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 2.00 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 3482787.80 3496195 3506528 3514166 3519733 3533669 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 19716.00 19497 19346 19228 19143 18905 Thousand [+]
Long Term Unemployment Rate 3.80 3.59 3.48 3.47 3.42 2.99 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 17.20 16.77 16.43 16.15 15.93 15.11 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 102.28 102 102 102 102 102 Index Points [+]
Core Inflation Rate 1.40 1.31 1.39 1.45 1.48 1.55 percent [+]
Inflation Rate 2.00 1.9 2.1 1.7 1.6 2 percent [+]
Inflation Rate Mom 0.40 -0.02 0.1 0.11 0.08 0.09 percent [+]
Producer Prices 105.20 109 111 113 115 130 Index Points [+]
Producer Prices Change 4.60 5 4.9 4.6 4.2 2.6 percent [+]
GDP Deflator 107.06 107 106 106 106 106 Index Points [+]
Food Inflation 1.60 1.58 1.47 1.45 1.44 1.44 percent [+]
Cpi Housing Utilities 100.86 101 101 101 102 105 Index Points [+]
Consumer Price Index CPI 102.08 102 102 102 102 102 Index Points [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Imports 165140.80 159696 162012 158177 161427 157952 EUR Million [+]
Exports 175646.60 158208 159093 158848 158434 158704 EUR Million [+]
Balance of Trade 10505.80 -3711 3147 5659 3599 3574 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 0.00 0.03 0.04 0.04 0.04 0.04 percent [+]
Manufacturing Production 3.40 3.24 3.32 3.39 3.42 3.45 percent [+]
Mining Production -3.80 0.3 -0.33 -0.48 -0.4 -0.41 percent [+]
Steel Production 15028.37 13776 14683 13998 14671 13980 Thousand Tonnes [+]
Industrial Production 2.40 1.97 1.83 1.78 1.76 1.75 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 9.99 10.11 10.23 10.23 10.42 percent [+]
Retail Sales Mom -0.20 0.16 0.18 0.17 0.17 0.17 percent [+]
Retail Sales Yoy 2.50 2.37 2.41 2.42 2.42 2.42 percent [+]
Economic Optimism Index 110.60 111 110 109 107 101 [+]
Consumer Confidence -3.30 -3.21 -2.9 -2.81 -2.78 -2.77 [+]
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 3.70 2.1 2.04 2.02 2.02 2.02 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 [+]