Euro Area | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 1.12 1.12 1.08 1.09 1.16 1.32 [+]
Government Bond 10y -0.04 0.1 0.4 1.5 2.5 3 [+]
Stock Market 3574.94 3417 3425 4503 5557 6449 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 12749.93 13081 13123 14256 17257 23257 [+]
GDP Growth Rate 0.30 0.17 0.3 0.4 0.3 0.2 [+]
GDP Annual Growth Rate 0.90 1 0.96 0.9 0.88 0.88 [+]
GDP Constant Prices 2417.95 2423 2427 2935 3435 3735 [+]
GDP per capita 31806.76 31617 31593 33443 36436 39436 [+]
Gross Fixed Capital Formation 471.95 469 469 537 567 667 [+]
GDP per capita PPP 35830.41 35653 35627 37508 39507 45507 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 11.40 11.33 11.26 10 9 8 [+]
Employed Persons 148.18 150 150 157 160 162 [+]
Unemployed Persons 18129.00 17789 17551 16577 16570 16570 [+]
Long Term Unemployment Rate 5.90 6.13 6.11 5.93 5.91 5.91 [+]
Youth Unemployment Rate 23.00 23.09 23.02 21.13 18.2 15.2 [+]
Productivity 102.00 102 102 101 104 104 [+]
Wages 1681.00 1687 1688 1759 1899 2000 [+]
Labour Costs 105.23 106 106 109 106 105 [+]
Population 334.57 335 335 341 346 348 [+]
Retirement Age Men 64.32 64 64 64 64 64 [+]
Retirement Age Women 63.59 64 64 63 63 63 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate -0.60 -0.27 -0.4 2.23 2.48 1.73 [+]
Inflation Rate Mom -1.60 -0.06 -0.61 0.2 0.45 0.7 [+]
Consumer Price Index CPI 116.03 117 117 148 178 218 [+]
Core Inflation Rate 0.60 0.67 0.63 0.69 0.68 0.68 [+]
Core Consumer Prices 111.78 113 113 112 111 111 [+]
GDP Deflator 104.70 105 105 110 126 166 [+]
Producer Prices 105.23 104 103 111 132 172 [+]
Producer Prices Change -2.70 -1.94 -2.05 2.04 2.33 2.56 [+]
Import Prices 102.30 102 102 102 102 102 [+]
Food Inflation -0.50 -0.82 -0.23 1.29 1.07 1.08 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 0.05 0.05 0.05 1.5 2.5 3.25 [+]
Interbank Rate 0.06 0.05 0.04 1.6 2.6 3.4 [+]
Money Supply M1 6042347.00 6146519 6310401 8572176 12270148 18553274 [+]
Money Supply M2 9743251.00 9840725 10011826 12907900 15260965 16330440 [+]
Money Supply M3 10438388.00 10561701 10797244 14031521 15741518 16111638 [+]
Central Bank Balance Sheet 2167794.00 2172372 2196549 2248947 2248947 2248947 [+]
Foreign Exchange Reserves 328993.00 323687 319977 325237 325354 325352 [+]
Loans to Private Sector 10584745.00 10645508 10776878 12243012 12740250 12791159 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade 24300.00 24972 27278 21504 32415 43566 [+]
Exports 161500.00 173440 171244 191608 221963 261964 [+]
Imports 137206.90 148468 143966 170104 189548 218399 [+]
Current Account 29.20 29.71 33.42 35.89 35.9 35.9 [+]
Current Account to GDP 2.40 2.94 3 3.18 3.18 3.18 [+]
External Debt 11959040.00 11645066 11752550 12811029 12167727 12194844 [+]
Capital Flows 25.86 62.32 58.51 52.31 52.31 52.31 [+]
Gold Reserves 503.19 503 503 503 503 503 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -2.90 -2.45 -2.38 -3.12 -1.52 -1.52 [+]
Government Debt to GDP 90.90 95.4 92.67 94.76 94.92 94.92 [+]
Government Spending 512.90 515 516 543 591 681 [+]
Government Spending to GDP 49.40 49.33 49.32 49.28 49.28 49.28 [+]
Credit Rating 13.59 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 0.07 0.11 0.09 1.16 0.85 1.06 [+]
Manufacturing PMI 51.10 51.1 51.24 52.14 53.14 55.14 [+]
Services PMI 53.90 52.65 53.06 52.44 52.73 52.38 [+]
Industrial Production -0.20 -0.81 -1.09 0.18 0.46 0.71 [+]
Industrial Production Mom 0.00 -0.04 0.04 0.25 0.5 0.75 [+]
Manufacturing Production 0.20 -0.42 -0.91 0.23 0.1 0.07 [+]
Capacity Utilization 80.70 80.41 80.64 79.98 80.01 79.99 [+]
Changes In Inventories -10.73 -11.19 -9.29 -7.86 -8.15 -8.16 [+]
Zew Economic Sentiment Index 52.70 41.6 44.77 43.76 45.06 55.16 [+]
Sentix Investors Sentiment 12.37 4.76 8.96 15.3 20.95 17.95 [+]
Car Registrations 797.00 779 783 790 790 790 [+]
Composite Pmi 53.50 53.69 53.35 50.26 50.24 50.24 [+]
Mining Production -0.10 -0.83 -1.26 -1.28 -1.28 -1.28 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence -6.70 -8.94 -7.11 -10.01 -8.85 -10.66 [+]
Retail Sales MoM 0.30 0.32 0.37 0.34 0.34 0.34 [+]
Retail Sales YoY 2.80 1.92 2.25 1.94 1.94 1.94 [+]
Consumer Spending 1330.16 1339 1342 1467 1669 1829 [+]
Disposable Personal Income 1616039.00 1638042 1648477 1779132 2141185 2141185 [+]
Personal Savings 13.09 13.14 13.16 13.07 13.07 13.07 [+]
Bank Lending Rate 3.13 3 3 3.5 5.89 5.89 [+]
Consumer Credit 565032.00 562894 561561 548232 547050 547037 [+]
Private Sector Credit 12638987.00 12524293 12382099 89000322 257091881 368624278 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 97.66 97.25 97.31 97.71 97.81 97.81 [+]
Construction Output -3.50 -2.7 -4.01 -2.17 -2.16 -2.16 [+]
Taxes Actual Q1/15 Q2/15 2020 2030 2050
Corporate Tax Rate 25.90 25.75 25.71 25.33 25.25 25.25 [+]
Personal Income Tax Rate 44.50 47 47.12 51.35 54.09 55.02 [+]
Sales Tax Rate 20.67 21 21 21 21 21 [+]