Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.4 0.4 0.5 0.5 0.8 percent [+]
Unemployment Rate 3.80 5.9 4 4 4.1 5.1 percent [+]
Inflation Rate 2.20 2.4 2.2 2.1 2.3 2.4 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 14800.00 26400 23900 23100 23200 11400 EUR Million [+]
Government Debt to GDP 71.20 69.2 68.7 67.8 66.8 59.8 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 12203.00 11900 11800 11700 11500 9640 points [+]
Government Bond 10Y 0.34 0.29 0.3 0.3 0.3 0.35 percent [+]
30 Year Bond Yield 1.13 0.93 0.94 0.95 0.95 1.09 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.4 0.4 0.5 0.5 0.8 percent [+]
GDP Annual Growth Rate 1.20 1.8 1.7 1.9 1.7 2.3 percent [+]
GDP 3363.45 3650 3680 3720 3890 4370 USD Billion [+]
GDP Constant Prices 713.11 714 716 718 720 741 EUR Billion [+]
Gross National Product 805.76 802 804 806 808 821 EUR Billion [+]
Gross Fixed Capital Formation 141.56 142 144 146 149 157 EUR Billion [+]
GDP per capita 45408.31 45800 45900 46003 46200 47200 USD [+]
GDP per capita PPP 44187.86 45100 45200 45400 45600 46600 USD [+]
GDP From Agriculture 4.65 4.31 4.56 4.62 4.16 3.65 EUR Billion [+]
GDP From Construction 38.35 29.6 34.6 37.9 40.8 44.9 EUR Billion [+]
GDP From Manufacturing 157.69 161 162 163 164 170 EUR Billion [+]
GDP From Public Administration 135.28 135 137 138 140 150 EUR Billion [+]
GDP From Services 113.06 114 116 118 120 130 EUR Billion [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.80 5.9 4 4 4.1 5.1 percent [+]
Employed Persons 43874.00 43496 43521 44580 43596 44900 Thousand [+]
Unemployed Persons 2762.10 2760 2770 2780 2800 3010 Thousand [+]
Unemployment Change -14.00 5 5 10 5 15 Thousand [+]
Long Term Unemployment Rate 1.70 2.2 2.3 2.4 2.5 2.7 percent [+]
Youth Unemployment Rate 6.50 6.5 6.6 6.7 6.8 7.8 percent [+]
Labour Costs 111.17 113 115 116 118 126 Index Points [+]
Productivity 106.00 105 105 106 107 113 Index Points [+]
Job Vacancies 674.66 652 644 638 623 599 Thousand [+]
Wages 3716.00 3750 3790 3820 3860 4110 EUR/Month [+]
Wages in Manufacturing 108.40 111 112 117 114 126 Index Points [+]
Wage Growth 1.10 2.2 2.5 2.6 2.9 3 percent [+]
Minimum Wages 8.84 8.84 8.84 8.84 8.84 10.5 EUR/Hour [+]
Population 82.18 82.47 82.54 82.66 82.88 83.31 Million [+]
Retirement Age Women 65.42 65.42 65.42 65.42 65.42 66 [+]
Retirement Age Men 65.42 65.42 65.42 65.42 65.42 66 [+]
Employment Change 0.10 0.3 0.4 0.5 0.4 0.2 percent [+]
Employment Rate 75.00 75 75.1 75.2 75.4 73.4 percent [+]
Full Time Employment 29797.80 29500 29700 29800 29900 30200 Thousand [+]
Part Time Employment 10757.00 10800 10900 11000 11100 11500 Thousand [+]
Living Wage Family 1428.30 1390 1401 1398 1399 1399 EUR/Month [+]
Living Wage Individual 1145.70 1124 1130 1128 1129 1129 EUR/Month [+]
Labor Force Participation Rate 61.20 60.9 61.1 61.2 61.4 64 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.20 2.4 2.2 2.1 2.3 2.4 percent [+]
Inflation Rate Mom 0.60 -0.3 0.3 0.4 0.5 0.8 percent [+]
Consumer Price Index CPI 108.80 110 111 113 115 126 Index Points [+]
Harmonised Consumer Prices 101.70 103 104 105 107 120 Index Points [+]
Core Consumer Prices 108.80 110 112 114 116 125 Index Points [+]
Core Inflation Rate 1.69 1.6 1.7 1.9 2.1 2.8 percent [+]
Producer Prices 104.30 106 108 110 112 127 Index Points [+]
Producer Prices Change 3.10 1.2 1.5 1.9 1.7 1.6 percent [+]
Export Prices 105.80 103 104 104 105 111 Index Points [+]
Import Prices 102.90 99.8 100 101 101 108 Index Points [+]
Food Inflation 4.10 2.5 2.6 2.4 2.2 2.5 percent [+]
Cpi Transportation 107.60 108 109 110 111 122 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.24 -0.32 -0.08 0.15 1.89 percent [+]
Money Supply M1 1928.90 1950 2020 2070 2100 2400 EUR Billion [+]
Money Supply M2 2784.60 2800 2840 2880 2910 3540 EUR Billion [+]
Money Supply M3 2828.00 2880 2980 3020 3140 4510 EUR Billion [+]
Banks Balance Sheet 7933711.00 8170000 8230000 8450000 8620000 10200000 EUR Million [+]
Foreign Exchange Reserves 184666.00 172000 172000 171000 170000 181000 EUR Million [+]
Loans to Private Sector 1347.49 1390 1400 1410 1420 1700 EUR Billion [+]
Central Bank Balance Sheet 1449.70 1900 2200 2410 2690 6680 EUR Billion [+]
Private Debt to GDP 149.75 149 148 146 144 132 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 14800.00 26400 23900 23100 23200 11400 EUR Million [+]
Exports 98871.00 108000 106000 106400 106300 91300 EUR Million [+]
Imports 84048.00 81500 81700 83300 74700 79900 EUR Million [+]
Current Account 12800.00 23400 22200 21263 19400 15400 EUR Million [+]
External Debt 4774547.00 4970000 5060000 5150000 5290000 5790000 EUR Million [+]
Current Account to GDP 8.80 6.7 6.7 6.7 6.7 5.2 percent [+]
Foreign Direct Investment -7642.92 2273 3261 3500 3460 2130 EUR Million [+]
Capital Flows 18937.19 20500 21100 21500 19000 14800 EUR Million [+]
Gold Reserves 3377.94 3400 3400 3400 3400 3400 Tonnes [+]
Crude Oil Production 48.00 48 48 48 48 48 BBL/D/1K [+]
Terrorism Index 4.31 4.31 4.31 4.31 4.31 4.31 [+]
Tourist Arrivals 34970.00 36200 36200 36200 36200 41100 Thousand [+]
Weapons Sales 2049.00 1989 2041 2093 2084 1716 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 71.20 69.2 68.7 67.8 66.8 59.8 percent [+]
Government Budget 0.80 0.5 0.5 0.5 0.5 1 percent of GDP [+]
Government Budget Value -5.10 -11 31 3 16 9 EUR Billion [+]
Government Spending 139.03 140 141 142 143 152 EUR Billion [+]
Government Spending to GDP 43.90 44.6 44.5 44.4 44.2 43.5 percent [+]
Government Revenues 325.30 311 343 339 367 391 EUR Billion [+]
Government Debt 1803768.30 1840000 1850000 1870000 1880000 1910000 EUR Million [+]
Fiscal Expenditure 330.40 322 312 336 351 382 EUR Billion [+]
Asylum Applications 18965.00 69869 65440 72930 45600 17400 [+]
Military Expenditure 47045.50 46182 46822 47462 47737 49301 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 112.30 111 108 106 106 104 [+]
Manufacturing PMI 58.30 58.3 53.8 52.2 51.8 53.9 [+]
Services PMI 55.60 55.6 52.2 51.1 51.4 53.3 Index Points [+]
Composite Pmi 57.00 57 54.1 53 52.9 53.1 Index Points [+]
Industrial Production 0.00 0.9 1 -0.6 1.3 0.5 percent [+]
Industrial Production Mom 2.80 -1 0.5 -0.9 0.8 0.6 percent [+]
Manufacturing Production 0.60 1 1.4 -0.65 2.2 2.3 percent [+]
Capacity Utilization 86.00 84.6 84.7 84.8 84.9 83.7 percent [+]
New Orders 109.60 109 108 106 104 113 Index Points [+]
Factory Orders -7.40 0.9 1.5 0.7 0.5 0.6 percent [+]
Changes in Inventories -3.57 -2.88 -2.43 -2.46 -2.52 -2.8 EUR Billion [+]
Bankruptcies 1740.00 1890 1970 1810 1870 1750 Companies [+]
Corporate Profits 183.83 185 187 193 197 235 EUR Billion [+]
Zew Economic Sentiment Index 12.80 11.9 12.2 8.6 9 25.3 [+]
Car Production 492100.00 518000 516000 535000 366000 373000 Units [+]
Car Registrations 243602.00 325000 317000 302000 252000 260000 Cars [+]
Competitiveness Index 5.57 5.57 5.57 5.57 5.57 5.87 Points [+]
Competitiveness Rank 5.00 4 5 5 5 3 [+]
Corruption Index 81.00 82 82 82 82 85 Points [+]
Corruption Rank 10.00 9 9 9 9 7 [+]
Ease of Doing Business 17.00 16 16 16 16 13 [+]
Steel Production 3452.90 3820 3780 3270 3000 3050 Thousand Tonnes [+]
Mining Production 0.60 -1.5 -0.4 0.1 0.2 1.9 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 9.80 10.1 9.2 8.7 8.9 9 [+]
Retail Sales MoM -0.80 -0.8 -0.4 -1 0.7 0.2 percent [+]
Retail Sales YoY 2.30 1 0.8 1 1.6 1.4 percent [+]
Consumer Spending 393.75 394 395 396 397 400 EUR Billion [+]
Disposable Personal Income 470.58 467 469 472 476 508 EUR Billion [+]
Personal Savings 9.90 9.8 9.9 11 9.8 8 percent [+]
Consumer Credit 231154.00 240000 245000 236029 257000 298000 EUR Million [+]
Private Sector Credit 2743876.00 2740000 2740000 2750000 2750000 2820000 EUR Million [+]
Bank Lending Rate 2.42 2.74 2.81 2.86 2.96 3.56 percent [+]
Gasoline Prices 1.46 1.45 1.47 1.37 1.53 1.86 USD/Liter [+]
Households Debt To Gdp 53.50 52.9 52.7 52.5 52.1 49.5 percent of GDP [+]
Households Debt To Income 82.22 79.5 78.4 77.4 75.9 69.6 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output -5.70 1.8 2.2 2.8 2.5 1.1 percent [+]
Housing Index 136.49 137 138 139 140 155 Index Points [+]
Building Permits 31125.00 27600 24300 23400 23600 32700 [+]
Construction Pmi 54.10 51.6 52.4 52.2 52 51.6 [+]
Construction Orders 4.30 8.5 4.9 4.5 4.1 2.7 percent [+]
Home Ownership Rate 51.90 51.6 51.6 51.6 51.6 51 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 29.72 29.72 29.72 29.72 29.72 29.72 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 39.76 39.76 39.76 39.76 39.76 39.76 percent [+]
Social Security Rate For Companies 19.33 19.33 19.33 19.33 19.33 19.33 percent [+]
Social Security Rate For Employees 20.43 20.43 20.43 20.43 20.43 20.43 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. 3/29/2017