Euro Area GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

1.2

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 %	1995-2025	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 Euro Area economy expanded 1.5% year-on-year in the first quarter of 2025, higher than 1.2% in the previous estimates, and the strongest annual performance since Q4 2022. It follows a 1.2% rise in Q4 2024. Gross fixed capital formation rebounded (1.9% vs -1.8%) and both exports (2.3% vs 1.2%) and imports (3.3% vs 1.3%) rose faster. In contrast, a small slowdown was seen for household (1.3% vs 1.6%) and government (2.1% vs 2.4%) spending. Among the bloc's largest economies, the German GDP stalled, but expansions were recorded in France (0.6%), Italy (0.7%), Spain (2.8%), and Netherlands (2%).