The European Union economy grew by 0.3 percent on quarter in the third quarter of 2022, following a 0.7 percent expansion in the previous three-month period. source: EUROSTAT
GDP Growth Rate in European Union averaged 0.42 percent from 1995 until 2022, reaching an all time high of 11.50 percent in the third quarter of 2020 and a record low of -11.10 percent in the second quarter of 2020. This page provides the latest reported value for - European Union GDP 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 Growth Rate - values, historical data and charts - was last updated on January of 2023.
GDP Growth Rate in European Union is expected to be -0.20 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 Growth Rate is projected to trend around 0.30 percent in 2024 and 0.40 percent in 2025, according to our econometric models.