| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017e | 2018f |
GDP and real economy | | | | | | | | | | | |
Nominal GDP (EUR bn) | 13.0 | 12.7 | 13.0 | 13.4 | 13.4 | 13.7 | 14.0 | 14.6 | 15.3 | 16.1 | 17.0 |
Real GDP (% yoy) | 5.4 | -3.0 | 0.9 | 1.0 | -0.8 | 2.3 | 1.2 | 3.1 | 3.1 | 2.5 | 2.8 |
Nominal GDP per capita (EUR) | 3,336 | 3,248 | 3,328 | 3,448 | 3,452 | 3,531 | 3,614 | 3,784 | 3,967 | 4,179 | 4,421 |
Industrial output (real, % yoy) | 7.3 | -3.3 | 1.6 | 5.6 | -5.2 | 6.7 | 0.1 | 2.6 | 4.3 | 3.6 | 4.8 |
Retail trade index (real, % yoy) | n.a. | n.a. | n.a. | n.a. | n.a. | 4.5 | 1.8 | 7.8 | 7.0 | 5.2 | 6.1 |
Household consumption (real, % yoy) | 5.3 | -4.5 | 0.1 | -0.2 | -0.7 | 0.0 | 1.9 | 1.8 | 1.7 | 1.9 | 1.7 |
Gross fixed capital formation (real, % yoy) | 14.9 | -28.3 | -15.6 | 14.1 | 4.0 | -3.0 | 8.2 | 2.9 | 10.8 | 5.8 | 8.0 |
Exports of goods and services (real, % yoy) | 1.2 | -3.2 | 13.9 | 4.6 | 0.0 | 7.8 | 4.2 | 6.8 | 9.5 | 10.1 | 8.0 |
Imports of goods and services (real, % yoy) | 10.1 | -14.3 | 2.5 | 2.9 | 0.7 | -0.2 | 7.7 | 0.7 | 7.0 | 7.2 | 6.0 |
Balance of Payments | | | | | | | | | | | |
C/A balance (EUR bn) | -1.8 | -0.8 | -0.8 | -1.3 | -1.2 | -0.7 | -1.0 | -0.8 | -0.8 | -0.8 | -1.0 |
C/A balance (in % of GDP) | -13.8 | -6.4 | -6.0 | -9.5 | -8.6 | -5.3 | -7.4 | -5.7 | -5.1 | -5.0 | -5.9 |
Secondary income (EUR bn) | 2.0 | 1.7 | 1.8 | 1.8 | 1.9 | 1.9 | 2.0 | 1.8 | 1.8 | 1.8 | 1.9 |
Secondary income (in % of GDP) | 15.0 | 13.5 | 13.9 | 13.5 | 14.0 | 13.8 | 14.5 | 12.5 | 11.9 | 11.2 | 11.9 |
Net inflow of FDI (EUR bn) | 0.7 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.2 | 0.2 | 0.4 | 0.5 |
Net inflow of FDI (in % of GDP) | 5.2 | 1.4 | 2.1 | 2.6 | 1.9 | 1.3 | 2.9 | 1.7 | 1.6 | 2.2 | 2.7 |
Export of goods (EUR bn) | 3.4 | 2.8 | 3.6 | 4.2 | 4.0 | 4.3 | 4.4 | 4.6 | 4.8 | 5.7 | 6.1 |
Import of goods (EUR bn) | 8.3 | 6.3 | 7.0 | 7.9 | 7.8 | 7.8 | 8.3 | 8.1 | 8.3 | 9.3 | 9.8 |
Trade balance (EUR bn) | -4.9 | -3.5 | -3.3 | -3.7 | -3.8 | -3.5 | -3.8 | -3.5 | -3.4 | -3.6 | -3.7 |
Trade balance (in % of GDP) | -37.5 | -27.5 | -25.7 | -27.8 | -28.2 | -25.4 | -27.5 | -24.0 | -22.6 | -22.5 | -21.8 |
Foreign reserves (EUR bn) | 3.2 | 3.2 | 3.3 | 3.3 | 3.3 | 3.6 | 4.0 | 4.4 | 4.9 | 5.2 | 5.7 |
Prices, wages, unemplyoment | | | | | | | | | | | |
Consumer prices (avg, % yoy) | 7.4 | -0.4 | 2.1 | 3.7 | 2.1 | -0.1 | -0.9 | -1.0 | -1.1 | 1.3 | 1.8 |
Producer prices (avg, % yoy) | 8.6 | -3.2 | 0.9 | 3.8 | 1.3 | -2.2 | -0.2 | 0.6 | -2.3 | 3.0 | 2.5 |
Unemployment rate (avg, %) | 23.4 | 24.1 | 27.2 | 27.6 | 28.0 | 27.5 | 27.5 | 27.7 | 25.4 | 20.5 | 18 |
Average monthly gross wages (EUR) | 569.2 | 615.3 | 622.0 | 649.7 | 659.7 | 660.2 | 659.3 | 659.2 | 665.0 | 673.9 | 708.1 |
Average gross wages (LCY, % yoy) | 16.7 | 8.1 | 1.1 | 4.4 | 1.5 | 0.1 | -0.1 | 0.0 | 0.9 | 1.3 | 5.1 |
Fiscal position | | | | | | | | | | | |
General budget balance (% of GDP) | -2.2 | -4.4 | -2.5 | -1.3 | -2.0 | -2.2 | -2.0 | 0.7 | 1.2 | 1.0 | -0.5 |
Public debt (% of GDP) | 29.0 | 33.4 | 37.4 | 38.0 | 40.0 | 38.9 | 42.1 | 41.8 | 40.4 | 40.8 | 40.0 |
Public debt (EUR bn) | 3.8 | 4.2 | 4.9 | 5.1 | 5.4 | 5.3 | 5.9 | 6.1 | 6.2 | 6.1 | 6.2 |
External debt (EUR bn) | 2.2 | 2.7 | 3.2 | 3.4 | 3.7 | 3.8 | 4.2 | 4.3 | 4.4 | 4.3 | 4.3 |
Internal debt (EUR bn) | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.5 | 1.7 | 1.8 | 1.8 | 1.8 | 1.9 |
Banking sector indicators | | | | | | | | | | | |
Total Assets (EUR mn) | 10.6 | 10.6 | 10.6 | 11.0 | 11.2 | 11.8 | 12.3 | 12.8 | 13.3 | 14.3 | 15.3 |
Total Assets (in % of GDP) | 81.3 | 83.2 | 81.9 | 81.9 | 83.6 | 86.1 | 87.9 | 87.3 | 87.3 | 89.2 | 90.4 |
Total loans (EUR mn) | 7.2 | 7.0 | 7.2 | 7.6 | 8.0 | 8.2 | 8.4 | 8.6 | 8.8 | 9.3 | 9.9 |
Total deposits (EUR mn) | 6.1 | 6.2 | 6.4 | 6.6 | 6.8 | 7.3 | 7.9 | 8.5 | 9.1 | 10.1 | 10.9 |
Non-performing Loans (%) - NPL | 3.1 | 5.9 | 11.4 | 11.8 | 13.5 | 15.1 | 14.2 | 13.7 | 11.8 | 10.8 | 9.8 |
Return on Assets (%) - ROA | 0.4 | 0.1 | -0.6 | 0.7 | 0.7 | -0.1 | 0.8 | 0.3 | 1.1 | 1.7 | 1.5 |
Return on Equity (%) - ROE | 4.2 | 0.8 | -5.5 | 5.8 | 5.1 | -0.5 | 5.4 | 2.0 | 7.3 | 11.7 | 10.58 |