The Eurozone economy shrank by 0.2% in the first quarter of 2026, revised down from an initially reported 0.1% growth, according to final EUROSTAT data. This marks the first contraction since Q4 2022 and the sharpest decline since mid-2020, driven by a significant downward revision to Ireland’s GDP, which plummeted 12.1% in Q1, and a smaller contraction in France (-0.1%). Among major Eurozone economies, Spain led with 0.6% growth, while Germany and Italy each expanded by 0.3%, and the Netherlands grew by 0.1%. The weak performance reflects pressures from tight energy supplies, rising inflation tied to the Middle East conflict, and the European Central Bank’s preparations for monetary tightening. On the expenditure side, net trade and inventory changes subtracted 0.3 and 0.1 percentage points from GDP, respectively, while fixed investment fell by 0.3%. Household consumption and government spending also slowed, growing by just 0.2% and 0.5%. source: EUROSTAT

The Gross Domestic Product (GDP) In the Euro Area contracted 0.20 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Euro Area averaged 0.38 percent from 1995 until 2026, reaching an all time high of 11.50 percent in the third quarter of 2020 and a record low of -11.10 percent in the second quarter of 2020. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) In the Euro Area contracted 0.20 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Euro Area is expected to be 0.10 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 Growth Rate is projected to trend around 0.40 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-13 09:00 AM
QoQ 2nd Est
Q1 0.1% 0.2% 0.1% 0.1%
2026-06-05 09:00 AM
QoQ 3rd Est
Q1 -0.2% 0.2% 0.1% 0.1%
2026-07-30 09:00 AM
QoQ Flash
Q2 -0.2% 0.1%


Related Last Previous Unit Reference
Full Year GDP Growth 1.40 0.90 percent Dec 2025
GDP Growth Rate YoY 0.30 1.20 percent Mar 2026
GDP Constant Prices 3089.75 3096.58 EUR Billion Mar 2026
GDP Growth Annualized -0.90 0.70 percent Mar 2026
GDP Growth Rate -0.20 0.20 percent Mar 2026
Gross Fixed Capital Formation 650.87 652.94 EUR Billion Mar 2026


Euro Area GDP Growth Rate
The Euro Area is an economic and monetary union of 19 European countries that adopted the euro as their currency. It is the second largest economy in the world and if it was a country it would be the third most populous with 341 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 20 percent, 15 percent and 10 percent of the bloc’s GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.20 11.50 -11.10 1995 - 2026 percent Quarterly
SA

News Stream
Eurozone Economy Contracts 0.2% in Q1 2026
The Eurozone economy shrank by 0.2% in the first quarter of 2026, revised down from an initially reported 0.1% growth, according to final EUROSTAT data. This marks the first contraction since Q4 2022 and the sharpest decline since mid-2020, driven by a significant downward revision to Ireland’s GDP, which plummeted 12.1% in Q1, and a smaller contraction in France (-0.1%). Among major Eurozone economies, Spain led with 0.6% growth, while Germany and Italy each expanded by 0.3%, and the Netherlands grew by 0.1%. The weak performance reflects pressures from tight energy supplies, rising inflation tied to the Middle East conflict, and the European Central Bank’s preparations for monetary tightening. On the expenditure side, net trade and inventory changes subtracted 0.3 and 0.1 percentage points from GDP, respectively, while fixed investment fell by 0.3%. Household consumption and government spending also slowed, growing by just 0.2% and 0.5%.
2026-06-05
Eurozone Growth Slows to 0.1% in Q1 2026
Eurozone economic growth was confirmed at 0.1% in the first quarter of 2026, marking the weakest expansion since Q2 2025, reflecting pressure from tight energy supplies after the Middle East conflict disrupted flows of oil, its byproducts, and liquefied natural gas. Inflationary risks from these shortages have prompted ECB policymakers to consider further rate hikes this year, while the bloc’s largest economies have revised their growth forecasts downward. Among the Eurozone’s biggest economies, France’s economy stalled, while the Netherlands and Italy grew by 0.1% and 0.2%, respectively. Germany saw a slight acceleration, with GDP expanding by 0.3%, and Spain led with a 0.6% increase. On an annual basis, GDP growth slowed to 0.8% in Q1, down from 1.3% in the previous quarter.
2026-05-13
Euro Area GDP Unexpectedly Slows
The Eurozone GDP expanded by 0.1% from the previous quarter in the first quarter of 2026, missing the market consensus of a 0.2% expansion, and slowing from the 0.2% increase from the earlier period, according to the first preliminary estimate. The data reflected pressure from the tight supply of energy that is essential for major economies in the currency bloc, after the outbreak of war in the Middle East halted flows of oil, its byproducts, and liquified natural gas. Inflationary pressure from shortage risks drove ECB policymakers to consider higher rates this year and its largest members to revise growth downwards. French GDP projections were trimmed and its Q1 GDP unexpectedly stalled (vs 0.2% in Q4), while Italy (0.2% vs 0.3%) revised its projection lower and hinted it may not meet its fiscal projections despite. In turn, the German GDP expanded faster (0.3% vs 0.2%) amid infrastructure and defense deficit spending. Slower output was also seen from the Netherlands (0.1% vs 0.4%).
2026-04-30