Euro Area GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2017, the same as in the previous period and in line with the preliminary estimate. Growth picked up in Germany and Spain but slowed in France and was steady in Italy. GDP Growth Rate in the Euro Area averaged 0.37 percent from 1995 until 2017, 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-07 10:00 AM Q4 0.4% 0.4% 0.4% 0.4%
2017-05-03 09:00 AM Q1 0.5% 0.5% 0.5% 0.6%
2017-05-16 09:00 AM Q1 0.5% 0.5% 0.5% 0.5%
2017-06-07 09:00 AM Q1 0.5% 0.5% 0.5%
2017-08-01 09:00 AM Q2 0.4%
2017-08-16 09:00 AM Q2 0.4%




Euro Area GDP Growth Confirmed At 0.5% In Q1


The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2017, the same as in the previous period and in line with the preliminary estimate. Growth picked up in Germany and Spain but slowed in France and was steady in Italy.

Among countries for which data is already available, the GDP expanded at a faster pace in Germany (0.6 percent from 0.4 percent in Q4); Spain (0.8 percent from 0.7 percent in Q4); Belgium (0.5 percent from 0.4 percent); Portugal (1 percent from 0.7 percent); Finland (1.6 percent from 0.3 percent) and Latvia (1.5 percent from 1.2 percent). 

Meanwhile, GDP growth slowed in France (0.3 percent from 0.5 percent in Q4); Austria (0.6 percent from 0.5 percent); Netherlands (0.4 percent from 0.6 percent); Cyprus (0.6 percent from 0.7 percent) and Lithuania (1.4 percent from 1.5 percent). In addition, GDP growth was steady in Italy (0.2 percent) and  Slovakia (0.8 percent). The Greek economy contracted for the second quarter (-0.1 percent from -1.2 percent). 

Year-on-year, the Euro Area economy expanded 1.7 percent, easing from a 1.8 percent growth in the previous period and in line with earlier estimates.

Considering full European Union, the GDP growth slowed to 0.5 percent from 0.6 percent in Q4, better than initial estimates of 0.4 percent. Annual growth rate was also revised up to 2 percent from 1.9 percent. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/16/2017 9:24:32 AM



Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.70 1.80 5.00 -5.50 percent [+]
GDP 11602.40 13449.40 14114.70 245.39 USD Billion [+]
GDP Constant Prices 2542.75 2528.84 2542.75 1768.79 EUR Billion [+]
Gross Fixed Capital Formation 508.06 505.19 571.64 381.91 EUR Billion [+]
GDP per capita 38589.44 37930.54 38823.66 10808.80 USD [+]
GDP per capita PPP 37722.04 37074.84 38032.85 28122.09 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 1.30 -3.00 1995 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
United States 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
United Kingdom 0.30 Mar/17
Italy 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16