GDP in the Second Quarter of 2017 Increased by 0.7% in the EU-28

Finance | September 8, 2017, Friday // 14:10|  views

Gross Domestic Product (GDP) in the second quarter of 2017 increased by 0.7% in the EU-28 compared to the previous quarter by seasonally adjusted data. For the same period, GDP in Bulgaria increased by 1.0%, according to data of the National Statistical Institute (NSI). 

Compared to the previous quarter in the second quarter of 2017 the Czech Republic recorded the highest economic growth - 2.5%, Sweden - 1.7%, Romania - 1.6%, the Netherlands - 1.5%, Estonia - 1.3%, while the lowest growth was registered by the United Kingdom and Portugal - by 0.3%.

Compared to the same quarter of the previous year, seasonally adjusted data showed an increase in GDP in the EU-28 by 2.4% and in Bulgaria by 3.6%. In the second quarter of 2017, compared to the same quarter of the previous year, the highest economic growth was seen in Romania - 5.7%, Estonia and Slovenia - 5.2%, Latvia - 4.8%, Czech Republic - 4.7%, while lowest economic growth is observed in Greece - 0.8%

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Tags: National Statistical Institute, NSI, GDP, gross domestic product


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