Euro Area GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Eurozone economy advanced at a slower 0.3 percent on quarter in the three months to September of 2015, compared to a 0.4 percent expansion in the previous period and the lowest performance in a year, figures from the second estimate confirmed. Household consumption was the main driver of growth, offsetting a negative impact from external trade. GDP Growth Rate in the Euro Area averaged 0.36 percent from 1995 until 2015, reaching an all time high of 1.20 percent in the second quarter of 1997 and a record low of -3 percent in the first quarter of 2009. GDP Growth Rate in the Euro Area is reported by the Eurostat.

Euro Area GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 1.20 -3.00 1995 - 2015 percent Quarterly
SA
The Euro Area is an economic and monetary union of 19 European Union 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 fourth most populous with 340 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 21 percent, 16 percent and 11 percent of Union’s GDP. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-08 10:00 AM Q2 0.4% 0.5% 0.3% 0.3%
2015-11-13 10:00 AM Q3 0.3% 0.4% 0.4% 0.3%
2015-12-08 10:00 AM Q3 0.3% 0.4% 0.3% 0.3%
2016-02-12 10:00 AM Q4 0.3% 0.3% 0.2%
2016-03-08 10:00 AM Q4
2016-05-13 09:00 AM Q1 0.2%

Euro Area GDP Growth Confirmed at 0.3%


The Eurozone economy advanced at a slower 0.3 percent on quarter in the three months to September of 2015, compared to a 0.4 percent expansion in the previous period and the lowest performance in a year, figures from the second estimate confirmed. Household consumption was the main driver of growth, offsetting a negative impact from external trade. The European Union GDP expanded 0.4 percent.

Household final consumption expenditure had a positive contribution to GDP growth both in the euro area and the EU28 (+0.2 and +0.3 percentage points). Gross fixed capital formation was neutral in the euro area (0.0 pp) and had a positive contribution to GDP growth in the EU28 (+0.1 pp). The contribution of the external balance to GDP growth was negative for both zones, while the contribution of changes in inventories was positive.

Household final consumption expenditure rose by 0.4 percent in the euro area and by 0.5 percent in the EU28 (after +0.3 percent and +0.4 percent respectively in the previous quarter). Gross fixed capital formation remained stable in the euro area and rose by 0.3 percent in the EU28 (after +0.1 percent and +0.4 percent). Exports rose by 0.2 percent in the euro area and by 0.3 percent in the EU28 (after +1.6 percent and +1.3 percent). Imports increased by 0.9 percent in the euro area and by 1.4 percent in the EU28 (after +0.9 percent and +0.3 percent).

Among Member States for which data are available for the third quarter of 2015, Romania (+1.4 percent), Croatia (+1.3 percent), Malta (+1.1 percent), Latvia (+1.0 percent), Poland and Slovakia (both +0.9 percent) recorded the highest growth compared with the previous quarter, followed by Spain and Sweden (both +0.8 percent). Decreases were registered in Greece (-0.9 percent), Estonia and Finland (both -0.5 percent) as well as Denmark (-0.1 percent).

On a yearly basis, the euro area economy expanded 1.6 percent and the EU28 grew 1.9 percent. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
12/8/2015 10:13:58 AM

Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 1.20 -3.00 percent [+]
GDP Annual Growth Rate 1.60 1.50 5.00 -5.60 percent [+]
GDP 13410.20 13188.80 14104.50 245.70 USD Billion [+]
GDP Constant Prices 2460.42 2453.12 2460.42 1770.45 EUR Billion [+]
Gross Fixed Capital Formation 488.86 484.87 572.60 381.00 EUR Billion [+]
GDP per capita 32789.48 32652.47 33657.51 9162.09 USD [+]
GDP per capita PPP 36924.57 36765.89 38015.35 28207.13 USD [+]




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Chile 0.40 Sep/15
Cyprus 0.40 Sep/15
European Union 0.40 Sep/15
Slovenia 0.40 Sep/15
Austria 0.30 Dec/15
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Belgium 0.30 Dec/15
Euro Area 0.30 Sep/15
Germany 0.30 Sep/15
Japan 0.30 Sep/15
Netherlands 0.30 Dec/15
Uganda 0.28 Sep/15
Dominican Republic 0.20 Sep/15
France 0.20 Dec/15
Italy 0.20 Sep/15
Bosnia and Herzegovina 0.10 Sep/15
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Tunisia 0.10 Sep/15
Portugal 0.00 Sep/15
Switzerland 0.00 Sep/15
Latvia -0.01 Dec/15
Ecuador -0.30 Jun/15
Taiwan -0.30 Sep/15
Denmark -0.40 Sep/15
Serbia -0.40 Sep/15
Finland -0.50 Sep/15
Russia -0.57 Sep/15
Greece -0.90 Sep/15
Jamaica -1.20 Sep/15
Belize -1.40 Sep/15
Brazil -1.70 Sep/15
Indonesia -1.83 Dec/15
Moldova -2.50 Sep/15
Botswana -3.70 Sep/15
Bolivia -9.72 Jun/15