Economic data 2022: Europe, Middle East and Southeast Asia
— Press release —
Despite the difficult economic situation caused by Corona and the war in Ukraine, Germany managed to finish 2022 with a GDP growth of 1.6%. Due to expansion of the oil sector, Saudi-Arabia has achieved the highest economic growth, ending 2022 with GDP growth of 8.9%, the country's strongest performance since 2011. Malaysia takes the second place with a growth of 7.5%, followed by India with 6.9%.
Almost all countries in the world had to struggle with rising prices in 2022. Eastern Europe was hit the hardest. The inflation rate rose by 15.7% in the Czech Republic, followed by Poland with 14.6%. In Germany the rate reached 8.4%. However, the lowest inflation rate was recorded in China, where consumer prices rose by only 2.0%.
Unemployment rates have also increased in some EU countries due to the economic situation. The biggest job shortages are in Spain (12.5%) and Greece (11.6%), whereas Thailand with 1.2% and Singapore with 2.0% have the lowest unemployment rates. (Source: The Economist)
| Country | GDP growth | Inflation rate | Unemployment rate |
| China | 3.1% | 2.0% | 5.7% |
| Britain | 4.4% | 8.0% | 3.7% |
| Austria | 4.8% | 8.8% | 4.6% |
| Belgium | 2.7% | 10.3% | 5.4% |
| France | 2.5% | 6.0% | 7,1% |
| Germany | 1.6% | 8.4% | 3,0% |
| Greece | 5.0% | 9.6% | 11.6% |
| Italy | 3.7% | 8.6% | 7.8% |
| Netherlands | 4.2% | 12.0% | 3,7% |
| Spain | 4.5% | 8.5% | 12.5% |
| Czech Republic | 2.0% | 15.7% | 2.3% |
| Denmark | 2.8% | 7.9% | 2.6% |
| Norway | 3.5% | 6.4% | 3.4% |
| Poland | 5.0% | 14.6% | 5.1% |
| Sweden | 3.0% | 7.9% | 7.1% |
| Switzerland | 2.0% | 3.1% | 2.0% |
| Turkey | 5.1% | 73.5% | 9.9% |
| India | 6.9% | 6.7% | 8.0% |
| Indonesia | 5.1% | 4.2% | 5.9% |
| Malaysia | 7.5% | 3.4% | 3.6% |
| Singapore | 3.5% | 6.1% | 2.0% |
| Thailand | 3.2% | 6.1% | 1.2% |
| Saudi Arabia | 8.9% | 2.5% | 5.8% |