Markets Actual Q1/25 Q2/25 Q3/25 Q4/25
Stock Market (points) 8197.67 8052 7994 7936 7877
Currency 1.08 1.03 1.03 1.03 1.02
Government Bond 10Y (%) 3.57 3.12 3.1 3.08 3.06

Overview Actual Q1/25 Q2/25 Q3/25 Q4/25
GDP Growth Rate (%) -0.10 0.1 0.3 0.2 0.3
GDP Annual Growth Rate (%) 0.60 0.6 0.9 0.8 0.7
Unemployment Rate (%) 7.30 7.4 7.5 7.6 7.9
Inflation Rate (%) 0.80 1.6 1.9 2 2
Inflation Rate MoM (%) 0.00 0.2 0.3 -0.6 0.3
Interest Rate (%) 2.65 2.65 2.4 2.4 2.15
Balance of Trade (EUR Million) -3905.00 -5100 -5000 -6700 -6100
Current Account (EUR Million) 2400.00 -1680 -1480 -500 -1600
Business Confidence (points) 97.10 91 90 92 89
Services PMI (points) 45.30 47.8 48.9 49.5 49.1
Manufacturing PMI (points) 45.80 47 50 48 49.5
Consumer Confidence (points) 93.00 91 87 86 87
Current Account to GDP (% of GDP) -1.00 -0.5
Government Debt to GDP (% of GDP) 110.60 112
Government Budget (% of GDP) -5.50 -5

GDP Actual Q1/25 Q2/25 Q3/25 Q4/25
GDP Growth Rate (%) -0.10 0.1 0.3 0.2 0.3
GDP Annual Growth Rate (%) 0.60 0.6 0.9 0.8 0.7
GDP Constant Prices (EUR Million) 650256.00 650473 654102 656122 654808
Gross Fixed Capital Formation (EUR Million) 140759.00 142755 143287 142093 141744
GDP from Transport (EUR Million) 25828.00 26057 26199 26191 26009
GDP from Utilities (EUR Million) 11676.00 11139 11420 11755 11758
GDP from Agriculture (EUR Million) 7788.00 8388 8064 7869 7843
GDP from Construction (EUR Million) 29185.00 29920 29803 29699 29389
GDP from Manufacturing (EUR Million) 58065.00 59437 59111 58889 58471
GDP from Services (EUR Million) 343552.00 342644 345105 346811 345957
GDP (USD Billion) 3051.83 3076
GDP per Capita (USD) 39117.48 39430
GDP per Capita PPP (USD) 53969.04 54401
Full Year GDP Growth (%) 1.10 0.8

Labour Actual Q1/25 Q2/25 Q3/25 Q4/25
Unemployment Rate (%) 7.30 7.4 7.5 7.6 7.9
Unemployed Persons (Thousand) 3162.00 3040 3180 3220 3400
Long Term Unemployment Rate (%) 1.70 1.8 1.9 2 2.3
Youth Unemployment Rate (%) 18.60 18.7 18.8 18.9 19.2
Labour Costs (points) 113.60 117 120 123 126
Wages in Manufacturing (points) 120.30 123 123 123 123
Wage Growth (%) 2.80 2.9 2.7 2.5 2.2
Nonfarm Payrolls Private (Thousand) 21035.70 21040 20990 20800 20700
Initial Jobless Claims (Thousand) 204.80 15 25 19 11
Wages (EUR/Month) 3613.00 3692
Population (Million) 68.44 68.64

Prices Actual Q1/25 Q2/25 Q3/25 Q4/25
Inflation Rate (%) 0.80 1.6 1.9 2 2
Inflation Rate MoM (%) 0.00 0.2 0.3 -0.6 0.3
Consumer Price Index CPI (points) 120.14 121 122 122 122
Harmonised Consumer Prices (points) 123.45 125 126 126 126
Core Inflation Rate (%) 1.40 1.7 2 2.5 2.2
Core Consumer Prices (points) 116.83 118 118 119 119
Producer Prices (points) 127.00 123 119 121 128
Producer Prices Change (%) -2.10 -2.3 0.3 1.1 1.6
Food Inflation (%) 0.30 0.7 1.2 2.2 2.4
Harmonised Inflation Rate YoY (%) 0.90 2 2.1 2.2 2.1
Producer Price Inflation MoM (%) 0.70 0.4 0.3 -0.1 0.4
CPI Housing Utilities (points) 133.76 133 133 135 136
CPI Transportation (points) 125.91 126 127 126 126

Money Actual Q1/25 Q2/25 Q3/25 Q4/25
Interest Rate (%) 2.65 2.65 2.4 2.4 2.15
Interbank Rate (%) 2.52 2.52 2.27 2.27 2.02
Loans to Private Sector (EUR Million) 3112691.00 3080970 3121410 3118691 3134480
Private Debt to GDP (%) 268.20 265

Trade Actual Q1/25 Q2/25 Q3/25 Q4/25
Balance of Trade (EUR Million) -3905.00 -5100 -5000 -6700 -6100
Current Account (EUR Million) 2400.00 -1680 -1480 -500 -1600
Exports (EUR Million) 52255.00 52400 51900 49500 50600
Imports (EUR Million) 56159.90 57500 56900 56200 56700
Tourist Arrivals (Thousand) 2598.00 2790 3990 3900 2570
Current Account to GDP (% of GDP) -1.00 -0.5

Government Actual Q1/25 Q2/25 Q3/25 Q4/25
Government Budget Value (EUR Billion) -17.30 -40 -86 -139 -153
Government Revenues (EUR Billion) 24.33 77 181 255 362
Fiscal Expenditure (EUR Billion) 37.85 117 267 394 515
Government Debt to GDP (% of GDP) 110.60 112
Government Budget (% of GDP) -5.50 -5
Government Spending to GDP (% of GDP) 57.00 56.5

Business Actual Q1/25 Q2/25 Q3/25 Q4/25
Business Confidence (points) 97.10 91 90 92 89
Services PMI (points) 45.30 47.8 48.9 49.5 49.1
Manufacturing PMI (points) 45.80 47 50 48 49.5
Composite PMI (points) 45.10 47.7 49.2 49.1 49.2
Industrial Production Mom (%) -0.60 -0.6 0.1 -0.3 0.5
Industrial Production (%) -1.60 -1.2 -0.6 0.1 0.7
Business Climate Indicator (points) 96.00 90 91 90 88

Consumer Actual Q1/25 Q2/25 Q3/25 Q4/25
Consumer Confidence (points) 93.00 91 87 86 87
Retail Sales YoY (%) -0.70 -0.7 -0.6 -1.2 -0.2
Consumer Spending (EUR Million) 345283.00 344302 345335 347087 347700
Disposable Personal Income (EUR Million) 466927.00 462024 465644 470099 470195
Personal Spending (%) -0.50 -0.4 -0.6 0.2 0.5
Bank Lending Rate (%) 4.14 4.14 3.89 3.89 3.64
Gasoline Prices (USD/Liter) 1.93 1.94 1.96 1.97 1.99
Consumer Credit (EUR Million) 1726470.00 1733993 1738961 1737912 1741192

Housing Actual Q1/25 Q2/25 Q3/25 Q4/25
Construction PMI (points) 39.80 45.1 48 47 49.5
Housing Starts (units) 23356.00 19500 21900 20100 29500