Euro Area GDP Growth Rate 1995-2014 | Data | Chart | Calendar | Forecast
The Gross Domestic Product (GDP) In the Euro Area expanded 0.20 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in the Euro Area averaged 0.35 Percent from 1995 until 2014, reaching an all time high of 1.30 Percent in the second quarter of 1997 and a record low of -2.80 Percent in the first quarter of 2009. GDP Growth Rate in the Euro Area is reported by the Eurostat.
Euro Area GDP Growth Above Expectations
The Eurozone economy advanced 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Preliminary figures came in better than expected, as GDP accelerated in France and Germany avoided recession.
Among Euro Area member states, Greece recorded the highest growth rate (0.7 percent), followed by Slovakia (0.6 percent), Spain (0.5 percent), Latvia (0.4 percent) and France (0.3 percent). Belgium, Portugal, the Netherlands, Estonia and Finland expanded 0.2 percent each and Germany advanced 0.1 percent. Austria showed no growth and Italy and Cyprus contracted by 0.1 percent and 0.4 percent, respectively.
In the European Union (EU28), seasonally adjusted GDP rose by 0.3 percent, up from 0.2 percent expansion reported in previous quarter.
Compared with the same quarter of the previous year, the GDP rose by 0.8 percent in the Euro Area and by 1.3 percent in the EU 28, after +0.8 percent and +1.3 percent respectively in the previous quarter.
Euro Area GDP Growth Revised Up
The Eurozone economy advanced 0.1 percent in the second quarter of 2014, stronger than previously estimated and due to changes in the GDP calculating methods introduced by the Eurostat. Annual growth figures were also revised upwards. Published on 2014-10-17
Euro Area Economy Stalls in Q2
Euro Area seasonally adjusted GDP stagnated in the April to June period, according to second estimates released by Eurostat and matching the advance figures. A rise in household consumption was not enough to offset falling investment and inventories. In the EU 28 the GDP rose by 0.2 percent. Published on 2014-09-05