ocp192_en

European CommissionThe Second Economic Adjustment Programme for Greece. Fourth ReviewTable A3: COSTS AND PRICES% change in implicit price deflator 2012 2013 2014 2015 2016 2017 20181. Private consumption expenditure 0.9 -1.5 -0.8 0.3 1.1 1.3 1.52. Government consumption expenditure 0.2 -3.4 -1.3 0.6 0.6 1.0 1.33. Gross fixed capital formation -0.2 -0.5 -0.8 0.2 0.7 1.0 1.23a. - of which, construction -0.6 -1.1 -1.7 0.1 0.5 0.9 1.03b. - of which, equipment -0.1 0.2 0.0 0.2 0.8 1.1 1.44. Final domestic demand 0.7 -1.7 -0.9 0.3 1.0 1.2 1.45. Domestic demand 0.1 -2.1 -0.6 0.4 1.0 1.2 1.46. Exports of goods and services 2.7 -1.2 -0.6 0.1 0.4 0.7 1.06a. - of which, goods 3.9 -1.8 -0.5 0.1 0.3 0.7 1.06b. - of which, services 1.4 -0.5 -0.6 0.1 0.5 0.7 1.07. Final demand 0.6 -1.9 -0.6 0.3 0.8 1.1 1.38. Imports of goods and services 4.1 -1.6 -0.3 -0.1 -0.1 0.3 0.78a. - of which, goods 4.8 -1.8 -0.3 -0.1 -0.1 0.3 0.78b. - of which, services 1.5 -0.4 -0.1 0.0 0.0 0.5 0.79. Gross domestic product at market prices -0.3 -2.1 -0.7 0.4 1.1 1.3 1.510. Terms of trade of goods and services -1.4 0.3 -0.3 0.2 0.5 0.4 0.310a. - of which, terms of trade of goods -0.8 0.0 -0.2 0.2 0.4 0.4 0.310b. - of which, terms of trade of services -0.2 -0.1 -0.5 0.1 0.5 0.2 0.311. HICP 1.0 -0.9 -0.8 0.3 1.1 1.2 1.212. CPI 1.5 -0.9 -0.8 0.3 1.1 1.2 1.2Table A4: LABOUR MARKET AND LABOUR COSTAnnual % change 2012 2013 2014 2015 2016 2017 20181. Gross value added in volumes -7.0 -3.7 0.6 2.9 3.8 3.8 3.62. Employment ('000) -8.3 -3.7 0.6 2.6 4.0 2.9 1.53. GVA per occupied person 1.5 0.0 0.0 0.3 -0.2 0.9 2.14. Compensation of employees (per employee) -4.3 -7.8 -1.5 0.0 1.5 2.1 2.34a. - of which, private sector employee per head -5.6 -8.3 -2.2 0.1 2.5 3.7 3.74b. - of which, general government per head -1.8 -5.0 1.2 1.8 2.0 0.0 0.05. Unit labour costs (1995=100) -5.1 -7.8 -1.5 -0.3 1.6 1.2 0.36. Total population -0.3 0.0 0.0 0.0 0.0 0.0 0.07. Population of working age (15-64 years) -0.9 -0.3 -0.2 -0.1 -0.1 -0.1 0.08. Total labour force -0.8 0.2 -1.1 -0.1 0.1 0.0 0.09. Total employment -8.3 -3.7 0.6 2.6 4.0 2.9 1.59a(i). - of which, employees -8.9 -3.8 0.2 2.0 3.3 2.6 1.59a(ii). - of which, self-employed -7.3 -3.5 1.4 3.7 5.3 3.4 1.59b(i). - of which, private sector employees -10.3 -3.4 1.8 4.0 5.5 3.5 2.09b(ii). - of which, general government -5.1 -4.8 -3.7 -3.2 -3.0 0.0 0.010. Unemployment 37.3 13.4 -6.0 -8.4 -13.3 -12.0 -7.310a. Calculated unemployment rate (%) 22.8 25.8 24.5 22.5 19.5 17.1 15.9134