Germany | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 1.11 1.1 1.05 1.02 1 1.25 [+]
Government Bond 10Y 0.84 0.98 1 0.73 0.84 4 [+]
Stock Market 11058.39 11633 12251 11003 10948 16632 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 3634.82 3584 3704 3705 3705 4187 [+]
GDP Growth Rate 0.30 0.5 0.5 0.27 0.28 0.9 [+]
GDP Annual Growth Rate 1.10 1.3 1.5 1.2 1.1 2.15 [+]
GDP Constant Prices 687.77 692 694 689 689 721 [+]
Gross National Product 766.70 778 783 787 792 847 [+]
GDP per capita 38291.62 38658 38762 38765 38772 42380 [+]
Gross Fixed Capital Formation 138.17 139 140 139 139 144 [+]
GDP per capita PPP 42045.25 44109 44111 44113 44116 49120 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 4.70 4.6 4.5 4.4 4.5 5 [+]
Employed Persons 42761.00 42773 42783 42789 42794 45477 [+]
Unemployed Persons 2711.20 2981 2962 2791 2748 2800 [+]
Job Vacancies 556.80 527 533 522 516 567 [+]
Long Term Unemployment Rate 2.10 2 1.9 1.8 1.9 3.2 [+]
Youth Unemployment Rate 7.10 7 6.9 6.8 6.9 7.48 [+]
Productivity 102.40 103 104 104 104 108 [+]
Wages 3449.00 3507 3522 3539 3555 3800 [+]
Wages in Manufacturing 103.90 103 142 103 100 110 [+]
Labour Costs 108.64 109 109 109 109 113 [+]
Population 81.08 81.12 81.16 80.6 81.22 82.32 [+]
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 [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.8 [+]
Unemployment Change -1.00 -5 5 10 15 0.03 [+]
Wage Growth 2.50 1.2 1.3 0.32 0.09 0.98 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 0.30 0.73 0.91 1.44 1.6 1.2 [+]
Inflation Rate Mom -0.10 0.3 0.5 0.16 0.16 0.5 [+]
Consumer Price Index CPI 107.00 107 107 108 108 113 [+]
Harmonised Consumer Prices 116.40 117 117 116 116 122 [+]
Producer Prices 104.50 105 105 105 105 110 [+]
Producer Prices Change -1.30 -0.4 0.2 0.5 0.9 1.9 [+]
Export Prices 105.40 105 105 105 105 113 [+]
Import Prices 103.00 103 103 103 103 110 [+]
Food Inflation 1.43 0.71 0.91 0.8 0.7 1.15 [+]
Core Consumer Prices 105.90 106 107 107 107 110 [+]
Core Inflation Rate 1.44 1.6 1.5 1.4 1.4 1.4 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 0.05 0.12 0.05 0.05 0.07 1.5 [+]
Interbank Rate -0.01 0.11 0.18 -0.03 0.22 -0.04 [+]
Money Supply M1 1645.10 1690 1711 1752 1783 2317 [+]
Money Supply M2 2506.90 2508 2526 2590 2615 3052 [+]
Money Supply M3 2539.20 2534 2568 2612 2633 3521 [+]
Foreign Exchange Reserves 173841.96 173101 171972 170773 169568 189125 [+]
Loans to Private Sector 1305.93 1343 1369 1309 1310 1496 [+]
Banks Balance Sheet 8113719.00 8302740 8356430 8416497 8461883 9933728 [+]
Central Bank Balance Sheet 860.30 863 868 875 882 1286 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade 22100.00 15437 15399 19095 18920 14500 [+]
Exports 100448.00 92131 92495 98247 98241 100556 [+]
Imports 78300.00 76683 76752 78060 77998 79118 [+]
Current Account 19600.00 19254 19488 22527 22487 20301 [+]
Current Account to GDP 7.60 7.6 7.6 7.19 7.04 7.9 [+]
External Debt 4605224.00 4709352 4632294 4638596 4589961 4657006 [+]
Foreign Direct Investment -3504.00 2795 2863 2257 2154 2401 [+]
Remittances -881.00 -863 -863 -922 -898 -896 [+]
Capital Flows 31900.00 38882 38908 13260 11389 -3727 [+]
Gold Reserves 3383.41 3384 3384 3378 3377 3384 [+]
Crude Oil Production 46.00 46 46 46.37 46.37 46 [+]
Tourist Arrivals 32999.00 33178 33456 33525 33594 31781 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget 0.70 0.21 0.2 -1.86 -2.43 -1.1 [+]
Government Debt to GDP 74.70 74.8 74.8 75.52 75.32 71.92 [+]
Government Budget Value -2.74 2.76 -2.76 1.78 -2.82 -8.77 [+]
Government Spending 130.02 129 130 130 129 134 [+]
Government Spending to GDP 44.30 45.35 45.35 44.19 45.35 45.54 [+]
Credit Rating 98.47 [+]
Government Debt 1826587.20 1770042 1751198 1733880 1718134 1601984 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 107.40 108 109 105 104 104 [+]
Manufacturing PMI 51.90 53.1 53.4 51.82 51.81 50.65 [+]
Services PMI 53.80 55.9 56.2 54.17 54.29 52.79 [+]
Industrial Production 1.40 0.8 0.7 1.27 1.24 1.17 [+]
Industrial Production Mom 0.90 0.3 0.5 0 -0.02 0.2 [+]
Manufacturing Production 1.30 1.2 2.1 3.09 3.15 1.51 [+]
Capacity Utilization 84.40 84.4 84.4 83.78 84.4 83.43 [+]
Factory Orders 1.40 1.38 1.07 0.84 0.16 0.53 [+]
New Orders 110.90 109 110 109 109 119 [+]
Changes in Inventories -9.83 -6.33 -6.03 -5.38 -5.12 -5 [+]
Bankruptcies 2097.00 1952 1944 1943 1942 1923 [+]
Corporate Profits 187.04 199 206 206 214 252 [+]
Zew Economic Sentiment Index 31.50 58.87 59.52 19.19 29.06 24.93 [+]
Car Registrations 313600.00 253004 262867 267303 264981 321085 [+]
Competitiveness Index 5.48 5.48 5.46 5.46 5.46 5.45 [+]
Competitiveness Rank 5.00 5 6.01 6.01 6.01 5.78 [+]
Composite Pmi 53.70 55.8 56.96 53.7 53.67 53.74 [+]
Corruption Index 79.00 79 79 79.29 79 79.07 [+]
Corruption Rank 12.00 12 12 12 12 14.8 [+]
Ease of Doing Business 14.00 -9.59 14 -15 14 17.57 [+]
Mining Production -0.36 -5.62 2.15 -2.69 -2.94 -1.51 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 10.10 9.8 10.1 8.75 9.24 7.65 [+]
Retail Sales MoM 0.50 0.12 2.3 0.2 0.2 0.1 [+]
Retail Sales YoY -0.40 1.98 1.74 1.73 1.82 1.22 [+]
Consumer Spending 385.50 388 392 389 390 453 [+]
Disposable Personal Income 449.30 459 462 459 461 592 [+]
Personal Savings 9.40 9.2 9.3 9.44 9.45 10.12 [+]
Consumer Credit 221850.00 223537 223630 220997 223891 253323 [+]
Bank Lending Rate 2.58 2.51 2.35 2.43 2.67 3.75 [+]
Gasoline Prices 1.67 1.69 1.71 1.75 1.78 1.9 [+]
Private Sector Credit 2620076.00 2631552 2637272 2627860 2627379 2753676 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 120.68 127 129 123 130 149 [+]
Construction Output 1.70 1.05 1.15 1.12 1.2 0.6 [+]
Building Permits 21099.00 20191 20203 18344 17897 17361 [+]
Construction Orders -6.10 0.59 1.39 -1.28 0.29 -0.95 [+]
Home Ownership Rate 52.60 52.6 52.6 52.6 52.6 53.16 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 29.65 39.79 39.79 39.79 39.79 39.78 [+]
Personal Income Tax Rate 47.50 47.74 47.74 47.79 47.85 50.32 [+]
Sales Tax Rate 19.00 17.61 17.61 17.61 17.61 17.69 [+]
Social Security Rate 39.46 39.46 39.46 39.25 39.46 39.99 [+]
Social Security Rate For Companies 19.28 19.28 19.28 19.19 19.28 19.73 [+]
Social Security Rate For Employees 20.18 20.18 20.18 20.18 20.18 20.26 [+]



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. 7/4/2015