Germany | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.70 0.5 0.4 0.5 0.29 1 percent [+]
Unemployment Rate 6.10 4.4 4.5 4.5 4.11 4.9 percent [+]
Inflation Rate 0.30 0.5 0.4 0.6 0.34 2.7 percent [+]
Interest Rate 0.00 0 0 0 0.02 0.5 percent [+]
Balance of Trade 25607.00 20552 19846 19846 22117 15744 EUR Million [+]
Government Debt to GDP 71.20 70.5 69.5 69.5 70.99 59.8 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 1.11 1.12 1.11 1.09 1.1 0.91 [+]
Stock Market 9776.00 9900 9800 9700 9778 8080 points [+]
Government Bond 10Y -0.13 0.07 0.07 0.07 -0.1 0.08 percent [+]
30 Year Bond Yield 0.82 0.84 0.84 0.85 0.88 0.98 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.70 0.5 0.4 0.5 0.29 1 percent [+]
GDP Annual Growth Rate 1.30 1.7 1.6 1.8 1.2 2.4 percent [+]
GDP 3868.29 3976 3979 3988 3836 4072 USD Billion [+]
GDP Constant Prices 702.68 714 715 715 707 741 EUR Billion [+]
Gross National Product 787.12 793 795 796 808 817 EUR Billion [+]
Gross Fixed Capital Formation 143.12 140 138 141 141 146 EUR Billion [+]
GDP per capita 39717.70 41721 41918 41918 40650 43718 USD [+]
GDP per capita PPP 43443.70 45791 45844 45944 44223 47844 USD [+]
GDP From Agriculture 3.61 5.12 4.31 4.31 9.31 5.64 EUR Billion [+]
GDP From Construction 27.02 33.3 31.21 31.2 31.2 42.36 EUR Billion [+]
GDP From Manufacturing 152.32 155 154 153 154 158 EUR Billion [+]
GDP From Public Administration 128.30 129 135 133 129 152 EUR Billion [+]
GDP From Services 101.16 110 110 103 109 115 EUR Billion [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 6.10 4.4 4.5 4.5 4.11 4.9 percent [+]
Employed Persons 43482.00 43406 43744 43830 43904 44017 Thousand [+]
Unemployed Persons 2614.20 2738 2735 2741 2698 3014 Thousand [+]
Unemployment Change -6.00 -7 -3 -3 -7.51 15 Thousand [+]
Long Term Unemployment Rate 2.00 2.1 2.1 2.1 1.85 2 percent [+]
Youth Unemployment Rate 7.00 6.9 6.8 6.9 7.19 6.5 percent [+]
Labour Costs 110.64 113 114 114 112 125 Index Points [+]
Productivity 102.90 104 105 105 103 113 Index Points [+]
Job Vacancies 654.80 618 620 620 645 599 Thousand [+]
Wages 3612.00 3629 3647 3709 3728 4009 EUR/Month [+]
Wages in Manufacturing 105.20 107 109 109 110 123 Index Points [+]
Wage Growth 2.60 2.6 2.8 3.6 1.39 2.2 percent [+]
Minimum Wages 8.50 8.5 8.5 8.5 8.5 8.5 EUR/Hour [+]
Population 81.20 81.36 81.39 81.65 81.72 82.31 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 0.40 0.4 0.4 0.27 0.26 0.22 percent [+]
Employment Rate 74.40 74.5 74.7 74.97 74.24 73.4 percent [+]
Full Time Employment 29089.10 29201 29293 28840 28681 28946 Thousand [+]
Part Time Employment 10513.30 10521 10543 10543 10743 10960 Thousand [+]
Labor Force Participation Rate 60.60 61 61.1 60.34 60.18 64 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 0.30 0.5 0.4 0.6 0.34 2.7 percent [+]
Inflation Rate Mom 0.10 0.2 0.3 0.4 0.05 0.8 percent [+]
Consumer Price Index CPI 107.20 110 110 110 108 123 Index Points [+]
Harmonised Consumer Prices 100.30 103 104 105 100 120 Index Points [+]
Core Consumer Prices 107.30 108 109 109 109 122 Index Points [+]
Core Inflation Rate 1.32 1.5 1.7 1.8 1.25 2.8 percent [+]
Producer Prices 101.70 105 106 107 103 114 Index Points [+]
Producer Prices Change -2.70 -1.7 -1 -0.6 -1.93 1.6 percent [+]
Export Prices 103.50 104 104 103 103 111 Index Points [+]
Import Prices 97.30 98.29 98.44 98.48 98.5 105 Index Points [+]
Food Inflation 0.00 1.1 1.3 1.3 -0.43 2.5 percent [+]
Cpi Transportation 104.70 105 106 105 105 105 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 0.00 0 0 0 0.02 0.5 percent [+]
Interbank Rate -0.25 -0.35 -0.27 -0.27 -0.27 1.89 percent [+]
Money Supply M1 1817.30 1824 1829 1806 2033 2163 EUR Billion [+]
Money Supply M2 2663.20 2732 2792 2792 2901 3536 EUR Billion [+]
Money Supply M3 2705.60 2814 2889 2889 2917 4506 EUR Billion [+]
Foreign Exchange Reserves 173927.00 175584 182569 166569 177170 169422 EUR Million [+]
Banks Balance Sheet 7826003.00 8221764 8335265 8335265 7756140 10215167 EUR Million [+]
Loans to Private Sector 1314.17 1350 1379 1399 1314 1698 EUR Billion [+]
Central Bank Balance Sheet 1159.50 1882 2096 2096 1237 6676 EUR Billion [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade 25607.00 20552 19846 19846 22117 15744 EUR Million [+]
Exports 104257.00 100585 101031 100688 100748 100756 EUR Million [+]
Imports 78650.00 78574 78676 78639 78642 78643 EUR Million [+]
Current Account 28800.00 24424 23854 23499 23299 16364 EUR Million [+]
External Debt 4515636.00 4741021 4868263 5068263 4591044 5789391 EUR Million [+]
Current Account to GDP 8.80 7.7 7.7 6.7 8.83 5.7 percent [+]
Capital Flows 43933.72 21815 23811 23811 19622 14809 EUR Million [+]
Foreign Direct Investment 5255.95 4495 4142 4053 4028 2125 EUR Million [+]
Gold Reserves 3380.98 3381 3381 3381 3375 3360 Tonnes [+]
Crude Oil Production 44.00 45 45.07 45.07 45.07 45.07 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 35772 36298 36619 36940 41188 Thousand [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 71.20 70.5 69.5 69.5 70.99 59.8 percent [+]
Government Budget 0.70 0.2 0.2 0.2 0.74 1 percent of GDP [+]
Government Budget Value 2.60 17 15 12 19.24 22.1 EUR Billion [+]
Government Spending 134.61 136 137 138 138 147 EUR Billion [+]
Government Spending to GDP 43.90 44.2 44.4 44.08 44.09 44.1 percent [+]
Government Revenues 318.05 316 318 318 341 329 EUR Billion [+]
Government Debt 1811144.00 1834676 1849898 1849898 1810639 1905644 EUR Million [+]
Fiscal Expenditure 315.45 314 341 329 316 357 EUR Billion [+]
Asylum Applications 54050.00 58345 60854 61934 61753 17382 [+]
Military Expenditure 47045.50 46182 46822 47462 47737 49301 USD Million [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 108.70 107 104 102 108 104 [+]
Services PMI 53.20 54.6 55.1 55.12 53.27 53.35 Index Points [+]
Manufacturing PMI 54.50 53.5 53.7 53.7 57.21 53.85 [+]
Composite Pmi 54.10 54.6 53.9 53.47 54.18 53.1 Index Points [+]
Industrial Production 1.20 0.8 1.4 1.5 -1.32 0.5 percent [+]
Industrial Production Mom 0.80 -0.7 1 1 0.07 0.6 percent [+]
Manufacturing Production 1.60 0.9 1.6 1.8 11.51 2.3 percent [+]
Capacity Utilization 84.40 84.7 84.8 84.8 83.09 83.7 percent [+]
New Orders 110.40 111 111 111 111 113 Index Points [+]
Factory Orders -2.00 -0.8 -0.3 0.9 0.19 0.6 percent [+]
Changes in Inventories -9.73 -7.22 -6.2 -6.12 -5.84 -5.92 EUR Billion [+]
Bankruptcies 1902.00 1827 1888 1895 1818 1746 Companies [+]
Corporate Profits 182.56 184 187 189 183 235 EUR Billion [+]
Zew Economic Sentiment Index 19.20 10.1 29.5 41.1 25.41 25.3 [+]
Car Production 450300.00 508685 502468 502468 464293 463690 Units [+]
Car Registrations 286931.00 261366 267062 267545 266782 266874 Cars [+]
Competitiveness Index 5.53 5.53 5.53 5.53 5.57 5.87 Points [+]
Competitiveness Rank 4.00 4 4 4 4 3 [+]
Corruption Index 81.00 81 81 79 78.92 82 Points [+]
Corruption Rank 10.00 10 10 12 13.54 9 [+]
Ease of Doing Business 15.00 15 15 15 17.32 11 [+]
Mining Production -13.00 -12.16 -9.77 -1.77 -14.34 2.15 percent [+]
Steel Production 3858.00 3731 3700 3710 3707 3708 Thousand Tonnes [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence 10.10 9.9 10.3 10.2 10.57 8.55 [+]
Retail Sales MoM 0.90 0.7 0.5 -0.8 0.02 0.2 percent [+]
Retail Sales YoY 2.60 2.1 2.8 2.8 2.22 1.4 percent [+]
Consumer Spending 388.04 390 392 392 395 400 EUR Billion [+]
Disposable Personal Income 457.75 461 463 462 476 518 EUR Billion [+]
Personal Savings 9.60 9.2 9 9 9.68 8 percent [+]
Consumer Credit 226636.00 232891 236315 236315 231326 297806 EUR Million [+]
Private Sector Credit 2684423.00 2699040 2704554 2694554 2729412 2822435 EUR Million [+]
Bank Lending Rate 2.60 2.58 2.82 2.82 2.57 3.56 percent [+]
Gasoline Prices 1.48 1.45 1.47 1.17 1.44 1.86 USD/Liter [+]
Households Debt To Gdp 53.60 53.5 53.5 52.97 52.95 52.4 percent of GDP [+]
Households Debt To Income 82.78 80.8 79.9 79.34 78.82 69.63 percent [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Construction Output 0.50 4.24 5.89 5.89 0.69 1.14 percent [+]
Housing Index 128.46 132 133 133 135 153 Index Points [+]
Building Permits 27948.00 26943 27267 27267 25775 22720 [+]
Construction Orders 18.20 14.57 15.82 9.11 6.57 0.65 percent [+]
Home Ownership Rate 52.50 52.5 52.5 52.5 52.53 52.5 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 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 39.46 39.56 39.46 percent [+]
Social Security Rate For Companies 19.33 19.33 19.33 19.28 19.33 19.28 percent [+]
Social Security Rate For Employees 20.23 20.23 20.23 20.18 20.23 20.18 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. 7/2/2016