The Euro Area economy expanded 5.4% year-on-year in the first three months of 2022, higher than initial estimates of 5.1%, and the biggest annual gain in three quarters. Household spending grew faster (7.5% vs 5.8% in Q4) and imports slowed (9.1% vs 10.8%). At the same time, growth remained robust for public spending (2.3% vs 2.5%), investment (3.7%, the same as in Q4) and exports (8.4% vs 8.9%). source: EUROSTAT
GDP Annual Growth Rate in the Euro Area averaged 1.57 percent from 1995 until 2022, reaching an all time high of 14.70 percent in the second quarter of 2021 and a record low of -14.70 percent in the second quarter of 2020. This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Euro Area is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 2.40 percent in 2023 and 2.20 percent in 2024, according to our econometric models.