Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.70 0.4 0.6 0.5 0.5 1 percent [+]
Unemployment Rate 4.20 4.3 4.4 4.5 4.5 4.9 percent [+]
Inflation Rate 0.10 0.3 0.5 0.4 0.6 2.7 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 26000.00 20834 20552 19846 19846 15744 EUR Million [+]
Government Debt to GDP 71.20 71.2 70.5 69.5 69.5 59.8 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 1.11 1.12 1.11 1.09 1.08 1.6 [+]
Stock Market 10324.00 10100 9830 9520 9320 12900 points [+]
Government Bond 10Y 0.16 0.14 0.15 0.15 0.16 0.21 percent [+]
30 Year Bond Yield 0.82 0.84 0.84 0.85 0.86 1.23 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.70 0.4 0.6 0.5 0.5 1 percent [+]
GDP Annual Growth Rate 1.30 1.5 1.7 1.6 1.8 2.4 percent [+]
GDP 3868.29 3972 3976 3979 3981 4072 USD Billion [+]
GDP Constant Prices 702.68 709 714 715 715 741 EUR Billion [+]
Gross National Product 787.12 790 793 795 796 817 EUR Billion [+]
Gross Fixed Capital Formation 143.12 140 140 138 138 146 EUR Billion [+]
GDP per capita 39717.70 41572 41721 41918 41999 43718 USD [+]
GDP per capita PPP 43443.70 45616 45791 45844 45946 47844 USD [+]
GDP From Agriculture 3.61 3.22 5.12 4.31 4.31 5.64 EUR Billion [+]
GDP From Construction 27.02 30.37 33.3 31.21 31.2 42.36 EUR Billion [+]
GDP From Manufacturing 152.32 154 155 154 153 158 EUR Billion [+]
GDP From Public Administration 128.30 124 129 135 133 152 EUR Billion [+]
GDP From Services 101.16 106 110 110 103 115 EUR Billion [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 4.20 4.3 4.4 4.5 4.5 4.9 percent [+]
Employed Persons 43389.00 43372 43406 43748 43835 44017 Thousand [+]
Unemployed Persons 2743.90 2741 2738 2735 2731 3014 Thousand [+]
Unemployment Change -16.00 -5 -7 -3 -3 15 Thousand [+]
Long Term Unemployment Rate 2.00 2.1 2.1 2.1 2.1 2 percent [+]
Youth Unemployment Rate 6.90 6.9 6.9 6.8 6.8 7.3 percent [+]
Productivity 103.10 104 104 105 105 113 Index Points [+]
Labour Costs 110.64 112 113 114 114 125 Index Points [+]
Job Vacancies 640.10 615 618 620 620 599 Thousand [+]
Wages 3527.00 3592 3629 3647 3681 3957 EUR/Month [+]
Wages in Manufacturing 105.10 107 109 110 110 123 Index Points [+]
Wage Growth 2.10 2.4 2.6 2.8 3 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 81.20 81.33 81.36 81.39 81.42 81.95 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 0.30 0.3 0.4 0.4 0.5 1.3 percent [+]
Employment Rate 74.40 74.3 74.5 74.7 74.8 73.4 percent [+]
Full Time Employment 29089.10 29159 29201 29293 29370 29946 Thousand [+]
Part Time Employment 10513.30 10519 10521 10543 10559 10960 Thousand [+]
Labor Force Participation Rate 60.60 60.8 61 61.1 61.2 65 percent [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 0.10 0.3 0.5 0.4 0.6 2.7 percent [+]
Inflation Rate Mom 0.30 0.3 0.2 0.3 0.4 0.8 percent [+]
Consumer Price Index CPI 107.20 109 110 110 110 123 Index Points [+]
Harmonised Consumer Prices 100.20 102 103 104 105 120 Index Points [+]
Core Consumer Prices 106.90 108 108 109 109 122 Index Points [+]
Core Inflation Rate 1.13 1.3 1.5 1.7 1.8 2.8 percent [+]
Producer Prices 101.30 102 105 106 107 114 Index Points [+]
Producer Prices Change -3.10 -2.5 -1.7 -1.1 -0.4 1.6 percent [+]
Export Prices 103.50 104 104 104 103 111 Index Points [+]
Import Prices 96.40 96.24 96.22 96.21 96.2 105 Index Points [+]
Food Inflation 0.50 1 1.1 1.3 1.3 2.5 percent [+]
Cpi Transportation 103.80 104 105 106 104 104 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.25 -0.23 -0.35 -0.27 -0.21 1.89 percent [+]
Money Supply M1 1793.10 1812 1824 1829 1837 2163 EUR Billion [+]
Money Supply M2 2657.80 2698 2732 2792 2812 3536 EUR Billion [+]
Money Supply M3 2699.80 2743 2814 2889 2909 4506 EUR Billion [+]
Foreign Exchange Reserves 175738.00 176704 178210 182569 166569 169422 EUR Million [+]
Banks Balance Sheet 7826003.00 8118420 8221764 8335265 8478632 10215167 EUR Million [+]
Loans to Private Sector 1314.17 1344 1350 1379 1395 1698 EUR Billion [+]
Central Bank Balance Sheet 1112.70 1375 1882 2096 2096 6676 EUR Billion [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 26000.00 20834 20552 19846 19846 15744 EUR Million [+]
Exports 106950.00 98195 98180 99021 98780 98782 EUR Million [+]
Imports 80922.00 78391 78464 78576 78537 78542 EUR Million [+]
Current Account 30400.00 24424 23854 23499 23299 16364 EUR Million [+]
External Debt 4515636.00 4615363 4741021 4868263 5068263 5789391 EUR Million [+]
Current Account to GDP 8.80 7.7 7.7 7.7 7.2 5.7 percent [+]
Capital Flows 20201.77 22843 21815 23811 23811 14809 EUR Million [+]
Foreign Direct Investment 18109.14 6000 4455 4114 4031 2125 EUR Million [+]
Gold Reserves 3380.98 3381 3381 3381 3381 3356 Tonnes [+]
Crude Oil Production 44.00 45 45 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 32999.00 32900 33178 33456 33525 31781 Thousand [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 71.20 71.2 70.5 69.5 69.5 59.8 percent [+]
Government Budget 0.70 0.2 0.2 0.2 0.1 1 percent of GDP [+]
Government Budget Value 2.60 13 17 15 12 22.1 EUR Billion [+]
Government Spending 134.61 135 136 137 138 147 EUR Billion [+]
Government Spending to GDP 43.90 44.1 44.2 44.4 44.3 43 percent [+]
Government Revenues 318.05 304 316 318 318 329 EUR Billion [+]
Government Debt 1811144.00 1829727 1834676 1849898 1850786 1905644 EUR Million [+]
Fiscal Expenditure 315.45 301 314 341 329 356 EUR Billion [+]
Asylum Applications 59670.00 56833 76800 82364 88560 17382 [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 107.70 108 108 109 109 106 [+]
Services PMI 55.20 54.2 54.6 55.1 55.12 53.31 Index Points [+]
Manufacturing PMI 52.40 53.3 53.5 53.7 53.7 53.85 [+]
Composite Pmi 54.70 55.5 54.6 53.9 53.47 53.1 Index Points [+]
Industrial Production 0.30 1.2 0.8 1.4 1.5 0.5 percent [+]
Industrial Production Mom -1.30 0.4 -0.7 1 -0.4 0.6 percent [+]
Manufacturing Production 0.70 1.1 0.9 1.6 1.5 2.3 percent [+]
Capacity Utilization 84.40 84.6 84.7 84.8 84.8 83.7 percent [+]
New Orders 111.80 112 112 112 112 113 Index Points [+]
Factory Orders 1.90 0.48 -0.78 0.99 -0.35 1.65 percent [+]
Changes in Inventories -9.73 -7.52 -7.22 -6.2 -6.12 -5.92 EUR Billion [+]
Bankruptcies 1842.00 1863 1827 1888 1865 1725 Companies [+]
Corporate Profits 182.56 183 184 187 189 235 EUR Billion [+]
Zew Economic Sentiment Index 6.40 4.5 10.1 29.5 41.1 25.3 [+]
Car Production 546500.00 511654 508685 502468 502468 463378 Units [+]
Car Registrations 315921.00 282228 261493 267314 268012 267297 Cars [+]
Competitiveness Index 5.53 5.53 5.53 5.53 5.58 5.87 Points [+]
Competitiveness Rank 4.00 4 4 4 4 3 [+]
Corruption Index 81.00 81 81 81 82 85 Points [+]
Corruption Rank 10.00 10 10 10 11 8 [+]
Ease of Doing Business 15.00 15 15 15 14 11 [+]
Mining Production -18.80 -14.12 -12.16 -9.77 -7.65 2.15 percent [+]
Steel Production 3556.00 3523 3610 3590 3593 3593 Thousand Tonnes [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence 9.80 9.6 9.9 10.3 10.2 8.55 [+]
Retail Sales MoM -1.10 0.4 0.7 0.5 -0.8 0.2 percent [+]
Retail Sales YoY 0.70 2.5 2.1 2.8 2.8 1.4 percent [+]
Consumer Spending 388.04 389 390 392 392 400 EUR Billion [+]
Disposable Personal Income 457.75 460 461 463 462 504 EUR Billion [+]
Personal Savings 9.60 9.3 9.2 9 9 8 percent [+]
Consumer Credit 226636.00 229357 232891 236315 236315 297806 EUR Million [+]
Private Sector Credit 2672815.00 2680851 2699040 2704554 2714569 2822435 EUR Million [+]
Bank Lending Rate 2.67 2.67 2.69 2.82 2.82 3.56 percent [+]
Gasoline Prices 1.41 1.43 1.45 1.47 1.44 1.86 USD/Liter [+]
Households Debt To Gdp 53.80 53.6 53.5 53.5 53.4 52.4 percent of GDP [+]
Households Debt To Income 82.78 81.7 80.8 79.9 79.3 69.6 percent [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Construction Output 5.80 3.36 4.24 5.89 6.12 1.14 percent [+]
Housing Index 127.19 129 132 133 133 153 Index Points [+]
Building Permits 26211.00 25375 26943 27267 27267 22720 [+]
Construction Orders 14.90 12.68 14.57 15.82 9.11 0.65 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.5 52.5 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 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. 5/31/2016