Euro Area GDP Growth Rate 1995-2017 | Data | Chart | Calendar | Forecast

The Eurozone economy expanded 0.6 percent on quarter in the three months to September of 2017, in line with the second estimate and following a 0.7 percent advance in the previous period. Growth was mainly boosted by household consumption, fixed investment and exports. Among Eurozone's largest economies, GDP growth eased slightly in France and Spain; and picked up in Germany and Italy. GDP Growth Rate in the Euro Area averaged 0.38 percent from 1995 until 2017, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -2.90 percent in the first quarter of 2009.

Euro Area GDP Growth Rate
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Eurozone Q3 GDP Growth Confirmed at 0.6%


The Eurozone economy expanded 0.6 percent on quarter in the three months to September of 2017, in line with the second estimate and following a 0.7 percent advance in the previous period. Growth was mainly boosted by household consumption, fixed investment and exports. Among Eurozone's largest economies, GDP growth eased slightly in France and Spain; and picked up in Germany and Italy.

From the expenditure side, the positive contribution to GDP came mainly from household final consumption expenditure (0.2 percentage points), gross fixed capital formation (0.2 percentage points) and changes in inventories (0.1 percentage points). Also, the contribution of the external balance to GDP growth was slightly positive while that of government spending was neutral.

Household consumption went up 0.3 percent (0.5 percent in Q2), gross fixed capital formation jumped by 1.1 percent (2.2 percent in Q2) and government spending advanced by 0.2 percent (0.3 percent in Q2). In addition, exports rose 1.2 percent (1 percent in Q2) and imports went up at a slower 1.1 percent (1.7 percent in Q2).

From the production side, industry grew by 1.3 percent (1 percent in Q2), boosted by manufacturing (1.5 percent from 0.9 percent in Q2). Also, construction advanced by 0.4 percent (0.7 percent in Q2). Among services, output rose for: trade, transport, accommodation and food service activities (0.6 percent from 0.7 percent in Q2); information and communication (0.8 percent from 1 percent in Q2); financial and insurance activities (0.1 percent from 0.5 percent in Q2); real estate activities (0.5 percent from 0.2 percent in Q2); professional and support service activities (0.7 percent from 0.9 percent in Q2); administration and other public services (0.4 percent from 0.5 percent in Q2); and arts, entertainment and other services (0.6 percent from 0.5 percent in Q2). By contrast, agriculture, forestry and fishing continued to contract (-0.2 percent from -0.5 percent in Q2).

Among countries for which data is already available, GDP expanded at a slower pace in France (0.5 percent from 0.6 percent in Q2), Spain (0.8 percent from 0.9 percent), the Netherlands (0.4 percent from 1.5 percent), Finland (0.4 percent from 0.8 percent), Belgium (0.3 percent from 0.5 percent), Greece (0.3 percent from 0.8 percent), Cyprus (0.9 percent from 1 percent), Malta (1.9 percent from 2.1 percent), Estonia (0.3 percent from 1.3 percent), Lithuania (0.1 percent from 0.6 percent), Slovakia (0.8 percent from 0.9 percent), and Slovenia (1 percent from 1.2 percent). Meanwhile, GDP growth was unchanged in Austria (at 0.8 percent) and picked up in Germany (0.8 percent from 0.6 percent), Italy (0.4 percent from 0.3 percent), Latvia (1.5 percent from 1.4 percent) and Portugal (0.5 percent from 0.3 percent).

Year-on-year, the economy grew 2.6 percent, better than the second estimate of 2.5 percent and following an upwardly revised 2.4 percent expansion in the previous three-month period. It was the strongest growth rate since the first quarter of 2011.


Eurostat | Joana Ferreira |
12/7/2017 10:35:18 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-31 10:00 AM GDP Growth Rate QoQ Flash 0.6% 0.7% 0.6% 0.6%
2017-11-14 10:00 AM GDP Growth Rate QoQ 2nd Est 0.6% 0.7% 0.6% 0.6%
2017-12-07 10:00 AM GDP Growth Rate QoQ 3rd Est 0.6% 0.7% 0.6% 0.6%
2018-01-30 10:00 AM GDP Growth Rate QoQ Flash 0.6%
2018-02-14 10:00 AM GDP Growth Rate QoQ 2nd Est 0.6%
2018-03-07 10:00 AM GDP Growth Rate QoQ 3rd Est 0.6%


Euro Area GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 1.30 -2.90 percent [+]
GDP Annual Growth Rate 2.60 2.40 5.00 -5.50 percent [+]
GDP 11885.66 11616.14 14115.37 245.39 USD Billion [+]
GDP Constant Prices 2592.38 2576.75 2592.38 1769.22 EUR Billion [+]
Gross Fixed Capital Formation 542.77 537.04 571.38 381.52 EUR Billion [+]
GDP per capita 39105.31 38588.04 39105.31 10807.49 USD [+]
GDP per capita PPP 38234.81 37722.05 38234.81 28125.52 USD [+]


Euro Area GDP Growth Rate

The Euro Area is an economic and monetary union of 19 European Union 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 fourth most populous with 340 million inhabitants. Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 21 percent, 16 percent and 11 percent of Union’s GDP. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 1.30 -2.90 1995 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17