Euro Area GDP Annual Growth Rate  1995-2016 | Data | Chart | Calendar

The outlook for real GDP growth in the Euro Area has been revised downwards to 1.6 percent in 2017 (from 1.7 percent) and to 1.6 percent in 2018 (from 1.7 percent), according to the September 2016 ECB staff macroeconomic projections. The economic recovery is expected to be dampened by still subdued foreign demand, partly related to the uncertainties following the UK referendum outcome, the necessary balance sheet adjustments in a number of sectors and a sluggish pace of implementation of structural reforms. Meanwhile, expectations regarding 2016 GDP growth were upwardly revised to 1.7 percent (from 1.6 percent). The outlook for HICP inflation was broadly unchanged at 0.2 percent in 2016, 1.2 percent in 2017 and 1.6 percent in 2018. The Euro Area economy advanced 1.6 percent year-on-year in the three months to June of 2016, slowing from a 1.7 percent expansion in the previous period and in line with earlier estimates. It is the lowest growth rate in six quarters. GDP Annual Growth Rate in the Euro Area averaged 1.62 percent from 1995 until 2016, reaching an all time high of 5 percent in the first quarter of 1995 and a record low of -5.50 percent in the first quarter of 2009. GDP Annual Growth Rate in the Euro Area is reported by the Eurostat.

Euro Area GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.70 5.00 -5.50 1995 - 2016 percent Quarterly
The Euro Area is the second largest economy in the world. Of the 19 states it includes, the biggest are: Germany (29 percent of total GDP), France (21 percent), Italy (16 percent) and Spain (11 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by government expenditure (21 percent) and gross fixed capital formation (20 percent). Net exports of goods and services adds 4 percent to the GDP as exports accounts for 45 percent and imports for -41 percent. . This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Annual 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 1.6% 1.7% 1.5% 1.6%
2016-08-12 09:00 AM Q2 1.6% 1.7% 1.6% 1.6%
2016-09-06 09:00 AM Q2 1.6% 1.7% 1.6% 1.6%
2016-11-15 10:00 AM Q3 1.6% 1.4%
2016-12-06 10:00 AM Q3 1.6%

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 [+]




Last
Ethiopia 9.60 Dec/15
Ivory Coast 9.40 Mar/16
Papua New Guinea 9.00 Dec/15
Dominican Republic 8.70 Jun/16
Palestine 8.00 Mar/16
Uzbekistan 7.80 Jun/16
Congo 7.70 Dec/15
Monaco 7.20 Dec/14
India 7.10 Jun/16
Bangladesh 7.05 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Philippines 7.00 Jun/16
Cambodia 6.90 Dec/15
China 6.70 Jun/16
Djibouti 6.70 Dec/15
Tajikistan 6.50 Jun/16
Turkmenistan 6.50 Dec/15
Paraguay 6.20 Jun/16
Benin 6.10 Jun/16
Romania 6.00 Jun/16
Burkina Faso 5.90 Jun/16
Kenya 5.90 Mar/16
Cape Verde 5.80 Mar/16
Togo 5.80 Mar/16
Senegal 5.70 Jun/16
Chad 5.60 Dec/15
Vietnam 5.55 Jun/16
Bhutan 5.50 Dec/15
Tanzania 5.50 Mar/16
Mali 5.40 Mar/16
Rwanda 5.40 Jun/16
Sao Tome and Principe 5.30 Dec/15
Panama 5.20 Jun/16
Indonesia 5.18 Jun/16
Zambia 5.00 Dec/15
Bolivia 4.95 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Mar/16
Guinea Bissau 4.90 Mar/16
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Costa Rica 4.80 Mar/16
Maldives 4.80 Mar/16
Gambia 4.70 Dec/15
Luxembourg 4.40 Mar/16
Cuba 4.30 Dec/15
East Timor 4.30 Dec/15
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Ireland 4.10 Jun/16
Nicaragua 4.10 Mar/16
Malaysia 4.00 Jun/16
Algeria 3.90 Dec/15
Egypt 3.80 Dec/15
Kosovo 3.80 Mar/16
Cameroon 3.70 Mar/16
Iceland 3.70 Jun/16
Mauritius 3.70 Mar/16
Mozambique 3.70 Jun/16
Peru 3.70 Jun/16
Slovakia 3.70 Jun/16
Brunei 3.60 Mar/16
Honduras 3.60 Dec/15
New Zealand 3.60 Jun/16
Thailand 3.50 Jun/16
Lesotho 3.40 Dec/15
Sweden 3.40 Jun/16
United Arab Emirates 3.40 Dec/15
Australia 3.30 Jun/16
South Korea 3.30 Jun/16
Comoros 3.20 Dec/15
Spain 3.20 Jun/16
Germany 3.10 Jun/16
Mauritania 3.10 Dec/15
Poland 3.10 Jun/16
Turkey 3.10 Jun/16
Albania 3.00 Mar/16
Bulgaria 3.00 Jun/16
Georgia 3.00 Jun/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Malta 3.00 Jun/16
Israel 2.90 Jun/16
Malawi 2.90 Dec/15
Botswana 2.80 Mar/16
Croatia 2.80 Jun/16
Guatemala 2.80 Mar/16
Saudi Arabia 2.80 Jun/16
Cyprus 2.70 Jun/16
Slovenia 2.70 Jun/16
Czech Republic 2.60 Jun/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Sri Lanka 2.60 Jun/16
Bahrain 2.50 Jun/16
El Salvador 2.50 Mar/16
Mexico 2.50 Jun/16
Norway 2.50 Jun/16
Cayman Islands 2.40 Mar/16
Iraq 2.40 Dec/15
Jordan 2.30 Mar/16
Netherlands 2.30 Jun/16
Macedonia 2.20 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
Colombia 2.00 Jun/16
Serbia 2.00 Jun/16
Switzerland 2.00 Jun/16
Lithuania 1.90 Jun/16
European Union 1.80 Jun/16
Kuwait 1.80 Dec/15
Moldova 1.80 Jun/16
Haiti 1.70 Dec/15
Hong Kong 1.70 Jun/16
Swaziland 1.70 Dec/15
Euro Area 1.60 Jun/16
Armenia 1.50 Jun/16
Chile 1.50 Jun/16
Suriname 1.50 Dec/15
Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
Mongolia 1.40 Jun/16
Morocco 1.40 Jun/16
Tunisia 1.40 Jun/16
Ukraine 1.40 Jun/16
Uruguay 1.40 Jun/16
France 1.30 Jun/16
New Caledonia 1.30 Dec/14
Austria 1.20 Jun/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
United States 1.20 Jun/16
Montenegro 1.10 Mar/16
Qatar 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Canada 0.90 Jun/16
Portugal 0.90 Jun/16
Estonia 0.80 Jun/16
Italy 0.80 Jun/16
Jamaica 0.80 Mar/16
Japan 0.80 Jun/16
Nepal 0.77 Dec/15
Taiwan 0.70 Jun/16
Iran 0.60 Mar/15
South Africa 0.60 Jun/16
Denmark 0.40 Jun/16
Finland 0.40 Jun/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Kazakhstan 0.10 Jun/16
Greece -0.40 Jun/16
Puerto Rico -0.60 Dec/15
Russia -0.60 Jun/16
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Namibia -1.20 Jun/16
Belarus -1.30 Jun/16
Uganda -1.30 Mar/16
Belize -1.60 Jun/16
Nigeria -2.06 Jun/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
Ecuador -3.00 Mar/16
Argentina -3.40 Jun/16
Azerbaijan -3.40 Jun/16
Brazil -3.80 Jun/16
Burundi -4.10 Dec/15
Trinidad and Tobago -5.20 Mar/16
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Macau -7.10 Jun/16
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15