Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.30 0.3 0.3 0.4 0.4 1 percent [+]
Unemployment Rate 9.80 9.9 9.6 9.9 9.8 8.2 percent [+]
Inflation Rate 0.60 0.5 0.4 0.6 0.8 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 26481.80 26800 27700 23100 22000 19700 EUR Million [+]
Government Debt to GDP 90.70 91.4 90.9 90.4 88.37 87.8 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 3015.13 3010 2980 2950 2920 2440 points [+]
Government Bond 10y -0.40 -0.36 -0.37 -0.37 -0.37 -0.43 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.30 0.3 0.3 0.4 0.4 1 percent [+]
GDP Annual Growth Rate 1.60 1.6 1.2 1.5 1.92 1.9 percent [+]
GDP 11539.74 12000 12200 12400 11438 14800 USD Billion [+]
GDP Constant Prices 2514.91 2520 2560 2580 2564 2730 EUR Billion [+]
Gross Fixed Capital Formation 502.98 505 506 507 511 519 EUR Billion [+]
GDP per capita 38341.20 38600 38700 38900 38789 41300 USD [+]
GDP per capita PPP 37486.19 37600 37700 37800 37762 38800 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 9.80 9.9 9.6 9.9 9.8 8.2 percent [+]
Unemployed Persons 16057.00 16108 16099 16096 15601 14400 Thousand [+]
Employed Persons 153.27 153 153 153 153 161 Million [+]
Long Term Unemployment Rate 5.00 5.2 5.2 5.2 4.41 5.1 percent [+]
Youth Unemployment Rate 20.70 20.1 19.8 20 20.25 19.7 percent [+]
Productivity 103.00 104 104 104 103 115 Index Points [+]
Labour Costs 109.20 107 108 108 99.97 116 Index Points [+]
Wages 1681.00 1770 1790 1820 1729 2030 EUR/Month [+]
Wage Growth 0.90 1.5 1.7 1.8 2.11 2.8 percent [+]
Population 338.47 340 340 340 340 344 Million [+]
Full Time Employment 112073.10 111000 112000 112000 114756 113000 Thousand [+]
Employment Change 0.40 0.3 0.3 0.4 0.39 0.8 percent [+]
Part Time Employment 30948.50 31000 31200 31300 30894 34200 Thousand [+]
Labor Force Participation Rate 57.00 56.4 56.6 56.9 57.06 60 percent [+]
Retirement Age Men 64.63 64.63 64.63 64.63 64.63 65 [+]
Retirement Age Women 63.94 63.94 64.1 64.1 63.94 65 [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.60 0.5 0.4 0.6 0.8 2 percent [+]
Inflation Rate Mom 0.20 0.3 0.1 0.2 0.05 0.8 percent [+]
Consumer Price Index CPI 100.85 101 102 103 101 119 Index Points [+]
Core Consumer Prices 101.47 103 104 105 101 120 Index Points [+]
Core Inflation Rate 0.80 0.8 1 1.1 0.77 1.7 percent [+]
GDP Deflator 106.77 108 108 109 108 116 Index Points [+]
Producer Prices 102.70 103 104 105 104 115 Index Points [+]
Producer Prices Change -0.40 -0.7 -0.2 0.4 0.8 2.2 percent [+]
Import Prices 101.70 104 103 102 102 108 Index Points [+]
Food Inflation 0.00 0.9 1.4 1.6 -0.58 2.5 percent [+]
Cpi Transportation 99.72 102 103 104 100 119 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.2 -0.2 -0.1 -0.34 1 percent [+]
Money Supply M1 7044725.00 7220000 7440000 7620000 7644288 10900000 EUR Million [+]
Money Supply M2 10563610.00 10600000 10660000 10710000 10840000 11800000 EUR Million [+]
Money Supply M3 11232336.00 11500000 11740000 11900000 11605583 12991352 EUR Million [+]
Foreign Exchange Reserves 343861.00 349000 352000 356000 360000 389000 USD Million [+]
Central Bank Balance Sheet 3566230.00 3560000 3700000 3790000 3593239 5820000 EUR Million [+]
Loans to Private Sector 10655446.00 10800000 10870000 10950000 10833329 11700000 EUR Million [+]
Deposit Interest Rate -0.40 -0.4 -0.4 -0.4 -0.39 0.1 percent [+]
Lending Rate 0.25 0.25 0.25 0.25 0.24 1 percent [+]
Loan Growth 1.80 2 2.2 2.1 1.83 1.9 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 26481.80 26800 27700 23100 22000 19700 EUR Million [+]
Exports 176678.40 170000 178000 181000 175000 165000 EUR Million [+]
Imports 150196.60 142000 150000 158000 153000 145000 EUR Million [+]
Current Account 29.80 43.2 30.4 34.5 34.8 27.6 EUR Billion [+]
Current Account to GDP 3.70 3.4 2.3 2.3 2.77 1.9 percent [+]
External Debt 13331647.65 13200000 13300000 13400000 13947641 14000000 EUR Million [+]
Capital Flows 61.10 72.2 69.5 60.2 15.2 41.2 EUR Billion [+]
Gold Reserves 504.77 505 505 505 505 505 Tonnes [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 90.70 91.4 90.9 90.4 88.37 87.8 percent [+]
Government Budget -2.10 -2 -1.7 -1.7 -1.8 -0.8 percent of GDP [+]
Government Spending 526.70 532 534 536 538 562 EUR Billion [+]
Government Spending to GDP 48.60 49.2 49.5 49.1 48.49 46.8 percent [+]
Government Debt 9440246.00 9560000 9630000 9720000 9657112 11200000 EUR Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 0.42 0.22 0.15 0.21 0.31 1.2 [+]
Manufacturing PMI 53.70 53 52.6 52.8 54.48 53.1 [+]
Services PMI 54.10 52.8 53.4 53.6 54.62 53.3 Index Points [+]
Composite Pmi 54.10 52.4 51.8 51.2 54.11 51.9 Index Points [+]
Industrial Production 1.20 1.1 0.9 1.2 3.01 0.8 percent [+]
Industrial Production Mom -0.80 -0.5 0.2 0.4 0.07 0.1 percent [+]
Manufacturing Production 1.30 0.8 0.6 0.9 12.99 1.5 percent [+]
Capacity Utilization 82.30 80.8 80.4 80.6 82.14 81.7 percent [+]
Changes In Inventories -1.35 2.78 4.52 5.93 6.66 5.7 EUR Billion [+]
Zew Economic Sentiment Index 15.80 14.6 9.9 15.2 23.43 29.4 [+]
Car Registrations 849.00 892 852 798 860 948 Thousand [+]
Mining Production 6.20 -1.9 -0.8 -0.2 -4.49 2.1 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -6.10 -6.5 -9.5 -12 -10.8 -1.4 [+]
Retail Sales MoM -0.20 0.7 -0.5 0.1 0.12 1 percent [+]
Retail Sales YoY 1.10 2.6 2.2 2 1.36 2.7 percent [+]
Consumer Spending 1373.66 1370 1380 1380 1413 1400 EUR Billion [+]
Disposable Personal Income 1662368.00 1670000 1680000 1690000 1709081 1780000 EUR Million [+]
Personal Savings 12.75 11.9 11.7 11.6 12.77 10.5 percent [+]
Private Sector Credit 12764469.50 12880000 12920000 12960000 12789203 14000000 EUR Million [+]
Bank Lending Rate 2.35 2.15 2.22 2.38 2.37 3.67 percent [+]
Consumer Credit 613498.11 609000 611000 613000 616265 666000 EUR Million [+]
Households Debt To Gdp 59.00 56.8 56.4 55.8 55.91 53.7 percent of GDP [+]
Households Debt To Income 93.96 93.29 93.2 93.11 93.01 92 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 1.80 0.2 0.6 0.3 1.86 2.3 percent [+]
Housing Index 101.49 102 103 104 104 110 Index Points [+]
Construction Pmi 49.40 48.9 50.2 50.8 49.16 52 [+]
Home Ownership Rate 66.70 66.7 66.7 66.7 67.11 66.7 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 24.30 24.6 24.6 24.6 24.3 24.6 percent [+]
Personal Income Tax Rate 42.00 42.1 42.1 42.1 42 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. 12/4/2016