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. 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. 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 percent in the first quarter of 2009.

GDP Growth Rate in Euro Area is expected to be 0.30 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 0.40 in 12 months time. In the long-term, the Euro Area GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Euro Area GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 10:00 AM GDP Growth Rate QoQ 2nd Est 0.2% 0.2% 0.2% 0.2%
2019-03-07 10:00 AM GDP Growth Rate QoQ 3rd Est 0.2% 0.1% 0.2% 0.2%
2019-04-30 09:00 AM GDP Growth Rate QoQ Flash 0.4% 0.2% 0.3% 0.2%
2019-05-15 09:00 AM GDP Growth Rate QoQ 2nd Est 0.4% 0.2% 0.4% 0.4%
2019-06-06 09:00 AM GDP Growth Rate QoQ 3rd Est 0.2% 0.2% 0.4%
2019-07-31 09:00 AM GDP Growth Rate QoQ Flash 0.3%
2019-08-14 09:00 AM GDP Growth Rate QoQ 2nd Est 0.3%



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. 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.

Among countries for which data is already available, Germany's GDP increased 0.4 percent in Q1, after being unchanged in the previous period, on the back of strong fixed capital formation and household consumption; while Italian economy advanced 0.2 percent, emerging from its third recession in a decade, due mainly to net exports. Also, Spain's economy grew 0.7 percent, faster than 0.6 percent in the previous three-month period, mainly boosted by a rebound in fixed investment; and GDP growth also accelerated in Portugal (0.5 percent vs 0.4 percent) and Slovakia (0.9 percent vs 0.8 percent).

Meanwhile, GDP expansion was unchanged for France (at 0.3 percent), the Netherlands (at 0.5 percent) and Austria (at 0.3 percent); while growth slowed for Finland (0.6 percent vs 0.8 percent), Belgium (0.2 percent vs 0.4 percent); Cyprus (0.9 percent vs 1 percent); and Lithuania (1 percent vs 1.4 percent). Latvia's economy shrank 0.3 percent, after growing 1.2 percent in Q4.

Compared with the same quarter of the previous year, the Euro Area economy expanded 1.2 percent in the three months to March, the same pace as in the previous period.

Considering the European Union as a whole, GDP growth picked up to 0.5 percent quarter-on-quarter (vs 0.3 percent in Q4); and was unchanged at 1.5 percent year-on-year.


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/15/2019 9:23:45 AM



Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.20 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.20 1.20 5.00 -5.50 percent [+]
GDP 12589.50 11934.74 14113.09 245.48 USD Billion [+]
GDP Constant Prices 2662.19 2651.45 2662.19 1768.38 EUR Billion [+]
Gross Fixed Capital Formation 561.04 557.75 575.55 381.18 EUR Billion [+]
GDP per capita 40088.65 39259.42 40088.65 10808.76 USD [+]
GDP per capita PPP 39175.25 38359.70 39175.25 28115.88 USD [+]


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. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.20 1.30 -3.00 1995 - 2019 percent Quarterly
SA




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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