@ 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 4951.57500 6.89239 2111.52500 3.26658 849.27500 0.36585
2022.1 4932.00000 -1.57196 2127.10000 2.98328 841.32500 -3.69212
2022.2 4920.40000 -0.93748 2148.42500 4.07086 829.57500 -5.47048
2022.3 4950.96621 2.50811 2172.63782 4.58480 824.42571 -2.45984
2022.4 4979.05612 2.28884 2192.99533 3.80099 820.63546 -1.82633
2023.1 4999.67463 1.66674 2210.75662 3.27921 817.91891 -1.31756
2023.2 5019.20277 1.57153 2227.17501 3.00389 815.95246 -0.95822
2023.3 5046.27927 2.17536 2242.49885 2.78069 814.62991 -0.64677
2023.4 5073.77359 2.19725 2256.26323 2.47788 813.58515 -0.51201
2024.1 5100.22569 2.10176 2269.25035 2.32237 813.05880 -0.25853
2024.2 5125.78770 2.01990 2281.56673 2.18874 812.96079 -0.04821
2024.3 5151.19806 1.99774 2293.32627 2.07765 813.22430 0.12972
2024.4 5176.89916 2.01072 2304.65344 1.99036 813.80168 0.28430
2025.1 5202.42525 1.98694 2315.48666 1.89353 814.65626 0.42071
2025.2 5228.12290 1.99051 2325.96584 1.82260 815.74572 0.53600
2025.3 5254.57181 2.03900 2336.21002 1.77338 817.03790 0.63513
2025.4 5282.21586 2.12105 2346.31161 1.74082 818.51069 0.72299
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 585.32756 2.49775
2019.4 448.65000 4.93920 126.82612 2.02509 579.94768 -3.62612
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 552.63828 13.74251
2021.1 563.37500 49.96085 148.67624 6.47619 570.83678 13.83713
2021.2 579.05000 11.60251 141.71147 -17.46205 585.21014 10.45861
2021.3 539.62500 -24.57697 139.44540 -6.24449 590.08655 3.37499
2021.4 542.97500 2.50643 141.25623 5.29642 595.69335 3.85518
2022.1 550.77500 5.87113 140.17877 -3.01633 610.91046 10.61633
2022.2 547.17500 -2.58898 134.98251 -14.02326 610.82833 -0.05377
2022.3 537.57655 -6.83425 134.91675 -0.19472 611.91227 0.71171
2022.4 525.75895 -8.50752 129.59657 -14.86454 607.29198 -2.98619
2023.1 513.56200 -8.96155 126.58423 -8.97840 597.57384 -6.24895
2023.2 501.31971 -9.19963 125.13371 -4.50539 593.47904 -2.71290
2023.3 489.27802 -9.26733 125.12282 -0.03481 599.79803 4.32745
2023.4 477.15302 -9.55014 124.33590 -2.49204 606.17945 4.32411
2024.1 465.56544 -9.36577 125.02102 2.22236 612.20582 4.03632
2024.2 454.60890 -9.08641 126.41860 4.54705 618.10980 3.91368
2024.3 444.35974 -8.71759 128.12317 5.50349 624.08868 3.92564
2024.4 434.87415 -8.26912 129.96704 5.88202 629.91313 3.78568
2025.1 426.23164 -7.71559 132.10701 6.75064 635.51865 3.60735
2025.2 418.45280 -7.10268 134.27034 6.71291 640.93754 3.45456
2025.3 411.55057 -6.43640 136.33961 6.30846 646.27460 3.37262
2025.4 405.53276 -5.72188 138.32002 5.93805 651.62536 3.35311
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
2021.4 935.17500 17.93081
2022.1 976.50000 18.88237
2022.2 983.92500 3.07634
2022.3 961.34183 -8.86958
2022.4 944.04218 -7.00615
2023.1 930.96547 -5.42667
2023.2 920.64575 -4.36080
2023.3 912.57924 -3.45892
2023.4 906.11896 -2.80173
2024.1 901.75124 -1.91420
2024.2 898.58048 -1.39909
2024.3 896.05136 -1.12109
2024.4 893.87539 -0.96782
2025.1 892.90786 -0.43226
2025.2 892.35567 -0.24714
2025.3 891.81554 -0.24189
2025.4 891.19171 -0.27951
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 48.30000
2022.1 47.12500
2022.2 20.25000
2022.3 5.30893
2022.4 8.72597
2023.1 13.46188
2023.2 13.19153
2023.3 10.99216
2023.4 12.76680
2024.1 14.06619
2024.2 14.56234
2024.3 14.52167
2024.4 14.36068
2025.1 14.39385
2025.2 14.29546
2025.3 14.15325
2025.4 14.13495
@
@ Prices and Wages
@
PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;
GDPD PF WF WR
%Change %Change %Change %Change
2017.1 1.85886 1.86353 5.10141 3.17865
2017.2 1.46222 0.94077 0.39533 -0.54036
2017.3 2.00580 1.95333 4.95594 2.94509
2017.4 2.87600 2.52355 4.79060 2.21124
2018.1 2.19584 1.90042 2.41027 0.50034
2018.2 3.32818 3.23335 1.10966 -2.05717
2018.3 1.59623 1.61270 4.83944 3.17553
2018.4 2.10420 1.23503 2.39827 1.14905
2019.1 1.22652 0.93356 7.62215 6.62673
2019.2 2.30805 2.66962 1.48249 -1.15626
2019.3 1.30851 0.72998 1.41883 0.68386
2019.4 1.65414 1.26005 5.69956 4.38427
2020.1 1.00404 0.41619 10.58552 10.12719
2020.2 -1.40941 -4.65711 30.06405 36.41714
2020.3 3.94852 5.24023 -3.06577 -7.89242
2020.4 2.48005 3.06248 3.44306 0.36928
2021.1 3.50934 3.90283 -2.47389 -6.13719
2021.2 6.23687 5.29399 10.52951 4.97229
2021.3 5.92544 7.33228 5.29154 -1.90134
2021.4 7.14249 8.31407 9.13613 0.75895
2022.1 8.25443 8.08598 2.68545 -4.99651
2022.2 8.87042 9.22578 7.04917 -1.99276
2022.3 4.66148 4.61951 5.25006 0.60271
2022.4 4.66012 4.46877 5.13891 0.64147
2023.1 4.48105 4.13881 4.85999 0.69252
2023.2 4.13145 3.82915 4.59840 0.74089
2023.3 3.91423 3.65477 4.46094 0.77774
2023.4 3.88025 3.58898 4.42290 0.80503
2024.1 3.93118 3.59764 4.45264 0.82531
2024.2 3.99394 3.65718 4.52833 0.84041
2024.3 4.07740 3.75336 4.63678 0.85147
2024.4 4.18682 3.87629 4.76887 0.85928
2025.1 4.32729 4.01604 4.91543 0.86466
2025.2 4.45958 4.16654 5.07084 0.86813
2025.3 4.59372 4.32477 5.23238 0.86999
2025.4 4.73534 4.48908 5.39856 0.87041
@
@ 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 3913.06800 21.42734 2156.87100
2017.2 0.89000 3.80000 3.98667 3990.54800 8.15848 1986.81400
2017.3 1.03667 3.65333 3.88667 4000.64200 1.01564 2077.73800
2017.4 1.20667 3.56000 3.92333 4043.57100 4.36179 1956.41200
2018.1 1.56000 3.74667 4.26883 4143.16400 10.22198 2114.58900
2018.2 1.84000 3.93667 4.54117 4103.08500 -3.81362 1894.22100
2018.3 2.04000 3.91000 4.57000 4113.00000 0.97010 1776.76300
2018.4 2.31667 4.12667 4.78000 4185.88200 7.27860 1563.43400
2019.1 2.38667 3.83000 4.36667 4146.91100 -3.67236 1588.31900
2019.2 2.30000 3.59333 4.00333 4245.30600 9.83409 1428.87800
2019.3 1.98000 3.10000 3.66667 4368.47800 12.12039 1434.68900
2019.4 1.57667 3.02667 3.70333 4456.56900 8.31334 1556.34800
2020.1 1.11000 2.91333 3.51333 5266.27400 94.98952 2405.19000
2020.2 0.14333 2.45667 3.23333 6004.46300 68.99851 2711.11300
2020.3 0.11333 2.23333 2.95000 6228.96200 15.81533 2684.15800
2020.4 0.09333 2.30333 2.76000 7403.41200 99.55607 2957.89900
2021.1 0.05000 2.73000 2.87667 7925.26100 31.31871 3638.87500
2021.2 0.02667 2.88333 3.00000 8337.21300 22.46988 3477.35100
2021.3 0.04667 2.55000 2.87000 8717.58500 19.53668 3850.13700
2021.4 0.05333 2.64667 3.08000 8956.72500 11.43258 3638.55000
2022.1 0.30667 3.20333 3.79333 9188.44000 10.75674 3596.14800
2022.2 1.07667 4.04333 5.24333 9121.08685 -2.90000 3596.14800
2022.3 3.00000 4.69711 5.74173 9232.36290 4.96998 3596.14800
2022.4 3.75000 4.97610 6.17735 9341.61328 4.81805 3596.14800
2023.1 4.25000 5.21697 6.47211 9447.80646 4.62523 3596.14800
2023.2 4.25000 5.32827 6.62491 9551.46181 4.46130 3596.14800
2023.3 4.25000 5.43797 6.71412 9654.43456 4.38257 3596.14800
2023.4 4.25000 5.53839 6.79268 9759.47888 4.42372 3596.14800
2024.1 4.25000 5.63044 6.86188 9867.96774 4.52120 3596.14800
2024.2 4.25000 5.71485 6.92283 9980.15996 4.62588 3596.14800
2024.3 4.25000 5.79227 6.97650 10096.48775 4.74451 3596.14800
2024.4 4.25000 5.86326 7.02378 10217.50450 4.88130 3596.14800
2025.1 4.25000 5.92836 7.06541 10343.88475 5.04015 3596.14800
2025.2 4.25000 5.98807 7.10208 10475.65382 5.19373 3596.14800
2025.3 4.25000 6.04283 7.13438 10613.02079 5.34926 3596.14800
2025.4 4.25000 6.09304 7.16283 10756.31125 5.51091 3596.14800
@
@ Unemployment Rate and Unemployment
@
PRINTVAR FIXEDF LEVELS UR100 U;
UR100 U
Level Level
2017.1 4.57007 7.31511
2017.2 4.36133 6.99604
2017.3 4.31921 6.95196
2017.4 4.17605 6.71157
2018.1 4.03226 6.51001
2018.2 3.92576 6.35496
2018.3 3.78536 6.12959
2018.4 3.83545 6.24173
2019.1 3.82955 6.26278
2019.2 3.62919 5.92679
2019.3 3.60935 5.92873
2019.4 3.59927 5.93870
2020.1 3.80091 6.27267
2020.2 12.98325 20.66765
2020.3 8.81521 14.22971
2020.4 6.77668 10.96786
2021.1 6.20769 10.04375
2021.2 5.89759 9.57835
2021.3 5.09614 8.30368
2021.4 4.21860 6.89920
2022.1 3.80724 6.24500
2022.2 3.61523 5.93433
2022.3 3.57742 5.88509
2022.4 3.73801 6.16183
2023.1 4.02501 6.64679
2023.2 4.36502 7.21899
2023.3 4.67785 7.74591
2023.4 4.95278 8.20966
2024.1 5.19341 8.61612
2024.2 5.40390 8.97223
2024.3 5.58579 9.28062
2024.4 5.74014 9.54314
2025.1 5.87130 9.76714
2025.2 5.98179 9.95693
2025.3 6.07186 10.11301
2025.4 6.14093 10.23454
@
@ 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 0.78036 0.79277 4.18986 -24.27608 1.75086 2.88999
2017.2 -0.15298 2.04139 0.85683 -2.96886 1.70820 1.73192
2017.3 0.86408 1.08733 2.10159 -13.01224 1.10938 1.55187
2017.4 0.84805 -1.06909 -1.51358 62.90302 2.20142 0.01736
2018.1 2.53625 0.40286 2.32222 -1.41007 2.55145 2.43239
2018.2 0.50245 0.64386 1.93958 2.86645 1.64194 1.50468
2018.3 -1.15378 2.06601 -0.21609 9.84033 1.21674 0.70631
2018.4 1.48801 1.63136 2.78534 1.16712 1.97465 1.78577
2019.1 2.36034 0.09154 3.13207 -23.77231 0.72296 1.98743
2019.2 -1.61230 -0.00855 0.01049 13.71788 0.72446 0.26860
2019.3 0.42531 1.80131 4.59728 -7.70309 2.22933 2.41468
2019.4 1.05727 3.57970 1.04737 -21.19777 0.60784 1.83173
2020.1 0.35217 -0.25969 0.10198 -37.98211 -3.15559 -0.74712
2020.2 -8.31453 -11.36440 -19.32017 190.10925 -40.22595 -41.74245
2020.3 2.75201 2.82010 11.04557 -41.12442 26.06642 27.19058
2020.4 -0.35915 -0.54162 3.71897 -67.64162 6.69866 10.29953
2021.1 0.86346 1.54930 -2.37637 60.47743 4.13952 2.31024
2021.2 1.86194 1.26436 1.40047 63.79221 4.87404 2.85427
2021.3 1.63304 1.29692 0.97866 4.56455 5.14386 4.75860
2021.4 -0.26327 1.37940 3.22750 -23.46770 4.58659 5.24595
2022.1 1.38221 2.62028 -0.15342 33.18774 4.42128 2.91683
2022.2 0.15312 1.52822 -0.58593 60.75620 3.33707 1.08474
2022.3 0.29058 0.52208 1.70188 14.69428 1.69349 1.02454
2022.4 0.28115 0.45941 1.60812 12.05164 0.62381 0.14905
2023.1 0.24763 0.33421 1.45475 8.95546 -0.19727 -0.47517
2023.2 0.20565 0.19544 1.27718 5.94819 -0.71067 -0.81428
2023.3 0.17174 0.09032 1.11512 3.50321 -0.82412 -0.80652
2023.4 0.14764 0.02056 0.97531 1.59589 -0.84241 -0.73194
2024.1 0.13214 -0.02036 0.85524 0.12537 -0.83547 -0.65267
2024.2 0.12362 -0.03899 0.75271 -0.99400 -0.81220 -0.57462
2024.3 0.12112 -0.03949 0.66672 -1.81834 -0.76475 -0.48896
2024.4 0.12389 -0.02506 0.59645 -2.39161 -0.69430 -0.39515
2025.1 0.13060 -0.00026 0.53942 -2.76937 -0.62202 -0.30994
2025.2 0.14046 0.03210 0.49426 -2.98903 -0.54339 -0.22733
2025.3 0.15308 0.07072 0.46058 -3.07028 -0.44991 -0.13849
2025.4 0.16832 0.11503 0.43834 -3.02536 -0.33876 -0.04016
@
@ Profits and Productivity
@
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;
PIEF PIEF PROD100 PROD100
Level %Change Level %Change
2017.1 326.98267 25.70276 6.99624 -99.00000
2017.2 326.23600 -0.91029 6.98882 -0.42325
2017.3 323.16300 -3.71492 7.05791 4.01335
2017.4 282.33500 -41.73975 7.07454 0.94588
2018.1 306.42700 38.75519 7.09454 1.13526
2018.2 318.37610 16.53429 7.11666 1.25300
2018.3 329.57100 14.82438 7.13960 1.29578
2018.4 329.11200 -0.55593 7.13219 -0.41474
2019.1 303.52000 -27.66069 7.19291 3.44944
2019.2 304.96700 1.92064 7.23976 2.63093
2019.3 290.09400 -18.12645 7.25678 0.94381
2019.4 309.29300 29.21870 7.28743 1.69997
2020.1 251.98172 -55.94494 7.26540 -1.20383
2020.2 227.58000 -33.46346 7.56868 17.77236
2020.3 376.22251 646.86608 7.61321 2.37417
2020.4 380.82496 4.98385 7.52636 -4.48542
2021.1 431.20900 64.38025 7.55272 1.40809
2021.2 507.95500 92.55274 7.60211 2.64151
2021.3 501.59500 -4.91504 7.51405 -4.55382
2021.4 494.73200 -5.36164 7.60004 4.65700
2022.1 531.95000 33.66055 7.46797 -6.77178
2022.2 531.68412 -0.19978 7.39592 -3.80364
2022.3 513.30509 -13.12645 7.41773 1.18446
2022.4 524.65108 9.13901 7.45566 2.06127
2023.1 541.75737 13.69387 7.49917 2.35459
2023.2 562.21872 15.98502 7.54989 2.73311
2023.3 588.82189 20.31356 7.61061 3.25614
2023.4 613.25094 17.65682 7.67143 3.23494
2024.1 633.59051 13.94145 7.73024 3.10208
2024.2 650.79398 11.31135 7.78699 2.96872
2024.3 667.64111 10.76388 7.84214 2.86332
2024.4 684.56577 10.53211 7.89586 2.76846
2025.1 701.38063 10.19309 7.94764 2.64914
2025.2 718.29027 9.99802 7.99783 2.55009
2025.3 735.85078 10.14355 8.04689 2.47639
2025.4 754.48110 10.51836 8.09507 2.41656
@
@ Some other endogenous variables
@
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;
CG SRZ100 SR SGP SSP
Level Level Level Level Level
2017.1 1445.40600 7.29548 91.69400 -171.00000 -60.90000
2017.2 838.14800 7.72298 110.52800 -177.00000 -67.97500
2017.3 1254.41400 7.73612 96.00800 -182.37500 -59.10000
2017.4 2042.85000 7.18971 90.63000 -190.35000 -42.82500
2018.1 -101.47400 7.74864 99.92300 -227.42500 -41.95000
2018.2 763.14200 7.71939 96.83800 -232.20000 -55.30000
2018.3 1313.37100 7.82184 122.35400 -225.35000 -50.00000
2018.4 -4261.54900 8.11277 125.86000 -243.10000 -50.05000
2019.1 4464.89800 8.83300 132.19400 -253.90000 -42.05000
2019.2 1293.14700 7.64150 127.49600 -258.27500 -31.95000
2019.3 213.35900 7.43242 120.18600 -270.22500 -38.05000
2019.4 2972.41800 7.58772 106.84600 -265.10000 -38.27500
2020.1 -7731.72500 10.00873 115.99800 -289.52500 -33.65000
2020.2 5928.35700 26.84605 132.98000 -1406.37500 138.30000
2020.3 3300.32700 16.45938 166.81200 -879.10000 -16.60000
2020.4 6862.20600 13.92270 177.11000 -535.02500 -12.07500
2021.1 2775.68700 20.94099 205.03100 -1022.22500 -3.22500
2021.2 3191.14600 11.14530 201.84700 -828.15000 207.12500
2021.3 938.85400 9.72933 212.64600 -558.87500 51.40000
2021.4 2945.93000 8.11490 215.34000 -374.52500 21.47500
2022.1 -3191.01300 5.74995 274.84100 -244.90000 37.52500
2022.2 -7116.00000 5.35666 249.82500 -246.74051 34.99030
2022.3 653.40438 7.44096 231.89557 -318.69007 8.94491
2022.4 665.71031 5.53389 218.79611 -239.14880 8.01717
2023.1 678.01409 5.53256 210.45159 -258.46762 6.48296
2023.2 690.00576 5.48986 205.25753 -278.52365 4.86733
2023.3 701.68466 5.49179 202.56882 -297.71814 3.28082
2023.4 713.25717 4.92870 201.59801 -284.63190 1.51873
2024.1 724.90751 5.00542 202.95166 -303.71720 -0.59030
2024.2 736.76477 5.08470 205.50572 -322.98728 -2.74982
2024.3 748.92365 5.16785 208.48066 -342.07329 -4.97820
2024.4 761.45929 5.25514 211.47162 -360.77235 -7.37702
2025.1 774.43351 5.34062 215.56515 -379.20743 -9.68479
2025.2 787.89375 5.42862 219.77249 -397.52297 -12.16486
2025.3 801.87717 5.51475 223.54002 -415.66869 -14.49314
2025.4 816.41762 5.60070 226.69539 -433.46191 -16.77640
@
@ 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 -5.54776 -3.08604 22.35798 4.94328 5.61987
2022.1 -8.95829 -2.55005 -4.81672 -5.84495 13.77834
2022.2 -4.21178 -4.48173 17.98841 -0.53519 12.50278
2022.3 3.00000 3.00000 5.00000 100.22019 9.00000
2022.4 3.00000 3.00000 5.00000 -33.61407 9.00000
2023.1 3.00000 3.00000 5.00000 7.49733 9.00000
2023.2 3.00000 3.00000 5.00000 7.11609 9.00000
2023.3 3.00000 3.00000 5.00000 6.94262 9.00000
2023.4 3.00000 3.00000 5.00000 -9.08687 9.00000
2024.1 3.00000 3.00000 5.00000 7.04122 9.00000
2024.2 3.00000 3.00000 5.00000 7.08275 9.00000
2024.3 3.00000 3.00000 5.00000 7.21806 9.00000
2024.4 3.00000 3.00000 5.00000 7.30725 9.00000
2025.1 3.00000 3.00000 5.00000 7.42870 9.00000
2025.2 3.00000 3.00000 5.00000 7.61285 9.00000
2025.3 3.00000 3.00000 5.00000 7.72740 9.00000
2025.4 3.00000 3.00000 5.00000 7.91993 9.00000
@
@ 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
2021.3 509.00000 71.47500 44.70000 398.60000 8.27500 -30.90000
2021.4 531.47500 70.30000 46.12500 409.75000 8.27500 -31.55000
2022.1 601.47500 70.20000 50.10000 420.45000 7.90000 -35.20000
2022.2 609.90000 70.18449 52.10000 427.70000 10.10000 -32.22500
2022.3 620.27909 69.95182 53.01798 434.31110 10.10000 -32.22500
2022.4 629.72856 71.47059 53.84970 439.89766 10.10000 -32.22500
2023.1 637.92136 73.32580 54.61829 444.22891 10.10000 -32.22500
2023.2 645.27790 75.35899 55.34917 447.84007 10.10000 -32.22500
2023.3 652.79980 77.74461 56.06341 451.60076 10.10000 -32.22500
2023.4 660.47071 80.01616 56.75271 455.47826 10.10000 -32.22500
2024.1 668.32678 82.07125 57.45098 459.46890 10.10000 -32.22500
2024.2 676.41636 83.96745 58.16687 463.62966 10.10000 -32.22500
2024.3 684.82680 85.86995 58.90753 468.04375 10.10000 -32.22500
2024.4 693.64122 87.80794 59.67919 472.77715 10.10000 -32.22500
2025.1 702.87315 89.77525 60.48433 477.83059 10.10000 -32.22500
2025.2 712.56077 91.78422 61.32761 483.23117 10.10000 -32.22500
2025.3 722.76578 93.86890 62.21295 489.02698 10.10000 -32.22500
2025.4 733.54997 96.05613 63.14381 495.26550 10.10000 -32.22500
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
2021.4 391.55000 719.35000 11.67500 226.05000 130.17500 92.65000
2022.1 391.72500 708.60000 14.25000 229.07500 134.65000 92.85000
2022.2 394.55000 707.65000 15.20000 234.20000 144.85000 93.85000
2022.3 401.84402 841.77395 15.20000 194.38324 154.00301 95.62915
2022.4 409.08423 759.82661 15.20000 198.15947 164.59172 97.44171
2023.1 416.14543 773.68453 15.20000 201.77964 176.32351 99.24614
2023.2 423.06008 787.09579 15.20000 205.41538 187.90284 100.99931
2023.3 429.94657 800.41515 15.20000 208.86187 199.55794 102.72980
2023.4 436.88327 781.57733 15.20000 212.47285 211.02270 104.48141
2024.1 443.94352 794.98642 15.20000 216.02449 222.48159 106.27590
2024.2 451.18131 808.70400 15.20000 219.79527 233.72956 108.11753
2024.3 458.63807 822.91803 15.20000 223.66419 244.63915 110.01313
2024.4 466.34639 837.55598 15.20000 227.64844 255.22343 111.97138
2025.1 474.33138 852.69540 15.20000 231.76911 265.50273 114.00288
2025.2 482.61351 868.48026 15.20000 236.02649 275.53949 116.10801
2025.3 491.20994 884.79263 15.20000 240.57107 285.38462 118.28996
2025.4 500.13682 901.81387 15.20000 245.12489 295.08042 120.55369
@
@ 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
2021.4 157.27500 28.85000 382.22500 5.70000 226.05000 -1.65000
2022.1 163.77500 43.90000 389.70000 5.72500 229.07500 -1.70000
2022.2 170.92500 43.89030 395.90000 5.67500 234.20000 -1.60000
2022.3 173.83375 43.57949 402.87561 5.69888 194.38324 -1.60000
2022.4 176.48197 44.35806 409.19569 5.72299 198.15947 -1.60000
2023.1 178.77801 45.35208 415.03611 5.74734 201.77964 -1.60000
2023.2 180.83969 46.47388 420.58996 5.77193 205.41538 -1.60000
2023.3 182.94771 47.82521 426.01733 5.79677 208.86187 -1.60000
2023.4 185.09748 49.10283 431.25523 5.82184 212.47285 -1.60000
2024.1 187.29916 50.23697 436.56132 5.84717 216.02449 -1.60000
2024.2 189.56627 51.26249 442.00122 5.87274 219.79527 -1.60000
2024.3 191.92330 52.28086 447.62942 5.89857 223.66419 -1.60000
2024.4 194.39355 53.30799 453.49313 5.92465 227.64844 -1.60000
2025.1 196.98081 54.33712 459.61129 5.95099 231.76911 -1.60000
2025.2 199.69577 55.37581 466.01923 5.97758 236.02649 -1.60000
2025.3 202.55573 56.44443 472.74676 6.00444 240.57107 -1.60000
2025.4 205.57801 57.55835 479.82020 6.03157 245.12489 -1.60000
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
2021.4 641.67500 210.75000 9.42500 52.32500 2.70000 111.85000
2022.1 658.15000 212.82500 6.27500 51.17500 2.52500 112.90000
2022.2 679.42500 216.27500 5.00000 50.27500 2.95000 112.92500
2022.3 691.58659 201.27989 7.00000 50.27500 2.95000 114.21860
2022.4 703.69050 205.00592 7.00000 50.27500 2.95000 115.52664
2023.1 715.49355 208.83213 7.00000 50.27500 2.95000 116.79964
2023.2 727.03468 212.53961 7.00000 50.27500 2.95000 117.98777
2023.3 738.51610 216.18802 7.00000 50.27500 2.95000 119.12578
2023.4 750.08508 219.86905 7.00000 50.27500 2.95000 120.26493
2024.1 761.86637 223.62812 7.00000 50.27500 2.95000 121.42985
2024.2 773.95155 227.47371 7.00000 50.27500 2.95000 122.62456
2024.3 786.41133 231.41973 7.00000 50.27500 2.95000 123.85587
2024.4 799.30188 235.62383 7.00000 50.27500 2.95000 125.13240
2025.1 812.66590 239.82942 7.00000 50.27500 2.95000 126.46468
2025.2 826.53789 244.31815 7.00000 50.27500 2.95000 127.85165
2025.3 840.94742 248.95636 7.00000 50.27500 2.95000 129.29530
2025.4 855.92244 253.60773 7.00000 50.27500 2.95000 130.79949
@
@ 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 -40.86600 37.65300 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 39.88200 21.98800 132.98000 -1431.15100 121.04700
2020.3 615.18600 85.34800 9.79200 166.81200 -903.08600 -32.80200
2020.4 481.19700 33.18400 22.15800 177.11000 -560.08900 -31.11100
2021.1 934.05100 73.67700 28.39600 205.03100 -1095.43200 -19.62400
2021.2 389.48200 129.38600 34.72400 201.84700 -853.35200 194.48800
2021.3 343.05500 126.80300 16.70400 212.64600 -584.37300 41.49100
2021.4 254.02400 41.62600 32.69500 215.34000 -401.09800 10.23800
2022.1 145.89500 -80.64400 27.78400 274.84100 -188.84900 28.60000
2022.2 147.64829 -51.56650 26.17385 249.82500 -195.86296 31.38330
2022.3 261.12070 -48.42587 25.64813 231.89557 -268.18068 5.54314
2022.4 188.54018 -40.69763 25.14959 218.79611 -189.01782 4.83058
2023.1 206.78229 -29.09408 24.65208 210.45159 -208.72165 3.53077
2023.2 220.23239 -14.99807 24.09708 205.25753 -229.16525 2.17731
2023.3 233.24073 -3.82305 23.49303 202.56882 -248.75230 0.87377
2023.4 218.81889 0.97037 22.87535 201.59801 -236.06777 -0.59385
2024.1 234.26092 6.10354 22.25200 202.95166 -255.56625 -2.40087
2024.2 248.42278 11.57053 21.61481 205.50572 -275.26173 -4.25111
2024.3 262.06663 17.04245 20.96116 208.48066 -294.78636 -6.16354
2024.4 275.50766 22.50861 20.29220 211.47162 -313.93857 -8.24052
2025.1 288.08109 27.40666 19.61240 215.56515 -332.84283 -10.22148
2025.2 300.51838 32.40720 18.91586 219.77249 -351.64411 -12.36881
2025.3 312.80509 37.70631 18.20046 223.54002 -370.29296 -14.35792
2025.4 325.03669 43.30576 17.46616 226.69539 -388.60772 -16.29527
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 4951.57500 1.21188 6.89239
2022.1 4932.00000 1.23615 -1.57196
2022.2 4920.40000 1.26269 -0.93748
2022.3 4950.96621 1.27716 2.50811
2022.4 4979.05612 1.29178 2.28884
2023.1 4999.67463 1.30602 1.66674
2023.2 5019.20277 1.31930 1.57153
2023.3 5046.27927 1.33203 2.17536
2023.4 5073.77359 1.34476 2.19725
2024.1 5100.22569 1.35779 2.10176
2024.2 5125.78770 1.37115 2.01990
2024.3 5151.19806 1.38492 1.99774
2024.4 5176.89916 1.39919 2.01072
2025.1 5202.42525 1.41409 1.98694
2025.2 5228.12290 1.42960 1.99051
2025.3 5254.57181 1.44574 2.03900
2025.4 5282.21586 1.46256 2.12105
|