Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.60 0.4 0.3 0.3 0.5 1 percent [+]
Unemployment Rate 10.10 9.9 9.8 9.6 9.7 8.5 percent [+]
Inflation Rate 0.10 0.2 0.1 0.2 0.3 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 24559.40 19800 26800 27700 23100 19700 EUR Million [+]
Government Debt to GDP 90.70 91 91.4 90.9 90.4 87.8 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 1.10 1.12 1.11 1.09 1.09 0.91 [+]
Stock Market 2972.20 2940 2910 2880 2880 2400 points [+]
Government Bond 10y -0.40 -0.32 -0.45 -0.27 -0.19 -0.37 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.60 0.4 0.3 0.3 0.5 1 percent [+]
GDP Annual Growth Rate 1.70 1.4 1.6 1.2 1.5 1.9 percent [+]
GDP 11539.74 11800 12000 12200 12400 14800 USD Billion [+]
GDP Constant Prices 2483.55 2500 2520 2560 2580 2630 EUR Billion [+]
Gross Fixed Capital Formation 502.56 504 505 505 505 499 EUR Billion [+]
GDP per capita 38341.20 38500 38600 38700 38900 41300 USD [+]
GDP per capita PPP 37486.19 37500 37600 37700 37800 38800 USD [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 10.10 9.9 9.8 9.6 9.7 8.5 percent [+]
Unemployed Persons 16149.00 16279 16269 16246 16232 14400 Thousand [+]
Employed Persons 152.62 153 153 153 153 161 Million [+]
Long Term Unemployment Rate 5.20 5.3 5.2 5.2 5.2 5.1 percent [+]
Youth Unemployment Rate 20.70 20.4 20.1 19.8 20 19.7 percent [+]
Productivity 102.60 103 104 104 104 115 Index Points [+]
Labour Costs 106.03 107 107 108 108 114 Index Points [+]
Wages 1681.00 1750 1770 1799 1817 2030 EUR/Month [+]
Wage Growth 1.80 1.6 1.5 1.7 1.8 2.8 percent [+]
Population 338.47 339 340 340 340 344 Million [+]
Full Time Employment 110933.10 111000 111000 112000 112000 113000 Thousand [+]
Employment Change 0.30 0.4 0.3 0.3 0.4 0.8 percent [+]
Part Time Employment 30508.20 30900 31000 30999 31051 34200 Thousand [+]
Labor Force Participation Rate 56.90 56.8 56.4 56.6 56.9 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 Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 0.10 0.2 0.1 0.2 0.3 2 percent [+]
Inflation Rate Mom 0.20 0.2 0.3 0.1 0.2 0.8 percent [+]
Consumer Price Index CPI 100.68 101 101 102 103 116 Index Points [+]
Core Consumer Prices 101.25 102 103 103 105 117 Index Points [+]
Core Inflation Rate 0.90 0.9 0.8 1 1.1 1.7 percent [+]
GDP Deflator 106.70 107 108 108 108 112 Index Points [+]
Producer Prices 100.80 102 104 105 106 115 Index Points [+]
Producer Prices Change -3.90 -2.2 -1.9 -0.8 -0.2 2.6 percent [+]
Import Prices 101.23 102 104 103 102 108 Index Points [+]
Food Inflation 0.60 0.8 0.7 0.9 1 2.5 percent [+]
Cpi Transportation 99.68 100 100 102 103 116 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.30 -0.3 -0.2 -0.2 -0.1 1 percent [+]
Money Supply M1 6837151.00 6954604 7223323 7446547 7621152 10900000 EUR Million [+]
Money Supply M2 10415999.00 10536323 10604879 10669279 10716908 11800000 EUR Million [+]
Money Supply M3 11068707.00 11336919 11506650 11745546 11906650 12574410 EUR Million [+]
Foreign Exchange Reserves 341024.00 341523 341538 341539 341539 341539 USD Million [+]
Central Bank Balance Sheet 3249177.00 3380000 3560000 3700000 3790000 5820000 EUR Million [+]
Loans to Private Sector 10656843.00 10793791 10803128 10874554 10954587 11700000 EUR Million [+]
Deposit Interest Rate -0.40 -0.4 -0.4 -0.4 -0.4 0.1 percent [+]
Lending Rate 0.25 0.25 0.25 0.25 0.25 0.23 percent [+]
Loan Growth 1.60 1.8 2 2.2 2.1 1.9 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade 24559.40 19800 26800 27700 23100 19700 EUR Million [+]
Exports 167372.70 173000 170000 178000 181000 165000 EUR Million [+]
Imports 142813.30 153000 142000 150000 158000 145000 EUR Million [+]
Current Account 15.39 35.9 43.2 30.4 34.5 27.6 EUR Billion [+]
Current Account to GDP 3.70 3.4 3.4 2.3 2.3 1.9 percent [+]
External Debt 13287091.62 12800000 13100000 13200000 13300000 14000000 EUR Million [+]
Capital Flows 44.08 29.8 42.35 42.35 42.35 30.59 EUR Billion [+]
Gold Reserves 504.77 505 505 505 505 505 Tonnes [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 90.70 91 91.4 90.9 90.4 87.8 percent [+]
Government Budget -2.10 -2 -2 -1.7 -1.7 -0.8 percent of GDP [+]
Government Spending 524.83 528 530 531 533 551 EUR Billion [+]
Government Spending to GDP 48.60 49 49.2 49.5 49.1 46.8 percent [+]
Government Debt 9440246.00 9563432 9790000 9790000 9790000 11200000 EUR Million [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 0.22 0.04 -0.09 0.06 0.21 1.2 [+]
Manufacturing PMI 51.90 53.5 53 52.6 52.8 53.1 [+]
Services PMI 52.70 53.1 52.8 53.4 53.6 53.3 Index Points [+]
Composite Pmi 52.90 52.6 52.4 51.8 51.2 51.9 Index Points [+]
Industrial Production 0.50 1.3 1.1 0.9 1.2 0.8 percent [+]
Industrial Production Mom -1.20 -0.3 -0.5 0.2 0.4 0.1 percent [+]
Manufacturing Production 0.60 1 0.8 0.6 0.9 0.7 percent [+]
Capacity Utilization 81.40 81 80.8 80.4 80.6 81.7 percent [+]
Changes In Inventories -0.14 3.72 4.41 4.47 4.15 2.84 EUR Billion [+]
Zew Economic Sentiment Index -14.70 -6.2 4.6 9.9 15.2 29.4 [+]
Car Registrations 856.00 814 892 852 798 948 Thousand [+]
Mining Production -7.10 -3.7 -1.9 -0.8 -0.2 2.1 percent [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence -7.90 -7.2 -8.1 -9.5 -12 -1.4 [+]
Retail Sales MoM 0.40 0.3 0.7 -0.5 0.1 1 percent [+]
Retail Sales YoY 1.60 2.4 2.6 2.2 2 2.7 percent [+]
Consumer Spending 1366.89 1370 1370 1370 1370 1400 EUR Billion [+]
Disposable Personal Income 1636180.00 1650000 1670000 1680000 1690000 1780000 EUR Million [+]
Personal Savings 12.90 12.1 11.9 11.7 11.6 10.5 percent [+]
Private Sector Credit 12777618.70 12829843 12883232 12927475 12966568 14000000 EUR Million [+]
Bank Lending Rate 2.52 2.52 2.48 2.55 2.55 3.67 percent [+]
Consumer Credit 600281.90 605000 607000 609000 611000 666000 EUR Million [+]
Households Debt To Gdp 59.30 57.56 56.82 56.47 55.83 52 percent of GDP [+]
Households Debt To Income 93.49 93.01 92.86 92.73 92.6 91.12 percent [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Construction Output -0.80 0.4 0.2 0.6 0.3 2.3 percent [+]
Housing Index 100.06 102 102 103 104 110 Index Points [+]
Construction Pmi 46.50 47.6 48.9 50.2 50.8 52 [+]
Home Ownership Rate 66.70 66.7 66.7 66.7 66.7 66.7 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Corporate Tax Rate 24.60 24.6 24.6 24.6 24.6 25.9 percent [+]
Personal Income Tax Rate 42.10 42.1 42.1 42.1 42.1 42.3 percent [+]
Sales Tax Rate 20.80 20.8 20.8 20.8 20.8 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. 7/24/2016