Markets Actual Q3 Q4 Q1 Q2 2023
Currency 0.97 0.96 0.94 0.93 0.92 0.89
Stock Market (points) 798.11 768 739 712 685 635
Government Bond 10Y (%) 4.54 4.75 4.97 5.19 5.43 5.94

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.20 -0.6 -0.5 0.8 1.5 0.4
GDP Annual Growth Rate (%) 7.70 5.8 4.2 2.8 2.8 3.1
Unemployment Rate (%) 12.60 14.7 14.2 14.5 14.5 14.8
Inflation Rate (%) 11.40 10 8 5 4 1.5
Interest Rate (%) 1.25 1.25 1.75 2 2 2
Balance of Trade (EUR Million) -2996.70 -1440 -1420 -1440 -1440 -1360
Current Account (EUR Million) 1104.00 -1500 -1500 -1300 -1300 -1000
Current Account to GDP (% of GDP) -5.90 -5.3 -5.3 -4 -4 -4
Government Debt to GDP (% of GDP) 193.30 186 186 180 180 180
Government Budget (% of GDP) -7.40 -4.2 -4.2 -1 -1 -1
Business Confidence (points) 101.50 101 109 103 103 109
Manufacturing PMI (points) 48.80 54.3 54.6 54 54 54.6
Consumer Confidence (points) -54.20 -55.1 -22 -21 -21 -23
Retail Sales MoM (%) -4.90 -1.3 0.6 0.2 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 Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.20 -0.6 -0.5 0.8 1.5 0.4
GDP Annual Growth Rate (%) 7.70 5.8 4.2 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
GDP from Agriculture (EUR Million) 1666.73 1606 1607 1633 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 Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 12.60 14.7 14.2 14.5 14.5 14.8
Employed Persons (Thousand) 4153.02 4250 4300 4300 4300 4400
Unemployed Persons (Thousand) 541.78 620 590 590 590 550
Employment Rate (%) 88.46 87 87.4 87.4 87.4 87.8
Long Term Unemployment Rate (%) 8.10 10.7 10.2 10.5 10.5 10.5
Youth Unemployment Rate (%) 28.60 31.2 30.7 31 31 31
Labour Costs (points) 91.41 103 105 105 105 108
Minimum Wages (EUR/Month) 773.50 758 758 758 758 758
Population (Million) 10.68 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 (%) 52.60 52.4 52.6 52.6 52.6 52.9
Productivity (points) 98.64 108 109 109 109 109
Employment Change (%) 0.90 0.3 0.4 0.4 0.4 0.4

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 11.40 10 8 5 4 1.5
Consumer Price Index CPI (points) 111.21 112 113 114 118 115
Harmonised Consumer Prices (points) 111.98 113 113 114 119 115
Core Consumer Prices (points) 101.70 102 103 102 106 104
Core Inflation Rate (%) 3.63 1.2 1.4 1.4 1.4 1.6
GDP Deflator (points) 101.01 109 109 106 105 111
Producer Prices (points) 146.90 122 129 155 154 131
Producer Prices Change (%) 35.60 6.7 2.5 2.5 2.5 2
Inflation Rate MoM (%) -0.30 2 0.4 0.6 0.6 0.4
Food Inflation (%) 13.20 13.6 11.7 9 5.5 3.7
CPI Housing Utilities (points) 134.84 113 128 139 140 129
CPI Transportation (points) 121.63 124 125 125 126 127

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.25 1.25 1.75 2 2 2
Interbank Rate (%) -0.56 0.19 0.69 0.94 0.94 0.94
Banks Balance Sheet (EUR Million) 332085.15 352000 355000 355000 355000 362000
Loans to Private Sector (EUR Million) 67919.58 67434 66139 66811 70151 67859
Loan Growth (%) 9.10 4.3 4.2 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 236800 239000 239000 239000 245000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (EUR Million) -2996.70 -1440 -1420 -1440 -1440 -1360
Current Account (EUR Million) 1104.00 -1500 -1500 -1300 -1300 -1000
Current Account to GDP (% of GDP) -5.90 -5.3 -5.3 -4 -4 -4
Imports (EUR Million) 7967.90 4620 4700 4750 4750 4870
Exports (EUR Million) 4971.40 3180 3280 3310 3310 3510
External Debt (EUR Million) 565233.21 501800 497000 497000 497000 505000
Capital Flows (EUR Million) 1927.07 510 -760 -760 -760 -760
Tourism Revenues (EUR Million) 3723.13 2100 250 250 250 290
Tourist Arrivals 2346530.00 3680000 445000 445000 445000 515000
Foreign Direct Investment (EUR Million) 1056.00 650 290 290 290 290

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 193.30 186 186 180 180 180
Government Budget (% of GDP) -7.40 -4.2 -4.2 -1 -1 -1
Government Budget Value (EUR Million) 1963.00 -7300 30 30 30 2200
Government Spending (EUR Million) 9614.50 9693 10415 9102 9884 10738
Government Spending to GDP (% of GDP) 56.90 52 52 52 52 50
Government Revenues (EUR Million) 39222.00 42800 64430 64430 64430 68100
Government Debt (EUR Million) 394182.49 384000 385000 385000 385000 388000
Fiscal Expenditure (EUR Million) 43336.00 50100 64400 64400 64400 65900

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Business Confidence (points) 101.50 101 109 103 103 109
Manufacturing PMI (points) 48.80 54.3 54.6 54 54 54.6
Industrial Production (%) 7.00 3.8 3 2.8 2.7 2.6
Industrial Production Mom (%) 0.90 0.6 0.5 0.5 0.4 0.5
Manufacturing Production (%) 6.50 4.2 3.2 3.2 3.2 3.2
Capacity Utilization (%) 75.90 80 81 81 81 81.8
New Orders (%) -7.00 -7 -6 -6 -6 -8
Car Registrations 8659.00 8400 9550 9550 9550 9780

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -54.20 -55.1 -22 -21 -21 -23
Retail Sales MoM (%) -4.90 -1.3 0.6 0.2 0.2 0.6
Retail Sales YoY (%) 1.20 5.2 4.2 3.9 3.7 3.2
Consumer Spending (EUR Million) 34966.30 35921 34660 32714 35945 35734
Private Sector Credit (EUR Million) 112216.86 123148 113112 113049 116434 116052
Households Debt to GDP (% of GDP) 54.30 57 57 57 57 55
Gasoline Prices (USD/Liter) 2.05 2.13 2.21 2.3 2.38 2.38
Consumer Credit (EUR Million) 8815.10 10912 9390 8949 9054 9681
Bank Lending Rate (%) 3.97 4.72 5.22 5.47 5.47 5.47

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 73.70 77.5 78 78 78 80
Home Ownership Rate (%) 74.60 71.8 71.8 71.8 71.8 71.4
Construction Output (%) 28.90 3.8 4.4 4.4 4.4 3
Building Permits 2220.00 1980 2350 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 Monday, September 26, 2022.