Convergence Report
The Convergence Report assesses the progress made by non-euro area EU Member States except Denmark, which has an opt-out, towards fulfilling the criteria necessary to adopt the euro. It is published at least once every two years, or at the request of an EU Member State which would like to join the euro area.
June 2024 Convergence Report
Explore the latest assessment of the economic and legal convergence of non-euro area Member States in detail by reading the full report.
See the full reportFor the media
Non-euro area EU countries have made limited progress towards economic convergence with the euro area since 2022.
Read the press releaseWANT TO LEARN MORE?
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EU Commission reports
Like the ECB, the European Commission also publishes convergence reports assessing the readiness of EU member states to adopt the euro.
See the Commission reportsJoining the euro area
All EU Member States, except Denmark, are required to adopt the euro. To do so, they must first meet the convergence criteria that assess their readiness for economic and monetary union. Take a look at our interactive map to find out when different countries adopted the euro.
Take a look at the mapFor our ECB Podcast listeners
How does a country join the euro area? We discussed this in one of our podcast episodes, looking specifically at Croatia.
Listen to the podcastCroatia adopts the euro
On 1 January 2023 Croatia adopted the euro and became the 20th member of the euro area.
Find out more by reading the Economic Bulletin articleHas the euro changeover really caused extra inflation in Croatia?
Croatian consumers have expressed concerns about price increases related to the euro changeover. Preliminary evidence presented in an ECB blog post shows that the changeover from kuna to euro has so far had relatively little impact on Croatian consumer prices and price perceptions.
Read the blog post