The gross domestic product (GDP) in both the Eurozone and the European Union saw a quarterly expansion of 0.4% in 2024's third trimester, matching expectations, the European Commission's statistical office Eurostat revealed in its final report released on Thursday.
Year-on-year, the euro area's economy expanded by 0.9%, and the political bloc's by 1.0%. By members, the highest quarter-on-quarter rises were observed in Ireland at 3.5%, Denmark, and Lithuania both at 1.2%. The sharpest decreases were registered in Hungary at a negative 0.7%, and Latvia at a negative 0.2%.
The employment rate in the Eurozone rose by 0.2% compared to the previous trimester. In the EU, it remained stable. Annually, the figure grew by 1.0% in the euro area and 0.7% in the latter bloc.
