Euro Area | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 1.10 1.1 1.05 1.02 1 1.25 [+]
Stock Market 3600.69 3597 3513 3270 3200 4503 [+]
Government Bond 10y 0.01 0.5 0.6 0.03 0.03 1.5 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 13402.70 13028 13057 13421 13453 14256 [+]
GDP Growth Rate 0.40 0.25 0.2 0.22 0.2 0.4 [+]
GDP Annual Growth Rate 1.00 1.43 1.5 1.44 1.33 1.1 [+]
GDP Constant Prices 2435.11 2454 2460 2465 2468 2478 [+]
GDP per capita 32789.48 31172 31043 31013 30808 33443 [+]
Gross Fixed Capital Formation 480.96 484 486 490 495 512 [+]
GDP per capita PPP 36924.57 35305 35108 34908 34861 37508 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 11.10 11.1 11.1 11 10.47 9.5 [+]
Employed Persons 150.29 151 150 154 155 160 [+]
Unemployed Persons 17629.00 17536 17599 17439 17400 15924 [+]
Long Term Unemployment Rate 5.90 5.8 5.7 5.6 5.5 5.1 [+]
Youth Unemployment Rate 22.50 22 21.7 21.5 21.3 21.13 [+]
Productivity 102.20 103 103 103 104 105 [+]
Wages 1681.00 1706 1690 1694 1698 1959 [+]
Labour Costs 105.82 106 106 107 107 110 [+]
Population 338.34 335 335 336 336 338 [+]
Employment Change 0.10 0.08 0.09 0.1 0.11 0.13 [+]
Retirement Age Men 64.63 64.63 64.63 64.63 64.63 66 [+]
Retirement Age Women 63.94 63.94 63.94 63.94 63.94 66 [+]
Wage Growth 2.20 2.1 1 1.14 1.1 1.46 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 0.20 0.2 0.3 0.4 0.5 1.75 [+]
Inflation Rate Mom 0.00 0.3 0.2 0.17 0.18 0.12 [+]
Consumer Price Index CPI 118.65 119 119 119 120 129 [+]
Core Inflation Rate 1.00 0.99 0.9 1.15 1.19 1.2 [+]
Core Consumer Prices 114.42 115 116 116 117 124 [+]
GDP Deflator 105.30 106 106 106 106 111 [+]
Producer Prices 104.81 105 106 106 107 111 [+]
Producer Prices Change -2.00 -1.4 -0.8 -0.1 0.5 1.24 [+]
Import Prices 103.80 105 105 106 107 112 [+]
Food Inflation 0.90 0.4 0.6 1.36 0.8 1.29 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 0.05 0.05 0.05 0.05 0.05 1.5 [+]
Interbank Rate -0.01 -0.03 -0.04 -0.04 -0.04 -0.04 [+]
Money Supply M1 6321142.00 6489272 6651009 6810708 6968396 9490219 [+]
Money Supply M2 9964056.00 10040725 10111826 10287778 10465210 12475076 [+]
Money Supply M3 10591027.00 10591701 10865666 10988731 11108165 12745293 [+]
Central Bank Balance Sheet 2525159.00 2577988 2625797 2651072 2664357 2940928 [+]
Foreign Exchange Reserves 330337.00 330576 330648 330670 330676 355237 [+]
Loans to Private Sector 10590056.00 10676878 10688325 10698325 10709137 11543012 [+]
Loan Growth 0.60 0.2 0.1 1.63 1.83 3.92 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade 18800.00 14604 16720 15112 13426 23215 [+]
Exports 164400.00 167710 167603 166847 166666 191608 [+]
Imports 139500.00 148809 147698 147360 146966 170104 [+]
Current Account 3.41 15.24 25.54 20.61 15.56 22.09 [+]
Current Account to GDP 2.10 1.42 1.42 1.16 0.9 2.75 [+]
External Debt 12632781.36 12063610 12136656 12341799 12402812 13024565 [+]
Capital Flows 28.42 23.04 28.76 29.72 19.34 19.34 [+]
Gold Reserves 504.77 503 503 505 506 503 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -2.40 -2.65 -2.12 -3.13 -3.33 -3.12 [+]
Government Debt to GDP 91.90 92 92 93 93 89.76 [+]
Government Spending 516.28 515 515 517 521 549 [+]
Government Spending to GDP 49.00 49 49 49 49 48.53 [+]
Credit Rating 13.59 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 0.39 0.31 0.15 0.05 -0.19 1.16 [+]
Manufacturing PMI 52.40 52.67 52.71 52.62 52.59 49.73 [+]
Services PMI 53.80 55.15 54.66 54.5 54.74 50.96 [+]
Industrial Production 1.60 0.3 0.23 0.66 0.44 1.1 [+]
Industrial Production Mom -0.40 0.03 0.02 -0.01 -0.03 0.2 [+]
Manufacturing Production 2.40 1.06 0.86 1.23 1.22 1.49 [+]
Capacity Utilization 81.10 81.1 81.1 81.09 80.92 81.03 [+]
Changes In Inventories -5.80 -0.3 1.24 4.22 5.03 -6.98 [+]
Zew Economic Sentiment Index 42.70 49.74 34.03 14.03 24.07 25.61 [+]
Car Registrations 795.00 799 805 811 816 885 [+]
Composite Pmi 53.70 54.6 53.9 52.78 52.38 50.67 [+]
Mining Production -24.40 -3.82 -3.32 -1.78 -1.54 -0.72 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence -7.10 -5.8 -6.3 -7.2 -11 -8.79 [+]
Retail Sales MoM 0.20 0.13 0.3 0.11 0.1 0.15 [+]
Retail Sales YoY 2.40 1.17 2.17 1.97 1.88 1.57 [+]
Consumer Spending 1349.78 1353 1358 1362 1366 1397 [+]
Disposable Personal Income 1626204.00 1638404 1641123 1653765 1666054 1711701 [+]
Personal Savings 12.78 13.13 12.1 13.01 12.96 13.61 [+]
Bank Lending Rate 2.77 2.95 2.9 2.49 2.47 3.5 [+]
Consumer Credit 580434.90 568565 569961 566199 566081 616232 [+]
Private Sector Credit 12650669.10 12729709 12792512 12802512 12892512 19000322 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 97.15 97.75 97.8 98.3 98.74 103 [+]
Construction Output 0.30 2.51 -1.56 -2.4 -0.94 -0.96 [+]
Home Ownership Rate 66.60 66.6 66.6 66.6 66.6 68.03 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 25.90 25.9 25.9 25.98 25.99 30.44 [+]
Personal Income Tax Rate 44.50 44.5 44.5 44.57 44.5 44.42 [+]
Sales Tax Rate 20.67 20.67 20.67 20.67 20.67 17.65 [+]



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. 8/3/2015