Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.19 1.17 1.17 1.16 1.16 1.14
Stock Market (points) 4093.62 3987 3871 3758 3649 3439

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.00 3.2 1.4 0.8 0.6 0.5
GDP Annual Growth Rate (%) 13.70 3.4 4.9 6.2 2.9 2.2
Unemployment Rate (%) 7.70 8.3 8.4 8.1 7.9 7.7
Inflation Rate (%) 2.20 2 2.1 1.2 1.1 1.2
Inflation Rate Mom (%) -0.10 0.5 0.5 0.4 0.3 0.6
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 7500.00 26700 14000 7800 22000 32000
Current Account (EUR Billion) 4.30 25.1 28.9 32 26 30
Current Account to GDP (% of GDP) 3.00 3.2 3.2 3 3 3
Government Debt to GDP (% of GDP) 98.00 102 102 101 101 101
Government Budget (% of GDP) -7.20 -8 -8 -4 -4 -4
Business Confidence (points) 1.90 1.1 0.9 0.5 0.7 1
Manufacturing PMI (points) 62.60 54.6 52 52.6 53.2 52
Services PMI (points) 60.40 56.9 53.8 54 54.5 55
Consumer Confidence (points) -4.40 -10 -12 -7 -6 -8
Retail Sales MoM (%) 4.60 -0.6 0.7 1.2 1 0.6
Corporate Tax Rate (%) 22.70 22.7 23.3 22.7 22.7 22.7
Personal Income Tax Rate (%) 41.70 41.7 41.5 41.7 41.7 41.7

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.00 3.2 1.4 0.8 0.6 0.5
GDP Annual Growth Rate (%) 13.70 3.4 4.9 6.2 2.9 2.2
GDP (USD Billion) 12933.36 12700 12700 13400 13400 13400
GDP Constant Prices (EUR Billion) 2761.46 2820 2843 2869 2842 2906
Gross Fixed Capital Formation (EUR Billion) 587.17 591 614 624 604 628
GDP per capita (USD) 38438.75 39200 39200 40100 40100 40100
GDP per capita PPP (USD) 43681.04 46200 46200 47000 47000 47000

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.70 8.3 8.4 8.1 7.9 7.7
Unemployed Persons (Thousand) 12517.00 13700 14200 13700 13600 13200
Employed Persons (Million ) 157.62 157 156 158 159 159
Long Term Unemployment Rate (%) 3.20 4.4 4.2 4 3.9 3.7
Youth Unemployment Rate (%) 17.30 17.9 18 17.7 17.5 17.5
Productivity (points) 104.80 104 104 104 104 105
Labour Costs (points) 104.70 120 125 122 110 125
Wages (EUR/Month) 1901.00 1807 1942 1987 1988 2044
Wage Growth (%) 2.20 5.1 4.5 4.6 3.2 2.9
Population (Million) 342.41 343 343 345 345 345
Employment Change (%) -0.30 0.5 0.7 0.6 0.4 0.5
Labor Force Participation Rate (%) 56.90 56.5 56.7 56.9 57 57.3
Retirement Age Men 64.61 65 65 65 65 65
Retirement Age Women 64.29 64.75 64.75 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.20 2 2.1 1.2 1.1 1.2
Inflation Rate Mom (%) -0.10 0.5 0.5 0.4 0.3 0.6
Consumer Price Index CPI (points) 107.70 107 107 108 109 109
Core Consumer Prices (points) 106.53 106 106 107 108 108
Core Inflation Rate (%) 0.70 1.4 1.4 1.3 1.4 1.6
GDP Deflator (points) 107.09 109 109 108 108 111
Producer Prices (points) 109.30 107 106 109 111 108
Producer Prices Change (%) 9.60 5.1 2.5 1.9 2 1.7
Food Inflation (%) 0.20 1 1.4 1.6 1.8 2
CPI Housing Utilities (points) 107.78 106 107 108 109 108
CPI Transportation (points) 109.99 105 106 110 111 107

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0
Money Supply M1 (EUR Million) 10772351.00 11060000 11280000 11410000 11510000 11880000
Interbank Rate (%) -0.56 -0.56 -0.56 -0.56 -0.56 -0.56
Money Supply M2 (EUR Million) 14197631.00 14300000 15200000 15290000 15440000 15600000
Money Supply M3 (EUR Million) 14950623.00 14900000 15600000 15800000 15900000 16200000
Foreign Exchange Reserves (USD Billion) 70.99 75 79 77 82 85
Central Bank Balance Sheet (EUR Million) 7950657.00 7990000 8050000 8110000 8190000 8340000
Loans to Private Sector (EUR Million) 4866171.00 5070000 5090000 5060000 5089000 5120000
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 (%) 4.00 2.7 2.5 2.6 2.2 2

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) 7500.00 26700 14000 7800 22000 32000
Current Account (EUR Billion) 4.30 25.1 28.9 32 26 30
Current Account to GDP (% of GDP) 3.00 3.2 3.2 3 3 3
Imports (EUR Million) 180662.30 169200 164000 201200 162200 169000
Exports (EUR Million) 188152.60 195900 196000 209000 184200 201000
External Debt (EUR Million) 14846540.52 16400000 16600000 16500000 16700000 17000000
Capital Flows (EUR Billion) 35.92 15 17 14 21 19
Gold Reserves (Tonnes) 504.77 505 505 505 505 505

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 98.00 102 102 101 101 101
Government Budget (% of GDP) -7.20 -8 -8 -4 -4 -4
Government Spending (EUR Billion) 601.39 607 605 602 601 600
Government Spending to GDP (% of GDP) 54.10 54 54 50 50 50
Government Debt (EUR Million) 11107741.00 12200000 12200000 12700000 12700000 12700000

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 22.70 22.7 23.3 22.7 22.7 22.7
Personal Income Tax Rate (%) 41.70 41.7 41.5 41.7 41.7 41.7
Sales Tax Rate (%) 20.70 20.7 20.8 20.8 20.7 20.7

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 1.90 1.1 0.9 0.5 0.7 1
Manufacturing PMI (points) 62.60 54.6 52 52.6 53.2 52
Services PMI (points) 60.40 56.9 53.8 54 54.5 55
Composite PMI (points) 60.60 55.1 52.8 53.4 54 54.9
Industrial Production (%) 20.50 6.5 5 4.2 4.7 3.6
Industrial Production Mom (%) -1.00 -1.2 0.7 0.9 0.7 0.5
Manufacturing Production (%) 22.10 8.2 5.6 3.4 4.3 3.2
Capacity Utilization (%) 82.90 82 80 81 81.5 82
Zew Economic Sentiment Index 61.20 38 10 5 12 15
Car Registrations (Thousand) 706.09 870 980 380 720 1050
Mining Production (%) 0.70 5.1 4.8 4 4.8 3.4
Industrial Sentiment 14.60 9.1 4 4.2 2.5 3.6
Services Sentiment 19.30 12 10 15 11 25

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -4.40 -10 -12 -7 -6 -8
Retail Sales MoM (%) 4.60 -0.6 0.7 1.2 1 0.6
Retail Sales YoY (%) 9.00 3.8 4.5 5.1 5.5 3.8
Consumer Spending (EUR Billion) 1385.18 1510 1487 1471 1425 1520
Disposable Personal Income (EUR Million) 1857846.00 1905847 1915781 1973032 1911724 1957929
Personal Savings (%) 21.54 13.6 13.8 12.9 12.6 12.5
Private Sector Credit (EUR Million) 12071097.00 12188812 12225468 12375388 12336661 12469978
Bank Lending Rate (%) 1.75 1.75 1.75 1.75 1.75 1.75
Economic Optimism Index 119.00 109 105 104 106 107
Consumer Credit (EUR Million) 695061.02 727336 736332 736648 715218 752532
Households Debt To GDP (% of GDP) 62.70 65 65 63 63 63
Households Debt To Income (%) 96.27 101 101 97 97 97
Consumer Confidence Price Trends (points) 30.00 19 20 19 20 23

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 13.60 5.9 5.1 3.6 4 3.8
Housing Index (points) 129.09 134 130 128 130 125
Construction PMI (points) 50.30 54.9 52 52.9 53.4 54
Home Ownership Rate (%) 65.80 65 65 64.6 64.6 64.6


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.