Analytics, Economics, EU – Baltic States, GDP

International Internet Magazine. Baltic States news & analytics Saturday, 31.10.2020, 05:48

Estonia recorded the steepest GDP growth in EU in Q4

BC, Riga, 12.02.2016.Print version
Latvia's gross domestic product in the fourth quarter of 2015 remained unchanged as compared to the third quarter, according to the latest Eurostat data. Estonia recorded the steepest GDP growth, reports LETA.

Estonia recorded the steepest GDP growth among all European Union countries for which data are available – 1.2%. Poland and Romania each registered 1.1% GDP growth, while Slovakia's GDP increased 1%.

 

On the other hand, Greece recorded a 0.6% GDP reduction, while Finland's GDP decreased 0.1%.

 

Lithuania's GDP increased 0.5% in the fourth quarter.

 

The EU's GDP increased 0.3%, and the euro area's GDP as much.

 

Year-on-year, the EU registered 1.8% growth, while the eurozone's GDP increased 1.5%.


Latvia's GDP increased 2.6% in the fourth quarter as compared to the fourth quarter of 2014, which was the eighth fastest growth in the EU.

 

Slovakia's GDP rose 4%, followed by Romania – 3.8%, and Poland – 3.6%.

 

Estonia's GDP increased 0.9% from the fourth quarter of 2014, while Lithuania recorded 2.1% growth.

 

GDP increased in all member states in the fourth quarter, except in Greece and Finland where GDP fell, respectively, 1.9% and 0.2%.






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