Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.40 0.4 0.3 0.4 0.31 1 percent [+]
Unemployment Rate 4.20 4.2 4.3 4.5 3.99 5.1 percent [+]
Inflation Rate 0.70 0.4 0.6 0.7 0.72 2.5 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 19500.00 18000 26400 23900 22154 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 1.12 1.11 1.1 1.08 1.11 0.9 [+]
Stock Market 10511.00 10300 10200 10100 10450 8400 points [+]
Government Bond 10Y -0.12 -0.12 -0.09 -0.05 -0.02 0.5 percent [+]
30 Year Bond Yield 0.45 0.55 0.69 0.71 0.52 0.49 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.40 0.4 0.3 0.4 0.31 1 percent [+]
GDP Annual Growth Rate 3.10 1.4 1.6 1.5 2.69 2.3 percent [+]
GDP 3355.77 3610 3650 3680 3720 4370 USD Billion [+]
GDP Constant Prices 708.68 712 714 716 722 741 EUR Billion [+]
Gross National Product 803.16 794 796 798 825 817 EUR Billion [+]
Gross Fixed Capital Formation 140.47 145 147 148 144 157 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 4.53 4.25 4.31 4.56 9.85 3.65 EUR Billion [+]
GDP From Construction 34.29 38.4 29.6 34.6 37.9 44.9 EUR Billion [+]
GDP From Manufacturing 164.19 163 161 166 155 161 EUR Billion [+]
GDP From Public Administration 125.87 133 135 137 138 150 EUR Billion [+]
GDP From Services 113.49 116 110 114 120 130 EUR Billion [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.20 4.2 4.3 4.5 3.99 5.1 percent [+]
Employed Persons 43537.00 43640 43706 43761 43779 44900 Thousand [+]
Unemployed Persons 2607.61 2750 2760 2770 2596 3010 Thousand [+]
Unemployment Change 1.00 11 3 5 -6.57 15 Thousand [+]
Long Term Unemployment Rate 1.70 2.1 2.2 2.3 1.35 2.7 percent [+]
Youth Unemployment Rate 6.90 6.9 7 7.2 6.58 8 percent [+]
Labour Costs 109.05 113 114 115 109 126 Index Points [+]
Productivity 101.30 104 105 105 101 113 Index Points [+]
Job Vacancies 686.80 669 652 644 671 599 Thousand [+]
Wages 3695.00 3650 3680 3700 3772 4010 EUR/Month [+]
Wages in Manufacturing 159.00 109 110 111 112 126 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 74.20 74.7 74.8 74.9 74.74 73.4 percent [+]
Full Time Employment 29025.90 29300 29500 29700 29122 30200 Thousand [+]
Part Time Employment 10765.60 10600 10800 10900 11103 11100 Thousand [+]
Labor Force Participation Rate 60.70 61.1 61.3 61.2 60.62 64 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.70 0.4 0.6 0.7 0.72 2.5 percent [+]
Inflation Rate Mom 0.10 0.3 0.4 0.3 0.06 0.8 percent [+]
Consumer Price Index CPI 107.70 110 111 112 108 126 Index Points [+]
Harmonised Consumer Prices 100.60 102 103 104 101 120 Index Points [+]
Core Consumer Prices 107.90 110 111 112 109 125 Index Points [+]
Core Inflation Rate 1.22 1.3 1.5 1.7 1.21 2.8 percent [+]
Producer Prices 102.20 104 105 106 102 116 Index Points [+]
Producer Prices Change -1.60 -1 -0.6 -0.1 -0.6 1.6 percent [+]
Export Prices 104.00 103 103 104 104 111 Index Points [+]
Import Prices 97.70 99 99.8 100 97.56 108 Index Points [+]
Food Inflation 0.80 1.1 1.2 1.3 0.81 2.5 percent [+]
Cpi Transportation 104.70 107 108 109 104 122 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 -0.30 -0.27 -0.24 -0.18 -0.31 1.89 percent [+]
Money Supply M1 1864.60 1840 1850 1860 2075 2160 EUR Billion [+]
Money Supply M2 2717.40 2740 2800 2820 2939 3540 EUR Billion [+]
Money Supply M3 2761.40 2850 2880 2980 2968 4510 EUR Billion [+]
Banks Balance Sheet 7985306.00 8340000 8470000 8530000 7311353 10200000 EUR Million [+]
Foreign Exchange Reserves 183951.00 183000 183000 183000 190611 169000 EUR Million [+]
Loans to Private Sector 1332.03 1380 1390 1400 1324 1700 EUR Billion [+]
Central Bank Balance Sheet 1239.20 1890 2100 2310 1286 6680 EUR Billion [+]
Private Debt to GDP 149.75 151 151 149 148 132 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 19500.00 18000 26400 23900 22154 11400 EUR Million [+]
Exports 96400.00 90500 108000 106000 106500 91300 EUR Million [+]
Imports 76900.00 72500 81500 81700 83300 79900 EUR Million [+]
Current Account 18600.00 24400 23800 23400 22200 15400 EUR Million [+]
External Debt 4797646.00 4870000 4970000 5060000 4846332 5790000 EUR Million [+]
Current Account to GDP 8.80 7.7 6.7 6.7 8.87 5.2 percent [+]
Foreign Direct Investment -4974.18 4460 4236 4208 4202 2130 EUR Million [+]
Capital Flows 15025.85 21600 20500 21100 21500 14800 EUR Million [+]
Gold Reserves 3378.25 3400 3400 3400 3373 3400 Tonnes [+]
Crude Oil Production 44.00 45 45 45 45.07 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 2.66 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 136.99 139 140 141 142 154 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 1824563.00 1840000 1850000 1860000 1825741 1910000 EUR Million [+]
Fiscal Expenditure 338.85 346 334 312 336 372 EUR Billion [+]
Asylum Applications 72975.00 70758 69869 65440 88528 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 109.50 108 110 109 108 104 [+]
Services PMI 50.60 55.1 55.6 56 52.73 53.16 Index Points [+]
Manufacturing PMI 54.30 54.1 54.4 54.8 54.89 53.9 [+]
Composite Pmi 52.70 53.9 53.7 54.1 53.19 53.1 Index Points [+]
Industrial Production -1.20 0.6 0.9 1 -0.79 0.5 percent [+]
Industrial Production Mom -1.50 0.8 -1 0.5 0.07 0.6 percent [+]
Manufacturing Production -1.50 1.2 1 1.4 11.13 2.3 percent [+]
Capacity Utilization 84.70 84.8 84.6 84.7 83.79 83.7 percent [+]
New Orders 110.50 111 109 110 110 113 Index Points [+]
Factory Orders 0.20 -0.3 0.9 1.5 0.19 0.6 percent [+]
Changes in Inventories -7.40 -4.71 -3.7 -3.16 -2.9 -3.02 EUR Billion [+]
Bankruptcies 1940.00 1850 1890 1970 1810 1750 Companies [+]
Corporate Profits 194.63 187 189 192 196 235 EUR Billion [+]
Zew Economic Sentiment Index 0.50 11.5 17.5 14.2 18.6 25.3 [+]
Car Production 422000.00 363000 518000 516000 461335 373000 Units [+]
Car Registrations 245076.00 249000 325000 317000 269042 260000 Cars [+]
Competitiveness Index 5.57 5.53 5.58 5.58 5.56 5.87 Points [+]
Competitiveness Rank 5.00 4 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 15.00 15 14 14 17.38 11 [+]
Mining Production -9.90 -2.7 -1.5 -0.4 -4.11 2.15 percent [+]
Steel Production 3510.87 2990 3820 3780 3556 3050 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 10.00 10.2 10.1 10.3 10.5 8.5 [+]
Retail Sales MoM -0.40 0.5 -0.8 -0.4 0.03 0.2 percent [+]
Retail Sales YoY 3.70 2.8 2.5 2.2 1.81 1.4 percent [+]
Consumer Spending 389.84 391 392 394 399 400 EUR Billion [+]
Disposable Personal Income 463.85 463 465 468 477 508 EUR Billion [+]
Personal Savings 9.70 9 9.4 9.1 9 8 percent [+]
Consumer Credit 228875.00 236000 240000 245000 234809 298000 EUR Million [+]
Private Sector Credit 2697737.00 2700000 2710000 2710000 2744953 2820000 EUR Million [+]
Bank Lending Rate 2.44 2.62 2.74 2.81 2.27 3.56 percent [+]
Gasoline Prices 1.44 1.41 1.45 1.47 1.47 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 82.78 79.9 79.5 78.4 78.29 69.6 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 2.30 2.8 3.6 5.8 4.5 1.1 percent [+]
Housing Index 132.66 133 134 135 138 153 Index Points [+]
Building Permits 25827.00 28300 27600 24300 25513 32700 [+]
Construction Pmi 51.60 50.8 51.2 51.6 52.4 51.6 [+]
Construction Orders 14.10 10.6 8.5 4.9 7.47 2.7 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.49 52.5 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 29.65 29.7 29.7 29.7 29.65 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 19.33 19.3 percent [+]
Social Security Rate For Employees 20.23 20.2 20.2 20.2 20.23 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. 10/1/2016