European Union GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

The gross domestic product in the European Union rose by 2.6 percent year-on-year in the fourth quarter of 2017, unrevised from the second estimate and slightly below 2.7 percent in the previous period. Over the whole year 2017, GDP growth stood at 2.4 percent, slightly below earlier estimates of 2.5 percent and compared to 2 percent in 2016. GDP Annual Growth Rate in European Union averaged 1.75 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 2.60 2.70 4.60 -5.40 percent [+]
GDP 16397.98 16334.84 19117.80 358.94 USD Billion [+]
Gross Fixed Capital Formation 752481.60 756200.90 772121.40 505215.10 EUR Million [+]
GDP Constant Prices 3576031.00 3549036.50 3576031.00 2405415.00 EUR Million [+]
GDP Growth Rate 0.60 0.70 1.30 -2.60 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 EU Member States, the biggest economies are Germany (21 percent of total GDP); the United Kingdom (15 percent); France (15 percent); Italy (11 percent); and Spain (8 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (20 percent). Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.70 4.60 -5.40 1996 - 2017 percent Quarterly
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GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
South Korea 2.80 Dec/17
Euro Area 2.70 Dec/17
United States 2.60 Dec/17
France 2.50 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.50 Dec/17
United Kingdom 1.40 Dec/17
Russia 0.90 Dec/17


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