European Union GDP Growth Rate  1995-2018 | Data | Chart | Calendar

The gross domestic product in the European Union grew by 0.6 percent on quarter in the fourth quarter of 2017, unrevised from the second estimate and slightly below 0.7 percent in the previous period. GDP Growth Rate in European Union averaged 0.44 percent from 1995 until 2017, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -2.60 percent in the first quarter of 2009.

European Union GDP 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 Growth Rate

Since July 1, 2013, with the addition of Croatia, the EU now has 28 Member States. Among them, 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 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 Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 1.30 -2.60 1995 - 2017 percent Quarterly

GDP growth rate by Country
Country Last
United States 2.50 Dec/17
India 1.80 Dec/17
China 1.60 Dec/17
Turkey 1.20 Sep/17
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
Russia 0.10 Sep/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17