GDP up by 0.5% in both the Euro Area and EU28 in first quarter 2016

GDP up by 0.5% in both the Euro Area and EU28 in first quarter 2016

Seasonally adjusted GDP rose by 0.5% in both the euro area (EA19) and the EU28 during the first quarter of 2016, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, GDP grew by 0.3 % and 0.4 % respectively.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the Euro Area and by 1.7 % in the EU28 in the first quarter of 2016, after +1.6 % and +1.8 % respectively in the previous quarter.

EU 1

During the first quarter of 2016, GDP in the United States increased by 0.1% compared with the previous quarter (after +0.3 % in the fourth quarter of 2015). Compared with the same quarter of the previous year, GDP grew by 1.9 % (after +2.0 % in the previous quarter).

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Geographical information: The Euro Area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

http://ec.europa.eu/eurostat    


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