Euro Area GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The Eurozone economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with the preliminary estimate and following a 0.5 percent growth in the previous period. Among Eurozone's largest economies, GDP growth picked up in Spain; was unchanged in France and Italy; and slowed in Germany. GDP Growth Rate in the Euro Area averaged 0.37 percent from 1995 until 2017, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -3 percent in the first quarter of 2009.

Euro Area GDP Growth Rate
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Eurozone Q2 GDP Growth Confirmed at 0.6%


The Eurozone economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with the preliminary estimate and following a 0.5 percent growth in the previous period. Among Eurozone's largest economies, GDP growth picked up in Spain; was unchanged in France and Italy; and slowed in Germany.

Among countries for which data is already available, GDP expanded at a faster pace in Spain (0.9 percent from 0.8 percent in Q1), the Netherlands (1.5 percent from 0.6 percent) and Austria (0.9 percent from 0.7 percent).

Meanwhile, GDP growth was unchanged in France (at 0.5 percent), Italy (at 0.4 percent) and Slovakia (at 0.8 percent), and slowed in Germany (0.6 percent from 0.7 percent in Q1), Belgium (0.4 percent from 0.6 percent), Cyprus (0.9 percent from 1 percent), Latvia (1.3 percent from 1.6 percent), Lithuania (0.6 percent from 1.3 percent) and Portugal (0.2 percent from 1 percent). 

By contrast, the Finnish economy contracted 0.5 percent after growing 1 percent in the previous period.

Compared with the same quarter of the previous year, the Euro Area economy expanded 2.2 percent, above the preliminary estimate of 2.1 percent and following a 1.9 percent growth in the previous period. 

Considering the European Union, the GDP growth accelerated to 0.6 percent quarter-on-quarter (0.5 percent in Q1) and to 2.3 percent year-on-year (2.1 percent in Q1).  

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/16/2017 9:14:10 AM


Recent Releases

Eurozone Economy Grows 0.6% in Q2
The Eurozone economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with market expectations and following a downwardly revised 0.5 percent growth in the previous period, the preliminary flash estimate showed. Among countries for which data is already available, GDP growth picked up in Spain; was unchanged in France and Austria; and slowed in Belgium, Latvia and Lithuania.
Published on 2017-08-01

Eurozone Economy Grows The Most Since Q1 2015
The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2017, better than a second estimate of 0.5 percent and following a 0.5 percent advance in the previous period. It was the strongest growth rate since the first quarter of 2015, mainly boosted by fixed investment and household consumption. Growth picked up in Germany, Spain and Italy but slowed in France.
Published on 2017-06-08

Euro Area GDP Growth Confirmed At 0.5% In Q1
The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2017, the same as in the previous period and in line with the preliminary estimate. Growth picked up in Germany and Spain but slowed in France and was steady in Italy.
Published on 2017-05-16

Eurozone Economy Grows 0.5% In Q1
The Eurozone economy advanced 0.5 percent on quarter in the three months to March of 2017, the same pace as in the previous period and in line with market expectations, the preliminary flash estimate showed. Among countries for which data is already available, GDP growth picked up in Spain, Austria, Belgium and Latvia but eased in France and Lithuania.
Published on 2017-05-03



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-08 09:00 AM Q1 0.6% 0.5% 0.5% 0.5%
2017-08-01 09:00 AM Q2 0.6% 0.5% 0.6% 0.5%
2017-08-16 09:00 AM Q2 0.6% 0.5% 0.6% 0.6%
2017-09-06 09:00 AM Q2 0.5% 0.6% 0.6%
2017-10-31 10:00 AM Q3 0.7%
2017-11-14 10:00 AM Q3 0.7%


Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.50 1.30 -3.00 percent [+]
GDP Annual Growth Rate 2.20 1.90 5.00 -5.50 percent [+]
GDP 11885.66 11616.14 14115.37 245.39 USD Billion [+]
GDP Constant Prices 2562.91 2547.55 2562.91 1768.95 EUR Billion [+]
Gross Fixed Capital Formation 532.34 525.46 571.47 381.87 EUR Billion [+]
GDP per capita 39105.31 38588.04 39105.31 10807.49 USD [+]
GDP per capita PPP 38234.81 37722.05 38234.81 28125.52 USD [+]


Euro Area GDP Growth Rate Notes

The Euro Area is an economic and monetary union of 19 European Union countries that adopted the euro as their currency. It is the second largest economy in the world and if it was a country it would be the fourth most populous with 340 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 21 percent, 16 percent and 11 percent of Union’s GDP. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.50 1.30 -3.00 1995 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15