The Eurozone economy advanced 1.2 percent year-on-year in the second quarter of 2019, slowing from an upwardly revised 1.3 percent expansion in the previous period and above a preliminary reading and market expectations of 1.1 percent. GDP Annual Growth Rate in the Euro Area averaged 1.70 percent from 1995 until 2019, 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 Euro Area is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Euro Area to stand at 1.40 in 12 months time. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.

Euro Area GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-06 09:00 AM GDP Growth Rate YoY 3rd Est Q1 1.2% 1.2% 1.2% 1.2%
2019-07-31 09:00 AM GDP Growth Rate YoY Flash Q2 1.1% 1.2% 1% 1.1%
2019-08-14 09:00 AM GDP Growth Rate YoY 2nd Est Q2 1.1% 1.2% 1.1% 1.1%
2019-09-06 09:00 AM GDP Growth Rate YoY 3rd Est Q2 1.2% 1.3% 1.1% 1.1%
2019-10-31 10:00 AM GDP Growth Rate YoY Flash Q3 1.2% 1.1%
2019-11-14 10:00 AM GDP Growth Rate YoY 2nd Est Q3 1.2% 1.1%
2019-12-05 10:00 AM GDP Growth Rate YoY 3rd Est Q3 1.2% 1.1%


Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.40 1.30 -3.00 percent [+]
GDP Annual Growth Rate 1.20 1.30 5.00 -5.50 percent [+]
GDP 13669.95 12634.71 14124.88 245.46 USD Billion [+]
GDP Constant Prices 2671.26 2665.93 2671.26 1769.67 EUR Billion [+]
Gross Fixed Capital Formation 569.90 566.79 574.26 383.40 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 [+]


Euro Area GDP Annual Growth Rate

The Euro Area is the second largest economy in the world. Of the 19 member states it includes, the biggest are: Germany (29 percent of total GDP), France (20 percent), Italy (15 percent) and Spain (10 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (20 percent). Exports of goods and services account for 47 percent of GDP while imports account for 43 percent, adding 4 percent of total GDP. 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.30 5.00 -5.50 1995 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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