MacroForecasts

 202620272028
COMPONENTS OF NATIONAL INCOME (% change in volume)
Consumer spending 2.19 3.98 3.98
Government consumption 3.00 2.50 4.00
Dwellings 18.63 2.33 -4.55
Other building and construction 5.79 7.87 5.76
Other modified investment  11.00 3.00 9.00
Modified domestic demand  5.47 3.47 3.69
Modified current account and net transfers  5.76 16.48 10.25
National income (GNI*) 5.51 5.11 4.60
    Real wage income 2.67 3.28 3.70
    Profits (core) and other income 8.10 6.69 5.36
LABOUR MARKET (% change yoy)
Employment growth 2.03 2.42 2.84
Unemployment rate (% of labour force) 4.61 5.05 5.20
PUBLIC FINANCES
General Government Balance (% GNI*) 3.86 3.45 3.16
General Government Debt (% GNI*) 55.98 51.11 48.97
Last updated: July 8th 2026