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.

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Euro Area GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 09:00 AM QoQ Flash Q1 0.2% 0.3% 0.3% 0.2%
2022-05-17 09:00 AM QoQ 2nd Est Q1 0.3% 0.3% 0.2% 0.2%
2022-06-08 09:00 AM QoQ 3rd Est Q1 0.3% 0.3%


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 Constant Prices 2862.02 2854.89 EUR Billion Mar 2022
Gross Fixed Capital Formation 616.83 595.74 EUR Billion Dec 2021
Full Year GDP Growth 5.30 -6.40 percent Dec 2021
Gdp Growth Annualized 1.20 9.40 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 12.60 -11.60 1995 - 2022 percent Quarterly
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News Stream
Euro Area GDP Growth Revised Slightly Higher in Q1
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.
2022-05-17
Eurozone GDP Growth Slows More than Expected
The Euro Area economy expanded by 0.2 percent on quarter in the first three months of 2022, the least since the bloc exited a recession last year and below market expectations of a 0.3 percent advance. Growth in Spain (0.3 percent) and Germany (0.2 percent) more than offset a contraction in Italy (-0.2 percent) while the French economy stalled. Preliminary Eurostat data indicated the war and related commodity price spikes cut growth by 0.1 percentage points, as the European Commission forecast just before the Russian invasion that growth would be 0.3 percent quarter-on-quarter. Year-on-year, the GDP expanded 5 percent, accelerating from an upwardly 4.7 percent increase in Q4 and matching forecasts.
2022-04-29
Euro Area GDP Growth Rate Confirmed at 0.3%
The Eurozone economy expanded 0.3% on quarter in the last three months of 2021, the same as in the previous estimates, driven by gross fixed capital formation (3.5%) and government spending (0.5%) while household consumption declined 0.6% and the contribution from net trade was negative as exports (2.9%) rose less than imports (4.6%). Still, it is the slowest growth in three quarters, as the omicron coronavirus variant spread across the European continent later in the year, and restrictions hurt the services sector and labour shortages persisted due to illness or quarantine rules. Considering full 2021, the Euro Area economy advanced 5.3%, following a 6.4% contraction in 2020.
2022-03-08