%) 0.10 0.5 0.6 0.4 0.7 1
GDP Deflator (points) 96.54 95.64 95.19 95.28 96.15 97.09
Producer Prices (points) 95.20 103 106 94.91 93.73 109
Producer Prices Change (%) -7.40 -3.6 -1.8 -0.2 1 2.9
Inflation Rate Mom (%) 0.00 -0.3 0.5 0.3 0.2 0.3
CPI Housing Utilities (points) 113.27 119 119 116 113 121
CPI Transportation (points) 118.71 125 125 122 116 127
Food Inflation (%) 1.80 2.7 1.8 1.9 1.5 1.7

Money Actual Q3 Q4 Q1 Q2 2021
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) 326373.04 322000 325000 332000 338000 340000
Loans to Private Sector (EUR Million) 73254.05 76446 77367 75656 75131 78605
Private Debt to GDP (%) 123.10 132 132 130 130 130
Loan Growth (%) 6.00 5.1 4.9 4.2 2.5 1.6
Central Bank Balance Sheet (EUR Million) 144769.00 151000 156000 162000 165000 166000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (EUR Million) -1408.80 -1900 -1630 -1270 -1300 -1510
Current Account (EUR Million) -913.86 -1690 -1780 -650 -520 -920
Current Account to GDP (%) -1.40 -0.3 -0.3 -1.2 -1.2 -1.2
Imports (EUR Million) 3957.70 3480 3230 3460 3890 3890
Exports (EUR Million) 2548.90 2250 2100 2190 2590 2880
External Debt (EUR Million) 455824.03 460000 465000 469000 474000 475000
Capital Flows (EUR Million) -587.33 -890 -1200 -680 550 -800
Tourism Revenues (EUR Million) 13.09 1150 89 160 1980 250
Tourist Arrivals (persons) 367378.00 1020000 225000 451000 2165000 308000
Foreign Direct Investment (EUR Million) 217.90 -620 -440 -120 250 320

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 176.60 192 192 186 186 186
Government Budget (% of GDP) 1.50 -6.6 -6.6 -2.6 -2.6 -2.6
Government Budget Value (EUR Million) -1737.40 -52050 -40640 5550 -6700 -16770
Government Spending (EUR Million) 9591.30 10500 11900 9980 10750 11820
Government Spending to GDP (%) 46.30 54 54 49 49 49
Government Revenues (EUR Million) 19232.00 22950 41910 17500 27500 52430
Government Debt (EUR Million) 361828.74 366000 369000 372000 376000 370000
Fiscal Expenditure (EUR Million) 28227.00 75000 82550 11950 34200 69200

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 40.56 40.56 40.56 40.56 40.56 40.56
Social Security Rate For Companies (%) 24.81 24.81 24.81 24.81 24.81 24.81
Social Security Rate For Employees (%) 15.75 15.75 15.75 15.75 15.75 15.75

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 90.80 88 92 95 94 101
Manufacturing PMI (points) 48.60 47.4 52 51.5 52.9 54
Industrial Production (%) -4.90 -4.3 -2.6 0.9 7.5 5.1
Industrial Production Mom (%) 2.60 -1.6 -1.2 1.5 0.6 1.1
Manufacturing Production (%) -1.00 -4.8 -3.2 1.2 7.9 5.5
Capacity Utilization (%) 65.90 65 67 66 69 74
New Orders (%) -48.00 -30 -20 -26 -18 -10
Car Registrations 8249.00 3700 5500 4200 10200 7850
Mining Production (%) -17.60 1.2 1.4 1.4 1.4 1

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -34.70 -20 -23 -18 -22 -26
Retail Sales MoM (%) 26.00 -2.2 0.9 0.6 1 0.7
Retail Sales YoY (%) -5.80 -4.2 -3 2.2 7.5 5.6
Consumer Spending (EUR Million) 30828.20 31844 31423 30027 33788 33371
Private Sector Credit (EUR Million) 147544.67 161182 161712 153808 151496 164299
Households Debt To GDP (% of GDP) 53.40 61 61 59 59 59
Bank Lending Rate (%) 3.62 3.81 3.81 3.81 3.81 3.81
Consumer Credit (EUR Million) 15090.08 16317 15477 14822 16510 16437
Gasoline Prices (USD/Liter) 1.60 1.43 1.36 1.29 1.23 1.17

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 66.90 62 63.4 65 66 66
Home Ownership Rate (%) 73.50 72.4 72.4 72 72 72
Building Permits 973.00 750 1320 980 1250 1450


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.