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.

The economy of the European Union is set to grow by 1.5 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. Malta is the country which is forecasted to grow the most in 2026, with an annual growth rate of four 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 two percent.

DG ECFIN's economic forecasts concentrate on the EU, its individual member states, and the euro area but also include outlooks for some of the world's other major economies, and countries that are candidates for EU membership.

The forecasts extend over a time horizon of at least two years and cover about 180 variables.

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2025. Economic forecasts predict that the HICP inflation rate will range between 2.2 percent and 2 percent over the year. This sustained decrease follows a downward trend that began in 2024 when inflation settled at .2.4 percent.

The Gross Domestic Product (GDP) In the Euro Area expanded 0.10 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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

According to the European Central Bank's survey of professional forecasters, the interest rate on the ECB's main refinancing operations is expected to decrease from 2.9 percent in January 2025 to 1.9 percent in 2026.

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 2022; more information can be found on DG-ECFIN website: European Economic Forecast - Spring 2022 Economic forecasts AMECO database

The Gross Domestic Product (GDP) in European Union expanded 1.60 percent in the second 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.

Statistical annexes published with DG ECFIN's macro-economic forecasts.

The statistical annex of European Economy contains the main body of macroeconomic data underlying the forecast publications of DG ECFIN. Tables are derived from AMECO, the macroeconomic working database of the Directorate General. They include long historical series and the DG's forecasts. Countries covered are EU-28, the euro area, EU Member States, candidate countries, United States and Japan.

Statistical annexes published with DG ECFIN's macro-economic forecasts.

The statistical annex of European Economy contains the main body of macroeconomic data underlying the forecast publications of DG ECFIN. Tables are derived from AMECO, the macroeconomic working database of the Directorate General. They include long historical series and the DG's forecasts. Countries covered are EU-28, the euro area, EU Member States, candidate countries, United States and Japan.

The average for 2025 based on 43 countries was 1.92 percent. The highest value was in Malta: 3.9 percent and the lowest value was in Austria: -0.26 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

According to projections by staff of the Eurosystem - the group of central banks of countries which use the Euro as their currency - the annual inflation rate of the Eurozone is set to decline sharply, halving from 5.4 percent in 2023 to 2.1 percent in 2025, with more gradual declines in 2026 and 2027. This decline in the rate of increase of the price level in the Eurozone is being driven by comparatively low inflation in energy prices, which stands in sharp contrast to the situation of the EU in 2022, when the price of energy skyrocketed due to the sanctions placed on Russia in the aftermath of the invasion of Ukraine. Food price inflation - which was a key driver of inflation in 2023, standing at over 10 percent - is also contributing to the drop in the inflation rate, as a sharp fall to 3.0 percent is forecast for 2025.

This dataset provides values for GDP GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Economic Optimism Index In the Euro Area increased to 95.50 points in September from 95.30 points in August of 2025. This dataset provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) data was reported at 19,344.280 EUR bn in 2026. This records an increase from the previous number of 18,609.820 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) data is updated yearly, averaging 11,092.835 EUR bn from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 19,344.280 EUR bn in 2026 and a record low of 5,760.100 EUR bn in 1993. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) 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: by Expenditure: Current Price: Forecast.

Since 1980, Europe's largest economies have consistently been France, Germany, Italy, Spain, and the United Kingdom, although the former Soviet Union's economy was the largest in the 1980s, and Russia's economy has been larger than Spain's since 2010. Since Soviet dissolution, Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year. Italy's economy was of a relatively similar size to that of the UK and France until the mid-2000s when it started to diverge, resulting in a difference of approximately 800 billion U.S dollars by 2018. Russia's economy had overtaken both Italy and Spain's in 2012, but has fallen since 2014 due to the drop in international oil prices and the economic sanctions imposed for its annexation of Crimea - economic growth is expected to be comparatively low in Russia in the coming years due to the economic fallout of its invasion of Ukraine in 2022. In 2025, Germany, now the world's third-largest economy, was estimated at over 4.9 trillion U.S. dollars.

European Union EU27: DG ECFIN Forecast: GDP: Imports data was reported at 9,060.846 EUR bn in 2026. This records an increase from the previous number of 8,648.635 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: GDP: Imports data is updated yearly, averaging 4,530.064 EUR bn from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 9,060.846 EUR bn in 2026 and a record low of 1,685.130 EUR bn in 1995. European Union EU27: DG ECFIN Forecast: GDP: Imports 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: by Expenditure: Current Price: Forecast.