Overview
Discussions Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
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Highest
5.90 % on Dec 31, 2021
Lowest
−6.10 % on Dec 31, 2020
About Euro Area Full Year GDP Growth
The Euro Area is the second largest economy in the world. Of the 19 member states it includes, the biggest are: Germany (29 percent of total GDP), France (20 percent), Italy (15 percent) and Spain (10 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (20 percent). Exports of goods and services account for 47 percent of GDP while imports account for 43 percent, adding 4 percent of total GDP.