Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.21 1.21 1.2 1.2 1.19 1.19
Stock Market (points) 781.42 758 734 710 688 643
Government Bond 10Y (%) 0.89 0.93 0.97 1.01 1.06 1.15

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.30 -1.6 0.9 2.7 1.1 0.5
GDP Annual Growth Rate (%) -11.70 -2.6 12.6 8.2 4.2 3.2
Unemployment Rate (%) 16.20 19.5 18.8 18.2 17.4 16
Inflation Rate (%) -2.00 -0.8 0.1 0.5 1.5 1.7
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1460.00 -1630 -1670 -1300 -1510 -1510
Current Account (EUR Million) -1258.80 -650 -520 -870 -920 -920
Current Account to GDP (%) -1.40 -1.2 -1.2 -1.2 -1.2 -0.6
Government Debt to GDP (%) 176.60 186 186 186 186 179
Government Budget (% of GDP) 1.50 -2.6 -2.6 -2.6 -2.6 -0.4
Business Confidence (points) 90.70 95 94 98 101 105
Manufacturing PMI (points) 50.00 51.5 51.5 53.2 54 52.8
Consumer Confidence (points) -43.20 -18 -22 -23 -26 -17
Retail Sales MoM (%) -1.10 0.6 1 -1.6 0.7 0.5
Corporate Tax Rate (%) 24.00 29 24 24 29 29
Personal Income Tax Rate (%) 44.00 45 44 44 45 45

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.30 -1.6 0.9 2.7 1.1 0.5
GDP Annual Growth Rate (%) -11.70 -2.6 12.6 8.2 4.2 3.2
GDP (USD Billion) 209.85 200 200 200 200 245
GDP Constant Prices (EUR Million) 45240.40 43667 40011 43598 50888 45501
Gross Fixed Capital Formation (EUR Million) 4707.85 4431 4506 5324 5302 4617
GDP per capita (USD) 24024.20 23200 23200 23200 23200 23900
GDP per capita PPP (USD) 30314.60 29100 29100 29100 29100 30000
GDP From Agriculture (EUR Million) 1865.86 1829 1733 2054 2071 1906
GDP From Construction (EUR Million) 709.69 946 576 825 2535 986
GDP From Mining (EUR Million) 6062.86 5375 5320 5909 5249 5600
GDP From Public Administration (EUR Million) 7715.03 7405 7578 8953 9760 7716
GDP From Services (EUR Million) 10165.50 9340 7515 7535 9145 9732

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 16.20 19.5 18.8 18.2 17.4 16
Employed Persons (Thousand) 3829.45 3700 3740 3790 3820 4000
Unemployed Persons (Thousand) 758.92 1050 1010 980 910 820
Employment Rate (%) 83.46 78.6 79.5 82 82.3 84.8
Long Term Unemployment Rate (%) 10.20 12.3 14.4 13.7 9.2 12.3
Youth Unemployment Rate (%) 34.00 34.3 36.4 35.7 27.5 34.3
Labour Costs (points) 89.70 94.4 95 79 94 94
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.72 10.65 10.65 10.65 10.65 10.62
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 51.60 50.6 51.5 52 52.2 52.2
Productivity (points) 91.80 96.2 97 97.5 99 101
Employment Change (%) 1.20 0.6 0.3 0.4 0.6 0.6

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -2.00 -0.8 0.1 0.5 1.5 1.7
Harmonised Consumer Prices (points) 99.20 102 102 101 106 104
Consumer Price Index CPI (points) 103.86 106 106 106 107 109
Core Consumer Prices (points) 94.70 97.71 97.87 98.25 98.21 99.59
Core Inflation Rate (%) -1.30 -1.2 -0.2 0.6 1 1.4
GDP Deflator (points) 99.90 99.1 100 100 101 103
Producer Prices (points) 97.20 91.11 95.68 97.75 99.73 102
Producer Prices Change (%) -8.00 -4.2 0.5 3 2.6 1.8
Inflation Rate Mom (%) -1.30 0.3 0.3 1.9 0.3 0.3
CPI Housing Utilities (points) 116.14 116 113 114 117 119
CPI Transportation (points) 117.57 123 117 117 118 120
Food Inflation (%) -0.40 1.1 1.4 1.5 1.7 1.8

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.33 -0.33 -0.33 -0.33 0.44 -0.33
Banks Balance Sheet (EUR Million) 336114.49 342000 348000 347000 351000 355000
Loans to Private Sector (EUR Million) 72636.97 75656 75085 75118 73799 75054
Private Debt to GDP (%) 123.10 130 130 130 130 127
Loan Growth (%) 13.70 4.2 2.5 1.9 1.6 1.7
Central Bank Balance Sheet (EUR Million) 183830.00 172000 175000 174000 182000 187000

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (EUR Million) -1460.00 -1630 -1670 -1300 -1510 -1510
Current Account (EUR Million) -1258.80 -650 -520 -870 -920 -920
Current Account to GDP (%) -1.40 -1.2 -1.2 -1.2 -1.2 -0.6
Imports (EUR Million) 4439.80 3860 3890 4400 4290 4400
Exports (EUR Million) 2979.80 2190 2590 2760 2880 3280
External Debt (EUR Million) 488706.82 469000 474000 473000 475000 477000
Capital Flows (EUR Million) -641.51 -680 550 420 -800 -800
Tourism Revenues (EUR Million) 60.70 220 1980 1800 190 270
Tourist Arrivals (persons) 732195.00 451000 2165000 2420000 308000 445000
Foreign Direct Investment (EUR Million) 224.30 -120 250 560 320 320

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 176.60 186 186 186 186 179
Government Budget (% of GDP) 1.50 -2.6 -2.6 -2.6 -2.6 -0.4
Government Budget Value (EUR Million) -4553.20 360 -40640 5550 90 90
Government Spending (EUR Million) 8641.40 9980 10750 10280 11820 12500
Government Spending to GDP (%) 46.30 49 49 49 49 46
Government Revenues (EUR Million) 3848.00 17500 27500 29100 52430 62430
Government Debt (EUR Million) 374005.73 372000 376000 377000 370000 374000
Fiscal Expenditure (EUR Million) 5409.00 11950 34200 69000 69200 64400

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

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 90.70 95 94 98 101 105
Manufacturing PMI (points) 50.00 51.5 51.5 53.2 54 52.8
Industrial Production (%) 3.30 0.9 7.5 3.6 5.1 2.5
Industrial Production Mom (%) 6.20 1.5 0.6 0.5 1.1 0.4
Manufacturing Production (%) 6.80 1.2 7.9 4.2 5.5 2.8
Capacity Utilization (%) 74.20 66 69 72 74 74
New Orders (%) -21.00 -26 -18 -12 -10 -10
Car Registrations 7767.00 4200 10200 5100 7850 8550

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -43.20 -18 -22 -23 -26 -17
Retail Sales MoM (%) -1.10 0.6 1 -1.6 0.7 0.5
Retail Sales YoY (%) -6.90 2.2 7.5 3.7 5.6 2.3
Consumer Spending (EUR Million) 32573.20 31595 28886 31314 34408 32922
Private Sector Credit (EUR Million) 141386.48 153808 151233 150188 143649 146091
Households Debt To GDP (% of GDP) 56.40 59 59 59 59 57
Bank Lending Rate (%) 3.61 4.44 4.44 4.44 5.43 4.44
Consumer Credit (EUR Million) 14204.05 15477 14822 16991 19698 16127
Gasoline Prices (USD/Liter) 1.80 1.66 1.58 1.5 1.43 1.35

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 67.00 65 65 65.9 66 66
Home Ownership Rate (%) 73.50 72 72 72 72 72
Building Permits 1585.00 980 1250 1220 1450 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.