GDP slightly up for the fourth quarter in Euro Area

GDP up for the fourth quarter in Euro Area
Image by on Freepik

Preliminary estimates for the fourth quarter of 2022 GDP in the Euro Area, is up by 0.1% and stable for the EU (vs the previous quarter). Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.9% for Euro Area and +1.8% for EU respectively.

According to a first estimation of annual growth for 2022, based on seasonally and calendar adjusted quarterly data, GDP grew by 3.5% in the euro area and by 3.6% in the EU.

Of those Member States with available data for Q4 2022, Ireland saw the largest quarter-over-quarter increase at 3.5%, followed by Latvia at 0.3%. Spain and Portugal succeeded Latvia with a 0.2% increase. The largest decreases were seen in Lithuania at -1.7% and in Austria & Sweden at -0.7% and -0.6% respectively. All countries except Sweden and Lithuania had positive year-over-year growth rates.

Read the Eurostat’s Press Release here.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *