GDP growth in the euro area and the EU
In the fourth quarter of 2023, seasonally adjusted GDP remained stable in both the euro area and the EU, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union.
In the third quarter of 2023, GDP had decreased by 0.1% in the euro area and had remained stable in the EU.
Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.1% in the euro area and by 0.2% in the EU in the fourth quarter of 2023, after +0.1% in both zones in the previous quarter.
For the year 2023 as a whole, GDP increased by 0.4% in both the euro area and the EU, after +3.4% in both zones in 2022.
During the fourth quarter of 2023, GDP in the United States increased by 0.8% compared to the previous quarter (after +1.2% in the third quarter of 2023). Compared with the same quarter of the previous year, GDP increased by 3.1% (after +2.9% in the previous quarter).
GDP growth by Member State
Denmark (+2.0%) recorded the highest increase of GDP compared to the previous quarter, followed by Croatia (+1.3%) and Slovenia (+1.1%). The highest decreases were observed in Ireland (-3.4%), followed by Estonia and Finland (both ‑0.7%).