Macroeconomic Overview


Main Economic Indicators


Main Economic Indicators


Indicators

2016

2017

2018

 2019

forecast

2020

forecast

2021

forecast

GDP (real growth rates, in %)

3.1

 4.9

4.5

3.4

 3.1

2.8

GDP in EUR million 

    40,357

   43,000

    45948

    48,797

     51,578

     54,443

GDP per capita, in EUR

19,547

20,815

22,182

 23,619

24,964

26,351

Trade balance, as % of GDP

9.4

10

9.5

9.1

8.9

8.6

Gross external debt in EUR million

44,293

43,191

42,099

 -

-

-

Gross external debt, as % of GDP

109.8

100.4

91.6

-

-

-

Standardised rate of unemployment (ILO)    

8.0

6.6

5.1

4.3

3.9

3.7

Labour productivity (% of GDP per employee)   

1.3

1.9

1.5

1.4

2.1

2.2

Inflation, year average

-0.1

1.4

1.7

1.6

1.9

2.2

Average exchange rate USD/EUR

1.107

1.129

1.181

1.135

1.134

1.134 

Source: Institute of Macroeconomic Analysis and Development, 2019


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