Seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of 2018, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2018, GDP had grown by 0.4% in the euro area and by 0.5% in the EU28.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7% in the euro area and by 1.9% in the EU28 in the third quarter of 2018, after +2.2% and +2.1% respectively in the previous quarter.
During the third quarter of 2018, GDP in the United States increased by 0.9% compared with the previous quarter (after +1.0% in the second quarter of 2018). Compared with the same quarter of the previous year, GDP grew by 3.0% (after +2.9% in the previous quarter).
Euro area, EU28 and United States GDP growth rates
% change over the previous quarter
Growth rates of GDP in volume
(based on seasonally adjusted* data)
|Percentage change compared with the previous quarter||Percentage change compared with the same quarter of the previous year|
: Data not available.
* The seasonal adjustment does not include a calendar adjustment for Slovakia and Iceland.
** Percentage change compared with the same quarter of the previous year calculated from calendar adjusted data.
The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The European Union (EU28) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
Methods and definitions
European quarterly national accounts are compiled in accordance with the European System of Accounts 2010 (ESA 2010).
The flash estimate of the third quarter of 2018 GDP growth presented in this release is based on Member States’ data as available, covering 96% of EA19 GDP (94% of EU28 GDP).
Revisions and timetable
A preliminary flash estimate of GDP growth was published in News Release 168/2018 issued on 30 October 2018. This was based on a more limited data set than the one used for the present News Release and additionally, on preliminary flash estimates which have now been revised by some Member States.
The published GDP growth rates for the third quarter of 2018 compared with the previous quarter, which had been estimated at +0.2% for the euro area and +0.3% for the EU28, has been confirmed for the euro area and for the EU28. Compared with the third quarter of 2017, GDP growth, which had been estimated at +1.7% for the euro area and +1.9% for the EU28, has been confirmed for the euro area and for the EU28.
With the flash estimate, euro area and EU GDP figures for earlier quarters are not revised.
All figures presented in this release may be revised with the GDP and main aggregates estimate scheduled for 7 December 2018.