Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.13 1.15 1.14 1.13 1.13 1.1
Stock Market (points) 10865.77 12196 12056 11919 11784 11256
Government Bond 10Y (%) 0.26 0.52 0.56 0.61 0.66 0.93
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) -0.20 0.4 0.5 0.6 0.5 0.6
GDP Annual Growth Rate (%) 1.10 2 2.1 2 2.2 2.4
Unemployment Rate (%) 3.30 3.4 3.5 3.6 3.7 4
Inflation Rate (%) 2.30 2.2 1.9 1.9 1.9 2.4
Inflation Rate Mom (%) 0.10 0.6 0.4 0.3 0.2 0.6
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) 18300.00 17400 24000 23600 17200 11400
Current Account (EUR Million) 15900.00 17400 30600 20800 19500 15400
Current Account to GDP (%) 8.00 7.8 7.7 7.7 7.7 6.2
Government Debt to GDP (%) 64.10 62.4 60.5 60.5 60.5 60.1
Government Budget (% of GDP) 1.30 0.6 0.7 0.7 0.7 1
Business Confidence (Index Points) 102.00 103 103 104 103 100
Services PMI (Index Points) 52.50 52.5 52.6 54.1 54.6 53.3
Manufacturing PMI 51.50 51.5 51.9 53.4 55.5 54.9
Consumer Confidence (Index Points) 10.40 10.4 9.8 9.7 9.6 9
Retail Sales MoM (%) -0.30 0.9 -0.4 -0.2 0.2 0.2
Corporate Tax Rate (%) 29.79 29.79 29.79 29.79 29.79 29.79
Personal Income Tax Rate (%) 47.50 47.5 47.5 47.5 47.5 47.5
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) -0.20 0.4 0.5 0.6 0.5 0.6
GDP Annual Growth Rate (%) 1.10 2 2.1 2 2.2 2.4
GDP (USD Billion) 3677.44 4020 4140 4140 4140 4370
GDP Constant Prices (EUR Billion) 744.61 755 758 761 761 787
Gross National Product (EUR Billion) 865.59 862 874 883 885 899
Gross Fixed Capital Formation (EUR Billion) 153.73 153 155 156 157 159
GDP per capita (USD) 46747.19 47400 48500 48500 48500 49500
GDP per capita PPP (USD) 45229.25 46000 46700 46700 46700 47400
GDP From Agriculture (EUR Billion) 6.24 5.9 5.44 5.58 6.38 6.15
GDP From Construction (EUR Billion) 43.69 41.23 32.76 41.48 44.65 42.97
GDP From Manufacturing (EUR Billion) 178.02 176 179 186 182 183
GDP From Public Administration (EUR Billion) 137.67 142 140 136 141 148
GDP From Services (EUR Billion) 125.83 124 119 129 129 130
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.30 3.4 3.5 3.6 3.7 4
Employed Persons (Thousand ) 44852.00 44800 44850 44900 45090 45900
Unemployed Persons (Thousand ) 2186.11 2490 2520 2550 2600 2710
Unemployment Change (Thousand) -16.00 7 11 15 9 15
Long Term Unemployment Rate (%) 1.40 1.6 1.7 1.8 1.9 2.3
Youth Unemployment Rate (%) 6.20 6 6.1 6.2 6.3 6.9
Labour Costs (Index Points) 115.29 114 114 115 116 120
Productivity (Index Points) 101.20 104 105 105 106 109
Job Vacancies (Thousand) 807.03 670 691 685 668 640
Wages (EUR/Month) 3875.00 3940 3980 4000 4010 4110
Wages in Manufacturing (Index Points) 114.20 114 115 115 116 120
Wage Growth (%) 0.50 1.4 1.5 1.5 1.6 1.8
Minimum Wages (EUR/Hour) 8.84 8.84 9.5 9.5 9.5 9.5
Population (Million) 82.85 82.85 83.14 83.14 83.14 83.45
Retirement Age Women 65.58 65.58 65.67 65.67 65.67 65.75
Retirement Age Men 65.58 65.58 65.67 65.67 65.67 65.75
Labor Force Participation Rate (%) 60.90 62 62.4 62.6 62.8 64
Living Wage Family (EUR/Month) 1990.00 2000 2150 2150 2150 2200
Living Wage Individual (EUR/Month) 1240.00 1300 1360 1360 1360 1450
Part Time Employment (Thousand) 10897.10 11800 12000 12100 12250 13500
Wages Low Skilled (EUR/Month) 2050.00 2140 2200 2200 2200 2280
Wages High Skilled (EUR/Month) 3550.00 3650 3700 3700 3700 3750
Employment Change (%) 0.20 0.4 0.5 0.5 0.4 0.3
Employment Rate (%) 75.40 75.9 76 75.9 75.7 75.4
Full Time Employment (Thousand) 29382.30 31200 31400 31500 31600 32500
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 2.30 2.2 1.9 1.9 1.9 2.4
Inflation Rate Mom (%) 0.10 0.6 0.4 0.3 0.2 0.6
Consumer Price Index CPI (Index Points) 112.40 113 113 114 115 118
Harmonised Consumer Prices (Index Points) 104.90 105 106 106 107 110
Core Consumer Prices (Index Points) 111.20 112 112 112 113 116
Core Inflation Rate (%) 1.46 1.5 1.5 1.7 1.8 2.1
Producer Prices (Index Points) 105.00 112 115 106 107 124
Producer Prices Change (%) 3.30 2.2 2.3 2.5 2.4 2.3
Export Prices (Index Points) 102.60 103 104 104 105 107
Import Prices (Index Points) 104.70 104 104 105 106 109
Food Inflation (%) 1.60 2 2.1 2.2 2.4 2.5
CPI Housing Utilities (Index Points) 113.20 113 113 114 115 118
CPI Transportation (Index Points) 114.20 111 111 114 115 116
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.32 -0.32 -0.32 -0.32 -0.07 0.43
Money Supply M1 (EUR Billion) 2158.30 2200 2220 2260 2280 2400
Money Supply M2 (EUR Billion) 2993.30 3130 3200 3240 3290 3540
Money Supply M3 (EUR Billion) 3028.10 3500 3620 3740 3830 4510
Foreign Exchange Reserves (EUR Million) 168198.00 171000 173000 175000 177000 185000
Banks Balance Sheet (EUR Billion) 7848.14 8550 8910 9100 9440 10200
Loans to Private Sector (EUR Billion) 1476.91 1480 1510 1520 1540 1700
Private Debt to GDP (%) 147.60 142 138 138 138 132
Central Bank Balance Sheet (EUR Billion) 1817.30 1950 2220 2520 3220 4680
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) 18300.00 17400 24000 23600 17200 11400
Current Account (EUR Million) 15900.00 17400 30600 20800 19500 15400
Current Account to GDP (%) 8.00 7.8 7.7 7.7 7.7 6.2
Imports (EUR Million) 98910.00 76900 83700 82500 86600 79900
Exports (EUR Million) 117204.00 94300 107700 106100 103800 91300
External Debt (EUR Million) 4882730.00 4910000 4980000 5060000 5150000 5510000
Capital Flows (EUR Million) 7626.12 18800 30600 19400 18500 14800
Foreign Direct Investment (EUR Million) 875.86 2500 15100 11100 7400 2130
Gold Reserves (Tonnes) 3369.80 3400 3400 3400 3400 3400
Terms Of Trade (Index Points) 97.99 99.04 100 99.05 99.06 98.17
Tourist Arrivals (Thousand) 37452.00 38800 40000 40000 40000 42100
Crude Oil Production (BBL/D/1K) 41.00 44 44 44 44 44
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 64.10 62.4 60.5 60.5 60.5 60.1
Government Budget (% of GDP) 1.30 0.6 0.7 0.7 0.7 1
Government Budget Value (EUR Billion) 36.06 13 -2 31 -7 9
Government Spending (EUR Billion) 142.29 144 144 145 145 150
Government Spending to GDP (%) 43.90 43.8 43.6 43.6 43.6 43.2
Government Revenues (EUR Billion) 373.32 365 325 348 342 381
Government Debt (EUR Million) 1771735.10 1920000 1940000 1950000 1980000 2070000
Fiscal Expenditure (EUR Billion) 337.26 352 327 317 349 372
Asylum Applications 13190.00 4300 10900 17500 14200 1900
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 29.79 29.79 29.79 29.79 29.79 29.79
Personal Income Tax Rate (%) 47.50 47.5 47.5 47.5 47.5 47.5
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 40.21 40.21 40.21 40.21 40.21 40.21
Social Security Rate For Companies (%) 19.43 19.43 19.43 19.43 19.43 19.43
Social Security Rate For Employees (%) 20.78 20.78 20.78 20.78 20.78 20.78
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 102.00 103 103 104 103 100
Services PMI (Index Points) 52.50 52.5 52.6 54.1 54.6 53.3
Manufacturing PMI 51.50 51.5 51.9 53.4 55.5 54.9
Composite Pmi (Index Points) 52.20 52.2 51.5 53.9 55.2 53.1
Industrial Production (%) 1.60 2.5 2.9 3.2 2.9 2.2
Industrial Production Mom (%) -0.50 0.9 -0.3 0.5 -0.6 0.6
Manufacturing Production (%) 1.50 2.6 3 2.8 2.5 2.4
Capacity Utilization (%) 87.10 86.8 86.7 86.6 86.6 86.2
New Orders (Index Points) 107.60 105 106 107 107 111
Factory Orders (%) 0.30 0.6 -0.6 0.9 -2 0.6
Bankruptcies (Companies) 1490.00 1830 1890 1850 1810 1750
Corporate Profits (EUR Billion) 192.30 211 214 216 218 235
Zew Economic Sentiment Index -17.50 -22 -20 -4 20 25
Car Production (Units) 450500.00 375000 572000 528000 556000 393000
Car Registrations 272674.00 269000 368000 332000 316200 287000
Mining Production (%) -5.70 1.6 1.8 1.9 1.7 1.9
Steel Production (Thousand Tonnes) 3600.00 3010 3900 3770 3320 3050
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 10.40 10.4 9.8 9.7 9.6 9
Retail Sales MoM (%) -0.30 0.9 -0.4 -0.2 0.2 0.2
Retail Sales YoY (%) 5.00 2.6 2.5 2.4 2.3 1.8
Consumer Spending (EUR Billion) 402.80 409 411 412 412 426
Disposable Personal Income (EUR Billion) 496.88 498 500 502 505 515
Personal Savings (%) 10.70 10.5 10.4 10.4 10.3 11
Consumer Credit (EUR Million) 232195.00 265000 271000 274000 279000 295000
Private Sector Credit (EUR Million) 2946631.00 2920000 2930000 2940000 2950000 3120000
Bank Lending Rate (%) 2.03 2.05 2.05 2.05 2.3 2.8
Gasoline Prices (USD/Liter) 1.72 1.74 1.71 1.68 1.65 1.53
Households Debt To GDP (% of GDP) 52.50 51.2 50.4 50.4 50.4 49.5
Households Debt To Income (%) 82.51 79.5 77.4 77.4 77.4 75
Housing Actual Q4 Q1 Q2 Q3 2020
Construction Output (%) 5.00 4.2 3.6 3.2 2.7 1.9
Housing Index (Index Points) 152.86 159 162 165 167 175
Building Permits 24016.00 41700 36500 40500 34700 49700
Construction Pmi 51.30 54.4 54 54.1 53.8 52
Construction Orders (%) 4.10 3.2 3 2.8 2.5 2.7
Home Ownership Rate (%) 51.70 51.4 51.2 51.2 51.2 51


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