Bulletin on private debt in the Greek economy
The bulletin, in collaboration with CEPAL, offers a quarterly, descriptive assessment of global and domestic economic environment with emphasis on real estate market and private debt dynamics. It includes analysis of key macroeconomic indicators, such as GDP and its components, inflation developments and labor market trends. It also reviews fiscal performance, developments in the financial sector, and trends across selected sectors of the economy. A particular focus is placed on the real estate market and its interaction with private debt, drawing on data and analytical insights provided by ReDataset. Each issue features a special thematic section examining specific aspects of the Greek economy. The first issue highlights the evolution of wages in the private sector in Greece during 2016-2025.
The first issue highlights that global economic activity remained resilient in 2025, although uncertainty has increased in early 2026 amid geopolitical tensions. Domestically, the Greek economy continued to outperform the Euro Area, supported by investment and export activity. Significant challenges persist, including inflationary pressures, external imbalances, housing affordability constraints and the high stock of private and public debt. In the real estate market, prices have risen markedly in recent years, further exacerbating affordability constraints. At the same time, total private debt continued to rise, driven by credit expansion and the accumulation of obligations to the public sector, with non-performing exposures in total economy remaining elevated.

