Euro Area GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

0.9

Units In

0.9

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
14.4 Jun 2021	-14.5 Jun 2020	1.53 %	1995-2024	Eurostat

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.

Latest Updates

The Eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter’s pace and surpassing market expectations for a 1% expansion, a flash estimate showed. Among the Eurozone's largest economies, Germany remained in recession, with GDP contracting by 0.2% year-on-year in Q1. Meanwhile, France and Italy posted modest growth of 0.8% and 0.6%, respectively, while Spain outpaced its peers with a strong 2.8% expansion.