European Union - Forecast | 2016-2020

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt To GDP 85.20 86.24 85.52 84.79 84.07 83.76 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 1.90 1.4 1.7 1.7 1.8 2.3 percent [+]
GDP 16311.90 16804 16953 16216 17400 18700 USD Billion [+]
Gross Fixed Capital Formation 699667.30 691879 693860 695947 698505 726879 EUR Million [+]
GDP Constant Prices 3444115.30 3466803 3477657 3488535 3499592 3638076 EUR Million [+]
GDP Growth Rate 0.40 0.6 0.4 0.5 0.6 0.7 percent [+]
GDP Per Capita 35079.15 34883 34993 35103 35213 36766 USD [+]
GDP Per Capita Ppp 35604.78 35349 35462 35575 35688 37162 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployed Persons 20429.00 20043 19800 19607 19455 18909 Thousand [+]
Long Term Unemployment Rate 4.00 3.75 3.62 3.54 3.52 3.06 percent [+]
Labour Costs 104.60 105 111 105 111 111 Index Points [+]
Unemployment Rate 8.30 8 7.9 7.8 7.6 6.2 percent [+]
Wage Growth 2.00 1.52 1.79 2.18 1.87 1.87 percent [+]
Youth Unemployment Rate 18.80 17.46 17.23 17.07 16.95 16.63 percent [+]
Labor Force Participation Rate 57.70 57.64 57.76 57.89 57.81 57.83 percent [+]
Part Time Employment 42787.80 43110 43177 43018 43213 44109 Thousand [+]
Population 508.45 509 509 510 510 515 Million [+]
Productivity 103.60 103 104 103 106 106 Index Points [+]
Retirement Age Men 64.67 64.67 64.67 64.67 64.67 64.67 [+]
Retirement Age Women 63.45 63.45 63.45 63.45 63.45 63.45 [+]
Employed Persons 226004.70 224557 227083 228743 228027 231599 Thousand [+]
Employment Change 0.20 0.17 0.17 0.16 0.17 0.16 percent [+]
Full Time Employment 176053.50 176117 178144 179992 179009 180855 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Core Consumer Prices 101.70 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.90 0.77 0.76 0.76 0.76 0.75 percent [+]
Inflation Rate 1.20 0.9 1 1.1 1.4 2.2 percent [+]
Inflation Rate Mom 0.50 0.06 0.04 0.03 0.04 0.04 percent [+]
Producer Prices 103.50 103 103 103 103 103 Index Points [+]
Producer Prices Change 0.70 -0.09 0.01 0.05 0.06 0.07 percent [+]
GDP Deflator 107.00 106 105 105 105 104 Index Points [+]
Food Inflation 1.10 0.55 0.58 0.6 0.6 0.6 percent [+]
Consumer Price Index CPI 101.28 101 101 101 101 101 Index Points [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Imports 149875.70 147677 145016 147656 145021 145073 EUR Million [+]
Exports 156775.80 144848 144411 144366 144450 144449 EUR Million [+]
Balance of Trade 6900.10 470 227 582 531 450 EUR Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt To GDP 85.20 86.24 85.52 84.79 84.07 83.76 percent [+]
Government Budget -2.40 -2.1 -2.1 -2.61 -2.4 -1.4 percent of GDP [+]
Government Debt 12477670.30 12583643 12567989 12552334 12536679 11506644 EUR Million [+]
Government Spending 722143.20 725347 728026 730929 733499 761505 EUR Million [+]
Government Spending To GDP 47.40 47.34 47.1 46.86 46.84 46.9 percent [+]
Asylum Applications 47990.00 58296 74397 50917 54442 57832 persons [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production Mom 1.60 -0.08 0 0.03 0.04 0.04 percent [+]
Manufacturing Production 2.90 0.61 0.66 0.6 0.81 0.89 percent [+]
Mining Production 3.20 -1.71 -1.25 -1.35 -1.27 -1.29 percent [+]
Steel Production 13492.10 14315 13429 14150 13443 13441 Thousand Tonnes [+]
Industrial Production 3.10 2.17 2.49 2.64 2.56 1.98 percent [+]
Business Confidence 109.10 108 108 106 105 102 [+]
Capacity Utilization 81.80 81.77 81.61 81.37 81.1 80.43 percent [+]
Changes In Inventories 6087.50 9565 9457 9393 9359 9428 EUR Million [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Personal Savings 10.62 10.9 10.95 10.94 10.9 10.78 percent [+]
Retail Sales Mom -0.10 0.27 0.27 0.26 0.26 0.26 percent [+]
Retail Sales Yoy 3.40 3.21 3.26 3.27 3.27 3.27 percent [+]
Consumer Confidence -4.60 -3.85 -3.53 -3.42 -3.39 -3.38 [+]
Consumer Spending 1928421.60 1950665 1958897 1966793 1974472 2066394 EUR Million [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 105.42 107 107 107 107 104 Index Points [+]
Home Ownership Rate 69.50 69.76 69.67 69.57 69.48 69.49 percent [+]
Construction Output 0.20 1.41 1.3 1.09 1.42 1.42 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Personal Income Tax Rate 39.00 39.3 39.3 39 39 39 percent [+]
Sales Tax Rate 21.40 21.54 21.54 21.4 21.54 21.54 percent [+]
Corporate Tax Rate 22.50 22.8 22.8 22.5 22.5 22.5 percent [+]





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. 1/18/2017