CURRENT ECONOMIC PERFORMANCE
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2016 EPI score
| F (Very Poor) |
D (Poor) |
C (Fair) |
B (Good) |
A (Excellent) |
A+ (Superior) |
| <60 | 60-80 | 80-90 | 90-95 | 95-100 | >100 |
Germany: remain solid
The growth is expected to continue, lifted by the double stimulus of low energy prices and quantitative easing by the ECB. The EPI grades Germany’s current economic performance at A level, with the EPI score projected to be close to 96% in 2016.
GDP growth is projected to remain around 1.6% in 2016, with private consumption should be the largest contributor to growth, underpinned by a strong increase in real disposable income. Exports are also expected to support the momentum, while Inflation should remain subdued in the medium term. The unemployment level remains below 5% and the government run a small budget surplus.
The 5-Minute Economist projects Germany’s EPI score to decline only slightly in the medium term from almost 97%, or an A level currently to 95.8% or an A- level by 2020, mainly driven by a gradual pick-up in inflation.
ECONOMIC PERFORMANCE HISTORY
EPI COMPONENTS PERFORMANCE HISTORY
Inflation
Unemployment
Budget deficit
GDP Growth
EPI DATA FOR GERMANY
| Year | Inflation Rate (%) | Unemployment Rate (%) | Budget Deficit as a Percent of GDP (%) | Change in Real GDP (%) | Raw EPI Score (%) | Change From Previous Year | Raw EPI performance |
|---|---|---|---|---|---|---|---|
| 2000 | 1.4 | 8.0 | -0.9 | 3.2 | 94.7 | 3.8 | B+ |
| 2001 | 1.9 | 7.8 | 3.1 | 1.8 | 89.0 | -5.7 | C+ |
| 2002 | 1.3 | 8.6 | 3.9 | 0.0 | 86.1 | -2.9 | C |
| 2003 | 1.0 | 9.7 | 4.2 | -0.7 | 84.4 | -1.8 | C |
| 2004 | 1.8 | 10.3 | 3.7 | 0.7 | 84.8 | 0.5 | C |
| 2005 | 1.9 | 11 | 3.4 | 0.9 | 84.5 | -0.3 | C |
| 2006 | 1.8 | 10.0 | 1.7 | 3.9 | 90.3 | 5.8 | B- |
| 2007 | 2.3 | 8.6 | -0.2 | 3.4 | 92.7 | 2.4 | B |
| 2008 | 2.8 | 7.4 | 0.2 | 0.8 | 90.5 | -2.3 | B- |
| 2009 | 0.2 | 7.7 | 3.2 | -5.6 | 83.3 | -7.2 | C |
| 2010 | 1.1 | 6.9 | 4.2 | 4.0 | 91.6 | 8.3 | B |
| 2011 | 2.5 | 5.9 | 1.0 | 3.7 | 94.4 | 2.8 | B+ |
| 2012 | 2.1 | 5.4 | 0.0 | 0.7 | 93.2 | -1.3 | B |
| 2013 | 1.6 | 5.2 | 0.2 | 0.6 | 93.6 | 0.4 | B |
| 2014 | 0.8 | 5.0 | -0.3 | 1.6 | 96.1 | 2.5 | A |
| 2015 | 0.1 | 4.6 | -0.7 | 1.5 | 97.4 | 1.3 | A |
| 2016 | 0.4 | 4.2 | -0.8 | 1.8 | 98.0 | 0.6 | A |
| 2017* | 2.0 | 4.2 | -0.6 | 1.6 | 96.1 | -1.9 | A |
| 2018* | 1.7 | 4.2 | -0.6 | 1.5 | 96.2 | 0.1 | A |
| 2019* | 1.9 | 4.2 | -0.8 | 1.4 | 96.1 | -0.1 | A |
| 2020* | 2.1 | 4.2 | -1.0 | 1.3 | 96.1 | 0.0 | A |
| 2021* | 2.2 | 4.1 | -1.1 | 1.2 | 96.0 | -0.1 | A- |
| 2022* | 2.4 | 4.1 | -1.1 | 1.2 | 95.8 | -0.1 | A- |