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

The gross domestic product in the European Union rose 0.4 percent on quarter in the first three months of 2018, unrevised from the second estimate and below 0.7 percent in the previous period. GDP Growth Rate in European Union averaged 0.44 percent from 1995 until 2018, reaching an all time high of 1.30 percent in the fourth quarter of 1999 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 2.40 2.70 4.60 -5.40 percent [+]
GDP 16397.98 16334.84 19117.80 358.94 USD Billion [+]
Gross Fixed Capital Formation 761999.40 752512.60 770898.60 505340.10 EUR Million [+]
GDP Constant Prices 3594710.90 3580422.40 3594710.90 2403452.00 EUR Million [+]
GDP Growth Rate 0.40 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 has 28 Member States. Among them, 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 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 1.30 -2.60 1995 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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