GDP in Europe, Q4 2016, Eurostat

Page created: Tuesday, 7 March 2017 10:34GMT | Updated: Tuesday, 7 March 2017 11:33GMT

Press Release:  07 March 2017 - 6 Page(s)
Tags:
Euro Area  European Union  GDP   Gross Domestic Product   Q4 2016

GDP up by 0.4% in the euro area and by 0.5% in the EU28

+1.7% and +1.9% respectively compared with the fourth quarter of 2015

Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28 during the fourth quarter of 2016, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. 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 EU28 in the fourth quarter of 2016, after +1.8% and +1.9% respectively in the previous quarter.

During the fourth quarter of 2016, GDP in the United States increased by 0.5% compared with the previous quarter (after +0.9% in the third quarter of 2016). Compared with the same quarter of the previous year, GDP grew by 1.9% (after +1.7% in the previous quarter).

Over the whole year 2016, GDP rose by 1.7% in the euro area and by 1.9% in the EU28, compared with 2.0% and 2.2% respectively in 2015



Original title:  GDP up by 0.4% in the euro area and by 0.5% in the EU28

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