Euro Area GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The Eurozone economy advanced 0.4 percent on quarter in the three months to December of 2016, the same pace as in the previous period and worse than a preliminary reading of a 0.5 percent expansion, the second estimate showed. Among countries for which data is already available, GDP growth picked up in Germany and France; was unchanged in Spain; and slowed in Italy. Meanwhile, Greek economy contracted. GDP Growth Rate in the Euro Area averaged 0.37 percent from 1995 until 2016, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -3 percent in the first quarter of 2009.

Euro Area GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-06 10:00 AM Q3 0.3% 0.3% 0.3% 0.3%
2017-01-31 10:00 AM Q4 0.5% 0.4% 0.4% 0.4%
2017-02-14 10:00 AM Q4 0.4% 0.3% 0.5% 0.5%
2017-03-08 10:00 AM Q4 0.3% 0.5%
2017-05-03 09:00 AM Q1 0.3%
2017-05-16 09:00 AM Q1 0.3%




Eurozone Q4 GDP Growth Revised Down To 0.4%


The Eurozone economy advanced 0.4 percent on quarter in the three months to December of 2016, the same pace as in the previous period and worse than a preliminary reading of a 0.5 percent expansion, the second estimate showed. Among countries for which data is already available, GDP growth picked up in Germany and France; was unchanged in Spain; and slowed in Italy.

Among countries for which data is already available, GDP expanded at a faster pace in: Germany (0.4 percent from 0.1 percent in Q3); France (0.4 percent from 0.2 percent); Austria (0.6 percent from 0.5 percent); Belgium (0.4 percent from 0.2 percent); Latvia (0.8 percent from 0.3 percent); Lithuania (1.3 percent from 0.4 percent); and Slovakia (0.8 percent from 0.7 percent). Meanwhile GDP growth was unchanged in Spain (at 0.7 percent) and slowed in: Italy (0.2 percent from 0.3 percent in Q3); Cyprus (0.5 percent from 0.8 percent); the Netherlands (0.5 percent from 0.8 percent); and Portugal (0.6 percent from 0.8 percent).

By contrast, the Greek economy contracted 0.4 percent and the Finnish GDP fell 0.5 percent.

Compared with the same quarter of the previous year, the Euro Area economy expanded 1.7 percent, down from 1.8 percent in the previous period and worse a preliminary reading of 1.8 percent growth. 

Considering the European Union, the GDP growth was revised down to 0.5 percent quarter-on-quarter compared with a preliminary figure of 0.6 percent; and to 1.8 percent year-on-year after a flash estimate of 1.9 percent. 

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/14/2017 10:26:06 AM



Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.70 1.80 5.00 -5.50 percent [+]
GDP 11602.40 13449.40 14114.70 245.39 USD Billion [+]
GDP Constant Prices 2530.39 2515.86 2530.39 1768.58 EUR Billion [+]
Gross Fixed Capital Formation 508.16 507.32 571.65 381.90 EUR Billion [+]
GDP per capita 38594.34 37914.51 38822.12 10808.80 USD [+]
GDP per capita PPP 37736.90 37068.20 38040.50 28119.59 USD [+]



Euro Area GDP Growth Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 1.30 -3.00 1995 - 2016 percent Quarterly
SA



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Singapore 12.30 Dec/16
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Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
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Egypt 4.90 Mar/16
Rwanda 4.80 Sep/16
Iceland 4.70 Sep/16
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
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Algeria 4.00 Dec/14
Ireland 4.00 Sep/16
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Qatar 3.60 Sep/16
Mauritius 3.10 Sep/16
Angola 3.00 Dec/16
Ukraine 1.90 Dec/16
United States 1.90 Dec/16
India 1.80 Sep/16
Bahrain 1.70 Sep/16
China 1.70 Dec/16
Croatia 1.70 Sep/16
Philippines 1.70 Dec/16
Poland 1.70 Dec/16
Israel 1.50 Dec/16
Tanzania 1.50 Sep/10
Malaysia 1.40 Dec/16
Mongolia 1.40 Jun/16
Lithuania 1.30 Dec/16
Romania 1.30 Dec/16
Kazakhstan 1.26 Dec/13
Hong Kong 1.20 Dec/16
Costa Rica 1.15 Sep/16
Ghana 1.10 Sep/16
New Zealand 1.10 Sep/16
Norway 1.10 Dec/16
Uruguay 1.10 Sep/16
Bosnia and Herzegovina 1.00 Sep/16
Colombia 1.00 Dec/16
Slovenia 1.00 Sep/16
Albania 0.90 Sep/16
Bulgaria 0.90 Dec/16
Canada 0.90 Sep/16
Jamaica 0.90 Sep/16
Saudi Arabia 0.90 Sep/16
Latvia 0.80 Dec/16
Slovakia 0.80 Dec/16
Mexico 0.70 Dec/16
Spain 0.70 Dec/16
United Kingdom 0.70 Dec/16
Chile 0.60 Sep/16
Moldova 0.60 Jun/16
Peru 0.60 Dec/16
Portugal 0.60 Dec/16
Austria 0.50 Dec/16
Cyprus 0.50 Dec/16
Ecuador 0.50 Sep/16
European Union 0.50 Dec/16
Netherlands 0.50 Dec/16
Paraguay 0.50 Sep/16
Sweden 0.50 Sep/16
Taiwan 0.45 Dec/16
Belgium 0.40 Dec/16
Denmark 0.40 Dec/16
Euro Area 0.40 Dec/16
France 0.40 Dec/16
Germany 0.40 Dec/16
Hungary 0.40 Dec/16
South Korea 0.40 Dec/16
Thailand 0.40 Dec/16
Cameroon 0.30 Mar/16
Czech Republic 0.20 Dec/16
Estonia 0.20 Sep/16
Italy 0.20 Dec/16
Japan 0.20 Dec/16
Malta 0.20 Jun/16
South Africa 0.20 Sep/16
Tunisia 0.20 Sep/16
El Salvador 0.13 Sep/16
Kenya 0.10 Sep/16
Belize 0.04 Sep/16
Serbia 0.00 Jun/16
Switzerland 0.00 Sep/16
Luxembourg -0.10 Sep/16
Argentina -0.20 Sep/16
Uganda -0.20 Sep/16
Greece -0.40 Dec/16
Australia -0.50 Sep/16
Finland -0.50 Dec/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Botswana -0.80 Sep/16
Brazil -0.80 Sep/16
Mozambique -1.70 Dec/16
Senegal -1.70 Sep/16
Indonesia -1.77 Dec/16
Dominican Republic -2.18 Sep/16
Turkey -2.70 Sep/16
Trinidad And Tobago -2.80 Jun/16