Growth in foreign trade & investment for Euro area & EU27

12 Jan '08

2 min read

Euro area (EA13) and EU27 GDP both grew by 0.8% in the third quarter of 2007, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. In the second quarter of 2007, growth rates were +0.3% in the euro area and +0.5% in the EU27.

In comparison with the same quarter of the previous year, seasonally adjusted GDP grew in the third quarter of 2007 by 2.7% in the euro area and by 3.0% in the EU27, after +2.5% and +2.8% respectively in the previous quarter.

In the third quarter of 2007 and among the Member States for which seasonally adjusted GDP data are available, Lithuania (+5.2%) recorded the highest growth rate compared with the previous quarter, followed by Latvia (+2.8%) and Slovakia (+2.5%).

Growth in foreign trade and investment:
In the third quarter of 2007, household final consumption expenditure increased by 0.5% in the euro area and by 0.7% in the EU27 (after +0.6% in both zones in the previous quarter).

Investment increased by 1.2% in the euro area and by 1.5% in the EU27 (after -0.1% and 0.0%). Exports rose by 2.2% both in the euro area and in the EU27 (after +0.9% and +0.7%). Imports increased by 2.6% in the euro area and by 3.0% in the EU27 (after +0.3% and +0.2%).

Among the Member States for which seasonally adjusted expenditure data are available, growth rates of household final consumption ranged from -1.7% in Estonia to +3.0% in Latvia.

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