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.