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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt To GDP 83.50 83.2 83.2 82.8 82.8 82 percent [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 2.10 2 1.9 1.9 1.9 2.3 percent [+]
GDP 16397.98 16883 17400 17000 16783 18700 USD Billion [+]
Gross Fixed Capital Formation 740871.70 755909 757945 756641 753712 743095 EUR Million [+]
GDP Constant Prices 3485718.70 3512526 3521269 3527670 3532342 3544018 EUR Million [+]
GDP Growth Rate 0.60 0.6 0.6 0.7 0.7 0.7 percent [+]
GDP Per Capita 35632.22 35748 35823 35920 36017 36755 USD [+]
GDP Per Capita Ppp 36198.35 36442 36584 36682 36780 37783 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployed Persons 19092.00 18796 18628 18517 18428 18185 Thousand [+]
Long Term Unemployment Rate 3.80 3.48 3.47 3.42 3.32 2.99 percent [+]
Labour Costs 103.50 104 110 104 110 110 Index Points [+]
Unemployment Rate 7.80 7.8 7.7 7.7 7.6 6.2 percent [+]
Wage Growth 1.60 1.77 1.81 1.89 1.8 1.82 percent [+]
Youth Unemployment Rate 16.90 16.53 16.32 16.15 16.01 15.5 percent [+]
Labor Force Participation Rate 57.80 57.93 57.84 57.72 57.82 57.86 percent [+]
Part Time Employment 42873.50 42633 42980 43028 43072 43393 Thousand [+]
Population 511.81 512 512 513 513 516 Million [+]
Productivity 103.80 105 108 104 106 108 Index Points [+]
Retirement Age Men 64.52 64.47 64.47 64.54 64.57 64.66 [+]
Retirement Age Women 62.63 62.58 62.58 62.77 62.83 63.24 [+]
Employed Persons 224322.20 228252 227633 226311 228534 230721 Thousand [+]
Employment Change 0.40 0.35 0.31 0.27 0.24 0.16 percent [+]
Full Time Employment 175960.30 179503 178493 177482 179028 180156 Thousand [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Core Consumer Prices 102.45 102 102 102 102 102 Index Points [+]
Core Inflation Rate 1.30 1.35 1.41 1.44 1.47 1.51 percent [+]
Inflation Rate 1.40 1.7 1.9 1.8 2 2 percent [+]
Inflation Rate Mom 0.00 0.13 0.09 0.08 0.09 0.09 percent [+]
Producer Prices 104.80 111 113 115 115 130 Index Points [+]
Producer Prices Change 3.70 4.9 4.6 4.2 4.2 2.6 percent [+]
GDP Deflator 107.54 107 108 108 108 108 Index Points [+]
Food Inflation 1.70 1.59 1.57 1.57 1.57 1.57 percent [+]
Cpi Housing Utilities 100.79 101 101 101 102 104 Index Points [+]
Consumer Price Index CPI 102.03 102 102 102 102 102 Index Points [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Imports 161413.40 160250 155885 159603 155751 155777 EUR Million [+]
Exports 165396.70 158568 158044 158835 159223 159372 EUR Million [+]
Balance of Trade 3983.30 276 3351 1557 700 1329 EUR Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt To GDP 83.50 83.2 83.2 82.8 82.8 82 percent [+]
Government Budget -1.70 -2.06 -2.4 -2.16 -2.25 -1.4 percent of GDP [+]
Government Debt 12392802.60 12291603 12153195 12130337 12107480 12181805 EUR Million [+]
Government Spending 722791.60 725628 727442 728992 730431 744034 EUR Million [+]
Government Spending To GDP 46.60 46.81 46.76 46.83 46.91 47.17 percent [+]
Asylum Applications 16640.00 19711 22943 20785 20915 21099 persons [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production Mom 1.20 0.11 0.1 0.09 0.07 0.05 percent [+]
Manufacturing Production 4.40 4.72 4.99 5.11 5.16 5.19 percent [+]
Mining Production -2.80 -2.83 -2.67 -2.69 -2.7 -2.69 percent [+]
Steel Production 14386.87 15008 14395 15083 14378 14382 Thousand Tonnes [+]
Industrial Production 4.00 4.28 4.66 4.84 4.93 5 percent [+]
Business Confidence 5.10 5.96 4.64 2.02 -1.02 -5.27 [+]
Capacity Utilization 82.40 82.37 82.15 81.84 81.49 80.51 percent [+]
Changes In Inventories 22852.50 15753 11648 9498 7857 10187 EUR Million [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Personal Savings 10.06 10.11 10.23 10.23 10.31 10.42 percent [+]
Retail Sales Mom 0.20 0.21 0.22 0.22 0.22 0.22 percent [+]
Retail Sales Yoy 2.60 2.76 2.72 2.71 2.71 2.71 percent [+]
Economic Optimism Index 111.30 111 110 108 106 101 [+]
Consumer Confidence -2.30 -2.05 -1.88 -1.83 -1.81 -1.8 [+]
Consumer Spending 1950818.40 1967260 1974514 1981260 1987333 2028352 EUR Million [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Housing Index 106.61 105 104 103 102 100 Index Points [+]
Home Ownership Rate 69.50 69.57 69.48 69.48 69.49 69.49 percent [+]
Construction Output 2.50 2.56 2.55 2.55 2.55 2.55 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Personal Income Tax Rate 39.00 39.07 39.11 39.07 39.04 39.02 percent [+]
Sales Tax Rate 21.40 21.51 21.54 21.53 21.57 21.54 percent [+]
Corporate Tax Rate 22.50 22.32 22.19 22.12 22.06 21.37 percent [+]