European Union - Forecast | 2016-2020

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt To GDP 85.20 84.07 84 83.93 83.87 83.76 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 1.90 1.8 1.4 1.7 1.7 2.1 percent [+]
GDP 16229.46 16655 16804 16953 16102 18700 USD Billion [+]
Gross Fixed Capital Formation 692285.70 693079 691879 693860 695947 726879 EUR Million [+]
GDP Constant Prices 3444115.30 3455764 3466803 3477657 3488535 3638076 EUR Million [+]
GDP Growth Rate 0.40 0.4 0.6 0.4 0.5 1.3 percent [+]
GDP Per Capita 34860.67 35213 35288 35363 35439 36766 USD [+]
GDP Per Capita Ppp 35384.99 35688 35751 35815 35878 37162 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployed Persons 20789.00 20345 20043 19800 19607 18909 Thousand [+]
Long Term Unemployment Rate 4.00 3.83 3.75 3.62 3.54 3.06 percent [+]
Labour Costs 108.80 109 102 109 102 109 Index Points [+]
Unemployment Rate 8.30 8.4 7.9 8.4 8.3 6.2 percent [+]
Wage Growth 1.30 1.69 1.43 1.68 2.12 1.84 percent [+]
Youth Unemployment Rate 18.20 17.76 17.46 17.23 17.07 16.63 percent [+]
Labor Force Participation Rate 57.70 57.77 57.64 57.76 57.89 57.83 percent [+]
Part Time Employment 42787.80 42796 43110 43177 43018 44109 Thousand [+]
Population 508.45 510 510 511 511 515 Million [+]
Productivity 103.70 106 103 104 103 106 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 224228.70 225694 224557 227083 228743 231599 Thousand [+]
Employment Change 0.30 0.29 0.3 0.28 0.29 0.28 percent [+]
Full Time Employment 176053.50 177423 176117 178144 179992 180855 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Core Consumer Prices 101.42 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.80 0.78 0.77 0.76 0.76 0.75 percent [+]
Inflation Rate 0.50 0.5 0.6 0.8 1 2.2 percent [+]
Inflation Rate Mom 0.20 0.01 0.03 0.06 0.04 0.05 percent [+]
Producer Prices 102.20 102 103 103 103 103 Index Points [+]
Producer Prices Change -1.10 -0.37 -0.09 0.01 0.05 0.07 percent [+]
GDP Deflator 107.00 106 106 105 105 104 Index Points [+]
Food Inflation -0.20 -0.35 -0.51 -0.55 -0.57 -0.57 percent [+]
Consumer Price Index CPI 100.80 101 101 101 101 101 Index Points [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Imports 146675.60 142974 145388 142507 145214 142493 EUR Million [+]
Exports 147185.90 143795 144153 143780 143761 143845 EUR Million [+]
Balance of Trade 510.20 -232 -348 -245 180 -45 EUR Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt To GDP 85.20 84.07 84 83.93 83.87 83.76 percent [+]
Government Budget -2.40 -2.1 -2.1 -2.1 -2.87 -1.4 percent of GDP [+]
Government Debt 12477670.30 12536679 12507152 12477626 12448099 11506644 EUR Million [+]
Government Spending 716154.10 722935 725347 728026 730929 761505 EUR Million [+]
Government Spending To GDP 47.40 47.34 47.1 46.86 46.84 46.9 percent [+]
Asylum Applications 95920.00 82017 93142 95493 91994 92828 persons [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production Mom -0.70 -0.18 0 0.04 0.05 0.05 percent [+]
Manufacturing Production 1.30 1.46 1.45 1.31 1.19 0.92 percent [+]
Mining Production 3.90 1.08 1.25 1.21 1.19 1.22 percent [+]
Steel Production 14050.51 13224 14315 13429 14150 13441 Thousand Tonnes [+]
Industrial Production 1.20 2.1 2.49 2.8 3.09 2.15 percent [+]
Business Confidence 106.90 108 108 108 106 102 [+]
Capacity Utilization 81.80 81.68 81.77 81.61 81.37 80.43 percent [+]
Changes In Inventories 9838.70 9669 9565 9457 9393 9428 EUR Million [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Personal Savings 10.62 10.94 10.9 10.95 10.94 10.78 percent [+]
Retail Sales Mom 1.20 0.2 0.25 0.25 0.24 0.24 percent [+]
Retail Sales Yoy 3.50 2.66 2.8 2.81 2.81 2.81 percent [+]
Consumer Confidence -5.80 -5.58 -5.22 -5.1 -5.05 -5.03 [+]
Consumer Spending 1918891.60 1942753 1951490 1959529 1967033 2057784 EUR Million [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 105.42 107 107 107 107 104 Index Points [+]
Home Ownership Rate 69.50 68.79 68.66 68.53 68.4 66.84 percent [+]
Construction Output -0.20 0.99 0.43 0.34 0.48 0.48 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Personal Income Tax Rate 39.00 39.3 39.3 39.3 39 39 percent [+]
Sales Tax Rate 21.40 21.54 21.54 21.54 21.4 21.54 percent [+]
Corporate Tax Rate 22.50 22.8 22.8 22.8 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. 12/10/2016