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GDP up by 0.4% in the euro area and by 0.5% in the EU

Seasonally adjusted GDP rose by 0.4% in the euro area and by 0.5% in the EU during the fourth quarter of 2016, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the EU.

date:  16/03/2017

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Seasonally adjusted GDP rose by 0.4% in the euro area and by 0.5% in the EU during the fourth quarter of 2016, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the EU. In the third quarter of 2016, GDP grew by 0.4% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7% in the euro area and by 1.9% in the EU in the fourth quarter of 2016, after +1.8% and +1.9% respectively in the previous quarter. Over the whole year 2016, GDP rose by 1.7% in the euro area and by 1.9% in the EU, compared with 2.0% and 2.2% respectively in 2015. Among Member States for which data are available for the fourth quarter of 2016, Estonia (+1.9%), Poland (+1.7%) and Lithuania (+1.4%) recorded the highest growth compared with the previous quarter, while Greece recorded negative growth (-1.2%) and GDP in Finland remained stable.