Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.19 1.19 1.18 1.18 1.17 1.16
Stock Market (points) 705.21 681 659 638 618 578
Government Bond 10Y (%) 0.69 0.71 0.74 0.77 0.8 0.87

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -14.00 -2.6 1.5 2.4 1.8 1.1
GDP Annual Growth Rate (%) -15.20 -4.8 -2.6 12.6 8.2 6.2
Unemployment Rate (%) 16.80 20 19.5 18.8 18.2 17.4
Inflation Rate (%) -1.80 -1.4 -1.3 -0.4 1 2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -1480.40 -1530 -1670 -1300 -1640 -1410
Current Account (EUR Million) -499.00 -1780 -650 -520 -870 -920
Current Account to GDP (%) -1.40 -0.3 -1.2 -1.2 -1.2 -1.2
Government Debt to GDP (%) 176.60 192 186 186 186 186
Government Budget (% of GDP) 1.50 -6.6 -2.6 -2.6 -2.6 -2.6
Business Confidence (points) 92.30 92 95 94 98 101
Manufacturing PMI (points) 48.70 52 51.5 51.5 53.2 54
Consumer Confidence (points) -45.50 -23 -18 -22 -23 -26
Retail Sales MoM (%) -0.90 0.9 0.6 1 -1.6 0.7
Corporate Tax Rate (%) 24.00 29 24 24 24 29
Personal Income Tax Rate (%) 44.00 45 44 44 44 45

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -14.00 -2.6 1.5 2.4 1.8 1.1
GDP Annual Growth Rate (%) -15.20 -4.8 -2.6 12.6 8.2 6.2
GDP (USD Billion) 209.85 175 200 200 200 200
GDP Constant Prices (EUR Million) 41813.80 49841 45765 42332 47082 50888
Gross Fixed Capital Formation (EUR Million) 5105.55 5193 5417 5079 5749 5302
GDP per capita (USD) 24024.20 22500 23200 23200 23200 23200
GDP per capita PPP (USD) 30314.60 28200 29100 29100 29100 29100
GDP From Agriculture (EUR Million) 1736.56 2029 1807 1613 1955 2071
GDP From Construction (EUR Million) 1962.03 2483 2081 1264 2209 2535
GDP From Mining (EUR Million) 4531.18 5141 4525 4619 5102 5249
GDP From Public Administration (EUR Million) 9412.14 9559 8671 8864 10598 9760
GDP From Services (EUR Million) 6440.44 8957 8319 6913 7252 9145

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 16.80 20 19.5 18.8 18.2 17.4
Employed Persons (Thousand) 3847.71 3690 3700 3740 3790 3820
Unemployed Persons (Thousand) 733.25 1020 1050 1010 980 910
Employment Rate (%) 83.99 77 78.6 79.5 82 82.3
Long Term Unemployment Rate (%) 11.00 11.1 10.6 9.9 9.3 8.5
Youth Unemployment Rate (%) 39.30 37.9 37.4 36.7 36.1 35.3
Labour Costs (points) 100.80 91.5 94.4 95 79 94
Minimum Wages (EUR/Month) 758.33 758 758 758 758 758
Population (Million) 10.72 10.68 10.65 10.65 10.65 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 (%) 50.80 50.2 50.6 51.5 52 52.2
Productivity (points) 114.80 95.6 96.2 97 97.5 99
Employment Change (%) -3.20 -1 0.6 0.3 0.4 0.6

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -1.80 -1.4 -1.3 -0.4 1 2
Harmonised Consumer Prices (points) 101.13 105 101 101 102 106
Consumer Price Index CPI (points) 105.77 106 106 105 106 108
Core Consumer Prices (points) 97.96 98.5 99.3 98.46 98.73 99.48
Core Inflation Rate (%) -1.40 -0.7 0.4 0.4 1.1 1
GDP Deflator (points) 96.54 95.19 95.28 96.15 97.51 97.09
Producer Prices (points) 94.90 103 94.34 99.39 98.57 105
Producer Prices Change (%) -8.60 -2.7 -0.8 4.4 3 2.6
Inflation Rate Mom (%) 0.30 0.5 0.3 0.3 1.9 0.3
CPI Housing Utilities (points) 114.46 119 116 113 114 121
CPI Transportation (points) 117.81 125 122 116 118 127
Food Inflation (%) 1.90 1.3 1.1 1.4 1.5 1.7

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.33 -0.06 -0.33 -0.33 -0.33 0.44
Banks Balance Sheet (EUR Million) 337830.89 345000 342000 348000 347000 351000
Loans to Private Sector (EUR Million) 73717.70 77367 75656 75085 75118 78605
Private Debt to GDP (%) 123.10 132 130 130 130 130
Loan Growth (%) 10.60 4.9 4.2 2.5 1.9 1.6
Central Bank Balance Sheet (EUR Million) 169154.00 176000 172000 175000 174000 182000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (EUR Million) -1480.40 -1530 -1670 -1300 -1640 -1410
Current Account (EUR Million) -499.00 -1780 -650 -520 -870 -920
Current Account to GDP (%) -1.40 -0.3 -1.2 -1.2 -1.2 -1.2
Imports (EUR Million) 4037.20 4030 3860 3890 4400 4290
Exports (EUR Million) 2556.80 2500 2190 2590 2760 2880
External Debt (EUR Million) 472645.31 465000 469000 474000 473000 475000
Capital Flows (EUR Million) -267.96 -1200 -680 550 420 -800
Tourism Revenues (EUR Million) 825.48 120 220 1980 1800 190
Tourist Arrivals (persons) 367378.00 225000 451000 2165000 2420000 308000
Foreign Direct Investment (EUR Million) 133.50 -440 -120 250 560 320

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 176.60 192 186 186 186 186
Government Budget (% of GDP) 1.50 -6.6 -2.6 -2.6 -2.6 -2.6
Government Budget Value (EUR Million) -1587.70 360 -40640 5550 -6700 90
Government Spending (EUR Million) 10200.40 11900 9980 10750 10280 11820
Government Spending to GDP (%) 46.30 54 49 49 49 49
Government Revenues (EUR Million) 38403.00 41910 17500 27500 29100 52430
Government Debt (EUR Million) 364864.58 369000 372000 376000 377000 370000
Fiscal Expenditure (EUR Million) 51845.00 82550 11950 34200 69000 69200

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 24.00 29 24 24 24 29
Personal Income Tax Rate (%) 44.00 45 44 44 44 45
Sales Tax Rate (%) 24.00 24 24 24 24 24
Social Security Rate (%) 40.56 40.06 40.56 40.56 40.56 40.06
Social Security Rate For Companies (%) 24.81 24.06 24.81 24.81 24.81 24.06
Social Security Rate For Employees (%) 15.75 16 15.75 15.75 15.75 16

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 92.30 92 95 94 98 101
Manufacturing PMI (points) 48.70 52 51.5 51.5 53.2 54
Industrial Production (%) -2.40 -2.6 0.9 7.5 3.6 5.1
Industrial Production Mom (%) 1.40 -1.2 1.5 0.6 0.5 1.1
Manufacturing Production (%) 0.00 -3.2 1.2 7.9 4.2 5.5
Capacity Utilization (%) 73.80 67 66 69 72 74
New Orders (%) -21.00 -20 -26 -18 -12 -10
Car Registrations 7107.00 5500 4200 10200 5100 7850

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -45.50 -23 -18 -22 -23 -26
Retail Sales MoM (%) -0.90 0.9 0.6 1 -1.6 0.7
Retail Sales YoY (%) -1.00 -3 2.2 7.5 3.7 5.6
Consumer Spending (EUR Million) 29255.80 33700 31423 30027 32942 34408
Private Sector Credit (EUR Million) 147387.87 161712 153808 151233 150188 164299
Households Debt To GDP (% of GDP) 54.50 61 59 59 59 59
Bank Lending Rate (%) 3.57 4.93 3.62 3.62 3.62 5.43
Consumer Credit (EUR Million) 15037.33 19292 15477 14822 16991 19698
Gasoline Prices (USD/Liter) 1.65 1.55 1.54 1.47 1.39 1.47

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 67.00 63.4 65 65 65.9 66
Home Ownership Rate (%) 73.50 72.4 72 72 72 72
Building Permits 1294.00 1320 980 1250 1220 1450


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.