Please Paste this Code in your Website
||1995 - 2015
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 330 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting for 29 percent, 21 percent, 16 percent and 11 percent of the Union’s GDP, respectively. In 2014, private final consumption expenditure was the main component of GDP and accounted for 56 percent of its total use, followed by government final consumption expenditure (21 percent) and gross fixed capital formation (20 percent). Also, external balance of exports and imports accounted for 4 percent of total GDP. The current economic crisis affecting some of the Euro Zone peripheral countries has been raising doubts over the euro’s future and is the major obstacle to growth. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Euro Area GDP Growth Rate - was last refreshed on Wednesday, October 7, 2015.