European Union Real GDP Growth
1996 - 2023 | Quarterly | % | CEIC Data
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.
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.
View European Union's Real GDP Growth from Mar 1996 to Mar 2023 in the chart:
What was European Union's Real GDP Growth in Mar 2023?
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. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1.3 Mar 2023 | 1.7 Dec 2022 | -13.4 Jun 2020 | 13.8 Jun 2021 | % | quarterly | Mar 1996 - Mar 2023 |
Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Algeria (%) | 3.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
| Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
| Azerbaijan (%) | 5.2 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 2.1 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
| Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
| Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
| Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
| Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
| Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
| China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
| Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
| Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
| Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Ghana (%) | 1.7 Sep 2024 | quarterly | Jun 2006 - Sep 2024 |
| Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
| Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
| Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
| Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
| Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Kosovo (%) | 4.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Kuwait (%) | -2.2 Sep 2024 | quarterly | Jun 2010 - Sep 2024 |
| Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
| Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
| Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
| North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Montenegro (%) | 2.6 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 1.0 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
| Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
| Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
| Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
| Palestinian Territory (%) | 3.5 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
| Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 2.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Slovenia (%) | 1.0 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
| Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doEuropean Union Key Series
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.7 2017 | yearly | 2008 - 2017 |
| Household Debt: % of GDP (%) | 44.4 Sep 2024 | quarterly | Sep 1997 - Sep 2024 |
| Money Supply M1 (USD mn) | 11,124,594.865 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Money Supply M2 (USD mn) | 16,390,045.400 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| M2 Growth (%) | 3.3 Nov 2024 | monthly | Jan 1981 - Nov 2024 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 298,686.4 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 1.814 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.3 Nov 2024 | monthly | Jan 2002 - Nov 2024 |
| Total Deposits (USD mn) | 16,775,729.751 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Total Deposits Growth (%) | 3.6 Oct 2024 | monthly | Sep 1998 - Oct 2024 |
| Domestic Credit (USD mn) | 25,800,728.3 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Domestic Credit Growth (%) | -0.9 Oct 2024 | monthly | Sep 1998 - Oct 2024 |
| Household Debt (USD mn) | 7,238,421.1 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Total Loans (USD mn) | 20,145,595.171 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Total Loans Growth (%) | 2.22 Oct 2024 | monthly | Sep 1998 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 78.62 Sep 2024 | quarterly | Sep 1997 - Sep 2024 |
| Money Supply M3: Outstanding (EUR bn) | 16,730.129 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply M2: Outstanding (EUR bn) | 15,564.952 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Money Supply M3: swda: Outstanding (EUR bn) | 16,681.871 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Money Supply M2: swda: Outstanding (EUR bn) | 15,540.007 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Money Supply M1: Outstanding (EUR bn) | 10,593.452 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply M1: swda: Outstanding (EUR bn) | 10,547.639 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Eurosystem: ORA: Foreign Currency Reserves (FCR) (EUR bn) | 288.583 Dec 2024 | monthly | Nov 1999 - Dec 2024 |
| Eurosystem: Official Reserve Assets (ORA) (EUR bn) | 1,394.032 Dec 2024 | monthly | Nov 1999 - Dec 2024 |
| MFIs Loans: Outstanding: Non Financial Sector (EUR bn) | 5,143.328 Oct 2024 | monthly | Sep 1997 - Oct 2024 |
| MFIs Loans: Outstanding: Households: HP: Over 5 Years (EUR bn) | 4,296.809 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
| MFIs Loans: Outstanding: Households: Consumer Credit (CS) (EUR bn) | 686.042 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
More Indicators for European Union
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.