GDP growth rate in European Union countries in 2018

The European Union’s fastest growing economy in 2018 was Ireland, with the country’s Gross Domestic Product growing by 6.8 percent that year. This was followed by Malta at 6.2 percent and Poland at 5.1 percent. Denmark represented the country with the slowest growing economy in this year at just 0.8 percent.

Europe’s largest economies
Germany had by far the largest economy in Europe in 2018, with a gross domestic product of almost 3.4 trillion Euros, followed by the United Kingdom at 2.39 trillion Euros and France at 2.48 trillion Euros. Along with Italy and Spain these countries are the five largest economies in Europe, and while all five have had similar patterns of growth, the gap between them has widened in recent years.

GDP per Capita
While Germany had the largest economy overall, its large population meant that it doesn’t have the highest GDP per capita. Instead, Luxembourg has the highest GDP per capita at over 105 thousand U.S dollars, followed by Switzerland at around 80 thousand U.S dollars.

Gross Domestic Product (GDP) growth rate in European Union countries in 2018*

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Source

Release date

2019

Region

Europe, EU

Survey time period

2019

Supplementary notes

* As forecasted in the European Economic Forecast for Winter 2019

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