Name: Euro Area GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Euro Area,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The Eurozone GDP expanded 0.9% year-on-year in Q3 2024, the best performance since Q1 2023, compared to a downwardly revised 0.5% rise in Q2. GDP Annual Growth Rate in Euro Area averaged 1.61 percent from 1995 until 2024, reaching an all time high of 15.30 percent in the second quarter of 2021 and a record low of -14.00 percent in the second quarter of 2020. source: EUROSTAT

The Gross Domestic Product (GDP) In the Euro Area expanded 0.90 percent in the third quarter of 2024 over the same quarter of the previous year.

The Gross Domestic Product (GDP) In the Euro Area expanded 0.90 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Euro Area is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 1.50 percent in 2025 and 1.60 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	0.40	3.40	percent	Dec 2023
GDP Growth Rate YoY	0.90	0.50	percent	Sep 2024
GDP Constant Prices	3020852.80	3008516.90	EUR Million	Sep 2024
GDP Growth Annualized	0.40	0.20	percent	Sep 2024
GDP Growth Rate	0.40	0.20	percent	Sep 2024
Gross Fixed Capital Formation	623661.50	611192.60	EUR Billion	Sep 2024

Euro Area GDP Annual Growth Rate

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.