The Eurozone economy grew 1.7 percent year-on-year in the third quarter of 2018, following an upwardly revised 2.2 percent expansion in the previous period and missing market expectations of a 1.8 percent advance, a flash estimate showed. Growth in the Euro Area is expected to ease to 2.1 percent in 2018 (vs 2.3 percent previously estimated) from last year's decade-high rate of 2.4 percent, before moderating further to 1.9 percent in 2019 (vs 2 percent previously estimated) and 1.7 percent in 2020, the European Commission's Autumn 2018 Economic Forecast showed. GDP growth slowdown is likely to come in amid rising trade tensions around the world and higher oil prices. Meanwhile, inflation is projected to average 1.8 percent in 2018 and 2019, compared with earlier estimates of 1.5 and 1.6 percent respectively, before easing to 1.6 percent in 2020. GDP Annual Growth Rate in the Euro Area averaged 1.70 percent from 1995 until 2018, reaching an all time high of 5 percent in the first quarter of 1995 and a record low of -5.50 percent in the first quarter of 2009.

Euro Area GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 09:00 AM GDP Growth Rate YoY 2nd Est 2.2% 2.5% 2.2% 2.1%
2018-09-07 09:00 AM GDP Growth Rate YoY 3rd Est 2.1% 2.4% 2.2% 2.2%
2018-10-30 10:00 AM GDP Growth Rate YoY Flash 1.7% 2.2% 1.8% 2.5%
2018-11-14 10:00 AM GDP Growth Rate YoY 2nd Est 2.2% 1.7% 1.7%
2018-12-07 10:00 AM GDP Growth Rate YoY 3rd Est 2.2%


Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.40 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.70 2.20 5.00 -5.50 percent [+]
GDP 12589.50 11934.74 14113.09 245.48 USD Billion [+]
GDP Constant Prices 2646.90 2639.32 2646.90 1768.52 EUR Billion [+]
Gross Fixed Capital Formation 552.38 545.71 575.54 381.12 EUR Billion [+]
GDP per capita 40088.65 39259.42 40088.65 10808.76 USD [+]
GDP per capita PPP 39175.25 38359.70 39175.25 28115.88 USD [+]


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. This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.20 5.00 -5.50 1995 - 2018 percent Quarterly




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Germany 2.00 Jun/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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