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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

July 29, 2022
EU AND EURO AREA GDP, Q2 2022 (PRELMINARY ESTIMATE)

In the GDP preliminary flash estimate for Q2 2022, Eurostat estimates the seasonally adjusted annualized growth rate for real GDP was 2.4% in the European Union (EU27) and 2.8% for the Euro Area (EA19, a subset of the EU27 nations). Among countries with data at this time: Sweden had the largest increase, Germany was largely unchanged, and Latvia had the largest decline.

The European Union economy was 2.0% larger compared to the pre-pandemic period Q4 2019, while the Euro Area economy was up 1.5% from pre-pandemic levels in Q1 2022. 

 

Source: Eurostat



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