Greece | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.40 -0.4 0.1 0.3 0.4 0.6 percent [+]
Unemployment Rate 23.00 22.5 22.2 22 21.7 19.8 percent [+]
Inflation Rate 1.20 0.2 0.4 0.6 0.8 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -1566.60 -1454 -1411 -1489 -1438 -1295 EUR Million [+]
Government Debt to GDP 176.90 174 173 172 172 164 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 647.03 623 617 610 604 509 points [+]
Government Bond 10Y 7.19 7.25 7.32 7.39 7.87 8.53 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.40 -0.4 0.1 0.3 0.4 0.6 percent [+]
GDP Annual Growth Rate 0.30 -0.2 0.5 0.9 1 2.1 percent [+]
GDP 194.85 197 198 185 199 212 USD Billion [+]
GDP Constant Prices 46593.00 42100 46800 49120 46100 48100 EUR Million [+]
Gross Fixed Capital Formation 5565.93 5680 5860 5580 5860 6430 EUR Million [+]
GDP per capita 22573.42 23100 23200 23104 23400 28500 USD [+]
GDP per capita PPP 24535.49 25100 25200 24877 25500 26600 USD [+]
GDP From Agriculture 1643.09 1460 1870 1880 1760 1890 EUR Million [+]
GDP From Construction 1331.66 640 910 960 1170 2230 EUR Million [+]
GDP From Mining 4922.93 4060 4550 4230 4250 4505 EUR Million [+]
GDP From Public Administration 9031.06 8950 9250 8990 9340 9410 EUR Million [+]
GDP From Services 11738.25 8350 10540 11280 9720 10500 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 23.00 22.5 22.2 22 21.7 19.8 percent [+]
Employed Persons 3629.96 3600 3640 3670 3680 3790 Thousand [+]
Unemployed Persons 1131.15 1052 1046 1038 1025 976 Thousand [+]
Part Time Employment 361.90 352 362 339 347 354 Thousand [+]
Full Time Employment 3374.80 3220 3330 3360 3290 3450 Thousand [+]
Employment Rate 76.24 78.5 78.8 79 79.2 81.2 percent [+]
Long Term Unemployment Rate 16.70 16.8 16.5 15.16 16 12.9 percent [+]
Youth Unemployment Rate 45.70 46.3 45.8 46.74 44.8 38 percent [+]
Labour Costs 79.70 92.1 88.6 82.7 101 107 Index Points [+]
Job Vacancies 15689.00 15600 15400 12700 9500 16300 [+]
Minimum Wages 683.76 684 684 694 684 695 EUR/Month [+]
Population 10.78 10.67 10.62 10.58 10.54 10.34 Million [+]
Retirement Age Women 67.00 67 67 66.85 68 69 [+]
Retirement Age Men 67.00 67 67 67 68 69 [+]
Employment Change 0.20 0.2 0.3 0.16 0.5 1.5 percent [+]
Wages 1092.01 1156 1107 1110 1115 1145 EUR/Month [+]
Wages High Skilled 1370.00 1320 1320 1370 1370 1540 EUR/Month [+]
Wages Low Skilled 786.00 750 720 720 770 950 EUR/Month [+]
Productivity 99.50 89.2 94.6 102 92.6 98.6 Index Points [+]
Labor Force Participation Rate 52.40 51.9 51.8 52.41 51.5 53.4 percent [+]
Living Wage Family 623.00 1200 1200 1250 1250 1450 EUR/Month [+]
Living Wage Individual 474.60 475 475 490 490 690 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.20 0.2 0.4 0.6 0.8 2 percent [+]
Harmonised Consumer Prices 99.79 104 106 100 110 124 Index Points [+]
Consumer Price Index CPI 104.76 108 110 105 114 127 Index Points [+]
Core Consumer Prices 98.60 103 105 99.22 109 123 Index Points [+]
Core Inflation Rate -1.00 0.6 0.7 -0.32 0.9 2.4 percent [+]
GDP Deflator 95.11 93.5 93.5 93.5 93.5 101 Index Points [+]
Producer Prices 102.30 102 103 104 105 119 Index Points [+]
Producer Prices Change 9.70 4.7 3.4 2.5 2.2 2 percent [+]
Import Prices 96.63 93 95 96 98 111 Index Points [+]
Cpi Transportation 117.10 118 120 118 124 137 Index Points [+]
Food Inflation 1.10 0.6 0.9 0.44 1.6 2.4 percent [+]
Inflation Rate Mom -0.80 0.3 0.2 0.32 0.4 1 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.3 -0.1 -0.39 0.2 1.3 percent [+]
Money Supply M0 28966.00 29600 30200 29986 31400 39900 EUR Million [+]
Money Supply M1 111972.00 117000 119000 111854 122000 155000 EUR Million [+]
Money Supply M2 161695.00 166000 168000 164082 172000 199000 EUR Million [+]
Money Supply M3 162770.00 168000 170000 164891 173000 204000 EUR Million [+]
Foreign Exchange Reserves 6396.00 6860 6890 6324 7110 8900 EUR Million [+]
Banks Balance Sheet 351820.92 398000 413000 325490 434000 492000 EUR Million [+]
Loans to Private Sector 94520.36 91900 91500 90420 92400 101000 EUR Million [+]
Central Bank Balance Sheet 143008.00 175000 189000 140726 216000 255000 EUR Million [+]
Private Debt to GDP 139.94 135 134 134 133 125 percent [+]
Loan Growth -1.90 -0.2 0.2 -1.8 0.7 1.5 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -1566.60 -1454 -1411 -1489 -1438 -1295 EUR Million [+]
Exports 2301.50 2127 2187 2196 2314 2561 EUR Million [+]
Imports 3868.10 3581 3598 3685 3752 3856 EUR Million [+]
Current Account -933.40 -680 1200 980 -690 -550 EUR Million [+]
Current Account to GDP -1.80 -1.5 -1.5 -1.97 -1.5 -0.2 percent [+]
External Debt 432799.39 476000 482000 495000 506000 517000 EUR Million [+]
Capital Flows -35.20 -320 580 180 -300 -360 EUR Million [+]
Remittances 78.60 61.7 71.5 64.8 67.2 89.3 EUR Million [+]
Gold Reserves 112.75 113 113 113 113 113 Tonnes [+]
Crude Oil Production 2.00 1 1 1.91 1 1 BBL/D/1K [+]
Foreign Direct Investment 312.10 51.5 110 -75.2 122 150 EUR Million [+]
Terrorism Index 4.22 4.98 4.98 4.29 4.98 4.68 [+]
Tourism Revenues 193.10 238 1912 2242 217 275 EUR Million [+]
Tourist Arrivals 1277121.00 386000 2628000 2625000 355000 465000 persons [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 176.90 174 173 172 172 164 percent [+]
Government Budget -7.20 -3.9 -3.9 -7.16 -3.9 -1.8 percent of GDP [+]
Government Budget Value 832.00 200 -1010 -936 -3680 -3610 EUR Million [+]
Government Spending 9736.60 9500 9900 9800 11600 12200 EUR Million [+]
Government Spending to GDP 55.30 53.8 53.6 53.4 53 44 percent [+]
Government Revenues 4158.00 12520 23140 34380 51560 51730 EUR Million [+]
Government Debt 323709.14 378000 392000 324982 427000 452000 EUR Million [+]
Fiscal Expenditure 3326.00 12320 24150 36270 55240 55340 EUR Million [+]
Asylum Applications 7470.00 2900 4400 980 1100 420 persons [+]
Military Expenditure 6104.20 5969 6145 6320 6326 6265 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 95.10 95.9 96.8 97.1 98 105 [+]
Manufacturing PMI 46.60 50.5 50.8 51 51.2 53.2 [+]
Industrial Production 2.20 0.8 0.4 2.43 0.1 1.2 percent [+]
Industrial Production Mom 2.20 -0.6 2.6 -0.4 1.8 1.2 percent [+]
Manufacturing Production -1.90 1.1 0.6 1.23 0.2 1.6 percent [+]
Capacity Utilization 69.50 67.5 67.7 67.9 68.2 73.6 percent [+]
New Orders -20.00 -12 -14 -18.74 -10 -4 percent [+]
Car Registrations 6460.00 6520 9120 6680 7230 8650 Cars [+]
Changes In Inventories -868.84 154 -98.32 -157 -167 -149 EUR Million [+]
Competitiveness Index 4.00 4.05 4.05 3.99 4.05 4.16 Points [+]
Competitiveness Rank 86.00 81 80 80 80 77 [+]
Ease of Doing Business 61.00 59 59 64.34 59 56 [+]
Electricity Production 5176.00 3470 4170 4010 4400 4460 Gigawatt-hour [+]
Corruption Index 46.00 47 47 45.32 47 50 Points [+]
Corruption Rank 69.00 57 57 70.32 57 54 [+]
Steel Production 125.00 95 93 89 98 110 Thousand Tonnes [+]
Mining Production 0.60 -5.1 -3.9 -7.59 -0.8 1 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -67.80 -62 -64 -61 -56 -32 [+]
Retail Sales MoM -0.20 1.6 0.8 -0.7 1.2 1.4 percent [+]
Retail Sales YoY 3.60 0.2 0.3 0.4 0.6 1.2 percent [+]
Consumer Spending 32808.50 30500 33100 32200 32400 37600 EUR Million [+]
Private Sector Credit 195099.83 196000 197000 199000 203000 215000 EUR Million [+]
Consumer Credit 24650.79 26700 27200 24359 28300 34100 EUR Million [+]
Bank Lending Rate 5.11 4.9 5 4.8 4.5 2.5 percent [+]
Gasoline Prices 1.71 1.45 1.49 1.62 1.59 1.69 USD/Liter [+]
Households Debt To Gdp 61.50 60.32 59.94 59.62 57.3 51.89 percent of GDP [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 59.30 56.6 55.6 56.7 58.4 68.5 Index Points [+]
Building Permits 1150.00 1080 1050 1230 1280 2740 units [+]
Home Ownership Rate 74.00 73.6 73.6 73.6 73.6 72 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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 40.06 40.1 40.1 percent [+]
Social Security Rate For Companies 24.56 24.6 24.6 24.56 24.6 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. 2/24/2017