European Union GDP Annual Growth Rate

The European Union economy grew 1.8 percent year-on-year in the third quarter of 2018, following a 2.1 percent expansion in the previous period, the final estimate showed. GDP Annual Growth Rate in European Union averaged 1.79 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.

1Y 5Y 10Y MAX

width

height

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

European Union GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	1.80	2.10	4.50	-5.40	percent	[+]
GDP	17277.70	16491.86	19137.01	359.03	USD Billion	[+]
Gross Fixed Capital Formation	776966.40	773116.30	776966.40	502960.70	EUR Million	[+]
GDP Constant Prices	3629508.50	3618356.70	3629508.50	2401685.30	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	[+]

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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.80	2.10	4.50	-5.40	1996 - 2018	percent	Quarterly	SA

Export Data API

Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.50	Sep/18	6.7	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Spain	2.40	Sep/18	2.5	5.6 : -4.3	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Dec/18	2.3	19 : -8.8	%
Canada	2.10	Sep/18	1.9	9.3 : -4.1	%
South Korea	2.00	Sep/18	2.8	20.8 : -7.3	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
United Kingdom	1.50	Sep/18	1.4	9.7 : -6.1	%
France	1.40	Sep/18	1.7	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%