Markets Actual Q1 Q2 Q3 Q4 2021
Currency 1.08 1.1 1.1 1.1 1.09 1.09
Stock Market (points) 893.03 897 882 869 855 828
Government Bond 10Y (%) 0.96 1.27 1.35 1.43 1.52 1.7

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.60 0.3 0.4 0.5 0.6 0.4
GDP Annual Growth Rate (%) 2.30 2.2 1.9 2 2.4 1.8
Unemployment Rate (%) 16.50 16.5 16.2 15.9 15.5 14
Inflation Rate (%) 0.90 0.6 0.5 0.7 0.9 1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1553.90 -2000 -1900 -1900 -1630 -1510
Current Account (EUR Million) -540.00 -1100 1250 1690 -780 -650
Current Account to GDP (%) -1.10 -1 -1 -1 -1 -0.9
Government Debt to GDP (%) 181.20 170 170 170 170 166
Government Budget (% of GDP) 1.00 1 1 1 1 1.1
Business Confidence (points) 108.40 104 103 106 108 110
Manufacturing PMI (points) 54.40 52.5 51.9 52.2 52.9 52.4
Consumer Confidence (points) -10.00 -4 -6 -12 -17 -14
Retail Sales MoM (%) 0.50 -0.7 0.7 -0.4 0.9 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 Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.60 0.3 0.4 0.5 0.6 0.4
GDP Annual Growth Rate (%) 2.30 2.2 1.9 2 2.4 1.8
GDP (USD Billion) 218.03 229 229 229 229 245
GDP Constant Prices (EUR Million) 52844.10 44418 49782 53373 54112 55086
Gross Fixed Capital Formation (EUR Million) 5325.57 5563 5660 5379 5453 5552
GDP per capita (USD) 23558.10 24500 24500 24500 24500 25200
GDP per capita PPP (USD) 25140.70 26200 26200 26200 26200 26200
GDP From Agriculture (EUR Million) 1847.46 1741 1896 1866 1892 1926
GDP From Construction (EUR Million) 1491.13 1108 1559 1506 1527 1554
GDP From Mining (EUR Million) 5129.53 4878 5164 5181 5253 5347
GDP From Public Administration (EUR Million) 8750.65 9142 9402 8838 8961 9122
GDP From Services (EUR Million) 12822.64 7596 10139 12951 13130 13367

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 16.50 16.5 16.2 15.9 15.5 14
Employed Persons (Thousand) 3859.19 4270 4270 4270 4340 4410
Unemployed Persons (Thousand) 796.93 750 750 750 710 710
Part Time Employment (Thousand) 359.90 370 370 370 368 382
Full Time Employment (Thousand) 3612.00 3900 3900 3900 3972 4028
Employment Rate (%) 82.88 85.2 85.5 85.6 86 86.7
Long Term Unemployment Rate (%) 12.10 12.1 12.2 12.1 11.7 11.7
Youth Unemployment Rate (%) 35.60 35.7 35.8 35.7 35.3 35.3
Labour Costs (points) 77.70 89.4 91 79.2 96.6 97
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.74 10.68 10.68 10.68 10.68 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 (%) 52.20 52.4 52.3 52.5 52.4 52.6
Living Wage Family (EUR/Month) 1070.00 1200 1200 1200 1200 1250
Living Wage Individual (EUR/Month) 595.00 650 650 650 650 690
Productivity (points) 100.10 95 95 95 95.6 96.2
Wages High Skilled (EUR/Month) 1510.00 1650 1650 1650 1650 1700
Wages Low Skilled (EUR/Month) 717.00 840 840 840 840 870
Employment Change (%) -0.30 0.3 0.4 0.5 0.5 0.3

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 0.90 0.6 0.5 0.7 0.9 1
Consumer Price Index CPI (points) 105.94 108 108 108 109 110
Harmonised Consumer Prices (points) 101.63 102 104 104 105 106
Core Consumer Prices (points) 99.60 100 101 101 101 102
Core Inflation Rate (%) 0.40 0.4 0.6 0.5 0.7 0.9
GDP Deflator (points) 96.80 97.38 97.28 97.48 97.67 98.65
Producer Prices (points) 108.20 108 106 107 109 111
Producer Prices Change (%) 4.70 0.5 0.8 0.7 1 1.4
Import Prices (points) 117.20 103 103 103 104 105
Inflation Rate Mom (%) -1.70 1 0.7 1 0.2 0.2
CPI Housing Utilities (points) 120.20 122 119 121 122 123
CPI Transportation (points) 124.70 126 129 127 128 129
Food Inflation (%) -0.10 0.4 0.7 1.2 1.5 1.7

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.39 -0.4 -0.4 -0.4 -0.4 -0.4
Banks Balance Sheet (EUR Million) 319432.26 312000 317000 322000 325000 325000
Loans to Private Sector (EUR Million) 73753.21 79087 76257 75291 76216 77588
Loan Growth (%) -1.20 -0.2 0.8 0.5 1 1.5
Private Debt to GDP (%) 123.10 115 115 115 115 111
Central Bank Balance Sheet (EUR Million) 109016.00 117000 121000 126000 132000 144000

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (EUR Million) -1553.90 -2000 -1900 -1900 -1630 -1510
Current Account (EUR Million) -540.00 -1100 1250 1690 -780 -650
Current Account to GDP (%) -1.10 -1 -1 -1 -1 -0.9
Imports (EUR Million) 4422.70 4950 4780 4920 4680 4750
Exports (EUR Million) 2868.80 2950 2850 3020 3050 3240
External Debt (EUR Million) 445385.36 410000 410000 414000 416000 423000
Capital Flows (EUR Million) 238.99 -760 -760 -760 -360 -400
Remittances (EUR Million) 135.10 102 102 102 106 110
Tourism Revenues (EUR Million) 288.91 348 2770 2990 320 370
Tourist Arrivals (persons) 531055.00 386000 2881000 2999000 465000 495000
Foreign Direct Investment (EUR Million) 261.10 710 750 420 400 450

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 181.20 170 170 170 170 166
Government Budget (% of GDP) 1.00 1 1 1 1 1.1
Government Budget Value (EUR Million) -2089.60 450 450 450 360 90
Government Spending (EUR Million) 9521.80 9478 10601 9617 9750 9926
Government Spending to GDP (%) 46.70 45.8 45.8 45.8 45.8 45.4
Government Revenues (EUR Million) 53751.00 12950 12950 12950 55910 56430
Government Debt (EUR Million) 356014.92 364000 364000 366000 369000 370000
Fiscal Expenditure (EUR Million) 56037.00 12500 12500 12500 55550 56340
Asylum Applications (persons) 9490.00 2600 2600 2600 2500 2100

Taxes Actual Q1 Q2 Q3 Q4 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 (%) 41.06 41.06 41.06 41.06 41.06 41.06
Social Security Rate For Companies (%) 25.06 25.06 25.06 25.06 25.06 25.06
Social Security Rate For Employees (%) 16.00 16 16 16 16 16

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) 108.40 104 103 106 108 110
Manufacturing PMI (points) 54.40 52.5 51.9 52.2 52.9 52.4
Industrial Production (%) -4.50 1 0.9 1.2 1.4 1.5
Industrial Production Mom (%) 2.60 -0.7 1.4 -1.6 1.2 1.1
Manufacturing Production (%) 0.30 0.7 1 0.9 0.8 1.2
Capacity Utilization (%) 73.90 73.4 73.4 73.4 74 75
New Orders (%) -7.00 -10 -10 -10 -4 -6
Car Registrations 9785.00 10100 14500 5100 7650 9150
Mining Production (%) -5.00 1.5 1.1 1.2 1.4 1

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) -10.00 -4 -6 -12 -17 -14
Retail Sales MoM (%) 0.50 -0.7 0.7 -0.4 0.9 0.7
Retail Sales YoY (%) 3.10 2 2.2 1.9 1.8 1.8
Consumer Spending (EUR Million) 33453.10 31410 33514 33788 34256 34873
Private Sector Credit (EUR Million) 154158.05 166702 162662 158746 160258 163143
Bank Lending Rate (%) 4.14 4.16 4.16 4.16 4.16 4.16
Consumer Credit (EUR Million) 16257.41 18518 18312 17320 17438 17752
Gasoline Prices (USD/Liter) 1.78 1.59 1.63 1.67 1.72 1.72
Households Debt To GDP (% of GDP) 55.10 51.9 51.9 51.9 51.9 51.5

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 64.40 64.5 65 65.5 66 68
Building Permits 1785.00 1450 1320 1175 1290 1320
Home Ownership Rate (%) 73.50 72.4 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.