GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.80 1.9 2.1 2.2 2.3 2.3
GDP (USD Billion) 17277.70 18500 18500 18500 18500 18700
Gross Fixed Capital Formation (EUR Million) 776966.40 775727 789352 794060 794837 813118
GDP Constant Prices (EUR Million) 3629508.50 3669746 3694342 3709358 3712987 3798386
GDP Growth Rate (%) 0.30 0.3 0.3 0.5 0.7 0.7
GDP Per Capita (USD) 36593.03 38500 38500 38500 38500 39750
GDP Per Capita Ppp (USD) 37204.61 38700 38700 38700 38700 39400
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployed Persons (Thousand) 16491.00 16400 16300 16200 16000 15800
Long Term Unemployment Rate (%) 3.00 2.9 2.9 2.8 2.7 2.7
Labour Costs (Index Points) 109.50 107 115 108 116 116
Unemployment Rate (%) 6.70 6 5.9 5.7 5.5 5.4
Wage Growth (%) 2.70 2.8 2.8 2.5 2.5 2.4
Youth Unemployment Rate (%) 15.20 14 13.8 13.6 13.2 13
Labor Force Participation Rate (%) 58.10 58.4 58.6 58.8 59 60
Part Time Employment (Thousand) 43379.70 43300 43400 43500 43600 43800
Population (Million) 512.60 514 514 514 514 516
Productivity (Index Points) 105.70 107 108 109 110 112
Retirement Age Men 64.28 64.5 64.5 64.5 64.5 65
Retirement Age Women 63.44 63.7 63.7 63.7 63.7 64
Full Time Employment (Thousand) 181040.60 182000 183000 184000 185000 187000
Employed Persons (Thousand) 232070.40 233000 233000 234000 235000 236000
Employment Change (%) 0.20 0.4 0.4 0.5 0.6 0.6
Prices Actual Q1 Q2 Q3 Q4 2020
Core Consumer Prices (Index Points) 104.09 105 105 106 106 108
Core Inflation Rate (%) 1.10 1.6 1.6 1.7 1.8 2
Inflation Rate (%) 1.70 2 1.9 2.1 2 2.2
Inflation Rate Mom (%) 0.00 0.3 0.4 0.3 0.5 0.6
Producer Prices (Index Points) 107.30 107 108 109 110 113
Producer Prices Change (%) 4.30 2.9 2.6 2.5 2.4 2.2
Food Inflation (%) 1.30 2.2 2.3 2.4 2.1 2.2
GDP Deflator (Index Points) 109.59 111 112 112 113 115
CPI Housing Utilities (Index Points) 104.99 105 105 106 107 110
Cpi Transportation (Index Points) 105.68 105 108 109 109 111
Consumer Price Index CPI (Index Points) 104.67 105 106 107 107 109
Trade Actual Q1 Q2 Q3 Q4 2020
Exports (EUR Million) 172708.70 176200 165100 162500 169400 174200
Imports (EUR Million) 175885.10 165640 158100 160100 152500 157100
Balance of Trade (EUR Million) -3176.40 10560 7000 2400 16900 17100
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt To GDP (%) 81.60 80.4 80.4 80.4 80.4 79.8
Government Budget (% of GDP) -1.00 -0.9 -0.9 -0.9 -0.9 -0.7
Government Debt (EUR Million) 12504712.50 12900000 12900000 12900000 12900000 13200000
Government Spending (EUR Million) 735678.40 744418 748249 751863 752599 769909
Government Spending To GDP (%) 45.80 45.4 45.4 45.4 45.4 45.5
Asylum Applications (persons) 6400.00 38900 37200 45100 37200 32400
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Industrial Production Mom (%) -1.30 0.3 -0.3 -0.4 0.4 0.3
Manufacturing Production (%) -1.90 3.4 3.8 3.6 3.6 3.8
Industrial Production (%) -2.20 2.5 2.8 2.7 3 2.3
Mining Production (%) -4.30 1.4 1.6 1.7 1.7 1.9
Steel Production (Thousand Tonnes) 14139.95 15200 14500 14200 14000 14200
Business Confidence (Index Points) 2.10 4.6 4.9 4.5 3.2 2
Capacity Utilization (%) 83.40 83.8 83.7 83.7 84.5 84.5
Changes In Inventories (EUR Million) 28005.60 11800 24500 17500 14000 12500
Consumer Actual Q1 Q2 Q3 Q4 2020
Personal Savings (%) 10.00 9.1 8.9 8.8 8.5 8.5
Retail Sales Mom (%) 0.70 0.6 0.4 0.8 0.3 0.4
Retail Sales Yoy (%) 2.10 2.6 2.7 2.9 2.5 2.4
Economic Optimism Index 107.60 110 110 110 109 108
Consumer Confidence (Index Points) -6.00 -2 -2.1 -2.6 -4.6 -7
Consumer Spending (EUR Million) 2003328.40 2029671 2039954 2047402 2049405 2096541
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 114.74 113 114 114 115 117
Home Ownership Rate (%) 69.20 68.5 68.5 68.5 68.5 68.4
Construction Output (%) 3.00 2.5 2.7 2.4 2 2


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.