HOFINET | Housing Finance Information Network

Macro-economic Data

PDF featuring variable definitions

A. Demography and Macroeconomy

A.1 Population

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Total population	82.93 million	82.66 million	81.69 million	WDI	A.1.1
Total number of households	41.38 million	41.3 million	40.96 million	Federal Statistics Office (Destatis)	A.1.2
Average household size	1.99	2.00	2.01	Federal Statistical Office (Destatis)	A.1.3
Urban population (% of total)	77.31% of total	75.72% of total	75.51% of total	WDI	A.1.4
Urban population growth (annual %)	.39%	.7%	1.08%	WDI	A.1.5

A.2 Economy

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
GDP, current prices (U.S. dollars)	4,029,140 USD (millions)	3,684,816 USD (millions)	3,479,232 USD (millions)	WEO	A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)	4,379,073 USD (millions)	4,170,790 USD (millions)	3,996,599 USD (millions)	WEO	A.2.2
GDP per capita, current prices (U.S. dollars)		44,549.69 USD	42,249.84 USD	WEO	A.2.3
GDP based on PPP per capita GDP (Current international dollar)	52,896.61 USD	50,425.15 USD	48,532.45 USD	WEO	A.2.4
GDP, constant prices (Percent change)	1.91%	2.51%	1.86%	WEO	A.2.5
Inflation, end of period consumer prices (Percent change)	1.81%	1.58%	1.6%	WEO	A.2.6
GDP, deflator (Index)	113.79	111.91	110.53	WEO	A.2.7
Consumer price index	111.25	109.28	107.42	WEI	A.2.8
GINI Index	Not available	Not available	Not available	WDI	A.2.9
Median national annual household income	68,674.87 USD	60,500.51 USD	57,568.56 USD	Destatis	A.2.10
Urban minimum wages per month in USD	1,670.34 USD	1,593.87 USD	1,564.54 USD	Destatis	A.2.12
Growth in urban household income (%/year)					A.2.13
Employment (% of total laborforce)					A.2.14
Self-employed	9.15%	Not available	Not available	Destatis	A.2.14.1
Unemployed	3.2%	3.6%	4.12%	Destatis	A.2.14.3
Interest Rates:					A.2.15
Central bank lending/discount rate	Not available	Not available	Not available	IFS	A.2.15.1
Yield on 3 months treasury bills	Not available		Not available	IFS	A.2.15.2
Yield on 10-year Government bond		.28%	.09%	IFS	A.2.15.3
Average bank deposit rate	Not available	Not available	.31%	IFS	A.2.15.4
Lending rate	Not available	Not available	5.85%	IFS	A.2.15.5

B. Housing Market

B.1 Housing Stock: Production, Transactions

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Number of dwelling units:					B.1.1
Total	42.24 million	41.97 million	41.7 million	Federal Statistical Office (Destatis)	B.1.1.1
Percentage of vacant units	8.2% of total		8% of total	Federal Statistical Office (Destatis)	B.1.2
Characteristics of housing stock:					B.1.3
Average dwelling unit size-existing	94.1 sq.mt	91.8 sq.mt	91.7 sq.mt	Federal Statistical Office (Destatis)	B.1.3.1
Tenure in urban areas (%):					B.1.4
Owner-occupied units	51.5% of total	51.4% of total	51.7% of total	EuroStat	B.1.4.1
% of owner units with a mortgage	25.6% of total	25.7% of total	26.2% of total	EuroStat	B.1.4.2
Private rental units	40.8% of total	40% of total	39.8% of total	EuroStat	B.1.4.3
Public / social rental units	7.7% of total	8.6% of total	8.4% of total	EuroStat	B.1.4.4
Estimated Number of units completed/year					B.1.5
Formal sector/registered	285,914 units	284,816 units	277,691 units	Federal Statistical Office (Destatis)	B.1.5.1
Number of recorded urban housing transactions/year	569000	567000	587000	Hypostat 2019	B.1.6

B.2 Housing Prices and Cost for Urban Areas or Capital City

Variable	End of 2018	End of 2017	Sources	Var ID
Median urban house price in USD:				B.2.1
Median house price to median annual HH income:				B.2.2
Annual average % change in median house prices:				B.2.3
Yearly Rate	7.7%	5.8%	Hypostat 2019	B.2.3.1
M2 construction cost for median quality house				B.2.4