The Euro Area economy grew 1.6 percent year-on-year in the third quarter of 2018, following a 2.2 percent expansion in the previous period, the final estimate showed. GDP Annual Growth Rate in the Euro Area averaged 1.71 percent from 1995 until 2018, 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 1.90 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 2.10 in 12 months time. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.