Markets Actual Q4 Q1 Q2 Q3 2023
Currency 1.05 1.04 1.02 1 0.99 0.96
Stock Market (points) 904.60 870 838 806 776 719
Government Bond 10Y (%) 3.82 4.03 4.18 4.35 4.52 4.89

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 1.20 -0.5 0.8 1.5 0.4 0.4
GDP Annual Growth Rate (%) 7.70 4.2 2.8 2.8 2.8 3.1
Unemployment Rate (%) 11.60 14.2 14.5 14.5 14.5 14.8
Inflation Rate (%) 9.10 11 8 5.8 4 1.5
Interest Rate (%) 2.00 2.5 3 3.5 3.5 3.5
Balance of Trade (EUR Million) -3610.00 -1420 -1440 -1440 -1440 -1360
Current Account (EUR Million) -811.40 -1500 -1300 -1300 -1300 -1000
Current Account to GDP (% of GDP) -5.90 -5.3 -4 -4 -4 -4
Government Debt to GDP (% of GDP) 193.30 186 185 185 185 185
Government Budget (% of GDP) -7.40 -4.2 -0.7 -0.7 -0.7 -0.7
Business Confidence (points) 101.40 109 103 103 103 109
Manufacturing PMI (points) 48.40 54.6 54 54 54 54.6
Consumer Confidence (points) -51.90 -22 -21 -21 -21 -23
Retail Sales MoM (%) 0.90 0.6 0.2 0.2 0.2 0.6
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 44.00 44 44 44 44 44

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 1.20 -0.5 0.8 1.5 0.4 0.4
GDP Annual Growth Rate (%) 7.70 4.2 2.8 2.8 2.8 3.1
GDP (USD Billion) 216.24 245 245 245 245 304
GDP Constant Prices (EUR Million) 47744.50 52993 47898 45552 49081 49383
Gross Fixed Capital Formation (EUR Million) 6225.14 6300 6313 6461 6399 6509
GDP per Capita (USD) 18831.29 23900 23900 23900 23900 24600
GDP per Capita PPP (USD) 29428.39 30000 30000 30000 30000 30700
Full Year GDP Growth (%) 8.40 6.5 1.7 1.7 1.7 1.7
GDP from Agriculture (EUR Million) 1666.73 1607 1633 1713 1713 1656
GDP from Construction (EUR Million) 948.75 906 977 1051 975 1008
GDP from Mining (EUR Million) 6893.64 7550 7083 6620 7087 7302
GDP from Public Administration (EUR Million) 7784.27 8051 8284 8165 8002 8541
GDP from Services (EUR Million) 11242.88 14067 10305 8933 11558 10625

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 11.60 14.2 14.5 14.5 14.5 14.8
Employed Persons (Thousand) 4152.22 4300 4300 4300 4300 4400
Unemployed Persons (Thousand) 521.27 590 590 590 590 550
Employment Rate (%) 88.85 87.4 87.4 87.4 87.4 87.8
Long Term Unemployment Rate (%) 7.70 10.1 10.4 10.4 10.4 10.7
Youth Unemployment Rate (%) 27.30 29.9 30.2 30.2 30.2 30.5
Labour Costs (points) 91.41 105 105 105 105 108
Minimum Wages (EUR/Month) 831.83 758 758 758 758 758
Population (Million) 10.68 10.67 10.67 10.67 10.67 10.65
Retirement Age Women (Years) 67.00 67 67 67 67 67
Retirement Age Men (Years) 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 52.60 52.6 52.6 52.6 52.6 52.9
Productivity (points) 99.16 109 109 109 109 109
Employment Change (%) 0.40 0.4 0.4 0.4 0.4 0.4

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 9.10 11 8 5.8 4 1.5
Consumer Price Index CPI (points) 113.16 116 117 120 119 118
Harmonised Consumer Prices (points) 113.85 116 117 121 120 118
Core Consumer Prices (points) 106.26 106 104 107 108 107
Core Inflation Rate (%) 5.20 4.5 3.6 3.2 2.5 1.6
GDP Deflator (points) 101.01 112 109 107 105 114
Producer Prices (points) 159.30 170 197 183 172 187
Producer Prices Change (%) 35.40 35.5 30 22 17 10
Inflation Rate MoM (%) -1.20 0.4 0.6 0.6 0.6 0.4
Food Inflation (%) 14.80 12.7 9 5.5 5.5 3.7
CPI Housing Utilities (points) 123.34 131 143 142 145 133
CPI Transportation (points) 122.49 123 124 124 125 126

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 2.00 2.5 3 3.5 3.5 3.5
Interbank Rate (%) -0.56 -0.06 0.44 0.94 0.94 0.94
Banks Balance Sheet (EUR Million) 338293.16 355000 355000 355000 355000 362000
Loans to Private Sector (EUR Million) 68075.76 68107 68478 71766 73041 72193
Loan Growth (%) 6.20 7.3 6.8 6.6 6.2 6
Private Debt to GDP (%) 134.60 127 127 127 127 125
Central Bank Balance Sheet (EUR Million) 251892.00 239000 239000 239000 239000 245000

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (EUR Million) -3610.00 -1420 -1440 -1440 -1440 -1360
Current Account (EUR Million) -811.40 -1500 -1300 -1300 -1300 -1000
Current Account to GDP (% of GDP) -5.90 -5.3 -4 -4 -4 -4
Imports (EUR Million) 8332.70 4700 4750 4750 4750 4870
Exports (EUR Million) 4726.20 3280 3310 3310 3310 3510
External Debt (EUR Million) 560813.21 497000 497000 497000 497000 505000
Capital Flows (EUR Million) 76.58 -760 -760 -760 -760 -760
Tourism Revenues (EUR Million) 2855.36 250 250 250 250 290
Tourist Arrivals 1870218.00 445000 445000 445000 445000 515000
Foreign Direct Investment (EUR Million) 621.80 290 290 290 290 290

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 193.30 186 185 185 185 185
Government Budget (% of GDP) -7.40 -4.2 -0.7 -0.7 -0.7 -0.7
Government Budget Value (EUR Million) -116.20 30 30 30 30 2200
Government Spending (EUR Million) 9614.50 9980 10415 9102 9884 10500
Government Spending to GDP (% of GDP) 56.90 52 52 52 52 50
Government Revenues (EUR Million) 48866.00 64430 64430 64430 64430 68100
Government Debt (EUR Million) 393489.34 385000 385000 385000 385000 388000
Fiscal Expenditure (EUR Million) 53635.00 64400 64400 64400 64400 65900

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 44.00 44 44 44 44 44
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 36.66 40.06 36.66 36.66 36.66 36.66
Social Security Rate For Companies (%) 22.54 24.06 22.54 22.54 22.54 22.54
Social Security Rate For Employees (%) 14.12 16 14.12 14.12 14.12 14.12

Business Actual Q4 Q1 Q2 Q3 2023
Business Confidence (points) 101.40 109 103 103 103 109
Manufacturing PMI (points) 48.40 54.6 54 54 54 54.6
Industrial Production (%) -1.10 3 2.8 2.7 2.7 2.6
Industrial Production Mom (%) -3.00 0.5 0.5 0.4 0.4 0.5
Manufacturing Production (%) 4.30 3.2 3.2 3.2 3.2 3.2
Capacity Utilization (%) 75.80 81 81 81 81 81.8
New Orders (%) -9.00 -6 -6 -6 -6 -8
Car Registrations (Units) 7801.00 9550 9550 9550 9550 9780

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) -51.90 -22 -21 -21 -21 -23
Retail Sales MoM (%) 0.90 0.6 0.2 0.2 0.2 0.6
Retail Sales YoY (%) 1.40 4.2 3.9 3.7 3.7 3.2
Consumer Spending (EUR Million) 34966.30 35921 34660 32714 35945 35734
Private Sector Credit (EUR Million) 111889.42 116477 115870 119116 119951 123465
Households Debt to GDP (% of GDP) 51.90 57 57 57 57 55
Gasoline Prices (USD/Liter) 2.00 2.08 2.15 2.24 2.32 2.49
Consumer Credit (EUR Million) 8747.71 9390 8949 9054 9057 9681
Bank Lending Rate (%) 5.08 5.58 6.08 6.58 6.58 6.58

Housing Actual Q4 Q1 Q2 Q3 2023
Housing Index (points) 81.90 78 78 78 78 80
Home Ownership Rate (%) 73.30 71.8 71.8 71.8 71.8 71.4
Construction Output (%) 28.90 4.4 4.4 4.4 4.4 3
Building Permits (Units) 1685.00 2350 2350 2350 2350 2240