Euro Area GDP

Data GDP

Source: Eurostat
Source Link: https://ec.europa.eu/
Frequency: Quarterly
Next Release(s): December 5th, 2025 5:00 AM

Latest Updates

Euro area GDP rose +0.2% QoQ in Q3 2025 and +1.4% YoY, reflecting a modest pickup from Q2’s slower pace, while employment increased +0.1% QoQ and +0.5% YoY.
- EU GDP grew +0.3% QoQ in Q3, up from +0.2% in Q2, and was +1.6% YoY, matching the prior quarter’s annual rate and showing slightly stronger momentum than the euro area.
- Euro area QoQ GDP growth quickened to +0.2% from +0.1% in Q2, indicating a mild acceleration heading into the second half of the year.
- YoY GDP growth in the euro area eased marginally to +1.4% from +1.5% in Q2, suggesting broadly steady output expansion.
- Euro area employment rose +0.1% QoQ, unchanged from Q2, and was +0.5% YoY, a slight slowdown from +0.6% YoY in Q2.
- EU employment increased +0.2% QoQ in Q3, up from +0.1% in Q2, and accelerated to +0.6% YoY from +0.4% YoY previously, indicating firmer labour-market gains compared to the euro area.
- Both GDP and employment trends show moderate, steady growth, with Q3 figures consistent with broader national accounts measures.
Source
Euro area GDP rose +0.2% QoQ (vs +0.1% QoQ expected) and +1.3% YoY in Q3 2025, while EU GDP grew +0.3% QoQ and +1.5% YoY, a modest acceleration in quarterly growth compared with Q2.
- In Q2 2025, GDP had increased +0.1% QoQ in the euro area and +0.2% QoQ in the EU, showing slight improvement in both regions this quarter.
- Year-on-year growth slowed marginally from +1.5% to +1.3% in the euro area and from +1.6% to +1.5% in the EU, suggesting steady but moderate expansion.
- Among Member States with available data, Sweden recorded the strongest QoQ gain at +1.1%, followed by Portugal (+0.8%) and Czechia (+0.7%).
- The weakest performances were seen in Lithuania (-0.2%), and Ireland and Finland (both -0.1%).
- On an annual basis, 14 Member States posted positive growth, while only one registered a contraction.
- Eurostat noted that the results are preliminary and subject to revision as more complete national accounts data become available.
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Euro area GDP growth in Q2 2025 was confirmed at +0.1% QoQ and +1.5% YoY in the 3rd and final estimate, confirming that the economy slowed from a strong 0.6% QoQ increase in Q1 2025.
- Denmark (+1.3% QoQ), Croatia (+1.2%), and Romania (+1.2%) led growth, while Finland (-0.4%), Germany (-0.3%), and Italy (-0.1%) posted declines.
- Household consumption edged up +0.1% QoQ in the euro area and +0.3% in the EU, while government spending rose +0.5% and +0.7%, respectively.
- Gross fixed capital formation fell -1.8% in the euro area and -1.7% in the EU, subtracting -0.4 ppt from GDP growth in both regions.
- Exports contracted -0.5% in the euro area and -0.2% in the EU, while imports were flat in the euro area and +0.3% in the EU, contributing -0.2 ppt to GDP growth.
- Inventories added +0.5 ppt to growth in both regions, cushioning the drag from weak investment and trade.
- Employment rose +0.1% QoQ in both the euro area and EU, with annual gains of +0.6% and +0.4%, respectively; hours worked also increased +0.1% QoQ but declined YoY.
- Labour productivity grew +0.8% YoY in the euro area and +1.2% in the EU (per person), while gains based on hours worked were +1.1% and +1.5%.
Source
Euro area GDP rose just +0.1% QoQ in Q2 2025 (EU +0.2% QoQ), a sharp slowdown from Q1’s +0.6% (EA) and +0.5% (EU). YoY growth eased slightly to +1.4% in the euro area and +1.5% in the EU.
- US GDP grew +0.7% QoQ in Q2 (after -0.1% in Q1) and was steady at +2.0% YoY.
- Euro area and EU employment both rose +0.1% QoQ in Q2, with euro area growth slowing from +0.2% in Q1 and EU employment rebounding from flat.
- Employment was +0.7% YoY in both regions, unchanged for the euro area but up from +0.4% in the EU in Q1.
- The data suggest euro area growth momentum cooled sharply from Q1’s post-winter rebound.
Source
Euro area GDP rose 0.1% QoQ in Q2 2025, slowing from 0.6% QoQ in Q1, while EU GDP rose 0.2% QoQ, down from 0.5% QoQ previously.
- On a YoY basis, GDP grew 1.4% in the euro area and 1.5% in the EU.
- Spain posted the strongest QoQ gain at 0.7%, followed by Portugal (+0.6%) and Estonia (+0.5%).
- Germany, Italy (-0.1% QoQ each), and Ireland (-1.0% QoQ) recorded declines.
- Ireland still leads in YoY growth at +16.2%, though down from +18.3% in Q1.
Source
Euro area GDP rose 0.6% QoQ and 1.5% YoY in Q1 2025, revised up from the 2nd estimate of 0.3% QoQ, marking an acceleration from Q4 2024.
- Employment increased 0.2% QoQ in the euro area but was flat in the EU; both up 0.8% YoY.
- Ireland led QoQ growth at +9.7%, while Luxembourg saw the largest decline at -1.0%.
- Gross fixed capital formation was the strongest component, up 1.8% QoQ in both regions, contributing +0.4 pp to GDP growth.
- Exports rose 1.9% QoQ in the euro area vs 1.6% in the EU; imports rose 1.4% QoQ in both.
- Household consumption slowed to +0.2% QoQ, while government spending was flat in the euro area and down -0.1% in the EU.
Source
Euro area Q1 2025 GDP growth was revised down to 0.3% QoQ in the 2nd estimate, down from 0.4% QoQ in the first estimate.
- The annual increase in GDP was unrevised at 1.2% YoY.
- Employment growth in Q1 2025 was 0.3% QoQ and 0.8% YoY, above expectations of 0.1% QoQ.
Source
Euro area GDP increased 0.4% QoQ in Q1 2025, accelerating from an 0.2% QoQ increase in Q4 2024 and above expectations of an 0.2% QoQ increase.
- On an annual basis, GDP increased 1.2% YoY, above expectations of a 1.0% YoY increase.
- The strongest growth was seen in Ireland (+3.2% QoQ), Spain (+0.6% QoQ), and Lithuania (+0.6% QoQ).
- The weakest growth was in Hungary (-0.2% QoQ) and Sweden (0.0% QoQ), the only two countries to see a decline or no growth.
Source
The third estimate of euro area GDP growth in Q4 2024 is revised up again to 0.2% QoQ from the second estimate of 0.1% QoQ.
- The annual increase in GDP was also revised up by 0.3 ppts to 1.2% YoY.
- Household consumption increased 0.4% QoQ and added 0.2 ppts of growth.
- GFCF increased 0.6% QoQ and added 0.1 ppts of growth.
- Government consumption increased 0.4% QoQ and added 0.1 ppts of growth.
- Exports and imports both fell -0.1% QoQ which caused net exports to make no contribution to growth.
- Inventory changes was a -0.2 ppts drag on growth.
- Employment growth was confirmed at 0.1% QoQ, but the annual increase was revised up 0.1 ppt to 0.7% YoY.
Source
The second estimate of euro area GDP growth in Q4 2024 is 0.1% QoQ, an upward revision from 0.0% QoQ in the first estimate.
- The annual rate of 0.9% YoY was unchanged from the first estimate and in line with expectations.
- Employment increased 0.1% QoQ in Q4 2024, and the annual increase in employment of 0.6% YoY was below expectations of an 0.8% YoY increase and the slowest since the employment decline in Q1 2021.
Source
Euro area GDP was unchanged in Q4 2024, below expectations of a slight 0.1% QoQ expansion. The annual rate was 0.9% YoY vs 1.0% YoY expected and the same as the Q3 annual rate. Portugal (+1.5%) recorded the highest increase, followed by Lithuania (+0.9%) and Spain (+0.8%). Declines were recorded in Ireland (-1.3%), Germany (-0.2%) and France (-0.1%).

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