European Union - Forecast | 2017-2020

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.


Overview Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt To GDP 83.50 83.2 82.8 82.8 82.8 82 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 2.30 2.1 2.1 2 2 2.3 percent [+]
GDP 16397.98 17400 16652 16358 16064 18700 USD Billion [+]
Gross Fixed Capital Formation 729681.40 729166 726623 723027 718814 680415 EUR Million [+]
GDP Constant Prices 3517801.50 3549008 3558541 3565095 3569333 3561026 EUR Million [+]
GDP Growth Rate 0.60 0.5 0.6 0.5 0.5 0.7 percent [+]
GDP Per Capita 35632.22 35800 36210 36210 36210 36750 USD [+]
GDP Per Capita Ppp 36198.35 36450 36493 36537 36581 36789 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployed Persons 18747.00 18783 18810 18837 18863 19089 Thousand [+]
Long Term Unemployment Rate 3.70 3.72 3.73 3.74 3.75 3.81 percent [+]
Labour Costs 111.40 112 104 111 104 111 Index Points [+]
Unemployment Rate 7.60 7.6 7.5 7.4 7.3 6.2 percent [+]
Wage Growth 2.40 1.94 2.04 1.68 1.84 1.83 percent [+]
Youth Unemployment Rate 16.70 16.62 16.68 16.8 16.94 18.12 percent [+]
Labor Force Participation Rate 57.50 57.73 57.56 57.6 57.72 57.63 percent [+]
Part Time Employment 42873.50 42946 42936 42922 42906 42748 Thousand [+]
Population 511.81 512 513 513 513 516 Million [+]
Productivity 104.90 106 104 105 103 105 Index Points [+]
Retirement Age Men 64.52 64.41 64.32 64.27 64.22 63.84 [+]
Retirement Age Women 62.63 62.51 62.64 62.7 62.76 62.77 [+]
Employed Persons 227661.30 225932 225341 226446 226536 224670 Thousand [+]
Employment Change 0.40 0.33 0.28 0.24 0.21 0.17 percent [+]
Full Time Employment 175960.30 176132 175353 175809 175867 173834 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Core Consumer Prices 102.63 102 102 102 102 102 Index Points [+]
Core Inflation Rate 1.30 1.34 1.36 1.38 1.39 1.5 percent [+]
Inflation Rate 1.80 2 2 1.9 1.8 2 percent [+]
Inflation Rate Mom 0.40 0.21 0.19 0.2 0.2 0.2 percent [+]
Producer Prices 105.00 113 115 115 105 130 Index Points [+]
Producer Prices Change 2.90 3 3.2 3.4 3.3 2.8 percent [+]
GDP Deflator 108.11 108 109 109 109 109 Index Points [+]
CPI Housing Utilities 100.99 101 101 101 101 101 Index Points [+]
Food Inflation 2.20 2 2.1 2.2 2.5 2.5 percent [+]
Consumer Price Index CPI 102.32 102 102 102 102 102 Index Points [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Imports 150534.70 148867 148448 148009 147573 143885 EUR Million [+]
Exports 145462.30 150796 150687 150408 149923 145426 EUR Million [+]
Balance of Trade -5072.40 -1070 -1725 -2675 -3530 -7128 EUR Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt To GDP 83.50 83.2 82.8 82.8 82.8 82 percent [+]
Government Budget -1.70 -1.4 -1.1 -1.1 -1.1 -0.7 percent of GDP [+]
Government Debt 12392802.60 12053293 11966537 11879781 11793026 10837367 EUR Million [+]
Government Spending 726749.50 730553 732995 734650 736362 746899 EUR Million [+]
Government Spending To GDP 46.60 46.45 46.45 46.44 46.44 46.58 percent [+]
Asylum Applications 35045.00 30623 32857 34501 35872 41081 persons [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production Mom -0.30 -0.06 0.01 0.04 0.04 0.05 percent [+]
Manufacturing Production 3.50 2.69 2.17 1.72 1.4 0.99 percent [+]
Mining Production -0.70 -1.1 -1.21 -1.31 -1.37 -1.53 percent [+]
Steel Production 12622.15 13434 13549 13465 13537 13595 Thousand Tonnes [+]
Industrial Production 3.10 2.78 2.17 1.62 1.22 0.95 percent [+]
Business Confidence 5.40 3.77 1.03 -1.94 -4.56 -5.04 [+]
Capacity Utilization 82.90 82.99 82.82 82.52 82.15 80.81 percent [+]
Changes In Inventories 15691.70 11202 9485 8736 8499 10295 EUR Million [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Savings 10.20 10.51 10.6 10.75 10.89 11.37 percent [+]
Retail Sales Mom 0.00 0.14 0.12 0.12 0.11 0.11 percent [+]
Retail Sales Yoy 2.00 2.23 2.11 2.03 1.96 1.65 percent [+]
Economic Optimism Index 111.90 111 109 106 104 101 [+]
Consumer Confidence -1.50 -2.2 -3.4 -4.6 -5.66 -9.99 [+]
Consumer Spending 1962088.60 1979194 1986741 1993674 1999976 2033689 EUR Million [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Housing Index 108.34 110 109 109 109 94.98 Index Points [+]
Home Ownership Rate 69.50 69.78 69.93 70.08 70.23 71.64 percent [+]
Construction Output 3.10 2.37 1.85 1.46 1.16 0.35 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 39.00 39.2 39.22 39.25 39.28 39.8 percent [+]
Sales Tax Rate 21.40 21.54 21.26 21.24 21.22 21.54 percent [+]
Corporate Tax Rate 22.50 22.55 22.57 22.6 22.62 23.27 percent [+]