Macroeconomic Overview


Main Economic Indicators


Indicators

2012

2013

2014

2015

 2016

forecast

  2017

forecast

2018

forecast

GDP (real growth rates, in %)

-2.7

-1.1

3.0

2.9

1.7

2.4

2.3

GDP in EUR million 

     35,988 

    35,907

    37,303

    38,543

    39,598

     40,613

     41,880

GDP per capita (PPS)*

21,500

21,500

22,600

-

-

-

-

GDP per capita, in EUR

17,498

17,435

18,093

18,680

 19,179

19,670

20,283

Trade balance, as % of GDP

2.6

5.6

7.0

7.3

7.5

6.8

6.3

Gross external debt in EUR million

42,872

41,658

46,314

44,723

 44,541

-

-

Gross external debt, as % of GDP

119.1

116.0

124.2

116.0

-

-

-

Standardised rate of unemployment (ILO)    

8.9

10.1

9.7

9.0

8.6

8.1

7.5

Labour productivity (% of GDP per employee)   

-1.8

0.3

2.5

1.4

0.8

1.5

1.7

Inflation, year average

2.6

1.8

0.2

-0.5

-0.3

1.3

1.3

Average exchange rate USD/EUR

1.286

1.328

1.329

1.110

1.111

1.114

1.114

* PPS - Purchasing Power Standard

Source: Institute of Macroeconomic Analysis and Development, 2016


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