As of 29 April 2016, Eurostat will publish preliminary GDP flash estimates for the euro area and the European Union about 30 days after the end of the reference quarter. Compared with the same quarter of the previous year, seasonally adjusted GDP decreased by 4.9% in the euro Graph and download economic data for Real Gross Domestic Product for Italy (CLVMNACSCAB1GQIT) from Q1 1995 to Q4 2020 about Italy, real, and GDP. GDP growth in the euro area and EU: In the fourth quarter of 2020, seasonally adjusted GDP decreased by 0.7% in the euro area and by 0.5% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. Please note that Greek data have a series break in 2010, following a 2020 benchmark revision and that particular developments of GFCF are often related to the Irish figures and activities of MNEs. 3 0 obj While before, the fourth quarter of 2019, recorded the highest levels in employment since the beginning of the series in 1995. Quarterly Growth Rates of real GDP, change over previous quarter Real GDP and components - growth rates and contributions to growth G20 - Quarterly Growth Rates of GDP in volume The impact on employment in hours worked is generally much more pronounced in 2020Q4 during COVID-19 pandemic. The Gross Domestic Product (GDP) in European Union contracted 0.50 percent in the fourth quarter of 2020 over the previous quarter. %���� Percent of GDP, Quarterly, Seasonally Adjusted Q1 1966 to Q4 2020 (Mar 25) Personal Consumption Expenditures . The country coverage was not affected by the COVID-19 crisis. quarterly GDP flash estimate: first experiences On 29 April 2016, Eurostat published for the first time a preliminary flash estimate for euro area and EU GDP with timeliness of 30 days after the end of the reference quarter (first quarter of 2016). This statistic shows France's quarterly gross domestic product (GDP) per capita at current prices from the first quarter of 2014 to the second quarter of 2019. This early information on economic growth in Europe will complement the quarterly GDP estimates released about 45 days and 65 days after the end of the reference quarter. These revision triangles are updated once per quarter. GDP down by 0.7% and employment up by 0.4% in the euro area in the fourth quarter of 2020. Additional information on the dissemination of ESA 2010 data is available under latest news on the dedicated website and in the database section National accounts (ESA 2010) (na10). Based on hours worked, productivity compared to the same quarter of the previous year increased by 1.7% for the euro area and to 0.7% for the EU. Gross fixed capital formation increased by 1.9 % in the euro area and by 1.6 % in the EU (after +13.8 % and +12.0 % respectively). the national scope of employment) and employment in resident production units irrespective of the place of residence of the employed person (i.e. GDP decreases by 0.7 % in the euro area (EA-19) and 0.5 % in the EU during the fourth quarter of 2020, compared with the previous quarter, according to an estimate (see Data sources below) published by Eurostat. For further details see the Eurostat website. Note on the impact of the COVID-19 outbreak on national accounts, guidance on quarterly national accounts (including flash) estimates in the context of the COVID-19 crisis and country specific metadata on the … 1996 - 2019 | Quarterly | % | Eurostat European Union’s GDP: Contrib to Growth: QoQ: Chg in Inventories: EU 27 excl UK: swda data was reported at -0.190 % in Dec 2019. 2 0 obj This records an increase from the previous number of 2,763.275 EUR bn for Sep 2018. Direct investment abroad - quarterly data, % of GDP Publisher. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> This page has been accessed 151,141 times. This statistic shows Hungary's quarterly gross domestic product (GDP) per capita at current prices from the first quarter of 2014 to the second quarter of 2019. Imports increased by 4.5 % in the euro area and by 4.3 % in the EU (after +11.8 % and +12.7 %). Quarterly GDP - Seasonally adjusted, Chain-linked volumes, % change vis-a-vis the same quarter of the preceding year (1st Quarter 1995 - 4th Quarter 2020) 10. European Union’s GDP: EA: Domestic Demand (DD) data is updated quarterly, averaging 2,211.859 EUR bn from Mar 1995 to Dec 2018, with 96 observations. Household Debt to GDP for Germany . These data on employment provide a picture of labour input consistent with the output and income measure of national accounts. x��][��6�~7���ݻ �`���Y� α���݇��=��=���$ȿ?U$�-u���MyxfDRbY�UY����?ܽݼ9t�����͛wۛ������]����������~s���_�x|}���o77��_��}��7ݯO�����YޱN{�K�9�{/������Sw����/�>���w\t/�>}�MY�;%z�9ɻ������}�Gv��ʥ��>y�����^�����I?? The ESA 2010 recognises several employment measures: persons, hours worked and jobs. This records a decrease from the previous number of -0.180 % for Sep 2019. Quarterly GDP growth. The preliminary flash estimate of GDP growth of the first quarter of 2021 will be released on 30 April 2021 and will be updated on 18 May 2021. This first estimate of GDP growth for the G20 aggregate in the latest quarter is produced by the OECD Secretariat. Eurostat » Description. As such, it also measures the income earned from that production, or the total amount spent on … In relation to the COVID-19 pandemic, employment in persons decreased by 3.1 million in the euro area (-1.9%) and by 3.4 million (-1.6%) in the EU below the level of the fourth quarter of 2019. It is based on quarterly seasonally adjusted data reported by G20 economies and Eurostat and it covers 9% of 6 the G20 GDP. European Union’s GDP: EU 27E: DD: FCE: General Government data is updated quarterly, averaging 529.717 EUR bn from Mar 1995 to Dec 2019, with 100 observations. Statistical Office of the European Communities. Detailed tables of GDP and Employment estimate 2020Q4. Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. Among EU Member States, Czechia, Croatia, Latvia and Malta (all -0.5 %), recorded the highest declines in employment in persons in the fourth quarter of 2020 compared with the previous quarter. domestic scope). Even though consistency checks are a major aspect of data validation, temporary (usually limited) inconsistencies between datasets may occur, mainly due to vintage effects. Changes in inventories had a positive contribution to GDP growth in the euro area and the EU (+0.6 pp both), while the contribution of the external balance was negligible. Eurostat publishes annual and quarterly national accounts, annual and quarterly sector accounts as well as supply, use and input-output tables, which are each presented with associated metadata. quarter of 2020 (-11.6% in the euro area and -11.2% in the EU). Number of persons up by 0.4 % in both the euro area and in the EU. GDP components and contributions to growth, section National accounts (ESA 2010) (na10), Employment statistics within national accounts, United Nations Statistics Division 2008 SNA, https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Quarterly_national_accounts_-_GDP_and_employment&oldid=524388. GDP down by 0.7 % in the euro area and by 0.5 % in the EU. GDP Growth Rate in European Union averaged 0.38 percent from 1995 until 2020, reaching an all time high of 11.60 percent in the third quarter of 2020 and a record low of -11.20 percent in the second quarter of 2020. Quarterly national … Eurostat “Statistics Explained” articles on measuring quarterly GDP, presentation of updated quarterly estimates and the impact of COVID-19 on main GDP aggregates including employment. Third quarter of 2020 was … Please note that most EU countries carried out benchmark revisions in 2019 which were mainly introduced in September-October. Quarterly. Eurostat has published a note on the impact of the COVID-19 outbreak on national accounts. Its mission is to provide high quality statistics for Europe. <> The data reached an all-time high of 781.413 EUR bn in Dec 2019 and a record low of 301.564 EUR bn in Mar 1995. Compared with the same quarter of the previous year, GDP decreased by 2.4 % (after -2.8 % in the previous quarter). endobj Analysis explaining on how coordinated benchmark revisions has changed the annual main GDP aggregates was provided in an article in the end of October 2019. Foreign direct investment (FDI) is a category of investment that reflects the objective of establishing a lasting interest by a resident enterprise in one economy (direct investor) in an enterprise (direct investment enterprise) that is resident in an economy other than that of the direct investor. This article presents key messages and data extractions based on Eurostat's updated estimation of quarterly gross domestic product (GDP) and employment for the fourth quarter of 2020 in the European Union (EU) and euro area (EA-19) released on 19 April 2021. GDP Growth Rate in the Euro Area averaged 0.33 percent from 1995 until 2020, reaching an all time high of 12.50 percent in the third quarter of 2020 and a record low of -11.60 percent in the second quarter of 2020. Quarterly GDP Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. See here for more details. The GDP estimates of the second quarter 2020 are based on Member States’ data covering 96% of both the EA and the EU GDP, while employment estimates are based on Member States’ data covering 96% of the EA and 93% of the EU total employment. The analysis of growth compared to the same quarter of the previous year shows that productivity growth (based on employed persons) fluctuated around 1.0 % for both zones between 2013 and 2018. Ratio, Quarterly, Not Seasonally Adjusted Q1 2005 to Q2 2020 (Feb 1) Current Price Gross Domestic Product in Germany . While the remaining countries (except Luxembourg) conducted their benchmark revisions in August-October of 2020. Eurostat is the statistical office of the European Union situated in Luxembourg. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. GDP decreases by 0.7 % in the euro area (EA-19) and 0.5 % in the EU during the fourth quarter of 2020, compared with the previous quarter, according to an estimate (see Data sources below) published by Eurostat. GDP dived a seasonally-adjusted 3.8% in Q1 from the previous quarter, contrasting Q4’s 0.1% uptick and thus logging the … GDP down by 0.5% and employment up by 0.4% in the EU in the fourth quarter of 2020. Current quarterly estimates of GDP - T +65 days after the reporting period. During the whole fourth quarter of 2020 reintroduction of containment measures were taking place in Member States. Quarterly GDP growth. Quarterly figures on the evolution of gross domestic product (GDP) and its main aggregates are among the most significant indicators of the state of any economy, be it at a national or European level, and are of key interest to users. Eurostat publishes mainly employment data measured in persons and in hours worked. This statistic shows Germany's quarterly gross domestic product (GDP) per capita at current prices from the first quarter of 2014 to the first quarter of 2017. This completes a sequence of quarterly estimates of European main national accounts aggregates (including employment) that are based on available country data (see previous news releases). Among the Member States, sharpest increases were recorded in Romania (+4.8 %), Malta (+3.8 %), Croatia and Greece both (+2.7 %) in the fourth quarter of 2020, while the highest decreases were observed in Ireland (-5.1 %), Austria (-2.7 %) and Italy (-1.9 %). The gross domestic product (GDP) did not continue to rise in the fourth quarter of 2019 compared with the third quarter of 2019 after adjustment for price, seasonal and calendar variations. Also revisions can be observed for some aggregates. 334 economic data series with tags: GDP, Quarterly, Eurostat. However, very different picture is visible for hours worked, which decreased by 1.6 % in the euro area and by 1.3 % in the EU in the fourth quarter of 2020 (after increase by 14.4 % and 11.5 % respectively in the third quarter of 2020). Compared with the same quarter of the previous year, seasonally adjusted GDP decreased by 4.9 % in the euro area and by 4.6 % in the EU in the fourth quarter of 2020, after -4.1 % in the euro area and -4.0 % in the EU in the previous quarter. GDP up by 12.4 % in the euro area and by 11.5 % in the EU-27. endobj The ESA 2010 distinguishes between two employment concepts depending on geographical coverage: resident persons in employment (i.e. Billions of Dollars, Seasonally Adjusted Annual Rate Q1 1947 to Q4 2020 (Mar 25) Millions of Dollars, Not Seasonally Adjusted Q1 1947 to Q4 2020 (Mar 25) Index 2012=100, Not Seasonally Adjusted Q1 2002 to Q4 2020 (Mar 25) Real Personal Consumption Expenditures . For the year 2020 as a whole, GDP fell by 6.6% in the euro area and by 6.2% in the EU, after +1.3% and +1.6% respectively in 2019. This page provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. This statistic shows the Netherlands' quarterly gross domestic product (GDP) per capita at current prices from the first quarter of 2014 to the second quarter of 2019. The contribution of gross fixed capital formation was +0.4 pp in the euro area and +0.3 pp in the EU. FRED: Download, graph, and track economic data. This new development meets a long-standing request from users for more timely information about economic growth in Europe. In the third quarter of 2020, employment increased by 1.0 % in the euro area and by 0.9 % in the EU. Quarterly Growth Rates of real GDP, change over previous quarter Real GDP and components - growth rates and contributions to growth G20 - Quarterly Growth Rates of GDP in volume During the fourth quarter of 2020, GDP in the United States increased by 1.1 % compared with the previous quarter (after +7.5 % in the third quarter of 2020). GDP down by 0.7% and employment up by 0.3% in the euro area. Gross Domestic Product. European Union’s GDP: EA: Domestic Demand (DD) data was reported at 2,857.928 EUR bn in Dec 2018. Cj��}�1��ɉΤ7�֓�uW�p#��7�V�5�[q���_���Wr%����U�b�ex�6>0ܵl�uϦ{~��Z�;��]�Z�(���������Ok����~�����b��n��"�� ;�Ҝ��WbQ�e��f����?|r�. 09. Analysis on what was the impact of COVID-19 on main GDP aggregates including employment for the first quarter of 2020 is provided in the Statistics Explained article. Graph and download economic data for Real Gross Domestic Product for Euro area (19 countries) (CLVMNACSCAB1GQEA19) from Q1 1995 to Q4 2020 about Euro Area, Europe, real, and GDP. GDP down by 0.7 % in the euro area and by 0.5 % in the EU. These were the sharpest increases observed since time series started in 1995. Ireland (+3.7 %), Portugal (+2.3 %) and Romania (+1.3 %) experienced highest increases among Member States, while highest decreases were recorded in Slovenia (-12.4 %), Czechia (-6.3 %) and Austria (-5.8 %). 4 0 obj A second estimate confirmed that the Eurozone economy contracted sharply in the first quarter of this year, after marginally expanding in Q4 2019. Euros, Quarterly, Seasonally Adjusted Q1 1970 to Q4 2020 (Mar 16) GDP Implicit Price Deflator in Germany . Revision triangles for GDP for the Euro area and the EU can be found here. In addition to this, guidance on quarterly national accounts (including flash) estimates in the context of the COVID-19 crisis was provided, as well as country specific metadata on the impact of COVID-19 on GDP estimates for the fourth quarter of 2020. A smaller group of countries had already carried out their benchmark revisions in the earlier years (between 2016 and 2018). Slight decrease in productivity in persons was recorded in fourth quarter of 2020, compared to the same quarter of the previous year with -3.0% for the euro area and -3.1% for the EU. endobj Gross domestic product (GDP) at market prices - quarterly data. Revisions and timetable These declines follow a strong rebound in the third quarter of 2020 (+12.5% in the euro area and +11.7% in the EU) and the sharpest decreases since the time series started in 1995 observed in the second quarter of 2020 (-11.6% in the euro area and -11.2% in the EU). Household final consumption expenditure had a negative contribution to GDP growth in both the euro area and the EU (-1.8 and -1.6 percentage points – pp, respectively). The combination of GDP and employment data allows an estimation of labour productivity. <> While the effect of the COVID-19 pandemic on employment in persons was mitigated by government support schemes, the impact on hours worked is generally much more pronounced. In relation to the COVID-19 pandemic, there was a sharp decline in productivity based on persons in the first and second quarter of 2020 as GDP dropped sharply while the impact on employment in persons was still relatively moderate. The number of persons employed increased by 0.4 % in both the euro area and in the EU in the fourth quarter of 2020 compared with the previous quarter. Try the new automatic translation by clicking on the blue icon “Translate” up in the right corner of the article! Punctuality: The data transmitted to Eurostat are in compliance with National Accounts Data Distribution Program Annex B and respective derogations for the country. 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