The Eurozone economy grew by 3.5 percent in 2022, easing from a 5.3 expansion in 2021, as sky-high energy costs due to the war in Ukraine, waning confidence and rising interest rates took a toll on the bloc. source: EUROSTAT
Full Year GDP Growth in Euro area averaged 1.49 percent from 1996 until 2022, reaching an all time high of 5.30 percent in 2021 and a record low of -6.40 percent in 2020. This page includes a chart with historical data for Euro Area Full Year GDP Growth. Euro Area Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Full Year GDP Growth in Euro area is expected to reach 0.60 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Full Year GDP Growth is projected to trend around 1.50 percent in 2024 and 3.40 percent in 2025, according to our econometric models.