The European Union economy grew an annualized 54.8 percent in the third quarter of 2020, the most on record, recovering from a historical slump of 38.2 percent in the previous period due to the coronavirus crisis.

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European Union Gdp Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
54.80 -38.20 54.80 -38.20 1995 - 2020 Monthly

European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -4.20 -13.90 4.50 -13.90 percent [+]
GDP 15592.80 15932.00 16236.80 503.70 USD Billion [+]
Gross Fixed Capital Formation 678.42 607.33 747.50 444.86 EUR Billion [+]
GDP Constant Prices 3188.71 2858.59 3333.79 2188.04 EUR Billion [+]
GDP Growth Rate 11.50 -11.30 11.50 -11.30 percent [+]
Gdp Growth Annualized 54.80 -38.20 54.80 -38.20 [+]
GDP Per Capita 37104.00 36607.50 37104.00 10071.50 USD [+]
GDP Per Capita Ppp 44369.60 43711.30 44369.60 28596.70 USD [+]