Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.14 1.11 1.11 1.1 1.1 1.08
Stock Market (points) 12303.40 11559 11414 11270 11127 10849
Government Bond 10Y (%) -0.33 0.02 0.04 0.07 0.1 0.12
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.40 -0.1 0.3 0.2 0.5 0.4
GDP Annual Growth Rate (%) 0.70 0.7 0.6 0.7 1.2 1.5
Unemployment Rate (%) 3.20 3.2 3.1 3.1 3 2.8
Inflation Rate (%) 1.40 1.4 1.7 1.6 1.8 1.6
Inflation Rate Mom (%) 0.20 0.1 0.2 0.2 0.3 0.4
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (EUR Million) 17900.00 16600 17200 14000 20000 9400
Current Account (EUR Million) 22600.00 20800 19500 18400 27800 15400
Current Account to GDP (%) 7.30 7.1 7.1 7.1 6.8 6.8
Government Debt to GDP (%) 60.90 58.5 58.5 58.5 55.7 55.7
Government Budget (% of GDP) 1.70 1.2 1.2 1.2 1 1
Business Confidence (Index Points) 97.40 97 99.1 103 103 101
Services PMI (Index Points) 55.60 55.6 55.9 52 52.3 53.2
Manufacturing PMI 45.40 45.4 50.9 51.5 52 52.7
Consumer Confidence (Index Points) 9.80 10.5 10.1 9.8 9.4 9
Retail Sales MoM (%) -2.00 -0.2 0.2 0.6 0.5 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.40 -0.1 0.3 0.2 0.5 0.4
GDP Annual Growth Rate (%) 0.70 0.7 0.6 0.7 1.2 1.5
GDP (USD Billion) 3677.44 4140 4140 4140 4370 4370
GDP Constant Prices (EUR Billion) 747.94 748 746 750 757 761
Gross National Product (EUR Billion) 879.53 868 868 876 890 890
Gross Fixed Capital Formation (EUR Billion) 155.89 152 153 155 158 158
GDP per capita (USD) 46747.19 48500 48500 48500 49500 49500
GDP per capita PPP (USD) 45229.25 46700 46700 46700 47400 47400
GDP From Agriculture (EUR Billion) 6.44 5.48 6.33 6.01 6.52 6.1
GDP From Construction (EUR Billion) 36.16 40.21 43.05 46.12 36.59 46.82
GDP From Manufacturing (EUR Billion) 172.51 182 177 173 175 176
GDP From Public Administration (EUR Billion) 143.55 134 138 146 145 149
GDP From Services (EUR Billion) 120.42 127 127 127 122 129
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.20 3.2 3.1 3.1 3 2.8
Unemployed Persons (Thousand ) 2235.97 2550 2600 2650 2690 2710
Unemployment Change (Thousand) 60.00 15 9 10 9 15
Long Term Unemployment Rate (%) 1.30 1.5 1.6 1.6 1.7 1.9
Youth Unemployment Rate (%) 5.30 6.2 6.3 6.5 6.6 6.9
Labour Costs (Index Points) 116.69 115 117 117 118 120
Productivity (Index Points) 99.00 99 100 101 102 104
Wages (EUR/Month) 3938.00 3933 3961 3961 3965 4033
Wages in Manufacturing (Index Points) 115.20 116 116 117 117 119
Wage Growth (%) 1.40 1.5 1.6 1.6 1.7 1.8
Minimum Wages (EUR/Hour) 9.19 9.19 9.19 9.19 9.35 9.35
Population (Million) 82.85 83.18 83.18 83.18 83.51 83.51
Retirement Age Women 65.58 65.66 65.66 65.66 65.74 65.74
Retirement Age Men 65.58 65.66 65.66 65.66 65.74 65.74
Labor Force Participation Rate (%) 61.80 62.6 62.8 63 63.2 63.6
Living Wage Family (EUR/Month) 1990.00 2020 2022 2022 2024 2058
Living Wage Individual (EUR/Month) 1240.00 1259 1260 1260 1261 1283
Wages Low Skilled (EUR/Month) 2050.00 2081 2083 2083 2085 2120
Wages High Skilled (EUR/Month) 3550.00 3603 3607 3607 3610 3672
Employment Change (%) 0.30 0.5 0.4 0.3 0.4 0.3
Employment Rate (%) 76.50 75.9 75.7 75.6 75.5 75.4
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.40 1.4 1.7 1.6 1.8 1.6
Inflation Rate Mom (%) 0.20 0.1 0.2 0.2 0.3 0.4
Consumer Price Index CPI (Index Points) 105.40 105 106 106 106 108
Core Consumer Prices (Index Points) 105.40 106 106 106 106 108
Core Inflation Rate (%) 1.40 1.5 1.6 1.7 1.7 1.9
Producer Prices (Index Points) 105.30 105 107 107 107 109
Producer Prices Change (%) 1.90 1.7 1.9 2 1.8 1.9
Food Inflation (%) 0.80 1.1 1 1.2 1.5 1.6
CPI Housing Utilities (Index Points) 104.90 104 105 105 106 107
CPI Transportation (Index Points) 108.00 107 109 108 107 110
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Interbank Rate (%) -0.31 -0.31 -0.31 -0.31 -0.31 -0.06
Money Supply M2 (EUR Billion) 3077.70 3240 3290 3340 3340 3540
Foreign Exchange Reserves (EUR Million) 180073.00 175000 177000 179000 179000 185000
Banks Balance Sheet (EUR Billion) 8171.05 9100 9440 9820 9820 10200
Loans to Private Sector (EUR Billion) 1513.41 1456 1486 1494 1532 1516
Private Debt to GDP (%) 147.60 138 138 138 132 132
Central Bank Balance Sheet (EUR Billion) 1812.70 2520 3220 3410 3410 4680
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) 17900.00 16600 17200 14000 20000 9400
Current Account (EUR Million) 22600.00 20800 19500 18400 27800 15400
Current Account to GDP (%) 7.30 7.1 7.1 7.1 6.8 6.8
Imports (EUR Million) 91700.00 89500 86600 79500 91500 82900
Exports (EUR Million) 109700.00 106100 103800 93500 111500 92300
External Debt (EUR Million) 4849468.00 4916909 4915757 4883414 4907662 4956665
Foreign Direct Investment (EUR Million) 12085.48 11100 7400 1460 14500 2130
Gold Reserves (Tonnes) 3367.90 3400 3400 3400 3400 3400
Tourist Arrivals (Thousand) 37452.00 40000 40000 40000 42100 42100
Crude Oil Production (BBL/D/1K) 38.00 44 44 44 44 44
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 60.90 58.5 58.5 58.5 55.7 55.7
Government Budget (% of GDP) 1.70 1.2 1.2 1.2 1 1
Government Spending (EUR Billion) 143.22 142 142 145 145 147
Government Spending to GDP (%) 43.90 44.5 44.5 44.5 44.7 44.7
Government Debt (EUR Million) 1914261.15 1950000 1980000 2010000 2020000 2070000
Taxes Actual Q2 Q3 Q4 Q1 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 (%) 39.06 40.21 40.21 40.21 40.21 40.21
Social Security Rate For Companies (%) 19.44 19.43 19.43 19.43 19.43 19.43
Social Security Rate For Employees (%) 19.63 20.78 20.78 20.78 20.78 20.78
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 97.40 97 99.1 103 103 101
Services PMI (Index Points) 55.60 55.6 55.9 52 52.3 53.2
Manufacturing PMI 45.40 45.4 50.9 51.5 52 52.7
Composite Pmi (Index Points) 52.60 52.6 51 51.5 51.9 52.9
Industrial Production (%) -1.80 1.2 1.1 1.5 1.8 2
Industrial Production Mom (%) -1.90 0.5 -0.6 0.7 -0.4 0.6
Manufacturing Production (%) -3.40 1.2 1 1.6 1.9 2.1
Factory Orders (%) 0.30 0.9 -2 0.4 -0.7 0.6
Zew Economic Sentiment Index -21.10 -4 -6 -1 2 -4
Car Production (Units) 445700.00 428000 356000 284000 527000 293000
Car Registrations 332962.00 332000 195200 228000 332000 236000
Mining Production (%) -15.90 -2 1.7 -0.6 0.5 1.2
Steel Production (Thousand Tonnes) 3358.31 3770 3320 3020 3760 3050
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 9.80 10.5 10.1 9.8 9.4 9
Retail Sales MoM (%) -2.00 -0.2 0.2 0.6 0.5 0.2
Retail Sales YoY (%) 4.00 1.9 1.1 0.9 1 1.5
Consumer Spending (EUR Billion) 408.97 405 404 407 414 413
Disposable Personal Income (EUR Billion) 505.02 494 497 506 511 514
Personal Savings (%) 10.50 10.4 10.3 10.7 10.8 11
Consumer Credit (EUR Million) 234441.00 238699 232659 235298 236466 238827
Private Sector Credit (EUR Million) 3004813.00 3020000 3040000 3060000 3080000 3120000
Bank Lending Rate (%) 2.10 2.1 2.1 2.1 2.1 2.35
Gasoline Prices (USD/Liter) 1.72 1.52 1.48 1.44 1.41 1.41
Households Debt To GDP (% of GDP) 52.90 50.4 50.4 50.4 49.5 49.5
Households Debt To Income (%) 82.51 77.4 77.4 77.4 75 75
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 7.60 2.5 2.8 2.3 2.2 1.7
Housing Index (Index Points) 160.02 156 156 157 158 160
Building Permits 26752.00 26700 25900 30200 27500 31700
Construction Pmi 51.40 52 53.8 53.6 53 52
Construction Orders (%) 11.30 0.9 0.2 0.5 1 1.6
Home Ownership Rate (%) 51.40 51.2 51.2 51.2 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.