Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.13 1.13 1.13 1.12 1.11 1.1
Stock Market (points) 3387.94 3258 3221 3185 3150 3079
Government Bond 10y (%) -0.57 0.06 0.13 0.2 0.28 0.34
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.1 0.3 0.2 0.3 0.5
GDP Annual Growth Rate (%) 1.10 1 1.2 1.1 1.2 1.5
Unemployment Rate (%) 7.80 7.7 7.5 7.4 7.1 6.8
Inflation Rate (%) 1.50 1.6 1.4 1.2 1.3 1.5
Inflation Rate Mom (%) 0.30 1 0.2 0.3 0.5 0.4
Interest Rate (%) 0.00 0 0 0 0 0.75
Balance of Trade (EUR Million) 1547.90 20500 20000 11800 12000 13000
Current Account (EUR Billion) 32.99 32.2 29.6 21.5 29.5 25.1
Current Account to GDP (%) 3.00 2.6 2.6 2.6 2.6 1.9
Government Debt to GDP (%) 86.70 85.2 85.2 85.2 85.2 84.4
Government Budget (% of GDP) -0.90 -0.8 -0.8 -0.8 -0.8 -0.6
Business Confidence (Index Points) 0.69 0.25 0.25 0.51 0.99 1
Manufacturing PMI 49.30 50.4 51.5 51.7 52.3 53.1
Services PMI (Index Points) 52.80 51.1 51.5 52.9 52.8 53.3
Consumer Confidence (Index Points) -7.40 -10.8 -16.6 -12.4 -9.8 -6.6
Retail Sales MoM (%) 1.30 0.5 0.4 -0.7 0.3 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 0.1 0.3 0.2 0.3 0.5
GDP Annual Growth Rate (%) 1.10 1 1.2 1.1 1.2 1.5
GDP (USD Billion) 12589.50 14300 14300 14300 14300 14800
GDP Constant Prices (EUR Billion) 2651.45 2638 2650 2653 2683 2724
Gross Fixed Capital Formation (EUR Billion) 561.04 547 556 559 568 576
GDP per capita (USD) 40088.65 41500 41500 41500 41500 42300
GDP per capita PPP (USD) 39175.25 40500 40500 40500 40500 41200
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 7.80 7.7 7.5 7.4 7.1 6.8
Unemployed Persons (Thousand) 12757.00 12700 12650 12570 12500 12100
Employed Persons (Million ) 158.90 159 160 161 162 163
Long Term Unemployment Rate (%) 3.50 3.4 3.4 3.3 3.3 3
Youth Unemployment Rate (%) 16.50 16 15.7 15.5 15.1 14
Productivity (Index Points) 105.20 106 106 107 107 109
Labour Costs (Index Points) 106.40 103 114 107 119 120
Wage Growth (%) 2.40 2.3 2.4 2.6 2.4 2.4
Population (Million) 340.72 344 344 344 342 342
Full Time Employment (Thousand) 116891.60 117100 117500 117900 118100 119000
Employment Change (%) 0.30 0.4 0.4 0.5 0.4 0.3
Labor Force Participation Rate (%) 57.30 58.4 58.6 58.8 59 59.5
Part Time Employment (Thousand) 30964.20 32400 32600 32900 33200 34200
Retirement Age Men 64.36 64.5 64.5 64.5 64.5 64.75
Retirement Age Women 63.96 64.2 64.2 64.2 64.2 64.5
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.50 1.6 1.4 1.2 1.3 1.5
Inflation Rate Mom (%) 0.30 1 0.2 0.3 0.5 0.4
Consumer Price Index CPI (Index Points) 103.30 105 106 106 105 107
Core Consumer Prices (Index Points) 102.07 104 105 105 105 106
Core Inflation Rate (%) 1.00 1 1.1 1.2 1.2 1.4
GDP Deflator (Index Points) 110.14 111 112 112 113 115
Producer Prices (Index Points) 105.50 105 105 107 107 109
Producer Prices Change (%) 3.00 2.3 1.7 1.8 1.7 1.9
Import Prices (Index Points) 100.60 101 101 102 103 105
Food Inflation (%) 1.80 1.5 1.4 1.3 1.5 1.7
CPI Housing Utilities (Index Points) 105.23 104 104 105 106 108
CPI Transportation (Index Points) 104.44 105 107 108 106 108
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0.75
Interbank Rate (%) -0.34 -0.34 -0.34 -0.34 -0.34 0.16
Money Supply M1 (EUR Million) 8294556.00 8660000 8810000 8950000 9160000 10900000
Money Supply M2 (EUR Million) 11717261.00 12400000 12500000 12700000 12900000 13800000
Money Supply M3 (EUR Million) 12374319.00 13900000 14100000 14200000 14400000 15900000
Foreign Exchange Reserves (USD Billion) 66.78 78 80 82 85 97
Central Bank Balance Sheet (EUR Million) 4669003.00 5080000 5150000 5320000 5450000 6020000
Loans to Private Sector (EUR Million) 11157541.00 11270000 11320000 11360000 11400000 11700000
Deposit Interest Rate (%) -0.40 -0.4 -0.4 -0.4 -0.4 0.25
Lending Rate (%) 0.25 0.25 0.25 0.25 0.25 1
Loan Growth (%) 3.20 3.2 3.2 3.3 3.4 3.3
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 1547.90 20500 20000 11800 12000 13000
Current Account (EUR Billion) 32.99 32.2 29.6 21.5 29.5 25.1
Current Account to GDP (%) 3.00 2.6 2.6 2.6 2.6 1.9
Imports (EUR Million) 181835.30 174500 171000 169000 166000 172000
Exports (EUR Million) 183383.20 195000 191000 180800 178000 185000
External Debt (EUR Million) 14450131.93 14700000 14800000 14900000 15000000 15400000
Capital Flows (EUR Billion) 81.51 34.2 55.1 20.5 44.5 41.2
Gold Reserves (Tonnes) 504.80 505 505 505 505 505
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 86.70 85.2 85.2 85.2 85.2 84.4
Government Budget (% of GDP) -0.90 -0.8 -0.8 -0.8 -0.8 -0.6
Government Spending (EUR Billion) 545.63 541 543 543 552 560
Government Spending to GDP (%) 47.10 46.5 46.5 46.5 46.5 46.8
Government Debt (EUR Million) 9685501.30 10500000 10500000 10500000 10500000 10900000
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 (Index Points) 0.69 0.25 0.25 0.51 0.99 1
Manufacturing PMI 49.30 50.4 51.5 51.7 52.3 53.1
Services PMI (Index Points) 52.80 51.1 51.5 52.9 52.8 53.3
Composite Pmi (Index Points) 51.90 51.2 51.7 52 52.5 53.2
Industrial Production (%) -1.10 1.6 3.2 3 2.9 2.4
Industrial Production Mom (%) 1.40 0.3 -0.4 -0.6 0.4 0.3
Manufacturing Production (%) -1.90 1.5 2.2 1.9 2.1 2.3
Capacity Utilization (%) 83.60 84.1 84 84 84.1 84.5
Changes In Inventories (EUR Billion) 12.09 4.5 7.1 7.5 6.5 6
Zew Economic Sentiment Index -16.60 -18 -16 -12 -14 -4
Car Registrations (Thousand) 926.05 917 932 951 978 985
Mining Production (%) -5.60 -4 -2 0.5 0.7 1.5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -7.40 -10.8 -16.6 -12.4 -9.8 -6.6
Retail Sales MoM (%) 1.30 0.5 0.4 -0.7 0.3 0.4
Retail Sales YoY (%) 2.20 0.5 0.9 1.2 1.1 1.7
Consumer Spending (EUR Billion) 1424.12 1420 1423 1425 1441 1463
Disposable Personal Income (EUR Million) 1769770.00 1830000 1850000 1870000 1890000 1980000
Personal Savings (%) 12.30 12.5 12.5 12.7 12.7 13.2
Private Sector Credit (EUR Million) 13430150.70 14000000 14200000 14400000 14900000 15400000
Bank Lending Rate (%) 1.99 1.99 1.99 1.99 1.99 2.49
Economic Optimism Index 106.10 105 106 106 106 105
Consumer Credit (EUR Million) 686041.96 709000 711000 715000 720000 732000
Households Debt To GDP (% of GDP) 57.60 55 55 55 55 53.7
Households Debt To Income (%) 94.00 89.9 89.9 89.9 89.9 87.1
Consumer Confidence Price Trends (Index Points) 18.00 17.2 16.4 16 15 15.5
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 0.70 1.6 1.8 2 1.7 1.6
Housing Index (Index Points) 113.37 114 115 116 117 121
Construction Pmi 52.60 50.9 52 53.2 52.9 52.5
Home Ownership Rate (%) 66.10 65.9 65.9 65.9 65.9 65.5


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.