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.

Graph and download economic data for Real Gross Domestic Product for European Union (28 Countries) (CLVMNACSCAB1GQEU28) from Q1 1995 to Q4 2019 about EU, Europe, real, and GDP.

This statistic shows the growth of the real gross domestic product (GDP) in the Euro area from the second quarter 2020 to the second quarter 2024. In the second quarter of 2024, the GDP of the Euro area increased by 0.6 percent compared to the same quarter of the previous year.

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.

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.

CEIC calculates Real GDP Growth from quarterly Real GDP. Eurostat provides Real GDP in EUR, at chain linked 2015 prices. European Union stands for EU27 excluding UK.


Related information about European Union Real GDP Growth

• 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.

Graph and download economic data for Gross Domestic Product for Euro Area (19 Countries) (CPMNACSCAB1GQEA19) from Q1 1995 to Q2 2025 about Euro Area, Europe, and GDP.

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.

Quarterly GDP growth was negative for both the European Union and the Euro currency area in quarter three of 2023. During this quarter, Malta was the European country which saw the greatest growth compared to the previous quarter, with the small Southern European country growing its output by 2.4 percent in quarter three. Estonia, on the other hand, saw the greatest contraction of its economy compared to quarter two, with the Baltic country seeing a negative growth rate of -1.3 percent. Many of the larger economies in Europe also saw negative growth in this quarter, albeit with smaller declines - Germany, France, and the UK saw negative rates of -0.1 percent, while the Netherlands saw a decline of -0.3 percent. Italy saw a slow growth rate of 0.1 percent, while Spain, Switzerland and Turkey both grew by 0.3 percent. Poland was the fastest growing of Europe's larger economies in quarter three, however, with a rate of 1.5 percent.

Key information about EU Nominal GDP Growth

• European Union Nominal GDP Growth was reported at 4.145 % in Dec 2024.
• This records a decrease from the previous number of 4.350 % for Sep 2024.
• EU Nominal GDP Growth data is updated quarterly, averaging 3.822 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 16.294 % in Jun 2021 and a record low of -11.067 % in Jun 2020.
• EU Nominal GDP Growth 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: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Eurostat provides Nominal GDP in EUR. 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.

The dataset "tipsau20" has been replaced by "tipsna15" since 10/01/2025. Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regulation may be referred to for more specific explanations on methodology. Data are seasonally adjusted and presented in million units of national currency.

The statistic shows the growth of the real gross domestic product (GDP) in the EU member states in the second quarter 2024 compared to the same quarter of the previous year. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change in it is a sign of economic growth. In the second quarter of 2024, the real GDP in Denmark increased by 2.5 percent compared to the same quarter of the previous year. The overall EU GDP amounted to around 15.8 trillion euros around the same time. Global economy and the economic crisis The global economy has been slowly recovery after having been devastated by the global financial crisis in 2008. The economic crisis, which hit Greece, Ireland and Portugal, among other countries, severely, marked the beginning of the European sovereign debt crisis which forced these nations to request a bailout between 2013 and 2014. In November 2014, the unemployment rate in Greece amounted to around a desastrous 25 percent, which means one quarter of Greeks who were of working age were out of work. Meanwhile, the unemployment rate average for the whole European Union was at 10 percent. In addition, Greece, Italy, Portugal, and Ireland ranked at the top of the list of the nations in the European Union with the largest national debt in relation to the gross domestic product. In the third quarter of 2014, Greece’s national debt amounted to 176 percent of the gross domestic product. Despite the crisis, the global economy is expected to improve. It is estimated that GDP in the European Union will grow by 1.85 percent in 2015 in comparison to the previous year. Also, the national debt in relation to GDP in Greece, Italy, Portugal and Ireland will decrease between 2015 and 2016.

Graph and download economic data for Real Gross Domestic Product (Euro/ECU Series) for European Union (15 Countries) (CLVMEURSCAB1GQEU15) from Q1 1995 to Q4 2019 about EU, Europe, real, and GDP.

Key information about European Union Total Trade of Goods and Services: % of Nominal GDP

• European Union Total Trade of Goods & Services: % of Nominal GDP recorded 94.646 % in Dec 2024, compared with 96.736 % in the previous quarter.
• European Union Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1995 to Dec 2024, with an averaged value of 79.665 %.
• The data reached an all-time high of 111.402 % in Sep 2022 and a record low of 53.821 % in Sep 1995.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. Eurostat provides Total Trade of Goods and Services in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.

Key information about European Union Private Consumption: % of GDP

• European Union Private Consumption accounted for 51.9 % of its Nominal GDP in Dec 2024, compared with a ratio of 53.2 % in the previous quarter.
• EU Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1995 to Dec 2024, with an average share of 55.2 %.
• The data reached an all-time high of 56.9 % in Mar 1997 and a record low of 50.0 % in Dec 2020.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Eurostat provides Private Consumption Expenditure in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.


Related information about European Union Private Consumption: % of GDP

• In the latest reports, EU GDP expanded 1.0 % YoY in Mar 2023.
• Its Nominal GDP reached 4,430.4 USD bn in Mar 2023.
• EU GDP Per Capita reached 38,468.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 25.7 % in Dec 2024.

This table presents Gross Domestic Product (GDP) and its main components according to the expenditure approach. Data is presented in US dollars. In the expenditure approach, the components of GDP are: final consumption expenditure of households and non-profit institutions serving households (NPISH) plus final consumption expenditure of General Government plus gross fixed capital formation (or investment) plus net trade (exports minus imports).

When using the filters, please note that final consumption expenditure is shown separately for the Households/NPISH and General Government sectors, not for the whole economy. All other components of GDP are shown for the whole economy, not for the sector breakdowns.

The table shows OECD countries and some other economies, as well as the OECD total, G20, G7, OECD Europe, United States - Mexico - Canada Agreement (USMCA), European Union and euro area.

These indicators were presented in the previous dissemination system in the QNA dataset.
See User Guide on Quarterly National Accounts (QNA) in OECD Data Explorer: QNA User guide
See QNA Calendar for information on advance release dates: QNA Calendar
See QNA Changes for information on changes in methodology: QNA Changes
See QNA TIPS for a better use of QNA data: QNA TIPS
Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage
OECD statistics contact: STAT.Contact@oecd.org

The Gross Domestic Product (GDP) In the Euro Area expanded 1.50 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 European Union Foreign Portfolio Investment: % of GDP

• European Union Foreign Portfolio Investment: % of GDP was reported at 3.6 % in Dec 2024.
• This records a decrease from the previous number of 5.7 % for Sep 2024.
• EU Foreign Portfolio Investment: % of GDP data is updated quarterly, averaging 3.8 % from Mar 1999 to Dec 2024, with 104 observations.
• The data reached an all-time high of 12.1 % in Mar 2015 and a record low of -6.2 % in Dec 2020.
• EU Foreign Portfolio Investment: % of GDP 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: Foreign Portfolio Investment: % of Nominal GDP: Quarterly.

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

Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regulation may be referred to for more specific explanations on methodology. Data are seasonally adjusted and presented in million units of national currency.