Analytics, Economics, EU – Baltic States, GDP
International Internet Magazine. Baltic States news & analytics
Wednesday, 24.04.2024, 05:27
Latvia shows EU's second fastest economic growth in Q2
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According to seasonally adjusted data, in April-June 2017, Latvia’s GDP
expanded by 4.8% year-on-year. Slightly strongest growth was recorded in
Romania (+5.7%), while the Czech Republic reported +4.5%, Poland ha 4.4%,
Sweden and Lithuania showed 3.9%.
All the 21 EU member states reporting their data increased their GDP in
annual terms in the second quarter of this year.
The slowest growth was recorded in Greece (+0.4%) and France (+1%).
Compared to the first quarter of 2017, Latvia’s GDP grew by 1.3% in the
second quarter of 2017. With 20 countries reporting quarterly growth, the
Netherlands showed the fastest increase (+1.5%), followed by Romania with 1.6%,
and Sweden with 1.7%. Lithuania’s GDP grew by 0.6%.
Compared to the second quarter of 2016, the GDP of the 21 EU member states
increased by 2.3%, while the eurozone reported 2.2% annual growth. Compared to
the previous quarter, both the EU and eurozone recorded 0.6% GDP growth.
Data on Croatia, Estonia, Ireland, Luxembourg, Slovenia, Greece and Malta
have not been made available. Statistics on the Netherlands are based on
workday-adjusted data.
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