Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.30 0.3 0.4 0.4 0.5 1 percent [+]
Unemployment Rate 10.40 10.1 9.8 9.7 9.6 8.5 percent [+]
Inflation Rate 0.40 0.2 0.3 0.4 0.5 2.1 percent [+]
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.5 percent [+]
Balance of Trade 23618.10 21662 21144 21577 19377 21515 EUR Million [+]
Government Debt to GDP 93.50 95 95 95 95 87.8 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 1.13 1.06 1.04 1.03 1.02 1.28 [+]
Stock Market 2725.00 2940 2850 2760 2700 3750 points [+]
Government Bond 10y -0.27 -0.14 -0.15 -0.15 -0.16 -0.21 percent [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.30 0.3 0.4 0.4 0.5 1 percent [+]
GDP Annual Growth Rate 1.60 1.3 1.5 1.7 1.8 2.5 percent [+]
GDP 13410.20 13461 13479 13486 13493 14343 USD Billion [+]
GDP Constant Prices 2460.42 2462 2465 2467 2471 2693 EUR Billion [+]
Gross Fixed Capital Formation 488.86 488 486 488 488 499 EUR Billion [+]
GDP per capita 32789.48 32913 33008 33034 33089 33593 USD [+]
GDP per capita PPP 36924.57 37211 37314 37454 37925 38803 USD [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 10.40 10.1 9.8 9.7 9.6 8.5 percent [+]
Employed Persons 151.50 152 153 153 153 160 Million [+]
Unemployed Persons 16625.00 17489 17420 16999 16599 14376 Thousand [+]
Long Term Unemployment Rate 5.30 5.7 5.7 5.6 5.6 5.1 percent [+]
Youth Unemployment Rate 22.00 22 21.8 21.6 21.4 19.7 percent [+]
Labour Costs 105.61 106 106 106 107 114 Index Points [+]
Productivity 102.30 103 104 104 104 115 Index Points [+]
Wages 1681.00 1704 1747 1753 1767 2033 EUR/Month [+]
Wage Growth 1.40 1.5 1.7 1.9 2.1 2.8 percent [+]
Population 338.34 337 338 339 339 346 Million [+]
Full Time Employment 111274.20 110590 111096 111630 111930 113086 Thousand [+]
Employment Change 0.30 0.3 0.3 0.4 0.4 0.8 percent [+]
Part Time Employment 30220.60 30570 30689 30851 30951 34209 Thousand [+]
Labor Force Participation Rate 56.80 56.63 56.69 56.7 56.78 56.63 percent [+]
Retirement Age Men 64.63 64.63 64.63 64.63 64.63 65 [+]
Retirement Age Women 63.94 63.94 63.94 63.94 63.94 65 [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 0.40 0.2 0.3 0.4 0.5 2.1 percent [+]
Inflation Rate Mom 0.00 0.1 0.2 0.2 0.3 0.8 percent [+]
Consumer Price Index CPI 118.14 119 120 120 121 132 Index Points [+]
Core Consumer Prices 114.90 116 117 118 118 131 Index Points [+]
Core Inflation Rate 1.00 0.8 0.9 1 1.1 1.7 percent [+]
GDP Deflator 106.00 106 106 107 107 111 Index Points [+]
Producer Prices 102.05 103 104 104 105 115 Index Points [+]
Producer Prices Change -3.00 -2.5 -2.1 -1.6 -0.9 2.6 percent [+]
Import Prices 102.40 106 100 99.4 98.8 108 Index Points [+]
Food Inflation 1.00 0.8 1.3 1.4 1.5 2.5 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.5 percent [+]
Interbank Rate -0.19 -0.1 -0.2 -0.3 -0.2 1 percent [+]
Money Supply M1 6597931.00 6716812 6848347 6974604 7123323 10878514 EUR Million [+]
Money Supply M2 10204874.00 10287778 10404221 10488193 10551127 11818902 EUR Million [+]
Money Supply M3 10838500.00 10933604 11236071 11436920 11125145 12215339 EUR Million [+]
Foreign Exchange Reserves 333872.00 334652 334423 334360 334350 334350 USD Million [+]
Central Bank Balance Sheet 2808331.00 2834283 2788665 2791674 2797665 3524658 EUR Million [+]
Loans to Private Sector 10588040.00 10778412 10809137 10893791 10903128 11589408 EUR Million [+]
Deposit Interest Rate -0.30 -0.3 -0.3 -0.3 -0.3 0.1 Percent [+]
Loan Growth 1.40 1.89 2.23 2.53 2.75 3.18 percent [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade 23618.10 21662 21144 21577 19377 21515 EUR Million [+]
Exports 173542.00 173222 172810 172654 172704 172703 EUR Million [+]
Imports 149924.00 154905 155076 153442 149681 149796 EUR Million [+]
Current Account 29.80 24.19 21.94 19.84 18.11 23.25 EUR Billion [+]
Current Account to GDP 3.70 2.4 2.5 2.6 2.8 2.1 percent [+]
External Debt 12668634.13 13093628 13194628 13303722 13368313 13781432 EUR Million [+]
Capital Flows 39.23 24.34 24.71 24.65 24.66 24.66 EUR Billion [+]
Gold Reserves 504.77 505 505 505 505 505 Tonnes [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 93.50 95 95 95 95 87.8 percent [+]
Government Budget -2.20 -2.1 -2.1 -2.1 -2.1 -0.8 percent of GDP [+]
Government Spending 522.33 522 524 530 532 558 EUR Billion [+]
Government Spending to GDP 49.00 49 49 49 49 45 percent [+]
Credit Rating 13.59 [+]
Government Debt 9308384.30 9692091 9775009 9857927 9917927 11053493 EUR Million [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 0.29 0.37 0.28 0.17 0.07 1.2 [+]
Manufacturing PMI 52.30 51.83 53.88 53.95 53.97 53.1 [+]
Services PMI 53.60 54.13 53.5 54.11 54.86 53.3 Index Points [+]
Composite Pmi 53.60 53.21 53.37 54.46 54.45 53.65 Index Points [+]
Industrial Production 1.10 1.1 1.2 1.3 1.2 0.8 percent [+]
Industrial Production Mom -0.70 0.7 -0.4 -0.3 0.5 0.1 percent [+]
Manufacturing Production 1.60 1 0.9 1 0.8 0.7 percent [+]
Capacity Utilization 81.90 81.56 80.92 81.81 81.59 80.53 percent [+]
Changes In Inventories -7.35 -1.64 -0.02 0.99 1.57 2.31 EUR Billion [+]
Zew Economic Sentiment Index 22.70 15.52 13.95 16.65 19.8 42.31 [+]
Car Registrations 891.00 851 844 843 843 1210 Thousand [+]
Mining Production -25.40 -22.15 -14.3 -11.1 -5.8 2.1 percent [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence -6.30 -5.25 -5.09 -5.03 -6.2 1.4 [+]
Retail Sales MoM 0.30 0.1 0.2 0.3 0.4 1 percent [+]
Retail Sales YoY 1.40 2.2 2.8 2.4 2.6 3 percent [+]
Consumer Spending 1353.05 1362 1366 1368 1370 1409 EUR Billion [+]
Disposable Personal Income 1637728.00 1653765 1666054 1672637 1682637 1779327 EUR Million [+]
Personal Savings 12.80 12.81 12.3 12.1 11.8 10.5 percent [+]
Private Sector Credit 12641353.80 12802512 12892512 12929844 12963232 14010744 EUR Million [+]
Bank Lending Rate 2.65 2.55 2.65 2.59 2.55 3.67 percent [+]
Consumer Credit 597125.10 584195 588833 602566 606253 665708 EUR Million [+]
Households Debt To Gdp 60.60 59.67 59.55 59.25 59.17 57.85 percent of GDP [+]
Households Debt To Income 95.66 95.08 95.07 95.06 95.05 93.14 percent [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Construction Output 2.10 0.81 0.04 0.14 0.75 2.3 percent [+]
Housing Index 99.65 100 101 102 102 110 Index Points [+]
Home Ownership Rate 66.70 66.7 66.7 66.7 66.7 66.7 percent [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 25.90 25.9 25.9 25.9 25.9 25.9 percent [+]
Personal Income Tax Rate 42.30 42.3 42.3 42.3 42.3 42.3 percent [+]
Sales Tax Rate 20.67 20.67 20.67 20.67 20.67 20.67 percent [+]





Economic Forecasts for Euro Area including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Euro Area economy. 2/10/2016