GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 1.40 1.3 1.2 1.3 1.5 1.6
GDP (USD Billion) 17277.70 18500 18500 18500 18700 18700
Gross Fixed Capital Formation (EUR Million) 778314.50 783820 797264 788433 789989 801048
GDP Constant Prices (EUR Million) 3640884.00 3666932 3674225 3688215 3695497 3747227
GDP Growth Rate (%) 0.30 0.4 0.3 0.4 0.5 0.6
GDP Per Capita (USD) 36593.03 38500 38500 38500 39750 39750
GDP Per Capita Ppp (USD) 37204.61 38700 38700 38700 39400 39400
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployed Persons (Thousand) 16012.00 16050 16000 15900 15850 15700
Long Term Unemployment Rate (%) 2.80 2.6 2.4 2.4 2.3 2.2
Labour Costs (Index Points) 109.50 118 113 112 112 115
Unemployment Rate (%) 6.50 6.2 6 5.8 5.7 5.5
Wage Growth (%) 2.70 2.7 2.9 2.6 2.7 2.6
Youth Unemployment Rate (%) 14.60 13.8 13.6 13.2 13 12.5
Labor Force Participation Rate (%) 58.20 58.6 58.8 59 59.1 59.5
Population (Million) 512.60 514 514 514 515 515
Retirement Age Men 64.28 64.5 64.5 64.5 65 65
Retirement Age Women 63.44 63.7 63.7 63.7 64 64
Employment Change (%) 0.20 0.4 0.5 0.6 0.4 0.5
Prices Actual Q2 Q3 Q4 Q1 2020
Core Consumer Prices (Index Points) 103.97 105 105 105 104 107
Core Inflation Rate (%) 1.10 1.2 1.3 1.3 1.5 1.5
Inflation Rate (%) 1.60 1.5 1.3 1.4 1.3 1.6
Inflation Rate Mom (%) 0.80 0.4 0.3 0.5 0.9 0.4
Producer Prices (Index Points) 106.70 107 109 108 109 110
Producer Prices Change (%) 3.10 1.8 1.9 1.8 1.9 1.8
Food Inflation (%) 1.70 1.5 1.4 1.6 1.7 1.8
CPI Housing Utilities (Index Points) 105.34 105 106 106 107 108
Cpi Transportation (Index Points) 105.85 108 108 107 106 109
Consumer Price Index CPI (Index Points) 104.87 106 106 106 105 108
Trade Actual Q2 Q3 Q4 Q1 2020
Current Account To GDP (%) 1.30 1.5 1.5 1.5 1.4 1.4
Exports (EUR Million) 156274.30 161100 155500 157400 164100 164200
Imports (EUR Million) 159023.10 154100 158100 152500 159200 158100
Balance of Trade (EUR Million) -2748.90 7000 -2600 4900 4900 6100
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt To GDP (%) 81.60 80.4 80.4 80.4 79.8 79.8
Government Budget (% of GDP) -1.00 -0.9 -0.9 -0.9 -0.7 -0.7
Government Debt (EUR Million) 12504712.50 12900000 12900000 12900000 13200000 13200000
Government Spending (EUR Million) 739661.10 742391 742743 749277 750756 761265
Government Spending To GDP (%) 45.80 45.4 45.4 45.4 45.5 45.5
Taxes Actual Q2 Q3 Q4 Q1 2020
Personal Income Tax Rate (%) 38.60 38.6 38.6 38.6 38.6 38.6
Sales Tax Rate (%) 21.50 21.5 21.5 21.5 21.5 21.5
Corporate Tax Rate (%) 21.30 21.3 21.3 21.3 21.3 21.3
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production Mom (%) 1.00 -0.3 -0.4 0.4 0.4 0.3
Manufacturing Production (%) -1.10 2.3 2 2.2 2.5 2.4
Industrial Production (%) -0.40 2.8 2.7 3 2.8 2.3
Mining Production (%) -3.40 -1.6 0.6 1 1.4 1.6
Steel Production (Thousand Tonnes) 12983.71 14500 14200 14000 14000 14200
Business Confidence (Index Points) -1.50 -6.7 -6.2 -7.8 -7.2 -4
Changes In Inventories (EUR Million) 20970.40 24500 17500 14000 12500 12500
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales Mom (%) 0.40 0.4 -0.8 0.3 0.3 0.4
Retail Sales Yoy (%) 3.30 1.4 1.6 1.5 1.7 2
Economic Optimism Index 105.00 106 106 106 106 107
Consumer Confidence (Index Points) -7.10 -14.2 -12.8 -10.2 -8 -7
Consumer Spending (EUR Million) 2011288.60 2025933 2028819 2037435 2041458 2070034
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 115.38 114 114 115 116 117
Home Ownership Rate (%) 69.30 68.5 68.5 68.5 68.4 68.4
Construction Output (%) 0.50 1.9 2.1 1.8 1.6 1.7


This page has economic forecasts for European Union 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 European Union economy.