The European Union economy expanded by 1.5% year-over-year in third quarter of 2026, following a 1.4% growth in the previous period, according to preliminary estimates. GDP Annual Growth Rate in European Union averaged 1.66 percent from 1996 until 2026, reaching an all time high of 14.70 percent in the second quarter of 2021 and a record low of -13.00 percent in the second quarter of 2020. source: EUROSTAT

GDP Annual Growth Rate in European Union is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP Annual Growth Rate is projected to trend around 1.60 percent in 2027 and 1.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Full Year GDP Growth 1.50 1.10 percent Dec 2025
GDP Annual Growth Rate 1.50 1.40 percent Sep 2026
GDP Constant Prices 3676.53 3659.85 EUR Billion Sep 2026
GDP Growth Annualized 2.60 0.30 percent Jun 2026
GDP Growth Rate 0.50 0.70 percent Sep 2026
Gross Fixed Capital Formation 779.28 774.57 EUR Billion Jun 2026


European Union GDP Annual Growth Rate
Among EU Member States, the biggest economies are Germany, France, Italy and Spain. 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.40 14.70 -13.00 1996 - 2026 percent Quarterly
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