ECONOMIC SITUATION AND OUTLOOK

Size: px
Start display at page:

Download "ECONOMIC SITUATION AND OUTLOOK"

Transcription

1 ECONOMIC SITUATION AND OUTLOOK December

2 PREFACE This data compilation provides an overview of the most important economic indicators from 1995 onwards. Besides the past development the tables and graphs show the current forecasts and. This outlook is based on the latest economic outlook of the Austrian Institute for Economic Research (December ). The next update of this data set is expected for March. Wirtschaftskammer Österreich Vienna, December

3 CONTENTS page Tables and graphs Economic growth, GDP International growth perspectives Consumption Investment Manufacturing Foreign trade Balance of payments Public finances Interest rates, foreign exchange rates Employment Unemployment Income Inflation 14 1

4 Economic Growth, Gross Domestic Product economic growth real change of GDP 1 in % real GDP 1 index 1995=100 GDP at current prices billion EUR GDP nominal change in % ,0 176, ,3 102,3 182,54 + 3,4 + 2,1 104,4 188,72 + 3,4 + 3,6 108,2 196,35 + 4,0 + 3,6 112,0 203,85 + 3,8 + 3,4 115,8 213,61 + 4,8 + 1,3 117,3 220,53 + 3,2 + 1,7 119,3 226,74 + 2,8 + 0,9 120,3 231,86 + 2,3 + 2,7 123,6 242,35 + 4,5 + 2,2 126,3 254,08 + 4,8 + 3,5 130,7 267,82 + 5,4 + 3,7 135,6 283,98 + 6,0 + 1,5 137,7 293,76 + 3,4-3,8 132,4 288,04-1,9 + 1,8 134,8 295,90 + 2,7 + 2,9 138,7 310,13 + 4,8 + 0,7 139,7 318,65 + 2,7 + 0,0 139,7 323,91 + 1,6 + 0,8 140,8 333,06 + 2,8 + 1,1 142,4 344,49 + 3,4 + 1,5 144,5 353,30 + 2,6 + 3,0 148,9 370,16 + 4,8 + 3,0 153,3 387,88 + 4,8 + 2,2 156,7 403,51 + 4,0 1 based on previous year prices Economic Growth - change in real GDP (in %) 2,3 2,1 3,6 3,6 3,4 1,3 1,7 0,9 2,7 2,2 3,5 3,7 1,5 1,8 2,9 0,7 0,8 1,1 1,5 3,0 3,0 2,2 0,0-3,8 Source: STATISTIK AUSTRIA, WIFO December 2

5 International Growth Perspectives USA Japan Germany ³ Italy Switzerland 1 EU 28 Euro Area 19 OECD- Countries 1 China France 2 Austria real change of GDP in % ,7 + 1, , ,5 +10,9 + 2,2. + 3,8 + 2,6 + 0,8 + 1,3 + 0,5 + 1,8 + 1,6 + 3,1 +10,0 + 1,4 + 2,3 + 4,5 + 1,6 + 1,8 + 1,8 + 1,9 + 2,7 + 2,6 + 3,5 + 9,3 + 2,3 + 2,1 + 4,4-2,0 + 2,0 + 1,6 + 2,8 + 3,0 + 2,9 + 2,8 + 7,8 + 3,6 + 3,6 + 4,7-0,2 + 2,0 + 1,6 + 1,3 + 3,0 + 2,9 + 3,2 + 7,6 + 3,3 + 3,6 + 4,1 + 2,3 + 3,0 + 3,7 + 3,7 + 3,9 + 3,8 + 3,9 + 8,4 + 4,0 + 3,4 + 1,0 + 0,4 + 1,7 + 1,8 + 1,0 + 2,2 + 2,1 + 1,1 + 8,3 + 2,0 + 1,3 + 1,8 + 0,3 + 0,0 + 0,3 + 0,3 + 1,3 + 0,9 + 1,6 + 9,1 + 1,1 + 1,7 + 2,8 + 1,7-0,7 + 0,2-0,2 + 1,5 + 0,6 + 1,9 +10,0 + 0,8 + 0,9 + 3,8 + 2,4 + 1,2 + 1,6 + 2,5 + 2,5 + 2,2 + 3,1 +10,1 + 2,6 + 2,7 + 3,3 + 1,3 + 0,7 + 0,9 + 2,6 + 2,0 + 1,7 + 2,6 +11,3 + 1,7 + 2,2 + 2,7 + 1,7 + 3,7 + 2,0 + 3,6 + 3,4 + 3,2 + 2,9 +12,7 + 2,5 + 3,5 + 1,8 + 2,2 + 3,3 + 1,5 + 3,6 + 3,1 + 3,0 + 2,8 +14,2 + 2,3 + 3,7-0,3-1,0 + 1,1-1,0 + 2,1 + 0,5 + 0,5 + 0,2 + 9,6 + 0,1 + 1,5-2,8-5,5-5,6-5,5-1,9-4,4-4,5-3,6 + 9,2-2,9-3,8 + 2,5 + 4,7 + 4,1 + 1,7 + 3,0 + 2,1 + 2,0 + 3,0 +10,4 + 1,9 + 1,8 + 1,6-0,5 + 3,7 + 0,6 + 1,8 + 1,7 + 1,6 + 2,0 + 9,3 + 2,1 + 2,9 + 2,2 + 1,7 + 0,5-2,8 + 1,1-0,5-0,9 + 1,3 + 7,7 + 0,2 + 0,7 + 1,7 + 1,4 + 0,5-1,7 + 1,8 + 0,3-0,2 + 1,2 + 7,8 + 0,6 + 0,0 + 2,6 + 0,3 + 1,9 + 0,1 + 2,4 + 1,8 + 1,3 + 2,0 + 7,3 + 0,9 + 0,8 + 2,9 + 1,2 + 1,7 + 1,0 + 1,2 + 2,3 + 2,1 + 2,4 + 6,9 + 1,1 + 1,1 + 1,5 + 1,0 + 1,9 + 0,9 + 1,4 + 1,9 + 1,8 + 1,8 + 6,7 + 1,2 + 1,5 + 2,3 + 1,6 + 2,3 + 1,6 + 0,7 + 2,5 + 2,3 + 2,4 + 6,8 + 1,8 + 3,0 + 2,4 + 1,4 + 2,6 + 1,9 + 1,8 + 2,4 + 2,4 + 2,3 + 6,3 + 2,2 + 3,0 + 1,8 + 1,1 + 1,8 + 1,6 + 1,9 + 1,9 + 1,9 + 2,1 + 6,0 + 1,7 + 2,2 1 according to IHS-forecast 2 according to OECD ³ no new data available for and in September Economic Growth - change of real GDP (in %) Euro Area 19 OECD- Countries Austria + 5,0 + 4,0 + 3,0 + 2,0 + 1,0 + 0,0-1,0-2,0-3,0-4,0-5,0 Source: EUROSTAT, WIFO, IHS December 3

6 Consumption durable goods real 1 change in % non-durable goods and services real 1 change in % total private consumption real 1 change in % saving ratio of private households in % of disposable income ,0 + 8,9. + 2,9 102,9-3,9 + 0,8 + 0,4 103,4 + 2,8 + 2,9 + 2,9 106,4 + 8,2 + 1,9 + 2,4 108,9 + 2,1 + 3,2 + 3,1 112,3 + 0,9 + 1,3 + 1,3 113,8 + 0,2 + 0,7 + 0,7 114,6 + 4,4 + 1,5 + 1,7 116,5 + 4,9 + 2,1 + 2,3 119,3 + 2,5 + 2,2 + 2,2 121,9 + 5,7 + 1,7 + 2,1 124,5 + 4,2 + 0,8 + 1,1 125,9 + 3,8 + 0,6 + 0,9 127,1 + 3,8 + 0,5 + 0,9 128,1 + 1,8 + 0,9 + 1,0 129,4 + 5,2 + 0,9 + 1,3 131,1 + 0,4 + 0,5 + 0,5 131,7-3,5 + 0,3-0,1 131,6-1,0 + 0,4 + 0,3 132,0 + 2,8 + 0,3 + 0,5 132,7 + 3,3 + 1,3 + 1,5 134,7 + 2,5 + 1,4 + 1,5 136,7 + 1,5 + 1,7 + 1,7 139,0 + 1,0 + 1,7 + 1,6 141,2 1 based on previous year prices Private Consumption - real change (in %) 2,9 2,9 3,1 0,4 2,4 1,3 0,7 1,7 2,3 2,2 2,1 1,1 0,9 0,9 1,0 1,3 0,5 0,3 0,5 1,5 1,5 1,7 1,6-0,1 Source: STATISTIK AUSTRIA, WIFO December 4

7 Investment machinery & equipment 1 real 2 change in % construction real 2 change in % gross fixed capital formation total real 2 change in % gross fixed capital formation real 2 Index 1995= ,0 + 9,0 + 1,3 + 4,4 104,4 + 0,4-0,4 + 0,7 105,2 + 4,3 + 0,9 + 3,4 108,8 + 0,4-0,0 + 1,2 110,1 +10,0 + 2,5 + 5,8 116,5-0,8-4,0-1,1 115,2-5,1-3,8-2,9 111,9 + 2,8 + 5,4 + 3,8 116,2-0,9 + 1,7 + 0,9 117,3 + 1,6-1,0 + 0,3 117,6 + 1,2-1,0 + 1,2 119,0 + 8,7 + 1,9 + 4,6 124,5 + 2,7 + 0,4 + 1,6 126,5-11,2-7,9-7,2 117,4-3,0-4,4-2,6 114,4 + 9,8 + 2,8 + 6,6 122,0-0,3 + 1,8 + 0,9 123,1 + 1,7-1,6 + 1,6 125,0-1,6-0,1-0,7 124,1 + 1,5 + 1,1 + 1,2 125,7 + 8,6 + 1,1 + 3,7 130,3 + 8,5 + 3,0 + 5,3 137,2 + 5,0 + 1,5 + 3,3 141,7 + 3,3 + 1,4 + 2,4 145,1 1 including other investment 2 based on previous year prices +10,0 + 8,0 + 6,0 + 4,0 + 2,0 + 0,0-2,0-4,0-6,0-8,0 Capital Formation - real change (in %) -10,0 Source: STATISTIK AUSTRIA, WIFO December 5

8 Manufacturing number of employees 1 in number of employees 1 change in % value added real 2 change in % value added real 2 Index 1995= , ,8 + 1,1 101, ,7 + 2,7 103, ,1 + 2,8 106, ,0 + 4,3 111, ,0 + 6,3 118, ,3 + 2,9 121, ,7-1,3 120, ,4 + 0,7 121, ,5 + 3,1 124, ,7 + 4,4 130, ,0 + 7,7 140, ,5 + 7,6 151, ,1 + 1,1 152, ,6-14,7 130, ,4 + 8,1 140, ,8 + 7,2 151, ,1 + 2,0 154, ,2 + 0,3 154, ,1 + 2,5 158, ,5 + 0,6 159, ,8 + 1,3 161, ,2 + 6,4 171, ,0 + 6,8 183, ,6 + 3,4 189,7 1 according to Hauptverband der Sozialversicherungsträger (including mining); : break in time series 2 contribution of manufacturing (including mining) to GDP at previous year prices; Manufacturing: contribution to GDP - real change of value added (in %) 1,1 2,7 2,8 4,3 6,3 2,9 0,7 3,1 4,4 7,7 7,6 1,1 8,1 7,2 2,0 0,3 2,5 0,6 1,3 6,4 6,8 3,4-1,3-14,7 Source: STATISTIK AUSTRIA, WIFO December 6

9 Foreign Trade exports of goods imports of goods current prices real current prices real change to previous year in % ,4 + 4,4 + 5,6 + 3,4 +15,8 +15,6 +10,6 + 8,9 + 8,3 + 8,2 + 6,9 + 7,3 + 7,3 + 7,8 + 6,0 + 5,8 +15,7 +13,4 +14,1 +11,4 + 6,3 + 6,0 + 4,2 + 4,9 + 3,8 + 4,3-1,4-0,0-0,5 + 0,0 + 2,2 + 3,8 +11,7 +10,6 +10,9 + 9,2 + 8,3 + 6,1 + 8,1 + 5,0 +11,2 + 7,9 +10,4 + 6,3 +10,1 + 8,4 + 8,9 + 7,1 + 2,9 + 0,9 + 4,8 + 0,9-19,3-16,6-17,7-12,5 +22,5 +18,4 +20,4 +14,3 +10,3 + 6,3 +13,1 + 6,3 + 1,8 + 0,9 + 1,6-0,0-1,7-0,8-2,7-2,0 + 2,0 + 2,9 + 0,2 + 2,1 + 2,1 + 3,1 + 1,1 + 3,7 + 0,1 + 1,3 + 1,5 + 3,2 + 8,5 + 5,8 + 8,5 + 5,2 + 7,5 + 5,5 + 6,8 + 4,5 + 5,2 + 4,5 + 4,4 + 3,9 Exports and imports of goods - at current prices, change (in %) +18,0 +13,0 + 8,0 + 3,0-2,0-7,0-12,0-17,0 exports imports -22,0 Source: STATISTIK AUSTRIA, WIFO December 7

10 Balance of payments foreign trade tourism others current account balance current account balance % of GDP deficit/surplus, billion EUR ,99 + 4,04-3,12-5,06-2,9-6,73 + 3,61-2,08-5,20-2,8-5,12 + 3,11-2,54-4,55-2,4-4,50 + 3,37-2,01-3,15-1,6-4,48 + 3,75-2,60-3,32-1,6-4,34 + 3,83-1,01-1,53-0,7-3,61 + 3,68-1,83-1,75-0,8 + 1,35 + 4,29 + 0,23 + 5,87 2,6-1,54 + 4,28 + 1,04 + 3,78 1,6-0,56 + 4,73 + 0,99 + 5,15 2,1-1,05 + 5,40 + 0,96 + 5,31 2, ,57 + 5,84 + 1,31 + 8,82 3,3 + 3,90 + 6,14 + 2,38 +10,80 3,8 + 1,57 + 7,06 + 7,37 +13,21 4,5-0,49 + 6,23 + 3,78 + 7,49 2,6-1,38 + 6,41 + 6,61 + 8,45 2,9-3,63 + 6,96 + 5,67 + 5,06 1,6-3,16 + 7,00 + 8,25 + 4,73 1,5-1,00 + 7,51 + 2,24 + 6,29 1,9 + 0,84 + 7,42-0,02 + 8,24 2,5 + 2,09 + 8,14-3,61 + 6,62 1,9 + 0,30 + 8,43-1,22 + 7,51 2,1 + 0,33 + 8,82-1,14 + 8,01 2,2 + 1,33 + 9,25-1,41 + 9,17 2,4 + 2,59 + 9,72-1,22 +11,09 2,7 1 : break in time series * : neues Erhebungskonzept; Daten rückgerechnet Current Account Balance billion EURO 13,21 10,80 11,09 5,87 3,78 5,15 5,31 8,82 7,49 8,45 5,06 4,73 6,29 8,24 6,62 7,51 8,01 9,17-1,53-1,75-5,06-5,20-4,55-3,15-3, ¹ : break in time series Source: STATISTIK AUSTRIA, WIFO December 8

11 Public finances public financial balances (deficit/surplus) general government (Maastricht definition) primary financial balance * billion EUR % of GDP billion EUR % of GDP ,84-6,2-3,77-2,1-7,95-4,4-0,79-0,4-4,48-2,4 + 2,33 + 1,2-5,34-2,7 + 1,69 + 0,9-5,24-2,6 + 1,77 + 0,9-4,41-2,1 + 3,20 + 1,5-1,45-0,7 + 6,50 + 3,0-3,20-1,4 + 4,61 + 2,0-4,23-1,8 + 3,15 + 1,4-11,73-4,9-4,44-1,8-6,46-2,6 + 1,73 + 0,7-6,87-2,6 + 1,53 + 0,6-3,93-1,4 + 4,97 + 1,8-4,47-1,5 + 4,18 + 1,4-15,43-5,4-6,39-2,2-13,18-4,5-4,63-1,6-7,99-2,6 + 0,63 + 0,2-7,05-2,2 + 1,58 + 0,5-4,41-2,0 + 4,00 + 0,7-8,99-2,7-0,95-0,2-3,44-1,0 + 4,38 + 1,3-5,65-1,6 + 1,92 + 0,5-2,22-0,6 + 4,40 + 1,2-1,55-0,4 + 4,70 + 1,2-0,40-0,1 + 5,20 + 1,3 1 except interest payment for public debt + 1,0 Public Deficit net lending (Maastricht-definition), % of GDP + 0,0-1,0-2,0-3,0-4,0-5,0-6,0-7, Source: STATISTIK AUSTRIA, WIFO December 9

12 Interest Rates, Foreign Exchange Rates interest rates (per cent) effective foreign-exchange rate (% change to previous year) short term 1 long term 2 nominal real ,8 7,1 + 6,6 + 2,0 5,1 6,3-0,6-2,9 4,4 5,7-1,7-4,3 4,0 4,7 + 2,3 + 0,1 3,0 4,7 + 1,2-1,1 4,4 5,6-2,7-3,9 4,3 5,1 + 0,7-0,3 3,3 5,0 + 1,2 + 0,5 2,3 4,2 + 4,4 + 3,4 2,1 4,2 + 1,5 + 0,9 2,2 3,4-0,9-1,3 3,1 3,8 + 0,0-0,7 4,3 4,3 + 1,1 + 0,5 4,6 4,4 + 1,0 + 0,1 1,2 3,9 + 1,1 + 0,5 0,8 3,2-2,7-3,0 1,4 3,3 + 0,2 + 0,6 0,6 2,4-1,5-1,5 0,2 2,0 + 1,8 + 2,1 0,2 1,5 + 1,2 + 1,5 0,0 0,7-2,9-2,9-0,3 0,4 + 1,2 + 1,3-0,3 0,6 + 1,4 + 1,7-0,3 0,6 + 0,7 + 0,9-0,1 0,9 + 0,4 + 0,1 1 3-months interest rate 2 federal bonds with a ten-year-term (Benchmark) Short-term and long term rates per cent 9,0 7,0 5,0 yields of long-term government bonds 3,0 1,0 3-months interest rate -1, Source: STATISTIK AUSTRIA, WIFO December 10

13 Employment employees foreign workers number (1 000) change, change, % number (1 000) ,7 + 1,9 + 0,1 300, ,1-16,6-0,6 300, ,6 +10,5 + 0,4 298, ,0 +32,4 + 1,1 298, ,2 +37,2 + 1,2 305, ,4 +28,2 + 0,9 319, ,9 +12,4 + 0,4 329, ,9-15,0-0,5 334, ,4 + 5,5 + 0,2 349, ,5 +21,1 + 0,7 361, ,4 +31,9 + 1,0 373, ,9 +51,5 + 1,7 389, ,4 +65,5 + 2,1 411, ,0 +55,6 + 1,7 437, ,5-48,5-1,5 431, ,0 +25,5 + 0,8 451, ,3 +63,3 + 1,9 488, ,5 +47,2 + 1,4 527, ,7 +21,2 + 0,6 556, ,5 +23,8 + 0,7 588, ,7 +33,2 + 1,0 615, ,4 +53,7 + 1,6 651, ,4 +70,0 + 2,0 697, ,4 +66,0 + 1,8 741, ,4 +40,0 + 1,1 771,7 1 according to HVSV (without receivers of maternity leave allowance and people doing their military service) 2 break in time series Employment number of employees, change in thousands 32,4 37,2 28,2 21,1 31,9 51,5 65,5 55,6 25,5 63,3 47,2 23,8 33,2 53,7 70,0 66,0 40,0 1,9 10,5 12,4 5,5-16,6-15,0-48, * * break in time series Source: STATISTIK AUSTRIA, WIFO December 11

14 Unemployment registered unemployment (1 000) 1 unemployment rate number (1 000) annual change (1 000) % of employees 1 % of labour force ,7 + 0,8 6,6 4,2 230,5 + 14,8 7,0 4,7 233,3 + 2,8 7,1 4,7 237,8 + 4,5 7,2 4,7 221,7-16,1 6,7 4,2 194,3-27,4 5,8 3,9 203,9 + 9,6 6,1 4,0 232,4 + 28,5 6,9 4,4 240,1 + 7,7 7,0 4,8 243,9 + 3,8 7,1 5,5 252,7 + 8,8 7,3 5,6 239,2-13,5 6,8 5,3 222,2-17,0 6,2 4,9 212,3-9,9 5,9 4,1 260,3 + 48,0 7,2 5,3 250,8-9,5 6,9 4,8 246,7-4,1 6,7 4,6 260,6 + 13,9 7,0 4,9 287,2 + 26,6 7,6 5,4 319,4 + 32,2 8,4 5,6 354,3 + 35,0 9,1 5,7 357,3 + 3,0 9,1 6,0 340,3-17,0 8,5 5,6 320,3-20,0 7,9 5,4 312,3-8,0 7,7 5,3 1 according to Arbeitsmarktservice 2 EUROSTAT-definition (survey-based data; saisonal adjusted) Unemployment rate according to AMS (registered unemployment) 6,6 7,0 7,1 7,2 6,7 5,8 6,1 6,9 7,0 7,1 7,3 6,8 6,2 5,9 7,2 6,9 6,7 7,0 7,6 8,4 9,1 9,1 8,5 7,9 7, Source: AMS, STATISTIK AUSTRIA, WIFO December 12

15 Income gross income per employee 1 net income per employee 1 nominal real nominal real change to previous year (%) ,8-1,0-0,6-2,4 + 0,7-0,7-1,2-2,5 + 3,0 + 2,1 + 3,4 + 2,5 + 2,0 + 1,4 + 1,6 + 1,0 + 2,5 + 0,2 + 3,2 + 0,8 + 1,4-1,2 + 0,6-1,9 + 2,2 + 0,4 + 1,8 + 0,0 + 1,7 + 0,3 + 1,4 + 0,0 + 1,8-0,3 + 1,9-0,2 + 2,3-0,0 + 2,6 + 0,3 + 3,1 + 1,6 + 2,9 + 1,4 + 3,1 + 0,9 + 3,1 + 0,9 + 3,2-0,0 + 2,5-0,7 + 1,6 + 1,0 + 3,4 + 2,9 + 1,0-0,8 + 0,8-1,0 + 1,8-1,4 + 1,4-1,8 + 2,7 + 0,3 + 2,4 + 0,0 + 1,9-0,1 + 1,5-0,5 + 1,7 + 0,0 + 1,1-0,6 + 2,1 + 1,2 + 1,6 + 0,7 + 2,3 + 1,3 + 5,2 + 4,3 + 2,1 + 0,0 + 2,0-0,1 + 2,6 + 0,6 + 2,2 + 0,2 + 2,7 + 0,7 + 2,2 + 0,3 1 income per employment contract (acc. to National Accounts) 2 : break in time series 5 Real Income Development - (inflation-adjusted) change to previous year (%) real cross income real net income -5 Source: STATISTIK AUSTRIA, WIFO December 13

16 Inflation inflation rate 1 price development change of Index 1995=100 consumer price index 1 core inflation 2 change (%) Harmonized consumer price index 3 change (%) ,2 100,0. 1,7 1,9 101,9. 1,7 1,3 103,2 1,1 1,2 0,9 104,2 1,2 0,8 0,6 104,8 0,7 0,5 2,3 107,2 0,9 2,0 2,7 110,1 2,3 2,3 1,8 112,1 2,0 1,7 1,3 113,5 1,3 1,3 2,1 115,9 1,6 2,0 2,3 118,6 1,5 2,1 1,5 120,3 1,3 1,7 2,2 123,0 1,9 2,2 3,2 126,9 2,4 3,2 0,5 127,6 1,5 0,4 1,9 130,0 1,2 1,7 3,3 134,3 2,8 3,6 2,4 137,5 2,3 2,6 2,0 140,3 2,3 2,1 1,7 142,6 1,9 1,5 0,9 143,9 1,7 0,8 0,9 145,2 1,5 1,0 2,1 148,3 2,2 2,2 2,0 151,2 2,1 2,0 1,9 154,1 2,0 1,9 1 consumer price index according to national calculation 2 without energy and unprocessed food 3 HCPI: Europe-wide standardized consumer price index Inflation rate change of consumer price index (%) 3,2 3,3 2,7 2,2 1,9 1,3 2,3 1,8 1,3 2,1 2,3 1,5 2,2 1,9 2,4 2,0 1,7 2,1 2,0 1,9 0,9 0,6 0,5 0,9 0, Source: STATISTIK AUSTRIA, WIFO December 14

ECONOMIC SITUATION AND OUTLOOK

ECONOMIC SITUATION AND OUTLOOK ECONOMIC SITUATION AND OUTLOOK March PREFACE This data compilation provides an overview of the most important economic indicators from 1995 onwards. Besides the past development the tables and graphs show

More information

ECONOMIC SITUATION AND OUTLOOK

ECONOMIC SITUATION AND OUTLOOK ECONOMIC SITUATION AND OUTLOOK October PREFACE This data compilation provides an overview of the most important economic indicators from 1995 onwards. Besides the past development the tables and graphs

More information

STATISTICAL YEARBOOK 2017

STATISTICAL YEARBOOK 2017 STATISTICAL YEARBOOK 2017 May 2017 For further statistical data, links and contacts, please visit the WKO-Internet pages: http://wko.at/statistik and/or http://wko.at/zdf Detailed statistical Information

More information

Bank Austria Economics & Market Analysis Austria. Austrian Economy. December

Bank Austria Economics & Market Analysis Austria. Austrian Economy. December Bank Austria Economics & Market Analysis Austria Austrian Economy December http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria

More information

STATISTICAL YEARBOOK 2014

STATISTICAL YEARBOOK 2014 STATISTICAL YEARBOOK 2014 May 2014 For further statistical data, links and contacts, please visit the WKO-Internet pages: http://wko.at/statistik and/or http://wko.at/zdf Detailed statistical Information

More information

Bank Austria Economics & Market Analysis Austria. Austrian Economy. July

Bank Austria Economics & Market Analysis Austria. Austrian Economy. July Bank Austria Economics & Market Analysis Austria Austrian Economy July http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG

More information

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 00 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /00 Economic Forecasts for Austria Percentage change over previous year 008 009 00 0 GDP (real).0.8..4

More information

Bank Austria Economics & Market Analysis Austria. Austrian Economy. February

Bank Austria Economics & Market Analysis Austria. Austrian Economy. February Bank Austria Economics & Market Analysis Austria Austrian Economy February http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria

More information

X PLICIT. Key Economic Indicators June A Member of HVB Group. Banking for success.

X PLICIT. Key Economic Indicators June A Member of HVB Group. Banking for success. Business Information http://economicresearch-e.ba-ca.com X PLICIT Key Economic Indicators June 2005 Banking for success. A Member of HVB Group ECONOMIC FORECASTS FOR AUSTRIA* Percentage change over previous

More information

Key Economic Indicators

Key Economic Indicators BA-CA ECONOMIC RESEARCH Key Economic Indicators December 2006 Banking for success. ECONOMIC FORECASTS FOR AUSTRIA* Percentage change over previous year 2005 2006 2 2007 2 2008 2 GDP (real) 3 2.0 3.2 2.4

More information

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 00 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /00 Economic Forecasts for Austria Percentage change over previous year 008 009 00 0 GDP (real)..9..4

More information

Bank Austria Economics & Market Analysis Austria. Austrian Economy. May

Bank Austria Economics & Market Analysis Austria. Austrian Economy. May Bank Austria Economics & Market Analysis Austria Austrian Economy May http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG Schottengasse

More information

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 0 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /0 Economic Forecasts for Austria Percentage change over previous year 009 00 0 0 GDP (real).9.9.0.8

More information

Bank Austria Economics & Market Analysis Austria. Austrian Economy. August

Bank Austria Economics & Market Analysis Austria. Austrian Economy. August Bank Austria Economics & Market Analysis Austria Austrian Economy August http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG

More information

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 0 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /0 Economic Forecasts for Austria Percentage change over previous year 00 0 0 0 GDP (real)..0

More information

Bank Austria Economics and Market Analysis. Austrian Economy. May

Bank Austria Economics and Market Analysis. Austrian Economy. May Bank Austria Economics and Market Analysis Austrian Economy May http://economicresearch-e.bankaustria.at Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG Economics & Market Analysis

More information

Bank Austria Economics and Market Analysis. Austrian Economy. January

Bank Austria Economics and Market Analysis. Austrian Economy. January Bank Austria Economics and Market Analysis Austrian Economy January 9 http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG Economics

More information

The impact of the European System of Accounts 2010 on euro area macroeconomic statistics

The impact of the European System of Accounts 2010 on euro area macroeconomic statistics Box 8 The impact of the European System of Accounts 21 on euro area macroeconomic statistics The introduction of the new European System of Accounts 21 (ESA 21) in line with international statistical standards

More information

Group Economic Research /// Institutional Affairs 9 July 2018

Group Economic Research /// Institutional Affairs 9 July 2018 Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10

More information

Group Economic Research /// Institutional Affairs 12 November 2018

Group Economic Research /// Institutional Affairs 12 November 2018 Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10

More information

Group Economic Research /// Institutional Affairs 16 October 2018

Group Economic Research /// Institutional Affairs 16 October 2018 Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10

More information

Group Economic Research /// Institutional Affairs 19 March 2019

Group Economic Research /// Institutional Affairs 19 March 2019 Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10

More information

EMPLOYMENT RATE IN EU-COUNTRIES 2000 Employed/Working age population (15-64 years)

EMPLOYMENT RATE IN EU-COUNTRIES 2000 Employed/Working age population (15-64 years) EMPLOYMENT RATE IN EU-COUNTRIES 2 Employed/Working age population (15-64 years EU-15 Denmark Netherlands Great Britain Sweden Portugal Finland Austria Germany Ireland Luxembourg France Belgium Greece Spain

More information

AustrianEconomy UNICREDIT BANK AUSTRIA ECONOMICS & MARKET ANALYSIS AUSTRIA

AustrianEconomy UNICREDIT BANK AUSTRIA ECONOMICS & MARKET ANALYSIS AUSTRIA AustrianEconomy UNICREDIT BANK AUSTRIA ECONOMICS & MARKET ANALYSIS AUSTRIA November 7 Austrian Economy Overview 6 Rev. ) 7 Rev. ) 8 Rev. ) 9 Rev. ) GDP (real, in %).5... Inflation (CPI in %).9...9 ) Revision

More information

Schwerpunkt Außenwirtschaft 2016/17 Austrian economic activity, Austria's price competitiveness and a summary on external trade

Schwerpunkt Außenwirtschaft 2016/17 Austrian economic activity, Austria's price competitiveness and a summary on external trade Schwerpunkt Außenwirtschaft /7 Austrian economic activity, Austria's price competitiveness and a summary on external trade Christian Ragacs, Klaus Vondra Abteilung für volkswirtschaftliche Analysen, OeNB

More information

EMPLOYMENT RATE Employed/Working age population (15-64 years)

EMPLOYMENT RATE Employed/Working age population (15-64 years) 1 EMPLOYMENT RATE 1980-2003 Employed/Working age population (15-64 years 80 % Finland (Com 75 70 65 60 EU-15 Finland (Stat. Fin. 55 50 80 82 84 86 88 90 92 94 96 98 00 02 9.9.2002/SAK /TL Source: European

More information

Austria. Austria Total OECD Austria (Maastricht)

Austria. Austria Total OECD Austria (Maastricht) 2. FISCAL CONSOLIDATION: OECD COUNTRY PROFILES: AUSTRIA 79 Austria 1. Economic situation After the sharp contraction by 3.6% of real GDP in 29 during the world-wide recession, the Austrian economy a small

More information

Austria s economy will grow by 2¾% in 2017

Austria s economy will grow by 2¾% in 2017 Gerhard Fenz, Friedrich Fritzer, Martin Schneider 1 In the first half of 217, Austria s economy gathered further momentum. With growth rates by.8% in both the first and the second quarters, Austria recorded

More information

ECONOMIC BULLETIN - No. 41, NOVEMBER Statistical tables

ECONOMIC BULLETIN - No. 41, NOVEMBER Statistical tables ECONOMIC BULLETIN - No. 41, NOVEMBER 2005 APPENDIX Appendix Statistical tables The world economy Table a1 GDP at constant prices a2 Industrial production a3 Consumer prices a4 External current account

More information

SPANISH EXTERNAL SECTOR AND COMPETITIVENESS: SOME HIGHLIGHTS

SPANISH EXTERNAL SECTOR AND COMPETITIVENESS: SOME HIGHLIGHTS SPANISH EXTERNAL SECTOR AND COMPETITIVENESS: SOME HIGHLIGHTS Summary Spain has significantly increased its trade openness in the last two decades Despite the global crisis and increased competition from

More information

The GLOBAL and the EUROPEAN. Economic Outlook. Malaga, 19th May 2016 Christian Rebernig. handelsagenten.at

The GLOBAL and the EUROPEAN. Economic Outlook. Malaga, 19th May 2016 Christian Rebernig. handelsagenten.at The GLOBAL and the EUROPEAN Malaga, 19th May 2016 Christian Rebernig Economic Outlook handelsagenten.at The influences in 2016 handelsagenten.at 2 Growth forecasts 2015, 2016 and 2017 World 3,1 / 3,2 /

More information

Bank Austria Economics & Market Analysis Austria. Austrian Economy. September

Bank Austria Economics & Market Analysis Austria. Austrian Economy. September Bank Austria Economics & Market Analysis Austria Austrian Economy September http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria

More information

INVEST IN CROATIA. Agency for Investments and Competitiveness

INVEST IN CROATIA. Agency for Investments and Competitiveness INVEST IN CROATIA Agency for Investments and Competitiveness CROATIA: Area (sq km thousands): 56.6 Population (million): 4.17 GDP (USD, billions): 50.71 GDP growth (%): 3.0 Inflation (%): -0,1 Exports

More information

Chapter 1 International economy

Chapter 1 International economy Chapter International economy. Main points from the OECD's Economic Outlook A broad-based recovery has taken hold Asia, the US and the UK have taken the lead. Continental Europe will follow Investment

More information

KOF Summer Forecast: EU Recovers Switzerland Takes a Dip

KOF Summer Forecast: EU Recovers Switzerland Takes a Dip KOF Konjunkturforschungsstelle KOF Swiss Economic Institute ETH Zurich LEE G 6 Leonhardstrasse 89 Zurich Phone: + 6 9 kofcc@kof.ethz.ch Press Release Zurich, June, 9.am KOF Summer Forecast: EU Recovers

More information

Schwerpunkt Außenwirtschaft 2017/18

Schwerpunkt Außenwirtschaft 2017/18 Schwerpunkt Außenwirtschaft 2017/18 Austrian economic activity and price competitiveness Christian Ragacs, Klaus Vondra Abteilung für volkswirtschaftliche Analysen, OeNB Vienna, 18th of June, 2018 Favourable

More information

Overview of Hungary s economy

Overview of Hungary s economy Overview of Hungary s economy Dr. Petra Ponevács-Pana Deputy State Secretary for Investment Promotion Ministry of Foreign Affairs and Trade of Hungary Helsinki, Finland 26th November 2018 Hungary s economic

More information

Leading Economic indicators

Leading Economic indicators Leading Economic indicators updated September 1, 2015 GDP by Quarter -Trends in major european areas Fonte Eurostat, August 2015 1,2 1 0,8 0,6 0,4 0,2 0-0,2 3o 13 4 1o 14 2 3 4 1o 15 2 EU18 0,1 0,2 0,3

More information

ASSOCIATION'S REPORT 1st half of according to IFRS

ASSOCIATION'S REPORT 1st half of according to IFRS ASSOCIATION'S REPORT 1st half of 2017 according to IFRS 1 Association's report 1st half 2017 / Consolidated Financial Statements Condensed statement of comprehensive income Income Statement 1-6/2017 1-6/2016

More information

The near-term global economic outlook

The near-term global economic outlook Overview The near-term global economic outlook Paul van den Noord Counsellor to the Chief Economist OECD 1 Overview World growth has slowed, including in EMEs. Trade has weakened. Unemployment is high

More information

Lecture 1: Intermediate macroeconomics, autumn 2012

Lecture 1: Intermediate macroeconomics, autumn 2012 Lecture 1: Intermediate macroeconomics, autumn 2012 Lars Calmfors Literature: Mankiw, Chapters 3 and 5. 1 Topics 1. The relationship between saving, investment and the interest rate in a closed economy

More information

Global Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, %

Global Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, % Russia Brazil Mexico Rest of Latin America Rest of Eastern Europe Middle East and Africa Global Economy is Expected to Grow by 3.4 % in 216 GDP growth in 216, % 9 8 7 6 5 4 3 2 1-1 -2-3 -4 North America

More information

Study Questions. Lecture 15 International Macroeconomics

Study Questions. Lecture 15 International Macroeconomics Study Questions Page 1 of 5 Study Questions Lecture 15 International Macroeconomics Part 1: Multiple Choice Select the best answer of those given. 1. If the aggregate supply and demand curves in the figure

More information

Monetary Policy report October 2015

Monetary Policy report October 2015 Monetary Policy report October 2015 Chapter 1 Figure 1.1. Repo rate with uncertainty bands Per cent Note. The uncertainty bands for the repo rate are based on the Riksbank s historical forecasting errors

More information

Main Indicators for the Finnish Economy

Main Indicators for the Finnish Economy BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy 11/1 1 November 1 1 November 1 Monetary Policy and Research - Financial Markets and

More information

Main Indicators for the Finnish Economy

Main Indicators for the Finnish Economy BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy /1 3 August 1 3 August 1 Monetary Policy and Research - Financial Markets and Statistics

More information

THE ECONOMIC OUTLOOK IN 2012 ILTA CONFERENCE. 9 May 2012 Vicky Pryce

THE ECONOMIC OUTLOOK IN 2012 ILTA CONFERENCE. 9 May 2012 Vicky Pryce THE ECONOMIC OUTLOOK IN 2012 ILTA CONFERENCE 9 May 2012 Vicky Pryce Contents Global and European economy UK economy Prospects for individuals and businesses Concluding remarks what next? Global and European

More information

Chart pack to council for cooperation on macroprudential policy

Chart pack to council for cooperation on macroprudential policy Chart pack to council for cooperation on macroprudential policy Contents List of charts... 3 Macro and macro-financial setting... 5 Swedish macroeconomic setting... 5 Foreign macroeconomic setting... Macro-financial

More information

Quarterly Gross Domestic Product of Montenegro 4 th quarter 2018 (p)

Quarterly Gross Domestic Product of Montenegro 4 th quarter 2018 (p) MONTENEGRO STATISTICAL OFFICE R E L E A S E No: 46 Podgorica, 22 March 2019 When using the data, please name the source Quarterly Gross Domestic Product of Montenegro 4 th quarter 2018 (p) The release

More information

Quarterly Gross Domestic Product of Montenegro 2st quarter 2016

Quarterly Gross Domestic Product of Montenegro 2st quarter 2016 Government of Montenegro Statistical Office of Montenegro Quarterly Gross Domestic Product of Montenegro 2st quarter 2016 The release presents the preliminary data for quarterly gross domestic product

More information

Economic recovery and employment in the EU. Raymond Torres, Director, ILO Research Department

Economic recovery and employment in the EU. Raymond Torres, Director, ILO Research Department Economic recovery and employment in the EU Raymond Torres, Director, ILO Research Department Outline of presentation I. Situation in the EU versus Japan and the US II. Role of macroeconomic policies and

More information

EMPLOYMENT RATE Employed/Working age population (15 64 years)

EMPLOYMENT RATE Employed/Working age population (15 64 years) EMPLOYMENT RATE 198 26 Employed/Working age population (15 64 years 8 % Finland 75 EU 15 EU 25 7 65 6 55 5 8 82 84 86 88 9 92 94 96 98 2 4** 6** 14.4.25/SAK /TL Source: European Commission 1 UNEMPLOYMENT

More information

Austria the Unknown Neighbour?

Austria the Unknown Neighbour? Austria the Unknown Neighbour? Marion Biber, Director Southern Europe Slovenia, April 2012 ABA-Invest in Austria Folie 2 Surely you know Austria like this Folie 3 but did you also know Production sectors

More information

Economic Outlook. Global And Finnish. Technology Industries In Finland Economic uncertainty has not had a major impact yet p. 5.

Economic Outlook. Global And Finnish. Technology Industries In Finland Economic uncertainty has not had a major impact yet p. 5. Economic Outlook Technology Industries of 1 219 Global And Finnish Economic Outlook Uncertainty dims growth outlook p. 3 Technology Industries In Economic uncertainty has not had a major impact yet p.

More information

Private consumption 1,007 1,041 1, Residential investment

Private consumption 1,007 1,041 1, Residential investment Table B.1 Demand, income and production 2017 2018 2019 2017 2018 2019 2017 2018 2019 Volume, per cent Prices, per cent Private consumption 1,007 1,041 1,081 1.5 2.3 2.2 1.3 1.0 1.6 Public consumption 1)

More information

Quarterly Gross Domestic Product of Montenegro 3 rd quarter 2017

Quarterly Gross Domestic Product of Montenegro 3 rd quarter 2017 MONTENEGRO STATISTICAL OFFICE R E L E A S E No: 224 Podgorica, 22 December 2017 When using the data, please name the source Quarterly Gross Domestic Product of Montenegro 3 rd quarter 2017 The release

More information

Austria: Sluggish economic growth

Austria: Sluggish economic growth Martin Schneider 1 1 Austrian economy grows by.3% in second quarter of 215 According to the first full release of national accounts published on August 28, 215, the Austrian economy grew by.3% in the second

More information

Aging, the Future of Work and Sustainability of Pension System

Aging, the Future of Work and Sustainability of Pension System Aging, the Future of Work and Sustainability of Pension System WKÖ & Salzburg Global Seminar Event Dénes Kucsera Agenda Austria Vienna, Austria November 5, 2015 Introduction Increasing pressure on the

More information

USA-EU - international trade in goods statistics

USA-EU - international trade in goods statistics USA-EU - international trade in goods statistics Statistics Explained Data extracted in March 2018. Planned article update: April 2019. This article provides a picture of the international trade in goods

More information

AustriaUp-to-date UNICREDIT BANK AUSTRIA ECONOMICS & MARKET ANALYSIS AUSTRIA

AustriaUp-to-date UNICREDIT BANK AUSTRIA ECONOMICS & MARKET ANALYSIS AUSTRIA AustriaUp-to-date UNICREDIT BANK AUSTRIA ECONOMICS & MARKET ANALYSIS AUSTRIA March 19 Business cycle GDP growth will decrease to around % in 19/ International environment (GDP, change in %) 17 18 19 Euro

More information

Measuring German, Austrian and Swiss Reform Activities: The D A CH Reformbarometer

Measuring German, Austrian and Swiss Reform Activities: The D A CH Reformbarometer Measuring German, Austrian and Swiss Reform Activities: The D A CH Reformbarometer Thomas Puls Cologne Institute for Economic Research Tokyo, September 8th, 2015 The D A CH Barometer What is it? Barometer

More information

Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia

Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia Diarmaid Smyth, Central Bank of Ireland 18 June 2015 Agenda 1 Background to Irish economic performance 2 Economic

More information

Economic outlook. Address by Central Bank Governor Svein Gjedrem to invited foreign embassy representatives. Norges Bank 18 March 2004

Economic outlook. Address by Central Bank Governor Svein Gjedrem to invited foreign embassy representatives. Norges Bank 18 March 2004 Economic outlook Address by Central Bank Governor Svein Gjedrem to invited foreign embassy representatives Norges Bank 1 March SG Diplomat 1.. Long-term interest rates Per cent 15 1 9 Norway US Germany

More information

Introduction on monetary policy

Introduction on monetary policy Introduction on monetary policy The Riksdag Committee on Finance 8 November 1 Governor Stefan Ingves Today s presentation Developments and monetary policy over the last 1 months Weaker growth prospects

More information

Quarterly selection of articles

Quarterly selection of articles Quarterly selection of articles BANQUE DE FRANCE BULLETIN STATISTICAL SUPPLEMENT JUNE 212 Contents Economic developments 1 Industrial activity indicators Monthly Business Survey France S3 2 Industrial

More information

Macroeconomic Policies in Europe: Quo Vadis A Comment

Macroeconomic Policies in Europe: Quo Vadis A Comment Macroeconomic Policies in Europe: Quo Vadis A Comment February 12, 2016 Helene Schuberth Outline Staff Projection of the Euro Area Monetary Policy Investment Rebalancing in the euro area Fiscal Policy

More information

Quarterly selection of articles

Quarterly selection of articles Quarterly selection of articles BANQUE DE FRANCE BULLETIN STATISTICAL SUPPLEMENT December 21 Statistics Contents Economic developments 1 Industrial activity indicators Monthly Business Survey France S3

More information

Gross domestic product of Montenegro in 2011

Gross domestic product of Montenegro in 2011 MONTENEGRO STATISTICAL OFFICE R E L E A S E No: 257 Podgorica, 28 September 2012 When using the data please name the source Gross domestic product of Montenegro in 2011 Real growth rate of gross domestic

More information

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018 Turkey: Recent Developments and Future Prospects ISBANK Economic Research Division October 2018 Macroeconomic Outlook Strong Economic Growth Cycle GDP of 851 bn USD (2017), 10.6k USD (2017) per capita

More information

Imports. Exports. T135 Figure 18-1 U.S. Exports and Imports as Ratios of GDP, Ratio to GDP

Imports. Exports. T135 Figure 18-1 U.S. Exports and Imports as Ratios of GDP, Ratio to GDP T135 Figure 18-1 U.S. Exports and Imports as Ratios of GDP, 1929 1998 0.14 0.12 Imports 0.10 Ratio to GDP 0.08 0.06 Exports 0.04 0.02 0.00 1930 1940 1950 1960 1970 1980 1990 1998 T136 Table 18-1 Ratios

More information

Eurozone Economic Watch. February 2018

Eurozone Economic Watch. February 2018 Eurozone Economic Watch February 2018 Eurozone: Strong growth continues in 1Q18, but confidence seems to peak GDP growth moderated slightly in, but there was an upward revision to previous quarters. Available

More information

Commission recommends 11 Member States for EMU

Commission recommends 11 Member States for EMU IP/98/273 Brussels, 25 March 1998 Commission recommends 11 Member States for EMU The European Commission has today recommended that the following eleven countries meet the necessary conditions to adopt

More information

2.0 Origin of Gross Domestic Product (GDP at current prices) sector of origin Agriculture, forestry and fishing = primary sector Origin of GDP by sectors 2017 % share of total value added 3.52 3.75 3.83

More information

Inflation Report. January March 2013

Inflation Report. January March 2013 January March 2013 May 8, 2013 Outline 1 External Conditions 2 Economic Activity in Mexico 3 Monetary Policy and Inflation Determinants 4 Forecasts and Balance of Risks 2 External Conditions Global Environment

More information

Gross domestic product of Montenegro in 2016

Gross domestic product of Montenegro in 2016 MONTENEGRO STATISTICAL OFFICE R E L E A S E No:174 Podgorica 29 September 2017 When using the data pleaase name the source Gross domestic product of Montenegro in 2016 Real growth rate of gross domestic

More information

Global Economic Outlook Brittle Strength

Global Economic Outlook Brittle Strength Global Economic Outlook Brittle Strength RISI North American Conference October 2017 Lasse Sinikallas Director Macroeconomics Agenda 1. Global Snapshot Steady 2. North America Performing 3. China In Transition

More information

Quarterly Spanish National Accounts. Base 2000

Quarterly Spanish National Accounts. Base 2000 17 November 2010 Quarterly Spanish National Accounts. Base 2000 Third quarter of 2010 Quarterly National Accounts (GDP) Latest data Year-on-year growth rate Quarter-on-quarter growth rate Third quarter

More information

Economic Outlook. Global And Finnish. Technology Industries In Finland Significant growth in the value of orders due to ship orders s.

Economic Outlook. Global And Finnish. Technology Industries In Finland Significant growth in the value of orders due to ship orders s. Economic Outlook Technology Industries of Finland 1 218 Global And Finnish Economic Outlook Good global economic outlook s. 3 Technology Industries In Finland Significant growth in the value of orders

More information

NUMBER 96 APRIL Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes) ECONOMIC ACTIVITY AND EMPLOYMENT

NUMBER 96 APRIL Coincident indicator (Ita-coin) and Italian GDP (1) (percentage changes) ECONOMIC ACTIVITY AND EMPLOYMENT NUMBER 96 APRIL 21 ECONOMIC ACTIVITY AND EMPLOYMENT FOREIGN TRADE AND COMPETITIVENESS INFLATION CREDIT THE PUBLIC FINANCES MACROECONOMIC PROJECTIONS 1 7 8 11 12 Coincident indicator (Ita-coin) and Italian

More information

PRESS RELEASE. (geographical breakdown for the third quarter of 2008) AND. (at the end of the third quarter of 2008)

PRESS RELEASE. (geographical breakdown for the third quarter of 2008) AND. (at the end of the third quarter of 2008) 20 January 2009 PRESS RELEASE EURO AREA BALANCE OF PAYMENTS (geographical breakdown for the third quarter of 2008) AND INTERNATIONAL INVESTMENT POSITION (at the end of the third quarter of 2008) The current

More information

Study Questions (with Answers) Lecture 15 International Macroeconomics

Study Questions (with Answers) Lecture 15 International Macroeconomics Study Questions (with Answers) Page 1 of 5 Study Questions (with Answers) Lecture 15 International Macroeconomics Part 1: Multiple Choice Select the best answer of those given. 1. If the aggregate supply

More information

EUROZONE ECONOMIC WATCH JANUARY 2017

EUROZONE ECONOMIC WATCH JANUARY 2017 EUROZONE ECONOMIC WATCH JANUARY 2017 Key messages: some changes for the better Improving confidence in across the board shows the resilience of the eurozone to the various potentially disturbing political

More information

The Israeli Economy Strong & Stable, A+

The Israeli Economy Strong & Stable, A+ The Israeli Economy Strong & Stable, A+ But does not leverage its full potential Dr. Yacov Sheinin, May 2017 Disclaimer This review is intended solely for clients of Economic Models Ltd., and is contingent

More information

Economic & Financial Indicators. November Banco de Cabo Verde

Economic & Financial Indicators. November Banco de Cabo Verde Economic & Financial Indicators November Banco de Cabo Verde Monetary Policy Report BANCO DE CABO VERDE Department of Economic Studies and Statistics Avenida Amílcar Cabral, 27 CP 7600-101 - Praia - Cabo

More information

Household Balance Sheets and Debt an International Country Study

Household Balance Sheets and Debt an International Country Study 47 Household Balance Sheets and Debt an International Country Study Jacob Isaksen, Paul Lassenius Kramp, Louise Funch Sørensen and Søren Vester Sørensen, Economics INTRODUCTION AND SUMMARY What are the

More information

Main Indicators for the Finnish Economy

Main Indicators for the Finnish Economy BANK OF FINLAND Monetary Policy and Research - Financial Markets and Statistics Main Indicators for the Finnish Economy 1/7 19 Dec 7 Main Indicators for the Finnish Economy is produced jointly by the Monetary

More information

A macroeconomic outlook and a snapshot of the investement trends in life insurance. Anna Pettersson Westerberg, Insurance Sweden

A macroeconomic outlook and a snapshot of the investement trends in life insurance. Anna Pettersson Westerberg, Insurance Sweden A macroeconomic outlook and a snapshot of the investement trends in life insurance Anna Pettersson Westerberg, Insurance Sweden 1 years ago Economic growth in all countries at the same time Source: IMF

More information

The Spanish economy in 2014

The Spanish economy in 2014 The Spanish economy in 2014 April 2014 World growth at differents speeds Forecasted real GDP growth in 2014 Changes in IMF forecasts for 2014 GDP growth since last summer Source: International Monetary

More information

Potential Gains from the Reform Package

Potential Gains from the Reform Package Chart 1 Potential Gains from the Reform Package GDP per capita, % 18 16 14 12 8 6 4 2 Ireland Germany Finland Portugal Spain France Greece Note: The estimated cumulative GDP impact from structural reforms

More information

TURKEY: RECENT DEVELOPMENTS January September 2018

TURKEY: RECENT DEVELOPMENTS January September 2018 TURKEY: RECENT DEVELOPMENTS January September 218 3 81 4 698 961 7 34 7 96 9 66 8 98 1 931 1 6 11 11 88 11 19 1 883 1 97 12 48 12 112 Per capita GDP tripled while nominal GDP quadrupled in last 1 years

More information

17 January 2019 Japan Laurence Boone OECD Chief Economist

17 January 2019 Japan Laurence Boone OECD Chief Economist Fiscal challenges and inclusive growth in ageing societies 17 January 219 Japan Laurence Boone OECD Chief Economist G2 populations are ageing rapidly Expected life expectancy at age 65 198 215 26 Japan

More information

Figure 1.1. Repo rate with uncertainty bands

Figure 1.1. Repo rate with uncertainty bands Chapter 1 Figure 1.1. Repo rate with uncertainty bands Per cent Note. The uncertainty bands for the repo rate are based on the Riksbank s historical forecasting errors and the ability of risk-premium adjusted

More information

Economic indicators for Belgium

Economic indicators for Belgium General Statistics Departement Economic indicators for WEEKLY PUBLICATION N 7-5 //7 g Summary REAL GDP Final consumption private public Gross fixed capital formation Exports of goods and services Imports

More information

Session 11. Fiscal Policy

Session 11. Fiscal Policy Session 11. Fiscal Policy Government size Budget balances Fiscal Policy over the business cycle Debt and sustainability Understanding Fiscal Policy: Government size Government size varies across countries.

More information

Austria s economy set to grow by close to 3% in 2018

Austria s economy set to grow by close to 3% in 2018 Austria s economy set to grow by close to 3% in 218 Gerhard Fenz, Friedrich Fritzer, Fabio Rumler, Martin Schneider 1 Economic growth in Austria peaked at the end of 217. The first half of 218 saw a gradual

More information

Economic outlook for Euro & talous (Bank of Finland Bulletin) 5/2013 Governor Erkki Liikanen 12 December 2013

Economic outlook for Euro & talous (Bank of Finland Bulletin) 5/2013 Governor Erkki Liikanen 12 December 2013 Economic outlook for 2013 2015 Euro & talous (Bank of Finland Bulletin) 5/2013 Governor Erkki Liikanen 12 December 2013 1 Positive signals from the international economy 12.12.2013 Governor Erkki Liikanen

More information

Introduction on monetary policy

Introduction on monetary policy Introduction on monetary policy Riksdag Committee on Finance 18 November 214 Governor Stefan Ingves Today's presentation Where have we come from? Inflation is low in Sweden In the euro area, both growth

More information

Quarterly Spanish National Accounts. Base 2008 Second quarter of 2013

Quarterly Spanish National Accounts. Base 2008 Second quarter of 2013 29 August 2013 Quarterly Spanish National Accounts. Base 2008 Second quarter of 2013 Quarterly National Accounts (GDP) Latest data Year-on-year growth rate Quarter-on-quarter growth rate Second quarter

More information

SLOVAKIA: BASIC INFORMATION

SLOVAKIA: BASIC INFORMATION SLOVAKIA: BASIC INFORMATION Area: 49,035 km 2 Population: 5.4 million Capital: Bratislava (430 thousand) Rating: Moody s: A1 S&P: A Fitch: A GDP per capita: 52% of the EU in PPP average in 2004 % of GDP

More information

What is the economic outlook for OECD countries?

What is the economic outlook for OECD countries? What is the economic outlook for OECD countries? An interim assessment Paris, 3 rd September 2009 11h00 Paris time Jørgen Elmeskov Acting Head of Economics Department Corporate bond spreads have come down

More information