According to the results of the Labour Force Survey, the labour force in the 3^rd quarter of 2024 amounted to 516.127 persons or 65,7% of the population (males 71,0%, females 60,7%) in comparison to 511.596 persons (65,7%) in the corresponding quarter of 2023 (Table 1).

The number of employed persons was 493.054 and the employment rate 62,7% (males 68,0%, females 57,8%) in comparison to 483.317 persons (62,1%) in the corresponding quarter of 2023.

The number of unemployed persons amounted to 23.073 and the unemployment rate to 4,5% of the labour force (males 4,2%, females 4,8%) in comparison to 28.280 persons (5,5%) in the corresponding quarter of 2023.

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The GDP growth rate in real terms during the third quarter of 2024 is positive and it is estimated at 3,9% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,8%.

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HARMONIZED INDEX OF CONSUMER PRICES (HICP): OCTOBER 2024

Annual Rate of Change 1,6%

The HICP rose by 1,6% between October 2023 and October 2024, and decrease by 0,2% in the month between September 2024 and October 2024. For the period January – October 2024, the HICP rose by 2,2% compared to the corresponding period of the previous year.

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The GDP growth rate in real terms during the third quarter of 2024 is positive and it is estimated at 3,9% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,8%.

The positive GDP growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Information and Communication” and “Construction”.

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Based on provisional data, the average gross monthly earnings of employees during the second quarter of 2024, amounted to €2.398 compared to €2.262 during the second quarter of 2023, i.e. an increase of 6,0% is observed.

The average gross monthly earnings during the second quarter of 2024, seasonally adjusted, are estimated at €2.475 and compared to the first quarter of 2024 they are increased by 1,6%.

The average gross monthly earnings of male employees during the second quarter of 2024 are estimated at €2.606 and of female employees at €2.141. Compared to the second quarter of 2023, the average gross monthly earnings of male and female employees recorded an increase of 6,4% and 5,6% respectively.  

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