November 2, 2021

According to an estimate published by Eurostat, the statistical office of the European Union, for the third quarter of 2021 seasonally adjusted GDP for the euro area increased by 2.2% and by 2.1% in the EU, when compared with the previous quarter. Flashback to the second quarter, where GDP rose by 2.1% in the euro area and 2.0% in the EU.

Furthermore, the seasonally adjusted GDP increased by 3.7% in the euro area and by 3.9% in the EU when compared to the same quarter in 2020, after a 14.2% growth in the euro area and 13.7% increase 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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