The European Union economy expanded by 1.8 percent year-on-year in the fourth quarter of 2022, easing from a 2.5 percent growth in the previous period, but marking its seventh consecutive quarter of expansion, albeit the softest in the sequence. source: EUROSTAT
GDP Annual Growth Rate in European Union averaged 1.66 percent from 1996 until 2022, reaching an all time high of 13.80 percent in the second quarter of 2021 and a record low of -13.40 percent in the second quarter of 2020. This page provides the latest reported value for - European Union GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union GDP Annual Growth Rate - values, historical data and charts - was last updated on February of 2023.
GDP Annual Growth Rate in European Union is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP Annual Growth Rate is projected to trend around 1.50 percent in 2024 and 1.80 percent in 2025, according to our econometric models.