The Euro Area economy expanded 0.3% on quarter in the first three months of 2022, slightly higher than initial estimates of a 0.2% rise, and matching the growth of the previous quarter. Among the biggest economies, Germany expanded 0.2% and Spain 0.3% while France GDP growth stalled and Italy shrank 0.2%. Compared to the previous year, the GDP grew 5.1%, also above 5% in the preliminary estimate and 4.7% in Q4. Still, the economic outlook for the Euro Area is subdued as the war in Ukraine is far from over and continues to exert further upward pressures on commodity prices, causing renewed supply disruptions and increasing uncertainty. The European Commission expects the Euro Area GDP growth at 2.7% for 2022. source: EUROSTAT
GDP Growth Rate in the Euro Area averaged 0.37 percent from 1995 until 2022, reaching an all time high of 12.60 percent in the third quarter of 2020 and a record low of -11.60 percent in the second quarter of 2020. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
GDP Growth Rate in Euro Area is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area GDP Growth Rate is projected to trend around 0.40 percent in 2023 and 0.30 percent in 2024, according to our econometric models.