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Large Economies
Argentina $328bRussia $1,661b
Australia $1,055bSingapore $190b
Brazil $1,650bSouth Africa $274b
Canada $1,503bSweden $486b
China $4,520bTurkey $730b
Denmark $344bUnited Kingdom $2,657b
France $2,843bUnited States $14,292b
Germany $3,641b
India $1,251b
Italy $2,318b
Japan $4,849b
Korea $931b
Mexico $1,094b
Netherlands $875b
Norway $454b
 Debt Crisis Economies
Greece $349b
Ireland $265b
Italy $2,318b
Portugal $253b
Spain $1,601b
 All Countries with 2008 gdp bil usd
Islamic Republ $10bBelgium $509bCape Verde $2bDjibouti $bGeorgia $13bIndonesia $511bKyrgyz Republi $5bMalta $9bNiger $5bRwanda $5bSt. Kitts and $bTonga $bVietnam $90bASEAN-5 $1,270b
Albania $13bBelize $1bCentral Africa $2bDominica $bGermany $3,641bIslamic Republ $351bLao People's D $5bMauritania $4bNigeria $207bSamoa $bSt. Lucia $1bTrinidad and T $28bRepublic of Ye $27bLatin America $4,299b
Algeria $172bBenin $7bChad $8bDominican Repu $46bGhana $29bIraq $87bLatvia $33bMauritius $10bNorway $454bSão Tomé and P $bSt. Vincent an $bTunisia $45bZambia $15bMiddle East an $2,329b
Angola $84bBhutan $1bChile $179bEcuador $54bGreece $349bIreland $265bLebanon $30bMexico $1,094bOman $61bSaudi Arabia $477bSudan $54bTurkey $730bZimbabwe $4bSub-Saharan Af $940b
Antigua and Ba $1bBolivia $17bChina $4,520bEgypt $162bGrenada $bIsrael $202bLesotho $2bMoldova $6bPakistan $164bSenegal $13bSuriname $3bTurkmenistan $22bWorld $61,167b
Argentina $328bBosnia and Her $19bColombia $236bEl Salvador $21bGuatemala $39bItaly $2,318bLiberia $bMongolia $6bPanama $23bSerbia $48bSwaziland $3bTuvalu $bAdvanced econo $42,063b
Armenia $12bBotswana $14bComoros $bEquatorial Gui $18bGuinea $5bJamaica $14bLibya $98bMontenegro $5bPapua New Guin $8bSeychelles $bSweden $486bUganda $14bEuro area $13,605b
Australia $1,055bBrazil $1,650bDemocratic Rep $12bEritrea $1bGuinea-Bissau $bJapan $4,849bLithuania $48bMorocco $89bParaguay $17bSierra Leone $2bSwitzerland $503bUkraine $180bMajor advanced $32,102b
Austria $416bBrunei Darussa $14bRepublic of Co $12bEstonia $24bGuyana $2bJordan $22bLuxembourg $58bMozambique $10bPeru $126bSingapore $190bSyrian Arab Re $53bUnited Arab Em $315bNewly industri $1,737b
Azerbaijan $46bBulgaria $52bCosta Rica $30bEthiopia $27bHaiti $7bKazakhstan $135bFormer Yugosla $10bMyanmar $31bPhilippines $174bSlovak Republi $95bTaiwan Provinc $400bUnited Kingdom $2,657bOther advanced $5,154b
The Bahamas $8bBurkina Faso $8bCôte d'Ivoire $24bFiji $4bHonduras $14bKenya $27bMadagascar $9bNamibia $9bPoland $529bSlovenia $55bTajikistan $5bUnited States $14,292bEuropean Union $18,342b
Bahrain $22bBurundi $2bCroatia $70bFinland $273bHong Kong SAR $215bKiribati $bMalawi $4bNepal $13bPortugal $253bSolomon Island $bTanzania $19bUruguay $30bEmerging and d $19,104b
Bangladesh $84bCambodia $10bCyprus $25bFrance $2,843bHungary $154bKorea $931bMalaysia $223bNetherlands $875bQatar $115bSouth Africa $274bThailand $273bUzbekistan $29bCentral and ea $1,920b
Barbados $4bCameroon $24bCzech Republic $225bGabon $15bIceland $17bKosovo $6bMaldives $2bNew Zealand $132bRomania $204bSpain $1,601bDemocratic Rep $3bVanuatu $bCommonwealth o $2,180b
Belarus $61bCanada $1,503bDenmark $344bThe Gambia $bIndia $1,251bKuwait $147bMali $9bNicaragua $6bRussia $1,661bSri Lanka $41bTogo $3bVenezuela $315bDeveloping Asi $7,435b
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| Select Variable
GDP, constant prices Natl currency |
GDP, constant prices   *   % chg
GDP, current prices   *   Natl currency |
GDP, current prices   *   U.S. $s |
GDP, deflator Index, 2000=100
GDP per capita, constant pri Natl currency
GDP per capita, current pric Natl currency
GDP per capita, current pric U.S. $s
Output gap in percent of pot % of potential GDP
GDP based on PPP valuation o Current intl $ |
GDP based on PPP per capita Current intl $
GDP based on PPP share of wo %
Implied PPP conversion rate Natl currency/$
Total investment % of GDP
Gross national savings % of GDP
Inflation, average consumer Index
Inflation, average consumer % chg
Inflation, end of period con Index
Inflation, end of period con   *   % chg
Six-month London interbank o %
Volume of imports of goods a % chg
Volume of Imports of goods % chg
Volume of exports of goods a % chg
Volume of exports of goods % chg
Value of oil imports U.S. $s |
Value of oil exports U.S. $s |
Unemployment rate   *   % of total labor force
Employment Index, 2000=100
Population   *   Persons |
Govt revenue Natl currency |
Govt revenue % of GDP
Govt total expenditure Natl currency |
Govt total expenditure   *   % of GDP
Govt net lending/borrowing Natl currency |
Govt net lending/borrowing % of GDP
Govt structural balance Natl currency |
Govt structural balance % of potential GDP
Govt primary net lending/bor Natl currency |
Govt primary net lending/bor % of GDP
Govt net debt Natl currency |
Govt net debt % of GDP
Govt gross debt Natl currency |
Govt gross debt   *   % of GDP
GDP corresponding to fiscal Natl currency |
Current account balance U.S. $s |
Current account balance % of GDP
*_popular_variable. 		  Greece   GRC (f) = observation is an IMF forecast | 2012 Jul 19
  country cd     variable cd     variable   data for
all years 		1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
1 GRC | 174 NGDP_R   GDP, constant prices National currency | Billions | 1980 1.580   1970-2010 63.74 68.28 74.34 79.77 76.87 81.54 86.73 89.71 95.70 99.24 100.97 99.40 98.28 97.22 99.17 101.66 102.19 99.88 104.16 108.12 108.12 111.47 112.25 110.45 112.66 115.03 117.74 122.02 126.13 130.44 136.28 142.00 146.88 155.62 162.41 166.12 173.78 179.05 178.80 172.98 166.91 155.46 (f) 148.08 (f) 148.15 (f) 151.92 (f) 156.70 (f) 161.47 (f) 166.10 (f)
2 GRC | 174 NGDP_RPCH   GDP, constant prices Percent change   1980-2010 7.126 8.869 7.315 -3.635 6.075 6.355 3.442 6.680 3.699 0.6770 -1.554 -1.133 -1.079 2.011 2.510 0.5180 -2.259 4.288 3.800 3.100 0.7000 -1.600 2.000 2.100 2.358 3.638 3.364 3.420 4.476 4.198 3.439 5.944 4.367 2.281 4.614 3.032 -0.1370 -3.258 -3.507 -6.860 (f) -4.749 (f) 0.0460 (f) 2.546 (f) 3.147 (f) 3.047 (f) 2.866 (f)
3 GRC | 174 NGDP   GDP, current prices National currency | Billions | 1980 1.103   1970-2010 1.142 1.262 1.443 1.849 2.156 2.569 3.152 3.691 4.504 5.584 6.690 8.009 10.07 12.02 14.95 18.24 21.79 24.55 29.87 35.50 42.85 52.92 61.18 68.89 78.12 87.57 96.25 106.53 115.89 123.46 136.28 146.43 156.62 172.43 185.27 194.82 211.30 227.07 236.92 235.02 230.17 217.81 (f) 206.12 (f) 205.28 (f) 210.40 (f) 218.85 (f) 227.88 (f) 237.56 (f)
4 GRC | 174 NGDPD   GDP, current prices U.S. dollars | Billions | 1980 1.103   1970-2010 12.97 14.33 16.39 21.28 24.48 27.42 29.42 34.15 41.78 51.38 53.64 49.50 51.65 46.70 45.48 45.13 53.10 61.78 71.95 74.56 92.20 99.42 109.56 102.61 109.82 128.90 136.27 133.13 133.87 137.83 127.60 131.14 147.91 194.99 230.34 242.70 265.32 311.24 348.67 327.33 305.42 303.07 (f) 271.11 (f) 270.17 (f) 275.95 (f) 285.74 (f) 296.03 (f) 306.90 (f)
5 GRC | 174 NGDP_D   GDP, deflator Index   1980-2010 1.792 1.849 1.942 2.318 2.805 3.150 3.635 4.114 4.706 5.627 6.625 8.057 10.25 12.36 15.07 17.94 21.33 24.58 28.68 32.84 39.63 47.48 54.50 62.37 69.34 76.13 81.75 87.31 91.88 94.65 100.00 103.12 106.63 110.81 114.07 117.28 121.59 126.82 132.50 135.87 137.90 140.11 (f) 139.19 (f) 138.57 (f) 138.49 (f) 139.66 (f) 141.12 (f) 143.02 (f)
6 GRC | 174 NGDPRPC   GDP per capita, constant prices National currency | Units | 1980 1.580   1970-2010 7248.92 7730.30 8359.14 8930.43 8576.96 9007.52 9454.55 9674.51 10221.46 10498.58 10470.78 10218.02 10033.18 9871.55 10024.22 10233.37 10247.15 9980.65 10370.26 10711.01 10640.39 10877.11 10841.11 10551.48 10651.60 10778.44 10952.59 11284.87 11610.77 11961.57 12454.76 12939.77 13353.09 14119.86 14708.48 15014.01 15674.21 16113.12 16054.86 15498.43 14925.51 13887.73 (f) 13216.26 (f) 13211.73 (f) 13538.63 (f) 13956.27 (f) 14374.27 (f) 14780.29 (f)
7 GRC | 174 NGDPPC   GDP per capita, current prices National currency | Units | 1980 1.103   1970-2010 129.81 142.83 162.24 207.02 240.43 283.67 343.56 398.04 481.09 590.61 693.73 823.29 1028.39 1220.38 1510.88 1835.86 2185.45 2453.28 2974.23 3517.36 4217.13 5163.99 5908.58 6580.48 7385.73 8205.49 8953.55 9852.20 10667.97 11321.33 12454.85 13343.15 14237.74 15645.68 16778.27 17608.35 19058.33 20435.03 21272.97 21056.96 20582.41 19457.57 (f) 18396.21 (f) 18306.80 (f) 18750.08 (f) 19491.82 (f) 20285.42 (f) 21139.07 (f)
8 GRC | 174 NGDPDPC   GDP per capita, current prices U.S. dollars | Units | 1980 1.103   1970-2010 1474.74 1622.64 1842.90 2382.56 2731.42 3029.32 3207.12 3682.26 4461.71 5435.16 5562.66 5088.48 5273.53 4742.37 4597.46 4543.20 5325.16 6174.09 7163.53 7387.00 9073.37 9701.56 10581.01 9802.05 10383.31 12077.84 12676.58 12311.89 12323.38 12639.03 11661.88 11950.44 13446.40 17692.57 20860.49 21935.69 23930.56 28008.98 31307.74 29328.08 27310.68 27073.41 (f) 24197.27 (f) 24093.91 (f) 24591.77 (f) 25449.30 (f) 26352.47 (f) 27309.68 (f)
9 GRC | 174 NGAP_NPGDP   Output gap in percent of potential GDP Percent of potential GDP   1982-2010 -1.216 -2.900 -1.577 0.1770 -0.1230 -3.306 -0.2850 2.234 3.325 4.028 2.322 -1.700 -2.238 -2.865 -3.458 -3.063 -3.102 -3.207 -2.360 -1.701 -1.580 1.225 2.985 3.205 6.395 8.688 8.260 4.992 2.939 -2.464 (f) -6.779 (f) -6.721 (f)
10 GRC | 174 PPPGDP   GDP based on PPP valuation of country GDP Current international dollar | Billions   1980-2010 82.10 88.40 92.73 95.35 100.92 106.59 109.51 110.14 118.81 127.98 132.92 141.90 146.28 147.12 153.22 159.70 166.58 175.69 183.65 192.72 205.71 219.19 230.40 249.22 265.66 277.44 299.62 317.66 324.26 317.01 309.41 294.34 (f) 283.95 (f) 288.38 (f) 300.09 (f) 314.50 (f) 329.32 (f) 345.35 (f)
11 GRC | 174 PPPPC   GDP based on PPP per capita GDP Current international dollar | Units   1980-2010 8513.66 9086.74 9466.64 9682.46 10201.53 10729.64 10981.58 11006.43 11828.94 12678.99 13081.46 13846.39 14127.81 14054.21 14486.48 14964.41 15495.79 16247.76 16905.81 17672.88 18799.85 19973.31 20945.02 22613.50 24059.28 25076.08 27024.65 28587.47 29115.85 28403.34 27668.29 26293.95 (f) 25343.24 (f) 25717.37 (f) 26742.96 (f) 28010.55 (f) 29316.22 (f) 30730.53 (f)
12 GRC | 174 PPPSH   GDP based on PPP share of world total Percent   1980-2010 0.7250 0.6990 0.6870 0.6620 0.6450 0.6360 0.6190 0.5830 0.5830 0.5830 0.5650 0.5710 0.5250 0.5060 0.5000 0.4930 0.4870 0.4840 0.4880 0.4880 0.4860 0.4960 0.4990 0.5100 0.5050 0.4890 0.4860 0.4760 0.4630 0.4520 0.4150 0.3730 (f) 0.3440 (f) 0.3310 (f) 0.3250 (f) 0.3210 (f) 0.3160 (f) 0.3110 (f)
13 GRC | 174 PPPEX   Implied PPP conversion rate National currency per current international dollar   1980-2010 0.0810 0.0910 0.1090 0.1260 0.1480 0.1710 0.1990 0.2230 0.2510 0.2770 0.3220 0.3730 0.4180 0.4680 0.5100 0.5480 0.5780 0.6060 0.6310 0.6410 0.6620 0.6680 0.6800 0.6920 0.6970 0.7020 0.7050 0.7150 0.7310 0.7410 0.7440 0.7400 (f) 0.7260 (f) 0.7120 (f) 0.7010 (f) 0.6960 (f) 0.6920 (f) 0.6880 (f)
14 GRC | 174 NID_NGDP   Total investment Percent of GDP   1980-2010 25.13 20.42 24.34 23.31 24.30 25.61 24.85 18.53 21.48 21.75 22.32 23.00 20.44 19.33 18.09 17.84 18.65 19.09 20.50 22.31 23.32 23.21 22.31 24.48 22.51 19.75 20.39 21.87 20.52 16.10 14.56 14.47 (f) 14.70 (f) 15.68 (f) 16.33 (f) 16.89 (f) 17.60 (f) 18.12 (f)
15 GRC | 174 NGSD_NGDP   Gross national savings Percent of GDP   1980-2010 21.02 15.56 20.68 19.29 19.61 18.35 21.69 16.55 20.15 18.32 18.48 21.42 18.49 18.60 17.96 15.62 15.31 15.44 17.74 17.01 15.62 16.04 15.83 17.91 16.66 12.38 9.143 7.511 5.828 5.117 4.574 4.792 (f) 7.305 (f) 9.046 (f) 10.96 (f) 13.60 (f) 15.22 (f) 17.07 (f)
16 GRC | 174 PCPI   Inflation, average consumer prices Index   1980-2011 5.879 7.311 8.877 10.64 12.60 15.06 18.54 21.57 24.48 27.84 35.23 42.10 48.79 55.79 61.86 67.37 72.67 76.63 80.09 81.81 84.18 87.26 90.68 93.79 96.62 99.99 103.30 106.39 110.90 112.39 117.68 121.32 120.72 (f) 120.41 (f) 120.66 (f) 121.88 (f) 123.23 (f) 124.92 (f)
17 GRC | 174 PCPIPCH   Inflation, average consumer prices Percent change   1980-2011 24.75 24.35 21.42 19.86 18.42 19.53 23.11 16.36 13.48 13.71 26.54 19.52 15.89 14.36 10.89 8.905 7.863 5.442 4.522 2.152 2.898 3.655 3.912 3.432 3.021 3.482 3.316 2.988 4.237 1.349 4.702 3.100 -0.5000 (f) -0.2530 (f) 0.2080 (f) 1.008 (f) 1.111 (f) 1.371 (f)
18 GRC | 174 PCPIE   Inflation, end of period consumer prices Index   1980-2011 6.883 8.463 10.04 12.07 14.22 17.83 20.88 24.15 27.53 31.71 38.93 45.81 52.47 58.79 65.11 70.30 75.15 78.57 81.48 83.37 86.42 89.47 92.60 95.51 98.49 101.90 105.16 109.22 111.62 113.82 119.58 122.22 123.19 (f) 123.17 (f) 123.91 (f) 125.23 (f) 126.78 (f) 128.69 (f)
19 GRC | 174 PCPIEPCH   Inflation, end of period consumer prices Percent change   1980-2011 25.93 22.95 18.67 20.23 17.76 25.40 17.09 15.68 14.02 15.16 22.78 17.68 14.53 12.04 10.75 7.972 6.899 4.551 3.704 2.320 3.658 3.529 3.498 3.143 3.120 3.462 3.199 3.861 2.197 1.968 5.067 2.200 0.8000 (f) -0.0230 (f) 0.6080 (f) 1.059 (f) 1.241 (f) 1.510 (f)
20 GRC | 174 FLIBOR6   Six-month London interbank offered rate (LIBOR) Percentno data
21 GRC | 174 TM_RPCH   Volume of imports of goods and services Percent change   1980-2011 -7.420 0.2310 10.65 9.383 0.5480 13.58 1.424 21.69 -24.87 34.64 12.42 12.74 15.30 9.714 5.389 8.445 9.009 1.586 9.244 15.04 8.888 -7.038 -13.02 2.964 5.667 -1.479 10.78 14.60 3.262 -20.17 -7.220 -11.27 -6.065 (f) 0.3660 (f) 2.862 (f) 3.346 (f) 3.304 (f) 3.158 (f)
22 GRC | 174 TMG_RPCH   Volume of Imports of goods Percent change   1980-2011 -2.479 -2.669 0.9440 -0.7100 4.619 12.93 3.831 16.39 5.027 10.87 9.035 6.764 1.729 0.1700 0.7290 10.34 7.822 6.452 9.375 -4.766 14.83 -4.652 1.466 4.868 4.425 -1.180 12.07 16.00 1.167 -29.91 -10.50 -9.339 -5.475 (f) 0.2190 (f) 2.517 (f) 3.111 (f) 3.065 (f) 2.828 (f)
23 GRC | 174 TX_RPCH   Volume of exports of goods and services Percent change   1980-2011 10.27 -15.71 0.2000 14.20 21.45 -0.1740 16.84 13.05 -32.83 37.67 -5.212 14.55 28.00 -2.656 4.100 10.28 6.822 11.13 5.252 18.14 14.11 -3.960 -14.99 2.919 17.31 2.501 5.746 6.938 2.954 -19.50 4.217 -0.1610 2.973 (f) 7.253 (f) 7.941 (f) 7.936 (f) 7.436 (f) 6.954 (f)
24 GRC | 174 TXG_RPCH   Volume of exports of goods Percent change   1980-2011 -15.65 22.23 -13.76 9.232 18.72 4.906 -2.397 14.45 -9.327 11.15 -7.220 5.749 11.60 -6.897 4.597 3.704 0.6000 6.900 1.700 3.800 7.296 7.662 6.419 4.259 9.429 6.316 11.68 1.461 3.841 -18.40 4.643 4.883 4.380 (f) 9.796 (f) 9.270 (f) 8.609 (f) 7.603 (f) 6.307 (f)
25 GRC | 174 TMGO   Value of oil imports U.S. dollars | Billions   1980-2011 5.135 5.107 4.903 3.633 3.080 3.188 1.786 2.360 2.470 2.582 2.694 2.893 2.276 1.947 1.943 2.230 2.880 2.805 2.024 2.920 4.998 4.162 4.370 6.012 7.529 11.07 14.69 16.80 24.15 14.85 18.02 24.09 22.40 (f) 21.77 (f) 21.25 (f) 21.10 (f) 21.21 (f) 21.29 (f)
26 GRC | 174 TXGO   Value of oil exports U.S. dollars | Billions   1980-2011 1.591 1.423 1.318 1.087 0.9000 0.8340 0.5120 0.5440 0.5170 0.4880 0.4610 0.8590 0.6270 0.5340 0.6060 0.4910 0.6520 0.6010 0.7270 0.9700 2.238 1.478 1.059 1.448 1.921 2.813 3.691 4.163 6.261 4.266 6.568 8.610 8.777 (f) 8.547 (f) 8.317 (f) 8.246 (f) 8.272 (f) 8.302 (f)
27 GRC | 174 LUR   Unemployment rate Percent of total labor force   1980-2010 2.663 3.916 5.594 7.603 7.877 7.555 7.140 7.122 7.423 7.217 6.795 7.425 8.368 9.339 9.299 9.071 9.804 9.767 11.20 12.13 11.35 10.75 10.33 9.725 10.49 9.900 8.892 8.292 7.683 9.375 12.46 17.31 (f) 19.37 (f) 19.37 (f) 18.24 (f) 16.77 (f) 15.60 (f) 14.59 (f)
28 GRC | 174 LE   Employment Persons | Millions   1980-2010 3.880 3.825 3.757 3.705 3.698 3.735 3.748 3.744 3.806 3.821 3.871 3.780 3.835 3.872 3.944 4.062 4.114 3.788 4.018 4.031 4.088 4.086 4.176 4.275 4.313 4.368 4.452 4.506 4.556 4.511 4.389 4.100 (f) 3.904 (f) 3.892 (f)
29 GRC | 174 LP   Population Persons | Millions   1980-2010 9.643 9.728 9.795 9.848 9.893 9.934 9.972 10.01 10.04 10.09 10.16 10.25 10.35 10.47 10.58 10.67 10.75 10.81 10.86 10.91 10.94 10.97 11.00 11.02 11.04 11.06 11.09 11.11 11.14 11.16 11.18 11.19 (f) 11.20 (f) 11.21 (f) 11.22 (f) 11.23 (f) 11.23 (f) 11.24 (f)
30 GRC | 174 GGR   Govt revenue National currency | Billions   1980-2010 1.690 1.930 2.681 3.318 4.246 5.162 6.288 7.305 8.291 9.322 12.39 15.52 18.43 21.47 25.49 31.68 35.61 41.12 46.47 50.51 58.54 59.82 63.04 67.29 70.58 75.22 81.84 90.92 94.76 88.07 89.75 88.25 (f) 85.96 (f) 85.67 (f) 87.48 (f) 86.62 (f) 90.20 (f) 94.01 (f)
31 GRC | 174 GGR_NGDP   Govt revenue Percent of GDP   1980-2010 25.26 24.10 26.62 27.61 28.40 28.31 28.85 29.76 27.75 26.26 28.92 29.33 30.12 31.17 32.63 36.18 37.00 38.60 40.10 40.91 42.95 40.85 40.25 39.02 38.10 38.61 38.73 40.04 40.00 37.47 38.99 40.52 (f) 41.71 (f) 41.73 (f) 41.58 (f) 39.58 (f) 39.58 (f) 39.57 (f)
32 GRC | 174 GGX   Govt total expenditure National currency | Billions   1980-2010 1.850 2.537 3.261 4.100 5.387 7.043 8.301 9.424 11.40 13.93 18.61 21.01 25.47 30.01 32.53 37.80 42.15 47.53 50.99 54.38 63.57 66.32 70.61 77.14 84.33 86.10 94.43 106.07 117.83 124.64 114.21 108.24 (f) 100.80 (f) 95.03 (f) 91.88 (f) 90.18 (f) 93.90 (f) 97.87 (f)
33 GRC | 174 GGX_NGDP   Govt total expenditure Percent of GDP   1980-2010 27.66 31.67 32.37 34.11 36.04 38.62 38.09 38.39 38.15 39.24 43.43 39.70 41.63 43.57 41.65 43.17 43.79 44.62 44.00 44.05 46.64 45.29 45.09 44.74 45.52 44.19 44.69 46.71 49.73 53.03 49.62 49.70 (f) 48.90 (f) 46.29 (f) 43.67 (f) 41.21 (f) 41.21 (f) 41.20 (f)
34 GRC | 174 GGXCNL   Govt net lending/borrowing National currency | Billions   1980-2010 -0.1610 -0.6070 -0.5790 -0.7820 -1.142 -1.881 -2.014 -2.118 -3.105 -4.609 -6.216 -5.488 -7.038 -8.539 -7.043 -6.118 -6.536 -6.417 -4.525 -3.873 -5.031 -6.500 -7.572 -9.851 -13.75 -10.88 -12.59 -15.15 -23.06 -36.57 -24.46 -19.99 (f) -14.84 (f) -9.359 (f) -4.403 (f) -3.557 (f) -3.704 (f) -3.861 (f)
35 GRC | 174 GGXCNL_NGDP   Govt net lending/borrowing Percent of GDP   1980-2010 -2.400 -7.578 -5.751 -6.503 -7.638 -10.31 -9.240 -8.628 -10.39 -12.98 -14.51 -10.37 -11.50 -12.40 -9.016 -6.986 -6.791 -6.024 -3.905 -3.137 -3.692 -4.439 -4.835 -5.713 -7.421 -5.584 -5.957 -6.672 -9.735 -15.56 -10.63 -9.178 (f) -7.198 (f) -4.559 (f) -2.093 (f) -1.625 (f) -1.625 (f) -1.625 (f)
36 GRC | 174 GGSB   Govt structural balance National currency | Billions   1988-2010 -3.081 -4.816 -6.329 -5.900 -7.393 -8.268 -6.755 -5.407 -5.576 -5.530 -3.433 -2.422 -3.739 -5.777 -8.312 -11.62 -15.69 -14.97 -18.34 -20.96 -26.98 -38.76 -22.67 -15.18 (f) -10.15 (f) -6.082 (f) -2.558 (f) -2.856 (f) -2.728 (f) -2.305 (f)
37 GRC | 174 GGSB_NPGDP   Govt structural balance Percent of potential GDP   1988-2010 -10.28 -13.87 -15.26 -11.60 -12.37 -11.80 -8.453 -5.998 -5.593 -5.032 -2.871 -1.899 -2.679 -3.878 -5.223 -6.824 -8.724 -7.930 -9.235 -10.03 -12.33 -17.32 -10.14 -6.795 (f) -4.591 (f) -2.764 (f) -1.158 (f) -1.271 (f) -1.185 (f) -0.9700 (f)
38 GRC | 174 GGXONLB   Govt primary net lending/borrowing National currency | Billions   1988-2010 -1.237 -2.416 -2.556 -1.443 -1.169 -1.395 1.923 4.070 4.003 3.897 5.298 5.570 4.965 2.957 1.169 -1.264 -4.762 -1.871 -2.809 -4.466 -11.13 -24.65 -11.26 -5.109 (f) -2.037 (f) 3.652 (f) 9.356 (f) 9.732 (f) 10.13 (f) 10.56 (f)
39 GRC | 174 GGXONLB_NGDP   Govt primary net lending/borrowing Percent of GDP   1988-2010 -4.142 -6.806 -5.965 -2.727 -1.912 -2.025 2.462 4.648 4.159 3.658 4.572 4.512 3.643 2.019 0.7460 -0.7330 -2.570 -0.9600 -1.329 -1.967 -4.697 -10.49 -4.891 -2.346 (f) -0.9880 (f) 1.779 (f) 4.447 (f) 4.447 (f) 4.447 (f) 4.446 (f)
40 GRC | 174 GGXWDN   Govt net debt National currency | Billions   1980-2010 1.375 1.956 2.709 3.710 5.510 7.830 9.465 11.86 15.78 19.64 27.52 35.85 40.53 45.82 51.62 58.15 65.50 73.79 83.13 93.64 105.49 118.83 133.87 167.72 183.12 195.39 224.20 239.36 262.32 298.71 328.59 350.26 (f) 315.84 (f) 330.35 (f) 332.73 (f) 330.30 (f) 327.45 (f) 324.95 (f)
41 GRC | 174 GGXWDN_NGDP   Govt net debt Percent of GDP   1980-2010 20.56 24.43 26.89 30.87 36.86 42.94 43.43 48.30 52.83 55.33 64.22 67.74 66.25 66.52 66.08 66.40 68.06 69.27 71.73 75.85 77.41 81.15 85.47 97.27 98.84 100.29 106.11 105.41 110.72 127.10 142.76 160.81 (f) 153.24 (f) 160.93 (f) 158.15 (f) 150.93 (f) 143.70 (f) 136.79 (f)
42 GRC | 174 GGXWDG   Govt gross debt National currency | Billions   1980-2010 1.510 2.142 2.959 4.046 6.001 8.521 10.30 12.90 17.09 21.29 31.42 39.61 49.03 69.24 76.96 86.88 97.79 105.19 111.92 126.56 140.97 151.87 158.89 167.72 183.12 195.39 224.20 239.36 262.32 298.71 328.59 350.26 (f) 315.84 (f) 330.35 (f) 332.73 (f) 330.30 (f) 327.45 (f) 324.95 (f)
43 GRC | 174 GGXWDG_NGDP   Govt gross debt Percent of GDP   1980-2010 22.58 26.74 29.37 33.67 40.15 46.72 47.25 52.53 57.20 59.95 73.32 74.85 80.14 100.51 98.51 99.21 101.60 98.74 96.58 102.51 103.44 103.72 101.45 97.27 98.84 100.29 106.11 105.41 110.72 127.10 142.76 160.81 (f) 153.24 (f) 160.93 (f) 158.15 (f) 150.93 (f) 143.70 (f) 136.79 (f)
44 GRC | 174 NGDP_FY   GDP corresponding to fiscal year, current prices National currency | Billions   1980-2010 6.690 8.009 10.07 12.02 14.95 18.24 21.79 24.55 29.87 35.50 42.85 52.92 61.18 68.89 78.12 87.57 96.25 106.53 115.89 123.46 136.28 146.43 156.62 172.43 185.27 194.82 211.30 227.07 236.92 235.02 230.17 217.81 (f) 206.12 (f) 205.28 (f) 210.40 (f) 218.85 (f) 227.88 (f) 237.56 (f)
45 GRC | 174 BCA   Current account balance U.S. dollars | Billions   1980-2011 -2.209 -2.408 -1.892 -1.878 -2.132 -3.276 -1.676 -1.223 -0.9580 -2.561 -3.537 -1.574 -2.140 -0.7470 -0.1460 -2.864 -4.554 -4.860 -3.682 -7.295 -9.820 -9.400 -9.582 -12.80 -13.48 -17.87 -29.83 -44.69 -51.21 -35.96 -30.49 -29.32 -20.04 (f) -17.91 (f) -14.80 (f) -9.418 (f) -7.027 (f) -3.236 (f)
46 GRC | 174 BCA_NGDPD   Current account balance Percent of GDP   1980-2010 -4.118 -4.865 -3.663 -4.021 -4.688 -7.259 -3.156 -1.979 -1.331 -3.435 -3.836 -1.583 -1.953 -0.7280 -0.1330 -2.222 -3.342 -3.651 -2.751 -5.293 -7.695 -7.168 -6.478 -6.566 -5.850 -7.365 -11.24 -14.36 -14.69 -10.99 -9.982 -9.673 (f) -7.390 (f) -6.629 (f) -5.365 (f) -3.296 (f) -2.374 (f) -1.055 (f)
    NOTES
    1GDP, constant prices : Expressed in billions of national currency units; the base year is country-specific. Expenditure-based GDP is total final expenditures at purchasers? prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993] Source: National Statistical Office Latest actual data: 2010 Notes: The National Statistical Office revised the national accounts data significantly in October, 2007. Official data are only available from 2000. Staff has estimated data prior to 2000 using growth rates from the October 2007 release of WEO. Therefore, these estimates should be treated as very provisional. Data for 2009 are provisional. National accounts manual used: ESA 1995 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2000 Chain-weighted: Yes, from 2000 Primary domestic currency: Euros Data last updated: 03/2012
    2GDP, constant prices : See notes for: Gross domestic product, constant prices (National currency).
    3GDP, current prices : Expressed in billions of national currency units . Expenditure-based GDP is total final expenditures at purchasers? prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993] Source: National Statistical Office Latest actual data: 2010 Notes: The National Statistical Office revised the national accounts data significantly in October, 2007. Official data are only available from 2000. Staff has estimated data prior to 2000 using growth rates from the October 2007 release of WEO. Therefore, these estimates should be treated as very provisional. Data for 2009 are provisional. National accounts manual used: ESA 1995 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2000 Chain-weighted: Yes, from 2000 Primary domestic currency: Euros Data last updated: 03/2012
    4GDP, current prices : See notes for: Gross domestic product, current prices (National currency).
    5GDP, deflator : See notes for: Gross domestic product, constant prices (National currency) Gross domestic product, current prices (National currency).
    6GDP per capita, constant prices : GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population. See notes for: Gross domestic product, constant prices (National currency) Population (Persons).
    7GDP per capita, current prices : GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population. See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    8GDP per capita, current prices : GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population. See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    9Output gap in percent of potential GDP : See notes for: Gross domestic product, constant prices (National currency).
    10GDP based on PPP valuation of country GDP : See notes for: Gross domestic product, current prices (National currency).
    11GDP based on PPP per capita GDP : See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    12GDP based on PPP share of world total : These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23. See notes for: Gross domestic product, current prices (National currency).
    13Implied PPP conversion rate : Expressed in national currency per current international dollar. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23. See notes for: Gross domestic product, current prices (National currency).
    14Total investment : Source: National Statistical Office Latest actual data: 2010 Notes: The National Statistical Office revised the national accounts data significantly in October, 2007. Official data are only available from 2000. Staff has estimated data prior to 2000 using growth rates from the October 2007 release of WEO. Therefore, these estimates should be treated as very provisional. Data for 2009 are provisional. National accounts manual used: ESA 1995 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2000 Chain-weighted: Yes, from 2000 Primary domestic currency: Euros Data last updated: 03/2012
    15Gross national savings : Source: National Statistical Office Latest actual data: 2010 Notes: The National Statistical Office revised the national accounts data significantly in October, 2007. Official data are only available from 2000. Staff has estimated data prior to 2000 using growth rates from the October 2007 release of WEO. Therefore, these estimates should be treated as very provisional. Data for 2009 are provisional. National accounts manual used: ESA 1995 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2000 Chain-weighted: Yes, from 2000 Primary domestic currency: Euros Data last updated: 03/2012
    16Inflation, average consumer prices : Expressed in averages for the year, not end-of-period data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers? incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.] Source: Haver Analytics. EUR_HICP Database (Eurostat) Latest actual data: 2011 Harmonized prices: Yes Frequency of source data: Monthly Base year: 2005 Primary domestic currency: Euros Data last updated: 03/2012
    17Inflation, average consumer prices : See notes for: Inflation, average consumer prices (Index).
    18Inflation, end of period consumer prices : Expressed in end of the period, not annual average data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers? incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF. Source: Haver Analytics. EUR_HICP Database (Eurostat) Latest actual data: 2011 Harmonized prices: Yes Frequency of source data: Monthly Base year: 2005 Primary domestic currency: Euros Data last updated: 03/2012
    19Inflation, end of period consumer prices : See notes for: Inflation, end of period consumer prices (Index).
    21Volume of imports of goods and services : Source: Central Bank Latest actual data: 2011
    22Volume of Imports of goods : Source: Central Bank Latest actual data: 2011
    23Volume of exports of goods and services : Source: Central Bank Latest actual data: 2011
    24Volume of exports of goods : Source: Central Bank Latest actual data: 2011
    25Value of oil imports : Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units. Source: Central Bank Latest actual data: 2011
    26Value of oil exports : Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units. Source: Central Bank Latest actual data: 2011
    27Unemployment rate : Source: National Statistical Office. Labor Force Survey Latest actual data: 2010 Employment type: National definition Primary domestic currency: Euros Data last updated: 03/2012
    28Employment : Source: National Statistical Office. Labor Force Survey Latest actual data: 2010 Employment type: National definition Primary domestic currency: Euros Data last updated: 03/2012
    29Population : For census purposes, the total population of the country consists of all persons falling within the scope of the census. In the broadest sense, the total may comprise either all usual residents of the country or all persons present in the country at the time of the census. [Principles and Recommendations for Population and Housing Censuses, Revision 1, paragraph 2.42] Source: IFS - International Finance Statistics Latest actual data: 2010 Primary domestic currency: Euros Data last updated: 03/2012
    30Govt revenue : Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    31Govt revenue : Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. See notes for: General government revenue (National currency).
    32Govt total expenditure : Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    33Govt total expenditure : Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).
    34Govt net lending/borrowing : Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    35Govt net lending/borrowing : Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. See notes for: General government net lending/borrowing (National currency).
    36Govt structural balance : The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton ?Computing Cyclically Adjusted Balances and Automatic Stabilizers? IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    37Govt structural balance : See notes for: General government structural balance (National currency).
    38Govt primary net lending/borrowing : Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    39Govt primary net lending/borrowing : Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue). See notes for: General government primary net lending/borrowing (National currency).
    40Govt net debt : Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    41Govt net debt : Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable. See notes for: General government net debt (National currency).
    42Govt gross debt : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    43Govt gross debt : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). See notes for: General government gross debt (National currency).
    44GDP corresponding to fiscal year, current prices : Gross domestic product corresponding to fiscal year is the country?s GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country?s GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2012 and the medium term are consistent with the policies agreed to between the IMF staff and the authorities in the context of the Extended Fund Facility (EFF). The data include fiscal data revisions for 2006?09. These revisions rectify a number of shortfalls with earlier statistics. First, government-controlled enterprises whose sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data and that their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrected imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data. Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value. Net debt data, including historical data, are provisional. Primary domestic currency: Euros Data last updated: 03/2012
    45Current account balance : Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries. Source: Central Bank Latest actual data: 2011 Notes: Data for the period 1979 to 2004 are from IFS, while for the period 2005 to 2008 data come from the Central Bank. Please note that IFS does not provide data for 1998, instead, we use data from Eurostat. No data on BOP are available prior to 1976. Please note that there are inconsistencies between the BOP data and national accounts data that cannot be reconciled. BOP Manual used: BPM 5 Primary domestic currency: Euros Data last updated: 03/2012
    46Current account balance : See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).