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 June of 2016, slowing from a 0.5 percent growth in the previous period and in line with earlier estimates. Exports and household consumption drove the expansion while investment stalled and the drag from inventories worsened. 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. 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
0.30 0.50 1.30 -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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-29 09:00 AM Q2 0.3% 0.6% 0.3% 0.3%
2016-08-12 09:00 AM Q2 0.3% 0.6% 0.3% 0.3%
2016-09-06 09:00 AM Q2 0.3% 0.5% 0.3% 0.3%
2016-11-15 10:00 AM Q3 0.3% 0.3%
2016-12-06 10:00 AM Q3 0.3%

Exports and Consumers Boost Euro Area Growth in Q2


The Euro Area economy advanced 0.3 percent on quarter in the three months to June of 2016, slowing from a 0.5 percent growth in the previous period and in line with earlier estimates. Exports and household consumption drove the expansion while investment stalled and the drag from inventories worsened.

On the expenditure side, household consumption contributed positively to growth and increased 0.2 percent (0.6 percent in Q1). Government spending edged up 0.1 percent (0.6 percent in Q1) and gross fixed capital formation was flat (0.4 percent in Q1), with both making a neutral contribution to growth while changes in inventories subtracted 0.2 percent (-0.1 percent in Q1). The contribution of external trade was positive, with exports rising 1.1 percent (flat in Q1) and imports increasing 0.4 percent (-0.1 percent in Q1).

On the production side, agriculture rebounded (0.3 percent from -0.4 percent in Q1) and manufacturing (0.5 percent from 0.2 percent) and real estate activities (0.3 percent from 0.1 percent) grew at a faster pace. In contrast, growth slowed for trade, transport, accommodation and food service activities (0.4 percent from 0.8 percent); information and communication (0.1 percent from 0.9 percent); professional and support service activities (0.8 percent from 1 percent); administration and other public services (0.2 percent from 0.5 percent) and arts, entertainment and other services (0.2 percent from 0.8 percent). The construction sector declined 0.3 percent (1 percent in Q1) and financial and insurance activities went down 0.5 percent (0.8 percent in Q1).

Year-on-year, the economy advanced 1.6 percent, slowing from a 2.7 percent expansion in the previous three months and also in line with preliminary figures. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/6/2016 10:28:13 AM

Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.50 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.60 1.70 5.00 -5.50 percent [+]
GDP 11539.74 13407.43 14113.39 245.39 USD Billion [+]
GDP Constant Prices 2505.00 2497.57 2505.00 1767.81 EUR Billion [+]
Gross Fixed Capital Formation 502.98 503.04 571.63 381.60 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 [+]




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Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16