Euro Area | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 1.08 1 1.02 1.15 1.2 1.32 [+]
Government Bond 10y -0.03 0.1 0.4 1.5 2.5 3 [+]
Stock Market 3727.80 3817 3925 4503 5557 6449 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 12749.93 13081 13123 14256 17257 23257 [+]
GDP Growth Rate 0.30 0.17 0.23 0.4 0.35 0.35 [+]
GDP Annual Growth Rate 0.90 0.98 0.93 0.89 1.54 1.54 [+]
GDP Constant Prices 2416.93 2422 2425 2935 4135 5735 [+]
GDP per capita 31806.76 31217 31193 33443 36436 39436 [+]
Gross Fixed Capital Formation 474.37 475 476 537 567 667 [+]
GDP per capita PPP 35830.41 35253 35127 37508 39507 45507 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 11.30 11.2 11.1 10 9.7 8.7 [+]
Employed Persons 148.63 149 149 157 163 172 [+]
Unemployed Persons 17915.00 17871 17627 15764 15752 15752 [+]
Long Term Unemployment Rate 5.90 6.1 5.9 5.93 4.39 4.39 [+]
Youth Unemployment Rate 22.90 22.8 22.7 21.13 18.2 15.2 [+]
Productivity 266.00 302 349 101 104 104 [+]
Wages 1681.00 1687 1688 1759 1899 2000 [+]
Labour Costs 105.39 106 106 109 106 105 [+]
Population 334.57 335 335 341 346 348 [+]
Employment Change 0.10 0.08 0.11 0.16 0.17 0.17 [+]
Retirement Age Men 64.32 64 64 64 64 64 [+]
Retirement Age Women 63.59 64 64 63 63 63 [+]
Wage Growth 1.00 1.44 1.6 2.46 2.57 2.57 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate -0.10 -0.1 -0.51 1.75 2.14 2.14 [+]
Inflation Rate Mom 0.60 -0.16 -0.34 0.23 0.17 0.17 [+]
Consumer Price Index CPI 116.78 116 116 148 178 218 [+]
Core Inflation Rate 0.60 0.6 0.66 0.69 0.69 0.69 [+]
Core Consumer Prices 112.40 113 113 111 111 111 [+]
GDP Deflator 105.00 105 105 110 126 166 [+]
Producer Prices 104.31 104 104 111 132 172 [+]
Producer Prices Change -3.40 -2.51 -2.78 2.04 2.18 2.18 [+]
Import Prices 102.90 103 104 105 110 122 [+]
Food Inflation 0.10 -0.82 -0.23 1.29 1.07 1.08 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 0.05 0.05 0.05 1.5 2.5 3.25 [+]
Interbank Rate 0.04 0.03 0.02 1.6 2.6 3.4 [+]
Money Supply M1 6098020.00 6146519 6310401 8572176 12270148 18553274 [+]
Money Supply M2 9754416.00 9840725 10011826 12907900 15260965 16330440 [+]
Money Supply M3 10440193.00 10561701 10797244 14031521 15741518 16111638 [+]
Central Bank Balance Sheet 2157841.00 2173589 2169211 2251056 2951056 3951056 [+]
Foreign Exchange Reserves 328993.00 323687 319977 355237 395354 495352 [+]
Loans to Private Sector 10595801.00 10645508 10776878 12243012 12740250 12791159 [+]
Loan Growth -0.10 0.05 0.33 3.11 4.66 5.04 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade 7943.60 23828 26035 21504 32415 43566 [+]
Exports 148224.00 171629 168963 191608 221963 261964 [+]
Imports 140280.60 147801 142928 170104 189548 218399 [+]
Current Account 8.20 18.8 22.46 35.01 35.02 35.02 [+]
Current Account to GDP 2.40 2.94 3 3.18 3.18 3.18 [+]
External Debt 11959040.04 11945069 11952556 11788534 11793202 11793199 [+]
Capital Flows -21.73 28.01 24.18 19.57 19.57 19.57 [+]
Gold Reserves 503.19 503 503 503 503 503 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -2.90 -2.45 -2.38 -3.12 -2.94 -2.94 [+]
Government Debt to GDP 90.90 92.4 92.67 89.76 74.92 74.92 [+]
Government Spending 512.70 514 514 524 527 527 [+]
Government Spending to GDP 49.40 49.13 49.12 48.28 47.28 47.28 [+]
Credit Rating 13.59 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 0.23 0.12 0.09 1.16 0.85 1.06 [+]
Manufacturing PMI 51.90 51.9 52.02 52.14 53.14 55.14 [+]
Services PMI 54.30 54.3 54.98 52.4 52.63 52.46 [+]
Industrial Production 1.20 0.26 0.14 0.59 0.86 0.86 [+]
Industrial Production Mom -0.10 0.07 0.14 0.09 0.09 0.09 [+]
Manufacturing Production 1.00 0.75 1.08 1.49 0.92 0.92 [+]
Capacity Utilization 80.70 80.7 80.84 79.98 81.01 81.99 [+]
Changes In Inventories -15.32 -15.41 -15.39 -12.61 -12.67 -12.68 [+]
Zew Economic Sentiment Index 62.40 62.4 64.77 43.76 45.27 55.27 [+]
Sentix Investors Sentiment 18.64 18.64 10.96 15.3 20.95 17.95 [+]
Car Registrations 797.00 779 783 790 887 887 [+]
Composite Pmi 54.10 54.1 54.4 50.18 50.17 50.17 [+]
Mining Production -0.10 -2.83 -2.26 -1.28 -1.28 -1.28 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -3.70 -3.7 -3.11 -10.01 -12.54 -12.54 [+]
Retail Sales MoM 1.10 0.62 0.74 0.76 0.76 0.76 [+]
Retail Sales YoY 3.70 2.6 2.1 2.82 2.82 2.82 [+]
Consumer Spending 1337.19 1343 1348 1467 1669 1829 [+]
Disposable Personal Income 1616039.00 1638042 1648477 1779132 2141185 2141185 [+]
Personal Savings 13.09 12.14 12.16 13.07 13.89 13.89 [+]
Bank Lending Rate 3.11 3 3 3.5 5.89 5.89 [+]
Consumer Credit 560649.60 565894 567161 572232 579050 589037 [+]
Private Sector Credit 12638652.80 12644293 12662099 89000322 257091881 368624278 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 97.66 97.25 97.31 98.71 105 115 [+]
Construction Output 3.00 -1.41 -2.19 -0.71 -0.7 -0.7 [+]
Taxes Actual Q2/15 Q3/15 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 [+]