External sectors, trade and payments | Balance of income, value in USD, balance of payments basis | | -16 387 000 000.000 | -12 882 000 000.000 | -16 551 000 000.000 | -19 080 000 000.000 | -23 555 000 000.000 | -22 649 404 167.815 | -24 361 822 863.204 | -25 720 503 858.076 | -26 208 533 931.280 |
Current account balance, value in USD | | -26 501 000 000.000 | -34 957 000 000.000 | -17 155 000 000.000 | -24 030 000 000.000 | -25 770 000 000.000 | -18 244 540 312.877 | -13 590 681 671.064 | -15 280 596 172.213 | -15 743 773 396.577 |
Current account balance, as a percentage of GDP | | -6.201 | -6.512 | -3.967 | -5.110 | -4.976 | -3.722 | -2.615 | -2.729 | -2.666 |
Competitiveness indicator, relative consumer prices (CPI), overall weights | | 105.200 | 114.778 | 97.363 | 102.745 | 101.003 | 98.354 | 98.815 | 99.836 | 99.836 |
Contribution to world trade volume, goods and services expressed in USD, 2005 prices | | 0.024 | -0.005 | -0.002 | 0.029 | 0.009 | 0.003 | 0.009 | 0.014 | 0.017 |
Nominal effective exchange rate, chain-linked, overall weights | | 106.985 | 116.883 | 96.858 | 101.799 | 99.074 | 95.695 | 97.032 | 98.329 | 98.329 |
Exchange rate, National currency per USD | | 2.765 | 2.410 | 3.119 | 3.015 | 2.962 | 3.252 | 3.153 | 3.033 | 3.033 |
Net exports of goods and services, value, National Accounts basis, USD | | -11 844 288 131.903 | -20 936 285 855.820 | 816 146 957.536 | -5 549 062 922.953 | -5 983 576 114.153 | 1 245 824 311.415 | 8 959 813 958.581 | 7 637 032 265.431 | 7 266 185 054.916 |
Imports of goods and services, volume, USD, 2005 prices | | 153 880 287 153.234 | 164 039 513 361.394 | 145 277 305 494.980 | 165 334 247 040.530 | 174 987 442 762.784 | 171 719 653 586.502 | 173 670 847 433.743 | 181 027 539 272.448 | 192 654 715 765.418 |
Import penetration, goods and services | | 0.309 | 0.312 | 0.282 | 0.301 | 0.304 | 0.297 | 0.296 | 0.299 | 0.305 |
Share of value imports of good and services in world imports, USD | | 1.115 | 1.213 | 1.115 | 1.119 | 1.112 | 1.045 | 1.062 | 1.108 | 1.117 |
Net current international transfers, value, balance of payments basis, USD | | 4 194 000 000.000 | 3 578 000 000.000 | 2 218 000 000.000 | 3 762 000 000.000 | 6 159 000 000.000 | 5 150 407 045.165 | 2 799 901 187.682 | 2 802 875 420.431 | 3 198 575 479.786 |
Goods and services trade volume, USD, 2005 prices | | 147 919 706 358.522 | 157 257 587 177.524 | 143 295 207 911.210 | 161 864 073 953.262 | 172 994 649 273.293 | 173 885 026 410.101 | 179 011 791 674.033 | 187 289 034 094.011 | 199 152 216 884.206 |
Competitiveness indicator, relative unit labour costs, overall economy | | 107.339 | 120.446 | 97.840 | 103.738 | 100.346 | 95.351 | 96.945 | 98.130 | 98.130 |
Exports of goods and services, volume, USD, 2005 prices | | 141 959 125 563.809 | 150 475 660 993.655 | 141 313 110 327.441 | 158 393 900 865.994 | 171 001 855 783.802 | 176 050 399 233.699 | 184 352 735 914.324 | 193 550 528 915.574 | 205 649 718 002.993 |
Export market for goods and services, volume, USD, 2005 prices | | 123 783 450 180.484 | 128 056 602 459.441 | 112 820 865 370.235 | 126 106 844 206.658 | 134 985 714 852.806 | 137 815 793 379.918 | 140 119 985 989.481 | 145 940 492 940.062 | 153 363 851 995.471 |
Export performance for goods and services, volume | | 1.147 | 1.175 | 1.253 | 1.256 | 1.267 | 1.277 | 1.316 | 1.326 | 1.341 |
Share of value exports of good and services in world exports expressed in USD | | 1.012 | 1.077 | 1.085 | 1.058 | 1.051 | 1.018 | 1.062 | 1.100 | 1.106 |
Government accounts | Gross public debt, Maastricht criterion, as a percentage of GDP | | 45.003 | 47.117 | 51.018 | 54.944 | 56.337 | 55.612 | 59.220 | 51.969 | 52.103 |
General government gross financial liabilities, as a percentage of GDP | | 51.768 | 54.418 | 58.396 | 62.377 | 63.149 | 62.366 | 65.974 | 58.723 | 58.857 |
General government net financial liabilities, as a percentage of GDP | | 16.986 | 17.224 | 22.305 | 28.332 | 32.500 | 33.544 | 37.635 | 31.540 | 32.996 |
Net government interest payments, as a percentage of GDP | | 1.707 | 1.562 | 2.050 | 2.243 | 2.185 | 2.307 | 2.370 | 2.326 | 2.179 |
Government net lending, as a percentage of GDP | | -1.882 | -3.684 | -7.484 | -7.902 | -5.011 | -3.916 | -4.828 | 4.595 | -3.089 |
Total disbursements, general government, as a percentage of GDP | | 42.203 | 43.239 | 44.738 | 45.491 | 43.465 | 42.259 | 42.507 | 42.454 | 42.379 |
Total receipts general government, as a percentage of GDP | | 40.321 | 39.555 | 37.254 | 37.589 | 38.454 | 38.343 | 37.679 | 47.049 | 39.290 |
Expenditure and GDP | Government final consumption expenditure, volume | | 195 304 400 000.000 | 208 605 100 000.000 | 213 633 200 000.000 | 221 474 800 000.000 | 219 435 500 000.000 | 219 911 300 000.000 | 224 961 171 850.315 | 227 139 520 960.473 | 229 413 893 049.104 |
Private final consumption expenditure, volume | | 687 481 000 000.000 | 725 450 700 000.000 | 740 661 400 000.000 | 763 664 500 000.000 | 783 838 100 000.000 | 792 969 300 000.000 | 798 348 154 529.952 | 815 830 592 406.224 | 840 757 315 650.091 |
Gross domestic product, value, market prices | | 1 176 295 600 000.000 | 1 275 231 900 000.000 | 1 341 583 800 000.000 | 1 414 873 800 000.000 | 1 525 119 000 000.000 | 1 594 758 659 353.410 | 1 630 594 890 690.580 | 1 698 274 466 570.340 | 1 790 971 254 656.800 |
Gross domestic product, volume, market prices | | 1 115 058 800 000.000 | 1 170 967 100 000.000 | 1 189 830 000 000.000 | 1 235 902 600 000.000 | 1 291 892 000 000.000 | 1 318 466 612 729.960 | 1 337 563 273 363.350 | 1 374 225 579 113.240 | 1 419 960 142 438.140 |
Gross fixed capital formation, housing, volume | | 29 140 286 082.495 | 31 513 359 317.312 | 30 258 294 343.043 | 29 294 960 147.806 | 30 594 188 285.697 | 33 481 127 267.042 | 31 855 751 521.677 | 33 648 962 076.233 | 35 402 777 368.438 |
Gross fixed capital formation, total, volume | | 240 945 500 000.000 | 263 885 200 000.000 | 261 575 200 000.000 | 260 475 800 000.000 | 281 673 100 000.000 | 276 369 800 000.000 | 271 646 944 610.607 | 283 553 118 178.150 | 299 726 117 239.564 |
Total domestic expenditure, volume | | 1 154 875 587 049.360 | 1 215 271 010 524.040 | 1 207 526 182 147.880 | 1 261 025 365 599.980 | 1 304 515 415 554.470 | 1 299 469 204 309.650 | 1 296 333 073 325.900 | 1 330 046 870 874.520 | 1 374 888 208 899.410 |
Selected variables: ready-made growth rates | Government final consumption expenditure growth (volume) | | 3.550 | 6.810 | 2.410 | 3.671 | -0.921 | 0.217 | 2.296 | 0.968 | 1.001 |
Headline inflation | | 2.438 | 4.165 | 3.795 | 2.581 | 4.239 | 3.560 | 1.094 | 1.937 | 2.214 |
Private final consumption expenditure growth (volume) | | 4.916 | 5.523 | 2.097 | 3.106 | 2.642 | 1.165 | 0.678 | 2.190 | 3.055 |
Total employment, growth | | 4.441 | 3.676 | 0.430 | 0.580 | 0.576 | 0.183 | -0.388 | 0.157 | 0.541 |
Final domestic expenditure growth (volume) | | 7.152 | 6.609 | 1.513 | 2.475 | 3.037 | 0.381 | 0.510 | 2.381 | 3.195 |
GDP growth (volume) | | 6.824 | 5.014 | 1.611 | 3.872 | 4.530 | 2.057 | 1.448 | 2.741 | 3.328 |
Gross fixed capital formation growth (volume) | | 17.652 | 9.521 | -0.875 | -0.420 | 8.138 | -1.883 | -1.709 | 4.383 | 5.704 |
Imports of goods and services growth (volume) | | 13.664 | 6.602 | -11.438 | 13.806 | 5.839 | -1.867 | 1.136 | 4.236 | 6.423 |
Core inflation | | 1.110 | 2.184 | 3.040 | 1.646 | 2.325 | 1.398 | 1.186 | 1.836 | 2.154 |
Private final consumption expenditure, deflator, growth | | 2.440 | 4.323 | 2.467 | 2.579 | 4.760 | 3.657 | 0.896 | 1.926 | 2.162 |
Gross domestic product, deflator, market prices, annualised rate | | 3.981 | 3.235 | 3.535 | 1.531 | 3.120 | 2.459 | 0.787 | 1.372 | 2.062 |
Total domestic expenditure growth (volume) | | 8.704 | 5.230 | -0.637 | 4.430 | 3.449 | -0.387 | -0.241 | 2.601 | 3.371 |
Goods and services trade growth, USD, 2005 prices, annualised rate | | 11.442 | 6.313 | -8.879 | 12.958 | 6.876 | 0.515 | 2.948 | 4.624 | 6.334 |
Exports of goods and services growth (volume) | | 9.130 | 5.999 | -6.089 | 12.087 | 7.960 | 2.952 | 4.716 | 4.989 | 6.251 |
Export performance for total goods and services growth | | 0.877 | 2.462 | 6.593 | 0.278 | 0.859 | 0.838 | 2.994 | 0.802 | 1.108 |
Supply block | Output gap of the total economy | | 1.145 | 1.429 | -0.573 | 0.341 | 1.781 | 0.794 | -0.661 | -0.831 | -0.483 |
Potential output of total economy, volume | | 1 102 437 826 318.840 | 1 154 474 688 960.510 | 1 196 688 394 586.410 | 1 231 706 281 608.650 | 1 269 279 977 762.540 | 1 308 083 385 849.150 | 1 346 468 692 806.710 | 1 385 734 670 198.860 | 1 426 856 281 993.870 |
Productive capital stocks, volume | | 2 273 759 955 347.420 | 2 393 649 789 150.720 | 2 510 728 912 493.280 | 2 594 415 273 387.610 | 2 690 713 777 774.340 | 2 781 349 561 411.260 | 2 865 747 237 876.110 | 2 952 725 456 579.890 | 3 050 923 987 795.630 |
NAIRU - Unemployment rate with non-accelerating inflation rate | | 11.316 | 9.838 | 9.635 | 9.954 | 10.002 | 10.002 | 10.002 | 10.002 | 10.002 |
Cyclically adjusted government net lending, as a percentage of potential GDP | | -2.288 | -4.251 | -7.321 | -8.029 | -5.627 | -4.187 | -4.607 | 4.813 | -2.921 |
Underlying government net lending, as a percentage of potential GDP | | -2.453 | -4.063 | -6.868 | -8.376 | -6.600 | -4.729 | -5.035 | -4.121 | -3.936 |
Underlying government primary balance, as a percentage of potential GDP | | -0.726 | -2.478 | -4.830 | -6.125 | -4.376 | -2.404 | -2.681 | -1.815 | -1.768 |
Household sector accounts | Household and non-profit institutions serving households net saving ratio | | 4.646 | -0.298 | 6.839 | 6.051 | -0.167 | 2.597 | 1.013 | -1.529 | -3.264 |
Prices and deflators | Consumer price index | | 1.038 | 1.081 | 1.122 | 1.151 | 1.200 | 1.242 | 1.256 | 1.280 | 1.309 |
Private final consumption expenditure, deflator | | 1.037 | 1.082 | 1.109 | 1.138 | 1.192 | 1.235 | 1.246 | 1.270 | 1.298 |
Gross domestic product, deflator, market prices | | 1.055 | 1.089 | 1.128 | 1.145 | 1.181 | 1.210 | 1.219 | 1.236 | 1.261 |
Imports of goods and services, deflator, National Accounts basis | | 1.033 | 1.050 | 1.128 | 1.150 | 1.248 | 1.327 | 1.326 | 1.377 | 1.410 |
Exports of goods and services, deflator, National Accounts basis | | 1.053 | 1.048 | 1.168 | 1.173 | 1.250 | 1.307 | 1.303 | 1.330 | 1.360 |
Labour markets | Total employment | | 14 774 826.819 | 15 317 947.295 | 15 383 821.046 | 15 473 075.000 | 15 562 125.000 | 15 590 675.000 | 15 530 137.654 | 15 554 506.315 | 15 638 613.193 |
Labour force | | 16 346 850.506 | 16 493 748.178 | 16 754 091.577 | 17 123 275.000 | 17 220 775.000 | 17 339 875.000 | 17 353 519.373 | 17 399 114.765 | 17 426 421.738 |
Labour productivity of the total economy | | 1.050 | 1.064 | 1.075 | 1.112 | 1.153 | 1.215 | 1.236 | 1.269 | 1.304 |
Unit labour cost in total economy | | 1.047 | 1.135 | 1.164 | 1.177 | 1.193 | 1.207 | 1.230 | 1.243 | 1.259 |
Unemployment, level | | 1 572 023.687 | 1 175 800.883 | 1 370 270.531 | 1 650 200.000 | 1 658 650.000 | 1 749 200.000 | 1 823 381.719 | 1 844 608.450 | 1 787 808.545 |
Unemployment rate | | 9.617 | 7.129 | 8.179 | 9.637 | 9.632 | 10.088 | 10.507 | 10.602 | 10.259 |
Compensation rate, total economy | | 36 051.995 | 39 249.973 | 40 593.032 | 42 497.107 | 44 558.316 | 47 380.472 | 48 838.752 | 50 629.250 | 52 631.526 |
Monetary data | Long-term interest rate on government bonds | | 5.484 | 6.072 | 6.121 | 5.782 | 5.956 | 4.999 | 4.009 | 4.330 | 4.575 |
Short-term interest rate | | 4.770 | 6.349 | 4.339 | 3.932 | 4.578 | 4.875 | 2.955 | 2.935 | 3.838 |