Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.3 0.4 0.4 0.5 0.6 percent [+]
Unemployment Rate 9.60 9.5 9.4 9.3 9.1 7.7 percent [+]
Inflation Rate 2.00 2.2 1.8 1.7 1.6 2.1 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -593.40 27700 23100 22000 26400 19700 EUR Million [+]
Government Debt to GDP 90.70 90.9 90.4 90 89.4 87.8 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.09 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 3437.14 3360 3320 3290 3220 2710 points [+]
Government Bond 10y -0.40 -0.46 -0.47 -0.47 -0.48 -0.55 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.3 0.4 0.4 0.5 0.6 percent [+]
GDP Annual Growth Rate 1.70 1.5 1.5 1.4 1.6 1.9 percent [+]
GDP 11602.40 12200 12400 12600 12800 14800 USD Billion [+]
GDP Constant Prices 2528.84 2560 2580 2590 2600 2730 EUR Billion [+]
Gross Fixed Capital Formation 508.06 506 507 510 512 519 EUR Billion [+]
GDP per capita 38594.34 38700 38900 39000 39100 41300 USD [+]
GDP per capita PPP 37736.90 37700 37800 37900 38000 38800 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 9.60 9.5 9.4 9.3 9.1 7.7 percent [+]
Unemployed Persons 15500.00 15300 15100 14900 14700 14200 Thousand [+]
Employed Persons 153.88 154 154 154 154 161 Million [+]
Long Term Unemployment Rate 4.80 5.2 5.2 5.3 5.4 5.1 percent [+]
Youth Unemployment Rate 20.00 20.4 20.2 20 19.8 18.8 percent [+]
Productivity 103.60 104 105 106 107 115 Index Points [+]
Labour Costs 112.20 108 108 103 110 116 Index Points [+]
Wages 1681.00 1790 1820 1840 1860 2030 EUR/Month [+]
Wage Growth 1.60 1.7 1.8 2 2.3 2.8 percent [+]
Population 339.89 339 339 339 340 344 Million [+]
Employment Change 0.30 0.3 0.4 0.5 0.6 0.8 percent [+]
Full Time Employment 113544.60 112000 112000 112000 112000 113000 Thousand [+]
Labor Force Participation Rate 57.20 56.6 56.8 57 57.2 60 percent [+]
Part Time Employment 30655.90 31200 31300 31300 31400 34200 Thousand [+]
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 Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.00 2.2 1.8 1.7 1.6 2.1 percent [+]
Inflation Rate Mom 0.40 0.3 0.2 0.3 0.5 0.8 percent [+]
Consumer Price Index CPI 100.84 102 103 104 105 119 Index Points [+]
Core Consumer Prices 100.33 103 104 105 107 120 Index Points [+]
Core Inflation Rate 0.90 1 1.1 1.2 1.3 1.9 percent [+]
GDP Deflator 107.08 108 109 110 111 117 Index Points [+]
Producer Prices 104.40 104 105 106 107 115 Index Points [+]
Producer Prices Change 3.50 1.8 2 1.8 1.7 2.2 percent [+]
Import Prices 103.40 103 102 102 102 108 Index Points [+]
Food Inflation 2.70 1.4 1.6 1.8 1.9 2.5 percent [+]
Cpi Transportation 101.59 102 103 104 106 119 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.36 -0.2 -0.1 -0.05 0.1 0.8 percent [+]
Money Supply M1 7294801.00 7440000 7620000 7750000 7850000 10900000 EUR Million [+]
Money Supply M2 10798940.00 10710000 10760000 10840000 10900000 11800000 EUR Million [+]
Money Supply M3 11471510.00 11740000 11900000 12000000 12100000 15900000 EUR Million [+]
Foreign Exchange Reserves 342359.00 352000 356000 360000 367000 389000 USD Million [+]
Central Bank Balance Sheet 3820341.00 3850000 3940000 4050000 4160000 5820000 EUR Million [+]
Loans to Private Sector 10692522.00 10870000 10940000 10980000 11000000 11700000 EUR Million [+]
Deposit Interest Rate -0.40 -0.4 -0.4 -0.4 -0.25 0.1 percent [+]
Lending Rate 0.25 0.25 0.25 0.24 0.5 1 percent [+]
Loan Growth 2.30 2.2 2.1 2.93 2.4 1.9 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -593.40 27700 23100 22000 26400 19700 EUR Million [+]
Exports 163874.20 178000 181000 175000 169000 165000 EUR Million [+]
Imports 164467.50 150000 158000 153000 142000 145000 EUR Million [+]
Current Account 2.50 30.4 34.5 34.8 38.4 27.6 EUR Billion [+]
Current Account to GDP 3.70 2.3 2.3 2.3 2.3 1.9 percent [+]
External Debt 13362619.36 13300000 13400000 13500000 13700000 14000000 EUR Million [+]
Capital Flows 20.93 69.5 60.2 15.2 54.5 41.2 EUR Billion [+]
Gold Reserves 504.77 505 505 505 505 505 Tonnes [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 90.70 90.9 90.4 90 89.4 87.8 percent [+]
Government Budget -2.10 -1.7 -1.7 -1.7 -1.7 -0.8 percent of GDP [+]
Government Spending 531.23 535 537 540 542 566 EUR Billion [+]
Government Spending to GDP 48.60 49.5 49.1 48.8 48.6 46.8 percent [+]
Government Debt 9440246.00 9630000 9720000 9770000 9830000 11200000 EUR Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 0.82 0.67 0.56 0.47 0.6 1.2 [+]
Manufacturing PMI 56.20 56.2 53.8 54.1 54.7 53.1 [+]
Services PMI 56.50 56.5 52.9 52.4 52.7 53.3 Index Points [+]
Composite Pmi 56.70 56.7 53.4 53.6 53.9 51.9 Index Points [+]
Industrial Production 0.60 2.8 2.5 2.2 2.1 1.5 percent [+]
Industrial Production Mom 0.90 0.2 0.4 0.3 0.4 0.1 percent [+]
Manufacturing Production 1.30 2.4 2.2 2 1.7 1.5 percent [+]
Capacity Utilization 82.50 82.4 82.6 82.8 82.9 84.8 percent [+]
Changes In Inventories 4.26 6.04 7.79 8.28 8.04 6.03 EUR Billion [+]
Zew Economic Sentiment Index 25.60 17.8 18 16 12 36 [+]
Car Registrations 908.00 852 798 897 904 948 Thousand [+]
Mining Production 9.90 -0.8 -0.2 0.2 0.4 2.1 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -5.00 -5 -5.8 -7.2 -9.2 -2.4 [+]
Retail Sales MoM -0.10 -0.5 0.1 0.2 0.6 1 percent [+]
Retail Sales YoY 1.20 2.2 2 2.2 2.5 2.7 percent [+]
Consumer Spending 1388.08 1380 1380 1390 1390 1400 EUR Billion [+]
Disposable Personal Income 1666307.00 1680000 1690000 1700000 1710000 1780000 EUR Million [+]
Personal Savings 12.62 11.7 11.6 11.4 11.1 10.5 percent [+]
Private Sector Credit 12856811.30 12920000 12960000 13040000 13100000 14000000 EUR Million [+]
Bank Lending Rate 2.33 2.22 2.38 2.45 2.68 3.67 percent [+]
Consumer Credit 616736.85 622000 628000 636000 647000 701000 EUR Million [+]
Economic Optimism Index 108.00 108 108 107 107 107 [+]
Households Debt To Gdp 58.70 56.4 55.8 58.4 54.8 53.7 percent of GDP [+]
Households Debt To Income 94.14 92.49 92.31 92.14 91.96 83.74 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output -6.20 0.2 0.3 0.5 0.7 2.3 percent [+]
Housing Index 102.94 104 105 106 107 112 Index Points [+]
Construction Pmi 52.20 52.2 51.8 51.2 51 52 [+]
Home Ownership Rate 66.40 66.4 66.4 66.4 66.4 66.4 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 24.30 24.3 24.3 24.3 24.3 24.3 percent [+]
Personal Income Tax Rate 42.00 42 42 42 42 42 percent [+]
Sales Tax Rate 20.80 20.8 20.8 20.8 20.8 20.8 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. 3/28/2017