Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.3 0.3 0.4 0.5 1 percent [+]
Unemployment Rate 4.10 4.1 4.3 4.1 4.2 5.1 percent [+]
Inflation Rate 0.80 0.8 0.7 0.9 1.1 2.5 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 24400.00 18000 26400 23900 22203 11400 EUR Million [+]
Government Debt to GDP 71.20 69.5 69.2 68.7 71.07 59.8 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 10513.35 10600 10500 10400 10300 8550 points [+]
Government Bond 10Y 0.28 0.28 0.29 0.29 0.29 0.34 percent [+]
30 Year Bond Yield 1.03 0.95 0.96 0.97 0.98 1.13 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.3 0.3 0.4 0.5 1 percent [+]
GDP Annual Growth Rate 1.50 1.9 1.8 1.7 1.9 2.3 percent [+]
GDP 3355.77 3610 3650 3680 3720 4370 USD Billion [+]
GDP Constant Prices 710.03 712 714 716 721 741 EUR Billion [+]
Gross National Product 798.82 794 796 798 815 817 EUR Billion [+]
Gross Fixed Capital Formation 140.39 145 147 148 141 157 EUR Billion [+]
GDP per capita 45269.79 45700 45800 45900 46192 47200 USD [+]
GDP per capita PPP 44053.07 44900 45100 45200 44771 46600 USD [+]
GDP From Agriculture 4.56 4.25 4.31 4.56 9.33 3.65 EUR Billion [+]
GDP From Construction 36.19 38.4 29.6 34.6 37.9 44.9 EUR Billion [+]
GDP From Manufacturing 160.92 158 157 163 155 161 EUR Billion [+]
GDP From Public Administration 128.52 133 135 137 138 150 EUR Billion [+]
GDP From Services 113.27 116 110 114 120 130 EUR Billion [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.10 4.1 4.3 4.1 4.2 5.1 percent [+]
Employed Persons 43456.00 43640 43706 43761 43438 44900 Thousand [+]
Unemployed Persons 2539.94 2750 2760 2770 2569 3010 Thousand [+]
Unemployment Change -5.00 11 3 5 -7.14 15 Thousand [+]
Long Term Unemployment Rate 1.70 2.1 2.2 2.3 1.38 2.7 percent [+]
Youth Unemployment Rate 6.80 6.9 7 7.2 6.45 8 percent [+]
Labour Costs 110.47 113 114 115 111 126 Index Points [+]
Productivity 103.90 104 105 105 105 113 Index Points [+]
Job Vacancies 691.37 669 652 644 682 599 Thousand [+]
Wages 3695.00 3650 3680 3700 3772 4010 EUR/Month [+]
Wages in Manufacturing 107.90 110 111 112 113 126 Index Points [+]
Wage Growth 2.30 2.8 2.7 2.9 1.38 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 82.18 82.42 82.47 82.54 82.66 83.31 Million [+]
Retirement Age Women 65.30 65.3 65.45 65.45 65.3 66 [+]
Retirement Age Men 65.30 65.3 65.3 65.45 65.3 66 [+]
Employment Change 0.30 0.4 0.5 0.5 0.23 0.2 percent [+]
Employment Rate 74.30 74.7 74.8 74.9 75.08 73.4 percent [+]
Full Time Employment 29203.90 29300 29500 29700 29571 30200 Thousand [+]
Part Time Employment 10700.90 10600 10800 10900 10817 11100 Thousand [+]
Labor Force Participation Rate 60.50 61.1 61.3 61.2 60.64 64 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.80 0.8 0.7 0.9 1.1 2.5 percent [+]
Inflation Rate Mom 0.10 0.3 0.4 0.3 0.07 0.8 percent [+]
Consumer Price Index CPI 107.90 110 111 112 109 126 Index Points [+]
Harmonised Consumer Prices 100.80 102 103 104 101 120 Index Points [+]
Core Consumer Prices 108.00 110 111 112 109 125 Index Points [+]
Core Inflation Rate 1.22 1.3 1.5 1.7 1.22 2.8 percent [+]
Producer Prices 102.70 104 105 106 104 116 Index Points [+]
Producer Prices Change -0.40 -1 -0.6 -0.1 1.6 1.6 percent [+]
Export Prices 104.00 103 103 104 104 111 Index Points [+]
Import Prices 98.70 99 99.8 100 99.8 108 Index Points [+]
Food Inflation 1.20 1.1 1.2 1.3 1.54 2.5 percent [+]
Cpi Transportation 105.90 107 108 109 106 122 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.31 -0.27 -0.24 -0.18 -0.32 1.89 percent [+]
Money Supply M1 1867.60 1840 1850 1860 2066 2160 EUR Billion [+]
Money Supply M2 2726.70 2740 2800 2820 2923 3540 EUR Billion [+]
Money Supply M3 2768.70 2850 2880 2980 2959 4510 EUR Billion [+]
Banks Balance Sheet 7906530.00 8340000 8470000 8530000 7348590 10200000 EUR Million [+]
Foreign Exchange Reserves 181623.00 183000 183000 183000 184597 169000 EUR Million [+]
Loans to Private Sector 1341.05 1380 1390 1400 1340 1700 EUR Billion [+]
Central Bank Balance Sheet 1312.20 1890 2100 2200 2410 6680 EUR Billion [+]
Private Debt to GDP 149.75 151 149 148 147 132 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 24400.00 18000 26400 23900 22203 11400 EUR Million [+]
Exports 106400.00 90500 108000 106000 106300 91300 EUR Million [+]
Imports 82000.00 72500 81500 81700 83300 79900 EUR Million [+]
Current Account 24200.00 23800 23400 22200 21900 15400 EUR Million [+]
External Debt 4797646.00 4870000 4970000 5060000 4973891 5790000 EUR Million [+]
Current Account to GDP 8.80 7.7 6.7 6.7 8.87 5.2 percent [+]
Foreign Direct Investment 11384.15 4753 4225 4141 4122 2130 EUR Million [+]
Capital Flows 23913.86 21600 20500 21100 21500 14800 EUR Million [+]
Gold Reserves 3377.94 3400 3400 3400 3373 3400 Tonnes [+]
Crude Oil Production 48.00 45 45 45 48.26 45 BBL/D/1K [+]
Weapons Sales 2049.00 1989 2041 2093 2084 1716 USD Million [+]
Terrorism Index 4.31 3.44 3.44 3.44 1.74 3.44 [+]
Tourist Arrivals 34970.00 36298 36619 36940 37261 41188 Thousand [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 71.20 69.5 69.2 68.7 71.07 59.8 percent [+]
Government Budget 0.70 0.2 0.5 0.5 0.73 1 percent of GDP [+]
Government Budget Value 10.21 13 -23 31 1.86 19 EUR Billion [+]
Government Spending 138.84 140 141 142 144 157 EUR Billion [+]
Government Spending to GDP 43.90 44.4 44.6 44.5 44.1 43.5 percent [+]
Government Revenues 349.06 359 311 343 339 391 EUR Billion [+]
Government Debt 1811954.90 1840000 1850000 1860000 1811855 1910000 EUR Million [+]
Fiscal Expenditure 338.85 346 334 312 336 372 EUR Billion [+]
Asylum Applications 74770.00 70758 69869 65440 72930 17400 [+]
Military Expenditure 47045.50 46182 46822 47462 47737 49301 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 110.40 108 110 109 108 104 [+]
Services PMI 55.00 55.1 55.6 56 53.79 53.3 Index Points [+]
Manufacturing PMI 54.30 54.1 54.4 54.8 54.13 53.9 [+]
Composite Pmi 54.90 53.9 53.7 54.1 54.85 53.1 Index Points [+]
Industrial Production 1.20 0.6 0.9 1 2.84 0.5 percent [+]
Industrial Production Mom -1.80 0.8 -1 0.5 0.08 0.6 percent [+]
Manufacturing Production 1.60 1.2 1 1.4 10.82 2.3 percent [+]
Capacity Utilization 85.70 84.8 84.6 84.7 85.04 83.7 percent [+]
New Orders 110.90 111 109 110 111 113 Index Points [+]
Factory Orders -0.60 -0.3 0.9 1.5 0.19 0.6 percent [+]
Changes in Inventories -6.84 -5.28 -4.29 -3.54 -3.21 -3.24 EUR Billion [+]
Bankruptcies 1789.00 1850 1890 1970 1810 1750 Companies [+]
Corporate Profits 182.62 187 189 192 184 235 EUR Billion [+]
Zew Economic Sentiment Index 13.80 11.5 17.5 14.2 18.6 25.3 [+]
Car Production 472800.00 363000 518000 516000 535000 373000 Units [+]
Car Registrations 276567.00 249000 325000 317000 302000 260000 Cars [+]
Competitiveness Index 5.57 5.57 5.58 5.61 5.61 5.87 Points [+]
Competitiveness Rank 5.00 5 4 4 4 3 [+]
Corruption Index 81.00 81 82 82 78.83 85 Points [+]
Corruption Rank 10.00 10 9 9 13.68 7 [+]
Ease of Doing Business 17.00 15 14 14 17.21 11 [+]
Mining Production -4.10 -2.7 -1.5 -0.4 -3.72 2.15 percent [+]
Steel Production 3505.83 2990 3820 3780 3432 3050 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 9.80 9.9 10.1 10.3 10.5 8.5 [+]
Retail Sales MoM 2.40 0.5 -0.8 -0.4 0.01 0.2 percent [+]
Retail Sales YoY -1.00 2.8 2.5 2.2 0.82 1.4 percent [+]
Consumer Spending 392.37 391 392 394 396 400 EUR Billion [+]
Disposable Personal Income 464.16 463 465 468 478 508 EUR Billion [+]
Personal Savings 9.60 9 9.4 9.1 9 8 percent [+]
Consumer Credit 231488.00 236000 240000 245000 237483 298000 EUR Million [+]
Private Sector Credit 2716825.00 2700000 2710000 2710000 2764295 2820000 EUR Million [+]
Bank Lending Rate 2.54 2.62 2.74 2.81 2.56 3.56 percent [+]
Gasoline Prices 1.47 1.41 1.45 1.47 1.46 1.86 USD/Liter [+]
Households Debt To Gdp 53.20 53.2 52.9 52.7 52.45 49.5 percent of GDP [+]
Households Debt To Income 82.22 79.9 79.5 78.4 80.72 69.6 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 0.80 2.8 3.6 5.8 2.8 1.1 percent [+]
Housing Index 133.08 133 134 135 137 153 Index Points [+]
Building Permits 26705.00 28300 27600 24300 23400 32700 [+]
Construction Pmi 52.90 51.2 51.6 52.4 51.91 51.6 [+]
Construction Orders 5.80 10.6 8.5 4.9 5.7 2.7 percent [+]
Home Ownership Rate 51.90 52.5 52.5 52.5 52.09 52.5 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 29.72 29.7 29.7 29.7 29.72 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 39.76 39.5 39.5 39.5 39.5 39.5 percent [+]
Social Security Rate For Companies 19.33 19.3 19.3 19.3 19.33 19.3 percent [+]
Social Security Rate For Employees 20.43 20.2 20.2 20.2 20.43 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. 12/4/2016