Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.10 1.09 1.08 1.08 1.07 1.06
Stock Market (points) 12410.68 12266 12109 11954 11801 11501
Government Bond 10Y (%) -0.44 0.06 0.12 0.19 0.27 0.32
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) -0.10 0.3 0.2 0.3 0.4 0.4
GDP Annual Growth Rate (%) 0.40 0.5 0.9 1.2 1.1 1.4
Unemployment Rate (%) 3.10 3 3 2.9 2.9 2.8
Inflation Rate (%) 1.20 1.5 1.4 1.2 1.1 1.2
Inflation Rate Mom (%) 0.00 0.2 0.3 0.3 0.2 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 16205.00 14000 20000 20000 17400 9400
Current Account (EUR Million) 16900.00 18400 27800 22500 20800 15400
Current Account to GDP (%) 7.30 7.1 6.8 6.8 6.8 6.8
Government Debt to GDP (%) 60.90 58.5 55.7 55.7 55.7 55.7
Government Budget (% of GDP) 1.70 1.2 1 1 1 1
Business Confidence (Index Points) 94.60 95.9 95 97 99 101
Services PMI (Index Points) 51.40 52 52.3 52.9 52.6 53.2
Manufacturing PMI 41.70 44.7 50.1 51.9 52.4 52.7
Consumer Confidence (Index Points) 9.90 9.8 9.4 9.1 9.2 9
Retail Sales MoM (%) 0.50 0.6 0.5 -0.4 0.4 0.2
Corporate Tax Rate (%) 30.00 29.79 29.79 30 30 29.79
Personal Income Tax Rate (%) 45.00 47.5 47.5 45 45 47.5
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) -0.10 0.3 0.2 0.3 0.4 0.4
GDP Annual Growth Rate (%) 0.40 0.5 0.9 1.2 1.1 1.4
GDP (USD Billion) 3996.76 4040 4170 4170 4170 4170
GDP Constant Prices (EUR Billion) 810.77 754 756 819 820 767
Gross National Product (EUR Billion) 878.52 882 884 883 889 897
Gross Fixed Capital Formation (EUR Billion) 171.80 156 156 174 174 159
GDP per capita (USD) 47501.80 48500 49500 49500 49500 49500
GDP per capita PPP (USD) 45959.40 46200 46900 46900 46900 46900
GDP From Agriculture (EUR Billion) 7.53 6.07 6.08 6.93 7.62 6.18
GDP From Construction (EUR Billion) 42.14 46.35 46.44 35.17 42.64 47.14
GDP From Manufacturing (EUR Billion) 167.27 174 174 168 169 177
GDP From Public Administration (EUR Billion) 138.88 148 148 143 141 150
GDP From Services (EUR Billion) 127.26 128 128 119 129 130
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.10 3 3 2.9 2.9 2.8
Unemployment Change (Thousand) -10.00 10 9 20 11 15
Long Term Unemployment Rate (%) 1.30 1.6 1.7 1.7 1.1 1.9
Youth Unemployment Rate (%) 5.70 6.5 6.6 5.6 5.5 6.9
Labour Costs (Index Points) 108.22 117 118 119 110 120
Productivity (Index Points) 99.10 101 102 102 103 104
Wages (EUR/Month) 3997.00 3961 3965 3999 3999 4033
Wages in Manufacturing (Index Points) 165.00 102 102 104 104 103
Wage Growth (%) 1.30 1.6 1.7 1.7 1.5 1.6
Minimum Wages (EUR/Hour) 9.19 9.19 9.35 9.35 9.35 9.35
Population (Million) 82.85 83.33 83.81 83.81 83.81 83.81
Retirement Age Women 65.67 65.67 65.75 65.75 65.75 65.75
Retirement Age Men 65.67 65.67 65.75 65.75 65.75 65.75
Labor Force Participation Rate (%) 61.60 63 63.2 63.2 63.4 63.6
Living Wage Family (EUR/Month) 1990.00 2022 2024 2024 2024 2058
Living Wage Individual (EUR/Month) 1240.00 1260 1261 1261 1261 1283
Wages Low Skilled (EUR/Month) 2050.00 2083 2085 2085 2085 2120
Wages High Skilled (EUR/Month) 3550.00 3607 3610 3610 3610 3672
Employment Change (%) 0.10 0.3 0.4 0.3 0.2 0.1
Employment Rate (%) 76.50 75.6 75.5 75.4 75.3 75.4
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.20 1.5 1.4 1.2 1.1 1.2
Inflation Rate Mom (%) 0.00 0.2 0.3 0.3 0.2 0.4
Consumer Price Index CPI (Index Points) 106.00 106 106 107 107 107
Core Consumer Prices (Index Points) 106.10 106 106 106 108 108
Core Inflation Rate (%) 1.40 1.6 1.6 1.7 1.7 1.9
Producer Prices (Index Points) 104.50 107 107 106 106 109
Producer Prices Change (%) 0.30 0.1 0.6 1 0.9 1.2
Food Inflation (%) 1.30 1.2 1.5 1.4 1.4 1.6
CPI Housing Utilities (Index Points) 105.20 105 106 106 106 107
CPI Transportation (Index Points) 106.50 108 107 109 108 109
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.31 -0.06 -0.41 -0.41 -0.06
Foreign Exchange Reserves (EUR Million) 202285.00 206000 208000 207000 209000 211000
Banks Balance Sheet (EUR Billion) 8423.07 8620 8820 9110 92900 9500
Loans to Private Sector (EUR Billion) 1539.90 1560 1491 1527 1558 1700
Private Debt to GDP (%) 147.60 138 132 132 132 132
Central Bank Balance Sheet (EUR Billion) 1779.50 2010 2210 2540 2770 3080
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) 16205.00 14000 20000 20000 17400 9400
Current Account (EUR Million) 16900.00 18400 27800 22500 20800 15400
Current Account to GDP (%) 7.30 7.1 6.8 6.8 6.8 6.8
Imports (EUR Million) 85042.00 79500 91500 90100 88900 82900
Exports (EUR Million) 101247.00 93500 111500 107500 106800 92300
External Debt (EUR Million) 5097491.00 5151000 5154000 5164000 5122000 5196000
Foreign Direct Investment (EUR Million) 7371.32 1460 14500 9800 8200 2130
Tourist Arrivals (Thousand) 38881.00 40000 42100 42100 42100 42100
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 60.90 58.5 55.7 55.7 55.7 55.7
Government Budget (% of GDP) 1.70 1.2 1 1 1 1
Government Spending (EUR Billion) 163.06 146 146 164 165 148
Government Spending to GDP (%) 43.90 44.5 44.7 44.7 44.7 44.7
Government Debt (EUR Million) 1919173.74 1950000 1970000 1980000 2010000 1990000
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 30.00 29.79 29.79 30 30 29.79
Personal Income Tax Rate (%) 45.00 47.5 47.5 45 45 47.5
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 39.06 40.21 40.21 39.06 39.06 40.21
Social Security Rate For Companies (%) 19.44 19.43 19.43 19.44 19.44 19.43
Social Security Rate For Employees (%) 19.63 20.78 20.78 19.63 19.63 20.78
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 94.60 95.9 95 97 99 101
Services PMI (Index Points) 51.40 52 52.3 52.9 52.6 53.2
Manufacturing PMI 41.70 44.7 50.1 51.9 52.4 52.7
Composite Pmi (Index Points) 48.50 51.5 51.9 52.3 52 52.9
Industrial Production (%) -4.00 -2.2 -0.6 1.4 1.2 1.1
Industrial Production Mom (%) 0.30 0.7 -0.4 0.4 -0.6 0.6
Manufacturing Production (%) -4.00 -2.8 -1 0.7 0.9 1
Factory Orders (%) -0.60 0.4 -0.7 1 -1.2 0.6
Corporate Profits (EUR Billion) 182.21 187 186 189 191 195
Zew Economic Sentiment Index -22.50 -28 -20 -4 -8 -4
Car Production (Units) 415500.00 284000 425000 360000 342000 285000
Car Registrations 244622.00 228000 332000 326000 199100 236000
Mining Production (%) -14.50 -12 -6 -2 1.5 2.5
Steel Production (Thousand Tonnes) 3266.16 3020 3760 3680 3290 3050
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 9.90 9.8 9.4 9.1 9.2 9
Retail Sales MoM (%) 0.50 0.6 0.5 -0.4 0.4 0.2
Retail Sales YoY (%) 3.20 0.9 1 1.5 1.7 1.5
Consumer Spending (EUR Billion) 426.09 408 409 430 431 415
Disposable Personal Income (EUR Billion) 501.99 509 510 501 508 517
Personal Savings (%) 10.80 10.7 10.8 10.9 11 11
Consumer Credit (EUR Million) 235851.00 236700 237167 236550 238681 240724
Private Sector Credit (EUR Million) 3064553.00 3060000 3080000 3023860 3081743 3120000
Bank Lending Rate (%) 2.02 2.01 2.26 2.02 2.02 2.26
Gasoline Prices (USD/Liter) 1.54 1.44 1.41 1.34 1.3 1.41
Households Debt To GDP (% of GDP) 53.60 50.4 49.5 49.5 49.5 49.5
Housing Actual Q4 Q1 Q2 Q3 2020
Construction Output (%) 1.40 2.3 2.2 2.1 1.9 1.7
Housing Index (Index Points) 164.78 162 165 164 165 166
Building Permits 27923.00 27200 21500 22100 25900 29700
Construction Pmi 50.10 49.4 50.6 52.9 52.5 52
Construction Orders (%) 2.40 0.5 1 0.9 1.2 1.6
Home Ownership Rate (%) 51.50 51.2 51 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.