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 0.40 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 Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-05 10:00 AM
2015-05-13 10:00 AM Q1 0.4% 0.3% 0.5% 0.3%
2015-06-09 09:20 AM Q1 0.4% 0.4% (R) 0.4% 0.4%
2015-08-14 10:00 AM Q2 0.4% 0.48%
2015-09-04 10:00 AM Q2 0.4%
2015-11-13 10:00 AM Q3 0.61%


Euro Area GDP Growth Confirmed at 0.4%


The Eurozone economy expanded 0.4 percent on quarter in the first three months of 2015, matching preliminary estimates. Household consumption and investment were the main drivers of growth, final figures showed.

In the EU28, the GDP also expanded 0.4 percent on a quarterly basis. 

Household final consumption accounted for 0.3 percentage points of growth both in the euro area and the EU28, rising by 0.5 percent in both zones (after +0.4 percent and +0.5 respectively in the previous quarter).

Gross fixed capital formation accounted for 0.2 pp and grew 0.8 percent in both the euro area and the EU28 (after 0.4 percent in both zones).

The contribution of the external balance was negative for both zones, while the contribution of changes in inventories was positive. Sales rose by 0.6 percent in both the euro area and the EU28 (after +0.8 percent and +1.4 percent). Imports increased by 1.2 percent in the euro area and by 1.4 percent in the EU28 (after +0.8 percent and +1.1 percent).

Among Member States for which data are available for the first quarter of 2015, the Czech Republic (+3.1 percent), Cyprus and Romania (both +1.6 percent) recorded the highest growth compared with the previous quarter, followed by Poland (+1.0 percent), Bulgaria and Spain (both +0.9 percent), Hungary, Slovenia and Slovakia (all +0.8 percent). Decreases were registered in Lithuania (-0.6 percent), Estonia (-0.3 percent), Greece (-0.2 percent) and Finland (-0.1 percent).

Compared with the same quarter of the previous year, the GDP rose by 1.0 percent in the euro area and by 1.5 percent in the EU28 in the first quarter of 2015, after +0.9 percent and +1.4 percent respectively in the previous quarter. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/9/2015 10:12:47 AM


Recent Releases

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.
Published on 2015-05-13

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 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


Euro Area GDP Last Previous Highest Lowest Unit
GDP 12749.93 12212.83 13581.63 245.62 USD Billion [+]
GDP Growth Rate 0.40 0.40 1.30 -2.90 percent [+]
GDP Annual Growth Rate 1.00 0.90 5.00 -5.60 percent [+]
GDP Constant Prices 2435.11 2416.93 2438.10 1771.27 EUR Billion [+]
GDP per capita 31806.76 32021.58 32794.08 9249.30 USD [+]
Gross Fixed Capital Formation 480.96 477.29 569.47 379.67 EUR Billion [+]
GDP per capita PPP 35830.41 36089.43 37042.75 27826.11 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]