Implicit deflators are calculated by dividing an aggregate measured in current prices by the same aggregate measured in constant prices. In the first quarter of 2020,
Among the bloc's largest economies, Spain posted the biggest decrease in economic activity (-18.5 percent), followed by France (-13.8 percent), Italy (-12.8 percent) and Germany (-9.7 percent).The Eurozone economy shrank 12.1 percent in the three months to June 2020, the biggest contraction on record and entering a recession, a second estimate showed.
02/09/2020 . adjusted GDP decreased by 12.1% in the euro areaand by 11.9% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. Publish your articles and forecasts in our website.Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. %���� The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. The Trading Economics Application Programming Interface (API) provides direct access to our data. endobj
1 0 obj <> Euro Area GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Eurostat GDP Growth Rate in Euro Area is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In July 2020, a month marked by some relaxation of COVID-19 containment measures in many Member States, industrial producer prices rose, compared with June 2020, by 0.6% in the euro area and by 0.4% in the EU, according to estimates from Eurostat, the statistical office of the European Union.
Implicit deflators are named after the aggregate used (Gross Domestic Product in this case). Eurozone disaster: Brussels on alert as GDP plummets - worst drop ever THE European Union's economy shrank at the fastest rate in over a decade in … ©
The European Union’s statistics office Eurostat said Italy’s public debt was 2.442 trillion euros at the end of June, up from 2.388 trillion, or 136.0% of GDP a year earlier. This indicator is based on nominal GDP (also called GDP at current prices or GDP in value) and is available in different measures: US dollars and US dollars per capita (current PPPs). Gross domestic product fell by a record 11.8 percent sequentially but this was revised down from -12.1 percent estimated initially. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. TEForecast
Reference It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Among the bloc's largest economies, Germany's GDP contraction was the sharpest since 2009, while France, Spain and Italy economies shrank the most on record.
All major economies in the region posted record declines in GDP: Spain (-18.5percent), Italy (-12.4 percent), France (-13.8 percent) and Germany (-10.1 percent).The Eurozone economy shrank by 3.6 percent on quarter in the first three months of 2020, compared with preliminary estimates of a 3.8 percent contraction and the previous period's 0.1 percent growth.
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It was still the steepest contraction on record as a coronavirus lockdown from mid-March forced non-essential businesses to close and consumers to stay at home. This indicator is less suited for comparisons over time, as developments are not only caused by real growth, but also by changes in prices and PPPs. These were by far the sharpest declines observed since time series started in 1995. Germany, France and Italy all entered a recession.The Euro Area is an economic and monetary union of 19 European countries that adopted the euro as their currency.
GDP and main components: Final consumption expenditure of NPISH GDP and main components: Final consumption expenditure, gross capital formation and exports of goods and services GDP and main components: Gross capital formation GDP and main components: Gross domestic product at market prices GDP and main components: Gross fixed capital formation The Euro Area economy shrank 11.8 percent on quarter in the three months to June of 2020, slightly less than initial estimates of a 12.1 percent fall. 4 0 obj Latest available data, The deflator is calculated from seasonally and calendar adjusted GDP values and rescaled so that 2010 = 100.
5��@WA���r����8i��/�s�^s�$����j���+e��\�����s3E�27�ॲ�N��j߰"�@@�Eswp�ȑ��%��;;|͛�q�&�':�%�r� ��FUE��T�y�����\�B�ʦ$z\Ce3����p\�5��j�mc����Fz[T��j]�R�����0K�+8> Still, it is the biggest contraction on record, pushing the economy to a recession as the coronavirus restrictions hurt most sectors. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. %PDF-1.5 endobj This is a list of European regions (NUTS2 regions) sorted by their gross domestic product (GDP). Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 20 percent, 15 percent and 10 percent of the bloc’s GDP. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). The Gross Domestic Product (GDP) in Bulgaria was worth 67.93 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics.
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