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.  Nominal GDP for the Euro zone was €12,252bn in 2020, down from €11,318bn in 2020. The Euro zone population was estimated at 342.6m in 2021 according to the IMF, while the United States is the Euro zone’s biggest trading partner.

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 (HICP)
  • 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 ECB 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 September 2022.

Source: Conensus Forecasts – G-7 and Western Europe, September 2022

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:

Main Data Sources for the Euro zone

  • Eurostat: Eurostat provides high-quality European statistics to policy makers, businesses, researchers and the public at large.
  • European Central Bank: The European Central Bank (ECB) work to keep prices stable in the euro area.

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 editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.
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