Euro Area GDP Growth Rate

Last Release

Dec 31, 2024

Actual

Units In

0.4

Frequency

Quarterly

Next Release

May 15, 2025

Time to Release

14 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
12.6 Sep 2020	-11.7 Jun 2020	0.36 %	1995-2024	Eurostat

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 economy grew by 0.4% in the first quarter of 2025, accelerating from 0.2% in the previous quarter and exceeding market expectations of 0.2%, according to a preliminary estimate. The pickup was supported by stronger domestic demand, driven by easing inflation, lower borrowing costs, renewed optimism following Germany's agreement to loosen fiscal constraints, and expectations of increased defense spending in the coming months. These developments helped offset persistent concerns over volatile U.S. tariff policies. However, economic momentum may soften in the months ahead, as the implementation of new U.S. duties begins to weigh on EU exports, while heightened uncertainty dampens investment and household consumption. Among major economies, Germany expanded by 0.2%, while Spain and Italy outperformed with growth rates of 0.6% and 0.3%, respectively. In contrast, France and the Netherlands recorded more modest growth, both at just 0.1%.