The Gross Domestic Product (GDP) in European Union expanded 0.50 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in European Union averaged 0.44 percent from 1995 until 2019, reaching an all time high of 1.30 percent in the fourth quarter of 1999 and a record low of -2.70 percent in the first quarter of 2009.

GDP Growth Rate in European Union is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in European Union to stand at 0.50 in 12 months time. In the long-term, the European Union GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

European Union GDP Growth Rate
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European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.50 1.50 4.50 -5.40 percent [+]
GDP 17277.70 16491.86 19137.01 359.03 USD Billion [+]
Gross Fixed Capital Formation 778314.50 787810.10 787810.10 502889.30 EUR Million [+]
GDP Constant Prices 3658722.00 3640884.00 3658722.00 2401552.00 EUR Million [+]
GDP Growth Rate 0.50 0.30 1.30 -2.70 percent [+]
GDP Per Capita 36593.03 35809.95 36593.03 10056.66 USD [+]
GDP Per Capita Ppp 37204.61 36357.07 37204.61 24875.04 USD [+]


European Union GDP Growth Rate

Since July 1, 2013, with the addition of Croatia, the EU has 28 Member States. Among them, the biggest economies are Germany (21 percent of total GDP); the United Kingdom (15 percent); France (15 percent); Italy (11 percent); and Spain (8 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (20 percent). Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 percent of total GDP. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 1.30 -2.70 1995 - 2019 percent Quarterly
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Country Last Previous
United States 3.20 Mar/19
Singapore 2.00 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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