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Euro Area GDP Growth Rate

Last Release
Jun 2021
Actual
2.2 %
Forecast
N/A
Previous
-0.3 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
12.5 %
Sep 2020
-11.7 %
Jun 2020
0.35 %1995 - 2021Eurostat
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.

Latest Updates

The Eurozone quarterly economic growth was revised higher to 2.2 percent in the second quarter of 2021, a solid rebound following two consecutive periods of contraction, amid a recovery in activity and domestic demand due to the reopening of the bloc's economies, helped by the rapid pace of COVID-19 vaccination. Household consumption jumped 3.7 percent (vs -2.1 percent in Q1) and fixed investment rose 1.1 percent (vs -0.2 percent in Q1). In addition, public spending advanced 1.2 percent (vs -0.5 percent in Q1), while net trade made no contribution to the GDP growth as exports grew nearly at the same pace as imports. Changes in inventories, however, subtracted 0.2 percentage points from the GDP. On a yearly basis, the economy expanded 14.3 percent, the most on record, reflecting a low base year due to the pandemic.

Euro Area GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 7, 202109:18Eurozone Q2 GDP Growth Revised Higher to 2.2%
Aug 17, 202109:12Eurozone Q2 GDP Growth Confirmed at 2%
Jul 30, 202109:07Eurozone Economic Recovery Beats Expectations
Dec 5, 201911:23Eurozone Q3 GDP Growth Confirmed at 0.2%
Nov 14, 201910:30Eurozone Q3 GDP Growth Confirmed at 0.2%
Oct 31, 201911:27Eurozone GDP Growth Slightly Above Forecast
Sep 6, 201909:31Eurozone Q2 GDP Growth Confirmed at 0.2%
DATETIMEEVENTActual
Oct 30, 202010:00GDP Growth Rate QoQ Flash12.7 %
Aug 14, 202009:00GDP Growth Rate QoQ 2nd Est-12.1 %
Jul 31, 202009:00GDP Growth Rate QoQ Flash-12.1 %
May 15, 202009:00GDP Growth Rate QoQ 2nd Est-3.8 %
Apr 30, 202009:00GDP Growth Rate QoQ Flash-3.8 %
Mar 10, 202010:00GDP Growth Rate QoQ 3rd Est0.1 %
Feb 14, 202010:00GDP Growth Rate QoQ 2nd Est0.1 %

Euro Area gdp Indicators

All Euro Area indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
12,933.36
Dec 2020
13,363.55
Dec 2019
245.46
Dec 1960
14,124.88
Dec 2008
USD BillionYearly1960 - 2020
GDP Annual Growth Rate
14.3
Jun 2021
-1.2
Mar 2021
-14.7
Jun 2020
14.3
Jun 2021
%Quarterly1995 - 2021
GDP Constant Prices
2,777.14
Jun 2021
2,716.6
Mar 2021
1,879.59
Mar 1995
2,844.44
Dec 2019
EUR BillionQuarterly1995 - 2021
GDP Growth Rate
2.2
Jun 2021
-0.3
Mar 2021
-11.7
Jun 2020
12.5
Sep 2020
%Quarterly1995 - 2021
GDP per capita
38,543.24
Dec 2020
41,376.16
Dec 2019
10,826.5
Dec 1960
41,376.16
Dec 2019
USDYearly1960 - 2020
GDP per capita PPP
43,681.04
Dec 2020
46,913.55
Dec 2019
28,133
Dec 1990
46,913.55
Dec 2019
USDYearly1990 - 2020

GDP Growth Rate across Europe

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
2.3
Mar 2021
1.2
Dec 2020
-8.8
Jun 2020
9.8
Sep 2020
%Quarterly2005 - 2021
Austria
3.6
Jun 2021
-0.2
Mar 2021
-11.6
Jun 2020
12
Sep 2020
%Quarterly1996 - 2021
Belgium
1.7
Jun 2021
1.1
Mar 2021
-11.8
Jun 2020
15.8
Mar 1995
%Quarterly1980 - 2021
Bosnia and Herzegovina
4.6
Mar 2021
3
Dec 2020
-10.5
Jun 2020
6
Dec 2010
%Quarterly2009 - 2021
Czech Republic
1
Jun 2021
-0.3
Mar 2021
-8.7
Jun 2020
7.1
Sep 2020
%Quarterly1995 - 2021
Denmark
2.3
Jun 2021
-0.9
Mar 2021
-7.1
Jun 2020
5.2
Sep 2020
%Quarterly1991 - 2021

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