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

The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2016 compared to a 0.3 percent growth rate in the previous period and market expectations of a 0.4 percent gain, preliminary estimates showed. Meanwhile, the Euro Area is expected to expand 1.6 percent in 2016, lower than 1.7 percent estimated in January, according to the European Commission Spring forecasts. The strength of some of the positive factors supporting the bloc, such as low oil prices, a low euro exchange rate and supportive monetary policy measures, is likely to fade over the forecast horizon; while high levels of public and private debt will continue to weigh on growth, along with high structural unemployment and high levels of policy uncertainty. 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
0.60 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)
2016-02-12 10:00 AM Q4 0.3% 0.3% 0.3% 0.2%
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 0.3% 0.6% 0.6%
2016-08-12 09:00 AM Q2 0.3%
2016-09-06 09:00 AM Q2

Euro Area GDP Growth Beats Expectations


The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2016 compared to a 0.3 percent growth rate in the previous period and market expectations of a 0.4 percent gain, preliminary estimates showed.

It is the highest growth rate in a year. Among countries for which data is already available, France and Spain expanded more than expected by 0.5 percent and 0.8 percent respectively. Lithuania advanced 0.8 percent while Belgium grew 0.2 percent. Germany, the biggest economy, is expected to release preliminary estimates for GDP in two weeks. 

Year-on-year, the Euro Area economy expanded 1.6 percent, the same as in the previous three quarters and better than a 1.4 percent growth markets were expecting. The European Central Bank estimates a 1.4 percent growth for 2016.

Considering the European Union, the GDP expanded at a faster 0.5 percent over the previous quarter (0.4 percent in the last three months of 2015) but slowed on a yearly basis (1.7 percent compared to 1.8 percent in the last three months of 2015).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/29/2016 10:33:39 AM

Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.30 1.20 -3.00 percent [+]
GDP Annual Growth Rate 1.60 1.60 5.00 -5.50 percent [+]
GDP 13410.20 13188.80 14104.50 245.70 USD Billion [+]
GDP Constant Prices 2480.95 2464.99 2480.95 1767.45 EUR Billion [+]
Gross Fixed Capital Formation 497.56 488.86 571.81 381.53 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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