Macroeconomic indicators

Main indicators201520162017

2018

2019

forecast

2020

forecast

2021

forecast

GDP (real growth rates, in %) 2.2 3.1 4.8 4.1 2.8 3.0 2.7
GDP in EUR million (current prices) 38,853 40,367 42,987 45,755 48,242 50,910 53,581
GDP per capita, in EUR (current prices) 18,830 19,551 20,809 22,083 23,350 24,641 25,934
GDP per capita (PPS)* 23,800 24,100 25,500 27,000 - - -
GDP per capita (PPS EU 28=100) 82 83 85 87 - - -
Exports of goods and services (real growth rates, in %) 4.7 6.5 10.8 6.6 7.8 5.0 4.8
Imports of goods and services (real growth rates, in %) 4.3 6.7 10.7 7.7 9.2 5.8 5.5
Current account balance, in EUR million 1,482 1,942 2,635 2,593 2,348 2,398 2,289
Current account balance, as % of GDP 3.8 4.8 6.1 5.7 4.9 4.7 4.3
Gross external debt in EUR million 46,148 44,293 43,191 42,100 44,274 - -
Gross external debt, as % of GDP 118.8 109.7 100.5 92.0 - - -
Standardised rate of unemployment (ILO) 9.0 8.0 6.6 5.1 4.3 4.0 3.8
Labour productivity (% of GDP per employee) 0.9 1.3 1.8 0.9 0.3 1.5 1.9
Inflation, end of the year -0.4 0.5 1.7 1.4 2.3 2.2 2.3
Gross fixed capital formation as a % of GDP 18.7 17.4 18.3 19.2 19.9 20.7 21.6
Average exchange rate USD/EUR 1.110 1.107 1.129 1.181 1.123 1.115 1.115

 * PPS - Purchasing Power Standard

Source: Institute of Macroeconomic Analysis and Development, 2019