The Eurozone annual economic growth was confirmed at 1.2 percent in the third quarter of 2019, the same as in the previous three-month period, the final estimate showed.

GDP Annual Growth Rate in the Euro Area averaged 1.69 percent from 1995 until 2019, reaching an all time high of 5 percent in the first quarter of 1995 and a record low of -5.70 percent in the first quarter of 2009. This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Eurostat

GDP Annual Growth Rate in Euro Area is expected to be 0.90 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 1.10 in 12 months time. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.


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Euro Area GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.20 5.00 -5.70 1995 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
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 1.1% 1.2% 1.1% 1.1%
2019-11-14 10:00 AM GDP Growth Rate YoY 2nd Est Q3 1.2% 1.2% 1.1% 1.1%
2019-12-05 10:00 AM GDP Growth Rate YoY 3rd Est Q3 1.2% 1.2% 1.2% 1.2%
2020-01-31 10:00 AM GDP Growth Rate YoY Flash Q4 1.2% 1.1% 1.0%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-05-07
EU Cuts 2019 Growth Forecast
The European Commission cut its Eurozone growth forecast for this year to 1.2 percent from 1.3 percent in February's prediction, citing tightened global financing conditions, unresolved trade tensions, disruptions in the car manufacturing sector, social tensions, as well as uncertainty related to Brexit. Among the bloc's largest economies, Germany suffered the biggest cut with EU officials saying the country is likely to grow by only 0.5 percent in 2019 against 1.1 percent previously estimated. Projections for Italy were also trimmed (0.1 percent vs 0.2 percent previously) while those for France and Spain were unchanged at 1.3 percent and 2.1 percent respectively.

2019-02-07
EU Slashes 2019 Growth Forecasts
The European Commission cut its Eurozone growth forecast for this year to 1.3 percent Thursday from 1.9 percent in its earlier forecast last autumn, citing "large uncertainty" from Brexit negotiations, slowing growth in China and weakening global trade. Among the bloc's largest economies, Italy suffered the biggest cut, with EU officials saying the country is likely to grow by only 0.2 percent in 2019 against 1.2 percent previously estimated. Projections were also trimmed for Germany (1.1 percent vs 1.8 percent previously), France (1.3 percent vs 1.6 percent) and Spain (2.1 percent vs 2.2 percent).


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.

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 [+]