RSS
Eurostat: Romania, Lithuania and Hungary, the EU countries with the most significant economic advance in the fourth quarter of 2019
GDP growth in the euro area and EU27
Seasonally adjusted GDP rose by 0.1% in both the euro area (EA19) and the EU27 during the fourth quarter of 2019, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2019, GDP had grown by 0.3% in both zones.
Most EU countries reported quarterly GDP growth in the fourth quarter of 2019, and the most significant advance was in Romania (1.5%), Lithuania (1.3%) and Hungary (1%), Germany had an increase zero and decreases were recorded in Finland (minus 0.4%), Italy (minus 0.3%) and France (minus 0.1%).
All EU countries reported annual GDP growth in the fourth quarter of 2019, and the most significant advance was: Hungary (4.6%), Romania (4.2%), Lithuania (3.7%), Poland and Bulgaria (both 3.5%) and Italy had zero growth.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area and by 1.2% in the EU27 in the fourth quarter of 2019, after +1.2% and +1.5% respectively in the previous quarter. During the fourth quarter of 2019, GDP in the United States increased by 0.5% compared with the previous quarter (after +0.5% also in the third quarter of 2019).
Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.1% in the previous quarter). According to an estimation of annual growth for 2019, based on quarterly data, GDP grew by 1.2% in the euro area and 1.4% in the EU27.
Employment growth in the euro area and EU27
The number of employed persons increased by 0.3% in the euro area and by 0.2% in the EU27 in the fourth quarter of 2019, compared with the previous quarter. In the third quarter of 2019, employment had grown by 0.1% in both zones.
Compared with the same quarter of the previous year, employment increased by 1.0% in the euro area and by 0.9% in the EU27 in the fourth quarter of 2019, after +1.0% and +0.8% respectively in the third quarter of 2019.
According to an estimation of annual growth for 2019, based on quarterly data, employment grew by 1.1% in the euro area and 1.0% in the EU27. These data provide a picture of labour input consistent with the output and income measure of national accounts.