Euro Area GDP Growth Rate 1995-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) In the Euro Area expanded 0.30 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in the Euro Area averaged 0.36 percent from 1995 until 2015, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -2.90 percent in the first quarter of 2009. GDP Growth Rate in the Euro Area is reported by the Eurostat.

Euro Area GDP Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 1.30 -2.90 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 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, September 2, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-13 10:00 AM Q1 0.4% 0.3% 0.5% 0.3%
2015-06-09 09:20 AM Q1 0.4% 0.4%(R) 0.4% 0.4%
2015-08-14 10:00 AM Q2 0.3% 0.4% 0.4% 0.4%
2015-09-04 10:00 AM Q2 0.4% 0.3% 0.3%
2015-11-13 10:00 AM Q3 0.21%
2015-12-04 10:00 AM Q3


Euro Area GDP Growth Slows in Q2


The Eurozone economy advanced only 0.3 percent in the second quarter of 2015, down from a 0.4 percent growth in the previous period and below markets expectations of 0.4 percent growth. German, Italian and Dutch expansion missed expectations while France stagnated.

The GDP growth for region's biggest economies missed economists' expectations. Germany, grew by 0.4 percent, against expectations of 0.5 percent growth. The Italian economy expanded by 0.2 percent, lower than forecasts of 0.3 percent. The Dutch economy grew by 0.1 percent and had been expected to grow by 0.3 percent. France recorded no growth, against expactations of 0.2 percent expansion. Only Spanish economy advanced 1 percent, the fastest pace in more than eight years.

Among smaller member states for which the data is already available: Greece, Estonia and Slovakia grew by 0.8 percent each, Portugal and Belgium by 0.4 percent, Cyprus by 0.5 percent, Latvia by 1.2 percent, Lithuania by 0.6 percent, Austria by 0.1 percent and Belgium by 0.4 percent.

Compared with the same quarter of the previous year, the GDP rose by 1.2% in the euro area after +1.0% in the previous quarter.

Eurostat | anna@tradingeconomics.com
8/14/2015 10:32:03 AM


Recent Releases

Euro Area GDP Growth Confirmed at 0.4%
The Eurozone economy expanded 0.4 percent on quarter in the first three months of 2015, matching preliminary estimates. Household consumption and investment were the main drivers of growth, final figures showed.
Published on 2015-06-09

Euro Area GDP Growth at 0.4% in Q1
The Eurozone economy advanced 0.4 percent in the first three months of 2015, up from a 0.3 percent growth in the previous period. It is the biggest gain in seven quarters, preliminary estimates showed.
Published on 2015-05-13

Euro Area GDP Growth Confirmed at 0.3%
The Eurozone advanced 0.3 percent on quarter in the last three months of 2014, slightly up from a 0.2 percent expansion in the previous period. The second estimate matched preliminary figures and showed household expenditure was the main driver of growth.
Published on 2015-03-06

Euro Area Economy Grows More Than Expected
The Eurozone GDP advanced 0.3 percent on quarter in the last three months of 2014, faster than a 0.2 percent rise in the previous period. Preliminary estimates showed expanison in Germany and Spain accelerated while France barely grew and Italy stagnated.
Published on 2015-02-13


Euro Area GDP Last Previous Highest Lowest Unit
GDP 13402.70 13186.30 14104.50 245.70 USD Billion [+]
GDP Growth Rate 0.30 0.40 1.30 -2.90 percent [+]
GDP Annual Growth Rate 1.20 1.00 5.00 -5.60 percent [+]
GDP Constant Prices 2442.69 2435.11 2442.69 1771.27 EUR Billion [+]
GDP per capita 32789.48 32652.47 33657.51 9162.09 USD [+]
Gross Fixed Capital Formation 480.96 477.29 569.47 379.67 EUR Billion [+]
GDP per capita PPP 36924.57 36765.89 38015.35 28207.13 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.20 Jun/15 0.90 4.40 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Jun/15 -0.10 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.30 Jun/15 0.40 6.00 -3.00 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]