The COVID-19 pandemic, and the exceptional measures taken by governments all around the world to contain it, took a serious toll on European economies. Consequently, almost all of the key macroeconomic indicators for the Eurozone showed a decreasing trend for 2020. In particular, average GDP of the 19 countries using euro as their currency fell by 6.5 percent during that year. Private consumption as well experienced a severe contraction of eight percent, with many businesses being shut down to enforce social distancing. In 2021, however, European economies managed to partially recover from this situation, as societies became more experienced in living side by side with the virus and mass distribution of vaccines began. Projections by the source suggest the continent is going to continue on this path of recovery.

Graph and download economic data for Leading Indicators OECD: Leading Indicators: CLI: Normalised for the Euro Area (19 Countries) (EA19LOLITONOSTSAM) from Dec 1965 to Nov 2022 about leading indicator, Euro Area, and Europe.

Graph and download economic data for Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Euro Area (19 Countries) (BSCICP03EZM665S) from Jan 1985 to Jan 2024 about business sentiment, composite, Euro Area, Europe, business, and manufacturing.

Graph and download economic data for Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for the Euro Area (19 Countries) (EA19LORSGPORIXOBSAM) from Mar 1960 to Aug 2022 about leading indicator, origination, Euro Area, Europe, and GDP.

Euro Area - GDP and main components: Gross domestic product at market prices was 1.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - GDP and main components: Gross domestic product at market prices - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - GDP and main components: Gross domestic product at market prices reached a record high of 15.30% in June of 2021 and a record low of -14.00% in June of 2020.

The statistic shows the growth of the real gross domestic product (GDP) in the European Union and the Euro area from 2019 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2022, the GDP in the European Union increased by about 3.61 percent compared to the previous year. Growth trends in the EU compared to the euro area The euro area, which is also called the eurozone, is an economic and monetary union (EMU) which includes 19 of the 27 European Union member states which have formally adopted the euro. Those countries include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Member states which have not yet adopted the euro include Bulgaria, Croatia, Czechia, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom. Additionally, there is the so-called Schengen Area, which is composed of EU and non-EU states, and has been established mainly to facilitate travelling in Europe. While some countries, such as Kosovo and Montenegro have adopted the euro unilaterally, they are not formally part of the eurozone. Others have established a monetary agreement with the EU to use the euro, such as Andorra, Monaco, San Marino and the Vatican, but they do not form part of the official euro area. As can be seen in the chart, annual GDP growth slumped in 2012 and 2013, presumably as a result of the global financial crisis, in both the EU and the euro area. In 2013, growth began increasing ever so slightly and in 2014 the EU regained a bit of stability. However, overall recovery in the EU has been relatively moderate and gradual; growth throughout the EU has been slightly better than in the euro area and is projected to remain slightly better for the foreseeable future. Relatively new member states such as Romania and Czechia, which have not yet adopted the euro, reported the highest annual growth rates in the EU in 2015, and generally, new member states show slightly better growth rates. Also, unemployment has been slightly higher in the euro area compared to the EU for the last ten years (267906). The unemployment rate also remains relatively high for both the EU and the euro area. As for public spending as a share of GDP, these figures are slightly higher in the euro area than in the EU as a whole. The member states with the highest national debt include the United Kingdom, Italy, France and Germany - some of the oldest members of the euro area. The national debt of the euro area is slightly higher than the national debt of the EU as a whole, underlining the economic situation of both areas.

Euro Area - GDP and main components: Imports of goods was EUR938058.90 Million in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - GDP and main components: Imports of goods - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - GDP and main components: Imports of goods reached a record high of EUR987323.70 Million in September of 2022 and a record low of EUR326271.90 Million in March of 1995.

Euro Area - GDP and main components: Wages and salaries was EUR1469831.30 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - GDP and main components: Wages and salaries - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - GDP and main components: Wages and salaries reached a record high of EUR1469831.30 Million in December of 2024 and a record low of EUR537298.90 Million in March of 1995.

Euro Area - GDP and main components: Final consumption expenditure, gross capital formation and exports of goods and services was EUR4403783.90 Million in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - GDP and main components: Final consumption expenditure, gross capital formation and exports of goods and services - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - GDP and main components: Final consumption expenditure, gross capital formation and exports of goods and services reached a record high of EUR4411335.90 Million in September of 2022 and a record low of EUR2437371.20 Million in March of 1996.

Euro Area - GDP and main components: External balance - Goods was EUR104369.10 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - GDP and main components: External balance - Goods - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - GDP and main components: External balance - Goods reached a record high of EUR109820.30 Million in December of 2020 and a record low of EUR-9762.70 Million in September of 2022.

Euro Area - Output of the agricultural industry: Production value at basic price was EUR430519.55 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Output of the agricultural industry: Production value at basic price - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - Output of the agricultural industry: Production value at basic price reached a record high of EUR436579.66 Million in December of 2022 and a record low of EUR281334.54 Million in December of 2010.

Graph and download economic data for Leading Indicators OECD: Leading Indicators: CLI: Trend Restored for the Euro Area (19 Countries) (EA19LOLITOTRGYSAM) from Dec 1966 to Aug 2022 about leading indicator, Euro Area, and Europe.

Key information about European Union Consumer Confidence: Net Balance

• European Union Consumer Confidence: Net Balance recorded a drop of 22.4 % Point in Jan 2023, compared with a drop of 24.1 % points in the previous month.
• EU Consumer Confidence: Net Balance data is updated monthly, available from Jan 1985 to Jan 2023, with an averaged -9.2 % points.
• The data reached an all-time high of -1.9 % in May 2000 and a record low of -29.2 % in Sep 2022.

• In the latest reports, Retail Sales of EU dropped 2.5 % YoY in Apr 2023.
• EU Consumer Confidence gained 7.7 % Point in Jun 2023.

In 2023, the unemployment rate of Europe's five largest economies ranged from 3.3 percent in Germany, to 12.1 percent in Spain. Throughout this provided time period, unemployment has consistently been lowest in Germany, and with the exception of 2005, 2006, and 2007, highest in Spain, when Germany briefly had a higher unemployment rate.

The European banking sector showed significant disparities in net interest margins (NIM) during the second quarter 2024. Hungary and Poland topped the rankings with identical NIMs of 4.4 percent. In contrast, several Western European nations reported markedly lower figures: Germany at 1.2 percent, Denmark at 1.1 percent, and France with the lowest at 0.9 percent. NIM, a key indicator of bank profitability, measures the difference between interest income earned from lending activities and interest paid to depositors, expressed as a percentage of interest-earning assets. Profitability and stability Low profitability has been highlighted several times by the ECB as a key risk to the financial stability of the Euro area. There are several ways to examine profitability in the banking sector, such as the cost-to-income ratio. Prolonged low profitability can have a knock-on effect on an economy’s growth. On the other hand, sustained periods of higher than average profitability can also mean trouble, as was seen in the period running up to the financial crisis. Other key measures There are several other metrics that can also be used. Return on equity (ROE), which divides net income by shareholders' equity, looks at how well a company’s management is using its assets to create profits. Another key measure of a bank's profitability is to look at the return on assets (ROA), which divides a bank’s net income by its total assets during a given period.

The number of social media users in Eastern Europe was forecast to continuously increase between 2024 and 2029 by in total 40.5 million users (+23.11 percent). After the ninth consecutive increasing year, the social media user base is estimated to reach 215.71 million users and therefore a new peak in 2029. Notably, the number of social media users of was continuously increasing over the past years.The shown figures regarding social media users have been derived from survey data that has been processed to estimate missing demographics.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of social media users in countries like Central & Western Europe and Russia.

According to the European innovation scoreboard, which measures innovation in Europe according to a variety of different indicators, Findland had the highest score when it came to 'digitalization' a category which measures a country's broadband penetration and supply of individuals with above basic digital skillsets.

Euro Area - Producer prices in industry: Manufacture of chemicals and chemical products; basic pharmaceutical products and pharmaceutical preparations was 120.40 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Producer prices in industry: Manufacture of chemicals and chemical products; basic pharmaceutical products and pharmaceutical preparations - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - Producer prices in industry: Manufacture of chemicals and chemical products; basic pharmaceutical products and pharmaceutical preparations reached a record high of 132.10 points in July of 2022 and a record low of 80.90 points in January of 2000.

Graph and download economic data for Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Ratio to Trend for the Euro Area (19 Countries) (EA19LORSGPRTSTSAM) from Mar 1960 to Aug 2022 about leading indicator, ratio, Euro Area, Europe, and GDP.

The combined volume per capita in the 'Fortified Wine' segment of the alcoholic drinks market in Europe was forecast to continuously decrease between 2024 and 2029 by in total 0.01 litres (-2.33 percent). The combined volume per capita is estimated to amount to 0.42 litres in 2029. Find other key market indicators concerning the average revenue per user (ARPU) and volume. The Statista Market Insights cover a broad range of additional markets.