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EURUSD.FOREX
EUR/USD
Foreign Exchange · Currency Pair
FX pair representing EUR priced in USD, used to track euro-dollar exchange rate moves and global macro conditions.MoreShow less

Forex Fundamentals

EUR/USD: Compare the economic areas behind a currency pair: policy interest rates, inflation, real GDP growth, government yields, money supply and upcoming releases, with dated historical charts and source definitions.

The forces behind EUR / USD

EUR/USD forex fundamentals. Two economies.
One exchange rate.

Follow the rates, prices and economic momentum that shape the relationship between EUR and USD.

Source-backed economic data ·

At a glance

The comparison that matters

Latest reported values · periods may differ
Policy interest rate
EUR2.50%
USD4.00%

Central-bank benchmark. US uses the Fed target upper bound.

Consumer inflation
EUR4.00%
USD3.74%

Annual change in consumer prices; CPI / euro-area HICP.

Economic growth
EUR1.30%
USD2.07%

Real GDP change versus the same quarter a year earlier.

10-year government yield
EUR3.33%
USD4.88%

Longer-term borrowing cost. Euro area uses Germany.

01 / Monetary policy

Follow the interest-rate cycle

When central banks move at different speeds, the gap between currencies changes.

Policy rates over time

% per year
EUR steering rate 2.50%USD target midpoint 3.88%

EUR steering rate: Jan 1999 – Nov 2026 · USD target midpoint: Dec 1996 – Nov 2026 · Quarterly samples + latest

Policy rate historyEUR steering rate, latest 2.50% on 2026-11-03; USD target midpoint, latest 3.88% on 2026-11-03. Exact values are available in the data table below.0.02.04.06.08.0Dec 1996Jun 2004Dec 2011May 2019Nov 2026EUR steering rate · Jan 1999: 3.00%EUR steering rate · Mar 1999: 3.00%EUR steering rate · Jun 1999: 2.50%EUR steering rate · Sept 1999: 2.50%EUR steering rate · Dec 1999: 3.00%EUR steering rate · Mar 2000: 3.50%EUR steering rate · Jun 2000: 4.25%EUR steering rate · Sept 2000: 4.50%EUR steering rate · Dec 2000: 4.75%EUR steering rate · Mar 2001: 4.75%EUR steering rate · Jun 2001: 4.50%EUR steering rate · Sept 2001: 3.75%EUR steering rate · Dec 2001: 3.25%EUR steering rate · Mar 2002: 3.25%EUR steering rate · Jun 2002: 3.25%EUR steering rate · Sept 2002: 3.25%EUR steering rate · Dec 2002: 2.75%EUR steering rate · Mar 2003: 2.50%EUR steering rate · Jun 2003: 2.00%EUR steering rate · Sept 2003: 2.00%EUR steering rate · Dec 2003: 2.00%EUR steering rate · Mar 2004: 2.00%EUR steering rate · Jun 2004: 2.00%EUR steering rate · Sept 2004: 2.00%EUR steering rate · Dec 2004: 2.00%EUR steering rate · Mar 2005: 2.00%EUR steering rate · Jun 2005: 2.00%EUR steering rate · Sept 2005: 2.00%EUR steering rate · Dec 2005: 2.25%EUR steering rate · Mar 2006: 2.50%EUR steering rate · Jun 2006: 2.75%EUR steering rate · Sept 2006: 3.00%EUR steering rate · Dec 2006: 3.50%EUR steering rate · Mar 2007: 3.75%EUR steering rate · Jun 2007: 4.00%EUR steering rate · Sept 2007: 4.00%EUR steering rate · Dec 2007: 4.00%EUR steering rate · Mar 2008: 4.00%EUR steering rate · Jun 2008: 4.00%EUR steering rate · Sept 2008: 4.25%EUR steering rate · Dec 2008: 2.50%EUR steering rate · Mar 2009: 1.50%EUR steering rate · Jun 2009: 1.00%EUR steering rate · Sept 2009: 1.00%EUR steering rate · Dec 2009: 1.00%EUR steering rate · Mar 2010: 1.00%EUR steering rate · Jun 2010: 1.00%EUR steering rate · Sept 2010: 1.00%EUR steering rate · Dec 2010: 1.00%EUR steering rate · Mar 2011: 1.00%EUR steering rate · Jun 2011: 1.25%EUR steering rate · Sept 2011: 1.50%EUR steering rate · Dec 2011: 1.00%EUR steering rate · Mar 2012: 1.00%EUR steering rate · Jun 2012: 1.00%EUR steering rate · Sept 2012: 0.75%EUR steering rate · Dec 2012: 0.75%EUR steering rate · Mar 2013: 0.75%EUR steering rate · Jun 2013: 0.50%EUR steering rate · Sept 2013: 0.50%EUR steering rate · Dec 2013: 0.25%EUR steering rate · Mar 2014: 0.25%EUR steering rate · Jun 2014: 0.15%EUR steering rate · Sept 2014: 0.05%EUR steering rate · Dec 2014: 0.05%EUR steering rate · Mar 2015: 0.05%EUR steering rate · Jun 2015: 0.05%EUR steering rate · Sept 2015: 0.05%EUR steering rate · Dec 2015: 0.05%EUR steering rate · Mar 2016: 0.00%EUR steering rate · Jun 2016: 0.00%EUR steering rate · Sept 2016: 0.00%EUR steering rate · Dec 2016: 0.00%EUR steering rate · Mar 2017: 0.00%EUR steering rate · Jun 2017: 0.00%EUR steering rate · Sept 2017: 0.00%EUR steering rate · Dec 2017: 0.00%EUR steering rate · Mar 2018: 0.00%EUR steering rate · Jun 2018: 0.00%EUR steering rate · Sept 2018: 0.00%EUR steering rate · Dec 2018: 0.00%EUR steering rate · Mar 2019: 0.00%EUR steering rate · Jun 2019: 0.00%EUR steering rate · Sept 2019: 0.00%EUR steering rate · Dec 2019: 0.00%EUR steering rate · Mar 2020: 0.00%EUR steering rate · Jun 2020: 0.00%EUR steering rate · Sept 2020: 0.00%EUR steering rate · Dec 2020: 0.00%EUR steering rate · Mar 2021: 0.00%EUR steering rate · Jun 2021: 0.00%EUR steering rate · Sept 2021: 0.00%EUR steering rate · Dec 2021: 0.00%EUR steering rate · Mar 2022: 0.00%EUR steering rate · Jun 2022: 0.00%EUR steering rate · Sept 2022: 1.25%EUR steering rate · Dec 2022: 2.50%EUR steering rate · Mar 2023: 3.50%EUR steering rate · Jun 2023: 4.00%EUR steering rate · Sept 2023: 4.50%EUR steering rate · Dec 2023: 4.50%EUR steering rate · Mar 2024: 4.50%EUR steering rate · Jun 2024: 4.25%EUR steering rate · Sept 2024: 3.50%EUR steering rate · Dec 2024: 3.00%EUR steering rate · Mar 2025: 2.50%EUR steering rate · Jun 2025: 2.00%EUR steering rate · Sept 2025: 2.00%EUR steering rate · Dec 2025: 2.00%EUR steering rate · Mar 2026: 2.00%EUR steering rate · Jun 2026: 2.25%EUR steering rate · Sept 2026: 2.50%EUR steering rate · Nov 2026: 2.50%USD target midpoint · Dec 1996: 5.25%USD target midpoint · Mar 1997: 5.50%USD target midpoint · Jun 1997: 5.50%USD target midpoint · Sept 1997: 5.50%USD target midpoint · Dec 1997: 5.50%USD target midpoint · Mar 1998: 5.50%USD target midpoint · Jun 1998: 5.50%USD target midpoint · Sept 1998: 5.25%USD target midpoint · Dec 1998: 4.75%USD target midpoint · Mar 1999: 4.75%USD target midpoint · Jun 1999: 5.00%USD target midpoint · Sept 1999: 5.25%USD target midpoint · Dec 1999: 5.50%USD target midpoint · Mar 2000: 6.00%USD target midpoint · Jun 2000: 6.50%USD target midpoint · Sept 2000: 6.50%USD target midpoint · Dec 2000: 6.50%USD target midpoint · Mar 2001: 5.00%USD target midpoint · Jun 2001: 3.75%USD target midpoint · Sept 2001: 3.00%USD target midpoint · Dec 2001: 1.75%USD target midpoint · Mar 2002: 1.75%USD target midpoint · Jun 2002: 1.75%USD target midpoint · Sept 2002: 1.75%USD target midpoint · Dec 2002: 1.25%USD target midpoint · Mar 2003: 1.25%USD target midpoint · Jun 2003: 1.00%USD target midpoint · Sept 2003: 1.00%USD target midpoint · Dec 2003: 1.00%USD target midpoint · Mar 2004: 1.00%USD target midpoint · Jun 2004: 1.25%USD target midpoint · Sept 2004: 1.75%USD target midpoint · Dec 2004: 2.25%USD target midpoint · Mar 2005: 2.75%USD target midpoint · Jun 2005: 3.25%USD target midpoint · Sept 2005: 3.75%USD target midpoint · Dec 2005: 4.25%USD target midpoint · Mar 2006: 4.75%USD target midpoint · Jun 2006: 5.25%USD target midpoint · Sept 2006: 5.25%USD target midpoint · Dec 2006: 5.25%USD target midpoint · Mar 2007: 5.25%USD target midpoint · Jun 2007: 5.25%USD target midpoint · Sept 2007: 4.75%USD target midpoint · Dec 2007: 4.25%USD target midpoint · Mar 2008: 2.25%USD target midpoint · Jun 2008: 2.00%USD target midpoint · Sept 2008: 2.00%USD target midpoint · Dec 2008: 0.13%USD target midpoint · Mar 2009: 0.13%USD target midpoint · Jun 2009: 0.13%USD target midpoint · Sept 2009: 0.13%USD target midpoint · Dec 2009: 0.13%USD target midpoint · Mar 2010: 0.13%USD target midpoint · Jun 2010: 0.13%USD target midpoint · Sept 2010: 0.13%USD target midpoint · Dec 2010: 0.13%USD target midpoint · Mar 2011: 0.13%USD target midpoint · Jun 2011: 0.13%USD target midpoint · Sept 2011: 0.13%USD target midpoint · Dec 2011: 0.13%USD target midpoint · Mar 2012: 0.13%USD target midpoint · Jun 2012: 0.13%USD target midpoint · Sept 2012: 0.13%USD target midpoint · Dec 2012: 0.13%USD target midpoint · Mar 2013: 0.13%USD target midpoint · Jun 2013: 0.13%USD target midpoint · Sept 2013: 0.13%USD target midpoint · Dec 2013: 0.13%USD target midpoint · Mar 2014: 0.13%USD target midpoint · Jun 2014: 0.13%USD target midpoint · Sept 2014: 0.13%USD target midpoint · Dec 2014: 0.13%USD target midpoint · Mar 2015: 0.13%USD target midpoint · Jun 2015: 0.13%USD target midpoint · Sept 2015: 0.13%USD target midpoint · Dec 2015: 0.38%USD target midpoint · Mar 2016: 0.38%USD target midpoint · Jun 2016: 0.38%USD target midpoint · Sept 2016: 0.38%USD target midpoint · Dec 2016: 0.63%USD target midpoint · Mar 2017: 0.88%USD target midpoint · Jun 2017: 1.13%USD target midpoint · Sept 2017: 1.13%USD target midpoint · Dec 2017: 1.38%USD target midpoint · Mar 2018: 1.63%USD target midpoint · Jun 2018: 1.88%USD target midpoint · Sept 2018: 2.13%USD target midpoint · Dec 2018: 2.38%USD target midpoint · Mar 2019: 2.38%USD target midpoint · Jun 2019: 2.38%USD target midpoint · Sept 2019: 1.88%USD target midpoint · Dec 2019: 1.63%USD target midpoint · Mar 2020: 0.13%USD target midpoint · Jun 2020: 0.13%USD target midpoint · Sept 2020: 0.13%USD target midpoint · Dec 2020: 0.13%USD target midpoint · Mar 2021: 0.13%USD target midpoint · Jun 2021: 0.13%USD target midpoint · Sept 2021: 0.13%USD target midpoint · Dec 2021: 0.13%USD target midpoint · Mar 2022: 0.38%USD target midpoint · Jun 2022: 1.63%USD target midpoint · Sept 2022: 3.13%USD target midpoint · Dec 2022: 4.38%USD target midpoint · Mar 2023: 4.88%USD target midpoint · Jun 2023: 5.13%USD target midpoint · Sept 2023: 5.38%USD target midpoint · Dec 2023: 5.38%USD target midpoint · Mar 2024: 5.38%USD target midpoint · Jun 2024: 5.38%USD target midpoint · Sept 2024: 4.88%USD target midpoint · Dec 2024: 4.38%USD target midpoint · Mar 2025: 4.38%USD target midpoint · Jun 2025: 4.38%USD target midpoint · Sept 2025: 4.13%USD target midpoint · Dec 2025: 3.63%USD target midpoint · Mar 2026: 3.63%USD target midpoint · Jun 2026: 3.63%USD target midpoint · Sept 2026: 3.88%USD target midpoint · Nov 2026: 3.88%Hover a point, or use the data table for exact values.
View chart data ↓
Policy rate history · percent
PeriodCurrencyValue
2026-11-03EUR steering rate2.50%
2026-11-03USD target midpoint3.88%
2026-09-30EUR steering rate2.50%
2026-09-30USD target midpoint3.88%
2026-06-30EUR steering rate2.25%
2026-06-30USD target midpoint3.63%
2026-03-31EUR steering rate2.00%
2026-03-31USD target midpoint3.63%
2025-12-31EUR steering rate2.00%
2025-12-31USD target midpoint3.63%
2025-09-30EUR steering rate2.00%
2025-09-30USD target midpoint4.13%
2025-06-30EUR steering rate2.00%
2025-06-30USD target midpoint4.38%
2025-03-31EUR steering rate2.50%
2025-03-31USD target midpoint4.38%
2024-12-31EUR steering rate3.00%
2024-12-31USD target midpoint4.38%
2024-09-30EUR steering rate3.50%
2024-09-30USD target midpoint4.88%
2024-06-30EUR steering rate4.25%
2024-06-30USD target midpoint5.38%
2024-03-31EUR steering rate4.50%
2024-03-31USD target midpoint5.38%
2023-12-31EUR steering rate4.50%
2023-12-31USD target midpoint5.38%
2023-09-30EUR steering rate4.50%
2023-09-30USD target midpoint5.38%
2023-06-30EUR steering rate4.00%
2023-06-30USD target midpoint5.13%
2023-03-31EUR steering rate3.50%
2023-03-31USD target midpoint4.88%
2022-12-31EUR steering rate2.50%
2022-12-31USD target midpoint4.38%
2022-09-30EUR steering rate1.25%
2022-09-30USD target midpoint3.13%
2022-06-30EUR steering rate0.00%
2022-06-30USD target midpoint1.63%
2022-03-31EUR steering rate0.00%
2022-03-31USD target midpoint0.38%
2021-12-31EUR steering rate0.00%
2021-12-31USD target midpoint0.13%
2021-09-30EUR steering rate0.00%
2021-09-30USD target midpoint0.13%
2021-06-30EUR steering rate0.00%
2021-06-30USD target midpoint0.13%
2021-03-31EUR steering rate0.00%
2021-03-31USD target midpoint0.13%
2020-12-31EUR steering rate0.00%
2020-12-31USD target midpoint0.13%
2020-09-30EUR steering rate0.00%
2020-09-30USD target midpoint0.13%
2020-06-30EUR steering rate0.00%
2020-06-30USD target midpoint0.13%
2020-03-31EUR steering rate0.00%
2020-03-31USD target midpoint0.13%
2019-12-31EUR steering rate0.00%
2019-12-31USD target midpoint1.63%
2019-09-30EUR steering rate0.00%
2019-09-30USD target midpoint1.88%
2019-06-30EUR steering rate0.00%
2019-06-30USD target midpoint2.38%
2019-03-31EUR steering rate0.00%
2019-03-31USD target midpoint2.38%
2018-12-31EUR steering rate0.00%
2018-12-31USD target midpoint2.38%
2018-09-30EUR steering rate0.00%
2018-09-30USD target midpoint2.13%
2018-06-30EUR steering rate0.00%
2018-06-30USD target midpoint1.88%
2018-03-31EUR steering rate0.00%
2018-03-31USD target midpoint1.63%
2017-12-31EUR steering rate0.00%
2017-12-31USD target midpoint1.38%
2017-09-30EUR steering rate0.00%
2017-09-30USD target midpoint1.13%
2017-06-30EUR steering rate0.00%
2017-06-30USD target midpoint1.13%
2017-03-31EUR steering rate0.00%
2017-03-31USD target midpoint0.88%
2016-12-31EUR steering rate0.00%
2016-12-31USD target midpoint0.63%
2016-09-30EUR steering rate0.00%
2016-09-30USD target midpoint0.38%
2016-06-30EUR steering rate0.00%
2016-06-30USD target midpoint0.38%
2016-03-31EUR steering rate0.00%
2016-03-31USD target midpoint0.38%
2015-12-31EUR steering rate0.05%
2015-12-31USD target midpoint0.38%
2015-09-30EUR steering rate0.05%
2015-09-30USD target midpoint0.13%
2015-06-30EUR steering rate0.05%
2015-06-30USD target midpoint0.13%
2015-03-31EUR steering rate0.05%
2015-03-31USD target midpoint0.13%
2014-12-31EUR steering rate0.05%
2014-12-31USD target midpoint0.13%
2014-09-30EUR steering rate0.05%
2014-09-30USD target midpoint0.13%
2014-06-30EUR steering rate0.15%
2014-06-30USD target midpoint0.13%
2014-03-31EUR steering rate0.25%
2014-03-31USD target midpoint0.13%
2013-12-31EUR steering rate0.25%
2013-12-31USD target midpoint0.13%
2013-09-30EUR steering rate0.50%
2013-09-30USD target midpoint0.13%
2013-06-30EUR steering rate0.50%
2013-06-30USD target midpoint0.13%
2013-03-31EUR steering rate0.75%
2013-03-31USD target midpoint0.13%
2012-12-31EUR steering rate0.75%
2012-12-31USD target midpoint0.13%
2012-09-30EUR steering rate0.75%
2012-09-30USD target midpoint0.13%
2012-06-30EUR steering rate1.00%
2012-06-30USD target midpoint0.13%
2012-03-31EUR steering rate1.00%
2012-03-31USD target midpoint0.13%
2011-12-31EUR steering rate1.00%
2011-12-31USD target midpoint0.13%
2011-09-30EUR steering rate1.50%
2011-09-30USD target midpoint0.13%
2011-06-30EUR steering rate1.25%
2011-06-30USD target midpoint0.13%
2011-03-31EUR steering rate1.00%
2011-03-31USD target midpoint0.13%
2010-12-31EUR steering rate1.00%
2010-12-31USD target midpoint0.13%
2010-09-30EUR steering rate1.00%
2010-09-30USD target midpoint0.13%
2010-06-30EUR steering rate1.00%
2010-06-30USD target midpoint0.13%
2010-03-31EUR steering rate1.00%
2010-03-31USD target midpoint0.13%
2009-12-31EUR steering rate1.00%
2009-12-31USD target midpoint0.13%
2009-09-30EUR steering rate1.00%
2009-09-30USD target midpoint0.13%
2009-06-30EUR steering rate1.00%
2009-06-30USD target midpoint0.13%
2009-03-31EUR steering rate1.50%
2009-03-31USD target midpoint0.13%
2008-12-31EUR steering rate2.50%
2008-12-31USD target midpoint0.13%
2008-09-30EUR steering rate4.25%
2008-09-30USD target midpoint2.00%
2008-06-30EUR steering rate4.00%
2008-06-30USD target midpoint2.00%
2008-03-31EUR steering rate4.00%
2008-03-31USD target midpoint2.25%
2007-12-31EUR steering rate4.00%
2007-12-31USD target midpoint4.25%
2007-09-30EUR steering rate4.00%
2007-09-30USD target midpoint4.75%
2007-06-30EUR steering rate4.00%
2007-06-30USD target midpoint5.25%
2007-03-31EUR steering rate3.75%
2007-03-31USD target midpoint5.25%
2006-12-31EUR steering rate3.50%
2006-12-31USD target midpoint5.25%
2006-09-30EUR steering rate3.00%
2006-09-30USD target midpoint5.25%
2006-06-30EUR steering rate2.75%
2006-06-30USD target midpoint5.25%
2006-03-31EUR steering rate2.50%
2006-03-31USD target midpoint4.75%
2005-12-31EUR steering rate2.25%
2005-12-31USD target midpoint4.25%
2005-09-30EUR steering rate2.00%
2005-09-30USD target midpoint3.75%
2005-06-30EUR steering rate2.00%
2005-06-30USD target midpoint3.25%
2005-03-31EUR steering rate2.00%
2005-03-31USD target midpoint2.75%
2004-12-31EUR steering rate2.00%
2004-12-31USD target midpoint2.25%
2004-09-30EUR steering rate2.00%
2004-09-30USD target midpoint1.75%
2004-06-30EUR steering rate2.00%
2004-06-30USD target midpoint1.25%
2004-03-31EUR steering rate2.00%
2004-03-31USD target midpoint1.00%
2003-12-31EUR steering rate2.00%
2003-12-31USD target midpoint1.00%
2003-09-30EUR steering rate2.00%
2003-09-30USD target midpoint1.00%
2003-06-30EUR steering rate2.00%
2003-06-30USD target midpoint1.00%
2003-03-31EUR steering rate2.50%
2003-03-31USD target midpoint1.25%
2002-12-31EUR steering rate2.75%
2002-12-31USD target midpoint1.25%
2002-09-30EUR steering rate3.25%
2002-09-30USD target midpoint1.75%
2002-06-30EUR steering rate3.25%
2002-06-30USD target midpoint1.75%
2002-03-31EUR steering rate3.25%
2002-03-31USD target midpoint1.75%
2001-12-31EUR steering rate3.25%
2001-12-31USD target midpoint1.75%
2001-09-30EUR steering rate3.75%
2001-09-30USD target midpoint3.00%
2001-06-30EUR steering rate4.50%
2001-06-30USD target midpoint3.75%
2001-03-31EUR steering rate4.75%
2001-03-31USD target midpoint5.00%
2000-12-31EUR steering rate4.75%
2000-12-31USD target midpoint6.50%
2000-09-30EUR steering rate4.50%
2000-09-30USD target midpoint6.50%
2000-06-30EUR steering rate4.25%
2000-06-30USD target midpoint6.50%
2000-03-31EUR steering rate3.50%
2000-03-31USD target midpoint6.00%
1999-12-31EUR steering rate3.00%
1999-12-31USD target midpoint5.50%
1999-09-30EUR steering rate2.50%
1999-09-30USD target midpoint5.25%
1999-06-30EUR steering rate2.50%
1999-06-30USD target midpoint5.00%
1999-03-31EUR steering rate3.00%
1999-03-31USD target midpoint4.75%
1999-01-31EUR steering rate3.00%
1998-12-31USD target midpoint4.75%
1998-09-30USD target midpoint5.25%
1998-06-30USD target midpoint5.50%
1998-03-31USD target midpoint5.50%
1997-12-31USD target midpoint5.50%
1997-09-30USD target midpoint5.50%
1997-06-30USD target midpoint5.50%
1997-03-31USD target midpoint5.50%
1996-12-31USD target midpoint5.25%

EUR steering rate: BIS · USD target midpoint: BIS · Quarter-end samples plus the latest observation. Coverage dates are shown above the chart.

History follows the BIS policy benchmark. USD is the Fed target midpoint. EUR is MRO until 17 September 2024, then the deposit facility rate. Current-rate cards use their labelled benchmarks. Historical instruments can differ; see definitions below.

Historical rate definitions ↓

EUR steering rate: From 18 Sep 2024 onwards: official central bank steering rate is the deposit facility rate, fixed rate; from 15 Oct 2008 to 17 Sep 2024: official central bank liquidity providing, main refinancing operations, fixed rate; from 28 Jun 2000 to 14 Oct 2008: official central bank liquidity providing, main refinancing operations, minimum bid rate; from 5 Jan 1999 to 27 Jun 2000: official central bank liquidity providing, main refinancing operations, fixed rate.

USD target midpoint: From 19 Dec 1985 onwards: mid-point of the Federal Reserve target rate; from 1 Jul 1954 to 18 Dec 1985: US Fed Funds effective rate.

02 / Economic momentum

What is happening beneath the currency?

Prices reveal inflation pressure. Growth shows the pace of the underlying economy.

Is inflation cooling?

Annual change, %
EUR 4.00%USD 3.74%

EUR: Nov 2006 – Oct 2026 · USD: Nov 2006 – Sept 2026 · Quarterly samples + latest

Consumer price inflationEUR, latest 4.00% on 2026-10-31; USD, latest 3.74% on 2026-09-30. Exact values are available in the data table below.-5.00.05.010.0Nov 2006Nov 2011Nov 2016Nov 2021Oct 2026EUR · Nov 2006: 1.90%EUR · Dec 2006: 1.90%EUR · Mar 2007: 1.90%EUR · Jun 2007: 1.90%EUR · Sept 2007: 2.10%EUR · Dec 2007: 3.10%EUR · Mar 2008: 3.60%EUR · Jun 2008: 4.00%EUR · Sept 2008: 3.70%EUR · Dec 2008: 1.60%EUR · Mar 2009: 0.60%EUR · Jun 2009: -0.10%EUR · Sept 2009: -0.30%EUR · Dec 2009: 0.90%EUR · Mar 2010: 1.60%EUR · Jun 2010: 1.50%EUR · Sept 2010: 1.90%EUR · Dec 2010: 2.20%EUR · Mar 2011: 2.70%EUR · Jun 2011: 2.70%EUR · Sept 2011: 3.00%EUR · Dec 2011: 2.80%EUR · Mar 2012: 2.70%EUR · Jun 2012: 2.40%EUR · Sept 2012: 2.60%EUR · Dec 2012: 2.20%EUR · Mar 2013: 1.70%EUR · Jun 2013: 1.60%EUR · Sept 2013: 1.10%EUR · Dec 2013: 0.80%EUR · Mar 2014: 0.50%EUR · Jun 2014: 0.50%EUR · Sept 2014: 0.30%EUR · Dec 2014: -0.20%EUR · Mar 2015: -0.10%EUR · Jun 2015: 0.50%EUR · Sept 2015: 0.20%EUR · Dec 2015: 0.20%EUR · Mar 2016: 0.00%EUR · Jun 2016: 0.10%EUR · Sept 2016: 0.40%EUR · Dec 2016: 1.10%EUR · Mar 2017: 1.50%EUR · Jun 2017: 1.30%EUR · Sept 2017: 1.60%EUR · Dec 2017: 1.30%EUR · Mar 2018: 1.40%EUR · Jun 2018: 2.00%EUR · Sept 2018: 2.10%EUR · Dec 2018: 1.50%EUR · Mar 2019: 1.40%EUR · Jun 2019: 1.30%EUR · Sept 2019: 0.80%EUR · Dec 2019: 1.30%EUR · Mar 2020: 0.70%EUR · Jun 2020: 0.30%EUR · Sept 2020: -0.30%EUR · Dec 2020: -0.30%EUR · Mar 2021: 1.30%EUR · Jun 2021: 1.90%EUR · Sept 2021: 3.40%EUR · Dec 2021: 5.00%EUR · Mar 2022: 7.40%EUR · Jun 2022: 8.60%EUR · Sept 2022: 9.90%EUR · Dec 2022: 9.20%EUR · Mar 2023: 6.90%EUR · Jun 2023: 5.50%EUR · Sept 2023: 4.30%EUR · Dec 2023: 2.90%EUR · Mar 2024: 2.40%EUR · Jun 2024: 2.50%EUR · Sept 2024: 1.70%EUR · Dec 2024: 2.40%EUR · Mar 2025: 2.20%EUR · Jun 2025: 2.00%EUR · Sept 2025: 2.20%EUR · Dec 2025: 2.00%EUR · Mar 2026: 2.60%EUR · Jun 2026: 2.80%EUR · Sept 2026: 3.80%EUR · Oct 2026: 4.00%USD · Nov 2006: 1.97%USD · Dec 2006: 2.54%USD · Mar 2007: 2.78%USD · Jun 2007: 2.69%USD · Sept 2007: 2.76%USD · Dec 2007: 4.08%USD · Mar 2008: 3.98%USD · Jun 2008: 5.02%USD · Sept 2008: 4.94%USD · Dec 2008: 0.09%USD · Mar 2009: -0.38%USD · Jun 2009: -1.43%USD · Sept 2009: -1.29%USD · Dec 2009: 2.72%USD · Mar 2010: 2.31%USD · Jun 2010: 1.05%USD · Sept 2010: 1.14%USD · Dec 2010: 1.50%USD · Mar 2011: 2.68%USD · Jun 2011: 3.56%USD · Sept 2011: 3.87%USD · Dec 2011: 2.96%USD · Mar 2012: 2.65%USD · Jun 2012: 1.66%USD · Sept 2012: 1.99%USD · Dec 2012: 1.74%USD · Mar 2013: 1.47%USD · Jun 2013: 1.75%USD · Sept 2013: 1.18%USD · Dec 2013: 1.50%USD · Mar 2014: 1.51%USD · Jun 2014: 2.07%USD · Sept 2014: 1.66%USD · Dec 2014: 0.76%USD · Mar 2015: -0.07%USD · Jun 2015: 0.12%USD · Sept 2015: -0.04%USD · Dec 2015: 0.73%USD · Mar 2016: 0.85%USD · Jun 2016: 1.00%USD · Sept 2016: 1.46%USD · Dec 2016: 2.07%USD · Mar 2017: 2.38%USD · Jun 2017: 1.63%USD · Sept 2017: 2.23%USD · Dec 2017: 2.11%USD · Mar 2018: 2.36%USD · Jun 2018: 2.87%USD · Sept 2018: 2.28%USD · Dec 2018: 1.91%USD · Mar 2019: 1.86%USD · Jun 2019: 1.65%USD · Sept 2019: 1.71%USD · Dec 2019: 2.29%USD · Mar 2020: 1.54%USD · Jun 2020: 0.65%USD · Sept 2020: 1.37%USD · Dec 2020: 1.36%USD · Mar 2021: 2.62%USD · Jun 2021: 5.39%USD · Sept 2021: 5.39%USD · Dec 2021: 7.04%USD · Mar 2022: 8.54%USD · Jun 2022: 9.06%USD · Sept 2022: 8.20%USD · Dec 2022: 6.45%USD · Mar 2023: 4.98%USD · Jun 2023: 2.97%USD · Sept 2023: 3.70%USD · Dec 2023: 3.35%USD · Mar 2024: 3.48%USD · Jun 2024: 2.97%USD · Sept 2024: 2.44%USD · Dec 2024: 2.89%USD · Mar 2025: 2.39%USD · Jun 2025: 2.67%USD · Sept 2025: 3.01%USD · Dec 2025: 2.68%USD · Mar 2026: 3.26%USD · Jun 2026: 3.53%USD · Sept 2026: 3.74%Hover a point, or use the data table for exact values.
View chart data ↓
Consumer price inflation · percent
PeriodCurrencyValue
2026-10-31EUR4.00%
2026-09-30EUR3.80%
2026-09-30USD3.74%
2026-06-30EUR2.80%
2026-06-30USD3.53%
2026-03-31EUR2.60%
2026-03-31USD3.26%
2025-12-31EUR2.00%
2025-12-31USD2.68%
2025-09-30EUR2.20%
2025-09-30USD3.01%
2025-06-30EUR2.00%
2025-06-30USD2.67%
2025-03-31EUR2.20%
2025-03-31USD2.39%
2024-12-31EUR2.40%
2024-12-31USD2.89%
2024-09-30EUR1.70%
2024-09-30USD2.44%
2024-06-30EUR2.50%
2024-06-30USD2.97%
2024-03-31EUR2.40%
2024-03-31USD3.48%
2023-12-31EUR2.90%
2023-12-31USD3.35%
2023-09-30EUR4.30%
2023-09-30USD3.70%
2023-06-30EUR5.50%
2023-06-30USD2.97%
2023-03-31EUR6.90%
2023-03-31USD4.98%
2022-12-31EUR9.20%
2022-12-31USD6.45%
2022-09-30EUR9.90%
2022-09-30USD8.20%
2022-06-30EUR8.60%
2022-06-30USD9.06%
2022-03-31EUR7.40%
2022-03-31USD8.54%
2021-12-31EUR5.00%
2021-12-31USD7.04%
2021-09-30EUR3.40%
2021-09-30USD5.39%
2021-06-30EUR1.90%
2021-06-30USD5.39%
2021-03-31EUR1.30%
2021-03-31USD2.62%
2020-12-31EUR-0.30%
2020-12-31USD1.36%
2020-09-30EUR-0.30%
2020-09-30USD1.37%
2020-06-30EUR0.30%
2020-06-30USD0.65%
2020-03-31EUR0.70%
2020-03-31USD1.54%
2019-12-31EUR1.30%
2019-12-31USD2.29%
2019-09-30EUR0.80%
2019-09-30USD1.71%
2019-06-30EUR1.30%
2019-06-30USD1.65%
2019-03-31EUR1.40%
2019-03-31USD1.86%
2018-12-31EUR1.50%
2018-12-31USD1.91%
2018-09-30EUR2.10%
2018-09-30USD2.28%
2018-06-30EUR2.00%
2018-06-30USD2.87%
2018-03-31EUR1.40%
2018-03-31USD2.36%
2017-12-31EUR1.30%
2017-12-31USD2.11%
2017-09-30EUR1.60%
2017-09-30USD2.23%
2017-06-30EUR1.30%
2017-06-30USD1.63%
2017-03-31EUR1.50%
2017-03-31USD2.38%
2016-12-31EUR1.10%
2016-12-31USD2.07%
2016-09-30EUR0.40%
2016-09-30USD1.46%
2016-06-30EUR0.10%
2016-06-30USD1.00%
2016-03-31EUR0.00%
2016-03-31USD0.85%
2015-12-31EUR0.20%
2015-12-31USD0.73%
2015-09-30EUR0.20%
2015-09-30USD-0.04%
2015-06-30EUR0.50%
2015-06-30USD0.12%
2015-03-31EUR-0.10%
2015-03-31USD-0.07%
2014-12-31EUR-0.20%
2014-12-31USD0.76%
2014-09-30EUR0.30%
2014-09-30USD1.66%
2014-06-30EUR0.50%
2014-06-30USD2.07%
2014-03-31EUR0.50%
2014-03-31USD1.51%
2013-12-31EUR0.80%
2013-12-31USD1.50%
2013-09-30EUR1.10%
2013-09-30USD1.18%
2013-06-30EUR1.60%
2013-06-30USD1.75%
2013-03-31EUR1.70%
2013-03-31USD1.47%
2012-12-31EUR2.20%
2012-12-31USD1.74%
2012-09-30EUR2.60%
2012-09-30USD1.99%
2012-06-30EUR2.40%
2012-06-30USD1.66%
2012-03-31EUR2.70%
2012-03-31USD2.65%
2011-12-31EUR2.80%
2011-12-31USD2.96%
2011-09-30EUR3.00%
2011-09-30USD3.87%
2011-06-30EUR2.70%
2011-06-30USD3.56%
2011-03-31EUR2.70%
2011-03-31USD2.68%
2010-12-31EUR2.20%
2010-12-31USD1.50%
2010-09-30EUR1.90%
2010-09-30USD1.14%
2010-06-30EUR1.50%
2010-06-30USD1.05%
2010-03-31EUR1.60%
2010-03-31USD2.31%
2009-12-31EUR0.90%
2009-12-31USD2.72%
2009-09-30EUR-0.30%
2009-09-30USD-1.29%
2009-06-30EUR-0.10%
2009-06-30USD-1.43%
2009-03-31EUR0.60%
2009-03-31USD-0.38%
2008-12-31EUR1.60%
2008-12-31USD0.09%
2008-09-30EUR3.70%
2008-09-30USD4.94%
2008-06-30EUR4.00%
2008-06-30USD5.02%
2008-03-31EUR3.60%
2008-03-31USD3.98%
2007-12-31EUR3.10%
2007-12-31USD4.08%
2007-09-30EUR2.10%
2007-09-30USD2.76%
2007-06-30EUR1.90%
2007-06-30USD2.69%
2007-03-31EUR1.90%
2007-03-31USD2.78%
2006-12-31EUR1.90%
2006-12-31USD2.54%
2006-11-30EUR1.90%
2006-11-30USD1.97%

Falling inflation means prices are rising more slowly—not necessarily falling.

EUR: ECB · USD: OECD · Headline measures; baskets differ.

Which economy is growing faster?

Year over year, %
EUR 1.30%USD 2.07%

EUR: Dec 2016 – Sept 2026 · USD: Dec 2016 – Sept 2026

Real GDP growthEUR, latest 1.30% on 2026-09-30; USD, latest 2.07% on 2026-09-30. Exact values are available in the data table below.-20-1001020Dec 2016Jun 2019Nov 2021Apr 2024Sept 2026EUR · Dec 2016: 2.01%EUR · Mar 2017: 2.27%EUR · Jun 2017: 2.79%EUR · Sept 2017: 3.07%EUR · Dec 2017: 3.08%EUR · Mar 2018: 2.33%EUR · Jun 2018: 2.13%EUR · Sept 2018: 1.50%EUR · Dec 2018: 1.19%EUR · Mar 2019: 1.93%EUR · Jun 2019: 1.75%EUR · Sept 2019: 1.86%EUR · Dec 2019: 1.18%EUR · Mar 2020: -2.74%EUR · Jun 2020: -13.84%EUR · Sept 2020: -4.16%EUR · Dec 2020: -3.74%EUR · Mar 2021: 0.28%EUR · Jun 2021: 15.24%EUR · Sept 2021: 5.23%EUR · Mar 2022: 5.55%EUR · Jun 2022: 4.32%EUR · Sept 2022: 3.00%EUR · Dec 2022: 2.21%EUR · Mar 2023: 1.24%EUR · Jun 2023: 0.50%EUR · Sept 2023: 0.14%EUR · Dec 2023: 0.21%EUR · Mar 2024: 0.84%EUR · Jun 2024: 0.87%EUR · Sept 2024: 1.22%EUR · Dec 2024: 1.54%EUR · Mar 2025: 1.60%EUR · Jun 2025: 1.40%EUR · Sept 2025: 1.17%EUR · Dec 2025: 1.07%EUR · Mar 2026: 0.58%EUR · Jun 2026: 1.20%EUR · Sept 2026: 1.30%EUR · Dec 2016: 2.01%EUR · Mar 2017: 2.27%EUR · Jun 2017: 2.79%EUR · Sept 2017: 3.07%EUR · Dec 2017: 3.08%EUR · Mar 2018: 2.33%EUR · Jun 2018: 2.13%EUR · Sept 2018: 1.50%EUR · Dec 2018: 1.19%EUR · Mar 2019: 1.93%EUR · Jun 2019: 1.75%EUR · Sept 2019: 1.86%EUR · Dec 2019: 1.18%EUR · Mar 2020: -2.74%EUR · Jun 2020: -13.84%EUR · Sept 2020: -4.16%EUR · Dec 2020: -3.74%EUR · Mar 2021: 0.28%EUR · Jun 2021: 15.24%EUR · Sept 2021: 5.23%EUR · Mar 2022: 5.55%EUR · Jun 2022: 4.32%EUR · Sept 2022: 3.00%EUR · Dec 2022: 2.21%EUR · Mar 2023: 1.24%EUR · Jun 2023: 0.50%EUR · Sept 2023: 0.14%EUR · Dec 2023: 0.21%EUR · Mar 2024: 0.84%EUR · Jun 2024: 0.87%EUR · Sept 2024: 1.22%EUR · Dec 2024: 1.54%EUR · Mar 2025: 1.60%EUR · Jun 2025: 1.40%EUR · Sept 2025: 1.17%EUR · Dec 2025: 1.07%EUR · Mar 2026: 0.58%EUR · Jun 2026: 1.20%EUR · Sept 2026: 1.30%USD · Dec 2016: 2.18%USD · Mar 2017: 2.09%USD · Jun 2017: 2.33%USD · Sept 2017: 2.41%USD · Dec 2017: 2.99%USD · Mar 2018: 3.33%USD · Jun 2018: 3.30%USD · Sept 2018: 3.13%USD · Dec 2018: 2.13%USD · Mar 2019: 1.93%USD · Jun 2019: 2.24%USD · Sept 2019: 2.80%USD · Dec 2019: 3.35%USD · Mar 2020: 1.36%USD · Jun 2020: -7.40%USD · Sept 2020: -1.36%USD · Dec 2020: -0.92%USD · Mar 2021: 1.92%USD · Jun 2021: 12.56%USD · Sept 2021: 5.27%USD · Mar 2022: 3.98%USD · Jun 2022: 2.34%USD · Sept 2022: 2.23%USD · Dec 2022: 1.23%USD · Mar 2023: 2.33%USD · Jun 2023: 2.74%USD · Sept 2023: 3.18%USD · Dec 2023: 3.42%USD · Mar 2024: 2.93%USD · Jun 2024: 3.29%USD · Sept 2024: 2.95%USD · Dec 2024: 2.64%USD · Mar 2025: 2.31%USD · Jun 2025: 2.42%USD · Sept 2025: 2.60%USD · Dec 2025: 2.05%USD · Mar 2026: 2.64%USD · Jun 2026: 2.19%USD · Sept 2026: 2.07%USD · Dec 2016: 2.18%USD · Mar 2017: 2.09%USD · Jun 2017: 2.33%USD · Sept 2017: 2.41%USD · Dec 2017: 2.99%USD · Mar 2018: 3.33%USD · Jun 2018: 3.30%USD · Sept 2018: 3.13%USD · Dec 2018: 2.13%USD · Mar 2019: 1.93%USD · Jun 2019: 2.24%USD · Sept 2019: 2.80%USD · Dec 2019: 3.35%USD · Mar 2020: 1.36%USD · Jun 2020: -7.40%USD · Sept 2020: -1.36%USD · Dec 2020: -0.92%USD · Mar 2021: 1.92%USD · Jun 2021: 12.56%USD · Sept 2021: 5.27%USD · Mar 2022: 3.98%USD · Jun 2022: 2.34%USD · Sept 2022: 2.23%USD · Dec 2022: 1.23%USD · Mar 2023: 2.33%USD · Jun 2023: 2.74%USD · Sept 2023: 3.18%USD · Dec 2023: 3.42%USD · Mar 2024: 2.93%USD · Jun 2024: 3.29%USD · Sept 2024: 2.95%USD · Dec 2024: 2.64%USD · Mar 2025: 2.31%USD · Jun 2025: 2.42%USD · Sept 2025: 2.60%USD · Dec 2025: 2.05%USD · Mar 2026: 2.64%USD · Jun 2026: 2.19%USD · Sept 2026: 2.07%Hover a point, or use the data table for exact values.
View chart data ↓
Real GDP growth · percent
PeriodCurrencyValue
2026-09-30EUR1.30%
2026-09-30USD2.07%
2026-06-30EUR1.20%
2026-06-30USD2.19%
2026-03-31EUR0.58%
2026-03-31USD2.64%
2025-12-31EUR1.07%
2025-12-31USD2.05%
2025-09-30EUR1.17%
2025-09-30USD2.60%
2025-06-30EUR1.40%
2025-06-30USD2.42%
2025-03-31EUR1.60%
2025-03-31USD2.31%
2024-12-31EUR1.54%
2024-12-31USD2.64%
2024-09-30EUR1.22%
2024-09-30USD2.95%
2024-06-30EUR0.87%
2024-06-30USD3.29%
2024-03-31EUR0.84%
2024-03-31USD2.93%
2023-12-31EUR0.21%
2023-12-31USD3.42%
2023-09-30EUR0.14%
2023-09-30USD3.18%
2023-06-30EUR0.50%
2023-06-30USD2.74%
2023-03-31EUR1.24%
2023-03-31USD2.33%
2022-12-31EUR2.21%
2022-12-31USD1.23%
2022-09-30EUR3.00%
2022-09-30USD2.23%
2022-06-30EUR4.32%
2022-06-30USD2.34%
2022-03-31EUR5.55%
2022-03-31USD3.98%
2021-09-30EUR5.23%
2021-09-30USD5.27%
2021-06-30EUR15.24%
2021-06-30USD12.56%
2021-03-31EUR0.28%
2021-03-31USD1.92%
2020-12-31EUR-3.74%
2020-12-31USD-0.92%
2020-09-30EUR-4.16%
2020-09-30USD-1.36%
2020-06-30EUR-13.84%
2020-06-30USD-7.40%
2020-03-31EUR-2.74%
2020-03-31USD1.36%
2019-12-31EUR1.18%
2019-12-31USD3.35%
2019-09-30EUR1.86%
2019-09-30USD2.80%
2019-06-30EUR1.75%
2019-06-30USD2.24%
2019-03-31EUR1.93%
2019-03-31USD1.93%
2018-12-31EUR1.19%
2018-12-31USD2.13%
2018-09-30EUR1.50%
2018-09-30USD3.13%
2018-06-30EUR2.13%
2018-06-30USD3.30%
2018-03-31EUR2.33%
2018-03-31USD3.33%
2017-12-31EUR3.08%
2017-12-31USD2.99%
2017-09-30EUR3.07%
2017-09-30USD2.41%
2017-06-30EUR2.79%
2017-06-30USD2.33%
2017-03-31EUR2.27%
2017-03-31USD2.09%
2016-12-31EUR2.01%
2016-12-31USD2.18%

Bars above zero show a larger economy than a year earlier. Below zero indicates contraction.

EUR: OECD · USD: OECD · Quarterly observations · Max shows all GDP history in this publication. Euro-area series uses EA20.

03 / Money & liquidity

Follow the layers
of money.

Choose the aggregate, then compare its expansion. The index starts at 100 so different currencies can be read on the same scale.

M1 · Ready to spend
Cash and immediately accessible deposits. US M1 expanded in May 2020 to include savings deposits; the earlier definition stays separate.

M2 · Money plus liquid savings
Includes M1 and additional savings or short-term deposits. National definitions differ.

M3 · The broader layer
Where published, includes M2 and selected larger deposits or marketable instruments. The US stopped publishing M3 in 2006.

EUR M216.49 trillion EUR
USD M223.41 trillion USD

M1 is included in M2, and M2 in M3 where defined. Do not sum these layers. Amounts in different currencies are not directly comparable.

M2 relative expansion

EUR 247.50USD 330.74

EUR: Dec 2006 – Sept 2026 · USD: Dec 2006 – Sept 2026 · Quarterly samples + latest

M2 indexed to a common starting monthEUR, latest 247.50 index points on 2026-09-30; USD, latest 330.74 index points on 2026-09-30. Exact values are available in the data table below.0100200300400Dec 2006Dec 2011Nov 2016Oct 2021Sept 2026EUR · Dec 2006: 100.00 index pointsEUR · Mar 2007: 102.43 index pointsEUR · Jun 2007: 104.86 index pointsEUR · Sept 2007: 107.48 index pointsEUR · Dec 2007: 110.40 index pointsEUR · Mar 2008: 113.11 index pointsEUR · Jun 2008: 115.56 index pointsEUR · Sept 2008: 118.04 index pointsEUR · Dec 2008: 120.69 index pointsEUR · Mar 2009: 121.46 index pointsEUR · Jun 2009: 122.39 index pointsEUR · Sept 2009: 122.90 index pointsEUR · Dec 2009: 123.18 index pointsEUR · Mar 2010: 123.52 index pointsEUR · Jun 2010: 124.78 index pointsEUR · Sept 2010: 125.58 index pointsEUR · Dec 2010: 126.41 index pointsEUR · Mar 2011: 126.94 index pointsEUR · Jun 2011: 127.50 index pointsEUR · Sept 2011: 128.97 index pointsEUR · Dec 2011: 129.17 index pointsEUR · Mar 2012: 130.91 index pointsEUR · Jun 2012: 131.75 index pointsEUR · Sept 2012: 133.20 index pointsEUR · Dec 2012: 135.04 index pointsEUR · Mar 2013: 136.26 index pointsEUR · Jun 2013: 136.97 index pointsEUR · Sept 2013: 138.05 index pointsEUR · Dec 2013: 138.25 index pointsEUR · Mar 2014: 139.34 index pointsEUR · Jun 2014: 140.51 index pointsEUR · Sept 2014: 142.31 index pointsEUR · Dec 2014: 145.21 index pointsEUR · Mar 2015: 147.31 index pointsEUR · Jun 2015: 149.29 index pointsEUR · Sept 2015: 150.98 index pointsEUR · Dec 2015: 153.34 index pointsEUR · Mar 2016: 155.22 index pointsEUR · Jun 2016: 156.86 index pointsEUR · Sept 2016: 158.62 index pointsEUR · Dec 2016: 160.74 index pointsEUR · Mar 2017: 163.31 index pointsEUR · Jun 2017: 164.91 index pointsEUR · Sept 2017: 166.51 index pointsEUR · Dec 2017: 168.21 index pointsEUR · Mar 2018: 169.45 index pointsEUR · Jun 2018: 172.49 index pointsEUR · Sept 2018: 173.51 index pointsEUR · Dec 2018: 175.74 index pointsEUR · Mar 2019: 178.47 index pointsEUR · Jun 2019: 181.18 index pointsEUR · Sept 2019: 184.29 index pointsEUR · Dec 2019: 185.71 index pointsEUR · Mar 2020: 191.97 index pointsEUR · Jun 2020: 198.42 index pointsEUR · Sept 2020: 201.83 index pointsEUR · Dec 2020: 206.20 index pointsEUR · Mar 2021: 210.36 index pointsEUR · Jun 2021: 213.61 index pointsEUR · Sept 2021: 217.56 index pointsEUR · Dec 2021: 220.67 index pointsEUR · Mar 2022: 224.70 index pointsEUR · Jun 2022: 227.28 index pointsEUR · Sept 2022: 231.49 index pointsEUR · Dec 2022: 228.55 index pointsEUR · Mar 2023: 227.68 index pointsEUR · Jun 2023: 226.43 index pointsEUR · Sept 2023: 226.13 index pointsEUR · Dec 2023: 226.66 index pointsEUR · Mar 2024: 226.80 index pointsEUR · Jun 2024: 229.42 index pointsEUR · Sept 2024: 231.22 index pointsEUR · Dec 2024: 233.99 index pointsEUR · Mar 2025: 234.85 index pointsEUR · Jun 2025: 236.01 index pointsEUR · Sept 2025: 237.05 index pointsEUR · Dec 2025: 241.25 index pointsEUR · Mar 2026: 244.24 index pointsEUR · Jun 2026: 246.38 index pointsEUR · Sept 2026: 247.50 index pointsUSD · Dec 2006: 100.00 index pointsUSD · Mar 2007: 101.21 index pointsUSD · Jun 2007: 102.98 index pointsUSD · Sept 2007: 104.73 index pointsUSD · Dec 2007: 105.70 index pointsUSD · Mar 2008: 108.27 index pointsUSD · Jun 2008: 109.44 index pointsUSD · Sept 2008: 111.22 index pointsUSD · Dec 2008: 115.87 index pointsUSD · Mar 2009: 118.38 index pointsUSD · Jun 2009: 119.54 index pointsUSD · Sept 2009: 119.54 index pointsUSD · Dec 2009: 120.22 index pointsUSD · Mar 2010: 120.34 index pointsUSD · Jun 2010: 121.92 index pointsUSD · Sept 2010: 123.17 index pointsUSD · Dec 2010: 124.62 index pointsUSD · Mar 2011: 126.67 index pointsUSD · Jun 2011: 129.73 index pointsUSD · Sept 2011: 134.95 index pointsUSD · Dec 2011: 136.79 index pointsUSD · Mar 2012: 139.13 index pointsUSD · Jun 2012: 141.59 index pointsUSD · Sept 2012: 144.48 index pointsUSD · Dec 2012: 148.11 index pointsUSD · Mar 2013: 149.43 index pointsUSD · Jun 2013: 151.22 index pointsUSD · Sept 2013: 153.49 index pointsUSD · Dec 2013: 156.26 index pointsUSD · Mar 2014: 158.61 index pointsUSD · Jun 2014: 161.01 index pointsUSD · Sept 2014: 162.74 index pointsUSD · Dec 2014: 165.57 index pointsUSD · Mar 2015: 168.37 index pointsUSD · Jun 2015: 169.80 index pointsUSD · Sept 2015: 171.95 index pointsUSD · Dec 2015: 175.07 index pointsUSD · Mar 2016: 178.86 index pointsUSD · Jun 2016: 181.51 index pointsUSD · Sept 2016: 184.38 index pointsUSD · Dec 2016: 187.03 index pointsUSD · Mar 2017: 190.20 index pointsUSD · Jun 2017: 191.78 index pointsUSD · Sept 2017: 194.13 index pointsUSD · Dec 2017: 196.17 index pointsUSD · Mar 2018: 197.96 index pointsUSD · Jun 2018: 199.64 index pointsUSD · Sept 2018: 201.20 index pointsUSD · Dec 2018: 203.30 index pointsUSD · Mar 2019: 205.66 index pointsUSD · Jun 2019: 209.04 index pointsUSD · Sept 2019: 212.55 index pointsUSD · Dec 2019: 216.85 index pointsUSD · Mar 2020: 226.50 index pointsUSD · Jun 2020: 256.81 index pointsUSD · Sept 2020: 262.81 index pointsUSD · Dec 2020: 270.07 index pointsUSD · Mar 2021: 280.74 index pointsUSD · Jun 2021: 289.19 index pointsUSD · Sept 2021: 296.43 index pointsUSD · Dec 2021: 303.74 index pointsUSD · Mar 2022: 307.77 index pointsUSD · Jun 2022: 305.78 index pointsUSD · Sept 2022: 304.29 index pointsUSD · Dec 2022: 300.78 index pointsUSD · Mar 2023: 295.82 index pointsUSD · Jun 2023: 293.80 index pointsUSD · Sept 2023: 293.16 index pointsUSD · Dec 2023: 293.53 index pointsUSD · Mar 2024: 296.16 index pointsUSD · Jun 2024: 297.64 index pointsUSD · Sept 2024: 300.53 index pointsUSD · Dec 2024: 303.53 index pointsUSD · Mar 2025: 306.30 index pointsUSD · Jun 2025: 309.95 index pointsUSD · Sept 2025: 312.87 index pointsUSD · Dec 2025: 315.41 index pointsUSD · Mar 2026: 319.44 index pointsUSD · Jun 2026: 325.99 index pointsUSD · Sept 2026: 330.74 index pointsHover a point, or use the data table for exact values.
View chart data ↓
M2 indexed to a common starting month · index points
PeriodCurrencyValue
2026-09-30EUR247.50 index points
2026-09-30USD330.74 index points
2026-06-30EUR246.38 index points
2026-06-30USD325.99 index points
2026-03-31EUR244.24 index points
2026-03-31USD319.44 index points
2025-12-31EUR241.25 index points
2025-12-31USD315.41 index points
2025-09-30EUR237.05 index points
2025-09-30USD312.87 index points
2025-06-30EUR236.01 index points
2025-06-30USD309.95 index points
2025-03-31EUR234.85 index points
2025-03-31USD306.30 index points
2024-12-31EUR233.99 index points
2024-12-31USD303.53 index points
2024-09-30EUR231.22 index points
2024-09-30USD300.53 index points
2024-06-30EUR229.42 index points
2024-06-30USD297.64 index points
2024-03-31EUR226.80 index points
2024-03-31USD296.16 index points
2023-12-31EUR226.66 index points
2023-12-31USD293.53 index points
2023-09-30EUR226.13 index points
2023-09-30USD293.16 index points
2023-06-30EUR226.43 index points
2023-06-30USD293.80 index points
2023-03-31EUR227.68 index points
2023-03-31USD295.82 index points
2022-12-31EUR228.55 index points
2022-12-31USD300.78 index points
2022-09-30EUR231.49 index points
2022-09-30USD304.29 index points
2022-06-30EUR227.28 index points
2022-06-30USD305.78 index points
2022-03-31EUR224.70 index points
2022-03-31USD307.77 index points
2021-12-31EUR220.67 index points
2021-12-31USD303.74 index points
2021-09-30EUR217.56 index points
2021-09-30USD296.43 index points
2021-06-30EUR213.61 index points
2021-06-30USD289.19 index points
2021-03-31EUR210.36 index points
2021-03-31USD280.74 index points
2020-12-31EUR206.20 index points
2020-12-31USD270.07 index points
2020-09-30EUR201.83 index points
2020-09-30USD262.81 index points
2020-06-30EUR198.42 index points
2020-06-30USD256.81 index points
2020-03-31EUR191.97 index points
2020-03-31USD226.50 index points
2019-12-31EUR185.71 index points
2019-12-31USD216.85 index points
2019-09-30EUR184.29 index points
2019-09-30USD212.55 index points
2019-06-30EUR181.18 index points
2019-06-30USD209.04 index points
2019-03-31EUR178.47 index points
2019-03-31USD205.66 index points
2018-12-31EUR175.74 index points
2018-12-31USD203.30 index points
2018-09-30EUR173.51 index points
2018-09-30USD201.20 index points
2018-06-30EUR172.49 index points
2018-06-30USD199.64 index points
2018-03-31EUR169.45 index points
2018-03-31USD197.96 index points
2017-12-31EUR168.21 index points
2017-12-31USD196.17 index points
2017-09-30EUR166.51 index points
2017-09-30USD194.13 index points
2017-06-30EUR164.91 index points
2017-06-30USD191.78 index points
2017-03-31EUR163.31 index points
2017-03-31USD190.20 index points
2016-12-31EUR160.74 index points
2016-12-31USD187.03 index points
2016-09-30EUR158.62 index points
2016-09-30USD184.38 index points
2016-06-30EUR156.86 index points
2016-06-30USD181.51 index points
2016-03-31EUR155.22 index points
2016-03-31USD178.86 index points
2015-12-31EUR153.34 index points
2015-12-31USD175.07 index points
2015-09-30EUR150.98 index points
2015-09-30USD171.95 index points
2015-06-30EUR149.29 index points
2015-06-30USD169.80 index points
2015-03-31EUR147.31 index points
2015-03-31USD168.37 index points
2014-12-31EUR145.21 index points
2014-12-31USD165.57 index points
2014-09-30EUR142.31 index points
2014-09-30USD162.74 index points
2014-06-30EUR140.51 index points
2014-06-30USD161.01 index points
2014-03-31EUR139.34 index points
2014-03-31USD158.61 index points
2013-12-31EUR138.25 index points
2013-12-31USD156.26 index points
2013-09-30EUR138.05 index points
2013-09-30USD153.49 index points
2013-06-30EUR136.97 index points
2013-06-30USD151.22 index points
2013-03-31EUR136.26 index points
2013-03-31USD149.43 index points
2012-12-31EUR135.04 index points
2012-12-31USD148.11 index points
2012-09-30EUR133.20 index points
2012-09-30USD144.48 index points
2012-06-30EUR131.75 index points
2012-06-30USD141.59 index points
2012-03-31EUR130.91 index points
2012-03-31USD139.13 index points
2011-12-31EUR129.17 index points
2011-12-31USD136.79 index points
2011-09-30EUR128.97 index points
2011-09-30USD134.95 index points
2011-06-30EUR127.50 index points
2011-06-30USD129.73 index points
2011-03-31EUR126.94 index points
2011-03-31USD126.67 index points
2010-12-31EUR126.41 index points
2010-12-31USD124.62 index points
2010-09-30EUR125.58 index points
2010-09-30USD123.17 index points
2010-06-30EUR124.78 index points
2010-06-30USD121.92 index points
2010-03-31EUR123.52 index points
2010-03-31USD120.34 index points
2009-12-31EUR123.18 index points
2009-12-31USD120.22 index points
2009-09-30EUR122.90 index points
2009-09-30USD119.54 index points
2009-06-30EUR122.39 index points
2009-06-30USD119.54 index points
2009-03-31EUR121.46 index points
2009-03-31USD118.38 index points
2008-12-31EUR120.69 index points
2008-12-31USD115.87 index points
2008-09-30EUR118.04 index points
2008-09-30USD111.22 index points
2008-06-30EUR115.56 index points
2008-06-30USD109.44 index points
2008-03-31EUR113.11 index points
2008-03-31USD108.27 index points
2007-12-31EUR110.40 index points
2007-12-31USD105.70 index points
2007-09-30EUR107.48 index points
2007-09-30USD104.73 index points
2007-06-30EUR104.86 index points
2007-06-30USD102.98 index points
2007-03-31EUR102.43 index points
2007-03-31USD101.21 index points
2006-12-31EUR100.00 index points
2006-12-31USD100.00 index points

EUR: ECB · USD: Federal Reserve First valid shared displayed month = 100.

EUR: Euro-area monetary aggregate; M1 overlaps broader aggregates; do not sum.

USD: H6 M1 definition break in May 2020; YoY windows must not cross the break. M1 and M2 overlap.

04 / Government finances

Government debt. Two useful perspectives.

Compare debt with the size of each economy, or see the total amount on a shared US-dollar scale.

Government debt / GDP
EUR87.30%
USD124.40%

General-government gross debt, not net debt. Each value shows its own reference year.

The debt burden through time

% of GDP · General-government gross debt

EUR 87.30%USD 124.40%

EUR: Dec 1995 – Dec 2025 · USD: Dec 2001 – Dec 2025 · Annual observations

General-government gross debt as a share of GDPEUR, latest 87.30% on 2025-12-31; USD, latest 124.40% on 2025-12-31. Exact values are available in the data table below.050100150Dec 1995Jul 2003Dec 2010Jul 2018Dec 2025EUR · Dec 1995: 71.60%EUR · Dec 1996: 73.70%EUR · Dec 1997: 73.20%EUR · Dec 1998: 72.80%EUR · Dec 1999: 71.70%EUR · Dec 2000: 69.20%EUR · Dec 2001: 68.20%EUR · Dec 2002: 68.10%EUR · Dec 2003: 69.40%EUR · Dec 2004: 69.60%EUR · Dec 2005: 70.20%EUR · Dec 2006: 68.20%EUR · Dec 2007: 65.80%EUR · Dec 2008: 69.40%EUR · Dec 2009: 79.80%EUR · Dec 2010: 85.20%EUR · Dec 2011: 87.00%EUR · Dec 2012: 90.40%EUR · Dec 2013: 92.40%EUR · Dec 2014: 92.60%EUR · Dec 2015: 90.70%EUR · Dec 2016: 89.60%EUR · Dec 2017: 87.10%EUR · Dec 2018: 85.10%EUR · Dec 2019: 83.10%EUR · Dec 2020: 95.90%EUR · Dec 2021: 93.20%EUR · Dec 2022: 88.70%EUR · Dec 2023: 86.30%EUR · Dec 2024: 86.30%EUR · Dec 2025: 87.30%USD · Dec 2001: 53.50%USD · Dec 2002: 55.90%USD · Dec 2003: 59.00%USD · Dec 2004: 66.40%USD · Dec 2005: 65.80%USD · Dec 2006: 64.50%USD · Dec 2007: 65.00%USD · Dec 2008: 73.90%USD · Dec 2009: 87.10%USD · Dec 2010: 95.70%USD · Dec 2011: 100.00%USD · Dec 2012: 103.70%USD · Dec 2013: 105.00%USD · Dec 2014: 105.00%USD · Dec 2015: 105.50%USD · Dec 2016: 107.50%USD · Dec 2017: 106.50%USD · Dec 2018: 107.70%USD · Dec 2019: 108.80%USD · Dec 2020: 132.60%USD · Dec 2021: 125.00%USD · Dec 2022: 119.20%USD · Dec 2023: 120.00%USD · Dec 2024: 122.30%USD · Dec 2025: 124.40%Hover a point, or use the data table for exact values.
View chart data ↓
General-government gross debt as a share of GDP · percent
PeriodCurrencyValue
2025-12-31EUR87.30%
2025-12-31USD124.40%
2024-12-31EUR86.30%
2024-12-31USD122.30%
2023-12-31EUR86.30%
2023-12-31USD120.00%
2022-12-31EUR88.70%
2022-12-31USD119.20%
2021-12-31EUR93.20%
2021-12-31USD125.00%
2020-12-31EUR95.90%
2020-12-31USD132.60%
2019-12-31EUR83.10%
2019-12-31USD108.80%
2018-12-31EUR85.10%
2018-12-31USD107.70%
2017-12-31EUR87.10%
2017-12-31USD106.50%
2016-12-31EUR89.60%
2016-12-31USD107.50%
2015-12-31EUR90.70%
2015-12-31USD105.50%
2014-12-31EUR92.60%
2014-12-31USD105.00%
2013-12-31EUR92.40%
2013-12-31USD105.00%
2012-12-31EUR90.40%
2012-12-31USD103.70%
2011-12-31EUR87.00%
2011-12-31USD100.00%
2010-12-31EUR85.20%
2010-12-31USD95.70%
2009-12-31EUR79.80%
2009-12-31USD87.10%
2008-12-31EUR69.40%
2008-12-31USD73.90%
2007-12-31EUR65.80%
2007-12-31USD65.00%
2006-12-31EUR68.20%
2006-12-31USD64.50%
2005-12-31EUR70.20%
2005-12-31USD65.80%
2004-12-31EUR69.60%
2004-12-31USD66.40%
2003-12-31EUR69.40%
2003-12-31USD59.00%
2002-12-31EUR68.10%
2002-12-31USD55.90%
2001-12-31EUR68.20%
2001-12-31USD53.50%
2000-12-31EUR69.20%
1999-12-31EUR71.70%
1998-12-31EUR72.80%
1997-12-31EUR73.20%
1996-12-31EUR73.70%
1995-12-31EUR71.60%

IMF World Economic Outlook · Historical reported values and staff estimates · Current and future years excluded.

Government boundaries and accounting practices differ. Debt-to-GDP provides fiscal context; it does not determine an exchange rate or default risk on its own.

05 / What to watch

The next releases on the horizon

Selected releases for these two economies. Dates can change; unverified times are omitted.

Next 3 months
13Nov
Euro area Key release

GDP release

2026-Q3 · Time not confirmed

EUR
13Nov
Euro area Key release

Labour market report

2026-Q3 · Time not confirmed

EUR
17Nov
United States Key release

Retail sales

2026-10 · Time not confirmed

USD
1Dec
Euro area Key release

Inflation report

2026-11 · Time not confirmed

EUR
2Dec
Euro area Key release

Labour market report

2026-10 · Time not confirmed

EUR
4Dec
United States Key release

Labour market report

2026-11 · Time not confirmed

USD

Published calendar snapshot checked 11 Nov 2026. Importance labels describe release type, not predicted market impact.

Putting it together

Read the relationship,
not a single number.

Euro area and United States are the economies behind EUR/USD. USD has the higher displayed policy rate by 1.50 percentage points.

Compare changes over time, then watch the next release. Higher rates, stronger growth or lower inflation do not guarantee a stronger currency: markets also price what comes next.

Transparent by design

Sources, definitions & useful context

5 data providers
What do these numbers tell me about EUR / USD?+

Euro area and United States are the economies behind EUR/USD. USD has the higher displayed policy rate by 1.50 percentage points. These measures describe monetary policy and economic conditions; they are not a buy or sell signal.

Why do the dates and measurements differ?+

Rates and yields are daily observations, inflation is monthly and GDP is quarterly. Each number shows its own observation period. We preserve native units and definitions, including the Fed target upper bound, euro-area HICP and Germany as the euro-area government-yield benchmark. Latest values may refer to different periods.

How are the charts calculated?+

The 10-, 20- and 30-year views use the final available observation in each quarter, plus the latest observation. The 5-year view uses month-end samples. Each chart shows its actual available date range; a 30-year selection does not manufacture missing history. Lines do not imply intraday updates. GDP uses native quarterly observations with its own 5Y, 10Y and Max controls. Government debt uses annual observations. Monetary growth compares the same series 12 months apart; the index starts at 100 in a shared month. We do not combine different currencies, interpolate missing observations, or sum overlapping monetary aggregates. Expand each chart’s data table for exact plotted values.

Snapshot and coverage details+

Last checked 2026-11-11T05:14:07.415752+00:00. Published automatically after accepted daily ingestion. Each series shows its own reported observation period and available history. Hong Kong is intentionally outside local macro coverage. Policy history covers up to 30 years using the available official benchmark series, with definition changes disclosed above. Euro-area policy history starts in January 1999; no pre-euro national rate is substituted; several inflation, GDP and monetary series extend about 20 years. Some currencies have shorter histories or only one-sided M2 coverage.