Euro Area | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 1.06 1.02 1.05 1.15 1.2 1.1 [+]
Government Bond 10y -0.09 0.4 0.5 1.5 2.5 3 [+]
Stock Market 3751.72 3925 3897 4503 5557 6449 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 12749.93 13154 13178 14256 17257 23257 [+]
GDP Growth Rate 0.30 0.23 0.25 0.4 0.35 0.35 [+]
GDP Annual Growth Rate 0.90 0.98 0.93 0.89 1.54 1.54 [+]
GDP Constant Prices 2416.93 2422 2425 2935 4135 5735 [+]
GDP per capita 31806.76 31193 31172 33443 36436 39436 [+]
Gross Fixed Capital Formation 474.37 471 471 537 567 667 [+]
GDP per capita PPP 35830.41 35127 35005 37508 39507 45507 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 11.30 11.1 11.1 10 9.7 8.7 [+]
Employed Persons 148.63 149 150 157 163 172 [+]
Unemployed Persons 18057.00 17627 17436 17924 17923 17923 [+]
Long Term Unemployment Rate 5.90 5.9 5.8 5.93 4.39 4.39 [+]
Youth Unemployment Rate 22.90 22.7 22.6 21.13 18.2 15.2 [+]
Productivity 102.00 102 102 101 104 104 [+]
Wages 1681.00 1688 1690 1759 1899 2000 [+]
Labour Costs 105.39 106 106 109 106 105 [+]
Population 334.57 335 336 341 346 348 [+]
Employment Change 0.10 0.08 0.11 0.16 0.17 0.17 [+]
Retirement Age Men 64.32 64 64 64 64 64 [+]
Retirement Age Women 63.59 64 64 63 63 63 [+]
Wage Growth 1.00 1.6 1.6 2.46 2.57 2.57 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate -0.10 -0.1 -0.15 1.75 2.14 2.14 [+]
Inflation Rate Mom 1.10 -0.16 -0.34 0.1 0.17 0.17 [+]
Consumer Price Index CPI 118.09 116 116 148 178 218 [+]
Core Inflation Rate 0.60 0.6 0.66 0.56 0.55 0.55 [+]
Core Consumer Prices 112.40 113 114 111 111 111 [+]
GDP Deflator 105.00 105 105 110 126 166 [+]
Producer Prices 104.59 104 102 111 132 172 [+]
Producer Prices Change -2.80 -2.51 -2.78 2.04 2.18 2.18 [+]
Import Prices 102.90 103 103 105 110 122 [+]
Food Inflation 0.10 -0.23 -0.25 1.29 1.07 1.08 [+]
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 0.02 0.03 0.02 1.6 2.6 3.4 [+]
Money Supply M1 6098020.00 6146519 6310401 8572176 12270148 18553274 [+]
Money Supply M2 9754416.00 9840725 10011826 12907900 15260965 16330440 [+]
Money Supply M3 10440193.00 10561701 10797244 14031521 15741518 16111638 [+]
Central Bank Balance Sheet 2348963.00 2424390 2472456 2540928 2951056 3951056 [+]
Foreign Exchange Reserves 333274.00 323687 319977 355237 395354 495352 [+]
Loans to Private Sector 10595801.00 10645508 10776878 12243012 12740250 12791159 [+]
Loan Growth -0.10 0.05 0.33 3.11 4.66 5.04 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade 20300.00 19467 15475 21504 32415 43566 [+]
Exports 160749.00 162052 162087 191608 221963 261964 [+]
Imports 140477.80 142585 146612 170104 189548 218399 [+]
Current Account 13.80 22.46 22.46 30.6 30.6 30.6 [+]
Current Account to GDP 2.40 1.91 1.73 3.18 3.18 3.18 [+]
External Debt 12093086.83 11952556 12063610 12605418 12610450 12610560 [+]
Capital Flows -19.92 24.9 18.63 20.28 20.28 20.28 [+]
Gold Reserves 503.19 503 503 503 503 503 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -2.90 -2.49 -2.52 -3.12 -2.94 -2.94 [+]
Government Debt to GDP 90.90 92.44 92.52 89.76 74.92 74.92 [+]
Government Spending 512.70 514 514 524 527 527 [+]
Government Spending to GDP 49.40 49.12 49.12 48.28 47.28 47.28 [+]
Credit Rating 13.59 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 0.23 0.12 0.09 1.16 0.85 1.06 [+]
Manufacturing PMI 52.20 52.02 52.02 52.14 53.14 55.14 [+]
Services PMI 54.20 54.98 55.15 52.51 53.08 53.18 [+]
Industrial Production 1.60 0.14 0.3 0.59 0.86 0.86 [+]
Industrial Production Mom 1.10 0.07 0.14 0.4 0.4 0.4 [+]
Manufacturing Production 1.00 1.08 1.06 1.49 0.92 0.92 [+]
Capacity Utilization 81.00 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 62.40 64.77 57.74 43.76 45.27 55.27 [+]
Sentix Investors Sentiment 19.96 10.96 12.59 15.3 20.95 17.95 [+]
Car Registrations 790.00 795 803 811 887 887 [+]
Composite Pmi 54.00 54.4 54.6 50.43 50.41 50.41 [+]
Mining Production -0.10 -2.26 -1.34 -1.28 -1.28 -1.28 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -3.70 -3.11 -6.89 -7.81 -12.54 -12.54 [+]
Retail Sales MoM -0.20 0.62 0.74 0.39 0.39 0.39 [+]
Retail Sales YoY 3.00 2.1 1.17 3.57 3.57 3.57 [+]
Consumer Spending 1337.19 1343 1348 1467 1669 1829 [+]
Disposable Personal Income 1616039.00 1648477 1657933 1779132 1833380 2141185 [+]
Personal Savings 13.00 12.16 12.13 12.9 13.89 13.89 [+]
Bank Lending Rate 3.04 3 2.95 3.5 5.89 5.89 [+]
Consumer Credit 560649.60 567161 568565 572232 579050 589037 [+]
Private Sector Credit 12638652.80 12662099 12689709 89000322 257091881 368624278 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 97.48 97.65 98.3 98.71 105 115 [+]
Construction Output 3.00 -2.19 -2.51 -0.71 -0.7 -0.7 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 25.90 25.91 25.91 25.33 25.25 25.25 [+]
Personal Income Tax Rate 44.50 44.54 44.54 51.35 54.09 55.02 [+]
Sales Tax Rate 20.67 21 21 21 21 21 [+]