The economy of the European Union is set to grow by *** percent in 2026, according to forecasts by the European Commission. This marks a significant slowdown compared to previous years, when the EU member states grew quickly in the aftermath of the COVID pandemic. ***** is the country which is forecasted to grow the most in 2026, with an annual growth rate of **** percent. Many of Europe's largest economies, on the other hand, are set to experiencing slow growth or stagnation, with Germany, France, and Italy growing below *** percent.

Economic Optimism Index in European Union increased to 96.80 points in November from 96.60 points in October of 2025. This dataset provides - European Union Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows gross domestic product (GDP) of the European Union from 2020 to 2030 in billion international dollars. In 2024, the EU's GDP amounted to about 19.41 trillion U.S. dollars. Brexit and the economy of the European Union The European Union is still recovering from the crisis in 2008, but it is by no means making an impressive comeback and 2016 has not started out on the right foot either. Total GDP of the European Union staggered in 2012 and even moreso in 2015. Recent events are also bound to reduce consumer confidence and drag down growth. The year began with the economic slowdown in China and has continued on with the United Kingdom’s decision to leave the European Union. The long term effects this decision is expected to have have an overall negative effect on GDP growth within the European Union. However, the effects will likely hit the UK and Ireland more so. By 2030, it is expected that the GDP growth of the European Union will be negative at around minus 0.36 percent. Even considering an optimistic scenario, GDP of the UK is expected to decrease by 2.72 percent by 2030, as well - a pessimistic forecast even reducing GDP growth to a 7.7 percent decrease. Yet, it is still too early to tell how Brexit will play out in reality, but it will almost certainly impact current future projections of GDP growth in the European Union and the Euro Area.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

The AMECO database is compiled by the DG-ECFIN in the European Commission. It contains annual macro-economic time series submitted by the Member States and “filtered” by the Commission. These data are used in the forecast exercises done two times per year (Spring and Autumn). It is the official source for some variables, especially those related to public finances. Since 2018 there is only a limited interim forecast concerning GDP growth and inflation and as coincidence the Winter forecast data will not be introduced in AMECO anymore. Current vintage: Spring 2025; more information can be found on DG-ECFIN website:

European Economic Forecast - Spring 2025 Economic forecasts AMECO database

The NextGenerationEU economic stimulus is set to boost the European economy in the aftermath of the COVID-19 pandemic. The plans for NextGenEU were created in 2020, during the height of the Coronavirus crisis, with all member states of the European Union experiencing drastic reductions in their GDPs. The stimulus packages were decided upon by the institutions of the EU along with the member states, who were required to draw up national recovery & resilience plans outlining how they would allocate the funds, with the aim of boosting the long-term growth of the European economy in a sustainable and ecological way.

The economic stimulus is set to boost the overall GDP growth of the EU by between 0.6 percent and 1.5 percent depending on the year and the forecasted scenario. Forecasts which operate under the assumption that member states will spend their allocated funds early in the period of 2021-2026 (the period over which NGEU is set to run) show a rapid increase in GDP growth over the years from 2022 to 2024, after which growth increases will be more moderate. On the other hand, forecasts which assume that member states will spend funds equally across the years 2021-2026 show a less pronounced spike in growth, but which results in a higher rate of growth in the latter half of the 2020s, after the programs' implementation periods are finished.

The Gross Domestic Product (GDP) in European Union expanded 1.60 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - European Union GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Christodoulakis and Mamatzakis (2009, Journal of Applied Econometrics 24, pp. 583-606) estimate the EU Commission loss preferences for selected economic forecasts of 12 EU Member States. They employ the generalized method of moments (GMM) estimation procedure proposed by Elliott et al. (2005, Review of Economic Studies 72, pp. 1107-1125) and find the forecasts to be somewhat optimistic on average. However, this note shows the GMM estimator to possess nonstandard limiting distributions when some of the instruments are highly persistent, which is the case with one of the instruments employed by Christodoulakis and Mamatzakis. Standard distributions are recovered in some interesting particular cases which are relevant in practice. A reexamination of the EU Commission loss preferences using methods robust to persistence and a dataset extended to 2017 reveals that, while the conclusions of the original study are, by and large, still justified, the EU Commission loss preferences have become more symmetric over the whole studied period.

According to projections by a range of economic institutions, the economy of the Euro currency area is forecast to grow by between 0.5 percent and 1.2 percent in 2024. The Eurozone saw slow growth in 2023, when it grew by 0.7 percent - albeit this was significantly better than many economic forecasts which predicted a recession in the EU in that year. Across all the forecasts included, growth is expected to pick up in 2025, when the Eurozone's economy is expected to grow between 1.4 and 1.8 percent.

Economic Optimism Index In the Euro Area increased to 97 points in November from 96.80 points in October of 2025. This dataset provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in European Union decreased to -13.60 points in November from -13.50 points in October of 2025. This dataset provides the latest reported value for - European Union Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data was reported at 15,872.290 EUR bn in 2026. This records an increase from the previous number of 15,242.710 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data is updated yearly, averaging 9,257.150 EUR bn from Dec 1995 (Median) to 2026, with 31 observations. The data reached an all-time high of 15,872.290 EUR bn in 2026 and a record low of 5,332.410 EUR bn in 1995. European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP: Gross National Income: Current Price: Forecast.

With most EU Member States participating in the Economic and Monetary Union (EMU), infra-annual economic statistics for the euro area and the European Union as a whole are of great importance for collective and private decision-making. The momentum of the EU economies, in particular the euro area economy, has to be assessed continuously.

The special domain of ‘Euro-indicators and Principal European Economic Indicators (PEEIs)’ is dedicated to infra-annual economic statistics such as consumer prices, national accounts, balance of payments, external trade, industry, trade and services, labour market, as well as a selection of monetary and financial indicators of the European Central Bank (ECB) and business and consumer survey results from the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN).

A dedicated section on Eurostat’s website provides more information about the domain and gives access to the related datasets in Eurostat’s online database. Data are available for the euro area, the European Union and for individual countries.

There are nine topics within the domain, each one of which has specific metadata:

• Balance of payments: ei_bp_esms
• Business and consumers surveys: ei_bcs_esms
• Consumer prices: ei_cp_esms
• Housing prices: prc_hpi_inx_esms (metadata of the source dataset)
• Industry, trade and services: ei_is_esms
• International trade: ei_et_esms
• Labour market: une_rt_m_esms, lci_esms, jvs_esms (metadata of the source dataset)
• Monetary and financial indicators: ei_mf_esms
• National accounts: ei_qna_esms

With the exception of the results from business and consumer surveys, all Euro indicators and PEEIs are based on other datasets of Eurostat. The metadata files per topic contain links to the metadata files of the source datasets.

View monthly updates and historical trends for European Union Consumer Goods Selling Price Expectations. Source: European Commission. Track economic data …

The Gross Domestic Product (GDP) in European Union was worth 19423.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of European Union represents 18.29 percent of the world economy. This dataset provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about European Union Real GDP Growth

• The Gross Domestic Product (GDP) in European Union expanded 1.3 % YoY in Mar 2023, following a growth of 1.7 % in the previous quarter.
• Real GDP Growth YoY data in EU is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 2.0 %.
• The data reached an all-time high of 13.8 % in Jun 2021 and a record low of -13.4 % in Jun 2020.

• In the latest reports, Nominal GDP of EU reached 4,140.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.1 % in Dec 2022.
• GDP Per Capita in EU reached 38,454.2 USD in Dec 2021.
• Its Gross Savings Rate was measured at 25.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 24.2 % in Dec 2022.
• Public Consumption accounted for 22.3 % in Dec 2022.
• Private Consumption accounted for 51.9 % in Dec 2022.

Five monthly confidence indicators for the sectors industry, services, retail trade, construction and consumers are produced by the Directorate General for Economic and Financial Affairs (DG ECFIN) of the European Commission to reflect economic perceptions and expectations. The surveys are implemented in the European Union (EU) and in the candidate countries, and addressed to representatives of the industry (manufacturing), services, retail trade and construction sectors, as well as to consumers. Confidence indicators are produced as arithmetic average of the (seasonally adjusted) balances of answers to selected questions chosen from the whole set of questions in each individual survey; balances series are the difference between positive and negative answering options, measured as percentage points of total answers. Monthly confidence indicators are produced monthly at country, EU and euro area level for all sectors but financial services, which covers the EU and the euro area only. Data are seasonally adjusted (SA). For more details on the methods used by DG ECFIN in the computation of confidence indicators, please refer to the user guide of The Joint Harmonised EU Programme of Business and Consumer Surveys. Source: DG ECFIN

In 2023, the gross domestic product in the European Union grew by 0.8 percent, as economic stagnation and high inflation caused by the Russia-Ukraine war impacted European economies. The European Commission forecasts that the European economy will have grown by 0.9 percent in 2024, continuing the trend registered in the previous year. This represents slow economic growth after the post-pandemic resurgence, yet avoids the recession many commentators warned the EU might slip into. Growth is forecast to increase again in 2025, climbing to 1.5 percent—a figure considered low by historical EU standards, excluding periods of economic crisis.

Consumer Confidence In the Euro Area remained unchanged at -14.20 points in November. This dataset provides the latest reported value for - Euro Area Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence in European Union decreased to -9.80 points in November from -9.10 points in October of 2025. This dataset provides the latest reported value for - European Union Economic Sentiment Indicator - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.