Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.14 1.15 1.14 1.13 1.13 1.1
Stock Market (points) 632.04 681 671 660 651 612
Government Bond 10Y (%) 4.38 4.31 4.43 4.55 4.68 5.22
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.00 0.5 0.6 0.5 0.5 0.6
GDP Annual Growth Rate (%) 2.20 2 1.8 1.9 2 2.1
Unemployment Rate (%) 18.60 17.9 17.5 17.1 16.5 15.1
Inflation Rate (%) 1.00 1 1.4 1.4 1.5 1.7
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) -2205.70 -1600 -2110 -1470 -1380 -1630
Current Account (EUR Million) 550.80 -1100 -1200 950 1550 -780
Current Account to GDP (%) -0.80 -1 -0.5 -0.5 -0.5 -0.2
Government Debt to GDP (%) 178.60 176 174 174 174 172
Government Budget (% of GDP) 0.80 1.1 1.5 1.5 1.5 0.5
Business Confidence (Index Points) 101.80 105 101 104 103 109
Manufacturing PMI 54.00 53.8 50.4 53.6 52.5 54
Consumer Confidence (Index Points) -35.80 -43 -40 -37 -36 -27
Retail Sales MoM (%) -0.10 1.5 -0.4 0.8 0.15 0.9
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.00 0.5 0.6 0.5 0.5 0.6
GDP Annual Growth Rate (%) 2.20 2 1.8 1.9 2 2.1
GDP (USD Billion) 200.29 207 215 215 215 222
GDP Constant Prices (EUR Million) 51452.00 47734 45036 49094 49142 49857
Gross Fixed Capital Formation (EUR Million) 5171.00 7286 5234 5241 5246 7610
GDP per capita (USD) 23027.41 23400 23800 23800 23800 24500
GDP per capita PPP (USD) 24574.38 25600 25900 25900 25900 26200
GDP From Agriculture (EUR Million) 1945.77 1640 1768 1736 1738 1713
GDP From Construction (EUR Million) 1292.00 1947 802 1081 1082 2033
GDP From Mining (EUR Million) 5151.52 5306 5303 5788 5793 5543
GDP From Public Administration (EUR Million) 8970.13 9234 9361 9372 9381 9645
GDP From Services (EUR Million) 12300.17 7924 7390 9532 9541 8276
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 18.60 17.9 17.5 17.1 16.5 15.1
Employed Persons (Thousand) 3932.34 4010 4100 4150 4200 4400
Unemployed Persons (Thousand) 837.10 850 810 750 780 710
Part Time Employment (Thousand) 337.20 385 386 388 355 396
Full Time Employment (Thousand) 3557.00 3600 3610 3620 3551 3700
Employment Rate (%) 82.45 82 82.4 82.7 82.9 83.6
Long Term Unemployment Rate (%) 13.70 13.2 12.7 12.5 12 9.5
Youth Unemployment Rate (%) 36.60 37.6 37.2 36.4 32.61 30.6
Labour Costs (Index Points) 78.30 95.9 89.1 90.2 81.63 96.6
Job Vacancies 14466.00 12500 18900 15100 9887 16300
Minimum Wages (EUR/Month) 683.76 684 684 684 684 684
Population (Million) 10.74 10.74 10.69 10.69 10.69 10.64
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 52.7 52.7 52.8 51.63 53.2
Living Wage Family (EUR/Month) 1070.00 1050 1070 1070 1070 1200
Living Wage Individual (EUR/Month) 595.00 580 620 620 620 650
Productivity (Index Points) 98.50 94.4 94.6 94.2 97.02 95.6
Wages (EUR/Month) 1060.45 1065 1095 1055 1057 1200
Wages High Skilled (EUR/Month) 1510.00 1700 1750 1750 1750 1750
Wages Low Skilled (EUR/Month) 717.00 800 850 850 850 850
Employment Change (%) 0.80 0.5 0.4 0.4 0.1 0.5
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.00 1 1.4 1.4 1.5 1.7
Consumer Price Index CPI (Index Points) 106.81 107 108 109 109 111
Harmonised Consumer Prices (Index Points) 101.96 1.1 107 105 105 115
Core Consumer Prices (Index Points) 100.00 100 100 102 101 103
Core Inflation Rate (%) 0.10 0.7 0.7 1.1 1.2 1.7
GDP Deflator (Index Points) 95.00 96 98 98 98 102
Producer Prices (Index Points) 109.90 109 109 113 114 114
Producer Prices Change (%) 7.70 4 3.2 2.5 2.5 2.3
Import Prices (Index Points) 106.19 105 105 106 106 109
Inflation Rate Mom (%) -0.70 0.6 0.4 0.4 0.12 0.5
CPI Housing Utilities (Index Points) 122.18 120 120 121 121 124
CPI Transportation (Index Points) 123.90 122 124 130 127 126
Food Inflation (%) 1.00 1.5 1.6 1.8 1.84 2
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Money Supply M0 (EUR Million) 31162.00 33100 33700 34200 32351 39900
Money Supply M1 (EUR Million) 120634.00 125000 129000 132000 123478 145000
Interbank Rate (%) -0.32 -0.32 -0.32 -0.32 -0.07 0.43
Money Supply M2 (EUR Million) 175279.00 180000 182000 184000 177355 199000
Money Supply M3 (EUR Million) 176008.00 181000 185000 191000 178238 214000
Banks Balance Sheet (EUR Million) 291631.15 312000 316000 318000 278605 342000
Loans to Private Sector (EUR Million) 84174.24 89600 90100 91500 80878 101000
Loan Growth (%) -1.80 -0.7 0.2 0.5 1.1 1.8
Private Debt to GDP (%) 131.90 130 125 125 125 119
Central Bank Balance Sheet (EUR Million) 108397.00 115000 119000 125000 107038 151000
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) -2205.70 -1600 -2110 -1470 -1380 -1630
Current Account (EUR Million) 550.80 -1100 -1200 950 1550 -780
Current Account to GDP (%) -0.80 -1 -0.5 -0.5 -0.5 -0.2
Imports (EUR Million) 5324.20 4450 4920 4240 4250 4680
Exports (EUR Million) 3118.50 2750 2810 2770 2870 3050
External Debt (EUR Million) 395304.50 419000 424000 428000 375123 445000
Capital Flows (EUR Million) 605.60 -280 -820 750 1240 -360
Remittances (EUR Million) 68.20 79 85 87 74.74 89
Tourism Revenues (EUR Million) 2441.10 250 228 2450 2850 320
Tourist Arrivals (persons) 3024440.00 401000 372000 2791000 1848800 465000
Crude Oil Production (BBL/D/1K) 4.00 4 4 4 3.99 4
Foreign Direct Investment (EUR Million) 167.60 290 750 690 300 400
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 178.60 176 174 174 174 172
Government Budget (% of GDP) 0.80 1.1 1.5 1.5 1.5 0.5
Government Budget Value (EUR Million) 1346.80 250 410 -700 -210 390
Government Spending (EUR Million) 9607.00 11188 9419 9865 9875 11685
Government Spending to GDP (%) 48.00 47.5 46 46 46 44
Government Revenues (EUR Million) 42436.00 55510 12620 24100 36410 55730
Government Debt (EUR Million) 356034.10 346000 349000 350000 358058 362000
Fiscal Expenditure (EUR Million) 40786.00 55260 12210 24800 36620 55340
Asylum Applications (persons) 5585.00 5400 2800 4200 5150 2500
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 29.00 29 29 29 29 29
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 40.06 40.06 40.06 40.06 40.06 40.06
Social Security Rate For Companies (%) 24.06 24.06 24.06 24.06 24.06 24.06
Social Security Rate For Employees (%) 16.00 16 16 16 16 16
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 101.80 105 101 104 103 109
Manufacturing PMI 54.00 53.8 50.4 53.6 52.5 54
Industrial Production (%) -1.10 1.9 2.5 2.4 1.5 2.2
Industrial Production Mom (%) -1.50 1.6 -0.8 1.8 -2 1.2
Manufacturing Production (%) -1.30 2.8 2.5 2.2 1.7 2.1
Capacity Utilization (%) 70.70 71.1 71.4 71.7 70.59 74
New Orders (%) -15.00 -8 -7 -10 -9 -4
Car Registrations 6893.00 6650 10100 10900 7500 8650
Mining Production (%) -4.80 3.2 1.5 1.7 2 1.4
Steel Production (Thousand Tonnes) 150.00 120 95 130 127 136
Electricity Production (Gigawatt-hour) 3603.00 5100 3870 4400 4134 5150
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -35.80 -43 -40 -37 -36 -27
Retail Sales MoM (%) -0.10 1.5 -0.4 0.8 0.15 0.9
Retail Sales YoY (%) 3.30 1.5 1.5 1.7 2.16 2
Consumer Spending (EUR Million) 32998.00 32649 31606 33239 33271 34101
Private Sector Credit (EUR Million) 174775.57 191000 195000 197000 166742 215000
Bank Lending Rate (%) 4.64 4.71 4.71 4.71 4.96 5.46
Consumer Credit (EUR Million) 20261.20 26100 26900 27200 18282 39100
Gasoline Prices (USD/Liter) 1.86 1.83 1.8 1.77 1.73 1.61
Households Debt To GDP (% of GDP) 55.70 54.9 52.5 52.5 52.5 51.9
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index Points) 60.30 62 62.5 63 64 66
Building Permits (units) 1197.00 1320 1400 1290 1150 2740
Home Ownership Rate (%) 73.30 73.2 72.7 72.7 72.7 72


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.