European Union - Forecast | 2017-2020

This page has economic forecasts for European Union 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 European Union economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt To GDP 83.50 83.26 83.3 83.34 83.34 83.03 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 1.90 1.9 1.9 1.8 1.9 2.3 percent [+]
GDP 16311.90 16953 16282 17400 15876 18700 USD Billion [+]
Gross Fixed Capital Formation 700243.90 699119 697416 695940 694920 694927 EUR Million [+]
GDP Constant Prices 3465188.50 3495163 3505307 3512713 3518115 3531680 EUR Million [+]
GDP Growth Rate 0.50 0.6 0.6 0.6 0.7 0.7 percent [+]
GDP Per Capita 35099.89 35005 35187 35369 35435 36393 USD [+]
GDP Per Capita Ppp 35630.30 35492 35664 35837 35855 36582 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployed Persons 19750.00 19265 18978 18746 18563 17925 Thousand [+]
Long Term Unemployment Rate 3.80 3.53 3.42 3.38 3.32 2.82 percent [+]
Labour Costs 111.50 111 105 111 105 111 Index Points [+]
Unemployment Rate 8.00 7.9 7.8 7.6 7.5 6.2 percent [+]
Wage Growth 1.70 1.85 1.76 1.8 1.76 1.75 percent [+]
Youth Unemployment Rate 17.30 16.59 16.18 15.86 15.6 14.65 percent [+]
Labor Force Participation Rate 57.80 57.78 57.93 57.84 57.72 57.86 percent [+]
Part Time Employment 42863.40 43245 42964 43353 43595 44406 Thousand [+]
Population 510.28 511 511 512 512 516 Million [+]
Productivity 106.90 105 104 107 107 107 Index Points [+]
Retirement Age Men 64.67 64.75 64.81 64.86 64.91 65.63 [+]
Retirement Age Women 63.45 63.53 63.57 63.61 63.66 64.21 [+]
Employed Persons 225574.00 227063 228528 227892 226768 231451 Thousand [+]
Employment Change 0.20 0.13 0.12 0.12 0.11 0.15 percent [+]
Full Time Employment 177238.90 177994 179721 178722 177550 180441 Thousand [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Core Consumer Prices 101.74 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.90 0.95 0.95 0.96 0.97 0.97 percent [+]
Inflation Rate 1.60 1.9 2.1 1.7 1.6 2 percent [+]
Inflation Rate Mom 0.60 0.01 0.1 0.07 0.07 0.07 percent [+]
Producer Prices 105.50 109 111 113 115 130 Index Points [+]
Producer Prices Change 5.30 5 4.9 4.6 4.2 2.6 percent [+]
GDP Deflator 107.06 107 106 106 106 106 Index Points [+]
Food Inflation 1.90 1.63 1.53 1.51 1.51 1.51 percent [+]
Consumer Price Index CPI 101.69 102 102 102 102 102 Index Points [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Imports 144756.20 146427 149988 146899 150134 146972 EUR Million [+]
Exports 146455.40 149296 150476 150291 150405 150478 EUR Million [+]
Balance of Trade 1699.20 -5725 1999 3050 682 1069 EUR Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt To GDP 83.50 83.26 83.3 83.34 83.34 83.03 percent [+]
Government Budget -1.70 -2.1 -2.06 -2.4 -2.16 -1.4 percent of GDP [+]
Government Debt 12477670.30 12567989 12552334 12536679 12507152 11506644 EUR Million [+]
Government Spending 721502.50 725537 727387 729484 731269 749052 EUR Million [+]
Government Spending To GDP 46.60 46.86 46.81 46.76 46.83 47.17 percent [+]
Asylum Applications 19870.00 18214 20879 20151 20279 20262 persons [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production Mom -0.20 0 0.03 0.04 0.04 0.05 percent [+]
Manufacturing Production 1.60 0.67 0.49 0.42 0.39 0.37 percent [+]
Mining Production -0.50 1.43 1.18 1.05 1.14 1.12 percent [+]
Steel Production 15028.37 13776 14683 13998 14671 13980 Thousand Tonnes [+]
Industrial Production 2.10 1.35 1.13 1.04 1 0.96 percent [+]
Business Confidence 3.00 3 2.02 0 -2.33 -5.23 [+]
Capacity Utilization 82.40 82.12 82.37 82.15 81.84 80.51 percent [+]
Changes In Inventories 8317.50 11135 11443 10662 10662 9600 EUR Million [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Savings 10.06 10.04 10.09 10.15 10.17 10.32 percent [+]
Retail Sales Mom 0.70 0.18 0.18 0.18 0.18 0.18 percent [+]
Retail Sales Yoy 2.20 2.21 2.25 2.26 2.26 2.25 percent [+]
Economic Optimism Index 110.60 111 110 109 107 101 [+]
Consumer Confidence -3.40 -3.14 -2.81 -2.71 -2.68 -2.66 [+]
Consumer Spending 1941398.30 1957102 1963799 1970424 1976670 2018824 EUR Million [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 107.78 109 110 110 110 106 Index Points [+]
Home Ownership Rate 69.50 69.67 69.57 69.48 69.48 69.49 percent [+]
Construction Output 5.20 1.92 1.93 1.93 1.93 1.93 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 39.00 39.3 39 39 39 39 percent [+]
Sales Tax Rate 21.40 21.54 21.51 21.54 21.53 21.54 percent [+]
Corporate Tax Rate 22.50 22.8 22.32 22.19 22.12 21.37 percent [+]