The economy of the European Union is set to grow by *** percent in 2025, 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 2025, 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.

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 Gross Domestic Product (GDP) in European Union expanded 1.50 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.

This statistic shows a forecast of the gross domestic product (GDP) growth in the euro countries in 2025. In 2025, the gross domestic product in Germany is forecast to grow by 1.33 percent over the previous year.

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.

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.

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

European Union EU27: DG ECFIN Forecast:(GDP) Gross Domestic Productper Capita: Gross National Income data was reported at 42.539 EUR th in 2026. This records an increase from the previous number of 41.003 EUR th for 2025. European Union EU27: DG ECFIN Forecast:(GDP) Gross Domestic Productper Capita: Gross National Income data is updated yearly, averaging 25.245 EUR th from Dec 1995 (Median) to 2026, with 31 observations. The data reached an all-time high of 42.539 EUR th in 2026 and a record low of 14.861 EUR th in 1995. European Union EU27: DG ECFIN Forecast:(GDP) Gross Domestic Productper Capita: Gross 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 per Capita: Forecast.

The real gross domestic product (GDP) of Malta is estimated to have grown by *** percent in 2023 and is projected to grow a further **** percent in 2024, which are the highest growth rates across all European countries for each year. In comparison, Estonia, Austria, Finland, and Ireland all had *************** rates in 2023.

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.

European Union EU27: DG ECFIN Forecast: General Government Budget: % of Nominal GDP: Revenue: Capital Transfers data was reported at 0.838 % in 2026. This records a decrease from the previous number of 0.861 % for 2025. European Union EU27: DG ECFIN Forecast: General Government Budget: % of Nominal GDP: Revenue: Capital Transfers data is updated yearly, averaging 0.563 % from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 0.861 % in 2025 and a record low of 0.448 % in 2001. European Union EU27: DG ECFIN Forecast: General Government Budget: % of Nominal GDP: Revenue: Capital Transfers 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: General Government Budget: % of Nominal GDP: Forecast.

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 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

EU27: DG ECFIN Forecast: GDP: Contribution to Growth: % of GDP at PY: Domestic Demand (DD) data was reported at 1.677 % in 2026. This records an increase from the previous number of 1.572 % for 2025. EU27: DG ECFIN Forecast: GDP: Contribution to Growth: % of GDP at PY: Domestic Demand (DD) data is updated yearly, averaging 1.677 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 5.198 % in 2021 and a record low of -4.988 % in 2020. EU27: DG ECFIN Forecast: GDP: Contribution to Growth: % of GDP at PY: Domestic Demand (DD) 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: Contribution to Growth: % of GDP at Previous Year Prices: Forecast.

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): Contribution to Growth: % of(GDP) Gross Domestic Productat Previous Year Prices (PY): Final Demand data was reported at 3.188 % in 2026. This records an increase from the previous number of 2.684 % for 2025. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP): Contribution to Growth: % of(GDP) Gross Domestic Productat Previous Year Prices (PY): Final Demand data is updated yearly, averaging 3.800 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 10.367 % in 2021 and a record low of -8.989 % in 2020. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP): Contribution to Growth: % of(GDP) Gross Domestic Productat Previous Year Prices (PY): Final Demand 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: Contribution to Growth: % of GDP at Previous Year Prices: Forecast.

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.

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 Gross Domestic Product (GDP) in European Union expanded 0.20 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - European Union GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.