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The Euro Area economy expanded 4.1% year-on-year in the second quarter of 2022, higher than 3.9% in the second estimate, but still pointing to the slowest growth in three quarter. source: EUROSTAT

GDP Annual Growth Rate in the Euro Area averaged 1.59 percent from 1995 until 2022, reaching an all time high of 14.60 percent in the second quarter of 2021 and a record low of -14.60 percent in the second quarter of 2020. This page provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Annual Growth Rate in Euro Area is expected to be 1.00 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the Euro Area GDP Annual Growth Rate is projected to trend around 2.40 percent in 2023 and 2.20 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.80	0.70	percent	Jun 2022
GDP Annual Growth Rate	4.10	5.40	percent	Jun 2022
GDP Constant Prices	2902.00	2879.79	EUR Billion	Jun 2022
Gross Fixed Capital Formation	622.52	616.94	EUR Billion	Jun 2022
Full Year GDP Growth	5.30	-6.40	percent	Dec 2021
GDP Growth Annualized	1.20	9.40	percent	Dec 2021

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.