Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.30 0.3 0.4 0.4 0.5 0.6 percent [+]
Unemployment Rate 9.80 9.5 9.4 9.3 9.1 7.7 percent [+]
Inflation Rate 1.10 0.9 1 1.1 1 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 25941.20 27700 23100 22000 26400 19700 EUR Million [+]
Government Debt to GDP 90.70 90.9 90.4 89.86 89.4 87.8 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.07 1.02 1.01 1 1.04 0.83 [+]
Stock Market 3299.44 3210 3170 3140 3110 2620 points [+]
Government Bond 10y -0.46 -0.48 -0.48 -0.49 -0.05 -0.56 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.30 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 11620 12800 14800 USD Billion [+]
GDP Constant Prices 2515.86 2560 2580 2566 2600 2730 EUR Billion [+]
Gross Fixed Capital Formation 508.16 506 507 514 512 519 EUR Billion [+]
GDP per capita 38594.34 38700 38900 38546 40100 41300 USD [+]
GDP per capita PPP 37736.90 37700 37800 37606 38000 38800 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 9.80 9.5 9.4 9.3 9.1 7.7 percent [+]
Unemployed Persons 15781.00 16099 16096 14868 14728 14400 Thousand [+]
Employed Persons 153.45 153 153 154 154 161 Million [+]
Long Term Unemployment Rate 5.00 5.2 5.2 4.41 5.4 5.1 percent [+]
Youth Unemployment Rate 21.20 19.8 20 20.18 20.8 19.7 percent [+]
Productivity 103.40 104 104 104 107 115 Index Points [+]
Labour Costs 102.60 108 108 103 110 116 Index Points [+]
Wages 1681.00 1790 1820 1729 1860 2030 EUR/Month [+]
Wage Growth 1.60 1.7 1.8 2 2.3 2.8 percent [+]
Population 338.47 339 339 339 340 344 Million [+]
Full Time Employment 112073.10 112000 112000 114756 112000 113000 Thousand [+]
Employment Change 0.20 0.3 1.5 1.6 0.5 0.8 percent [+]
Part Time Employment 30948.50 31200 31300 30894 31400 34200 Thousand [+]
Labor Force Participation Rate 57.00 56.6 56.9 57.06 57 60 percent [+]
Retirement Age Men 64.63 64.63 64.63 64.63 64.63 65 [+]
Retirement Age Women 63.94 64.1 64.1 63.94 64.1 65 [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.10 0.9 1 1.1 1 2 percent [+]
Inflation Rate Mom 0.50 0.1 0.2 0.05 0.5 0.8 percent [+]
Consumer Price Index CPI 101.31 102 103 101 105 119 Index Points [+]
Core Consumer Prices 101.72 104 105 101 107 120 Index Points [+]
Core Inflation Rate 0.90 1 1.1 1.2 1.1 1.7 percent [+]
GDP Deflator 106.64 108 109 107 110 116 Index Points [+]
Producer Prices 103.00 104 105 104 107 115 Index Points [+]
Producer Prices Change 0.10 -0.2 0.4 0.8 1 2.2 percent [+]
Import Prices 102.60 103 102 103 102 108 Index Points [+]
Food Inflation 1.10 1.4 1.6 0.65 1.9 2.5 percent [+]
Cpi Transportation 100.49 103 104 98.84 106 119 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 -0.34 -0.2 -0.1 -0.34 0.5 1 percent [+]
Money Supply M1 7156510.00 7440000 7620000 7651603 7850000 10900000 EUR Million [+]
Money Supply M2 10676382.00 10660000 10710000 10840000 10900000 11800000 EUR Million [+]
Money Supply M3 11349373.00 11740000 11900000 11756307 12100000 12955140 EUR Million [+]
Foreign Exchange Reserves 340426.00 352000 356000 360000 367000 389000 USD Million [+]
Central Bank Balance Sheet 3697302.00 3700000 3790000 3629352 4110000 5820000 EUR Million [+]
Loans to Private Sector 10698934.00 10870000 10950000 10934004 11000000 11700000 EUR Million [+]
Deposit Interest Rate -0.40 -0.4 -0.4 -0.39 -0.25 0.1 percent [+]
Lending Rate 0.25 0.25 0.25 0.24 0.5 1 percent [+]
Loan Growth 1.90 2.2 2.1 2.11 2.4 1.9 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 25941.20 27700 23100 22000 26400 19700 EUR Million [+]
Exports 184232.70 178000 181000 175000 169000 165000 EUR Million [+]
Imports 158291.50 150000 158000 153000 142000 145000 EUR Million [+]
Current Account 40.52 43.2 30.4 34.5 34.8 27.6 EUR Billion [+]
Current Account to GDP 3.70 2.3 2.3 3.18 2.3 1.9 percent [+]
External Debt 13362619.36 13300000 13400000 13947641 13700000 14000000 EUR Million [+]
Capital Flows 34.16 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 89.86 89.4 87.8 percent [+]
Government Budget -2.10 -1.7 -1.7 -2 -1.7 -0.8 percent of GDP [+]
Government Spending 530.67 536 538 540 543 567 EUR Billion [+]
Government Spending to GDP 48.60 49.5 49.1 48.68 48.6 46.8 percent [+]
Government Debt 9440246.00 9630000 9720000 9563432 9830000 11200000 EUR Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 0.79 0.15 0.21 0.78 0.6 1.2 [+]
Manufacturing PMI 54.90 52.6 52.8 56.78 54.7 53.1 [+]
Services PMI 53.70 53.4 53.6 53.8 56.87 53.3 Index Points [+]
Composite Pmi 54.40 51.8 51.2 54.26 54.4 51.9 Index Points [+]
Industrial Production 3.20 0.9 1.2 2.89 1.5 0.8 percent [+]
Industrial Production Mom 1.50 0.2 0.4 0.05 0.4 0.1 percent [+]
Manufacturing Production 2.70 0.6 0.9 10.27 1.7 1.5 percent [+]
Capacity Utilization 82.30 80.4 80.6 82.14 81.1 81.7 percent [+]
Changes In Inventories -0.04 3.59 5.48 6.71 7.33 5.91 EUR Billion [+]
Zew Economic Sentiment Index 23.20 9.9 15.2 16.51 25.7 29.4 [+]
Car Registrations 895.00 852 798 865 895 948 Thousand [+]
Mining Production 4.70 -0.8 -0.2 -4.63 0.4 2.1 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -5.10 -9.5 -12 -10.8 -10.2 -1.4 [+]
Retail Sales MoM -0.40 -0.5 0.1 0.17 0.6 1 percent [+]
Retail Sales YoY 2.30 2.2 2 2.19 2.5 2.7 percent [+]
Consumer Spending 1380.09 1380 1380 1408 1390 1400 EUR Billion [+]
Disposable Personal Income 1662368.00 1680000 1690000 1709081 1710000 1780000 EUR Million [+]
Personal Savings 12.62 11.7 11.6 12.77 11.1 10.5 percent [+]
Private Sector Credit 12863357.90 12920000 12960000 13147458 13100000 14000000 EUR Million [+]
Bank Lending Rate 2.33 2.22 2.38 2.3 2.68 3.67 percent [+]
Consumer Credit 614930.66 611000 613000 618672 617000 666000 EUR Million [+]
Households Debt To Gdp 58.90 56.4 55.8 58.31 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 0.00 0.6 0.3 1.57 0.5 2.3 percent [+]
Housing Index 102.94 103 104 104 105 110 Index Points [+]
Construction Pmi 52.30 50.2 50.8 49.15 51 52 [+]
Home Ownership Rate 66.40 66.7 66.7 66.41 66.7 66.7 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 24.30 24.6 24.6 24.3 24.6 24.6 percent [+]
Personal Income Tax Rate 42.00 42.1 42.1 42 42.1 42.1 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. 1/22/2017