Germany | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 1.12 1.12 1.05 1.15 1.2 1.1 [+]
Government Bond 10Y 0.36 0.23 0.23 4 5 5 [+]
Stock Market 11454.38 12659 12633 15632 17454 21523 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 3634.82 3785 3793 5101 7248 11542 [+]
GDP Growth Rate 0.70 0.6 0.9 1.1 0.7 0.9 [+]
GDP Annual Growth Rate 1.60 1.5 1.8 2.15 2.05 2.1 [+]
GDP Constant Prices 685.90 687 688 710 760 850 [+]
Gross National Product 749.74 765 769 770 769 765 [+]
GDP per capita 38291.62 38754 38958 42380 49380 61380 [+]
Gross Fixed Capital Formation 136.71 138 139 142 148 156 [+]
GDP per capita PPP 42045.25 44105 44109 49120 57120 66120 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 4.70 4.8 4.8 5 5.5 6 [+]
Employed Persons 42730.00 42752 42753 45477 52491 61491 [+]
Unemployed Persons 2842.80 2973 2981 3200 3901 4501 [+]
Job Vacancies 542.00 525 527 567 593 622 [+]
Long Term Unemployment Rate 2.10 2 1.9 3.2 4.09 4.5 [+]
Youth Unemployment Rate 7.20 7.1 7 7.48 8.66 8.22 [+]
Productivity 103.90 104 103 108 112 120 [+]
Wages 3449.00 3532 3545 3800 4322 4979 [+]
Wages in Manufacturing 102.00 102 102 110 116 122 [+]
Labour Costs 108.13 108 109 111 115 122 [+]
Population 80.82 80.83 80.86 82.32 84.34 88.34 [+]
Retirement Age Women 65.17 65.17 65.17 65.19 66 67 [+]
Retirement Age Men 65.17 65.17 65.17 65.8 66 67 [+]
Minimum Wages 8.50 8.5 8.5 8.56 8.8 9.1 [+]
Unemployment Change -14.00 -17.63 -15.64 -3.69 0.69 0.69 [+]
Wage Growth 2.20 1.54 1.37 0.62 0.61 0.61 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 0.40 0.45 0.73 1.2 2.18 2.43 [+]
Inflation Rate Mom -0.10 0.3 0.49 0.2 0.9 0.9 [+]
Consumer Price Index CPI 106.90 107 107 111 117 122 [+]
Harmonised Consumer Prices 116.50 117 117 118 124 134 [+]
Producer Prices 104.40 104 104 106 110 120 [+]
Producer Prices Change -1.70 -1.5 -0.3 1.9 2.13 2.13 [+]
Export Prices 104.70 105 105 106 106 106 [+]
Import Prices 102.60 103 103 104 104 104 [+]
Food Inflation 0.18 0.63 0.71 1.15 1.48 1.48 [+]
Core Consumer Prices 106.10 105 105 109 113 122 [+]
Core Inflation Rate 1.24 1.11 1.21 1.29 1.36 1.37 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 0.05 0.05 0.05 1.5 2.5 3.25 [+]
Interbank Rate 0.01 0.07 0.11 0.85 4.81 4.51 [+]
Money Supply M1 1610.20 1643 1674 2266 3265 4839 [+]
Money Supply M2 2452.90 2483 2506 2982 3775 4998 [+]
Money Supply M3 2486.30 2521 2541 2568 2568 2568 [+]
Foreign Exchange Reserves 176921.64 179593 184401 189125 199915 221915 [+]
Loans to Private Sector 2610570.00 2625776 2637376 2686723 2742870 2865294 [+]
Banks Balance Sheet 8113719.00 8180894 8302808 9933728 18945562 28945570 [+]
Central Bank Balance Sheet 847.90 811 816 900 989 1990 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade 19515.32 14966 15437 14500 15564 16564 [+]
Exports 95692.92 91968 92131 93584 97465 103466 [+]
Imports 76500.00 76567 76683 79118 85901 91901 [+]
Current Account 16645.19 18370 19254 23508 2972 33787 [+]
Current Account to GDP 7.50 7.6 7.6 7.9 8.6 9.1 [+]
External Debt 4605224.00 4723968 4772266 4241950 4571391 4960307 [+]
Foreign Direct Investment -2337.00 2524 2795 2401 2701 3601 [+]
Remittances -863.00 -863 -863 -896 -851 -851 [+]
Capital Flows 33046.23 31621 38882 -3727 -3801 -3574 [+]
Gold Reserves 3384.19 3384 3384 3384 3384 3384 [+]
Crude Oil Production 46.00 46 46 29.64 28.7 28.81 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget 0.70 0.31 0.21 1.22 -1.77 -1.77 [+]
Government Debt to GDP 74.70 74.8 74.8 71.92 68.97 68.97 [+]
Government Budget Value 6.17 5.79 4.42 -8.77 -8.77 -8.77 [+]
Government Spending 128.98 129 129 134 140 148 [+]
Government Spending to GDP 44.30 45.35 45.35 47.36 47.36 47.36 [+]
Credit Rating 98.47 [+]
Government Debt 1826587.20 1799304 1786266 1626540 1560153 1551776 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 108.60 108 108 106 104 106 [+]
Manufacturing PMI 51.90 52.9 53.1 51.36 51.36 51.36 [+]
Services PMI 54.40 55.7 55.9 53.95 53.96 53.96 [+]
Industrial Production -0.30 1.2 1.3 1.57 1.57 1.57 [+]
Industrial Production Mom 0.20 0.12 0.3 0.27 0.27 0.27 [+]
Manufacturing Production -0.80 1.12 1.2 1.77 2.13 2.13 [+]
Capacity Utilization 84.60 84.76 84.86 84.44 84.54 84.5 [+]
Factory Orders -0.90 -0.97 1.38 1.06 1.06 1.06 [+]
New Orders 108.30 107 106 119 131 131 [+]
Changes in Inventories -11.48 -14.34 -14.35 -12.5 -12.48 -12.48 [+]
Bankruptcies 1739.00 1841 1891 1888 1888 1888 [+]
Corporate Profits 171.48 173 174 180 186 200 [+]
Zew Economic Sentiment Index 53.30 57.89 58.87 45.64 47.81 49.98 [+]
Car Registrations 323039.00 244660 253004 321085 431114 521114 [+]
Composite Pmi 54.20 54.06 55.8 53.6 53.6 53.6 [+]
Mining Production 8.24 -3.23 -5.62 -3.2 -3.2 -3.2 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 10.10 10.1 10.2 10.65 10.58 10.58 [+]
Retail Sales MoM -2.30 1.76 2.14 0.23 0.48 0.73 [+]
Retail Sales YoY 3.50 3.44 3.91 3.22 3.21 3.21 [+]
Consumer Spending 383.47 390 392 483 583 783 [+]
Disposable Personal Income 449.28 454 459 652 852 1252 [+]
Personal Savings 9.80 9.28 9.12 10.43 11.42 12.42 [+]
Consumer Credit 222441.00 223498 223537 233323 253323 293323 [+]
Bank Lending Rate 2.76 2.93 2.72 3.75 4.2 4.2 [+]
Gasoline Prices 1.60 1.51 1.63 1.9 2.05 2.05 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 120.03 149 153 168 178 188 [+]
Construction Output -8.10 -0.05 1.05 -0.99 -0.99 -0.99 [+]
Building Permits 18219.00 19467 20191 17925 17925 17925 [+]
Construction Orders 0.70 -1.1 -0.59 -0.86 -0.86 -0.86 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 29.60 29.6 29.6 29.54 29.54 29.54 [+]
Personal Income Tax Rate 47.50 47.5 47.5 48.5 50.32 50.32 [+]
Sales Tax Rate 19.00 19 19 21 23 23 [+]
Social Security Rate 39.70 39.9 39.9 40.02 40.02 40.02 [+]
Social Security Rate For Companies 19.28 20.23 20.23 19.76 19.76 19.76 [+]
Social Security Rate For Employees 20.18 18.98 18.98 19.76 20.27 20.27 [+]