Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.40 0.3 0.4 0.3 0.4 1 percent [+]
Unemployment Rate 4.20 4.2 4.2 4.3 4.5 5.1 percent [+]
Inflation Rate 0.40 0.5 0.4 0.6 0.7 2.5 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 24869.00 22000 18000 26400 23900 11400 EUR Million [+]
Government Debt to GDP 71.20 70.5 69.5 69.2 68.7 59.8 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 1.11 1.12 1.11 1.1 1.08 0.9 [+]
Stock Market 10608.00 10400 10300 10200 10100 8400 points [+]
Government Bond 10Y -0.07 -0.07 -0.12 -0.09 -0.05 0.5 percent [+]
30 Year Bond Yield 0.45 0.49 0.55 0.69 0.71 0.98 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.40 0.3 0.4 0.3 0.4 1 percent [+]
GDP Annual Growth Rate 3.10 1.7 1.4 1.6 1.5 2.4 percent [+]
GDP 3355.77 3580 3610 3650 3680 4370 USD Billion [+]
GDP Constant Prices 708.68 710 712 714 716 741 EUR Billion [+]
Gross National Product 803.16 793 794 796 798 817 EUR Billion [+]
Gross Fixed Capital Formation 140.47 145 145 147 148 157 EUR Billion [+]
GDP per capita 45269.79 45600 45700 45800 45900 47200 USD [+]
GDP per capita PPP 44053.07 44800 44900 45100 45200 46600 USD [+]
GDP From Agriculture 4.53 3.78 4.25 4.31 4.56 3.65 EUR Billion [+]
GDP From Construction 34.29 36.5 38.4 29.6 34.6 44.9 EUR Billion [+]
GDP From Manufacturing 164.19 155 163 161 166 161 EUR Billion [+]
GDP From Public Administration 125.87 131 133 135 137 150 EUR Billion [+]
GDP From Services 113.49 116 116 110 114 130 EUR Billion [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 4.20 4.2 4.2 4.3 4.5 5.1 percent [+]
Employed Persons 43484.00 43498 43640 43706 43761 44900 Thousand [+]
Unemployed Persons 2661.04 2740 2750 2760 2770 3010 Thousand [+]
Unemployment Change -7.00 -7 11 3 5 15 Thousand [+]
Long Term Unemployment Rate 1.70 2.1 2.1 2.2 2.3 2.7 percent [+]
Youth Unemployment Rate 7.20 7.1 6.9 7 7.2 8 percent [+]
Labour Costs 109.05 112 113 114 115 126 Index Points [+]
Productivity 102.40 104 104 105 105 113 Index Points [+]
Job Vacancies 673.89 657 669 652 644 599 Thousand [+]
Wages 3612.00 3630 3650 3680 3700 4010 EUR/Month [+]
Wages in Manufacturing 108.40 109 110 111 112 126 Index Points [+]
Wage Growth 2.60 2.6 2.8 2.7 2.9 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 82.18 82.36 82.42 82.47 82.54 83.31 Million [+]
Retirement Age Women 65.30 65.3 65.3 65.45 65.45 66 [+]
Retirement Age Men 65.30 65.3 65.3 65.3 65.45 66 [+]
Employment Change 0.40 0.4 0.4 0.5 0.5 0.2 percent [+]
Employment Rate 74.20 74.5 74.7 74.8 74.9 73.4 percent [+]
Full Time Employment 29025.90 29200 29300 29500 29700 30200 Thousand [+]
Part Time Employment 10765.60 10600 10600 10800 10900 11100 Thousand [+]
Labor Force Participation Rate 60.70 61 61.1 61.3 61.2 64 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 0.40 0.5 0.4 0.6 0.7 2.5 percent [+]
Inflation Rate Mom 0.00 0.2 0.3 0.4 0.3 0.8 percent [+]
Consumer Price Index CPI 107.60 109 110 111 112 126 Index Points [+]
Harmonised Consumer Prices 100.60 101 102 103 104 120 Index Points [+]
Core Consumer Prices 107.70 109 110 111 112 125 Index Points [+]
Core Inflation Rate 1.31 1.4 1.3 1.5 1.7 2.8 percent [+]
Producer Prices 102.30 103 104 105 106 116 Index Points [+]
Producer Prices Change -2.00 -1.6 -1 -0.6 -0.1 1.6 percent [+]
Export Prices 104.10 103 103 103 104 111 Index Points [+]
Import Prices 97.90 98.3 99 99.8 100 108 Index Points [+]
Food Inflation 1.00 0.9 1.1 1.2 1.3 2.5 percent [+]
Cpi Transportation 105.30 106 107 108 109 122 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.30 -0.35 -0.27 -0.24 -0.18 1.89 percent [+]
Money Supply M1 1841.30 1820 1840 1850 1860 2160 EUR Billion [+]
Money Supply M2 2693.10 2690 2740 2800 2820 3540 EUR Billion [+]
Money Supply M3 2734.20 2710 2850 2880 2980 4510 EUR Billion [+]
Banks Balance Sheet 7963808.00 8220000 8340000 8470000 8530000 10200000 EUR Million [+]
Foreign Exchange Reserves 186300.00 187263 183000 183000 183000 169000 EUR Million [+]
Loans to Private Sector 1328.59 1350 1380 1390 1400 1700 EUR Billion [+]
Central Bank Balance Sheet 1209.40 1590 1890 2100 2310 6680 EUR Billion [+]
Private Debt to GDP 152.71 151 151 149 148 132 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade 24869.00 22000 18000 26400 23900 11400 EUR Million [+]
Exports 106800.00 106000 90500 108000 106000 91300 EUR Million [+]
Imports 81967.00 82600 72500 81500 81700 79900 EUR Million [+]
Current Account 26300.00 24400 23800 23400 22200 15400 EUR Million [+]
External Debt 4678255.00 4740000 4870000 4970000 5060000 5790000 EUR Million [+]
Current Account to GDP 8.80 7.7 7.7 6.7 6.7 5.2 percent [+]
Foreign Direct Investment 16106.13 6041 4761 4453 4371 2130 EUR Million [+]
Capital Flows 17987.26 22800 21600 20500 21100 14800 EUR Million [+]
Gold Reserves 3380.98 3400 3400 3400 3400 3400 Tonnes [+]
Crude Oil Production 44.00 45 45 45 45 45 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 34970.00 35800 36300 36600 36900 41200 Thousand [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 71.20 70.5 69.5 69.2 68.7 59.8 percent [+]
Government Budget 0.70 0.2 0.2 0.5 0.5 1 percent of GDP [+]
Government Budget Value 10.21 6 13 -23 31 19 EUR Billion [+]
Government Spending 136.99 138 139 140 141 154 EUR Billion [+]
Government Spending to GDP 43.90 44.2 44.4 44.6 44.5 43.5 percent [+]
Government Revenues 349.06 328 359 311 343 391 EUR Billion [+]
Government Debt 1824563.00 1830000 1840000 1850000 1860000 1910000 EUR Million [+]
Fiscal Expenditure 338.85 322 346 334 312 372 EUR Billion [+]
Asylum Applications 73025.00 62637 70758 69869 65440 17400 [+]
Military Expenditure 47045.50 46182 46822 47462 47737 49301 USD Million [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 106.20 107 106 106 106 104 [+]
Services PMI 53.30 54.6 55.1 55.6 56 53.32 Index Points [+]
Manufacturing PMI 53.60 53.5 54.1 54.4 54.8 53.9 [+]
Composite Pmi 54.40 54.6 53.9 53.7 54.1 53.1 Index Points [+]
Industrial Production 0.50 0.8 0.6 0.9 1 0.5 percent [+]
Industrial Production Mom 0.80 -0.7 0.8 -1 0.5 0.6 percent [+]
Manufacturing Production 1.10 0.9 1.2 1 1.4 2.3 percent [+]
Capacity Utilization 84.70 84.7 84.8 84.6 84.7 83.7 percent [+]
New Orders 110.20 111 111 109 110 113 Index Points [+]
Factory Orders -0.40 -0.8 -0.3 0.9 1.5 0.6 percent [+]
Changes in Inventories -7.40 -5.93 -4.71 -3.7 -3.16 -3.02 EUR Billion [+]
Bankruptcies 1741.00 1830 1850 1890 1970 1750 Companies [+]
Corporate Profits 194.63 184 187 189 192 235 EUR Billion [+]
Zew Economic Sentiment Index 0.50 2.6 11.5 17.5 14.2 25.3 [+]
Car Production 410900.00 541000 363000 518000 516000 373000 Units [+]
Car Registrations 278866.00 274000 249000 325000 317000 260000 Cars [+]
Competitiveness Index 5.53 5.53 5.53 5.58 5.58 5.87 Points [+]
Competitiveness Rank 4.00 4 4 4 4 3 [+]
Corruption Index 81.00 81 81 82 82 85 Points [+]
Corruption Rank 10.00 10 10 9 9 7 [+]
Ease of Doing Business 15.00 15 15 14 14 11 [+]
Mining Production -5.20 -3.8 -2.7 -1.5 -0.4 2.15 percent [+]
Steel Production 3392.95 3380 2990 3820 3780 3050 Thousand Tonnes [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence 10.20 9.9 10.2 10.1 10.3 8.5 [+]
Retail Sales MoM 1.70 0.7 0.5 -0.8 -0.4 0.2 percent [+]
Retail Sales YoY -1.48 2.1 2.8 2.5 2.2 1.4 percent [+]
Consumer Spending 389.84 390 391 392 394 400 EUR Billion [+]
Disposable Personal Income 463.85 461 463 465 468 508 EUR Billion [+]
Personal Savings 9.70 9.2 9 9.4 9.1 8 percent [+]
Consumer Credit 228875.00 233000 236000 240000 245000 298000 EUR Million [+]
Private Sector Credit 2690669.00 2700000 2700000 2710000 2710000 2820000 EUR Million [+]
Bank Lending Rate 2.61 2.6 2.62 2.74 2.81 3.56 percent [+]
Gasoline Prices 1.47 1.44 1.41 1.45 1.47 1.86 USD/Liter [+]
Households Debt To Gdp 53.60 53.5 53.2 52.9 52.7 49.5 percent of GDP [+]
Households Debt To Income 82.78 80.8 79.9 79.5 78.4 69.6 percent [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Construction Output -0.30 4.2 2.8 3.6 5.8 1.1 percent [+]
Housing Index 132.39 132 133 134 135 153 Index Points [+]
Building Permits 29846.00 24900 28300 27600 24300 32700 [+]
Construction Pmi 51.60 50.8 51.2 51.6 52.4 51.6 [+]
Construction Orders 18.30 14.2 10.6 8.5 4.9 2.7 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.5 52.5 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Corporate Tax Rate 29.65 29.7 29.7 29.7 29.7 29.7 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 39.5 39.5 39.5 39.5 39.5 percent [+]
Social Security Rate For Companies 19.33 19.3 19.3 19.3 19.3 19.3 percent [+]
Social Security Rate For Employees 20.23 20.2 20.2 20.2 20.2 20.2 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. 9/1/2016