Euro Area | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.4 0.4 0.5 0.5 1 percent [+]
Unemployment Rate 10.20 10.1 9.9 9.8 9.6 8.5 percent [+]
Inflation Rate -0.10 0.1 0.2 0.3 0.5 2.1 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 27481.90 21144 21577 19377 20146 14533 EUR Million [+]
Government Debt to GDP 90.70 95 95 95 95 87.8 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 1.11 1.13 1.12 1.11 1.09 0.91 [+]
Stock Market 2776.10 2970 2940 2910 2880 2400 points [+]
Government Bond 10y -0.34 -0.31 -0.32 -0.32 -0.32 -0.37 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.60 0.4 0.4 0.5 0.5 1 percent [+]
GDP Annual Growth Rate 1.70 1.6 1.7 1.6 1.5 2.2 percent [+]
GDP 13410.20 13479 13486 13493 13493 14343 USD Billion [+]
GDP Constant Prices 2483.55 2485 2488 2492 2472 2633 EUR Billion [+]
Gross Fixed Capital Formation 502.56 502 504 505 488 499 EUR Billion [+]
GDP per capita 32789.48 33008 33034 33089 33089 33593 USD [+]
GDP per capita PPP 36924.57 37314 37454 37525 37525 38803 USD [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 10.20 10.1 9.9 9.8 9.6 8.5 percent [+]
Unemployed Persons 16299.00 16490 16479 16469 16599 14376 Thousand [+]
Employed Persons 152.62 153 153 153 153 161 Million [+]
Long Term Unemployment Rate 5.40 5.3 5.3 5.2 5.6 5.1 percent [+]
Youth Unemployment Rate 21.10 21.1 21.2 21 21.4 19.7 percent [+]
Productivity 102.60 104 104 104 104 115 Index Points [+]
Labour Costs 106.03 107 107 107 107 114 Index Points [+]
Wages 1681.00 1747 1753 1767 1767 2033 EUR/Month [+]
Wage Growth 1.80 1.6 1.7 1.8 2.1 2.8 percent [+]
Population 338.47 339 339 339 339 340 Million [+]
Full Time Employment 110933.10 111896 111930 112030 112030 113086 Thousand [+]
Employment Change 0.30 0.3 0.4 0.4 0.4 0.8 percent [+]
Part Time Employment 30508.20 30689 30889 30951 30951 34209 Thousand [+]
Labor Force Participation Rate 56.90 56.69 56.7 56.78 56.61 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 Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate -0.10 0.1 0.2 0.3 0.5 2.1 percent [+]
Inflation Rate Mom 0.40 0.2 0.2 0.3 0.3 0.8 percent [+]
Consumer Price Index CPI 100.51 100 101 101 121 116 Index Points [+]
Core Consumer Prices 101.22 102 102 103 102 116 Index Points [+]
Core Inflation Rate 0.80 0.9 1 1.1 1.1 1.7 percent [+]
GDP Deflator 106.70 107 107 108 108 112 Index Points [+]
Producer Prices 100.26 102 102 104 105 115 Index Points [+]
Producer Prices Change -4.40 -3.4 -2.2 -1.9 -0.9 2.6 percent [+]
Import Prices 101.12 100 99.4 98.8 98.8 108 Index Points [+]
Food Inflation 0.60 1.1 1.3 1.5 1.5 2.5 percent [+]
Cpi Transportation 98.66 98.67 99.47 101 99.08 99.07 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.29 -0.2 -0.3 -0.2 -0.2 1 percent [+]
Money Supply M1 6795026.00 6848347 6974604 7123323 7123323 10878514 EUR Million [+]
Money Supply M2 10366400.00 10449216 10549163 10623080 10693643 11818902 EUR Million [+]
Money Supply M3 11030050.00 11236071 11436920 11506651 11506651 12509017 EUR Million [+]
Foreign Exchange Reserves 340578.00 341539 341794 341814 341815 341815 USD Million [+]
Central Bank Balance Sheet 3109588.00 3088665 3171674 3357665 3477665 5824658 EUR Million [+]
Loans to Private Sector 10651980.00 10709137 10893791 10903128 10903128 11689408 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 0.22 0.22 percent [+]
Loan Growth 1.50 1.7 1.9 2 2.75 3 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 27481.90 21144 21577 19377 20146 14533 EUR Million [+]
Exports 172312.80 184078 174823 169759 167656 169478 EUR Million [+]
Imports 144830.90 155076 152974 142998 149068 145425 EUR Million [+]
Current Account 34.00 37.45 45.74 36.41 34.12 23.25 EUR Billion [+]
Current Account to GDP 3.70 3.4 3.4 3.4 2.5 1.9 percent [+]
External Debt 12498814.86 13194628 13203722 13368313 13368313 13981432 EUR Million [+]
Capital Flows 51.18 32.13 34.19 42.35 33.43 33.52 EUR Billion [+]
Gold Reserves 504.77 505 505 505 505 505 Tonnes [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 90.70 95 95 95 95 87.8 percent [+]
Government Budget -2.10 -2 -2 -2 -2.1 -0.8 percent of GDP [+]
Government Spending 524.83 524 528 530 531 551 EUR Billion [+]
Government Spending to GDP 48.60 49 49 49 49 46.8 percent [+]
Government Debt 9440246.00 9555395 9563432 9787927 9917927 11153493 EUR Million [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 0.26 0.08 0.17 0.21 0.07 1.2 [+]
Manufacturing PMI 52.60 52.6 53.5 52.9 53.97 53.1 [+]
Services PMI 52.40 52.4 53.1 52.8 54.86 53.3 Index Points [+]
Composite Pmi 52.80 52.8 52.6 52.4 54.45 53.65 Index Points [+]
Industrial Production 2.00 0.6 1.3 1.1 1.2 0.8 percent [+]
Industrial Production Mom 1.10 -0.4 -0.3 0.5 0.2 0.1 percent [+]
Manufacturing Production 2.20 1.4 1 0.8 0.8 0.7 percent [+]
Capacity Utilization 81.40 81.2 81 80.8 81.1 82.9 percent [+]
Changes In Inventories -0.14 2.34 3.72 4.41 4.47 2.84 EUR Billion [+]
Zew Economic Sentiment Index 20.20 15.2 16.65 19.8 19.8 42.31 [+]
Car Registrations 866.00 865 867 859 859 1210 Thousand [+]
Mining Production -4.00 -8.3 -5.1 -2.8 -5.8 2.1 percent [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence -7.30 -7.3 -6.2 -8.1 -9.5 -1.4 [+]
Retail Sales MoM 0.00 0.2 0.3 0.4 0.4 1 percent [+]
Retail Sales YoY 1.40 2.8 2.4 2.6 2.6 3 percent [+]
Consumer Spending 1366.89 1366 1368 1370 1370 1404 EUR Billion [+]
Disposable Personal Income 1636180.00 1666054 1672637 1682637 1682637 1779327 EUR Million [+]
Personal Savings 12.68 12.3 12.1 11.8 11.8 10.5 percent [+]
Private Sector Credit 12760735.50 12892512 12929844 12963232 12963232 14010744 EUR Million [+]
Bank Lending Rate 2.56 2.65 2.59 2.55 2.55 3.67 percent [+]
Consumer Credit 603144.70 602833 605079 607253 608253 665708 EUR Million [+]
Households Debt To Gdp 59.30 58.03 57.56 56.82 56.47 52 percent of GDP [+]
Households Debt To Income 93.49 93.15 93.01 92.86 92.73 91.12 percent [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Construction Output -0.40 -0.45 -0.11 0.35 0.75 2.3 percent [+]
Housing Index 99.63 101 102 102 102 110 Index Points [+]
Home Ownership Rate 66.70 66.7 66.7 66.7 66.7 66.7 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Corporate Tax Rate 24.60 24.6 24.6 24.6 25.9 25.9 percent [+]
Personal Income Tax Rate 42.10 42.1 42.1 42.1 42.3 42.3 percent [+]
Sales Tax Rate 20.80 20.8 20.8 20.8 20.67 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. 6/25/2016