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

The Eurozone's economy expanded 0.3 percent on quarter in the three months to June 2016 slowing from a 0.6 percent growth in the previous period and matching preliminary reading, second estimate showed. Among the largest economies of the Euro Area, GDP growth slowed in Germany and Spain; while growth in France and Italy was flat. GDP Growth Rate in the Euro Area averaged 0.36 percent from 1995 until 2016, 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 0.60 1.20 -3.00 1995 - 2016 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-07 09:00 AM Q1 0.6% 0.4% 0.5% 0.5%
2016-07-29 09:00 AM Q2 0.3% 0.6% 0.3% 0.3%
2016-08-12 09:00 AM Q2 0.3% 0.6% 0.3% 0.3%
2016-09-06 09:00 AM Q2 0.6% 0.3% 0.3%
2016-11-15 10:00 AM Q3 0.3%
2016-12-06 10:00 AM Q3

Eurozone GDP Growth Confirmed at 0.3% in Q2


The Eurozone's economy expanded 0.3 percent on quarter in the three months to June 2016 slowing from a 0.6 percent growth in the previous period and matching preliminary reading, second estimate showed. Among the largest economies of the Euro Area, GDP growth slowed in Germany and Spain; while growth in France and Italy was flat.

Among countries for which data is already available, GDP growth slowed in Germany (+0.4 percent from +0.7 percent), Spain (+0.7 percent from +0.8 percent); Cyprus (+0.7 percent from +1 percent); Lithuania (+0.1 percent from +0.9 percent); Finland (+0.3 percent from +0.6 percent). In contrast, activity expanded at a faster pace in Belgium (+0.5 percent from +0.2 percent); Estonia (+0.3 percent from 0 percent); Greece (+0.3 percent from -0.1 percent); Latvia (+0.4 percent from 0 percent); and Slovakia (+0.9 percent from +0.8 percent). The Netherlands (+0.6 percent), Portugal (+0.2 percent) and Romania (+1.5 percent) grew at the same pace as in the previous period.

Meanwhile, economic activity from France, Italy and Austria showed no growth in the second quarter.

The European Union economy advanced 0.4 percent on quarter compared to 0.5 percent in the previous period.

Year-on-year, the Euro Area economy expanded 1.6 percent, matching flash estimates and the European Union economy grew 1.8 percent.

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/12/2016 10:35:03 AM

Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.60 1.20 -3.00 percent [+]
GDP Annual Growth Rate 1.60 1.70 5.00 -5.50 percent [+]
GDP 11539.74 13407.43 14113.39 245.39 USD Billion [+]
GDP Constant Prices 2490.73 2483.55 2490.73 1767.42 EUR Billion [+]
Gross Fixed Capital Formation 502.56 498.41 571.74 381.55 EUR Billion [+]
GDP per capita 38341.20 37806.28 38817.88 10806.76 USD [+]
GDP per capita PPP 37486.19 36955.66 38026.39 28113.09 USD [+]




Last
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Vietnam 5.55 Jun/16
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
United States 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Greece 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16