The Eurozone quarterly economic growth was confirmed at 0.2 percent in the third quarter of 2019, the same as in the previous three-month period, the final estimate showed. Household consumption, government spending and fixed investment supported the expansion, while net trade and inventory changes contributed negatively to GDP.

GDP Growth Rate in the Euro Area averaged 0.39 percent from 1995 until 2019, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -3.20 percent in the first quarter of 2009. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Eurostat

GDP Growth Rate in Euro Area is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Euro Area to stand at 0.30 in 12 months time. In the long-term, the Euro Area GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.


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Euro Area GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 1.30 -3.20 1995 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-06 09:00 AM GDP Growth Rate QoQ 3rd Est Q2 0.2% 0.4% 0.2% 0.2%
2019-10-31 10:00 AM GDP Growth Rate QoQ Flash Q3 0.2% 0.2% 0.1% 0.2%
2019-11-14 10:00 AM GDP Growth Rate QoQ 2nd Est Q3 0.2% 0.2% 0.2% 0.2%
2019-12-05 10:00 AM GDP Growth Rate QoQ 3rd Est Q3 0.2% 0.2% 0.2% 0.2%
2020-01-31 10:00 AM GDP Growth Rate QoQ Flash Q4 0.2% 0.2% 0.2%


News Stream
2019-11-14
Eurozone Q3 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the third quarter of 2019, the same as in the previous three-month period, a second estimate showed. Among the bloc's largest economies, Germany avoided entering a recession in the third quarter, largely driven by public and private consumption, while GDP growth rates were unchanged in France, Italy and Spain.

2019-10-31
Eurozone GDP Growth Slightly Above Forecast
The Eurozone economy grew 0.2 percent on quarter in the three months to September 2019, the same pace as in the previous period and slightly above market expectations of 0.1 percent, a flash estimate showed. Among the bloc's largest economies, France's GDP expanded 0.3 percent and Spain's economy grew 0.4 percent.

2019-09-06
Eurozone Q2 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the second quarter of 2019, slowing from a 0.4 percent expansion in the previous period. Household consumption and fixed investment supported the expansion while net trade contributed negatively to growth and change in inventories was negligible. Among the bloc’s largest economies, Germany’s gross domestic product shrank while Italy's economy stagnated, Spain’s GDP growth slowed and the French economy expanded at the same pace as in the first quarter.

2019-08-14
Eurozone Q2 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the second quarter of 2019, compared to a 0.4 percent expansion in the previous period. Germany's gross domestic product contracted mainly due to a slump in exports, while Italy's economy stagnated as both trade and domestic demand made zero contribution to growth. In addition, GDP growth slowed in France and Spain.

2019-07-31
Eurozone GDP Growth Slows in Q2
The Eurozone economy grew 0.2 percent on quarter in the three months to June 2019, easing from a 0.4 percent expansion in the previous period and matching market expectations, a flash estimate showed.

2019-06-06
Eurozone Q1 GDP Growth Confirmed at 0.4%
The Eurozone quarterly economic growth was confirmed at 0.4 percent in the first quarter of 2019, above the previous three-month period's expansion of 0.2 percent. Household consumption, fixed investment and net exports supported the expansion, while changes in inventories subtracted 0.3 percentage points to the GDP. Among the bloc's largest economies, Germany and Italy returned to growth and Spain's economy advanced at faster pace, while France's expansion was unchanged.


Euro Area GDP Growth Rate
The Euro Area is an economic and monetary union of 19 European 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 third most populous with 341 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 20 percent, 15 percent and 10 percent of the bloc’s GDP.

Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.20 1.30 -3.20 percent [+]
GDP Annual Growth Rate 1.20 1.20 5.00 -5.70 percent [+]
GDP 13669.95 12634.71 14124.88 245.46 USD Billion [+]
GDP Constant Prices 2840.46 2833.81 2840.46 1879.67 EUR Billion [+]
Gross Fixed Capital Formation 626.10 624.34 626.10 400.29 EUR Billion [+]
GDP per capita 40978.90 40289.70 40978.90 10826.50 USD [+]
GDP per capita PPP 40027.90 39349.20 40027.90 28133.00 USD [+]