Analytics, Economics, EU – Baltic States, GDP
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 02:59
Latvia posts faster economic growth in Q1 than Estonia and Lithuania
Romania registered the largest growth year-on-year GDP growth in the first quarter – by 4.2%, followed by Hungary – 3.1%, Slovakia – 2.9%, Spain – 2.6%, as well as Great Britain and the Netherlands – 2.4% each.
Estonia registered a 1.8% annual increase in GDP in the first quarter, while Lithuania – by 1.5%.
A reduction in GDP was only registered in Finland – by 0.1%, while in Italy it remained unchanged.
The EU's economy in the first quarter of the year, compared to the same quarter last year, increased by 1.4%, while the eurozone's GDP – by 1%.
Meanwhile, when compared to the fourth quarter of 2014, both the EU and the eurozone saw a 0.4% increase in GDP.
Latvia's economic growth, compared to the previous quarter, was at 0.4%, which was the eighth fastest growth in the EU.
The largest quarter-on-quarter growth in the EU was registered in Cyprus and Romania – by 1.6%, Bulgaria and Spain – by 0.9%, as well as France and Hungary – by 0.6%.
Both Estonia and Lithuania posted reduction in economic growth, quarter-on-quarter – by 0.3% and 0.6%, respectively.