The GDP in the Euro Area rose a meager 0.1% year-on-year in the third quarter of 2023, the weakest performance since the contractions in 2021, and in line with preliminary estimates. GDP Annual Growth Rate in Euro Area averaged 1.58 percent from 1995 until 2023, reaching an all time high of 14.50 percent in the second quarter of 2021 and a record low of -14.20 percent in the second quarter of 2020. source: EUROSTAT

The Gross Domestic Product (GDP) In the Euro Area expanded 0.10 percent in the third quarter of 2023 over the same quarter of the previous year.

The Gross Domestic Product (GDP) In the Euro Area expanded 0.10 percent in the third quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Euro Area is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 1.20 percent in 2024 and 1.50 percent in 2025, according to our econometric models.

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Euro Area GDP Annual Growth Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-10-31 10:00 AM YoY Flash Q3 0.1% 0.5% 0.2% 0.1%
2023-11-14 10:00 AM YoY 2nd Est Q3 0.1% 0.5% 0.1% 0.1%
2023-12-07 10:00 AM YoY 3rd Est Q3 0.5%


Related Last Unit Reference
GDP Growth Rate -0.10 percent Sep 2023
GDP Annual Growth Rate 0.10 percent Sep 2023
GDP Constant Prices 2949.05 EUR Billion Sep 2023
Gross Fixed Capital Formation 630.01 EUR Billion Jun 2023
Full Year GDP Growth 3.30 percent Dec 2022
GDP Growth Annualized 0.50 percent Jun 2023

Euro Area GDP Annual Growth Rate
The Euro Area is the second largest economy in the world. Of the 19 member states it includes, the biggest are: Germany (29 percent of total GDP), France (20 percent), Italy (15 percent) and Spain (10 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (20 percent). Exports of goods and services account for 47 percent of GDP while imports account for 43 percent, adding 4 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.50 14.50 -14.20 1995 - 2023 percent Quarterly