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Joint Economic Forecast Autumn 2011 (13 October 2011) Federal Republic of Germany Key Forecast Figures 2009 Percentage change over previous year 2010 2011 2012 (1) (1) a) Private consumption Government consumption Gross fixed capital formation Machinery and equipment, Buildings Other investment Domestic demand Exports of goods and services Imports of goods and services Gross domestic product (GDP) -0,1 3,3 -11,4 -22,8 -3,0 0,6 -2,6 -13,6 -9,2 -5,1 0,6 1,7 5,5 10,5 2,2 4,7 2,4 13,7 11,7 3,7 1,2 1,1 7,2 9,6 5,8 4,3 2,6 7,8 7,7 2,9 0,9 1,1 2,3 3,3 1,3 4,9 1,2 2,9 4,1 0,8 Employmentb) (1.000 persons) Unemployment (1.000 persons) 40362 3415 40553 3238 41082 2968 41274 2815 8,1 7,7 7,0 6,7 0,4 1,1 2,3 1,8 -76,1 -106,0 -23,0 -15,4 -3,2 -4,3 -0,9 -0,6 -4,2 1,8 1,5 0,4 0,3 1,6 2,5 1,5 Unemployment ratec) (in %) Consumer prices d) (% change on the previous year) General government financial balance - EUR billion - in % of GDP e) memo item: Real GDP in the EMU (% change on the previous year) Consumer prices in the EMU (% change on the previous year) f) 1) Forecast of the Institutes.- a) Price adjusted.- b) Domestic Employment.c) Federal Employment Agency concept.- d) Consumer price index (2005=100).e) On national accounts definition (ESA 1995).-f) Harmonized index of consumer prices (HICP, 2005=100). Source: Eurostat, Federal Statistical Office, Federal Employment Agency, forecast of the Institutes.