Greece | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.80 -0.1 0.2 -0.4 0.1 0.6 percent [+]
Unemployment Rate 23.10 22.8 22.5 22.2 22.06 19.8 percent [+]
Inflation Rate -0.90 -0.2 0.2 0.4 0.6 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -1743.00 -1379 -1454 -1411 -1489 -1295 EUR Million [+]
Government Debt to GDP 176.90 174 174 173 172 164 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.06 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 640.09 596 590 584 578 481 points [+]
Government Bond 10Y 6.70 7.39 7.47 7.54 7.61 8.78 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.80 -0.1 0.2 -0.4 0.1 0.6 percent [+]
GDP Annual Growth Rate 1.80 -0.4 -0.2 0.5 0.9 2.1 percent [+]
GDP 195.21 197 197 198 168 212 USD Billion [+]
GDP Constant Prices 48910.00 45700 42100 46800 49120 48100 EUR Million [+]
Gross Fixed Capital Formation 5512.34 5785 5680 5860 5580 6430 EUR Million [+]
GDP per capita 22648.44 23000 23100 23200 23517 28500 USD [+]
GDP per capita PPP 24617.04 25000 25100 25200 25567 26600 USD [+]
GDP From Agriculture 1938.94 1780 1460 1870 1880 1890 EUR Million [+]
GDP From Construction 927.62 990 640 910 960 2230 EUR Million [+]
GDP From Mining 4609.51 3900 4060 4550 4230 4505 EUR Million [+]
GDP From Public Administration 9412.91 8720 8950 9250 8990 9410 EUR Million [+]
GDP From Services 10318.44 8800 8350 10540 11280 10500 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 23.10 22.8 22.5 22.2 22.06 19.8 percent [+]
Employed Persons 3694.80 3650 3600 3640 3670 3790 Thousand [+]
Unemployed Persons 1121.70 1064 1052 1046 1038 976 Thousand [+]
Part Time Employment 364.30 346 352 362 339 354 Thousand [+]
Full Time Employment 3338.30 3250 3220 3330 3360 3450 Thousand [+]
Employment Rate 76.71 78.2 78.5 78.8 79 81.2 percent [+]
Long Term Unemployment Rate 16.70 17.1 16.8 16.5 15.16 12.9 percent [+]
Youth Unemployment Rate 46.50 46.9 46.3 45.8 45.1 38 percent [+]
Labour Costs 87.60 99.2 92.1 88.6 82.7 107 Index Points [+]
Job Vacancies 15178.00 7300 15600 15400 12700 16300 [+]
Minimum Wages 683.76 684 684 684 684 695 EUR/Month [+]
Population 10.86 10.71 10.67 10.62 10.58 10.34 Million [+]
Retirement Age Women 67.00 67 67 67 67 69 [+]
Retirement Age Men 67.00 67 67 67 67 69 [+]
Employment Change 0.50 0.2 0.2 0.3 0.12 1.5 percent [+]
Wages 1125.60 1109 1156 1107 1110 1145 EUR/Month [+]
Wages High Skilled 1370.00 1350 1320 1320 1370 1540 EUR/Month [+]
Wages Low Skilled 786.00 750 720 720 770 950 EUR/Month [+]
Productivity 93.20 92.1 89.2 94.6 102 98.6 Index Points [+]
Labor Force Participation Rate 52.20 52 51.9 51.8 52.26 53.4 percent [+]
Living Wage Family 1270.00 1240 1200 1200 1250 1450 EUR/Month [+]
Living Wage Individual 515.00 500 475 475 490 690 EUR/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.90 -0.2 0.2 0.4 0.6 2 percent [+]
Harmonised Consumer Prices 99.85 102 104 106 100 124 Index Points [+]
Consumer Price Index CPI 105.80 106 108 110 105 127 Index Points [+]
Core Consumer Prices 100.00 101 103 105 99.22 123 Index Points [+]
Core Inflation Rate -0.30 0.4 0.6 0.7 0.19 2.4 percent [+]
GDP Deflator 95.11 92.5 93.5 93.5 93.5 101 Index Points [+]
Producer Prices 97.00 97.8 98.3 98.7 99.6 118 Index Points [+]
Producer Prices Change -0.50 -1.8 -1.2 -0.6 -0.2 1.4 percent [+]
Import Prices 93.19 94 93 95 96 111 Index Points [+]
Food Inflation -2.00 0.3 0.6 0.9 -1.26 2.4 percent [+]
Cpi Transportation 114.71 116 118 120 114 137 Index Points [+]
Inflation Rate Mom 0.40 0.1 0.3 0.2 0.12 1 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.31 -0.6 -0.3 -0.1 -0.42 1.3 percent [+]
Money Supply M0 28228.00 29100 29600 30200 30718 39900 EUR Million [+]
Money Supply M1 107763.00 115000 117000 119000 111716 155000 EUR Million [+]
Money Supply M2 158709.00 164000 166000 168000 147362 199000 EUR Million [+]
Money Supply M3 160037.00 165000 168000 170000 152979 204000 EUR Million [+]
Foreign Exchange Reserves 6741.00 6820 6860 6890 6675 8900 EUR Million [+]
Banks Balance Sheet 364678.39 385000 398000 413000 330066 492000 EUR Million [+]
Loans to Private Sector 93482.58 92700 91900 91500 90420 101000 EUR Million [+]
Central Bank Balance Sheet 144602.00 166000 175000 189000 139721 255000 EUR Million [+]
Private Debt to GDP 139.94 135 134 134 133 125 percent [+]
Loan Growth -1.90 -0.5 -0.2 0.2 -1.8 1.5 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -1743.00 -1379 -1454 -1411 -1489 -1295 EUR Million [+]
Exports 2343.40 2275 2127 2187 2196 2561 EUR Million [+]
Imports 4086.40 3654 3581 3598 3685 3856 EUR Million [+]
Current Account 1008.40 -750 -680 1200 980 -550 EUR Million [+]
Current Account to GDP -1.80 -0.5 -1.5 -1.5 -1.63 -0.2 percent [+]
External Debt 436070.96 464000 476000 482000 495000 517000 EUR Million [+]
Capital Flows 386.04 -200 -320 580 180 -360 EUR Million [+]
Remittances 63.50 63.8 61.7 71.5 64.8 89.3 EUR Million [+]
Gold Reserves 112.75 113 113 113 113 113 Tonnes [+]
Crude Oil Production 2.00 1 1 1 1.91 1 BBL/D/1K [+]
Foreign Direct Investment 411.50 161 51.5 110 -75.2 150 EUR Million [+]
Terrorism Index 4.22 4.98 4.98 4.98 4.23 4.68 [+]
Tourism Revenues 2231.60 209 238 1912 2242 275 EUR Million [+]
Tourist Arrivals 1277121.00 325000 386000 2628000 2625000 465000 persons [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 176.90 174 174 173 172 164 percent [+]
Government Budget -7.20 -4.6 -3.9 -3.9 -7.68 -1.8 percent of GDP [+]
Government Budget Value 1306.00 -3610 200 -1010 -964 -3610 EUR Million [+]
Government Spending 9710.70 11200 9500 9900 9800 12200 EUR Million [+]
Government Spending to GDP 55.30 54 53.8 53.6 53.4 44 percent [+]
Government Revenues 42804.00 51510 12520 23140 34380 51730 EUR Million [+]
Government Debt 323709.14 369000 378000 392000 324982 452000 EUR Million [+]
Fiscal Expenditure 41497.00 55120 12320 24150 36270 55340 EUR Million [+]
Asylum Applications 3450.00 1200 2900 4400 980 420 persons [+]
Military Expenditure 6104.20 5969 6145 6320 6326 6265 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 92.40 96.2 95.9 96.8 97.1 105 [+]
Manufacturing PMI 48.30 50.1 50.5 50.8 51 53.2 [+]
Industrial Production 6.80 0.7 0.8 0.4 4.14 1.2 percent [+]
Industrial Production Mom -1.80 1.5 -0.6 2.6 -0.4 1.2 percent [+]
Manufacturing Production 2.10 0.9 1.1 0.6 1.41 1.6 percent [+]
Capacity Utilization 68.80 67.2 67.5 67.7 67.9 73.6 percent [+]
New Orders -18.00 -15 -12 -14 -18.74 -4 percent [+]
Car Registrations 4995.00 7050 6520 9120 6680 8650 Cars [+]
Changes In Inventories 618.12 144 154 -98.32 -157 -149 EUR Million [+]
Competitiveness Index 4.00 4.02 4.05 4.05 3.99 4.16 Points [+]
Competitiveness Rank 86.00 81 80 80 80 77 [+]
Ease of Doing Business 61.00 60 59 59 64.79 56 [+]
Electricity Production 3820.00 4380 3470 4170 4010 4460 Gigawatt-hour [+]
Corruption Index 46.00 46 47 47 46.65 50 Points [+]
Corruption Rank 58.00 58 57 57 72.25 54 [+]
Steel Production 95.00 94 95 93 89 110 Thousand Tonnes [+]
Mining Production -15.00 -7.2 -5.1 -3.9 -9.21 1 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -66.90 -61 -62 -64 -61 -32 [+]
Retail Sales MoM 1.80 1.1 1.6 0.8 -0.7 1.4 percent [+]
Retail Sales YoY 2.60 -0.2 0.2 0.3 0.4 1.2 percent [+]
Consumer Spending 32924.80 31900 30500 33100 32200 37600 EUR Million [+]
Private Sector Credit 198086.87 198000 196000 197000 199000 215000 EUR Million [+]
Bank Lending Rate 5.41 5.2 4.9 5 4.8 2.5 percent [+]
Consumer Credit 25039.10 26200 26700 27200 24359 34100 EUR Million [+]
Gasoline Prices 1.54 1.43 1.45 1.49 1.49 1.69 USD/Liter [+]
Households Debt To Gdp 61.90 60.7 60.32 59.94 59.62 51.89 percent of GDP [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 59.60 58.9 56.6 55.6 56.7 68.5 Index Points [+]
Building Permits 897.00 1210 1080 1050 1230 2740 units [+]
Home Ownership Rate 74.00 74 73.6 73.6 73.6 72 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 29.00 29 29 29 29 29 percent [+]
Personal Income Tax Rate 48.00 48 48 48 48 48 percent [+]
Sales Tax Rate 23.00 23 23 23 23 23 percent [+]
Social Security Rate 40.06 40.1 40.1 40.1 40.06 40.1 percent [+]
Social Security Rate For Companies 24.56 24.6 24.6 24.6 24.56 24.6 percent [+]
Social Security Rate For Employees 15.50 15.5 15.5 15.5 15.5 15.5 percent [+]





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. 12/10/2016