Euro Area GDP Growth Rate 1995-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) In the Euro Area expanded 0.40 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in the Euro Area averaged 0.36 percent from 1995 until 2015, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -2.90 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
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 1.30 -2.90 1995 - 2015 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, May 26, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-06 10:00 AM Q4 0.3% 0.2% 0.3% 0.3%
2015-05-05 10:00 AM
2015-05-13 10:00 AM Q1 0.4% 0.3% 0.5% 0.3%
2015-06-05 10:00 AM Q1 0.3%
2015-08-14 10:00 AM Q2 0.06%
2015-09-04 10:00 AM Q2


Euro Area GDP Growth at 0.4% in Q1


The Eurozone economy advanced 0.4 percent in the first three months of 2015, up from a 0.3 percent growth in the previous period. It is the biggest gain in seven quarters, preliminary estimates showed.

The growth received a boost from the strong performance of Italy and France which advanced a better-than-expected 0.3 percent and 0.6 percent respectively while German expansion disappointed at 0.3 percent. 

Among other Eurozone members, Cyprus posted the highest growth rate, advancing 1.6 percent and expanding for the first time in four years. Spain GDP grew 0.9 percent; Slovakia 0.8 percent and Portugal, Latvia and the Netherlands each 0.4 percent. In contrast, Greece and Estonia slipped back into recession contracting 0.2 percent and 1.3 percent respectively and Finland GDP shrank for the second straight quarter by 0.1 percent. 

Considering the European Union, the economy grew 0.4 percent, the same as in the previous period. 

Year-on-year, the GDP rose 1.0 percent in the Euro Area and 1.4 percent in the European Union, up from 0.9 percent and 1.3 percent respectively in the previous quarter.  

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/13/2015 10:55:11 AM


Recent Releases

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. Published on 2015-03-06

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 GDP Last Previous Highest Lowest Unit
GDP 12749.93 12212.83 13581.63 245.62 USD Billion [+]
GDP Growth Rate 0.40 0.30 1.30 -2.90 percent [+]
GDP Annual Growth Rate 1.00 0.90 5.00 -5.60 percent [+]
GDP Constant Prices 2434.96 2416.93 2438.10 1771.27 EUR Billion [+]
GDP per capita 31806.76 32021.58 32794.08 9249.30 USD [+]
Gross Fixed Capital Formation 856.26 898.27 898.27 379.67 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 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]