The Gross Domestic Product in the Euro Area expanded 5.1% year-on-year in the first quarter of 2022, slightly higher than initial estimates of 5% and above 4.7% in the previous period, as countries emerged from a wave of Covid-19 infections in the end of last year. Still, the economic outlook for the Euro Area is subdued as the war in Ukraine is far from over and continues to exert further upward pressures on commodity prices, causing renewed supply disruptions and increasing uncertainty. The European Commission expects the Euro Area GDP growth at 2.7% for 2022. source: EUROSTAT
GDP Annual Growth Rate in the Euro Area averaged 1.57 percent from 1995 until 2022, reaching an all time high of 14.60 percent in the second quarter of 2021 and a record low of -14.60 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
GDP Annual Growth Rate in Euro Area is expected to be 2.80 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 2.40 percent in 2023 and 2.20 percent in 2024, according to our econometric models.