Inflation Rate In the Euro Area remained unchanged at 2 percent in July. This dataset provides the latest reported value for - Euro Area Inflation Rate - 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 Total Imports from USA

• European Union Total Imports from USA recorded 28.779 USD bn in Dec 2024, compared with 29.740 USD bn in the previous month
• European Union Total Imports from USA data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 18.013 USD bn
• The data reached an all-time high of 34.191 USD bn in Dec 2023 and a record low of 10.341 USD bn in Sep 2002

CEIC converts monthly Total Imports from USA into USD. Eurostat provides Total Imports from USA, CIF, in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

Key information about EU Current Account Balance

• European Union Current Account recorded a surplus of 133.2 USD bn in Dec 2024, compared with a surplus of 139.5 USD bn in the previous quarter.
• EU Current Account Balance: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024, with an averaged value of 30.4 USD bn.
• The data reached an all-time high of 161.3 USD bn in Sep 2017 and a record low of -77.5 USD bn in Jun 2008.
• CEIC converts quarterly Current Account Balance into USD. Eurostat provides Current Account Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.
• Foreign Direct Investment (FDI) increased by 4.8 USD bn in Nov 2024.
• EU Direct Investment Abroad expanded by 7.2 USD bn in Nov 2024.
• Its Foreign Portfolio Investment increased by 239.3 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 4,430.4 USD bn in Mar 2023.

Key information about EU's Trade Balance

• EU's Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024, compared with a surplus of 10.8 USD bn in the previous month
• EU's Trade Balance data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 5.2 USD bn
• The data reached an all-time high of 31.0 USD bn in Dec 2020 and a record low of -57.1 USD bn in Aug 2022

CEIC converts monthly Trade Balance into USD. Eurostat provides Trade Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Further information about EU's Trade Balance

• In the latest reports, EU's Total Exports reached 228.1 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)
• Total Imports recorded 214.6 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)

Key information about European Union Total Exports

• European Union Total Exports recorded 228.1 USD bn in Dec 2024, compared with 231.0 USD bn in the previous month
• EU Total Exports data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 181.3 USD bn
• The data reached an all-time high of 237.3 USD bn in Aug 2024 and a record low of 71.9 USD bn in Feb 2002

CEIC converts monthly Total Exports into USD. Eurostat provides Total Exports, FOB, in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.


Further information about European Union Total Exports

• In the latest reports, EU Total Exports grew 2.8 % YoY in Dec 2024
• Total Imports recorded 214.6 USD bn in Dec 2024, which registered an increase of 1.8 % year on year
• EU Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024

Key information about European Union National Government Debt

• European Union National Government Debt reached 16,136.9 USD bn in Sep 2024, compared with 15,321.8 USD bn in the previous quarter.
• EU National Government Debt data is updated quarterly, available from Mar 2000 to Sep 2024.
• The data reached an all-time high of 16,136.9 USD bn in Sep 2024 and a record low of 4,554.4 USD bn in Jun 2001.

CEIC converts quarterly Government Debt into USD. Eurostat provides Government Debt in EUR based on ESA 2010. The Federal Reserve Board period end market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.


Related information about European Union National Government Debt

• In the latest reports, EU Consolidated Fiscal Balance recorded a deficit equal to 3.5 % of its Nominal GDP in Dec 2023.
• The country's Government debt accounted for 81.6 % of its Nominal GDP in Sep 2024.
• EU Nominal GDP reached 4,430.4 USD bn in Mar 2023.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

Key information about European Union GDP Per Capita

• European Union Gross Domestic Product (GDP) per Capita reached 38,454.191 USD in Dec 2021, compared with 34,402.825 USD in Dec 2020.
• EU GDP Per Capita data is updated yearly, available from Dec 1999 to Dec 2021, with an average number of 33,135.176 USD.
• The data reached an all-time high of 38,454.191 USD in Dec 2021 and a record low of 16,892.743 in Dec 2000.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Eurostat provides Nominal GDP in EUR and Population. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Related information about European Union GDP Per Capita data

• In the latest reports, EU GDP expanded 1.264 % YoY in Mar 2023.
• EU Nominal GDP reached 4,140.452 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.144 % in Dec 2022.
• Gross Savings Rate of EU was measured at 25.835 % in Dec 2022.

The country with the highest minimum wage rate in Europe during the first half of 2025 was Luxembourg, with a minimum wage of 2638 euros. Ireland, the Netherlands, and Germany were the countries with the next highest minimum wages, all above 2000 euros a month, while Albania, Bulgaria, and Montenegro had the lowest minimum wages in the same period.

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

Le taux de change euro-devise nationale représente l'équivalent d'un euro exprimé dans une devise nationale. Par exemple, le taux d'exchange de l'euro vis-à-vis du dollar américain est l'équivalent d'un euro exprimé en dollars. Les données mensuelles correspondent à la moyenne des taux d'échange observés pendant les jours ouvrables. Les données sont présentées sous forme brute. Source: Banque Centrale Européenne (BCE)

Key information about European Union Total Exports to USA

• European Union Total Exports to USA recorded 47.558 USD bn in Dec 2024, compared with 48.843 USD bn in the previous Nov 2024
• EU Total Exports to USA data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 27.377 USD bn
• The data reached an all-time high of 50.474 USD bn in Aug 2024 and a record low of 14.685 USD bn in Feb 2002

CEIC converts monthly Total Exports to USA into USD. Eurostat provides Total Exports to USA, FOB, in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Key information about European Union Total Imports from China

• European Union Total Imports from China recorded 46.171 USD bn in Dec 2024, compared with 47.665 USD bn in the previous month
• European Union Total Imports from China data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 27.597 USD bn
• The data reached an all-time high of 57.752 USD bn in Mar 2022 and a record low of 5.020 USD bn in Jan 2002

CEIC converts monthly Total Imports from China into USD. Eurostat provides Total Imports from China, CIF, in EUR. The Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Key information about European Union Total Imports

• European Union Total Imports recorded 214.6 USD bn in Dec 2024, compared with a value of 220.3 USD bn in the previous month
• European Union Total Imports data is updated monthly, available from Jan 2002 to Dec 2024, with an average number of 172.1 USD bn
• The data reached an all-time high of 278.8 USD bn in Aug 2022 and a record low of 68.4 USD bn in Jan 2002

CEIC converts monthly Total Imports into USD. Eurostat provides Total Imports, CIF, in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.


Further information about European Union Total Imports

• In the latest reports, European Union Total Imports grew 1.8 % YoY in Dec 2024
• Total Exports grew 2.8 % YoY, to 228.1 USD bn in Dec 2024
• European Union Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024

Key information about EU Private Consumption Expenditure

• EU Private Consumption Expenditure was reported at 2,556.722 USD bn in Dec 2024. This records a decrease from the previous number of 2,607.066 USD bn for Sep 2024.
• EU Private Consumption Expenditure data is updated quarterly, averaging 2,028.633 USD bn from Mar 1999 to Dec 2024, with 104 observations.
• The data reached an all-time high of 2,607.066 USD bn in Sep 2024 and a record low of 971.984 USD bn in Dec 2000.
• EU Private Consumption Expenditure data remains in an active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Private Consumption Expenditure: USD: Quarterly: Seasonally Adjusted.

CEIC converts quarterly Private Consumption Expenditure into USD. Eurostat provides Private Consumption Expenditure in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Key information about European Union Foreign Direct Investment: % of GDP

• European Union Foreign Direct Investment (FDI) registered a growth equal to 0.9 % of the country's Nominal GDP in Mar 2023, compared with a fall equal to 11.3 % in the previous quarter.
• EU Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 1999 to Mar 2023.
• The data reached an all-time high of 14.2 % in Mar 2000 and a record low -11.3 % in Dec 2022.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from quarterly Foreign Direct Investment and quarterly Nominal GDP. European Central Bank provides Foreign Direct Investment in EUR. Eurostat provides Nominal GDP in EUR. Foreign Direct Investment as % of Nominal GDP covers Euro Area 20. Foreign Direct Investment as % of Nominal GDP prior to Q1 2013 covers Euro Area 19.


Related information about European Union Foreign Direct Investment: % of GDP

• In the latest reports of EU, Current Account recorded a surplus of 94.7 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 7.3 USD bn in Apr 2023.
• EU Direct Investment Abroad expanded by 3.4 USD bn in Apr 2023.
• Its Foreign Portfolio Investment increased by 158.7 USD bn in Mar 2023.
• The country's Nominal GDP was reported at 4,430.4 USD bn in Mar 2023.

Key information about European Union Current Account Balance: % of GDP

• European Union Current Account surplus accounted for 2.7 % of the country's Nominal GDP in Dec 2024, compared with a 2.8 % surplus in the previous quarter.
• EU Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1999 to Dec 2024, with an average value of 0.8 %.
• The data reached an all-time high of 4.2 % in Sep 2017 and a record low of -1.8 % in Jun 2008.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Eurostat provides Current Account Balance in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.


Key information about European Union Current Account Balance: % of GDP

• In the latest reports of EU, Current Account recorded a surplus of 133.2 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 4.8 USD bn in Nov 2024.
• EU Direct Investment Abroad expanded by 7.2 USD bn in Nov 2024.
• Its Foreign Portfolio Investment increased by 239.3 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 4,430.4 USD bn in Mar 2023.

Key information about EU Gross Fixed Capital Formation

• European Union Gross Fixed Capital Formation was reported at 1,030.078 USD bn in Dec 2024.
• This records a decrease from the previous number of 1,049.941 USD bn for Sep 2024.
• EU Gross Fixed Capital Formation data is updated quarterly, averaging 760.560 USD bn from Mar 1999 to Dec 2024, with 104 observations.
• The data reached an all-time high of 1,049.941 USD bn in Sep 2024 and a record low of 395.381 USD bn in Dec 2000.
• EU Gross Fixed Capital Formation data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Gross Fixed Capital Formation: USD: Quarterly: Seasonally Adjusted.

CEIC converts quarterly Gross Fixed Capital Formation into USD. Eurostat provides Gross Fixed Capital Formation in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Key information about European Union Public Consumption Expenditure

• European Union Public Consumption Expenditure was reported at 1,049.236 USD bn in Dec 2024.
• This records a decrease from the previous number of 1,074.942 USD bn for Sep 2024.
• EU Public Consumption Expenditure data is updated quarterly, averaging 791.499 USD bn from Mar 1999 to Dec 2024, with 104 observations.
• The data reached an all-time high of 1,074.942 USD bn in Sep 2024 and a record low of 344.980 USD bn in Dec 2000.
• EU Public Consumption Expenditure data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Government Consumption Expenditure: USD: Quarterly: Seasonally Adjusted.

CEIC converts quarterly Government Consumption Expenditure into USD. Eurostat provides Government Consumption Expenditure in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Key information about European Union Nominal GDP

• European Union Nominal GDP reached 4,141.8 USD bn in Dec 2022, compared with 4,002.8 USD bn in the previous quarter.
• Nominal GDP in EU is updated quarterly, available from Mar 1999 to Dec 2022, with an average number of 3,579.7 USD bn.
• The data reached an all-time high of 4,357.5 USD bn in Jun 2008 and a record low of 1,739.3 USD bn in Dec 2000.

CEIC converts quarterly Nominal GDP into USD. Eurostat provides Nominal GDP in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.


Related information about European Union Nominal GDP

• In the latest reports, EU GDP expanded 1.7 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Dec 2022.
• EU GDP Per Capita reached 38,451.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 26.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 24.3 % in Dec 2022.
• Public Consumption accounted for 22.2 % in Dec 2022.
• Private Consumption accounted for 51.8 % in Dec 2022.