Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.11 1.11 1.1 1.1 1.1 1.09
Stock Market (points) 3777.34 3709 3669 3629 3589 3511
Government Bond 10y (%) 0.00 0.41 0.45 0.49 0.54 0.65
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.3 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 1.20 0.9 1.1 1 1.1 1.2
Unemployment Rate (%) 7.50 7.4 7.4 7.3 7.3 7.2
Inflation Rate (%) 1.30 1.2 1.1 1.2 1.3 1.4
Inflation Rate Mom (%) 0.30 0.3 0.3 0.2 0.4 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 20720.40 19900 23000 13300 13000 14000
Current Account (EUR Billion) 36.59 30.1 27.5 24.5 25.1 28.9
Current Account to GDP (%) 3.10 3 3 3 3 2.8
Government Debt to GDP (%) 87.90 84.9 84.9 84.9 84.9 83.8
Government Budget (% of GDP) -0.50 -0.9 -0.9 -0.9 -0.9 -1
Business Confidence (points) -0.25 -0.12 0.18 0.06 1 0.75
Manufacturing PMI (points) 46.30 49 52.5 52.7 53.1 53.4
Services PMI (points) 52.80 52.6 53.2 53 53.3 54
Consumer Confidence (points) -8.10 -7.8 -7.2 -7.4 -6.6 -3.6
Retail Sales MoM (%) 1.00 0.4 0.2 -0.6 0.4 0.4
Corporate Tax Rate (%) 23.30 23.3 23.3 23.3 23.3 23.3
Personal Income Tax Rate (%) 41.50 41.5 41.5 41.5 41.5 41.5
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.3 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 1.20 0.9 1.1 1 1.1 1.2
GDP (USD Billion) 13669.95 14800 14800 14800 14800 15400
GDP Constant Prices (EUR Billion) 2840.46 2835 2842 2848 2872 2906
Gross Fixed Capital Formation (EUR Billion) 626.10 592 626 628 633 641
GDP per capita (USD) 40978.90 42300 42300 42300 42300 43100
GDP per capita PPP (USD) 40027.90 41200 41200 41200 41200 41200
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 7.50 7.4 7.4 7.3 7.3 7.2
Employed Persons (Million ) 160.13 162 162 162 163 163
Unemployed Persons (Thousand) 12219.00 12440 12440 12440 12100 11900
Long Term Unemployment Rate (%) 3.20 3.3 3.3 3.3 3.3 3.3
Youth Unemployment Rate (%) 15.60 15.6 15.6 15.6 15.6 15.6
Productivity (points) 102.10 108 108 108 109 109
Labour Costs (points) 103.50 102 114 106 106 109
Wages (EUR/Month) 1868.00 1905 1915 1917 1913 1963
Wage Growth (%) 2.60 2.5 2.5 2.6 2.4 2.6
Population (Million) 341.15 342 342 342 342 343
Full Time Employment (Thousand) 116318.80 118500 118500 118500 119000 120000
Employment Change (%) 0.10 0.3 0.3 0.4 0.1 0.2
Labor Force Participation Rate (%) 57.30 59.1 59.2 59.4 59.5 59.5
Retirement Age Men 64.36 64.75 64.75 64.75 64.75 65
Retirement Age Women 63.96 64.5 64.5 64.5 64.5 64.75
Part Time Employment (Thousand) 31533.60 33400 33400 33400 34200 34900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.30 1.2 1.1 1.2 1.3 1.4
Inflation Rate Mom (%) 0.30 0.3 0.3 0.2 0.4 0.5
Consumer Price Index CPI (points) 105.43 106 107 106 106 108
Core Consumer Prices (points) 104.69 105 106 106 106 108
Core Inflation Rate (%) 1.30 1.2 1.4 1.4 1.3 1.5
GDP Deflator (points) 104.98 105 106 106 106 108
Producer Prices (points) 104.40 105 106 105 106 108
Producer Prices Change (%) -1.40 -0.1 1.1 1.2 1.5 1.8
Import Prices (points) 100.50 103 103 103 105 105
Food Inflation (%) 1.70 1.4 1.5 1.6 1.7 1.9
CPI Housing Utilities (points) 105.38 107 106 106 107 108
CPI Transportation (points) 107.04 107 108 108 108 109
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.41 -0.41 -0.41 -0.41 -0.41
Money Supply M1 (EUR Million) 8931888.00 9090000 9150000 9360000 9650000 9650000
Money Supply M2 (EUR Million) 12374327.00 13200000 13700000 14000000 14400000 16200000
Money Supply M3 (EUR Million) 13007563.00 13600000 14000000 14400000 14900000 14900000
Foreign Exchange Reserves (USD Billion) 73.22 82 84 85 91 96
Central Bank Balance Sheet (EUR Million) 4691998.00 4750000 4850000 4950000 5110000 5250000
Loans to Private Sector (EUR Million) 4588362.00 4521446 4566603 4593313 4638834 4694500
Deposit Interest Rate (%) -0.50 -0.5 -0.5 -0.5 -0.5 -0.5
Lending Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Loan Growth (%) 3.50 3.7 3.7 3.8 4 3.6
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 20720.40 19900 23000 13300 13000 14000
Current Account (EUR Billion) 36.59 30.1 27.5 24.5 25.1 28.9
Current Account to GDP (%) 3.10 3 3 3 3 2.8
Imports (EUR Million) 177024.80 178100 172000 174500 172000 175000
Exports (EUR Million) 197745.20 198000 195000 187800 179000 188000
External Debt (EUR Million) 15089197.68 14600000 14600000 14500000 14400000 14600000
Capital Flows (EUR Billion) 41.59 36 36 36 41.2 39
Gold Reserves (Tonnes) 504.77 505 505 505 505 505
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 87.90 84.9 84.9 84.9 84.9 83.8
Government Budget (% of GDP) -0.50 -0.9 -0.9 -0.9 -0.9 -1
Government Spending (EUR Billion) 580.25 576 580 582 587 594
Government Spending to GDP (%) 46.80 46.6 46.6 46.6 46.6 46.5
Government Debt (EUR Million) 9859512.70 10500000 10500000 10500000 10500000 11100000
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 23.30 23.3 23.3 23.3 23.3 23.3
Personal Income Tax Rate (%) 41.50 41.5 41.5 41.5 41.5 41.5
Sales Tax Rate (%) 20.80 20.8 20.8 20.8 20.8 20.8
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (points) -0.25 -0.12 0.18 0.06 1 0.75
Manufacturing PMI (points) 46.30 49 52.5 52.7 53.1 53.4
Services PMI (points) 52.80 52.6 53.2 53 53.3 54
Composite Pmi (points) 50.90 50.9 52.7 52.5 53.2 53.7
Industrial Production (%) -1.50 -1.6 1.5 1.6 1.4 2
Industrial Production Mom (%) 0.20 0.7 -0.6 -0.4 0.3 0.4
Manufacturing Production (%) -1.60 -2 1 1.2 1.4 1.7
Capacity Utilization (%) 81.20 84.2 84.2 84.2 84.5 84.9
Changes In Inventories (EUR Billion) -0.63 5.1 5.1 5.1 6 5.4
Zew Economic Sentiment Index 25.60 15 -6 -8 -4 -6
Car Registrations (Thousand) 1012.92 919 936 957 985 985
Mining Production (%) -3.10 -2 0.9 1 2.5 2.2
Industrial Sentiment -9.30 -8 -7 -9 -6 -4
Services Sentiment 11.40 8.5 9 10 12 11
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) -8.10 -7.8 -7.2 -7.4 -6.6 -3.6
Retail Sales MoM (%) 1.00 0.4 0.2 -0.6 0.4 0.4
Retail Sales YoY (%) 2.20 1.5 1.9 1.8 1.7 1.7
Consumer Spending (EUR Billion) 1527.11 1519 1524 1531 1544 1562
Disposable Personal Income (EUR Million) 1813179.00 1796668 1818165 1817712 1833124 1855121
Personal Savings (%) 13.04 12.9 12.9 12.9 13.2 13.4
Private Sector Credit (EUR Million) 11438737.00 11226233 11321790 11422902 11564563 11703338
Bank Lending Rate (%) 1.91 1.92 1.92 1.92 1.92 1.92
Economic Optimism Index 101.50 102 102 102 105 104
Consumer Credit (EUR Million) 718804.94 691823 707589 715743 726712 735432
Households Debt To GDP (% of GDP) 57.80 53.7 53.7 53.7 53.7 52.9
Households Debt To Income (%) 93.49 87.1 87.1 87.1 87.1 86.5
Consumer Confidence Price Trends (points) 20.50 19 17 18 19 20
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 1.40 -0.7 1 0.9 1.6 2.2
Housing Index (points) 119.54 117 119 120 121 123
Construction Pmi (points) 51.30 48 50.6 51.5 52.5 52
Home Ownership Rate (%) 66.20 65.5 65.5 65.5 65.5 65


This page has economic forecasts for Euro Area 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 Euro Area economy.