Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.70 0.4 0.4 0.3 0.4 1 percent [+]
Unemployment Rate 4.20 4.2 4.2 4.3 4.5 5.1 percent [+]
Inflation Rate 0.40 0.5 0.4 0.6 0.7 2.5 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 21033.00 22000 18000 26400 23900 11400 EUR Million [+]
Government Debt to GDP 71.20 70.5 69.5 69.2 68.7 59.8 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 1.12 1.12 1.11 1.09 1.09 0.91 [+]
Stock Market 10338.00 9900 9800 9700 9700 8080 points [+]
Government Bond 10Y -0.12 -0.15 -0.22 -0.12 0.04 0.3 percent [+]
30 Year Bond Yield 0.38 0.84 0.84 0.85 0.86 0.98 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.70 0.4 0.4 0.3 0.4 1 percent [+]
GDP Annual Growth Rate 1.30 1.2 1.4 1.6 1.5 2.4 percent [+]
GDP 3355.77 3580 3610 3650 3680 4370 USD Billion [+]
GDP Constant Prices 702.68 705 706 708 711 741 EUR Billion [+]
Gross National Product 787.12 793 794 796 794 817 EUR Billion [+]
Gross Fixed Capital Formation 143.12 145 145 147 148 157 EUR Billion [+]
GDP per capita 45269.79 45600 45700 45800 45900 47200 USD [+]
GDP per capita PPP 44053.07 44800 44900 45100 45200 46600 USD [+]
GDP From Agriculture 3.61 5.12 4.31 4.31 4.31 5.64 EUR Billion [+]
GDP From Construction 27.02 33.3 31.21 31.2 31.2 42.36 EUR Billion [+]
GDP From Manufacturing 152.32 155 154 153 154 158 EUR Billion [+]
GDP From Public Administration 128.30 129 135 133 129 152 EUR Billion [+]
GDP From Services 101.16 110 110 103 109 115 EUR Billion [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 4.20 4.2 4.2 4.3 4.5 5.1 percent [+]
Employed Persons 43484.00 43500 43642 43706 43761 44000 Thousand [+]
Unemployed Persons 2614.20 2740 2730 2720 2720 3010 Thousand [+]
Unemployment Change -7.00 -7 -11 -3 -5 15 Thousand [+]
Long Term Unemployment Rate 1.70 2.1 2.1 2.2 2.3 2.7 percent [+]
Youth Unemployment Rate 7.20 7.1 6.9 7 7.2 8 percent [+]
Labour Costs 110.64 113 114 115 116 126 Index Points [+]
Productivity 103.50 105 105 105 105 113 Index Points [+]
Job Vacancies 664.87 657 669 652 644 599 Thousand [+]
Wages 3612.00 3630 3650 3650 3650 4009 EUR/Month [+]
Wages in Manufacturing 107.70 107 107 109 110 123 Index Points [+]
Wage Growth 2.60 2.6 2.8 2.7 2.9 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 81.20 81.36 81.39 81.39 81.39 82.31 Million [+]
Retirement Age Women 65.30 65.3 65.3 65.3 65.3 66 [+]
Retirement Age Men 65.30 65.3 65.3 65.3 65.3 66 [+]
Employment Change 0.40 0.4 0.4 0.5 0.5 0.2 percent [+]
Employment Rate 74.20 74.5 74.7 74.8 74.9 73.4 percent [+]
Full Time Employment 29025.90 29200 29300 29200 29700 30200 Thousand [+]
Part Time Employment 10765.60 10500 10500 10600 10600 11100 Thousand [+]
Labor Force Participation Rate 60.70 61 61.1 61.3 61.2 64 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 0.40 0.5 0.4 0.6 0.7 2.5 percent [+]
Inflation Rate Mom 0.30 0.2 0.3 0.4 0.3 0.8 percent [+]
Consumer Price Index CPI 107.30 109 110 110 112 123 Index Points [+]
Harmonised Consumer Prices 100.70 101 102 103 104 120 Index Points [+]
Core Consumer Prices 107.30 109 109 111 111 122 Index Points [+]
Core Inflation Rate 1.32 1.4 1.3 1.5 1.7 2.8 percent [+]
Producer Prices 102.10 103 104 105 106 114 Index Points [+]
Producer Prices Change -2.20 -1.6 -1 -0.6 -0.1 1.6 percent [+]
Export Prices 103.70 103 103 103 103 111 Index Points [+]
Import Prices 97.80 98.34 99 100 100 105 Index Points [+]
Food Inflation 0.10 0.6 0.9 1.2 1.3 2.5 percent [+]
Cpi Transportation 105.50 105 106 107 108 122 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.29 -0.35 -0.27 -0.24 -0.18 1.89 percent [+]
Money Supply M1 1839.60 1820 1840 1850 1860 2160 EUR Billion [+]
Money Supply M2 2680.90 2690 2740 2800 2820 3540 EUR Billion [+]
Money Supply M3 2722.40 2710 2850 2880 2980 4510 EUR Billion [+]
Banks Balance Sheet 7826003.00 8220000 8340000 8470000 8530000 10200000 EUR Million [+]
Foreign Exchange Reserves 184628.00 185279 183000 183000 183000 169000 EUR Million [+]
Loans to Private Sector 1314.17 1350 1380 1390 1400 1700 EUR Billion [+]
Central Bank Balance Sheet 1214.00 1590 1890 2100 2210 6680 EUR Billion [+]
Private Debt to GDP 152.71 156 156 157 158 164 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade 21033.00 22000 18000 26400 23900 11400 EUR Million [+]
Exports 97229.00 106000 90500 108000 106000 91300 EUR Million [+]
Imports 76196.00 82600 72500 81500 81700 79900 EUR Million [+]
Current Account 17500.00 24424 23854 23499 23299 15400 EUR Million [+]
External Debt 4678255.00 4740000 4870000 4970000 4870000 5790000 EUR Million [+]
Current Account to GDP 8.80 7.7 7.7 6.7 7.7 5.2 percent [+]
Foreign Direct Investment 5691.63 4489 4145 4058 4033 2130 EUR Million [+]
Capital Flows 4401.84 21800 23800 23800 23800 14800 EUR Million [+]
Gold Reserves 3380.98 3380 3380 3380 3380 3360 Tonnes [+]
Crude Oil Production 44.00 45 45.07 45.07 45.07 45.07 BBL/D/1K [+]
Weapons Sales 2049.00 1989 2041 2093 2084 1716 USD Million [+]
Terrorism Index 3.44 3.44 3.44 3.44 3.44 3.44 [+]
Tourist Arrivals 34970.00 35800 36300 36600 36900 41200 Thousand [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 71.20 70.5 69.5 69.2 68.7 59.8 percent [+]
Government Budget 0.70 0.2 0.2 0.4 0.4 1 percent of GDP [+]
Government Budget Value 2.60 17 15 14 15 22.1 EUR Billion [+]
Government Spending 134.61 136 137 138 138 147 EUR Billion [+]
Government Spending to GDP 43.90 44.2 44.4 44.6 44.5 43.5 percent [+]
Government Revenues 318.05 316 318 318 318 329 EUR Billion [+]
Government Debt 1811144.00 1830000 1850000 1850000 1850000 1910000 EUR Million [+]
Fiscal Expenditure 315.45 314 341 329 316 357 EUR Billion [+]
Asylum Applications 73025.00 62638 70758 73869 77441 17400 [+]
Military Expenditure 47045.50 46182 46822 47462 47737 49301 USD Million [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 108.30 108 106 106 106 104 [+]
Services PMI 54.60 54.6 55.1 55.6 56 53.28 Index Points [+]
Manufacturing PMI 53.70 53.5 54.1 54.4 54.8 53.9 [+]
Composite Pmi 55.30 54.6 53.9 53.7 54.1 53.1 Index Points [+]
Industrial Production -0.40 0.8 0.6 0.9 1 0.5 percent [+]
Industrial Production Mom -1.30 -0.7 0.8 -1 0.5 0.6 percent [+]
Manufacturing Production -0.50 0.9 1.2 1 1.4 2.3 percent [+]
Capacity Utilization 84.40 84.7 84.8 84.6 84.7 83.7 percent [+]
New Orders 110.50 111 111 109 110 113 Index Points [+]
Factory Orders 0.00 -0.8 -0.3 0.9 1.5 0.6 percent [+]
Changes in Inventories -9.73 -7.22 -6.2 -6.12 -5.84 -5.92 EUR Billion [+]
Bankruptcies 1882.00 1830 1890 1890 1890 1750 Companies [+]
Corporate Profits 182.56 184 187 189 191 235 EUR Billion [+]
Zew Economic Sentiment Index -6.80 5.1 22.5 26.4 29.6 25.3 [+]
Car Production 565000.00 541000 363000 518000 516000 373000 Units [+]
Car Registrations 339563.00 274000 249000 325000 317000 260000 Cars [+]
Competitiveness Index 5.53 5.53 5.53 5.58 5.58 5.87 Points [+]
Competitiveness Rank 4.00 4 4 4 4 3 [+]
Corruption Index 81.00 81 81 82 82 85 Points [+]
Corruption Rank 10.00 10 10 9 9 7 [+]
Ease of Doing Business 15.00 15 15 14 14 11 [+]
Mining Production -4.60 -3.8 -2.7 -1.5 -0.4 2.15 percent [+]
Steel Production 3692.35 3380 2990 3820 3780 3050 Thousand Tonnes [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence 10.00 9.9 10.1 9.8 9.5 8.5 [+]
Retail Sales MoM -0.10 0.7 0.5 -0.8 -0.4 0.2 percent [+]
Retail Sales YoY 2.70 2.1 2.8 2.5 2.2 1.4 percent [+]
Consumer Spending 388.04 390 391 392 394 400 EUR Billion [+]
Disposable Personal Income 457.75 461 463 465 468 518 EUR Billion [+]
Personal Savings 9.60 9.2 9 9.4 9 8 percent [+]
Consumer Credit 226636.00 233000 236000 240000 245000 298000 EUR Million [+]
Private Sector Credit 2693865.00 2700000 2700000 2710000 2710000 2820000 EUR Million [+]
Bank Lending Rate 2.59 2.5 2.62 2.74 2.81 3.56 percent [+]
Gasoline Prices 1.49 1.44 1.41 1.45 1.47 1.86 USD/Liter [+]
Households Debt To Gdp 53.60 53.5 53.2 52.9 52.7 49.5 percent of GDP [+]
Households Debt To Income 82.78 80.8 79.9 79.9 79.9 69.63 percent [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Construction Output -1.60 4.24 2.87 3.69 5.89 1.14 percent [+]
Housing Index 131.01 132 133 133 135 153 Index Points [+]
Building Permits 26857.00 24900 28300 27600 24300 32700 [+]
Construction Pmi 50.40 50.8 51.2 51.6 52.4 50.6 [+]
Construction Orders 17.00 14.2 10.6 8.5 4.9 2.7 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.5 52.5 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Corporate Tax Rate 29.65 29.65 29.65 29.65 29.65 29.65 percent [+]
Personal Income Tax Rate 47.50 47.5 47.5 47.5 47.5 47.5 percent [+]
Sales Tax Rate 19.00 19 19 19 19 19 percent [+]
Social Security Rate 39.56 39.56 39.56 39.56 39.56 39.56 percent [+]
Social Security Rate For Companies 19.33 19.33 19.33 19.33 19.33 19.33 percent [+]
Social Security Rate For Employees 20.23 20.23 20.23 20.23 20.23 20.23 percent [+]





Economic Forecasts for Germany 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 Germany economy. 7/30/2016