Euro area (EA13) and EU27 GDP both grew by 0.8% in the third quarter of 2007, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities.
In the second quarter of 2007, growth rates were +0.3% in the euro area and +0.5% in the EU27.
In comparison with the same quarter of the previous year, seasonally adjusted GDP grew in the third quarter of 2007 by 2.7% in the euro area and by 3.0% in the EU27, after +2.5% and +2.8% respectively in the previous quarter.
Eurostat went on to reveal that in the third quarter of 2007 and among the Member States for which seasonally adjusted GDP data is available, Lithuania (+5.2%) recorded the highest growth rate compared with the previous quarter, followed by Latvia (+2.8%) and Slovakia (+2.5%).
Among the main partners of the EU, GDP grew by 1.2% in the US in the third quarter of 2007 (after +0.9% in the previous quarter). In Japan GDP increased by 0.4% in the third quarter of 2007 (-0.5% in the previous quarter).
Compared with the third quarter of 2006, GDP rose by 2.8% in the US (+1.9% in the previous quarter) and by 2.0% in Japan (+1.6% in the previous quarter).
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