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 700243.90 699311 699119 697416 695940 694927 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 19969.00 19684 19330 19065 18852 18102 Thousand [+]
Long Term Unemployment Rate 3.80 3.75 3.62 3.54 3.52 3.06 percent [+]
Labour Costs 111.50 105 111 105 111 111 Index Points [+]
Unemployment Rate 8.10 8 7.9 7.8 7.6 6.2 percent [+]
Wage Growth 1.70 1.79 1.85 1.76 1.8 1.75 percent [+]
Youth Unemployment Rate 17.70 17.08 16.35 15.79 15.35 13.8 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 106.90 103 105 104 107 107 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 100.54 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.90 0.9 0.91 0.92 0.93 0.94 percent [+]
Inflation Rate 1.90 0.9 1 1.1 1.4 2.2 percent [+]
Inflation Rate Mom 0.30 0.21 0.02 0.04 0.05 0.05 percent [+]
Producer Prices 105.10 105 106 107 108 116 Index Points [+]
Producer Prices Change 4.30 2.6 2.8 2.7 2.5 2.6 percent [+]
GDP Deflator 107.06 107 107 106 106 106 Index Points [+]
Food Inflation 2.50 2.93 3.47 3.63 3.68 3.7 percent [+]
Consumer Price Index CPI 100.96 101 101 101 101 101 Index Points [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Imports 157440.40 152399 150693 154293 151340 151453 EUR Million [+]
Exports 141200.00 154011 149675 150856 150751 150929 EUR Million [+]
Balance of Trade -16240.40 2773 -5210 2587 3584 1597 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 721502.50 723979 725537 727387 729484 749052 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 0.50 -0.12 0.03 0.07 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 1.30 2.32 2.07 1.98 1.95 1.92 percent [+]
Business Confidence 108.90 109 108 107 105 102 [+]
Capacity Utilization 82.10 81.78 82.11 81.93 81.66 80.48 percent [+]
Changes In Inventories 8317.50 11955 11135 11443 10662 9600 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 0.10 -0.02 0.16 0.16 0.15 0.15 percent [+]
Retail Sales Yoy 1.50 2.26 2.22 2.3 2.32 2.31 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 1941398.30 1948480 1957102 1963799 1970424 2018824 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 -3.30 0.26 -0.03 -0.11 -0.11 -0.11 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. 3/24/2017