Euro Area GDP Growth Rate 1995-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in the Euro Area stagnated in the second quarter of 2014 over the previous quarter. GDP Growth Rate in the Euro Area averaged 0.35 Percent from 1995 until 2014, reaching an all time high of 1.30 Percent in the second quarter of 1997 and a record low of -2.80 Percent in the first quarter of 2009. GDP Growth Rate in the Euro Area is reported by the Eurostat.

   
 
 
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Euro Area GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.20 1.30 -2.80 1995 - 2014 Percent Quarterly
SA
The Euro Area is an economic and monetary union of 18 European Union countries that adopted the euro as their currency. The countries it comprises are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain. The Euro Area 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. France, Germany, Italy and Spain are the most important economies accounting for over 74 percent of the Union’s 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 Tuesday, September 2, 2014.


Euro Area GDP Growth Halts in Q2


Euro Area seasonally adjusted GDP remained stable in the second quarter of 2014, compared with the previous quarter, according to the flash estimate. Strong numbers in Spain and Netherlands were not enough to offset shrinking growth in Germany and Italy and stagnant France.

Among Euro Area member states, Cyprus economy contracted the most (-0.3 percent), followed by Germany and Italy (-0.2 percent respectively). The expansion was reported in Netherlands (0.5 percent), Spain (0.6 percent), Belgium (0.1 percent), Portugal (0.6 percent), Austria (0.2 percent), Estonia (0.5 percent), Slovakia (0.6 percent) and Finland (0.1 percent). The growth stalled in France.

Compared with the same quarter of the previous year, seasonally adjusted GDP grew by 0.7 percent after a 0.9 percent rise at the beginning of the year. 

Eurostat | anna@tradingeconomics.com
8/14/2014 10:57:40 AM


Recent Releases

Euro Area GDP Growth Slows in Q1
The Euro Area economy advanced 0.2 percent quarter-on-quarter in the first three months of 2014, slowing from a revised 0.3 percent expansion in the previous quarter and matching initial estimates. Growth was mainly driven by household consumption, while exports and investment slowed sharply. Published on 2014-06-04

Euro Area Recovery Fails to Gather Momentum
Euro Area GDP advanced 0.2 percent in the first quarter of 2014, the same rate recorded in the previous period and below market expectations. While Germany posted strong growth, France stagnated and Italy contracted. Published on 2014-05-15


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-15 10:00 AM Euro Area
GDP Growth Rate QoQ Flash
Q1 2014 0.2% 0.2% 0.4% 0.4%
2014-06-04 10:00 AM Euro Area
GDP Growth Rate QoQ - 2 Est
Q1 2014 0.2% 0.3% (R) 0.2% 0.2%
2014-07-02 10:00 AM Euro Area
GDP Growth Rate QoQ - 3 Est
Q1 2014 0.2% 0.2% 0.2% 0.2%
2014-08-14 10:00 AM Euro Area
GDP Growth Rate QoQ Flash
Q2 2014 0.0% 0.2% 0.1% 0.1%
2014-09-05 10:00 AM Euro Area
GDP Growth Rate QoQ - 2 Est
Q2 2014 0.2% 0.0% 0.0%


GDP Last Previous Highest Lowest Unit
GDP 12749.93 12212.83 13581.63 245.62 USD Billion [+]
GDP Growth Rate 0.00 0.20 1.30 -2.80 Percent [+]
GDP Annual Growth Rate 0.70 0.90 5.00 -5.50 Percent [+]
GDP Constant Prices 2141.45 2140.60 2179.57 1593.71 EUR Billion [+]
GDP per capita 31806.76 32021.58 32794.08 9249.30 USD [+]
Gross Fixed Capital Formation 384.32 383.67 475.22 319.75 EUR Billion [+]
GDP per capita PPP 35392.52 34160.05 35392.52 8950.54 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 1.10 Mar/14 0.80 4.50 -2.00 Percent [+]
Brazil -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 2.10 Mar/14 1.10 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.70 Jun/14 1.60 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.60 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.00 Jun/14 0.50 1.90 -2.20 Percent [+]
Turkey 1.70 Mar/14 0.90 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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