The European Union economy grew 1.9 percent year-on-year in the third quarter of 2018, following a 2.1 percent expansion in the previous period, a flash estimate showed. GDP Annual Growth Rate in European Union averaged 1.78 percent from 1996 until 2018, reaching an all time high of 4.50 percent in the second quarter of 2000 and a record low of -5.40 percent in the first quarter of 2009.

GDP Annual Growth Rate in European Union is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in European Union to stand at 2.20 in 12 months time. In the long-term, the European Union GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

European Union GDP Annual Growth Rate
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European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.90 2.10 4.50 -5.40 percent [+]
GDP 17277.70 16491.86 19137.01 359.03 USD Billion [+]
Gross Fixed Capital Formation 777541.40 761321.90 777541.40 503563.50 EUR Million [+]
GDP Constant Prices 3630006.20 3615165.70 3630006.20 2401844.70 EUR Million [+]
GDP Growth Rate 0.30 0.50 1.30 -2.60 percent [+]
GDP Per Capita 36593.03 35809.95 36593.03 10056.66 USD [+]
GDP Per Capita Ppp 37204.61 36357.07 37204.61 24875.04 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.10 4.50 -5.40 1996 - 2018 percent Quarterly
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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
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/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
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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