Eurozone GDP up 0.3% in Q1

The gross domestic product (GDP) of the euro area is registered in the first quarter of 2022. Expansion 0.3% compared to the fourth quarter of last year, when growth was similar, according to the first estimate of data published by Eurostat, which includes a 0.5% expansion in employment, a tenth higher than in the previous three months.

for the whole The European Union (EU), GDP growth between January and March estimated by the Office for Community Statistics was 0.4%, a tenth lower than between October and December. Employment, on the other hand, maintained its growth rate at 0.4%.

acceleration

Compared to the first quarter of 2021, the GDP of the euro area grew by 5.1%, representing an acceleration of four tenths Compared to the year-on-year growth of the previous three months. In their favor, twenty-seven saw an expansion of 5.2%, three tenths more.

In the group of economies that have adopted the euro as their common currency, employment recorded an annual growth of 2.6%, five-tenths higher than in the previous quarter. in between twenty seven Occupancy increased by 2.5%, four tenths more.

The Spanish economy had a quarterly growth of 0.3%, below the average of Eurozone, The year-on-year figure was higher, seeing a growth of 6.4%.

Of all the countries for which data was available, only Sweden (-0,4%), Italy (-0,2%) y Denmark (-0.1%) registered a negative growth rate as compared to the fourth quarter of 2021. In year-over-year terms, all countries saw positive data.