The Gross Domestic Product (GDP) In the Euro Area expanded 1.90 percent in the first quarter of 2017 over the same quarter of the previous year. GDP Annual Growth Rate in the Euro Area averaged 1.63 percent from 1995 until 2017, reaching an all time high of 5 percent in the first quarter of 1995 and a record low of -5.50 percent in the first quarter of 2009. The Euro Area is the second largest economy in the world. Of the 19 states it includes, the biggest are: Germany (29 percent of total GDP), France (21 percent), Italy (16 percent) and Spain (11 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by government expenditure (21 percent) and gross fixed capital formation (20 percent). Net exports of goods and services adds 4 percent to the GDP as exports accounts for 45 percent and imports for -41 percent.
. This page provides – Euro Area GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.
June 08, 2017 at 02:09PM
from Eurostat
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