03.Nov .2021 18:00

GDP Up by 2.2% in the Euro Area and by 2.1% in the EU

GDP Up by 2.2% in the Euro Area and by 2.1% in the EU
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In the third quarter 2021, seasonally adjusted GDP increased by 2.2% in the euro area and by 2.1% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2021, GDP had grown by 2.1% in the euro area and 2.0% in the EU.

These preliminary GDP flash estimates are based on data sources that are incomplete and subject to further revisions.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 3.7% in the euro area and by 3.9% in the EU in the third quarter of 2021, after +14.2% in the euro area and +13.7% in the EU in the previous quarter.

Among the Member States for which data are available for the third quarter 2021, Austria (+3.3%) recorded the highest increase compared to the previous quarter, followed by France (+3.0%) and Portugal (+2.9%). The lowest growth was recorded in Latvia (+0.3%) and GDP was stable in Lithuania (0.0%). The year on year growth rates were positive for all countries.