The Euro Area economy advanced 2.2% on quarter in the three months to September 2021, following a 2.1% growth in the previous period, and matching initial estimates. The economy continued to recover from the coronavirus hit and Austria (3.3%), France (3%) and Portugal (2.9%) recorded the biggest expansions. The German GDP grew 1.8% and Italy 2.6%. The Euro Area economy is expected to grow 5% this year, according to the most recent forecasts from the European Commission although high energy prices, rising inflation, persistent supply constraints and an eventual increase in coronavirus cases continue to threat the recovery. source: EUROSTAT

GDP Growth Rate in the Euro Area averaged 0.37 percent from 1995 until 2021, reaching an all time high of 12.60 percent in the third quarter of 2020 and a record low of -11.70 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 November of 2021.

GDP Growth Rate in Euro Area is expected to be 1.50 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 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Euro Area GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 09:00 AM QoQ Flash Q3 2.2% 2.1% 2% 2%
2021-11-16 10:00 AM QoQ 2nd Est Q3 2.2% 2.1% 2.2% 2.2%
2021-12-07 10:00 AM QoQ 3rd Est Q3 2.1%


Related Last Previous Unit Reference
GDP Growth Rate 2.20 2.10 percent Sep/21
GDP Annual Growth Rate 3.70 14.20 percent Sep/21
GDP Constant Prices 2836.10 2774.75 EUR Billion Sep/21
Gross Fixed Capital Formation 598.98 588.80 EUR Billion Jun/21
Gdp Growth Annualized 9.20 -1.10 percent Jun/21

News Stream
Euro Area GDP Growth Unrevised at 2.2%
The Euro Area economy advanced 2.2% on quarter in the three months to September 2021, following a 2.1% growth in the previous period, and matching initial estimates. The economy continued to recover from the coronavirus hit and Austria (3.3%), France (3%) and Portugal (2.9%) recorded the biggest expansions. The German GDP grew 1.8% and Italy 2.6%. The Euro Area economy is expected to grow 5% this year, according to the most recent forecasts from the European Commission although high energy prices, rising inflation, persistent supply constraints and an eventual increase in coronavirus cases continue to threat the recovery.
2021-11-16
Eurozone Q3 GDP Growth Stronger than Forecast
The Euro Area economy expanded by 2.2 percent on quarter in the three months to September 2021, following a downwardly revised 2.1 percent growth in the previous period and slightly beating market expectations of 2.0 percent, a preliminary estimate showed. Growth was mainly supported by strong domestic demand and exports, while supply chain disruptions, shortages of raw materials, and rising consumer prices weighed on the recovery. Among the bloc's biggest economies, France posted the fastest pace of expansion, advancing by 3.0 percent in the third quarter, followed by Italy (2.6 percent), Spain (2.0 percent), and Germany (1.8 percent). On a yearly basis, the Euro Area economy grew by 3.7 percent, slightly above forecasts of 3.5 percent.
2021-10-29
Eurozone Q2 GDP Growth Revised Higher to 2.2%
The Eurozone quarterly economic growth was revised higher to 2.2 percent in the second quarter of 2021, a solid rebound following two consecutive periods of contraction, amid a recovery in activity and domestic demand due to the reopening of the bloc's economies, helped by the rapid pace of COVID-19 vaccination. Household consumption jumped 3.7 percent (vs -2.1 percent in Q1) and fixed investment rose 1.1 percent (vs -0.2 percent in Q1). In addition, public spending advanced 1.2 percent (vs -0.5 percent in Q1), while net trade made no contribution to the GDP growth as exports grew nearly at the same pace as imports. Changes in inventories, however, subtracted 0.2 percentage points from the GDP. On a yearly basis, the economy expanded 14.3 percent, the most on record, reflecting a low base year due to the pandemic.
2021-09-07

Euro Area GDP Growth Rate
The Euro Area is an economic and monetary union of 19 European countries that adopted the euro as their currency. It is the second largest economy in the world and if it was a country it would be the third most populous with 341 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 20 percent, 15 percent and 10 percent of the bloc’s GDP.