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 January of 2018.