Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.30 0.4 0.5 0.5 0.5 1 percent [+]
Unemployment Rate 4.20 4.3 4.3 4.2 4.5 4.9 percent [+]
Inflation Rate 0.10 0.4 0.6 0.8 0.7 2.9 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 20300.00 20834 20552 19846 19846 18540 EUR Million [+]
Government Debt to GDP 71.20 71.2 70.5 69.5 69.5 59.8 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 1.15 1.12 1.11 1.09 1.08 1.6 [+]
Stock Market 10055.00 10100 9830 9520 9320 12900 points [+]
Government Bond 10Y 0.28 0.14 0.15 0.15 0.16 0.21 percent [+]
30 Year Bond Yield 0.82 0.84 0.84 0.85 0.86 1.23 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.30 0.4 0.5 0.5 0.5 1 percent [+]
GDP Annual Growth Rate 2.10 1.5 1.8 1.9 1.7 2.2 percent [+]
GDP 3868.29 3972 3978 3988 3988 4072 USD Billion [+]
GDP Constant Prices 698.04 709 714 715 715 741 EUR Billion [+]
Gross National Product 785.79 793 795 796 796 817 EUR Billion [+]
Gross Fixed Capital Formation 140.70 141 141 141 141 146 EUR Billion [+]
GDP per capita 39717.70 41572 41721 41918 41918 43718 USD [+]
GDP per capita PPP 43443.70 45616 45791 45944 45944 47844 USD [+]
GDP From Agriculture 3.77 3.22 5.12 4.31 4.31 5.64 EUR Billion [+]
GDP From Construction 36.92 30.37 33.3 38.27 29.64 38.54 EUR Billion [+]
GDP From Manufacturing 153.75 156 155 155 156 158 EUR Billion [+]
GDP From Public Administration 130.06 124 129 134 132 151 EUR Billion [+]
GDP From Services 108.42 106 111 111 105 115 EUR Billion [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 4.20 4.3 4.3 4.2 4.5 4.9 percent [+]
Employed Persons 43389.00 43372 43406 43748 43835 44017 Thousand [+]
Unemployed Persons 2743.90 2839 2826 2781 2741 2384 Thousand [+]
Unemployment Change -16.00 -5 -7 -3 -3 15 Thousand [+]
Long Term Unemployment Rate 1.90 2.1 2.1 2.1 2.1 2 percent [+]
Youth Unemployment Rate 6.90 6.9 6.9 6.8 6.9 6.5 percent [+]
Productivity 102.50 104 104 105 105 113 Index Points [+]
Labour Costs 110.02 112 113 114 114 125 Index Points [+]
Job Vacancies 634.50 615 618 620 620 599 Thousand [+]
Wages 3527.00 3562 3579 3597 3611 3957 EUR/Month [+]
Wages in Manufacturing 105.10 107 109 110 110 123 Index Points [+]
Wage Growth 2.10 3.2 3.4 3.6 3.6 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 81.20 81.33 81.36 81.39 81.42 81.95 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 0.3 0.4 0.4 0.5 1.3 percent [+]
Employment Rate 74.20 74.3 74.5 74.7 74.97 73.4 percent [+]
Full Time Employment 28750.90 28759 28771 28842 28996 28946 Thousand [+]
Part Time Employment 10474.80 10519 10521 10543 10543 10645 Thousand [+]
Labor Force Participation Rate 60.30 59.92 60.14 60.19 60.02 64 percent [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 0.10 0.4 0.6 0.8 0.7 2.9 percent [+]
Inflation Rate Mom -0.20 0.3 0.3 0.2 0.2 0.8 percent [+]
Consumer Price Index CPI 107.30 109 110 110 110 123 Index Points [+]
Harmonised Consumer Prices 100.30 102 103 105 105 120 Index Points [+]
Core Consumer Prices 107.50 108 108 109 109 122 Index Points [+]
Core Inflation Rate 1.13 1.3 1.5 1.7 1.8 2.8 percent [+]
Producer Prices 101.20 102 106 107 107 114 Index Points [+]
Producer Prices Change -3.10 -1.5 -0.9 -0.4 -0.4 1.6 percent [+]
Export Prices 103.60 105 104 104 104 111 Index Points [+]
Import Prices 96.50 96.88 97 97.02 97.03 105 Index Points [+]
Food Inflation 1.10 1 1.1 1.3 1.3 2.5 percent [+]
Cpi Transportation 103.00 103 103 104 103 103 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.25 -0.23 -0.35 -0.27 -0.27 1.89 percent [+]
Money Supply M1 1806.90 1812 1817 1825 1806 2163 EUR Billion [+]
Money Supply M2 2646.50 2698 2732 2792 2792 3536 EUR Billion [+]
Money Supply M3 2691.70 2743 2814 2889 2889 4506 EUR Billion [+]
Foreign Exchange Reserves 171266.00 172894 173638 166569 166569 169422 EUR Million [+]
Banks Balance Sheet 7866131.00 8118420 8221764 8335265 8335265 10215167 EUR Million [+]
Loans to Private Sector 1309.05 1354 1380 1399 1399 1698 EUR Billion [+]
Central Bank Balance Sheet 1077.60 1375 1882 2096 2096 6676 EUR Billion [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 20300.00 20834 20552 19846 19846 18540 EUR Million [+]
Exports 99500.00 96272 95905 96316 96254 96239 EUR Million [+]
Imports 79300.00 77610 77562 77641 77624 77625 EUR Million [+]
Current Account 20000.00 24424 23854 23499 23299 20364 EUR Million [+]
External Debt 4515636.00 4815363 4941021 5068263 5068263 5789391 EUR Million [+]
Current Account to GDP 8.80 6.7 6.7 6.7 6.7 5.7 percent [+]
Capital Flows 12150.03 22843 21815 23811 23811 14809 EUR Million [+]
Foreign Direct Investment 10512.54 3731 3562 3530 3523 2125 EUR Million [+]
Gold Reserves 3380.98 3381 3381 3381 3381 3356 Tonnes [+]
Crude Oil Production 44.00 45 45 45.07 45.07 45.07 BBL/D/1K [+]
Terrorism Index 3.44 3.44 3.44 3.44 3.44 3.44 [+]
Tourist Arrivals 32999.00 32900 33178 33456 33525 31781 Thousand [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 71.20 71.2 70.5 69.5 69.5 59.8 percent [+]
Government Budget 0.70 0.2 0.2 0.2 0.2 1 percent of GDP [+]
Government Budget Value 22.80 13 17 15 12 22.1 EUR Billion [+]
Government Spending 133.83 135 136 137 137 146 EUR Billion [+]
Government Spending to GDP 43.90 45.35 44.12 44.07 44.08 44.1 percent [+]
Government Revenues 324.60 304 316 318 318 329 EUR Billion [+]
Government Debt 1810698.50 1839727 1844676 1849898 1849898 1885644 EUR Million [+]
Fiscal Expenditure 301.80 301 314 342 326 352 EUR Billion [+]
Asylum Applications 66125.00 56833 76694 87412 96388 17382 [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 106.60 108 108 109 109 106 [+]
Services PMI 54.60 57.66 56.32 55.12 55.12 53.32 Index Points [+]
Manufacturing PMI 51.90 53.3 53.5 53.7 53.7 53.85 [+]
Composite Pmi 53.80 55.5 53.6 54.47 53.47 53.1 Index Points [+]
Industrial Production 1.30 1.7 1.6 1.5 1.5 0.5 percent [+]
Industrial Production Mom -0.50 0.4 -0.7 1 1 0.6 percent [+]
Manufacturing Production 1.20 1.5 1.6 1.8 1.8 2.3 percent [+]
Capacity Utilization 85.10 84.6 84.7 84.8 84.8 83.7 percent [+]
New Orders 109.20 109 109 109 109 113 Index Points [+]
Factory Orders -1.20 0.24 -0.78 0.99 0.99 1.65 percent [+]
Changes in Inventories -8.49 -5.16 -4.5 -4.62 -4.71 -4.96 EUR Billion [+]
Bankruptcies 1692.00 1855 1817 1895 1895 1746 Companies [+]
Corporate Profits 180.39 183 184 187 189 235 EUR Billion [+]
Zew Economic Sentiment Index 11.20 14.5 27.5 38.7 48.7 25.3 [+]
Car Production 516100.00 511654 508685 502468 502468 459114 Units [+]
Car Registrations 322913.00 276635 261547 265086 265240 264765 Cars [+]
Competitiveness Index 5.53 5.53 5.53 5.53 5.53 5.87 Points [+]
Competitiveness Rank 4.00 4 4 4 4 3 [+]
Corruption Index 81.00 81 81 81 79 82 Points [+]
Corruption Rank 10.00 10 10 10 12 9 [+]
Ease of Doing Business 15.00 15 15 15 15 11 [+]
Mining Production -14.00 -3.12 -2.16 -1.77 -1.77 2 percent [+]
Steel Production 3811.00 3479 3571 3552 3555 3555 Thousand Tonnes [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence 9.70 9.6 9.9 10.3 10.2 8.55 [+]
Retail Sales MoM -1.10 0.4 0.7 0.5 0.5 0.1 percent [+]
Retail Sales YoY 0.70 2.5 2.1 2.8 2.8 1.4 percent [+]
Consumer Spending 385.40 389 390 392 392 399 EUR Billion [+]
Disposable Personal Income 457.80 458 460 462 462 477 EUR Billion [+]
Personal Savings 10.00 9.3 9.2 9 9 8 percent [+]
Consumer Credit 225110.00 229357 232891 236315 236315 297806 EUR Million [+]
Private Sector Credit 2670380.00 2680851 2699040 2704554 2694554 2822435 EUR Million [+]
Bank Lending Rate 2.71 2.67 2.76 2.82 2.82 3.56 percent [+]
Gasoline Prices 1.37 1.29 1.23 1.17 1.17 1.86 USD/Liter [+]
Households Debt To Gdp 53.80 53.57 53.51 53.49 53.4 53.19 percent of GDP [+]
Households Debt To Income 82.78 81.69 80.78 79.87 79.34 69.63 percent [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Construction Output 5.30 3.36 4.24 5.89 5.89 1.14 percent [+]
Housing Index 126.50 129 131 133 133 153 Index Points [+]
Building Permits 24306.00 25375 26943 27267 27267 22720 [+]
Construction Orders 12.60 2.68 4.57 5.82 9.11 0.65 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.5 52.5 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 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 39.56 39.56 39.56 39.56 39.56 39.56 percent [+]
Social Security Rate For Companies 19.33 19.33 19.33 19.33 19.33 19.33 percent [+]
Social Security Rate For Employees 20.23 20.23 20.23 20.23 20.23 20.23 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. 4/29/2016