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

The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2016, lower than a preliminary estimate of a 0.6 percent growth. It is still the fastest growth in a year as Germany, France and Italy accelerated while Greece and Latvia contracted. 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
0.50 0.30 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-08 10:00 AM Q4 0.3% 0.3% 0.3% 0.3%
2016-04-29 09:00 AM Q1 0.6% 0.3% 0.4% 0.2%
2016-05-13 09:00 AM Q1 0.5% 0.3% 0.6% 0.6%
2016-08-12 09:00 AM Q2 0.5% 0.3%
2016-09-06 09:00 AM Q2 0.5%
2016-11-15 10:00 AM Q3 0.3%

Euro Area GDP Growth Revised Down to 0.5%


The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2016, lower than a preliminary estimate of a 0.6 percent growth. It is still the fastest growth in a year as Germany, France and Italy accelerated while Greece and Latvia contracted.

Among countries for which data is available, Germany (0.7 percent from 0.3 percent in Q4 2015), France (0.5 percent from 0.3 percent in Q4 2015), Italy (0.3percent from 0.02 percent in Q4 2015), Cyprus (0.9 percent from 0.4 percent in Q4 2015), Lithuania (0.8 percent from 0.5 percent in Q4 2015), the Netherlands (0.5 percent from 0.3 percent in Q4 2015), Austria (0.6 percent from 0.2 percent in Q4 2015), Slovakia (1.7 percent from 1 percent in Q4 2015) and Finland (0.4 percent from 0.2 percent in Q4 2015) grew at a faster pace and Spain GDP growth remained robust at 0.8 percent. 

In contrast, Belgium (0.2 percent from 0.5 percent in Q4 2015), Estonia (0 percent from 0.9 percent in Q4 2015) and Portugal (0.1 percent from 0.2 percent in Q4 2015) slowed while Greece came back to contraction (-0.4 percent from 0.1 percent in Q4 2015) and Latvia shrank 0.1 percent (-0.4 percent in Q4 2015).

Year-on-year, the Eurozone economy expanded 1.5 percent, slowing from a 1.6 percent expansion in the previous quarter and preliminary estimates of a 1.6 percent growth.

Considering the European Union, the GDP grew 0.5 percent on quarter and 1.7 percent on the year, unchanged from preliminary estimates. Hungary (-0.8 percent) and Poland (-0.1 percent) showed contractions.

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/13/2016 10:23:05 AM

Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.30 1.20 -3.00 percent [+]
GDP Annual Growth Rate 1.50 1.60 5.00 -5.50 percent [+]
GDP 13410.20 13188.80 14104.50 245.70 USD Billion [+]
GDP Constant Prices 2480.19 2467.36 2480.19 1767.45 EUR Billion [+]
Gross Fixed Capital Formation 497.56 491.02 571.92 381.53 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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Cyprus 0.90 Mar/16
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Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Spain 0.80 Mar/16
Taiwan 0.76 Mar/16
Albania 0.73 Dec/15
Bulgaria 0.70 Mar/16
Germany 0.70 Mar/16
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Turkey 0.70 Dec/15
Australia 0.60 Dec/15
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France 0.50 Mar/16
Netherlands 0.50 Mar/16
United States 0.50 Mar/16
Austria 0.40 Mar/16
Finland 0.40 Mar/16
Japan 0.40 Mar/16
South Korea 0.40 Mar/16
Switzerland 0.40 Dec/15
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Canada 0.20 Dec/15
Israel 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Denmark 0.10 Dec/15
Ecuador 0.10 Dec/15
Portugal 0.10 Mar/16
Uruguay 0.10 Dec/15
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Serbia 0.00 Dec/15
Latvia -0.10 Mar/16
Moldova -0.10 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Indonesia -0.34 Mar/16
Greece -0.40 Mar/16
Hong Kong -0.40 Mar/16
Croatia -0.50 Dec/15
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
Iceland -1.10 Dec/15
Jamaica -1.20 Sep/15
Brazil -1.40 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15
Nigeria -13.70 Mar/16