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 fourth 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.

      Forecast    
Euro Area GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 1.30 -2.80 1995 - 2014 percent Quarterly
SA
The Euro Area is an economic and monetary union of 19 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, Lithuania, 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, March 31, 2015.


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.

Household expenditure contributed the most to GDP growth (0.2 percent), followed by gross fixed capital formation (0.1 percent). The contribution of the external balance was positive, while changes in inventories weighted down 0.2 percent on growth.   

During the fourth quarter of 2014, both household consumption and investment rose 0.4 percent each (from 0.5 percent and 0.0 percent respectively in the previous quarter). Exports went up 0.8 percent, down from 1.5 percent in the previous period and imports rose 0.4 percent (1.7 percent in Q3).  

Among member states, Germany and Spain reported the highest growth rates (0.7 percent each), while Cyprus (-0.7 percent), Greece (-0.4 percent), Finland (-0.2 percent) and Austria (-0.2 percent) contracted. Italy stalled and France grew a meager 0.1 percent. 

The European Union expanded 0.4 percent in the last three months of 2014, up from a 0.3 percent expansion in the third quarter.

Year-on-year, the GDP rose by 0.9 percent in the Euro Area and by 1.3 percent in the EU 28 in the fourth quarter of 2014, after 0.8 percent and 1.2 percent respectively in the previous period.

Over the whole year 2014, the GDP expanded 0.9 percent in the Euro Area and 1.3 percent in the EU 28, compared to -0.5 percent and 0.0 percent in 2013. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
3/6/2015 10:24:35 AM


Recent Releases

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 Economy Expands 0.2% in Q2
The Eurozone GDP growth was confirmed at 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Household and government expenditure kept the economy growing while investments and external trade contributed negatively to the expansion. Published on 2014-12-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-05 10:00 AM
GDP Growth Rate QoQ - 2 Est  Q3
0.2% 0.1% 0.2% 0.2%
2015-02-13 10:00 AM
GDP Growth Rate QoQ Flash  Q4
0.3% 0.2% 0.2% 0.2%
2015-03-06 10:00 AM
GDP Growth Rate QoQ - 2 Est  Q4
0.3% 0.2% 0.3% 0.3%
2015-05-13 10:00 AM
GDP Growth Rate QoQ Flash  Q1
0.3% 0.03%
2015-06-05 10:00 AM
GDP Growth Rate QoQ - 2 Est  Q1
0.3%
2015-08-14 10:00 AM
GDP Growth Rate QoQ Flash  Q2
0.06%


Euro Area GDP Last Previous Highest Lowest Unit
GDP 12749.93 12212.83 13581.63 245.62 USD Billion [+]
GDP Growth Rate 0.30 0.20 1.30 -2.80 percent [+]
GDP Annual Growth Rate 0.90 0.80 5.00 -5.50 percent [+]
GDP Constant Prices 2416.93 2409.75 2438.10 1771.27 EUR Billion [+]
GDP per capita 31806.76 32021.58 32794.08 9249.30 USD [+]
Gross Fixed Capital Formation 474.37 472.42 569.47 379.67 EUR Billion [+]
GDP per capita PPP 35830.41 36089.43 37042.75 27826.11 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]