Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.30 0.3 0.4 0.5 0.5 1 percent [+]
Unemployment Rate 4.50 4.5 6.2 6.1 4.4 4.6 percent [+]
Inflation Rate 0.50 0.4 0.5 0.6 0.7 2.9 percent [+]
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.5 percent [+]
Balance of Trade 18800.00 21209 20834 20552 19846 20558 EUR Million [+]
Government Debt to GDP 71.60 71.6 71.2 70.5 69.5 59.8 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 1.13 1.06 1.04 1.03 1.02 1.28 [+]
Stock Market 8950.64 9560 9270 8970 8780 12200 points [+]
Government Bond 10Y 0.26 0.52 0.54 0.56 0.59 0.77 percent [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.30 0.3 0.4 0.5 0.5 1 percent [+]
GDP Annual Growth Rate 2.10 1.3 1.5 1.8 1.9 2.9 percent [+]
GDP 3868.29 3912 3935 3978 3988 4072 USD Billion [+]
GDP Constant Prices 698.04 705 709 714 707 741 EUR Billion [+]
Gross National Product 777.36 779 782 784 785 807 EUR Billion [+]
Gross Fixed Capital Formation 138.58 139 139 139 140 146 EUR Billion [+]
GDP per capita 39717.70 41265 41572 41721 41918 43718 USD [+]
GDP per capita PPP 43443.70 45113 45616 45791 45944 47844 USD [+]
GDP From Agriculture 3.61 3.55 3.22 5.12 4.31 5.64 EUR Billion [+]
GDP From Construction 34.29 26.37 30.37 33.3 30.78 38.54 EUR Billion [+]
GDP From Manufacturing 156.71 152 156 155 155 158 EUR Billion [+]
GDP From Public Administration 124.16 128 124 129 135 153 EUR Billion [+]
GDP From Services 108.78 102 106 111 110 115 EUR Billion [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 4.50 4.5 6.2 6.1 4.4 4.6 percent [+]
Employed Persons 43183.00 43273 43372 43406 43539 43917 Thousand [+]
Unemployed Persons 2920.40 2602 2592 2558 2901 2684 Thousand [+]
Unemployment Change -20.00 -10 -5 -7 -3 15 Thousand [+]
Long Term Unemployment Rate 1.90 2.1 2.1 2.1 2.1 2 percent [+]
Youth Unemployment Rate 7.00 7 7 6.9 6.9 6.5 percent [+]
Labour Costs 109.12 109 110 110 110 119 Index Points [+]
Productivity 101.30 104 104 104 105 113 Index Points [+]
Job Vacancies 580.80 612 615 618 620 599 Thousand [+]
Wages 3527.00 3540 3562 3583 3604 3957 EUR/Month [+]
Wages in Manufacturing 171.20 103 104 105 106 120 Index Points [+]
Wage Growth 2.40 3.1 3.2 3.4 3.6 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 81.17 81.28 81.33 81.39 81.41 81.79 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 0.23 0.21 0.21 0.2 0.18 percent [+]
Employment Rate 74.20 73.82 74.1 74.61 74.97 73.4 percent [+]
Full Time Employment 28750.90 28557 28459 28731 28842 28946 Thousand [+]
Part Time Employment 10474.80 10456 10539 10551 10513 10645 Thousand [+]
Labor Force Participation Rate 60.30 59.99 59.92 60.14 60.19 60.05 percent [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 0.50 0.4 0.5 0.6 0.7 2.9 percent [+]
Inflation Rate Mom -0.80 0.2 0.3 0.3 0.2 0.5 percent [+]
Consumer Price Index CPI 106.10 108 109 110 110 123 Index Points [+]
Harmonised Consumer Prices 115.40 117 118 118 119 133 Index Points [+]
Core Consumer Prices 106.30 107 108 108 109 122 Index Points [+]
Core Inflation Rate 1.34 1.3 1.4 1.6 1.8 2.8 percent [+]
Producer Prices 102.40 105 105 106 107 114 Index Points [+]
Producer Prices Change -2.30 -1.8 -1.5 -0.9 -0.4 1.6 percent [+]
Export Prices 104.10 104 105 103 103 111 Index Points [+]
Import Prices 97.90 96.74 96.41 96.32 96.29 105 Index Points [+]
Food Inflation 0.80 0.8 1 1.1 1.3 2.5 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.5 percent [+]
Interbank Rate -0.16 -0.16 -0.23 -0.35 -0.27 1.89 percent [+]
Money Supply M1 1766.20 1765 1763 1761 1760 1735 EUR Billion [+]
Money Supply M2 2602.80 2658 2693 2732 2792 3536 EUR Billion [+]
Money Supply M3 2644.00 2696 2743 2814 2889 4506 EUR Billion [+]
Foreign Exchange Reserves 159531.90 159709 159773 159781 166569 169422 EUR Million [+]
Banks Balance Sheet 7987563.00 8079175 8168420 8241764 8335265 10215167 EUR Million [+]
Loans to Private Sector 1309.05 1324 1354 1380 1399 1698 EUR Billion [+]
Central Bank Balance Sheet 1011.50 1075 1375 1882 2096 6676 EUR Billion [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade 18800.00 21209 20834 20552 19846 20558 EUR Million [+]
Exports 91900.00 100037 99977 99298 99406 99437 EUR Million [+]
Imports 73100.00 78944 78489 78352 78417 78409 EUR Million [+]
Current Account 25600.00 22366 21937 21756 21698 23402 EUR Million [+]
External Debt 4584243.00 4615005 4815363 4941021 5068263 5789391 EUR Million [+]
Current Account to GDP 8.80 6.7 6.7 6.7 6.7 5.7 percent [+]
Capital Flows 23901.83 23358 22843 21815 23811 14809 EUR Million [+]
Foreign Direct Investment 8279.00 3487 2807 2649 2592 2125 EUR Million [+]
Gold Reserves 3380.98 3382 3381 3381 3381 3355 Tonnes [+]
Crude Oil Production 43.00 45 45 45 45.45 45.45 BBL/D/1K [+]
Terrorism Index 3.44 3.44 3.44 3.44 3.44 3.44 [+]
Tourist Arrivals 32999.00 33036 33407 33777 34148 39261 Thousand [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 71.60 71.6 71.2 70.5 69.5 59.8 percent [+]
Government Budget 0.50 0.2 0.2 0.2 0.2 -1 percent of GDP [+]
Government Budget Value -8.20 7 3 2 8.35 2.14 EUR Billion [+]
Government Spending 133.30 132 135 136 136 145 EUR Billion [+]
Government Spending to GDP 43.90 44.04 45.35 43.95 43.91 43.96 percent [+]
Government Revenues 307.60 306 304 316 353 350 EUR Billion [+]
Government Debt 1810698.50 1836262 1839727 1844676 1849898 1885644 EUR Million [+]
Fiscal Expenditure 315.80 299 301 314 349 369 EUR Billion [+]
Asylum Applications 46725.00 58500 63017 60026 57671 527382 [+]
Credit Rating 99.32 [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 107.30 107 108 108 109 106 [+]
Services PMI 55.00 54.7 57.66 56.32 55.12 53.34 Index Points [+]
Manufacturing PMI 52.30 53.11 53.3 53.5 53.7 51.83 [+]
Composite Pmi 54.50 55.2 55.5 53.6 54.47 53.1 Index Points [+]
Industrial Production -2.20 1.8 1.7 1.6 1.5 0.5 percent [+]
Industrial Production Mom -1.20 0.2 0.4 -0.7 1 0.6 percent [+]
Manufacturing Production -2.60 1.22 1.5 1.6 1.8 16.42 percent [+]
Capacity Utilization 85.10 84.34 84.6 84.7 84.8 83.7 percent [+]
New Orders 110.10 111 111 111 111 113 Index Points [+]
Factory Orders -0.70 0.13 0.18 -0.78 0.99 1.65 percent [+]
Changes in Inventories -10.67 -7.24 -5.82 -5.36 -4.97 -5.01 EUR Billion [+]
Bankruptcies 1880.00 2115 1965 1927 1895 1746 Companies [+]
Corporate Profits 180.62 182 185 186 189 235 EUR Billion [+]
Zew Economic Sentiment Index 10.20 15.3 24.5 37.5 48.7 25.3 [+]
Car Production 413800.00 514121 511654 508685 502468 455908 Units [+]
Car Registrations 218365.00 248013 261036 257413 256438 256900 Cars [+]
Competitiveness Index 5.53 5.53 5.53 5.53 5.53 5.46 Points [+]
Competitiveness Rank 4.00 4 4 4 4 5.6 [+]
Corruption Index 81.00 79 79 79 79 82 Points [+]
Corruption Rank 10.00 12 12 12 12 9 [+]
Ease of Doing Business 15.00 15 15 15 15 12 [+]
Mining Production -16.70 -4.63 -3.12 -2.16 -1.77 2 percent [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence 9.40 9.3 9.6 9.9 10.3 8.55 [+]
Retail Sales MoM -0.20 0.6 0.4 0.7 0.5 0.1 percent [+]
Retail Sales YoY 1.50 2.3 2.5 2.1 2.8 1.4 percent [+]
Consumer Spending 384.17 387 389 390 392 399 EUR Billion [+]
Disposable Personal Income 453.78 456 458 460 462 504 EUR Billion [+]
Personal Savings 9.50 9.53 9.3 9.2 9 8 percent [+]
Consumer Credit 224617.00 225357 229357 232891 236315 297806 EUR Million [+]
Private Sector Credit 2659362.00 2668626 2670851 2689040 2694554 2822435 EUR Million [+]
Bank Lending Rate 2.63 2.43 2.67 2.47 2.82 3.56 percent [+]
Gasoline Prices 1.33 1.31 1.29 1.23 1.17 1.86 USD/Liter [+]
Households Debt To Gdp 53.80 53.35 53.31 53.18 53.13 52.62 percent of GDP [+]
Households Debt To Income 82.78 82.61 81.69 80.78 79.87 69.63 percent [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Construction Output 2.20 3.12 3.36 4.24 5.89 1.14 percent [+]
Housing Index 123.74 125 127 130 131 153 Index Points [+]
Building Permits 22642.00 24946 25375 26943 27267 22720 [+]
Construction Orders 18.60 3.58 2.68 4.57 5.82 0.65 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.5 52.5 percent [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 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 39.46 39.46 39.46 39.46 39.46 39.46 percent [+]
Social Security Rate For Companies 19.28 19.28 19.28 19.28 19.28 19.28 percent [+]
Social Security Rate For Employees 20.18 20.18 20.18 20.18 20.18 20.18 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. 2/14/2016