IPOL

DIRECTORATE-GENERAL FOR INTERNAL POLICIES

EGOV

ECONOMIC GOVERNANCE SUPPORT UNIT

AT A GLANCE

Key macroeconomic indicators for Cyprus, Greece, Portugal and

Ireland (May 2016)
The table below gives an overview of the progress made in Member States that are or have been subject to a
Macroeconomic Adjustment Programme. Greece is still under a programme, while Ireland, Portugal and
Cyprus have exited their programme and are now under so-called post-programme surveillance. For more
detailed information please see separate table on Financial Assistance to EU Member States.

GDP
Cyprus
Greece
Ireland
Portugal
Euro Area
Government budget balance
Cyprus
Greece
Ireland
Portugal
Euro Area
Structural budget balance
Cyprus
Greece
Ireland
Portugal
Euro rea
Government debt
Cyprus
Greece
Ireland
Portugal
Euro Area
Inflation
Cyprus
Greece
Ireland
Portugal
Euro Area
Unemployment
Cyprus
Greece
Ireland
Portugal
Euro Area
Long term unemployment*
Cyprus
Greece
Ireland
Portugal
Euro Area

13 May 2016

2011

2012

0.4
-9.1
2.6
-1.8
1.6

-2.4
-7.3
0.2
-4.0
-0.9

-5.7
-10.2
-12.6
-7.4
-4.2

-5.8
-8.8
-8.0
-5.7
-3.7

-5.5
-6.4
-7.5
-6.2
-3.6

-4.7
-0.3
-6.2
-3.1
-2.1

65.8
172.1
109.1
111.4
86.0

79.3
159.6
120.1
126.2
89.3

3.5
3.1
1.2
3.6
2.7

3.1
1.0
1.9
2.8
2.5

7.9
17.9
14.7
12.9
10.1

11.9
24.5
14.7
15.8
11.3

1.6
8.8
8.6
6.2
4.6

3.6
14.5
9.0
7.7
5.2

2013

2014
% change
-5.9
-2.5
-3.2
0.7
1.4
5.2
-1.1
0.9
-0.3
0.9
% of GDP
-4.9
-8.9
-13.0
-3.6
-5.7
-3.8
-4.8
-7.2
-3.0
-2.6
% of GDP
-1.3
3.0
1.6
1.0
-4.0
-2.7
-2.5
-1.4
-1.4
-1.0
% of GDP
102.5
108.2
177.7
180.1
120.0
107.5
129.0
130.2
91.1
92.0
% change
0.4
-0.3
-0.9
-1.4
0.5
0.3
0.4
-0.2
1.3
0.4
% of labour force
15.9
16.1
27.5
26.5
13.1
11.3
16.4
14.1
12.0
11.6
% of labour force
6.1
7.7
18.5
19.5
7.8
6.6
9.3
8.4
5.9
6.0

Author: J. M. Vega Bordell, contact: egov@ep.europa.eu

2015

2016(f)

2017(f)

1.6
-0.2
7.8
1.5
1.6

1.7
-0.3
4.9
1.5
1.6

2.0
2.7
3.7
1.7
1.8

-1.0
-7.2
-2.3
-4.4
-2.1

-0.4
-3.1
-1.1
-2.7
-1.9

0.0
-1.8
-0.6
-2.3
-1.6

1.7
0.5
-2.2
-2.0
-1.0

0.4
0.0
-2.0
-2.2
-1.3

-0.5
-0.6
-1.0
-2.5
-1.4

108.9
176.9
93.8
129.0
90.7

108.9
182.8
89.1
126.0
92.2

105.4
178.8
86.6
124.5
91.1

-1.5
-1.1
0.0
0.5
0.0

-0.7
-0.3
0.3
0.7
0.2

1.0
0.6
1.3
1.2
1.4

15.1
24.9
9.4
12.6
10.9

13.4
24.7
8.2
11.6
10.3

12.4
23.6
7.5
10.7
9.9

6.8
18.2
5.3
7.2
5.5

N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A

PE 528.757

2011

Youth unemployment**
Cyprus
Greece
Ireland
Portugal
Euro Area
Income inequality (Gini Coef)
Cyprus
Greece
Ireland
Portugal
Euro Area
Current account balance
Cyprus
Greece
Ireland
Portugal
Euro Area (adjusted)
Exports
Cyprus
Greece
Ireland
Portugal
Euro Area
Imports
Cyprus
Greece
Ireland
Portugal
Euro Area
Domestic demand
Cyprus
Greece
Ireland
Portugal
Euro Area
Total investments
Cyprus
Greece
Ireland
Portugal
Euro Area
Unit labour cost
Cyprus
Greece
Ireland
Portugal
Euro Area
Labour productivity
Cyprus
Greece
Ireland
Portugal
Euro Area

2012

2013
2014
2015
2016(f)
2017(f)
% of youth labour force
22.4
27.7
38.9
36.0
32.8
N/A
N/A
44.7
55.3
58.3
52.4
49.8
N/A
N/A
29.1
30.4
26.8
23.9
20.9
N/A
N/A
30.2
38.0
38.1
34.7
32.0
N/A
N/A
21.2
23.5
24.4
23.8
22.4
N/A
N/A
Scale 0-100: 0 = total income equality; 100 = total income inequality
29.2
31.0
32.4
34.8
N/A
N/A
N/A
33.5
34.3
34.4
34.5
N/A
N/A
N/A
29.8
29.9
30.0
30.8
N/A
N/A
N/A
34.2
34.5
34.2
34.5
N/A
N/A
N/A
30.6
30.4
30.7
31.0
N/A
N/A
N/A
% of GDP
-4.0
-5.6
-4.5
-4.6
-3.5
-4.2
-4.6
-10.0
-4.2
-2.2
-3.0
-0.2
0.6
1.3
-1.2
-1.5
3.1
3.6
3.6
4.6
4.6
-6.0
-2.0
0.7
0.0
-0.1
3.1
3.3
0.2
1.3
2.2
2.5
3.2
0.3
0.5
% change
4.1
-1.1
1.8
-0.5
1.9
2.4
2.6
0.0
1.2
2.2
7.5
-3.8
0.5
4.2
2.1
2.1
2.5
12.1
13.8
6.9
6.6
7.0
3.4
7.0
3.9
5.2
4.1
5.1
6.5
2.5
2.0
4.1
5.0
3.5
4.7
% change
-3.1
-4.4
-3.0
2.0
4.0
2.9
2.0
-9.4
-9.1
-1.9
7.7
-6.9
-0.1
3.8
-1.5
2.9
0.0
14.7
16.4
7.7
7.4
-5.8
-6.3
4.7
7.2
7.4
4.3
5.6
4.2
-1.0
1.2
4.5
6.0
4.6
5.3
% change
-3.3
-4.1
-8.4
-1.0
2.8
2.0
1.6
-11.1
-9.9
-4.2
0.9
-1.4
-0.5
2.5
0.9
0.6
-1.1
5.7
9.3
5.4
3.9
-5.7
-7.3
-2.0
2.2
2.4
1.5
1.9
0.7
-2.4
-0.7
0.9
1.8
2.0
1.9
% change
-9.3
-20.5
-15.2
-18.0
14.0
9.1
5.1
-20.5
-23.5
-9.4
-2.8
0.7
-0.9
11.6
3.2
8.6
-6.6
14.3
28.2
13.4
8.3
-12.5
-16.6
-5.1
2.8
3.9
1.6
4.9
1.5
-3.4
-2.6
1.3
2.7
2.9
3.8
% change
1.7
0.0
-3.3
-3.3
-1.7
0.4
0.7
-1.4
-2.0
-7.4
-2.6
0.4
0.0
0.8
-3.1
-0.8
0.2
-1.6
-4.2
-0.8
-0.1
-2.0
-3.2
1.8
-0.9
-0.6
1.0
0.3
0.6
1.9
1.1
1.0
0.6
0.9
1.1
% change
-0.1
0.8
0.0
-0.2
0.7
0.8
0.7
-2.4
-1.1
0.4
0.5
-2.1
-0.8
0.7
4.4
0.7
-0.9
3.4
5.0
3.1
2.2
0.1
0.1
1.8
-0.5
0.1
0.6
1.1
1.5
-0.4
0.4
0.3
0.6
0.5
0.8

Sources: Eurostat for 2011-2015 data of all indicators (the source is available by clicking on the name of the indicator; data extraction in May 2016)
except for structural balance, domestic demand and euro area data on current account; European Commission 2016 Spring forecast (see tables 1, 9,
17, 24, 27, 28, 36, 42, 47, 48, 50) for all forecast data as well as for all data on structural balance (table 41 of 2016 Spring forecast), domestic demand
(table 5 of 2016 Spring forecast) and euro area current account (table 50 of 2016 Spring forecast); 2011 data on structural balance, domestic demand
and euro area current account are taken from the COM 2015 Autumn Forecast.
Notes: * The indicator covers persons unemployed for 12 months and more; ** The indicator covers persons under the age of 25.

DISCLAIMER: This document is drafted by the Economic Governance Support Unit (EGOV) of the European Parliament based on publicly available
information and is provided for information purposes only. The opinions expressed in this document are the sole responsibility of the authors and do
not necessarily represent the official position of the European Parliament. Reproduction and translation for non-commercial purposes are
authorised, provided the source is acknowledged and the publisher is given prior notice and sent a copy. European Union, 2016

PE 528.757