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 2.60 2.1 2.1 2 2 2.3 percent [+]
GDP 16397.98 17400 16652 16358 16064 18700 USD Billion [+]
Gross Fixed Capital Formation 756200.90 759585 760319 759286 756337 709682 EUR Million [+]
GDP Constant Prices 3549036.50 3565232 3577097 3585454 3591074 3586897 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 18243.00 18262 18290 18318 18346 18585 Thousand [+]
Long Term Unemployment Rate 3.40 3.43 3.45 3.47 3.48 3.6 percent [+]
Labour Costs 111.40 112 104 111 104 111 Index Points [+]
Unemployment Rate 7.40 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 16.50 16.39 16.36 16.43 16.55 17.89 percent [+]
Labor Force Participation Rate 58.00 57.75 57.66 57.94 57.99 57.79 percent [+]
Part Time Employment 43331.80 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 64 64 64 64 [+]
Retirement Age Women 62.63 63 63 63 63 63 [+]
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 178629.30 176132 175353 175809 175867 173834 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Core Consumer Prices 102.58 102 102 102 102 102 Index Points [+]
Core Inflation Rate 1.10 1.14 1.18 1.21 1.24 1.41 percent [+]
Inflation Rate 1.70 2 2 1.9 1.8 2 percent [+]
Inflation Rate Mom 0.10 0.22 0.2 0.2 0.2 0.2 percent [+]
Producer Prices 105.90 113 115 115 117 130 Index Points [+]
Producer Prices Change 2.60 3 3.2 3.4 3.3 2.8 percent [+]
GDP Deflator 108.00 108 108 108 108 107 Index Points [+]
CPI Housing Utilities 101.60 102 103 103 103 103 Index Points [+]
Food Inflation 2.90 2 2.1 2.2 2.5 2.5 percent [+]
Consumer Price Index CPI 102.48 102 102 102 102 102 Index Points [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Imports 153698.50 151646 151102 150652 150209 146457 EUR Million [+]
Exports 156783.00 152480 152129 151895 151445 146971 EUR Million [+]
Balance of Trade 3084.50 -884 -1565 -2531 -3398 -7069 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 726658.80 728101 729829 731247 732505 739992 EUR Million [+]
Government Spending To GDP 46.60 46.45 46.45 46.44 46.44 46.58 percent [+]
Asylum Applications 22625.00 23758 28024 30191 32178 40119 persons [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production Mom -0.50 -0.1 0.04 0.07 0.07 0.06 percent [+]
Manufacturing Production 4.60 3.29 2.66 2.07 1.62 1.01 percent [+]
Mining Production -5.20 -2.65 -2.18 -2.07 -1.95 -1.64 percent [+]
Steel Production 14746.53 13944 14162 13887 13948 13711 Thousand Tonnes [+]
Industrial Production 3.60 3.22 2.53 1.86 1.36 0.96 percent [+]
Business Confidence 8.10 8.24 6.84 3.79 0.16 -5.42 [+]
Capacity Utilization 83.60 82.99 83.73 83.51 83.11 80.68 percent [+]
Changes In Inventories 20171.00 16193 15322 12350 10382 10591 EUR Million [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Savings 10.63 10.88 11.08 11.17 11.24 11.45 percent [+]
Retail Sales Mom -0.50 0.1 0.17 0.13 0.12 0.11 percent [+]
Retail Sales Yoy 0.90 2.26 2.06 1.99 1.94 1.64 percent [+]
Economic Optimism Index 114.30 114 113 111 108 101 [+]
Consumer Confidence -0.70 -0.75 -1.69 -3 -4.26 -9.61 [+]
Consumer Spending 1977022.70 1985693 1993463 2000682 2007231 2043025 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 2.60 2.27 1.79 1.4 1.12 0.34 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 39.00 39 39 39 39 40 percent [+]
Sales Tax Rate 21.40 21.54 21 21 21 21.54 percent [+]
Corporate Tax Rate 22.50 23 23 23 23 23 percent [+]