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 1.80 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 3465188.50 3482176 3495163 3505307 3512713 3531680 EUR Million [+]
GDP Growth Rate 0.50 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 20065.00 19413 18916 18523 18210 17081 Thousand [+]
Long Term Unemployment Rate 3.80 3.75 3.62 3.54 3.52 3.06 percent [+]
Labour Costs 104.60 105 111 105 111 111 Index Points [+]
Unemployment Rate 8.20 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 18.60 17.46 17.23 17.07 16.95 16.63 percent [+]
Labor Force Participation Rate 57.90 57.66 57.79 57.94 57.86 57.88 percent [+]
Part Time Employment 42412.60 42944 43006 42717 42907 43487 Thousand [+]
Population 510.28 510 511 511 512 516 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 178117.30 175943 177972 179700 178675 180356 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Core Consumer Prices 100.25 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.90 0.89 0.91 0.92 0.92 0.93 percent [+]
Inflation Rate 1.70 0.9 1 1.1 1.4 2.2 percent [+]
Inflation Rate Mom -0.60 0.11 0.11 0 0.04 0.03 percent [+]
Producer Prices 104.30 105 106 107 108 116 Index Points [+]
Producer Prices Change 2.40 2.6 2.8 2.7 2.5 2.6 percent [+]
GDP Deflator 107.00 106 105 105 105 104 Index Points [+]
Food Inflation 1.70 2.14 2.44 2.52 2.55 2.56 percent [+]
Consumer Price Index CPI 100.63 100 100 100 100 100 Index Points [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Imports 143534.20 146882 144175 147172 144296 144349 EUR Million [+]
Exports 164419.50 155794 154760 155331 155199 155300 EUR Million [+]
Balance of Trade 20885.30 8703 7207 9942 10160 9557 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 35710.00 50977 62240 54245 54284 55533 persons [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production Mom -1.00 -0.23 0 0.05 0.06 0.05 percent [+]
Manufacturing Production 2.50 2.61 2.6 2.6 2.6 2.6 percent [+]
Mining Production 4.00 1.11 2.07 2.12 2.1 2.1 percent [+]
Steel Production 13823.56 13691 13053 13736 13044 13048 Thousand Tonnes [+]
Industrial Production 2.90 3.85 4.35 4.6 4.71 4.83 percent [+]
Business Confidence 108.50 109 108 106 105 102 [+]
Capacity Utilization 82.10 81.78 82.11 81.93 81.66 80.48 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 10.15 10.9 10.95 10.94 10.9 10.78 percent [+]
Retail Sales Mom -0.80 0.09 0.23 0.23 0.22 0.22 percent [+]
Retail Sales Yoy 2.30 3 3.09 3.08 3.05 3.05 percent [+]
Economic Optimism Index 108.90 109 108 107 105 101 [+]
Consumer Confidence -5.20 -5.2 -5.23 -5.26 -5.27 -5.28 [+]
Consumer Spending 1928421.60 1950665 1958897 1966793 1974472 2066394 EUR Million [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 107.00 107 107 107 107 104 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. 2/28/2017