Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.4 0.4 0.5 0.5 1 percent [+]
Unemployment Rate 10.20 10 9.8 9.6 9.4 8.2 percent [+]
Inflation Rate -0.20 0.1 0.2 0.3 0.5 2.1 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 19048.40 21144 21577 19377 19377 18510 EUR Million [+]
Government Debt to GDP 90.70 95 95 95 95 87.8 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 1.15 1.12 1.11 1.09 1.08 1.6 [+]
Stock Market 2974.20 3050 2960 2860 2800 3890 points [+]
Government Bond 10y -0.25 -0.29 -0.29 -0.31 -0.32 -0.42 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.4 0.4 0.5 0.5 1 percent [+]
GDP Annual Growth Rate 1.60 1.5 1.7 1.6 1.5 2.5 percent [+]
GDP 13410.20 13479 13486 13493 13493 14343 USD Billion [+]
GDP Constant Prices 2480.95 2469 2470 2472 2472 2633 EUR Billion [+]
Gross Fixed Capital Formation 497.56 486 488 488 488 499 EUR Billion [+]
GDP per capita 32789.48 33008 33034 33089 33089 33593 USD [+]
GDP per capita PPP 36924.57 37314 37454 37525 37525 38803 USD [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 10.20 10 9.8 9.6 9.4 8.2 percent [+]
Unemployed Persons 16311.00 16490 16479 16469 16599 14376 Thousand [+]
Employed Persons 151.86 153 153 153 154 161 Million [+]
Long Term Unemployment Rate 5.30 5.3 5.3 5.2 5.6 5.1 percent [+]
Youth Unemployment Rate 21.20 21.4 21.2 21 21.4 19.7 percent [+]
Productivity 102.50 104 104 104 104 115 Index Points [+]
Labour Costs 106.08 107 107 107 107 114 Index Points [+]
Wages 1681.00 1747 1753 1767 1767 2033 EUR/Month [+]
Wage Growth 1.50 1.6 1.7 1.8 2.1 2.8 percent [+]
Population 338.47 339 339 339 339 340 Million [+]
Full Time Employment 111274.20 111896 111930 112030 112030 113086 Thousand [+]
Employment Change 0.30 0.3 0.4 0.4 0.4 0.8 percent [+]
Part Time Employment 30220.60 30689 30889 30951 30951 34209 Thousand [+]
Labor Force Participation Rate 56.80 56.69 56.7 56.78 56.83 60 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 Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate -0.20 0.1 0.2 0.3 0.5 2.1 percent [+]
Inflation Rate Mom 1.20 0.2 0.2 0.3 0.3 0.8 percent [+]
Consumer Price Index CPI 100.10 100 101 101 121 116 Index Points [+]
Core Consumer Prices 101.01 102 102 103 102 116 Index Points [+]
Core Inflation Rate 0.70 0.9 1 1.1 1.1 1.7 percent [+]
GDP Deflator 106.40 107 107 108 108 112 Index Points [+]
Producer Prices 100.51 102 102 104 105 115 Index Points [+]
Producer Prices Change -4.20 -3.4 -2.2 -1.9 -0.9 2.6 percent [+]
Import Prices 101.48 100 99.4 98.8 98.8 108 Index Points [+]
Food Inflation 0.60 1.1 1.3 1.5 1.5 2.5 percent [+]
Cpi Transportation 97.12 97.3 97.7 98.6 97.66 97.66 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.27 -0.2 -0.3 -0.2 -0.2 1 percent [+]
Money Supply M1 6766613.00 6848347 6974604 7123323 7123323 10878514 EUR Million [+]
Money Supply M2 10356901.00 10481516 10603495 10702682 10795639 11818902 EUR Million [+]
Money Supply M3 10998364.00 11236071 11436920 11506651 11506651 12451730 EUR Million [+]
Foreign Exchange Reserves 338548.00 338877 338837 338829 338829 338829 USD Million [+]
Central Bank Balance Sheet 2983183.00 2898665 2911674 2927665 2927665 3524658 EUR Million [+]
Loans to Private Sector 10645058.00 10709137 10893791 10903128 10903128 11689408 EUR Million [+]
Deposit Interest Rate -0.40 -0.4 -0.4 -0.4 -0.4 0.1 percent [+]
Lending Rate 0.25 0.25 0.24 0.23 0.23 0.23 percent [+]
Loan Growth 1.60 1.7 1.9 2 2.75 2.64 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 19048.40 21144 21577 19377 19377 18510 EUR Million [+]
Exports 163479.00 162187 162884 163456 163200 163234 EUR Million [+]
Imports 144431.00 155076 145867 141927 145421 141772 EUR Million [+]
Current Account 11.05 24 19.05 19.14 19.57 23.25 EUR Billion [+]
Current Account to GDP 3.70 3.4 3.4 3.4 3 1.9 percent [+]
External Debt 12498814.86 13194628 13203722 13368313 13368313 13781432 EUR Million [+]
Capital Flows 50.55 32.13 30.26 42.35 30.25 30.26 EUR Billion [+]
Gold Reserves 504.77 505 505 505 505 505 Tonnes [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 90.70 95 95 95 95 87.8 percent [+]
Government Budget -2.10 -2 -2 -2 -1.6 -0.8 percent of GDP [+]
Government Spending 522.97 524 529 530 532 553 EUR Billion [+]
Government Spending to GDP 48.60 49 49 49 49 45 percent [+]
Government Debt 9308384.30 9493352 9551263 9787927 9917927 11053493 EUR Million [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 0.13 0.08 0.17 0.21 0.07 1.2 [+]
Manufacturing PMI 51.70 53.88 53.95 53.97 53.97 53.1 [+]
Services PMI 53.20 53.08 54.11 54.86 54.86 53.3 Index Points [+]
Composite Pmi 53.00 53.26 54.46 54.45 54.45 53.65 Index Points [+]
Industrial Production 0.80 1 1.3 1.1 1.2 0.8 percent [+]
Industrial Production Mom -0.80 0.3 -0.3 0.5 0.5 0.1 percent [+]
Manufacturing Production 1.80 1.4 1 0.8 0.8 0.7 percent [+]
Capacity Utilization 81.40 80.92 81.03 80.72 80.44 80.34 percent [+]
Changes In Inventories -2.11 3.71 5.99 5.83 5.37 3.05 EUR Billion [+]
Zew Economic Sentiment Index 21.50 13.95 16.65 19.8 19.8 42.31 [+]
Car Registrations 851.00 852 852 852 852 1210 Thousand [+]
Mining Production -12.30 -14.3 -11.1 -5.8 -5.8 2.1 percent [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence -9.30 -11.1 -7.65 -5.32 -5.32 1.4 [+]
Retail Sales MoM 0.20 0.2 0.3 0.4 0.4 1 percent [+]
Retail Sales YoY 2.40 2.8 2.4 2.6 2.6 3 percent [+]
Consumer Spending 1357.78 1366 1368 1370 1370 1404 EUR Billion [+]
Disposable Personal Income 1636180.00 1666054 1672637 1682637 1682637 1779327 EUR Million [+]
Personal Savings 12.70 12.3 12.1 11.8 11.8 10.5 percent [+]
Private Sector Credit 12709095.20 12892512 12929844 12963232 12963232 14010744 EUR Million [+]
Bank Lending Rate 2.68 2.65 2.59 2.55 2.55 3.67 percent [+]
Consumer Credit 600860.30 602833 605079 608253 608253 665708 EUR Million [+]
Households Debt To Gdp 60.90 61.27 61.37 61.46 61.53 52 percent of GDP [+]
Households Debt To Income 93.49 93.18 92.34 91.51 91.13 85.99 percent [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Construction Output 2.50 1.21 0.98 0.75 0.75 2.3 percent [+]
Housing Index 99.63 101 102 102 102 110 Index Points [+]
Home Ownership Rate 66.70 66.7 66.7 66.7 66.7 66.7 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Corporate Tax Rate 24.60 24.6 24.6 24.6 24.6 24.6 percent [+]
Personal Income Tax Rate 42.10 42.1 42.1 42.1 42.1 42.1 percent [+]
Sales Tax Rate 20.80 20.8 20.8 20.8 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. 5/3/2016