Economic growth reached 3.1% in 2016 and has further accelerated in 2017, driven by exports, private consumption and investment. The economic expansion has been accompanied by rising employment and wage growth. Companies have continued to invest to meet growing demand from both domestic and international markets. Public finances are projected to continue to improve, reflecting the favourable macroeconomic outlook.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 3,1 4,7 4,0 3,3
Inflation (%, yoy) -0,2 1,6 1,5 1,8
Unemployment (%) 8,0 6,8 5,9 5,2
Public budget balance (% of GDP) -1,9 -0,8 0,0 0,4
Gross public debt (% of GDP) 78,5 76,4 74,1 72,0
Current account balance (% of GDP) 5,3 5,9 5,4 4,9

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