External sectors, trade and payments | Balance of income, value in USD, balance of payments basis | | -12 654 921 078.907 | -10 392 204 071.371 | -13 062 477 769.704 | -14 933 668 473.812 | -14 623 583 253.637 | -14 788 075 272.400 | -15 547 554 110.238 | -17 660 280 423.847 | -18 195 440 436.691 |
Current account balance, value in USD | | -7 747 171 230.182 | -4 589 114 912.941 | -4 481 118 845.337 | -7 586 005 958.419 | -5 910 114 381.715 | -4 753 641 393.218 | -4 117 833 546.540 | -4 738 604 203.044 | -4 085 180 119.892 |
Current account balance, as a percentage of GDP | | -4.271 | -2.052 | -2.337 | -3.836 | -2.684 | -2.421 | -2.055 | -2.252 | -1.869 |
Competitiveness indicator, relative consumer prices (CPI), overall weights | | 108.131 | 124.017 | 119.218 | 120.502 | 122.955 | 119.097 | 117.621 | 117.819 | 117.819 |
Contribution to world trade volume, goods and services expressed in USD, 2005 prices | | 0.018 | -0.017 | 0.004 | 0.025 | 0.005 | 0.005 | 0.004 | 0.007 | 0.009 |
Nominal effective exchange rate, chain-linked, overall weights | | 107.631 | 120.657 | 116.280 | 118.158 | 122.014 | 117.464 | 116.402 | 117.225 | 117.225 |
Exchange rate, National currency per USD | | 20.289 | 17.078 | 19.050 | 19.080 | 17.672 | 19.538 | 19.337 | 18.686 | 18.686 |
Net exports of goods and services, value, National Accounts basis, USD | | 4 855 400 186.479 | 5 519 044 088.153 | 8 123 500 729.713 | 6 670 021 883.525 | 8 944 535 396.377 | 11 020 221 953.867 | 13 950 353 193.980 | 15 597 476 285.022 | 16 786 060 381.018 |
Imports of goods and services, volume, USD, 2005 prices | | 101 421 342 143.656 | 104 128 677 839.186 | 91 608 647 716.475 | 105 819 824 050.231 | 113 198 669 574.175 | 115 696 510 048.397 | 114 606 158 982.758 | 119 049 581 342.919 | 124 875 575 575.196 |
Import penetration, goods and services | | 0.408 | 0.407 | 0.386 | 0.417 | 0.429 | 0.437 | 0.439 | 0.445 | 0.452 |
Share of value imports of good and services in world imports, USD | | 0.717 | 0.738 | 0.718 | 0.697 | 0.701 | 0.664 | 0.649 | 0.655 | 0.642 |
Net current international transfers, value, balance of payments basis, USD | | -403 279 748.989 | -305 895 577.398 | -153 000 230.699 | 472 731 069.373 | 179 802 641.741 | -38 049 740.393 | -581 427 578.545 | -1 070 320 025.688 | -1 070 320 025.688 |
Goods and services trade volume, USD, 2005 prices | | 104 329 341 304.825 | 107 789 840 507.028 | 95 471 600 596.412 | 110 297 202 918.009 | 119 434 849 843.125 | 123 429 701 425.142 | 122 905 191 170.653 | 128 123 501 583.827 | 134 468 374 117.752 |
Competitiveness indicator, relative unit labour costs, overall economy | | 107.264 | 118.791 | 111.231 | 111.785 | 113.881 | 109.941 | 109.539 | 111.293 | 111.293 |
Exports of goods and services, volume, USD, 2005 prices | | 107 237 340 465.994 | 111 451 003 174.870 | 99 334 553 476.349 | 114 774 581 785.787 | 125 671 030 112.074 | 131 162 892 801.886 | 131 204 223 358.548 | 137 197 421 824.735 | 144 061 172 660.308 |
Export market for goods and services, volume, USD, 2005 prices | | 107 715 522 738.319 | 110 900 316 060.762 | 98 169 550 621.161 | 109 684 554 541.161 | 117 097 835 565.168 | 118 911 139 250.241 | 120 688 303 848.126 | 125 794 631 072.755 | 132 388 328 089.429 |
Export performance for goods and services, volume | | 0.996 | 1.005 | 1.012 | 1.046 | 1.073 | 1.103 | 1.087 | 1.091 | 1.088 |
Share of value exports of good and services in world exports expressed in USD | | 0.723 | 0.747 | 0.747 | 0.713 | 0.720 | 0.693 | 0.686 | 0.695 | 0.682 |
Government accounts | Gross public debt, Maastricht criterion, as a percentage of GDP | | 27.943 | 28.696 | 34.564 | 38.365 | 41.410 | 46.164 | 49.027 | 51.645 | 53.940 |
General government gross financial liabilities, as a percentage of GDP | | 31.001 | 34.389 | 41.212 | 45.221 | 48.190 | 55.747 | 58.610 | 61.228 | 63.523 |
General government net financial liabilities, as a percentage of GDP | | -15.472 | -6.733 | -2.363 | 5.085 | 5.797 | 11.566 | 14.430 | 17.047 | 19.342 |
Net government interest payments, as a percentage of GDP | | 0.690 | 0.740 | 1.021 | 1.144 | 1.210 | 1.276 | 1.373 | 1.422 | 1.439 |
Government net lending, as a percentage of GDP | | -0.729 | -2.207 | -5.784 | -4.673 | -3.189 | -4.405 | -2.863 | -2.932 | -2.934 |
Total disbursements, general government, as a percentage of GDP | | 41.030 | 41.146 | 44.677 | 43.733 | 43.163 | 44.507 | 43.883 | 44.362 | 44.891 |
Total receipts general government, as a percentage of GDP | | 40.302 | 38.938 | 38.893 | 39.060 | 39.974 | 40.102 | 41.021 | 41.430 | 41.957 |
Expenditure and GDP | Government final consumption expenditure, volume | | 666 464 000 000.000 | 674 161 000 000.000 | 701 214 000 000.000 | 702 869 000 000.000 | 683 912 000 000.000 | 670 762 000 000.000 | 680 957 840 672.857 | 681 926 689 335.854 | 690 494 619 050.148 |
Private final consumption expenditure, volume | | 1 672 834 000 000.000 | 1 720 261 000 000.000 | 1 723 593 000 000.000 | 1 739 936 000 000.000 | 1 748 857 000 000.000 | 1 711 340 000 000.000 | 1 716 218 353 710.050 | 1 730 017 895 454.600 | 1 765 170 367 634.480 |
Gross domestic product, value, market prices | | 3 662 573 000 000.000 | 3 848 411 000 000.000 | 3 758 979 000 000.000 | 3 790 880 000 000.000 | 3 823 401 000 000.000 | 3 845 926 000 000.000 | 3 845 644 309 401.410 | 3 931 277 647 832.390 | 4 084 350 840 831.030 |
Gross domestic product, volume, market prices | | 3 526 071 000 000.000 | 3 635 344 000 000.000 | 3 471 494 000 000.000 | 3 557 216 000 000.000 | 3 621 907 999 999.990 | 3 584 923 999 999.990 | 3 529 715 547 017.290 | 3 569 943 828 496.940 | 3 651 156 789 399.040 |
Gross fixed capital formation, housing, volume | | 141 618 000 000.000 | 148 982 000 000.000 | 131 607 000 000.000 | 144 779 000 000.000 | 134 404 000 000.000 | 132 309 000 000.000 | 129 860 231 016.939 | 129 824 838 311.503 | 130 839 150 295.064 |
Gross fixed capital formation, total, volume | | 963 948 000 000.000 | 1 003 509 000 000.000 | 892 622 000 000.000 | 901 714 000 000.000 | 904 928 000 000.000 | 864 193 000 000.000 | 826 855 857 942.158 | 830 431 218 634.028 | 849 900 794 123.683 |
Total domestic expenditure, volume | | 3 388 815 188 150.120 | 3 465 320 781 167.830 | 3 288 057 568 406.210 | 3 350 926 394 750.180 | 3 347 824 254 118.500 | 3 253 456 723 893.040 | 3 178 673 386 358.970 | 3 189 882 449 330.570 | 3 252 675 551 831.620 |
Selected variables: ready-made growth rates | Government final consumption expenditure growth (volume) | | 0.417 | 1.155 | 4.013 | 0.236 | -2.697 | -1.923 | 1.520 | 0.142 | 1.256 |
Headline inflation | | 2.978 | 6.339 | 1.033 | 1.464 | 1.929 | 3.294 | 1.384 | 1.037 | 1.325 |
Private final consumption expenditure growth (volume) | | 4.219 | 2.835 | 0.194 | 0.948 | 0.513 | -2.145 | 0.285 | 0.804 | 2.032 |
Total employment, growth | | 1.923 | 1.626 | -1.350 | -0.997 | -0.233 | 0.352 | 1.194 | 0.611 | 0.688 |
Final domestic expenditure growth (volume) | | 5.837 | 2.915 | -2.164 | 0.806 | -0.232 | -2.689 | -0.574 | 0.570 | 1.930 |
GDP growth (volume) | | 5.735 | 3.099 | -4.507 | 2.469 | 1.819 | -1.021 | -1.540 | 1.140 | 2.275 |
Gross fixed capital formation growth (volume) | | 13.236 | 4.104 | -11.050 | 1.019 | 0.356 | -4.501 | -4.320 | 0.432 | 2.345 |
Imports of goods and services growth (volume) | | 12.908 | 2.669 | -12.024 | 15.513 | 6.973 | 2.207 | -0.942 | 3.877 | 4.894 |
Core inflation | | 2.680 | 4.993 | 1.799 | 1.135 | 0.254 | 0.966 | 0.713 | 0.895 | 1.225 |
Private final consumption expenditure, deflator, growth | | 2.935 | 4.784 | 0.784 | -0.162 | 0.454 | 2.667 | 1.239 | 1.135 | 1.326 |
Gross domestic product, deflator, market prices, annualised rate | | 3.320 | 1.916 | 2.286 | -1.582 | -0.944 | 1.627 | 1.557 | 1.075 | 1.583 |
Total domestic expenditure growth (volume) | | 6.632 | 2.258 | -5.115 | 1.912 | -0.093 | -2.819 | -2.299 | 0.353 | 1.969 |
Goods and services trade growth, USD, 2005 prices, annualised rate | | 12.075 | 3.317 | -11.428 | 15.529 | 8.285 | 3.345 | -0.425 | 4.246 | 4.952 |
Exports of goods and services growth (volume) | | 11.298 | 3.929 | -10.872 | 15.543 | 9.494 | 4.370 | 0.032 | 4.568 | 5.003 |
Export performance for total goods and services growth | | 3.495 | 0.945 | 0.687 | 3.413 | 2.562 | 2.778 | -1.441 | 0.323 | -0.227 |
Supply block | Output gap of the total economy | | 6.069 | 6.248 | -0.609 | 0.242 | 0.617 | -1.598 | -4.317 | -4.678 | -4.343 |
Potential output of total economy, volume | | 3 324 328 126 359.910 | 3 421 551 659 480.520 | 3 492 772 279 095.710 | 3 548 637 401 673.810 | 3 599 701 042 682.750 | 3 643 149 351 354.960 | 3 688 976 956 778.100 | 3 745 123 876 176.260 | 3 816 912 428 784.090 |
Productive capital stocks, volume | | 9 993 676 122 520.870 | 10 428 287 767 559.300 | 10 770 567 431 838.900 | 11 080 979 636 839.600 | 11 396 436 794 321.700 | 11 676 467 440 255.000 | 11 910 567 058 652.400 | 12 124 725 309 306.000 | 12 350 414 784 411.000 |
NAIRU - Unemployment rate with non-accelerating inflation rate | | 6.847 | 6.540 | 6.465 | 6.345 | 6.145 | 6.145 | 6.145 | 6.145 | 6.145 |
Cyclically adjusted government net lending, as a percentage of potential GDP | | -2.974 | -4.548 | -5.545 | -4.723 | -3.389 | -3.758 | -1.224 | -1.134 | -1.251 |
Underlying government net lending, as a percentage of potential GDP | | -3.337 | -4.373 | -6.456 | -5.470 | -4.469 | -2.560 | -1.640 | -1.593 | -1.727 |
Underlying government primary balance, as a percentage of potential GDP | | -2.605 | -3.587 | -5.441 | -4.324 | -3.252 | -1.304 | -0.326 | -0.238 | -0.350 |
Household sector accounts | Household and non-profit institutions serving households net saving ratio | | 5.721 | 4.839 | 6.773 | 6.189 | 5.147 | 5.912 | 4.415 | 5.254 | 6.250 |
Prices and deflators | Consumer price index | | 1.056 | 1.123 | 1.135 | 1.151 | 1.173 | 1.212 | 1.229 | 1.242 | 1.258 |
Private final consumption expenditure, deflator | | 1.045 | 1.095 | 1.103 | 1.102 | 1.107 | 1.136 | 1.150 | 1.163 | 1.179 |
Gross domestic product, deflator, market prices | | 1.039 | 1.059 | 1.083 | 1.066 | 1.056 | 1.073 | 1.090 | 1.101 | 1.119 |
Imports of goods and services, deflator, National Accounts basis | | 0.999 | 0.968 | 0.951 | 0.957 | 0.980 | 1.016 | 1.017 | 1.029 | 1.039 |
Exports of goods and services, deflator, National Accounts basis | | 0.983 | 0.939 | 0.941 | 0.929 | 0.936 | 0.965 | 0.975 | 0.982 | 0.992 |
Labour markets | Total employment | | 4 921 414.740 | 5 001 448.021 | 4 933 946.275 | 4 884 733.616 | 4 873 346.356 | 4 890 503.599 | 4 948 908.242 | 4 979 140.341 | 5 013 374.275 |
Labour force | | 5 197 776.313 | 5 231 187.773 | 5 286 817.537 | 5 267 884.015 | 5 223 812.350 | 5 257 385.497 | 5 319 152.111 | 5 349 982.822 | 5 377 233.438 |
Labour productivity of the total economy | | 1.094 | 1.102 | 1.071 | 1.109 | 1.130 | 1.114 | 1.083 | 1.089 | 1.106 |
Unit labour cost in total economy | | 1.030 | 1.067 | 1.084 | 1.073 | 1.077 | 1.108 | 1.132 | 1.152 | 1.166 |
Unemployment, level | | 276 361.574 | 229 739.752 | 352 871.262 | 383 150.399 | 350 465.994 | 366 881.898 | 370 243.869 | 370 842.481 | 363 859.163 |
Unemployment rate | | 5.317 | 4.392 | 6.675 | 7.273 | 6.709 | 6.978 | 6.961 | 6.932 | 6.767 |
Compensation rate, total economy | | 356 793.726 | 371 793.124 | 369 410.778 | 380 987.295 | 389 903.116 | 397 173.565 | 391 637.976 | 401 040.665 | 412 230.515 |
Monetary data | Long-term interest rate on government bonds | | 4.303 | 4.633 | 4.838 | 3.884 | 3.708 | 2.782 | 2.138 | 2.546 | 2.946 |
Short-term interest rate | | 3.098 | 4.038 | 2.192 | 1.313 | 1.190 | 0.998 | 0.409 | 0.223 | 0.575 |