The Gross Domestic Product (GDP) in European Union contracted 1.20 percent in the first quarter of 2021 over the same quarter of the previous year. source: EUROSTAT
GDP Annual Growth Rate in European Union averaged 1.38 percent from 1996 until 2021, reaching an all time high of 4.50 percent in the second quarter of 2000 and a record low of -13.80 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 July of 2021.
GDP Annual Growth Rate in European Union is expected to be 12.80 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 European Union to stand at 3.40 in 12 months time. In the long-term, the European Union GDP Annual Growth Rate is projected to trend around 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.