Saturday, February 13, 2010

Q4 09 GDP data for EU, Eurozone, Germany, etc

According to Flash estimates for the fourth quarter (Q4) of 2009 released by Eurostat on February 12, GDP in the EU grew by 0.1%, the same in the Eurozone (+0.1%) compared to the previous quarter. That means a slowding down of the growth rates compared in Q4 compared to Q3 of 2009, when rates were +0.3% in the EU and +0.4% in the Eurozone.

Compared to the Q4 of 2008, Q4 09 GDP in the Eurozone was -2.1% and in the EU -2.3%, which is an improvement over Q3 0f 09.

So while EU and its Eurozone grew 0.1%, the US economy grew 1.4% compared with the previous quarter.

Over the whole year in 2009, Eurozone GDP fell by 4.0% and EU GDP fell by 4.1%.

According to the same Eurostat release in the Q4 compared to Q3 the GDP rate was:

Germany 0%
France +0.6%
UK 0.1%
Spain -0.1%
Italy -0.2%

Compared to Q4 of 2008:

Germany -2.4%
UK -3.2%
France -0.3%
Italy -2.8%
Spain -3.1%

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