Markets Actual Q4 Q1 Q2 Q3 2023
Stock Market (points) 8322.10 8137 7867 7606 7354 6873
Currency 1.03 1.02 1.01 0.99 0.97 0.94
Government Bond 10Y (%) 2.91 3.16 3.38 3.61 3.86 4.4

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.20 -0.1 0.8 0.6 0.7 0.5
GDP Annual Growth Rate (%) 3.80 1.8 2.5 3.5 3.5 3.7
Unemployment Rate (%) 12.67 12.4 12 11 11 11
Inflation Rate (%) 6.80 7.7 6 5.1 4.8 3.5
Inflation Rate MoM (%) -0.10 0.6 0.3 0.4 0.4 0.6
Interest Rate (%) 2.00 2.5 3 3.5 3.5 3.5
Balance of Trade (EUR Thousand) -6975995.00 -7800000 -7350000 -6350000 -6350000 -5500000
Current Account (EUR Million) -112.00 -320 -220 280 -250 -500
Current Account to GDP (% of GDP) 0.90 0.3 1.1 1.1 1.1 1.1
Government Debt to GDP (% of GDP) 118.40 115 114 114 114 114
Government Budget (% of GDP) -6.90 -5 -4.5 -4.5 -4.5 -4.5
Business Confidence (points) -7.70 -15 -9 -7 -5 -3
Manufacturing PMI (points) 44.70 47.2 51.9 53.2 52.8 51.7
Services PMI (points) 49.70 48.3 50.8 51.5 51 50.5
Consumer Confidence (points) 54.70 85 84 92 90 100
Retail Sales MoM (%) 0.20 0.6 -0.5 0.4 -0.3 0.6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 47.00 47 47 47 47 47

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.20 -0.1 0.8 0.6 0.7 0.5
GDP Annual Growth Rate (%) 3.80 1.8 2.5 3.5 3.5 3.7
GDP (USD Billion) 1425.28 1450 1450 1450 1450 1510
GDP Constant Prices (EUR Million) 328764.00 325094 326625 335143 340271 337123
Gross Fixed Capital Formation (EUR Million) 68347.00 63489 67297 68234 70739 65838
GDP per Capita (USD) 26238.78 32900 32900 32900 32900 33800
GDP per Capita PPP (USD) 38097.84 39660 39660 39660 39660 40260
Full Year GDP Growth (%) 5.50 4.5 1.2 1.2 1.2 1.2
GDP from Agriculture (EUR Million) 7708.00 8669 7773 7511 7978 8990
GDP from Construction (EUR Million) 15468.00 15479 15684 15918 16009 16051
GDP from Manufacturing (EUR Million) 39110.00 37244 37444 39128 40479 38622
GDP from Public Administration (EUR Million) 51401.00 53141 52933 51110 53200 55107
GDP from Services (EUR Million) 220013.00 217398 216976 225105 227713 225442
GDP from Transport (EUR Million) 71521.00 69015 68908 75128 74024 71569

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 12.67 12.4 12 11 11 11
Employed Persons (Thousand ) 20545.70 19900 19900 19900 19900 20400
Unemployed Persons (Thousand ) 2914.89 3260 3260 3260 3260 3180
Unemployment Change (Thousand ) -27.03 -20 25 -42 22 -9
Long Term Unemployment Rate (%) 5.10 5.02 4.62 3.62 3.62 3.62
Youth Unemployment Rate (%) 32.10 31.83 31.43 30.43 30.43 30.43
Labour Costs (points) 113.00 116 110 116 116 118
Wages (EUR/Month) 2153.88 2015 2220 2057 2208 2264
Minimum Wages (EUR/Month) 1166.67 1210 1210 1210 1210 1270
Population (Million) 47.40 47.85 47.85 47.85 47.85 48.21
Retirement Age Women 66.17 66.17 66.17 66.17 66.17 66.33
Retirement Age Men 66.17 66.17 66.17 66.17 66.17 66.33
Wage Growth (%) 4.34 2.5 2.5 2.5 2.5 2
Labor Force Participation Rate (%) 58.86 59.5 59.5 59.5 59.5 59.8
Employment Change (%) -0.70 0.4 0.4 0.4 0.4 0.4
Employment Rate (%) 51.40 50.7 50.7 50.7 50.7 51

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 6.80 7.7 6 5.1 4.8 3.5
Inflation Rate MoM (%) -0.10 0.6 0.3 0.4 0.4 0.6
Consumer Price Index CPI (points) 109.74 112 114 116 115 116
Harmonised Consumer Prices (points) 117.07 120 122 124 123 124
Core Consumer Prices (points) 107.13 108 108 110 110 112
Core Inflation Rate (%) 6.30 6 5.2 4.4 4.1 3.6
Producer Prices (points) 164.50 181 190 173 172 186
Producer Prices Change (%) 26.10 32.8 23 7 3 2.5
Food Inflation (%) 15.40 17.8 14.5 10 5 4
Harmonised Inflation Rate YoY (%) 6.60 7.8 4.5 3.2 3.2 2.5
CPI Housing Utilities (points) 110.79 121 132 124 124 126
CPI Transportation (points) 112.59 113 114 114 115 115

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 2.00 2.5 3 3.5 3.5 3.5
Interbank Rate (%) -0.38 0.12 0.62 1.12 1.12 1.12
Banks Balance Sheet (EUR Billion) 3124.11 3290 3290 3290 3290 3340
Loans to Private Sector (EUR Million) 472084.00 485995 479329 485073 486247 500575
Loan Growth (%) 3.20 3 3 3 3 3
Private Debt to GDP (%) 206.30 198 198 198 198 195
Central Bank Balance Sheet (EUR Million) 1224696.00 1199000 1199000 1199000 1199000 1239000

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (EUR Thousand) -6975995.00 -7800000 -7350000 -6350000 -6350000 -5500000
Current Account (EUR Million) -112.00 -320 -220 280 -250 -500
Current Account to GDP (% of GDP) 0.90 0.3 1.1 1.1 1.1 1.1
Imports (EUR Thousand) 41597358.37 39700000 39500000 39400000 39400000 39000000
Exports (EUR Thousand ) 34621363.63 31900000 32150000 33050000 33050000 33500000
Foreign Direct Investment (EUR Million) 5752.00 3650 3650 3650 3650 3870
Tourist Arrivals (Thousand) 7822.16 3220 3220 3220 3220 4150
Tourism Revenues (EUR Million) 9034.00 3640 3640 3640 3640 4340
External Debt (EUR Thousand) 2328155000.00 2423000000 2423000000 2423000000 2423000000 2494000000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 118.40 115 114 114 114 114
Government Budget (% of GDP) -6.90 -5 -4.5 -4.5 -4.5 -4.5
Government Spending (EUR Million) 66982.00 64800 67722 68710 69326 66400
Government Spending to GDP (% of GDP) 50.60 46 46 46 46 44
Government Debt (EUR Thousand) 1475367869.00 1429000000 1429000000 1429000000 1429000000 1446000000

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 47.00 47 47 47 47 47
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 36.25 36.25 36.25 36.25 36.25 36.25
Social Security Rate For Companies (%) 29.90 29.9 29.9 29.9 29.9 29.9
Social Security Rate For Employees (%) 6.35 6.35 6.35 6.35 6.35 6.35

Business Actual Q4 Q1 Q2 Q3 2023
Business Confidence (points) -7.70 -15 -9 -7 -5 -3
Manufacturing PMI (points) 44.70 47.2 51.9 53.2 52.8 51.7
Services PMI (points) 49.70 48.3 50.8 51.5 51 50.5
Industrial Production (%) 3.60 3.4 -2.5 -6.8 0.5 0.8
Industrial Production Mom (%) -0.30 0.5 0.5 0.5 0.5 0.4
Manufacturing Production (%) 2.15 3.8 3.8 3.8 3.8 3.8
Total Vehicle Sales (Units) 65966.00 82235 73500 91850 58800 78900
Car Production (Hundred Units) 1643.00 1710 1710 1710 1710 1940
Car Registrations 65966.00 62500 65500 70500 71000 66000
Electricity Price (EUR/MWh) 141.39 84.86 64.9 49.63 37.96 22.2
Composite PMI (points) 48.00 48.1 49.8 50.3 50.9 51

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) 54.70 85 84 92 90 100
Retail Sales MoM (%) 0.20 0.6 -0.5 0.4 -0.3 0.6
Retail Sales YoY (%) 0.10 -4.2 1.5 2.3 0.8 2.4
Consumer Spending (EUR Million) 185350.00 176945 180627 186683 191837 183492
Disposable Personal Income (EUR Million) 265628.00 253507 224184 274925 274925 262887
Consumer Credit (EUR Thousand) 655936816.00 659054923 653967484 659063564 678894605 678164281
Private Sector Credit (EUR Million) 1193332.00 1228772 1218985 1237867 1229132 1265636
Bank Lending Rate (%) 1.72 2.22 2.72 3.22 3.22 3.22
Households Debt to GDP (% of GDP) 57.00 60 60 60 60 59
Households Debt to Income (%) 89.46 100 100 100 100 98
Gasoline Prices (USD/Liter) 1.68 1.78 1.85 1.92 2 2.14

Housing Actual Q4 Q1 Q2 Q3 2023
Construction Output (%) -12.30 3.6 3.6 3.6 3.6 3.6
Housing Index (EUR/SQ. METRE) 1740.00 1825 1838 1829 1824 1888
Home Ownership Rate (%) 75.80 75.8 75.8 75.8 75.8 75.7
Housing Starts (Thousand units) 0.89 2.9 2.9 2.9 2.9 2.7
New Home Sales (Thousand units) 10.05 9.8 9.8 9.8 9.8 11
Mortgage Approvals (Units) 36721.00 28700 28700 28700 28700 30400
Existing Home Sales (Thousand) 47.28 32 32 32 32 37