Euro Area GDP Growth Rate 1995-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) In the Euro Area expanded 0.20 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in the Euro Area averaged 0.35 Percent from 1995 until 2014, reaching an all time high of 1.30 Percent in the second quarter of 1997 and a record low of -2.80 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


Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.10 1.30 -2.80 1995 - 2014 percent Quarterly
SA
The Euro Area is an economic and monetary union of 18 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, 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 Thursday, November 27, 2014.


Euro Area GDP Growth Above Expectations


The Eurozone economy advanced 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Preliminary figures came in better than expected, as GDP accelerated in France and Germany avoided recession.

Among Euro Area member states, Greece recorded the highest growth rate (0.7 percent), followed by Slovakia (0.6 percent), Spain (0.5 percent), Latvia (0.4 percent) and France (0.3 percent). Belgium, Portugal, the Netherlands, Estonia and Finland expanded 0.2 percent each and Germany advanced 0.1 percent. Austria showed no growth and Italy and Cyprus contracted by 0.1 percent and 0.4 percent, respectively.

In the European Union (EU28), seasonally adjusted GDP rose by 0.3 percent, up from 0.2 percent expansion reported in previous quarter.

Compared with the same quarter of the previous year, the GDP rose by 0.8 percent in the Euro Area and by 1.3 percent in the EU 28, after +0.8 percent and +1.3 percent respectively in the previous quarter. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2014 11:12:14 AM


Recent Releases

Euro Area GDP Growth Revised Up
The Eurozone economy advanced 0.1 percent in the second quarter of 2014, stronger than previously estimated and due to changes in the GDP calculating methods introduced by the Eurostat. Annual growth figures were also revised upwards. Published on 2014-10-17

Euro Area Economy Stalls in Q2
Euro Area seasonally adjusted GDP stagnated in the April to June period, according to second estimates released by Eurostat and matching the advance figures. A rise in household consumption was not enough to offset falling investment and inventories. In the EU 28 the GDP rose by 0.2 percent. Published on 2014-09-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-14 10:00 AM
GDP Growth Rate QoQ Flash  Q2 2014
0.0% 0.2% 0.1% 0.1%
2014-09-05 10:00 AM
GDP Growth Rate QoQ - 2 Est  Q2 2014
0.0% 0.2% 0.0%
2014-11-14 10:00 AM
GDP Growth Rate QoQ - Flash  Q3 2014
0.2% 0.1% 0.1% 0.2%
2014-12-05 10:00 AM
GDP Growth Rate QoQ - 2 Est  Q3 2014
0.1% 0.2%


Euro Area GDP Last Previous Highest Lowest Unit
GDP 12749.93 12212.83 13581.63 245.62 USD Billion [+]
GDP Growth Rate 0.20 0.10 1.30 -2.80 percent [+]
GDP Annual Growth Rate 0.80 0.80 5.00 -5.50 percent [+]
GDP Constant Prices 2410.24 2406.35 2410.24 1593.71 EUR Billion [+]
GDP per capita 31806.76 32021.58 32794.08 9249.30 USD [+]
Gross Fixed Capital Formation 471.22 384.53 475.22 319.75 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 May/14 1.10 4.50 -2.00 percent [+]
Brazil -0.60 May/14 -0.20 4.50 -4.20 percent [+]
Canada 0.80 May/14 0.20 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.40 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.25 May/14 0.07 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.60 1.53 -1.60 percent [+]
Switzerland 0.00 May/14 0.50 1.90 -2.20 percent [+]
Turkey -0.50 May/14 1.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]