Euro Area | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 1.09 1.09 1.05 1.15 1.2 1.1 [+]
Government Bond 10y 0.09 0.4 0.5 1.5 2.5 3 [+]
Stock Market 3650.70 3925 3897 4503 5557 6449 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 12749.93 12954 13028 14256 17257 23257 [+]
GDP Growth Rate 0.40 0.23 0.25 0.42 0.42 0.42 [+]
GDP Annual Growth Rate 1.00 0.98 0.93 0.96 0.98 0.98 [+]
GDP Constant Prices 2434.96 2422 2425 2935 4135 5735 [+]
GDP per capita 31806.76 31193 31172 33443 36436 39436 [+]
Gross Fixed Capital Formation 475.98 475 475 500 567 667 [+]
GDP per capita PPP 35830.41 35627 35305 37508 39507 45507 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 11.30 11.2 11.1 10 9.7 8.7 [+]
Employed Persons 148.63 149 150 157 163 172 [+]
Unemployed Persons 17966.00 17627 17436 15924 18923 19923 [+]
Long Term Unemployment Rate 6.10 5.9 5.8 5.1 4.43 4.43 [+]
Youth Unemployment Rate 22.70 22.6 22.4 21.13 19.44 19.44 [+]
Productivity 102.00 103 103 105 113 129 [+]
Wages 1681.00 1688 1690 1959 2199 2722 [+]
Labour Costs 105.39 106 106 110 116 133 [+]
Population 334.57 335 335 338 342 341 [+]
Employment Change 0.10 0.08 0.11 0.16 0.11 0.11 [+]
Retirement Age Men 64.63 64.63 64.63 66 68 71 [+]
Retirement Age Women 63.94 63.94 63.94 66 68 71 [+]
Wage Growth 1.00 1.6 1.6 1.46 2.57 2.57 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 0.00 -0.1 0.15 1.75 2.12 2.12 [+]
Inflation Rate Mom 0.20 -0.16 0.34 0.12 0.17 0.17 [+]
Consumer Price Index CPI 118.40 119 119 129 148 218 [+]
Core Inflation Rate 0.60 0.6 0.66 1.2 1.48 1.48 [+]
Core Consumer Prices 114.25 115 115 124 144 214 [+]
GDP Deflator 105.00 105 105 111 127 166 [+]
Producer Prices 104.82 104 102 111 132 172 [+]
Producer Prices Change -2.30 -2.51 -2.78 1.24 2.15 2.15 [+]
Import Prices 103.80 105 105 112 124 149 [+]
Food Inflation 0.60 0.23 0.25 1.29 1.89 1.89 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 0.05 0.05 0.05 1.5 2.5 3.25 [+]
Interbank Rate 0.00 0.01 0.02 1.6 2.6 3.4 [+]
Money Supply M1 6192401.00 6146519 6310401 8572176 13270148 19553274 [+]
Money Supply M2 9860745.00 9840725 10011826 12907900 17960965 26330440 [+]
Money Supply M3 10546572.00 10561701 10797244 14031521 19941518 29111638 [+]
Central Bank Balance Sheet 2377854.00 2452535 2505876 2940928 5151056 10151056 [+]
Foreign Exchange Reserves 330953.00 323687 319977 355237 395354 495352 [+]
Loans to Private Sector 10617079.00 10645508 10676878 11543012 13140250 17291159 [+]
Loan Growth 0.00 0.05 0.33 2.57 4.05 4.44 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade 23372.90 19551 22834 21504 32415 43566 [+]
Exports 182436.60 164717 171124 191608 221963 261964 [+]
Imports 159063.80 145165 148290 170104 189548 218399 [+]
Current Account 24.90 22.46 22.46 31.86 31.89 31.89 [+]
Current Account to GDP 2.40 1.91 1.73 3.18 3.18 3.18 [+]
External Debt 12093086.83 11952556 12063610 12598916 12603997 12604108 [+]
Capital Flows -3.30 -4.65 -3.09 -0.07 -0.07 -0.07 [+]
Gold Reserves 503.19 503 503 503 503 503 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -2.40 -2.27 -2.26 -3.12 -2.91 -2.91 [+]
Government Debt to GDP 91.90 92.17 92.16 89.76 82.92 74.92 [+]
Government Spending 514.16 515 515 539 557 599 [+]
Government Spending to GDP 49.40 49.4 49.4 48.28 48.53 48.53 [+]
Credit Rating 13.59 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 0.28 0.26 0.31 1.16 0.85 1.06 [+]
Manufacturing PMI 52.30 52.02 52.02 52.14 53.14 55.14 [+]
Services PMI 53.30 54.98 55.15 68.33 64.12 69.96 [+]
Industrial Production 1.80 0.14 0.3 0.59 0.86 0.86 [+]
Industrial Production Mom -0.30 0.07 0.14 0.2 0.33 0.33 [+]
Manufacturing Production 1.70 1.08 1.06 1.49 0.92 0.92 [+]
Capacity Utilization 81.20 80.84 80.92 79.98 81.01 81.99 [+]
Changes In Inventories -15.32 -15.39 -15.89 -12.61 -12.67 -12.68 [+]
Zew Economic Sentiment Index 61.20 65.77 69.74 43.76 45.27 55.27 [+]
Sentix Investors Sentiment 19.65 21.96 23.59 15.3 20.95 17.95 [+]
Car Registrations 797.00 795 803 820 887 887 [+]
Composite Pmi 53.40 54.4 54.6 50.22 50.21 50.21 [+]
Mining Production -4.50 -1.26 -1.4 -0.72 -1.26 -1.26 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -5.50 -5.11 -6.89 -8.79 -12.55 -12.55 [+]
Retail Sales MoM -0.80 0.62 0.74 0.08 0.07 0.07 [+]
Retail Sales YoY 1.60 2.1 1.17 1.57 0.87 0.87 [+]
Consumer Spending 1342.67 1343 1348 1397 1669 1929 [+]
Disposable Personal Income 1612128.00 1618404 1621123 1651701 1661690 2141185 [+]
Personal Savings 12.90 13.16 13.13 12.85 13.61 13.61 [+]
Bank Lending Rate 2.94 3 2.95 3.5 5.89 5.89 [+]
Consumer Credit 564960.60 567161 568565 572232 799050 1319037 [+]
Private Sector Credit 12678808.70 12662099 12689709 19000322 257091881 368624278 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 97.48 97.65 97.75 103 111 129 [+]
Construction Output -2.70 -2.19 -2.51 -0.96 -0.79 -0.79 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 25.90 25.9 25.9 25.9 25.9 25.9 [+]
Personal Income Tax Rate 44.50 44.5 44.5 44.5 44.5 44.5 [+]
Sales Tax Rate 20.67 21 21 21 21 21 [+]