Euro Area GDP YoYEuro Area GDP YoYEuro Area GDP YoY

Euro Area GDP YoY

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Key data points


Last release
Observation period
Q3 2024
Next release
Forecast
0.90%
Highest
14.90% on Jun 30, 2021
Lowest
−14.10% on Jun 30, 2020

About Euro Area GDP YoY


Category
GDP
Source
Frequency
Quarterly
Units
%
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.