Ekonomické zprávy
29.10.2021

Eurozone GDP grew more than forecast in the third quarter

According to a preliminary flash estimate published by Eurostat, 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.  Economists had expected a 2.0% increase in the euro area. In the second quarter of 2021, GDP had grown by 2.1% in the euro area and 2.0% in the EU.

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.

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