Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 7816.94 7299 7106 6917 6917
Currency 1.16 1.17 1.17 1.18 1.18
Government Bond 10Y (%) 3.72 3.73 3.68 3.63 3.63

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 0.2 0.3 0.2 0.2
GDP Annual Growth Rate (%) 1.20 1 1 1.1 1
Unemployment Rate (%) 7.90 7.9 7.8 7.7 7.6
Inflation Rate (%) 1.70 2.5 2.7 2.6 2.5
Inflation Rate MoM (%) 0.90 0.2 -1.2 0.2 0.3
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Balance of Trade (EUR Million) -1843.50 -6600 -8380 -4400 -4600
Current Account (EUR Million) 2101.00 -2400 -4800 -1200 -3200
Services PMI (points) 48.30 52 51.8 52 51.9
Manufacturing PMI (points) 50.20 51.6 51.5 52 52.3
Business Confidence (points) 98.70 97 95 96 97
Consumer Confidence (points) 89.00 88 91 92 94
Current Account to GDP (% of GDP) 0.10 0.6
Government Debt to GDP (% of GDP) 113.00 118
Government Budget (% of GDP) -5.80 -5

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.20 0.2 0.3 0.2 0.2
GDP Annual Growth Rate (%) 1.20 1 1 1.1 1
GDP Constant Prices (EUR Million) 662177.00 664164 667598 669461 668799
Gross Fixed Capital Formation (EUR Million) 143358.00 143280 144414 144935 144792
GDP from Agriculture (EUR Million) 8223.00 7983 8168 8313 8305
GDP from Utilities (EUR Million) 10674.00 10215 10681 10791 10781
GDP from Transport (EUR Million) 26749.00 27466 27264 27043 27016
GDP from Manufacturing (EUR Million) 59514.00 59812 60257 60169 60109
GDP from Construction (EUR Million) 30318.00 30438 30574 30651 30621
GDP from Services (EUR Million) 350698.00 351791 353426 354556 354205
GDP (USD Billion) 3162.08 3194
GDP per Capita (USD) 39441.26 39836
GDP per Capita PPP (USD) 54464.98 55010
Full Year GDP Growth (%) 0.90 1

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 7.90 7.9 7.8 7.7 7.6
Unemployed Persons (Thousand) 3108.20 3120 3100 3180 3140
Employed Persons (Thousand ) 28117.00 28201 28258 28314 28399
Long Term Unemployment Rate (%) 1.80 1.8 1.7 1.6 1.5
Youth Unemployment Rate (%) 20.90 20.9 20.8 20.7 20.6
Labour Costs (points) 113.80 116 118 120 122
Wages in Manufacturing (points) 122.90 125 125 125 125
Wage Growth (%) 1.60 1.8 1.6 1.7 1.8
Employment Change (%) 0.00 0.3 0.2 0.2 0.3
Initial Jobless Claims (Thousand) 17.70 15 5 18 -12
Wages (EUR/Month) 3602.00 3663
Population (Million) 69.08 69.25

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 1.70 2.5 2.7 2.6 2.5
Inflation Rate MoM (%) 0.90 0.2 -1.2 0.2 0.3
Consumer Price Index CPI (points) 100.24 103 103 103 103
Harmonised Consumer Prices (points) 101.36 103 103 103 104
Core Inflation Rate (%) 0.90 1.4 1.5 1.6 1.6
Core Consumer Prices (points) 100.44 101 102 102 102
Producer Prices (points) 123.70 119 121 125 126
Producer Prices Change (%) -2.40 -0.3 1.1 1.5 1.9
Food Inflation (%) 1.80 1.7 1.6 1.7 1.6
Harmonised Inflation Rate YoY (%) 1.90 2.7 2.6 2.7 2.5
Producer Price Inflation MoM (%) -0.20 0.3 -0.2 0.3 0.4
CPI Housing Utilities (points) 100.27 102 102 103 103
CPI Transportation (points) 100.17 100 99.17 99.36 99.66

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Interbank Rate (%) 2.01 2.01 2.01 2.01 2.01
Loans to Private Sector (EUR Million) 3155356.00 3173467 3156188 3186353 3186910
Private Debt to GDP (%) 204.90 202

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (EUR Million) -1843.50 -6600 -8380 -4400 -4600
Current Account (EUR Million) 2101.00 -2400 -4800 -1200 -3200
Exports (EUR Million) 53429.70 52100 50780 53600 53800
Imports (EUR Million) 55273.10 58700 59160 58000 58400
Tourist Arrivals (Thousand) 2173.00 4090 4000 2680 3020
Current Account to GDP (% of GDP) 0.10 0.6

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Budget Value (EUR Billion) -9.70 -88 -140 -151 -34
Government Revenues (EUR Billion) 36.34 186 261 369 91
Fiscal Expenditure (EUR Billion) 39.58 274 401 520 125
Government Debt to GDP (% of GDP) 113.00 118
Government Budget (% of GDP) -5.80 -5
Government Spending to GDP (% of GDP) 57.30 57.2

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Services PMI (points) 48.30 52 51.8 52 51.9
Manufacturing PMI (points) 50.20 51.6 51.5 52 52.3
Business Confidence (points) 98.70 97 95 96 97
Composite PMI (points) 48.30 51.5 51.7 52 51.9
Industrial Production (%) 2.40 1.1 1.4 1.5 1.6
Industrial Production Mom (%) 0.50 -0.6 -0.2 0.4 0.3
Business Climate Indicator (points) 97.00 95 93 94 96

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 89.00 88 91 92 94
Retail Sales YoY (%) -0.40 1.2 1.4 1.1 1.6
Consumer Spending (EUR Million) 346374.00 348139 348561 350184 349838
Disposable Personal Income (EUR Million) 471367.00 475216 475879 476552 476081
Personal Savings (%) 17.89 17.7 17.6 17.5 17.3
Personal Spending (%) -1.40 0.6 0.3 0.4 0.4
Bank Lending Rate (%) 3.38 3.38 3.38 3.38 3.38
Gasoline Prices (USD/Liter) 2.33 2.95 2.53 2.11 2.11
Consumer Credit (EUR Million) 1738354.00 1750522 1756928 1760112 1755738

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Construction PMI (points) 43.90 47 49 51.5 52
Housing Starts (units) 25113.00 24500 26500 40700 22100