@ Actual and Forecast Values for Selected Variables
@
@ Real GDP and its Endogenous Components
@
PRINTVAR FIXEDF LEVELS PCHANGES GDPR CS CN CD IHH IKF IM;
GDPR GDPR CS CS CN CN
Level %Change Level %Change Level %Change
2017.1 4474.15000 1.89969 2018.00000 2.68541 699.35000 3.83573
2017.2 4499.22500 2.26068 2022.02500 0.80021 706.67500 4.25589
2017.3 4531.57500 2.90722 2028.70000 1.32701 709.90000 1.83798
2017.4 4574.15000 3.81137 2041.37500 2.52266 718.22500 4.77396
2018.1 4609.07500 3.08928 2055.95000 2.88665 718.82500 0.33458
2018.2 4647.50000 3.37666 2071.82500 3.12455 723.82500 2.81148
2018.3 4669.90000 1.94190 2084.92500 2.55326 728.15000 2.41159
2018.4 4680.35000 0.89810 2092.92500 1.54368 732.82500 2.59299
2019.1 4708.30000 2.41019 2094.42500 0.28699 737.17500 2.39560
2019.2 4745.65000 3.21108 2105.05000 2.04469 746.32500 5.05811
2019.3 4778.20000 2.77192 2117.75000 2.43517 752.02500 3.09015
2019.4 4800.57500 1.88629 2126.47500 1.65819 752.50000 0.25289
2020.1 4738.00000 -5.11290 2071.12500 -10.01210 765.45000 7.06346
2020.2 4314.55000 -31.23589 1804.32500 -42.39850 737.27500 -13.93021
2020.3 4640.20000 33.78418 1953.77500 37.47987 789.97500 31.80605
2020.4 4691.95000 4.53620 1979.22500 5.31312 787.75000 -1.12187
2021.1 4763.92500 6.27868 1998.35000 3.92153 817.32500 15.88454
2021.2 4842.07500 6.72505 2053.55000 11.51542 844.30000 13.86966
2021.3 4869.75000 2.30589 2094.62500 8.24404 848.50000 2.00471
2021.4 4951.50000 6.88591 2119.00000 4.73665 848.22500 -0.12958
2022.1 5002.79872 4.20894 2160.62301 8.09165 848.21848 -0.00307
2022.2 5085.08560 6.74338 2200.37670 7.56529 848.04164 -0.08337
2022.3 5159.26576 5.96404 2235.88767 6.61339 848.06478 0.01092
2022.4 5208.04192 3.83560 2264.75173 5.26463 847.36345 -0.33038
2023.1 5243.37484 2.74146 2290.87139 4.69367 846.97189 -0.18471
2023.2 5271.27890 2.14576 2314.49404 4.18889 846.85403 -0.05565
2023.3 5296.19744 1.90434 2335.99805 3.76852 846.97631 0.05777
2023.4 5316.82091 1.56673 2354.99817 3.29336 847.04425 0.03209
2024.1 5335.21171 1.39079 2372.41748 2.99169 847.37043 0.15412
2024.2 5352.87381 1.33078 2388.49798 2.73893 847.92861 0.26375
2024.3 5370.59607 1.33091 2403.47479 2.53184 848.70353 0.36606
2024.4 5388.71282 1.35617 2417.57345 2.36711 849.68672 0.46419
2025.1 5406.53035 1.32916 2430.80832 2.20782 850.87112 0.55874
2025.2 5424.28243 1.31986 2443.38810 2.08618 852.23581 0.64310
2025.3 5442.50400 1.35049 2455.48521 1.99514 853.76346 0.71894
2025.4 5461.62849 1.41299 2467.23366 1.92761 855.44226 0.78886
CD CD IHH IHH IKF IKF
Level %Change Level %Change Level %Change
2017.1 380.92500 2.75027 126.73577 11.73066 515.12115 6.97026
2017.2 385.02500 4.37532 127.63550 2.87009 523.06450 6.31229
2017.3 394.05000 9.71086 127.32332 -0.97474 524.35068 0.98720
2017.4 408.32500 15.29715 129.73165 7.78340 534.25762 7.77438
2018.1 411.95000 3.59866 128.20309 -4.63035 547.58966 10.36162
2018.2 419.05000 7.07433 128.83314 1.98034 558.50650 8.21612
2018.3 423.00000 3.82408 127.12950 -5.18546 561.89892 2.45187
2018.4 424.17500 1.11575 124.65373 -7.56514 565.75294 2.77192
2019.1 423.37500 -0.75227 124.14044 -1.63695 570.75483 3.58363
2019.2 434.35000 10.77926 124.80478 2.15784 581.72857 7.91534
2019.3 443.27500 8.47600 126.19204 4.52086 585.32852 2.49842
2019.4 448.65000 4.93920 126.82612 2.02509 579.94768 -3.62675
2020.1 434.57500 -11.97049 132.05018 17.52255 568.90429 -7.40201
2020.2 432.92500 -1.51010 119.63910 -32.61913 526.19302 -26.81476
2020.3 507.65000 89.06315 134.97048 61.98044 535.13119 6.96968
2020.4 509.10000 1.14742 146.36204 38.27976 552.63733 13.74173
2021.1 563.37500 49.96085 148.67556 6.47423 570.83678 13.83791
2021.2 579.05000 11.60251 141.71147 -17.46053 585.20920 10.45790
2021.3 539.62500 -24.57697 139.74970 -5.42343 589.84630 3.20741
2021.4 541.75000 1.58450 139.46770 -0.80472 592.81107 2.02575
2022.1 542.49616 0.55206 145.69459 19.09106 613.56449 14.75606
2022.2 542.26688 -0.16895 153.86599 24.39324 636.77693 16.01347
2022.3 541.08786 -0.86686 162.28207 23.74044 655.70547 12.43097
2022.4 537.50142 -2.62504 163.91310 4.08123 674.54369 11.99667
2023.1 533.20772 -3.15722 166.21015 5.72447 685.84571 6.87236
2023.2 528.34726 -3.59666 168.79579 6.36931 696.05125 6.08626
2023.3 523.01548 -3.97588 171.39970 6.31481 704.07390 4.69070
2023.4 516.89171 -4.60182 171.86019 1.07900 709.67578 3.22074
2024.1 510.60881 -4.77413 172.81364 2.23765 713.57003 2.21308
2024.2 504.28667 -4.86141 173.82758 2.36763 716.29028 1.53361
2024.3 498.03609 -4.86654 174.73389 2.10190 718.18301 1.06116
2024.4 491.95028 -4.79898 175.52553 1.82459 719.39057 0.67426
2025.1 486.15115 -4.63249 176.46897 2.16736 720.04361 0.36360
2025.2 480.69670 -4.41290 177.36013 2.03535 720.25718 0.11870
2025.3 475.63715 -4.14417 178.12256 1.73063 720.17352 -0.04646
2025.4 471.01799 -3.82838 178.78652 1.49937 719.92324 -0.13894
IM IM
Level %Change
2017.1 809.67500 5.91544
2017.2 818.35000 4.35504
2017.3 818.05000 -0.14656
2017.4 839.10000 10.69691
2018.1 844.50000 2.59914
2018.2 847.50000 1.42855
2018.3 859.85000 5.95756
2018.4 868.00000 3.84560
2019.1 868.00000 0.00000
2019.2 871.65000 1.69267
2019.3 869.35000 -1.05130
2019.4 850.22500 -8.51353
2020.1 820.97500 -13.06708
2020.2 679.42500 -53.09206
2020.3 796.87500 89.23206
2020.4 852.95000 31.26033
2021.1 872.10000 9.28759
2021.2 887.17500 7.09570
2021.3 897.40000 4.69045
2021.4 934.72500 17.70399
2022.1 930.91114 -1.62212
2022.2 932.63601 0.74322
2022.3 937.86528 2.26172
2022.4 943.92356 2.60900
2023.1 950.53304 2.83041
2023.2 956.67538 2.60996
2023.3 961.80739 2.16310
2023.4 965.62280 1.59623
2024.1 969.17925 1.48138
2024.2 972.03504 1.18387
2024.3 973.99310 0.80819
2024.4 975.05133 0.43530
2025.1 976.38584 0.54859
2025.2 977.31467 0.38106
2025.3 977.53855 0.09166
2025.4 977.06743 -0.19264
PRINTVAR FIXEDF LEVELS IVF;
IVF
Level
2017.1 -3.25000
2017.2 4.62500
2017.3 20.85000
2017.4 11.40000
2018.1 15.87500
2018.2 2.77500
2018.3 25.25000
2018.4 21.82500
2019.1 32.92500
2019.2 21.07500
2019.3 17.07500
2019.4 4.07500
2020.1 -7.60000
2020.2 -63.20000
2020.3 6.32500
2020.4 22.20000
2021.1 -22.07500
2021.2 -42.12500
2021.3 -16.70000
2021.4 43.37500
2022.1 16.04566
2022.2 23.81417
2022.3 35.97118
2022.4 40.16620
2023.1 38.17568
2023.2 31.82113
2023.3 25.91868
2023.4 22.25197
2024.1 18.72251
2024.2 15.95529
2024.3 14.03254
2024.4 12.84038
2025.1 12.33442
2025.2 11.90916
2025.3 11.52869
2025.4 11.30726
@
@ Prices and Wages
@
PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;
GDPD PF WF WR
%Change %Change %Change %Change
2017.1 1.85886 1.86353 4.88757 2.96873
2017.2 1.46222 0.94077 1.41574 0.47055
2017.3 2.00580 1.95333 4.54962 2.54656
2017.4 2.87600 2.52355 4.47663 1.90501
2018.1 2.19584 1.90042 2.19373 0.28783
2018.2 3.32818 3.23335 1.95865 -1.23477
2018.3 1.59623 1.61270 4.36622 2.70982
2018.4 2.10420 1.23503 1.85766 0.61503
2019.1 1.22652 0.93356 7.92075 6.92257
2019.2 2.30805 2.66962 2.68503 0.01501
2019.3 1.30851 0.72998 0.34238 -0.38479
2019.4 1.65414 1.26005 4.62807 3.32611
2020.1 1.00404 0.41619 11.37895 10.91733
2020.2 -1.40941 -4.65711 32.12198 38.57559
2020.3 3.94852 5.24023 -5.06896 -9.79587
2020.4 2.48005 3.06248 2.89332 -0.16413
2021.1 3.50934 3.90283 -0.70693 -4.43661
2021.2 6.23687 5.29399 10.48835 4.93319
2021.3 5.92544 7.33228 2.36271 -4.63009
2021.4 6.96340 8.25772 4.69623 -3.28983
2022.1 4.10875 3.93028 4.48239 0.53124
2022.2 5.22049 4.77632 5.30211 0.50182
2022.3 6.05966 5.56920 6.06963 0.47403
2022.4 6.23364 5.98975 6.48990 0.47189
2023.1 6.25062 5.97888 6.50879 0.50002
2023.2 5.92366 5.66767 6.24790 0.54911
2023.3 5.51146 5.24440 5.88170 0.60554
2023.4 5.03886 4.80518 5.49931 0.66230
2024.1 4.67159 4.41546 5.16150 0.71449
2024.2 4.36859 4.10608 4.89698 0.75971
2024.3 4.14165 3.88192 4.71037 0.79750
2024.4 3.98812 3.73431 4.59369 0.82845
2025.1 3.90387 3.64531 4.53032 0.85389
2025.2 3.85055 3.60144 4.50781 0.87486
2025.3 3.82828 3.59414 4.51821 0.89201
2025.4 3.83648 3.61720 4.55582 0.90586
@
@ Interest Rates and Money
@
PRINTVAR FIXEDF LEVELS RS RB RM M1 PCM1 UBR;
RS RB RM M1 PCM1 UBR
Level Level Level Level Level Level
2017.1 0.59000 3.96000 4.17333 3913.46800 21.42487 2156.87100
2017.2 0.89000 3.80000 3.98667 3990.94800 8.15762 1986.81400
2017.3 1.03667 3.65333 3.88667 4001.04300 1.01564 2077.73800
2017.4 1.20667 3.56000 3.92333 4043.97200 4.36135 1956.41200
2018.1 1.56000 3.74667 4.26883 4143.56600 10.22103 2114.58900
2018.2 1.84000 3.93667 4.54117 4103.48600 -3.81335 1894.22100
2018.3 2.04000 3.91000 4.57000 4113.40100 0.97000 1776.76300
2018.4 2.31667 4.12667 4.78000 4186.28400 7.27797 1563.43400
2019.1 2.38667 3.83000 4.36667 4147.31400 -3.67192 1588.31900
2019.2 2.30000 3.59333 4.00333 4245.70900 9.83310 1428.87800
2019.3 1.98000 3.10000 3.66667 4368.88100 12.11919 1434.68900
2019.4 1.57667 3.02667 3.70333 4456.97200 8.31255 1556.34800
2020.1 1.11000 2.91333 3.51333 5266.67500 94.97838 2405.19000
2020.2 0.14333 2.45667 3.23333 6004.86400 68.99219 2711.11300
2020.3 0.11333 2.23333 2.95000 6229.36400 15.81429 2684.15800
2020.4 0.09333 2.30333 2.76000 7403.98900 99.56677 2957.89900
2021.1 0.05000 2.73000 2.87667 7923.64600 31.17081 3638.87500
2021.2 0.02667 2.88333 3.00000 8336.58900 22.53307 3477.35100
2021.3 0.04667 2.55000 2.87000 8715.73800 19.47117 3850.13700
2021.4 0.05333 2.64667 3.08000 9011.88672 14.30000 3850.13700
2022.1 0.50000 2.78638 3.22050 9124.43010 5.08969 3850.13700
2022.2 1.00000 2.94324 3.45278 9251.38160 5.68257 3850.13700
2022.3 1.50000 3.12418 3.72182 9389.72610 6.11709 3850.13700
2022.4 2.00000 3.33088 4.01841 9530.64346 6.13954 3850.13700
2023.1 2.00000 3.41090 4.19550 9675.72530 6.22952 3850.13700
2023.2 2.00000 3.49279 4.30610 9819.83963 6.09220 3850.13700
2023.3 2.00000 3.56789 4.40352 9961.33098 5.88926 3850.13700
2023.4 2.00000 3.63675 4.48931 10098.78968 5.63500 3850.13700
2024.1 2.00000 3.69991 4.56487 10233.43096 5.44057 3850.13700
2024.2 2.00000 3.75783 4.63142 10365.95734 5.28163 3850.13700
2024.3 2.00000 3.81095 4.69004 10497.37006 5.16818 3850.13700
2024.4 2.00000 3.85966 4.74166 10628.73343 5.10032 3850.13700
2025.1 2.00000 3.90433 4.78713 10761.13196 5.07654 3850.13700
2025.2 2.00000 3.94530 4.82717 10895.06489 5.07211 3850.13700
2025.3 2.00000 3.98288 4.86244 11031.07897 5.08789 3850.13700
2025.4 2.00000 4.01733 4.89350 11169.75307 5.12411 3850.13700
@
@ Unemployment Rate and Unemployment
@
PRINTVAR FIXEDF LEVELS UR100 U;
UR100 U
Level Level
2017.1 4.56926 7.27766
2017.2 4.36048 6.95846
2017.3 4.31832 6.91291
2017.4 4.17512 6.67220
2018.1 4.03129 6.47018
2018.2 3.92475 6.31448
2018.3 3.78430 6.08899
2018.4 3.83435 6.19889
2019.1 3.82842 6.21827
2019.2 3.62801 5.88312
2019.3 3.60813 5.88359
2019.4 3.59801 5.89203
2020.1 3.79962 6.22197
2020.2 12.98204 20.50084
2020.3 8.81391 14.11078
2020.4 6.77531 10.87305
2021.1 6.20628 9.95433
2021.2 5.89613 9.49067
2021.3 5.09463 8.22533
2021.4 4.21703 6.83200
2022.1 3.83513 6.22215
2022.2 3.48083 5.65781
2022.3 3.18519 5.18865
2022.4 3.03830 4.96111
2023.1 3.03200 4.96270
2023.2 3.12935 5.13393
2023.3 3.28652 5.40355
2023.4 3.48292 5.73798
2024.1 3.69789 6.10326
2024.2 3.91406 6.47070
2024.3 4.11963 6.82071
2024.4 4.30815 7.14252
2025.1 4.48048 7.43747
2025.2 4.63752 7.70699
2025.3 4.77874 7.95022
2025.4 4.90313 8.16549
@
@ Labor Force and Employment
@
PRINTVAR FIXEDF PCHANGES L1 L2 L3 LM JF E;
L1 L2 L3 LM JF E
%Change %Change %Change %Change %Change %Change
2017.1 0.64460 0.76562 4.07912 -21.86282 1.67172 2.79399
2017.2 -0.28725 2.01390 0.74154 -1.94880 1.64141 1.63714
2017.3 0.72841 1.06011 1.99121 -7.07674 1.13005 1.45743
2017.4 0.71240 -1.09572 -1.61617 63.16796 2.48464 -0.07561
2018.1 2.39832 0.37583 2.21836 -4.25350 2.32161 2.33703
2018.2 0.36750 0.61676 1.82994 0.96930 1.46767 1.41020
2018.3 -1.28630 2.03852 -0.33504 18.60218 1.50505 0.61265
2018.4 1.35166 1.60399 2.67439 6.81862 2.20830 1.69106
2019.1 2.22274 0.06459 3.02996 -25.79671 0.33555 1.89252
2019.2 -1.74401 -0.03547 -0.10264 9.46007 0.53683 0.17542
2019.3 0.29065 1.77389 4.48254 6.42046 2.60267 2.31939
2019.4 0.92171 3.55180 0.92683 -11.80863 1.02282 1.73703
2020.1 0.21770 -0.28653 -0.00449 -40.20029 -3.73295 -0.83923
2020.2 -8.43606 -11.38818 -19.40757 129.44028 -40.20189 -41.79413
2020.3 2.61406 2.79241 10.93522 -11.37719 27.78603 27.07018
2020.4 -0.49239 -0.56837 3.61278 -63.30267 6.57048 10.19640
2021.1 0.72842 1.52197 -2.48965 1.10709 2.43751 2.21519
2021.2 1.72543 1.23711 1.29286 87.75853 5.85717 2.75867
2021.3 1.49691 1.26966 0.86994 56.11189 6.67852 4.66107
2021.4 -0.39649 1.35212 3.11156 -28.89147 4.00099 5.14797
2022.1 0.11606 0.26863 1.23807 11.59531 2.98507 2.16613
2022.2 0.21983 0.51537 1.40574 12.82960 3.11125 2.21649
2022.3 0.30586 0.70043 1.54848 13.48406 3.03201 2.10421
2022.4 0.35827 0.78327 1.62316 12.94871 2.41087 1.55256
2023.1 0.38122 0.78190 1.63094 11.44389 1.71755 0.98102
2023.2 0.38217 0.72473 1.58742 9.39059 1.11447 0.52218
2023.3 0.37025 0.64147 1.51327 7.19714 0.66948 0.22094
2023.4 0.35008 0.54620 1.41929 5.03742 0.29693 -0.00960
2024.1 0.32655 0.45204 1.31571 3.05259 0.01614 -0.16014
2024.2 0.30317 0.36801 1.21133 1.33438 -0.17239 -0.23692
2024.3 0.28239 0.29928 1.11242 -0.07945 -0.28389 -0.25784
2024.4 0.26543 0.24748 1.02250 -1.19244 -0.33815 -0.24243
2025.1 0.25206 0.21014 0.94146 -2.05408 -0.37070 -0.22161
2025.2 0.24198 0.18502 0.86900 -2.70564 -0.38475 -0.19639
2025.3 0.23512 0.17085 0.80542 -3.17271 -0.37574 -0.16125
2025.4 0.23148 0.16677 0.75117 -3.47360 -0.34274 -0.11424
@
@ Profits and Productivity
@
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;
PIEF PIEF PROD100 PROD100
Level %Change Level %Change
2017.1 326.98267 25.70276 6.99597 -99.00000
2017.2 326.23600 -0.91029 6.99281 -0.18027
2017.3 323.16300 -3.71492 7.05831 3.79945
2017.4 282.33500 -41.73975 7.07328 0.85120
2018.1 306.42700 38.75519 7.09265 1.09973
2018.2 318.37610 16.53429 7.11942 1.51826
2018.3 329.57100 14.82438 7.13777 1.03538
2018.4 329.11200 -0.55593 7.12795 -0.54941
2019.1 303.52000 -27.66069 7.18975 3.51351
2019.2 304.96700 1.92064 7.24780 3.26890
2019.3 290.09400 -18.12645 7.25597 0.45158
2019.4 309.29300 29.21870 7.27116 0.83999
2020.1 251.98172 -55.94494 7.26231 -0.48584
2020.2 227.57900 -33.46463 7.58086 18.73418
2020.3 376.22251 646.87920 7.59715 0.86186
2020.4 380.82496 4.98385 7.49589 -5.22576
2021.1 431.20900 64.38025 7.56005 3.46790
2021.2 507.95500 92.55274 7.59811 2.02926
2021.3 499.48500 -6.50490 7.48589 -5.77817
2021.4 566.85713 65.88406 7.55192 3.57506
2022.1 524.62163 -26.63477 7.57426 1.18873
2022.2 568.64518 38.03229 7.63117 3.03941
2022.3 605.40789 28.47744 7.68058 2.61484
2022.4 619.18823 9.42044 7.71236 1.66550
2023.1 628.75952 6.32797 7.74129 1.50885
2023.2 637.67471 5.79338 7.77228 1.61108
2023.3 648.24798 6.79918 7.80726 1.81273
2023.4 658.14917 6.25091 7.84334 1.86095
2024.1 668.54711 6.47085 7.88106 1.93788
2024.2 680.22773 7.17396 7.92043 2.01292
2024.3 693.19266 7.84462 7.96094 2.06157
2024.4 707.13066 8.28863 8.00198 2.07850
2025.1 721.27735 8.24567 8.04248 2.03980
2025.2 735.56420 8.16161 8.08244 2.00218
2025.3 750.33620 8.27826 8.12212 1.97832
2025.4 765.90081 8.55917 8.16166 1.96133
@
@ Some other endogenous variables
@
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;
CG SRZ100 SR SGP SSP
Level Level Level Level Level
2017.1 1524.32400 7.29548 91.69400 -171.00000 -60.90000
2017.2 831.38600 7.72298 110.52800 -177.00000 -67.97500
2017.3 1233.89300 7.73612 96.00800 -182.37500 -59.10000
2017.4 2045.79900 7.18971 90.63000 -190.35000 -42.82500
2018.1 -65.69100 7.74864 99.92300 -227.42500 -41.95000
2018.2 793.62700 7.71939 96.83800 -232.20000 -55.30000
2018.3 1273.71900 7.82184 122.35400 -225.35000 -50.00000
2018.4 -4223.09200 8.11277 125.86000 -243.10000 -50.05000
2019.1 4447.57000 8.83300 132.19400 -253.90000 -42.05000
2019.2 1296.34000 7.64150 127.49600 -258.27500 -31.95000
2019.3 150.47000 7.43242 120.18600 -270.22500 -38.05000
2019.4 2975.50000 7.58772 106.84600 -265.10000 -38.27500
2020.1 -7644.38700 10.00873 115.99800 -289.52500 -33.65000
2020.2 5886.59500 26.84605 132.98000 -1406.37500 138.30000
2020.3 3232.74100 16.45938 166.81200 -879.10000 -16.60000
2020.4 6411.55300 13.92270 177.11000 -535.02500 -12.07500
2021.1 3146.31500 20.94099 205.03100 -1022.22500 -3.22500
2021.2 3894.33500 11.14530 201.84700 -828.15000 207.12500
2021.3 415.03900 9.68592 212.63200 -564.17500 51.40000
2021.4 4586.00000 7.55912 213.20000 -382.99812 13.89229
2022.1 619.08464 7.67434 215.94398 -351.29732 3.40870
2022.2 629.73031 7.34010 217.79729 -350.99225 10.74762
2022.3 641.86163 7.18058 222.53014 -354.61122 17.47356
2022.4 655.45924 5.21212 229.00261 -267.28097 22.54287
2023.1 670.00395 5.06270 236.39705 -279.02191 24.55561
2023.2 684.85311 4.87654 244.06318 -292.50499 26.06676
2023.3 699.51609 4.69329 251.56170 -306.92282 27.00850
2023.4 713.77603 3.92650 258.67558 -289.71537 27.46977
2024.1 727.56407 3.77950 266.45716 -304.95144 27.48244
2024.2 740.92805 3.65008 274.21418 -320.54858 27.41172
2024.3 753.97781 3.54498 281.52242 -336.28813 27.19159
2024.4 766.84386 3.46404 288.19232 -351.91166 26.73207
2025.1 779.65205 3.40086 295.52179 -367.54353 26.31130
2025.2 792.50399 3.35656 302.60784 -383.31196 25.67833
2025.3 805.48231 3.32433 308.95604 -399.15236 25.16085
2025.4 818.65846 3.30402 314.44837 -414.86323 24.65469
@
@ Selected exogenous variables
@
PRINTVAR FIXEDF PCHANGES COG COS EX TRGH PIM ;
COG COS EX TRGH PIM
%Change %Change %Change %Change %Change
2017.1 -4.21974 -0.05008 9.84439 6.39076 4.07591
2017.2 5.66070 -1.54408 1.61322 2.86591 0.67447
2017.3 -0.44668 -2.34302 2.71171 3.63200 0.60287
2017.4 7.09955 2.86354 9.71938 3.67951 4.87748
2018.1 2.81795 0.10052 1.80965 9.61117 6.47228
2018.2 6.67106 2.27940 4.99978 2.92335 1.64374
2018.3 4.47131 -2.13035 -6.11470 3.20924 0.61127
2018.4 4.12911 -5.45827 0.49519 3.52722 -2.49006
2019.1 4.86090 9.15938 3.12971 14.53717 -4.60255
2019.2 6.92677 4.81751 -2.15416 3.26858 2.76781
2019.3 4.20436 -1.76078 -0.85102 3.33275 -3.90023
2019.4 4.76544 0.39624 1.17332 3.41318 -2.10636
2020.1 2.37965 12.88165 -16.33142 10.61627 -1.24437
2020.2 28.07761 15.81487 -59.93023 511.87915 -11.95291
2020.3 -10.22913 -11.01821 54.54306 -72.66431 7.91759
2020.4 -2.87386 7.83184 22.50927 -21.98707 2.20197
2021.1 16.94907 -1.99241 -2.90850 904.69474 13.26198
2021.2 -7.63457 -3.79235 7.61463 -83.19677 13.42594
2021.3 -6.50519 0.56973 -5.30838 -3.85791 6.10451
2021.4 -5.42430 -1.87898 24.47267 5.45481 5.77673
2022.1 0.00000 0.00000 3.00000 50.46866 7.00000
2022.2 0.00000 0.00000 3.00000 7.23625 7.00000
2022.3 0.00000 0.00000 3.00000 8.74023 7.00000
2022.4 0.00000 0.00000 3.00000 -32.61598 7.00000
2023.1 3.00000 3.00000 3.00000 9.31798 7.00000
2023.2 3.00000 3.00000 3.00000 8.95967 7.00000
2023.3 3.00000 3.00000 3.00000 8.58640 7.00000
2023.4 3.00000 3.00000 3.00000 -8.07289 7.00000
2024.1 3.00000 3.00000 3.00000 7.80378 7.00000
2024.2 3.00000 3.00000 3.00000 7.46852 7.00000
2024.3 3.00000 3.00000 3.00000 7.28425 7.00000
2024.4 3.00000 3.00000 3.00000 7.10259 7.00000
2025.1 3.00000 3.00000 3.00000 6.99270 7.00000
2025.2 3.00000 3.00000 3.00000 6.98544 7.00000
2025.3 3.00000 3.00000 3.00000 6.93903 7.00000
2025.4 3.00000 3.00000 3.00000 6.99373 7.00000
@
@ Federal Government Budget
@
PRINTVAR FIXEDF LEVELS THG TCG IBTG SIG TRFG DG;
THG TCG IBTG SIG TRFG DG
Level Level Level Level Level Level
2017.1 395.07500 58.32500 33.25000 315.62500 16.27500 -32.10000
2017.2 400.17500 60.40000 34.52500 318.77500 10.62500 -26.87500
2017.3 405.95000 63.85000 34.55000 322.55000 10.70000 -23.57500
2017.4 412.35000 62.82500 35.32500 327.22500 10.77500 -21.15000
2018.1 399.30000 47.30000 39.55000 332.12500 13.02500 -19.60000
2018.2 401.85000 52.57500 41.27500 334.50000 10.97500 -17.75000
2018.3 406.77500 53.32500 42.62500 338.47500 15.40000 -21.27500
2018.4 408.52500 55.62500 48.00000 340.35000 9.10000 -20.37500
2019.1 424.10000 52.80000 45.45000 348.10000 8.30000 -16.00000
2019.2 425.47500 54.72500 45.17500 349.82500 8.85000 -18.77500
2019.3 426.95000 51.62500 45.92500 351.72500 12.85000 -13.40000
2019.4 432.15000 57.85000 46.55000 356.60000 8.12500 -15.65000
2020.1 434.47500 41.67500 48.50000 364.27500 8.70000 -18.32500
2020.2 395.37500 41.85000 35.85000 347.90000 9.07500 -22.47500
2020.3 415.55000 52.92500 38.90000 360.95000 10.12500 -27.12500
2020.4 434.22500 56.27500 40.25000 371.50000 10.77500 -22.90000
2021.1 462.97500 61.60000 42.75000 379.47500 9.02500 -21.07500
2021.2 486.52500 68.77500 45.75000 388.92500 8.47500 -27.97500
2021.3 504.62500 71.47500 44.70000 397.67500 8.27500 -30.90000
2021.4 522.05000 74.90188 46.22500 405.75000 8.27500 -28.95000
2022.1 531.50993 73.67819 47.36434 413.42118 8.27500 -28.95000
2022.2 543.50205 76.98808 48.55677 423.23188 8.27500 -28.95000
2022.3 556.48991 80.05077 49.77120 433.65010 8.27500 -28.95000
2022.4 568.70103 81.99475 50.90989 443.06278 8.27500 -28.95000
2023.1 579.87163 83.75807 52.02179 451.35121 8.27500 -28.95000
2023.2 590.00066 85.47941 53.08093 458.60929 8.27500 -28.95000
2023.3 599.30037 87.26318 54.07894 465.07344 8.27500 -28.95000
2023.4 607.74769 88.97970 54.99583 470.76152 8.27500 -28.95000
2024.1 615.56945 90.69893 55.85995 475.86752 8.27500 -28.95000
2024.2 623.00068 92.46697 56.68330 480.61756 8.27500 -28.95000
2024.3 630.24276 94.29251 57.47889 485.19945 8.27500 -28.95000
2024.4 637.44918 96.16884 58.25905 489.75291 8.27500 -28.95000
2025.1 644.68418 98.06642 59.03058 494.32305 8.27500 -28.95000
2025.2 652.01823 99.98616 59.80291 498.96991 8.27500 -28.95000
2025.3 659.53572 101.95035 60.58378 503.76859 8.27500 -28.95000
2025.4 667.31539 103.97964 61.37960 508.78870 8.27500 -28.95000
PRINTVAR FIXEDF LEVELS PUG TRGH TRGR TRGS INTG IGZ;
PUG TRGH TRGR TRGS INTG IGZ
Level Level Level Level Level Level
2017.1 310.62500 504.30000 3.97500 140.82500 107.87500 68.25000
2017.2 314.40000 507.87500 8.67500 134.92500 110.50000 69.65000
2017.3 315.82500 512.42500 8.95000 140.75000 112.95000 69.95000
2017.4 321.92500 517.07500 11.60000 143.95000 115.60000 72.17500
2018.1 326.45000 529.07500 9.65000 145.67500 118.60000 72.75000
2018.2 332.92500 532.90000 9.62500 143.92500 124.27500 73.87500
2018.3 337.70000 537.12500 7.90000 145.67500 128.92500 75.45000
2018.4 341.92500 541.80000 11.30000 147.22500 133.55000 77.47500
2019.1 346.75000 560.50000 10.17500 148.45000 135.85000 77.87500
2019.2 351.72500 565.02500 9.32500 152.62500 137.97500 77.80000
2019.3 356.02500 569.67500 9.55000 152.60000 136.90000 79.75000
2019.4 360.42500 574.47500 10.77500 155.60000 135.05000 82.10000
2020.1 363.67500 589.15000 11.97500 160.15000 132.85000 82.50000
2020.2 381.25000 926.60000 14.95000 350.00000 129.55000 84.35000
2020.3 378.77500 670.00000 15.07500 184.62500 125.50000 86.42500
2020.4 378.07500 629.67500 11.82500 185.75000 122.85000 87.05000
2021.1 392.15000 1121.05000 14.42500 195.37500 120.50000 87.17500
2021.2 390.82500 717.75000 11.45000 408.05000 120.47500 88.80000
2021.3 390.50000 710.72500 18.27500 264.27500 122.75000 91.47500
2021.4 391.52500 720.22500 11.40000 223.00000 129.97500 92.90000
2022.1 395.95868 797.68184 11.40000 183.54391 133.44744 94.53591
2022.2 401.10539 811.73656 11.40000 187.25709 138.45343 96.45644
2022.3 406.94565 828.92011 11.40000 191.41502 144.72904 98.61162
2022.4 413.19986 751.02069 11.40000 195.86293 151.54722 100.85627
2023.1 421.62316 767.93559 11.40000 200.28030 158.16670 103.15614
2023.2 429.95657 784.58724 11.40000 204.76070 164.62296 105.42719
2023.3 438.08916 800.91256 11.40000 208.99166 171.11364 107.64326
2023.4 445.98400 784.23461 11.40000 213.19523 177.39391 109.78263
2024.1 453.66928 799.10621 11.40000 217.14398 183.71936 111.86653
2024.2 461.20795 813.62602 11.40000 221.13301 190.08250 113.90739
2024.3 468.67151 828.05431 11.40000 225.06020 196.46313 115.92239
2024.4 476.12697 842.38149 11.40000 228.96002 202.82770 117.92953
2025.1 483.62290 856.73666 11.40000 232.86756 209.19276 119.94712
2025.2 491.20637 871.32167 11.40000 236.79870 215.57100 121.98356
2025.3 498.91587 886.05886 11.40000 240.91535 221.97366 124.04793
2025.4 506.78416 901.16051 11.40000 244.94729 228.40930 126.14973
@
@ State and Local Government Budget
@
PRINTVAR FIXEDF LEVELS THS TCS IBTS SIS TRGS DS;
THS TCS IBTS SIS TRGS DS
Level Level Level Level Level Level
2017.1 106.17500 13.82500 305.65000 4.95000 140.82500 -1.42500
2017.2 101.60000 13.40000 309.50000 4.92500 134.92500 -1.45000
2017.3 108.10000 13.57500 312.77500 4.95000 140.75000 -1.50000
2017.4 119.55000 13.77500 317.65000 5.00000 143.95000 -1.50000
2018.1 119.75000 13.90000 321.75000 5.05000 145.67500 -1.47500
2018.2 110.60000 15.07500 325.47500 5.10000 143.92500 -1.55000
2018.3 116.05000 15.42500 329.32500 5.12500 145.67500 -1.57500
2018.4 113.40000 16.07500 332.40000 5.12500 147.22500 -1.47500
2019.1 118.22500 18.30000 335.72500 5.15000 148.45000 -1.67500
2019.2 130.22500 18.20000 340.12500 5.12500 152.62500 -1.65000
2019.3 124.35000 18.27500 346.07500 5.07500 152.60000 -1.60000
2019.4 123.67500 18.10000 347.75000 5.05000 155.60000 -1.70000
2020.1 125.95000 16.62500 351.07500 5.02500 160.15000 -1.57500
2020.2 129.37500 15.47500 333.85000 4.77500 350.00000 -1.55000
2020.3 129.90000 19.20000 351.52500 4.97500 184.62500 -1.47500
2020.4 130.70000 19.70000 353.47500 5.12500 185.75000 -1.67500
2021.1 140.05000 21.37500 356.85000 5.30000 195.37500 -1.67500
2021.2 146.60000 22.97500 368.02500 5.47500 408.05000 -1.60000
2021.3 151.27500 23.82500 373.85000 5.62500 264.27500 -1.57500
2021.4 156.92500 24.96729 382.82500 5.70000 223.00000 -1.57500
2022.1 159.76860 24.47653 392.26076 5.72270 183.54391 -1.57500
2022.2 163.37335 25.45159 402.13617 5.74563 187.25709 -1.57500
2022.3 167.27742 26.30689 412.19386 5.76878 191.41502 -1.57500
2022.4 170.94801 26.77594 421.62417 5.79216 195.86293 -1.57500
2023.1 174.30582 27.17708 430.83270 5.81577 200.28030 -1.57500
2023.2 177.35055 27.57059 439.60423 5.83962 204.76070 -1.57500
2023.3 180.14598 27.99578 447.86959 5.86369 208.99166 -1.57500
2023.4 182.68520 28.41318 455.46303 5.88801 213.19523 -1.57500
2024.1 185.03637 28.84266 462.61952 5.91256 217.14398 -1.57500
2024.2 187.27015 29.29761 469.43824 5.93736 221.13301 -1.57500
2024.3 189.44707 29.77810 476.02718 5.96240 225.06020 -1.57500
2024.4 191.61328 30.27891 482.48830 5.98769 228.96002 -1.57500
2025.1 193.78808 30.78715 488.87788 6.01323 232.86756 -1.57500
2025.2 195.99264 31.30170 495.27416 6.03902 236.79870 -1.57500
2025.3 198.25236 31.82847 501.74116 6.06506 240.91535 -1.57500
2025.4 200.59088 32.37273 508.33195 6.09136 244.94729 -1.57500
PRINTVAR FIXEDF LEVELS PUS TRSH UB INTS SUBS ISZ;
PUS TRSH UB INTS SUBS ISZ
Level Level Level Level Level Level
2017.1 528.70000 156.45000 7.70000 55.50000 1.77500 95.97500
2017.2 530.15000 155.40000 7.52500 55.40000 2.07500 96.55000
2017.3 534.37500 158.97500 7.55000 54.77500 2.20000 96.75000
2017.4 543.05000 157.42500 7.42500 53.72500 2.17500 99.05000
2018.1 549.92500 158.92500 7.25000 52.10000 2.02500 100.00000
2018.2 558.15000 161.57500 6.90000 51.47500 2.05000 102.50000
2018.3 562.52500 162.25000 6.80000 51.87500 2.15000 101.65000
2018.4 562.42500 160.80000 6.77500 53.22500 2.32500 98.87500
2019.1 565.87500 162.90000 7.10000 55.77500 2.60000 103.32500
2019.2 574.00000 166.87500 6.95000 57.27500 2.82500 106.72500
2019.3 576.80000 168.95000 6.85000 57.77500 2.95000 106.00000
2019.4 582.30000 168.60000 6.70000 57.25000 2.95000 106.42500
2020.1 594.22500 165.70000 9.87500 55.80000 3.57500 110.65000
2020.2 583.65000 177.57500 259.85000 54.65000 4.87500 109.32500
2020.3 586.62500 187.07500 191.95000 54.02500 4.52500 109.15000
2020.4 593.25000 184.20000 74.97500 53.70000 4.47500 112.07500
2021.1 602.17500 188.82500 141.45000 53.97500 5.02500 110.55000
2021.2 613.15000 197.57500 120.10000 53.80000 5.52500 109.32500
2021.3 630.72500 209.37500 68.07500 53.20000 1.52500 110.57500
2021.4 640.57500 213.07500 9.40000 52.35000 2.37500 111.95000
2022.1 647.75283 189.90677 7.00000 52.35000 2.37500 113.08263
2022.2 656.17277 193.82534 7.00000 52.35000 2.37500 114.53046
2022.3 665.79926 198.20635 7.00000 52.35000 2.37500 116.22740
2022.4 676.15640 202.63003 7.00000 52.35000 2.37500 117.99784
2023.1 688.74250 207.28039 7.00000 52.35000 2.37500 119.80003
2023.2 701.13821 211.86223 7.00000 52.35000 2.37500 121.53606
2023.3 713.15716 216.32236 7.00000 52.35000 2.37500 123.17713
2023.4 724.74165 220.61659 7.00000 52.35000 2.37500 124.70032
2024.1 735.93947 224.78701 7.00000 52.35000 2.37500 126.13186
2024.2 746.85486 228.85818 7.00000 52.35000 2.37500 127.48739
2024.3 757.60675 232.86414 7.00000 52.35000 2.37500 128.78739
2024.4 768.30682 236.98136 7.00000 52.35000 2.37500 130.05267
2025.1 779.03900 240.96606 7.00000 52.35000 2.37500 131.30378
2025.2 789.87842 245.11749 7.00000 52.35000 2.37500 132.54990
2025.3 800.88723 249.31264 7.00000 52.35000 2.37500 133.80068
2025.4 812.11872 253.42399 7.00000 52.35000 2.37500 135.06593
@
@ Financial Saving of the Six Sectors
@
PRINTVAR FIXEDF LEVELS SH SF SB SR SG SS;
SH SF SB SR SG SS
Level Level Level Level Level Level
2017.1 189.40400 13.98400 -6.12400 91.69400 -184.08600 -76.74600
2017.2 200.97100 2.63600 0.49800 110.52800 -193.27300 -83.31000
2017.3 235.01000 23.61700 -49.39400 96.00800 -203.17900 -74.63700
2017.4 183.96200 -193.59000 -45.23900 90.63000 44.64700 -60.36100
2018.1 209.48500 27.62800 -2.24300 99.92300 -243.12400 -59.84300
2018.2 212.60100 7.33100 5.61900 96.83800 -248.17100 -74.34400
2018.3 224.98600 -17.23900 16.51800 122.35400 -241.26800 -65.52700
2018.4 247.59600 -13.55400 11.03800 125.86000 -259.83700 -62.55300
2019.1 270.24100 -55.15700 27.21500 132.19400 -267.90800 -59.40800
2019.2 226.81200 -38.89900 26.67300 127.49600 -274.70100 -50.60500
2019.3 219.16000 -40.86700 37.65400 120.18600 -288.04400 -55.13800
2019.4 226.09400 7.82600 22.84600 106.84600 -300.58000 -55.45800
2020.1 319.79900 -29.50300 26.46200 115.99800 -311.43100 -53.99900
2020.2 1149.72900 39.88100 21.98900 132.98000 -1431.15100 121.04700
2020.3 615.18600 85.34800 9.79200 166.81200 -903.08600 -32.80200
2020.4 480.81000 33.18500 22.15700 177.11000 -559.70200 -31.11100
2021.1 933.66800 73.68300 28.38900 205.03100 -1095.04800 -19.62400
2021.2 389.09600 129.52700 34.58300 201.84700 -852.96600 194.48800
2021.3 340.17200 126.15600 17.95900 212.63200 -589.48600 41.46800
2021.4 230.78588 95.43290 16.07827 213.20000 -411.73234 5.11029
2022.1 234.33887 68.72456 15.52016 215.94398 -380.42855 -5.22401
2022.2 213.64997 80.70745 15.08140 217.79729 -380.56167 2.20057
2022.3 201.35415 85.97495 14.70399 222.53014 -384.65572 8.96750
2022.4 108.27279 81.05677 14.28739 229.00261 -297.82070 14.07614
2023.1 105.33438 87.21893 13.86076 236.39705 -310.07297 16.13686
2023.2 99.86183 97.90757 13.38858 244.06318 -324.07284 17.72668
2023.3 94.28324 110.38717 12.86872 251.56170 -339.00921 18.78338
2023.4 61.51223 119.31677 12.28942 258.67558 -322.31875 19.39977
2024.1 60.13969 129.08187 11.66794 266.45716 -338.07262 19.60096
2024.2 59.39653 138.70143 11.00461 274.21418 -354.18975 19.74800
2024.3 59.94255 147.79145 10.30227 281.52242 -370.45361 19.76993
2024.4 61.80103 156.35266 9.56504 288.19232 -386.60817 19.57211
2025.1 64.12125 163.78266 8.80126 295.52179 -402.78037 19.42841
2025.2 67.33232 170.94001 8.00852 302.60784 -419.09973 19.08604
2025.3 71.19841 178.16590 7.18680 308.95604 -435.50309 18.87094
2025.4 75.66336 185.53889 6.33763 314.44837 -451.79056 18.67732
PRINTVAR FIXEDF LEVELS GDPR GDPD PCGDPR;
GDPR GDPD PCGDPR
Level Level Level
2017.1 4474.15000 1.06979 1.89969
2017.2 4499.22500 1.07368 2.26068
2017.3 4531.57500 1.07902 2.90722
2017.4 4574.15000 1.08670 3.81137
2018.1 4609.07500 1.09262 3.08928
2018.2 4647.50000 1.10160 3.37666
2018.3 4669.90000 1.10597 1.94190
2018.4 4680.35000 1.11174 0.89810
2019.1 4708.30000 1.11513 2.41019
2019.2 4745.65000 1.12151 3.21108
2019.3 4778.20000 1.12516 2.77192
2019.4 4800.57500 1.12979 1.88629
2020.1 4738.00000 1.13261 -5.11290
2020.2 4314.55000 1.12860 -31.23589
2020.3 4640.20000 1.13958 33.78418
2020.4 4691.95000 1.14658 4.53620
2021.1 4763.92500 1.15651 6.27868
2021.2 4842.07500 1.17414 6.72505
2021.3 4869.75000 1.19115 2.30589
2021.4 4951.50000 1.21137 6.88591
2022.1 5002.79872 1.22363 4.20894
2022.2 5085.08560 1.23929 6.74338
2022.3 5159.26576 1.25765 5.96404
2022.4 5208.04192 1.27681 3.83560
2023.1 5243.37484 1.29631 2.74146
2023.2 5271.27890 1.31510 2.14576
2023.3 5296.19744 1.33285 1.90434
2023.4 5316.82091 1.34934 1.56673
2024.1 5335.21171 1.36483 1.39079
2024.2 5352.87381 1.37949 1.33078
2024.3 5370.59607 1.39356 1.33091
2024.4 5388.71282 1.40725 1.35617
2025.1 5406.53035 1.42079 1.32916
2025.2 5424.28243 1.43427 1.31986
2025.3 5442.50400 1.44781 1.35049
2025.4 5461.62849 1.46150 1.41299
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