Euro zone

The Euro area consists of 19 EU Member States: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain. As well as adopting the euro, these countries are closely aligned on economic and monetary policy-making.

Variables Surveyed for the Euro zone

Variables covered in our monthly analysis of the Euro Zone include:

  • Gross Domestic Product
  • Private Consumption
  • Government Consumption
  • Gross Fixed Investment
  • Industrial Production
  • Consumer Prices
  • Core Consumer Prices
  • Industrial Producer Prices
  • Hourly Labour Costs
  • Unemployment Rate
  • Exports of Goods and Services
  • Imports of Goods and Services
  • Current Account
  • General Govt Budget Balance
  • Money Supply
  • Interest Rates
  • Monetary Policy Evaluation
  • Euro Currency Forecasts

Consensus Forecasts for the Euro zone

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of January 2021.

Euro zone Consensus Forecasts GDP and Consumer Prices

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for the Euro zone on topics such as:

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.

Main Data Sources for the Euro zone

Selected historical data for the Euro zone is shown in the table below: Euro zone historical economic data

Euro zone - Key Topics to look out for in 2021

  • How rapidly will the region recover post-Covid, and when will GDP growth return to pre-crisis levels?
  • Will the expected upturn in inflation be temporary or more sustained over the medium term? What are the implications on short-term and long-term interest rate curves?
  • How will European governments tackle the alarming rise in public debt after unprecedented support to businesses and households during the pandemic?

Download a Recent Sample Copy

If you would like to view an entire copy of our G7 and Western Europe publication, containing forecasts for the Euro zone and the 24 other featured economies, please click on the link below.