European Union GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in European Union expanded 2.50 percent in the third quarter of 2017 over the same quarter of the previous year. GDP Annual Growth Rate in European Union averaged 1.73 percent from 1996 until 2017, reaching an all time high of 4.60 percent in the second quarter of 2000 and a record low of -5.40 percent in the first quarter of 2009.

European Union GDP Annual Growth Rate
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European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.50 2.40 4.60 -5.40 percent [+]
GDP 16397.98 16334.84 19117.80 358.94 USD Billion [+]
Gross Fixed Capital Formation 729681.40 722985.70 770684.90 508080.20 EUR Million [+]
GDP Constant Prices 3546032.40 3517801.50 3546032.40 2404084.10 EUR Million [+]
GDP Growth Rate 0.60 0.70 1.30 -2.70 percent [+]
GDP Per Capita 35632.22 35099.89 35632.22 10064.32 USD [+]
GDP Per Capita Ppp 36198.35 35631.01 36198.35 24874.28 USD [+]


European Union GDP Annual Growth Rate

Among the Member States, the biggest economies are Germany (21 percent of total EU GDP); the United Kingdom (16 percent); France (15 percent); Italy (12 percent) and Spain (8 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by government expenditure (21 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 43 percent of GDP while imports account for 40 percent, adding 3 percent of total GDP. This page provides the latest reported value for - European Union GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.40 4.60 -5.40 1996 - 2017 percent Quarterly
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GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17