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Euro Area GDPthe Euro Area Gross Domestic Product is worth 12456 billion dollars or 20.09% of the world economy, according to the World Bank. Historically, from 1960 until 2009 the Euro Area's average Gross Domestic Product was 4228.77 billion dollars reaching an historical high of 13581.63 billion dollars in December of 2008 and a record low of 245.62 billion dollars in December of 1960. The Euro Area (Eurozone) refers to a monetary union among the European Union member states that have adopted the euro as their sole official currency. It currently consists of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta the Netherlands, Portugal, Slovakia, Slovenia and Spain. The Euro Area overall economy is the second largest, after the U.S. This page includes: Euro Area Gross Domestic Product (GDP) chart, historical data, forecasts and news.
Euro Area News
Euro Area Trade Surplus Widens in December
Published: 2/15/2012 12:31:14 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in December 2011 gave a 9.7 bn euro surplus, compared with -1.7 bn in December 2010.
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Euro Area GDP Down by 0.3% in Q4
Published: 2/15/2012 10:08:12 AM
By: TradingEconomics.com, Eurostat
Euro Area GDP fell by 0.3% in both the euro area (EA17) and the EU271 during the fourth quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the third quarter of 2011, growth rates were +0.1% and +0.3% respectively.
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ECB Keeps Interest Rate at 1%
Published: 2/9/2012 1:49:56 PM
By: TradingEconomics.com, ECB
At the meeting on February 9th, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Area Unemployment Rate at 10.4% in December
Published: 1/31/2012 1:46:43 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.4% in December 2011, unchanged compared with November. It was 10.0% in December 2010.
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Euro Area Annual inflation down to 2.7%
Published: 1/17/2012 12:27:24 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.7% in December 2011, down from 3.0% in November. A year earlier the rate was 2.2%. Monthly inflation was 0.3% in December 2011.
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Euro Area Trade Surplus Widens in November
Published: 1/13/2012 11:59:35 AM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in November 2011 gave a 6.9 bn euro surplus, compared with -2.3 bn euro in November 2010. The October 2011 balance was +1.0 bn, compared with +3.1 bn in October 2010. In November 2011 compared with October 2011, seasonally adjusted exports rose by 3.9%, while imports remained stable.
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ECB Keeps Interest Rate Unchanged
Published: 1/12/2012 12:48:31 PM
By: TradingEconomics.com, ECB
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
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Euro Aea Unemployment Rate at 10.3%
Published: 1/6/2012 12:02:02 PM
By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.3% in November 2011, unchanged compared with October. It was 10.0% in November 2010.
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Euro Area Trade Surplus Widens in October
Published: 12/16/2011 1:53:03 PM
By: TradingEconomics.com, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in October 2011 gave a 1.1 bn euro surplus, compared with +3.1 bn euro in October 2010. The September 2011 balance was +2.7 bn, compared with +0.3 bn in September 2010.
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Euro Area Annual Inflation Stable at 3.0%
Published: 12/15/2011 1:05:34 PM
By: TradingEconomics.com, Eurostat
Euro area annual inflation was 3.0% in November 2011, unchanged compared with October. A year earlier the rate was 1.9%. Monthly inflation was 0.1% in November 2011.
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Gross Domestic Product (GDP)
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).
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