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November 14, 2024EU AND EURO AREA GDP, Q3 2024 
In the preliminary GDP measurement for Q3 2024, Eurostat estimates the seasonally adjusted annualized growth rate for real GDP was +1.4% for the European Union and +1.5% for the Euro Area (a subset of 20 of the 27 nations of the European Union). This was the third quarter of substantial real GDP growth after 5 quarters of little change (modest growth and modest declines).
Among member states, growth was fastest in Ireland, Lithuania and Cyprus. Hungary and Latvia reported the steepest GDP declines in Q3 2024.
Source: Eurostat press release; Eurostat database
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