Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.11 1.1 1.1 1.09 1.09 1.08
Stock Market (points) 11651.18 11599 11454 11309 11166 10887
Government Bond 10Y (%) -0.69 0.04 0.09 0.15 0.2 0.25
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.10 0 0.2 0.5 0.3 0.4
GDP Annual Growth Rate (%) 0.40 0.6 0.7 1.2 1.4 1.5
Unemployment Rate (%) 3.10 3.1 3.1 3 3 2.8
Inflation Rate (%) 1.70 1.7 1.6 1.8 1.7 1.6
Inflation Rate Mom (%) 0.50 0.2 0.2 0.3 0.3 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 16821.00 17200 14000 20000 20000 9400
Current Account (EUR Million) 20646.19 19500 18400 27800 22500 15400
Current Account to GDP (%) 7.30 7.1 7.1 6.8 6.8 6.8
Government Debt to GDP (%) 60.90 58.5 58.5 55.7 55.7 55.7
Government Budget (% of GDP) 1.70 1.2 1.2 1 1 1
Business Confidence (Index Points) 95.70 94.4 101 103 102 101
Services PMI (Index Points) 54.50 55.9 52 52.3 52.9 53.2
Manufacturing PMI 43.20 45.9 51.5 52 52.6 52.7
Consumer Confidence (Index Points) 9.70 9.7 9.8 9.4 9.1 9
Retail Sales MoM (%) 3.50 0.2 0.6 0.5 -0.4 0.2
Corporate Tax Rate (%) 30.00 29.79 29.79 29.79 30 29.79
Personal Income Tax Rate (%) 45.00 47.5 47.5 47.5 45 47.5
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.10 0 0.2 0.5 0.3 0.4
GDP Annual Growth Rate (%) 0.40 0.6 0.7 1.2 1.4 1.5
GDP (USD Billion) 3996.76 4040 4040 4170 4170 4170
GDP Constant Prices (EUR Billion) 810.77 749 750 757 758 761
Gross National Product (EUR Billion) 879.53 871 876 890 892 890
Gross Fixed Capital Formation (EUR Billion) 155.89 154 155 158 158 158
GDP per capita (USD) 47501.80 48500 48500 49500 49500 49500
GDP per capita PPP (USD) 45959.40 46200 46200 46900 46900 46900
GDP From Agriculture (EUR Billion) 6.44 6.35 6.01 6.52 6.53 6.1
GDP From Construction (EUR Billion) 36.16 43.22 46.12 36.59 36.66 46.82
GDP From Manufacturing (EUR Billion) 172.51 178 173 175 175 176
GDP From Public Administration (EUR Billion) 143.55 139 146 145 146 149
GDP From Services (EUR Billion) 120.42 127 127 122 122 129
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.10 3.1 3.1 3 3 2.8
Unemployment Change (Thousand) 1.00 9 10 9 20 15
Long Term Unemployment Rate (%) 1.30 1.6 1.6 1.7 1.7 1.9
Youth Unemployment Rate (%) 5.50 5.5 5.5 5.4 5.4 5.4
Labour Costs (Index Points) 116.69 117 117 118 119 120
Productivity (Index Points) 98.20 100 101 102 102 104
Wages (EUR/Month) 3932.00 3961 3961 3965 3999 4033
Wages in Manufacturing (Index Points) 117.70 116 117 117 120 119
Wage Growth (%) 1.20 1.6 1.6 1.7 1.7 1.8
Minimum Wages (EUR/Hour) 9.19 9.19 9.19 9.35 9.35 9.35
Population (Million) 82.85 83.18 83.18 83.51 83.51 83.51
Retirement Age Women 65.67 65.67 65.67 65.75 65.75 65.75
Retirement Age Men 65.67 65.67 65.67 65.75 65.75 65.75
Labor Force Participation Rate (%) 61.50 62.8 63 63.2 63.2 63.6
Living Wage Family (EUR/Month) 1990.00 2022 2022 2024 2024 2058
Living Wage Individual (EUR/Month) 1240.00 1260 1260 1261 1261 1283
Wages Low Skilled (EUR/Month) 2050.00 2083 2083 2085 2085 2120
Wages High Skilled (EUR/Month) 3550.00 3607 3607 3610 3610 3672
Employment Change (%) 0.30 0.4 0.3 0.4 0.3 0.3
Employment Rate (%) 76.30 75.7 75.6 75.5 75.4 75.4
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.70 1.7 1.6 1.8 1.7 1.6
Inflation Rate Mom (%) 0.50 0.2 0.2 0.3 0.3 0.4
Consumer Price Index CPI (Index Points) 106.20 106 106 106 108 108
Core Consumer Prices (Index Points) 106.30 106 106 106 108 108
Core Inflation Rate (%) 1.60 1.5 1.6 1.6 1.7 1.9
Producer Prices (Index Points) 105.00 106 106 106 106 108
Producer Prices Change (%) 1.10 1.2 1.4 1.3 1.5 1.7
Food Inflation (%) 1.80 1.5 1.2 1.5 1.4 1.6
CPI Housing Utilities (Index Points) 105.00 105 105 106 107 107
CPI Transportation (Index Points) 107.60 109 108 107 109 110
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.37 -0.33 -0.33 -0.33 -0.33 -0.33
Foreign Exchange Reserves (EUR Million) 193244.00 183000 184000 183000 185000 188000
Banks Balance Sheet (EUR Billion) 8371.76 9140 9420 9620 9910 10200
Loans to Private Sector (EUR Billion) 1539.90 1486 1494 1532 1535 1516
Private Debt to GDP (%) 147.60 138 138 132 132 132
Central Bank Balance Sheet (EUR Billion) 1736.30 2020 2210 2510 2740 3280
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) 16821.00 17200 14000 20000 20000 9400
Current Account (EUR Million) 20646.19 19500 18400 27800 22500 15400
Current Account to GDP (%) 7.30 7.1 7.1 6.8 6.8 6.8
Imports (EUR Million) 89263.00 86600 79500 91500 90100 82900
Exports (EUR Million) 106084.00 103800 93500 111500 107500 92300
External Debt (EUR Million) 4994410.00 4915757 4883414 5054343 5064332 4956665
Foreign Direct Investment (EUR Million) 1077.25 7400 1460 14500 9800 2130
Tourist Arrivals (Thousand) 38881.00 40000 40000 42100 42100 42100
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 60.90 58.5 58.5 55.7 55.7 55.7
Government Budget (% of GDP) 1.70 1.2 1.2 1 1 1
Government Spending (EUR Billion) 143.22 143 145 145 145 147
Government Spending to GDP (%) 43.90 44.5 44.5 44.7 44.7 44.7
Government Debt (EUR Million) 1927156.39 1940000 1950000 1970000 1980000 1990000
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 30.00 29.79 29.79 29.79 30 29.79
Personal Income Tax Rate (%) 45.00 47.5 47.5 47.5 45 47.5
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 39.06 40.21 40.21 40.21 39.06 40.21
Social Security Rate For Companies (%) 19.44 19.43 19.43 19.43 19.44 19.43
Social Security Rate For Employees (%) 19.63 20.78 20.78 20.78 19.63 20.78
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 95.70 94.4 101 103 102 101
Services PMI (Index Points) 54.50 55.9 52 52.3 52.9 53.2
Manufacturing PMI 43.20 45.9 51.5 52 52.6 52.7
Composite Pmi (Index Points) 50.90 51 51.5 51.9 52.3 52.9
Industrial Production (%) -5.20 0.5 1.1 0.9 1.2 1.5
Industrial Production Mom (%) -1.50 -0.6 0.7 -0.4 0.4 0.6
Manufacturing Production (%) -6.10 0.1 0.5 1.1 1.4 1.2
Factory Orders (%) 2.50 -2 0.4 -0.7 1 0.6
Corporate Profits (EUR Billion) 192.10 191 192 189 187 195
Zew Economic Sentiment Index -44.10 -42 -28 -20 -4 -4
Car Production (Units) 359400.00 356000 284000 527000 430000 293000
Car Registrations 332788.00 195200 228000 332000 336000 236000
Mining Production (%) -19.30 -4 -0.6 0.5 1.1 2.5
Steel Production (Thousand Tonnes) 3405.48 3320 3020 3760 3680 3050
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 9.70 9.7 9.8 9.4 9.1 9
Retail Sales MoM (%) 3.50 0.2 0.6 0.5 -0.4 0.2
Retail Sales YoY (%) -1.60 1.1 0.9 1 1.5 1.5
Consumer Spending (EUR Billion) 408.97 405 407 414 415 413
Disposable Personal Income (EUR Billion) 505.02 499 506 511 512 514
Personal Savings (%) 10.50 10.3 10.7 10.8 10.9 11
Consumer Credit (EUR Million) 235851.00 233588 235298 237254 237723 238827
Private Sector Credit (EUR Million) 3045201.00 2960980 2981576 3032851 3087834 3026300
Bank Lending Rate (%) 2.08 2.12 2.12 2.12 2.12 2.12
Gasoline Prices (USD/Liter) 1.64 1.6 1.56 1.52 1.48 1.48
Households Debt To GDP (% of GDP) 52.90 50.4 50.4 49.5 49.5 49.5
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 1.00 2.8 2.3 2.2 2.1 1.7
Housing Index (Index Points) 163.30 162 162 165 164 166
Building Permits 24690.00 25900 30200 27500 27100 31700
Construction Pmi 49.50 50.7 51.6 52 52.9 52
Construction Orders (%) -2.10 0.2 0.5 1 0.9 1.6
Home Ownership Rate (%) 51.40 51.2 51.2 51 51 51


This page has economic forecasts for Germany 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 Germany economy.