Euro Area GDP Annual Growth Rate

The Gross Domestic Product (GDP) In the Euro Area contracted 1 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate In the Euro Area is reported by the Eurostat. Historically, from 1995 until 2013, Euro Area GDP Annual Growth Rate averaged 1.66 Percent reaching an all time high of 5 Percent in March of 1995 and a record low of -5.20 Percent in March of 2009. The Euro Area is the second largest economy in the world. Of the 17 states it includes, the biggest are: Germany (26 percent of total Euro Area GDP), France (21 percent), Italy (16 percent) and Spain (11 percent). The most important sectors of the economy are: business and financial activities (29 percent of GDP), transportation and communication services (21 percent), overall industry (18 percent) and construction (6 percent). This page includes a chart with historical data for Euro Area GDP Annual Growth Rate.