Name: Euro Area Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Euro Area economy expanded by a record 5.3% in 2021, following a 6.4% contraction in 2020. source: EUROSTAT

Full Year GDP Growth in the Euro Area averaged 1.41 percent from 1996 until 2021, 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 May of 2022.

Full Year GDP Growth in Euro area is expected to reach 3.80 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.30	0.30	percent	Mar 2022
GDP Annual Growth Rate	5.10	4.70	percent	Mar 2022
GDP	13011.01	13406.73	USD Billion	Dec 2020
Gdp Growth Annualized	1.20	9.40	percent	Dec 2021

Euro Area Full Year GDP Growth

The Euro Area is the second largest economy in the world. Of the 19 member states it includes, the biggest are: Germany (29 percent of total GDP), France (20 percent), Italy (15 percent) and Spain (10 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (20 percent). Exports of goods and services account for 47 percent of GDP while imports account for 43 percent, adding 4 percent of total GDP.