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

The Euro Area economy advanced 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with earlier estimates. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively. Compared to the same quarter of 2015, the GDP advanced 1.7 percent, better than a preliminary estimate of 1.6 percent expansion. 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
Receive the next reported value for Euro Area GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-31 10:00 AM Q3 0.3% 0.3% 0.3% 0.2%
2016-11-15 10:00 AM Q3 0.3% 0.3% 0.3% 0.3%
2016-12-06 10:00 AM Q3 0.3% 0.3% 0.3% 0.3%
2017-02-13 10:00 AM Q4 0.3% 0.27%
2017-03-08 10:00 AM Q4 0.3% 0.27%
2017-04-28 09:00 AM Q1 0.25%




Eurozone Q3 GDP Growth Confirmed At 0.3%


The Euro Area economy advanced 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with earlier estimates. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively.

On the expenditure side, household consumption increased by 0.3 percent (+0.2 percent in Q2) and government spending advanced by 0.5 percent (+0.4 percent in Q2). Meanwhile, gross fixed capital formation rose at a slower 0.2 percent (+1.2 percent in Q2), and changes in inventories added 0.1 p.p. to expansion (-0.2 p.p. in Q2). The contribution of external trade was negative, with exports rising 0.1 percent (+1.2 percent in Q2) and imports increasing at a faster 0.2 percent (+1.2 percent in Q2).

On the production side, industry grew by 0.4 percent (+0.1 percent in Q2), boosted by manufacturing (+0.3 percent from -0.1 percent in Q2). Construction advanced by 0.5 percent (-0.1 percent in Q2). Among services, output rose for: trade, transport, accommodation and food service activities (+0.4 percent, the same as in Q2); administration and other public services (+0.3 percent from +0.2 percent in Q2), real estate activities (+0.1 percent from +0.2 percent in Q2); professional and support service activities (+0.3 percent from +1 percent in Q2); and financial and insurance activities (+0.1 percent from -0.4 percent in Q2). By contrast, output fell for agriculture, forestry and fishing (-0.6 percent, after showing no growth in Q2).

Year-on-year, the economy advanced 1.7 percent, following a 1.6 percent expansion in the previous three months and better than preliminary figures of 1.6 percent. 

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/6/2016 10:35:27 AM



Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.70 1.70 5.00 -5.50 percent [+]
GDP 11539.74 13407.43 14113.39 245.39 USD Billion [+]
GDP Constant Prices 2515.86 2507.16 2515.86 1768.58 EUR Billion [+]
Gross Fixed Capital Formation 508.16 507.32 571.65 381.90 EUR Billion [+]
GDP per capita 38341.20 37806.28 38817.88 10806.76 USD [+]
GDP per capita PPP 37486.19 36955.66 38026.39 28113.09 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 1.30 -3.00 1995 - 2016 percent Quarterly
SA



Last
Nigeria 8.99 Sep/16
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.40 Sep/16
Angola 4.90 Dec/15
Egypt 4.90 Mar/16
Iceland 4.70 Sep/16
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Indonesia 3.20 Sep/16
United States 3.20 Sep/16
Sri Lanka 2.60 Jun/16
Qatar 2.50 Jun/16
Peru 2.00 Sep/16
China 1.80 Sep/16
Kenya 1.80 Jun/16
Costa Rica 1.75 Mar/16
Jamaica 1.60 Jun/16
Luxembourg 1.60 Jun/16
El Salvador 1.55 Dec/15
Malaysia 1.50 Sep/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
Saudi Arabia 1.40 Jun/16
Uganda 1.40 Jun/16
Kazakhstan 1.26 Dec/13
Bahrain 1.20 Jun/16
Philippines 1.20 Sep/16
Mexico 1.00 Sep/16
Slovenia 1.00 Sep/16
Taiwan 0.96 Sep/16
Albania 0.90 Jun/16
Canada 0.90 Sep/16
New Zealand 0.90 Jun/16
Greece 0.80 Sep/16
Israel 0.80 Sep/16
Portugal 0.80 Sep/16
Bulgaria 0.70 Sep/16
Cyprus 0.70 Sep/16
Netherlands 0.70 Sep/16
Slovakia 0.70 Sep/16
Spain 0.70 Sep/16
Chile 0.60 Sep/16
Ecuador 0.60 Jun/16
Ghana 0.60 Jun/16
Hong Kong 0.60 Sep/16
Ireland 0.60 Jun/16
Moldova 0.60 Jun/16
Romania 0.60 Sep/16
South Korea 0.60 Sep/16
Thailand 0.60 Sep/16
Bosnia and Herzegovina 0.50 Jun/16
Croatia 0.50 Jun/16
Paraguay 0.50 Sep/16
Sweden 0.50 Sep/16
United Kingdom 0.50 Sep/16
Austria 0.40 Sep/16
Denmark 0.40 Sep/16
European Union 0.40 Sep/16
Finland 0.40 Sep/16
Ukraine 0.40 Sep/16
Cameroon 0.30 Mar/16
Colombia 0.30 Sep/16
Euro Area 0.30 Sep/16
Hungary 0.30 Sep/16
Italy 0.30 Sep/16
Japan 0.30 Sep/16
Turkey 0.30 Jun/16
Belgium 0.20 Sep/16
Czech Republic 0.20 Sep/16
Estonia 0.20 Sep/16
France 0.20 Sep/16
Germany 0.20 Sep/16
Latvia 0.20 Sep/16
Malta 0.20 Jun/16
Mozambique 0.20 Sep/16
Poland 0.20 Sep/16
South Africa 0.20 Sep/16
Tunisia 0.20 Sep/16
Lithuania 0.10 Sep/16
Belize 0.05 Jun/16
Serbia 0.00 Jun/16
Switzerland 0.00 Sep/16
Uruguay 0.00 Jun/16
Australia -0.50 Sep/16
Mauritius -0.50 Jun/16
Norway -0.50 Sep/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.80 Sep/16
Botswana -1.30 Jun/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Singapore -2.00 Sep/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16