Markets Actual Q2 Q3 Q4 Q1 2023
Currency 1.05 1.04 1.03 1.02 1.01 0.99
Stock Market (points) 818.20 804 775 747 719 668
Government Bond 10Y (%) 3.83 3.97 4.16 4.36 4.57 5.01

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 2.30 0.5 0.6 0.5 0.3 0.4
GDP Annual Growth Rate (%) 7.00 2 2.8 2.6 2.8 2.7
Unemployment Rate (%) 12.50 14.8 14.7 14.2 14.5 14.8
Inflation Rate (%) 11.30 11.8 10 8 5 1.5
Interest Rate (%) 0.00 0 0.75 1.25 1.5 1.75
Balance of Trade (EUR Million) -2747.50 -1300 -1440 -1420 -1440 -1360
Current Account (EUR Million) -1615.70 -1700 -1500 -1500 -1300 -1000
Current Account to GDP (% of GDP) -6.70 -5.3 -5.3 -5.3 -4 -4
Government Debt to GDP (% of GDP) 193.30 186 186 186 180 180
Government Budget (% of GDP) -7.40 -4.2 -4.2 -4.2 -1 -1
Business Confidence (points) 104.30 105 108 109 103 109
Manufacturing PMI (points) 53.80 51.9 54.3 54.6 54 54.6
Consumer Confidence (points) -52.50 -55.4 -26 -22 -21 -23
Retail Sales MoM (%) -0.90 0.9 -1.3 0.6 0.2 0.6
Corporate Tax Rate (%) 24.00 29 24 24 24 24
Personal Income Tax Rate (%) 44.00 45 44 44 44 44

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 2.30 0.5 0.6 0.5 0.3 0.4
GDP Annual Growth Rate (%) 7.00 2 2.8 2.6 2.8 2.7
GDP (USD Billion) 189.41 245 245 245 245 304
GDP Constant Prices (EUR Million) 43843.00 45192 51490 47162 45071 48436
Gross Fixed Capital Formation (EUR Million) 6293.00 5814 6112 6225 6469 6393
GDP per capita (USD) 17436.01 23900 23900 23900 23900 24600
GDP per capita PPP (USD) 27287.08 30000 30000 30000 30000 30700
GDP From Agriculture (EUR Million) 1602.89 1754 1561 1582 1648 1625
GDP From Construction (EUR Million) 1022.18 833 880 962 1051 988
GDP From Mining (EUR Million) 6436.04 6329 7326 6974 6616 7162
GDP From Public Administration (EUR Million) 7942.64 8375 7819 8157 8165 8378
GDP From Services (EUR Million) 8805.41 9515 14486 10147 9052 10421

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 12.50 14.8 14.7 14.2 14.5 14.8
Employed Persons (Thousand) 4077.38 4200 4250 4300 4300 4400
Unemployed Persons (Thousand) 583.81 640 620 590 590 550
Employment Rate (%) 87.48 86.9 87 87.4 87.4 87.8
Long Term Unemployment Rate (%) 0.90 3.5 3.4 2.9 3.2 3.2
Youth Unemployment Rate (%) 36.80 39.4 39.3 38.8 39.1 39.1
Labour Costs (points) 93.48 104 103 105 105 108
Minimum Wages (EUR/Month) 773.50 758 758 758 758 758
Population (Million) 10.72 10.67 10.67 10.67 10.67 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 (%) 51.80 52.3 52.4 52.6 52.6 52.9
Productivity (points) 94.76 108 108 109 109 109
Employment Change (%) 0.90 0.4 0.3 0.4 0.4 0.4

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 11.30 11.8 10 8 5 1.5
Consumer Price Index CPI (points) 111.80 113 112 113 114 115
Harmonised Consumer Prices (points) 111.59 114 113 113 114 115
Core Consumer Prices (points) 102.23 102 102 103 102 104
Core Inflation Rate (%) 1.85 1.1 1.2 1.4 1.4 1.6
GDP Deflator (points) 101.01 111 109 109 106 111
Producer Prices (points) 155.40 118 122 129 155 131
Producer Prices Change (%) 48.80 10.3 6.7 2.5 2.5 2
Inflation Rate Mom (%) 0.70 0.5 2 0.4 0.6 0.4
Food Inflation (%) 12.10 1.5 1.6 1.7 1.7 1.7
CPI Housing Utilities (points) 137.63 114 113 128 139 129
CPI Transportation (points) 123.03 124 126 127 127 128

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 0.00 0 0.75 1.25 1.5 1.75
Interbank Rate (%) -0.56 -0.56 0.19 0.69 0.94 0.94
Banks Balance Sheet (EUR Million) 326366.94 351000 352000 355000 355000 362000
Loans to Private Sector (EUR Million) 64803.43 70965 67434 66139 66811 67859
Loan Growth (%) 7.60 4 4.3 4.2 4.2 2.6
Private Debt to GDP (%) 139.40 127 127 127 127 125
Central Bank Balance Sheet (EUR Million) 248340.00 238000 236800 239000 239000 245000

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (EUR Million) -2747.50 -1300 -1440 -1420 -1440 -1360
Current Account (EUR Million) -1615.70 -1700 -1500 -1500 -1300 -1000
Current Account to GDP (% of GDP) -6.70 -5.3 -5.3 -5.3 -4 -4
Imports (EUR Million) 6854.10 4500 4620 4700 4750 4870
Exports (EUR Million) 4106.60 3200 3180 3280 3310 3510
External Debt (EUR Million) 556421.52 502900 501800 497000 497000 505000
Capital Flows (EUR Million) 1039.61 780 510 -760 -760 -760
Tourism Revenues (EUR Million) 646.96 1950 2100 250 250 290
Tourist Arrivals 2346530.00 2950000 3680000 445000 445000 515000
Foreign Direct Investment (EUR Million) 1056.00 290 650 290 290 290

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 193.30 186 186 186 180 180
Government Budget (% of GDP) -7.40 -4.2 -4.2 -4.2 -1 -1
Government Budget Value (EUR Million) 568.00 -7000 -7300 30 30 2200
Government Spending (EUR Million) 9062.00 9726 9418 10255 9316 10532
Government Spending to GDP (% of GDP) 60.70 52 52 52 52 50
Government Revenues (EUR Million) 22288.00 29200 42800 64430 64430 68100
Government Debt (EUR Million) 394547.18 383000 384000 385000 385000 388000
Fiscal Expenditure (EUR Million) 26352.00 36200 50100 64400 64400 65900

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 24.00 29 24 24 24 24
Personal Income Tax Rate (%) 44.00 45 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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 104.30 105 108 109 103 109
Manufacturing PMI (points) 53.80 51.9 54.3 54.6 54 54.6
Industrial Production (%) -4.50 4.7 3.8 3 2.8 2.6
Industrial Production Mom (%) -7.50 0.7 0.6 0.5 0.5 0.5
Manufacturing Production (%) -0.50 5.1 4.2 3.2 3.2 3.2
Capacity Utilization (%) 76.40 79.9 80 81 81 81.8
New Orders (%) -8.00 -8 -7 -6 -6 -8
Car Registrations 11995.00 12500 8400 9550 9550 9780

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) -52.50 -55.4 -26 -22 -21 -23
Retail Sales MoM (%) -0.90 0.9 -1.3 0.6 0.2 0.6
Retail Sales YoY (%) 12.30 4.5 5.2 4.2 3.9 3.2
Consumer Spending (EUR Million) 31916.00 32272 34903 34128 32810 35049
Private Sector Credit (EUR Million) 109042.96 134345 123148 113112 113049 116052
Households Debt To GDP (% of GDP) 56.90 57 57 57 57 55
Gasoline Prices (USD/Liter) 2.34 2.42 2.51 2.6 2.69 2.7
Bank Lending Rate (%) 3.92 3.92 4.67 5.17 5.42 5.42
Consumer Credit (EUR Million) 8710.67 12372 10603 9246 8949 9496

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (points) 73.70 77 77.5 78 78 80
Home Ownership Rate (%) 74.60 71.8 71.8 71.8 71.8 71.4
Construction Output (%) 12.00 4.3 3.8 4.4 4.4 3
Building Permits 1822.00 2220 1980 2350 2350 2240


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Greece Forecast - was last updated on Wednesday, June 29, 2022.