Spain reported a 3.4% increase in GDP, year-on-year, in the third quarter, the biggest increase in the EU among the member states for which data is available.
Other countries to post a notable increase in GDP on an annual basis included Lithuania (+2.3%), Portugal (+1.9%), France (+1.3%) and Czechia (+1.3%).
At the other end of the spectrum, Latvia reported a 1.4% decline in GDP in Q3, year-on-year, while Hungary was down 0.7% and Germany and Ireland both down 0.2%.
The year-on-year growth rates were positive for seven countries and negative for six, the Eurostat data showed.
On an annual basis, GDP was up 0.9% in the European Union and 0.9% in the euro area in the third quarter of the year.
This followed a 0.8% annual increase in the EU and a 0.6% increase in the euro area in the previous quarter.
Quarter-on-quarter increase
Compared to the previous quarter, seasonally-adjusted GDP was 0.3% higher in the EU and 0.4% higher in the euro area, following on from 0.3% and 0.2% growth, respectively, in the previous quarter.
Among the member states for which data is available for the third quarter of 2024, Ireland (+2.0%) recorded the highest increase compared to the previous quarter, followed by Lithuania (+1.1%) and Spain (+0.8%). Declines were recorded in Hungary (-0.7%), Latvia (-0.4%), and Sweden (-0.1%). Read more here.
Annual GDP growth by EU member state, Q3 2024
| Country | Q3 2024 (%) |
|---|---|
| Euro area | 0.9 |
| EU | 0.9 |
| Belgium | 1.0 |
| Czechia | 1.3 |
| Germany | -0.2 |
| Ireland | -0.2 |
| Spain | 3.4 |
| France | 1.3 |
| Italy | 0.4 |
| Latvia | -1.4 |
| Lithuania | 2.3 |
| Hungary | -0.7 |
| Austria | -0.1 |
| Portugal | 1.9 |
| Sweden | -0.1 |
