Euro Area GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The Eurozone's gross domestic product grew by 0.4 percent on quarter in the three months to March 2018, unrevised from the preliminary estimate and below 0.7 percent in the previous period. Among the bloc's largest economies, GDP growth slowed in Germany and France, and was unchanged in Italy and Spain. Compared with the same quarter of the previous year, the Eurozone economy expanded 2.5 percent, also unrevised from the flash estimate and slightly below 2.8 percent in the previous period. GDP Growth Rate in the Euro Area averaged 0.39 percent from 1995 until 2018, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -2.90 percent in the first quarter of 2009.

Euro Area GDP Growth Rate
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Eurozone Q1 GDP Growth Confirmed at 0.4%


The Eurozone's gross domestic product grew by 0.4 percent on quarter in the three months to March 2018, unrevised from the preliminary estimate and below 0.7 percent in the previous period.

Among countries for which data is already available, the GDP expanded at a softer pace in Germany (0.3 percent vs 0.6 percent in Q4), France (0.3 percent vs 0.7 percent), the Netherlands (0.5 percent vs 0.7 percent), Austria (0.7 percent vs 0.9 percent), Belgium (0.4 percent vs 0.5 percent), Portugal (0.4 percent vs 0.7 percent), Lithuania (0.8 percent vs 1.4 percent) and Cyprus (0.8 percent vs 1.1 percent). Meanwhile, GDP growth was unchanged in Italy (at 0.3 percent), Spain (at 0.7 percent) and Slovakia (at 0.9 percent); and picked up in Finland (1.1 percent vs 0.7 percent) and Latvia (1.7 percent vs 0.4 percent).

Compared with the same quarter of the previous year, the Eurozone economy expanded 2.5 percent, unrevised from the preliminary estimate and below 2.8 percent in the previous period.

Considering the European Union, the GDP growth eased to 0.4 percent quarter-on-quarter (vs 0.6 percent in Q4) and to 2.4 percent year-on-year (vs 2.7 percent in Q4). 


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/15/2018 9:13:04 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-07 10:00 AM GDP Growth Rate QoQ 3rd Est 0.6% 0.7% 0.6% 0.6%
2018-05-02 09:00 AM GDP Growth Rate QoQ Flash 0.4% 0.7% 0.4% 0.4%
2018-05-15 09:00 AM GDP Growth Rate QoQ 2nd Est 0.4% 0.7% 0.4% 0.4%
2018-06-07 09:00 AM GDP Growth Rate QoQ 3rd Est 0.7% 0.4% 0.4%
2018-07-31 09:00 AM GDP Growth Rate QoQ Flash 0.5%
2018-08-16 09:00 AM GDP Growth Rate QoQ 2nd Est


Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.70 1.30 -2.90 percent [+]
GDP Annual Growth Rate 2.50 2.80 5.00 -5.50 percent [+]
GDP 11885.66 11616.14 14115.37 245.39 USD Billion [+]
GDP Constant Prices 2623.82 2610.79 2623.82 1769.79 EUR Billion [+]
Gross Fixed Capital Formation 539.14 542.77 571.38 381.52 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

The Euro Area is an economic and monetary union of 19 European 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 third most populous with 341 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 20 percent, 15 percent and 10 percent of the bloc’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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 1.30 -2.90 1995 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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