Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.1 1.1 1.09
Stock Market (points) 3425.64 3484 3447 3410 3374 3302
Government Bond 10y (%) 8.22 9.05 9.95 10.95 12.04 14.57
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.40 0.3 0.2 0.3 0.4 0.5
GDP Annual Growth Rate (%) 1.20 1.2 1.1 1.2 1.4 1.5
Unemployment Rate (%) 7.70 7.5 7.4 7.4 7.3 7.2
Inflation Rate (%) 1.70 1.4 1.2 1.3 1.2 1.5
Inflation Rate Mom (%) 0.70 0.2 0.3 0.5 0.9 0.4
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) 22532.90 20000 11800 12000 20900 13000
Current Account (EUR Billion) 15.50 29.6 21.5 29.5 30.1 25.1
Current Account to GDP (%) 3.00 2.9 2.9 2.9 2.7 2.7
Government Debt to GDP (%) 85.10 83 83 83 81 81
Government Budget (% of GDP) -0.50 -0.8 -0.8 -0.8 -0.7 -0.7
Business Confidence (Index Points) 0.42 0.25 0.51 0.99 1.15 1
Manufacturing PMI 47.90 49.8 51.7 52.3 52 53.1
Services PMI (Index Points) 52.80 51.5 52.9 52.8 52.6 53.3
Consumer Confidence (Index Points) -7.90 -10.6 -12.4 -9.8 -7.8 -6.6
Retail Sales MoM (%) 0.00 0.4 -0.7 0.3 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.40 0.3 0.2 0.3 0.4 0.5
GDP Annual Growth Rate (%) 1.20 1.2 1.1 1.2 1.4 1.5
GDP (USD Billion) 12589.50 14300 14300 14300 14800 14800
GDP Constant Prices (EUR Billion) 2662.19 2650 2653 2683 2699 2724
Gross Fixed Capital Formation (EUR Billion) 561.04 556 559 568 569 576
GDP per capita (USD) 40088.65 41500 41500 41500 42300 42300
GDP per capita PPP (USD) 39175.25 40500 40500 40500 41200 41200
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 7.70 7.5 7.4 7.4 7.3 7.2
Unemployed Persons (Thousand) 12545.00 12650 12570 12500 12440 12100
Long Term Unemployment Rate (%) 3.50 3.4 3.3 3.3 3.2 3
Youth Unemployment Rate (%) 16.00 15.7 15.5 15.1 14.7 14
Labour Costs (Index Points) 116.60 116 109 119 120 122
Wage Growth (%) 2.30 2.4 2.6 2.4 2.5 2.4
Population (Million) 340.72 344 344 342 342 342
Employment Change (%) 0.30 0.4 0.5 0.4 0.3 0.3
Labor Force Participation Rate (%) 57.30 58.6 58.8 59 59.1 59.5
Retirement Age Men 64.36 64.5 64.5 64.5 64.75 64.75
Retirement Age Women 63.96 64.2 64.2 64.2 64.5 64.5
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.70 1.4 1.2 1.3 1.2 1.5
Inflation Rate Mom (%) 0.70 0.2 0.3 0.5 0.9 0.4
Consumer Price Index CPI (Index Points) 105.10 106 106 105 106 107
Core Consumer Prices (Index Points) 104.37 105 105 105 105 106
Core Inflation Rate (%) 1.30 1.1 1.2 1.2 1.4 1.4
Producer Prices (Index Points) 105.40 106 107 107 107 109
Producer Prices Change (%) 2.90 2.5 1.8 1.7 1.8 1.9
Food Inflation (%) 1.10 1.4 1.3 1.5 1.6 1.7
CPI Housing Utilities (Index Points) 105.02 104 105 106 107 108
CPI Transportation (Index Points) 107.18 107 108 106 107 108
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.37 -0.35 -0.35 -0.35 -0.1 -0.1
Money Supply M1 (EUR Million) 8461872.00 8810000 8950000 9160000 9160000 10900000
Money Supply M2 (EUR Million) 11888306.00 12500000 12700000 12900000 12900000 13800000
Foreign Exchange Reserves (USD Billion) 70.45 80 82 85 85 97
Central Bank Balance Sheet (EUR Million) 4685377.00 5150000 5320000 5450000 5450000 6020000
Loans to Private Sector (EUR Million) 11195048.00 11320000 11360000 11400000 11400000 11700000
Deposit Interest Rate (%) -0.40 -0.4 -0.4 -0.4 -0.25 0.25
Lending Rate (%) 0.25 0.25 0.25 0.25 0.5 1
Loan Growth (%) 3.20 3.2 3.3 3.4 3.4 3.3
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) 22532.90 20000 11800 12000 20900 13000
Current Account (EUR Billion) 15.50 29.6 21.5 29.5 30.1 25.1
Current Account to GDP (%) 3.00 2.9 2.9 2.9 2.7 2.7
Imports (EUR Million) 183095.50 171000 169000 166000 170100 172000
Exports (EUR Million) 205628.50 191000 180800 178000 191000 185000
External Debt (EUR Million) 14185222.30 14800000 14900000 15000000 15100000 15400000
Gold Reserves (Tonnes) 504.80 505 505 505 505 505
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 85.10 83 83 83 81 81
Government Budget (% of GDP) -0.50 -0.8 -0.8 -0.8 -0.7 -0.7
Government Spending (EUR Billion) 545.63 543 543 552 553 560
Government Spending to GDP (%) 46.80 47 47 47 46.6 46.6
Government Debt (EUR Million) 9859512.70 10500000 10500000 10500000 10900000 10900000
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 0.42 0.25 0.51 0.99 1.15 1
Manufacturing PMI 47.90 49.8 51.7 52.3 52 53.1
Services PMI (Index Points) 52.80 51.5 52.9 52.8 52.6 53.3
Composite Pmi (Index Points) 51.50 51.7 52 52.5 52.2 53.2
Industrial Production (%) -0.60 3.2 3 2.9 2.5 2.4
Industrial Production Mom (%) -0.30 -0.4 -0.6 0.4 0.4 0.3
Manufacturing Production (%) 0.30 2.2 1.9 2.1 2.4 2.3
Changes In Inventories (EUR Billion) 12.09 7.1 7.5 6.5 5.1 6
Zew Economic Sentiment Index -1.60 5.1 -3 -2 1 -4
Car Registrations (Thousand) 934.92 932 951 978 919 985
Mining Production (%) -3.40 -2 0.5 0.7 1.1 1.5
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -7.90 -10.6 -12.4 -9.8 -7.8 -6.6
Retail Sales MoM (%) 0.00 0.4 -0.7 0.3 0.4 0.4
Retail Sales YoY (%) 1.90 0.9 1.2 1.1 1.5 1.7
Consumer Spending (EUR Billion) 1424.12 1423 1425 1441 1444 1463
Disposable Personal Income (EUR Million) 1787679.00 1760694 1774637 1809131 1812707 1836268
Private Sector Credit (EUR Million) 13520393.70 14200000 14400000 14900000 14900000 15400000
Bank Lending Rate (%) 1.99 1.99 1.99 1.99 2.24 2.24
Economic Optimism Index 104.00 106 106 106 106 105
Consumer Credit (EUR Million) 690270.39 673879 679499 694362 699934 704778
Households Debt To GDP (% of GDP) 57.60 55 55 55 53.7 53.7
Households Debt To Income (%) 93.49 89.9 89.9 89.9 87.1 87.1
Consumer Confidence Price Trends (Index Points) 15.70 16.4 16 15 15.5 15.5
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 6.30 1.8 2 1.7 1.5 1.6
Housing Index (Index Points) 114.04 115 116 117 118 121
Construction Pmi 52.10 52 53.2 52.9 53.4 52.5
Home Ownership Rate (%) 66.10 65.9 65.9 65.9 65.5 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.