The Eurozone economy expanded 2.1% year-on-year in the three months to September of 2022, in line with the first estimate. It marks a sixth straight quarter of expansion, but the weakest in the current sequence. Considering full 2022, the Euro Area GDP is expected to expand 3.2%, according to the latest European Commission Autumn forecasts. source: EUROSTAT

GDP Annual Growth Rate in Euro Area averaged 1.61 percent from 1995 until 2022, reaching an all time high of 14.20 percent in the second quarter of 2021 and a record low of -14.20 percent in the second quarter of 2020. This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

GDP Annual Growth Rate in Euro Area is expected to be 0.30 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 Annual Growth Rate is projected to trend around -0.60 percent in 2023 and 1.20 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Euro Area GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 10:00 AM YoY Flash Q3 2.1% 4.3% 2.1% 2.5%
2022-11-15 10:00 AM YoY 2nd Est Q3 2.1% 4.3% 2.1% 2.1%
2022-12-07 10:00 AM YoY 3rd Est Q3 4.3% 2.1% 2.1%


Related Last Previous Unit Reference
GDP Growth Rate 0.20 0.80 percent Sep 2022
GDP Annual Growth Rate 2.10 4.30 percent Sep 2022
GDP Constant Prices 2909.59 2902.00 EUR Billion Sep 2022
Gross Fixed Capital Formation 622.52 616.94 EUR Billion Jun 2022
Full Year GDP Growth 5.30 -6.40 percent Dec 2021
GDP Growth Annualized 0.80 0.70 percent Jun 2022

Euro Area GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 4.30 14.20 -14.20 1995 - 2022 percent Quarterly