Macroeconomic Overview


Main Economic Indicators


Main Economic Indicators

Indicators

2015

2016

2017

 2018

forecast

2019

forecast

2020

forecast

GDP (real growth rates, in %)

2.3

3.1

5.0

5.1

3.8

3.2

GDP in EUR million 

    38,8377

    40,418

    43,278

    46,588

     49,611

     52,413

GDP per capita, in EUR

18,823

19,576

20,708

 21,922

23,016

25,405

Trade balance, as % of GDP

8.6

9.2

9.7

10.2

10.3

10.5

Gross external debt in EUR million

46,514

44,954

43,334

 -

-

-

Gross external debt, as % of GDP

123.7

115.8

107.2

-

-

-

Standardised rate of unemployment (ILO)    

9.0

8.0

6.6

5.3

4.6

4.2

Labour productivity (% of GDP per employee)   

1.0

1.1

2.2

2.7

2.2

2.4

Inflation, year average

-0.5

-0.1

1.4

1.5

1.9

2.3

Average exchange rate USD/EUR

1.110

1.107

1.1129

1.234

1.236

1.236

Source: Institute of Macroeconomic Analysis and Development, 2018


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