Economische groei eurozone en EU in tweede kwartaal 2011 gedaald ten opzichte van eerste kwartaal (en)
GDP increased by 0.2% in both the euro area1 (EA17) and the EU27 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.
Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.7% in both zones in the second quarter of 2011, after +2.5% in both zones in the previous quarter.
During the second quarter of 2011, GDP in the United States increased by 0.3% compared with the previous quarter (after +0.1% in the first quarter of 2011). In Japan GDP fell by 0.3% in the second quarter of 2011 (after -0.9%).
Compared with the same quarter of the previous year, GDP rose by 1.6% in the United States (after +2.2% in the previous quarter), and decreased by 0.9% in Japan (after -0.7%).
Summary quality information
European quarterly national accounts are compiled in accordance with the European System of Accounts 1995 (ESA95). The flash estimate of second quarter 2011 GDP growth presented in this release is based on Member States’ data as available, covering 95% of EA17 GDP (91% of EU27 GDP). For more details of the flash methodology please refer to News Release 55/2003 of 15 May 2003.
Simulations and previously published flash estimates have shown the flash estimation procedure to be reliable. Over the last 42 quarters, the flash estimate of GDP growth on the previous quarter for the euro area (EA12) when compared to the following release has led to an average revision of less than 0.01 percentage points. It correctly anticipated the acceleration or deceleration of growth 37 times. The value of the growth rate was correctly anticipated 37 times and differed by ±0.1 percentage points 5 times.
With this flash estimate, euro area and EU GDP figures for earlier quarters are not revised, so the growth rates till the first quarter 2011, released on 6 July 2011, remain unchanged. All figures presented in this release may be revised with the two further estimates of GDP for the second quarter 2011, scheduled for 6 September 2011 and 5 October 2011. As already announced, the flash and second estimates are published as News Releases, while the third estimate is only published in the Eurostat database. First estimates for National Accounts employment in the second quarter 2011 are scheduled for 15 September 2011.
Issued by: Eurostat Press Office Tim ALLEN Tel: +352-4301-33 444 eurostat-pressoffice@ec.europa.eu Eurostat news releases on the internet: |
For further information on data: Jukka JALAVA Tel: +352-4301-38 435 Hans WOUTERS Tel: +352-4301-37 356 |
Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators
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 |
|||||||
2010 |
2011 |
2010 |
2011 |
|||||
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
|
EA17 |
0.4 |
0.3 |
0.8 |
0.2 |
2.0 |
2.0 |
2.5 |
1.7 |
EU27 |
0.5 |
0.2 |
0.8 |
0.2 |
2.2 |
2.1 |
2.5 |
1.7 |
Member States |
||||||||
Belgium |
0.4 |
0.5 |
1.0 |
0.7 |
2.0 |
2.1 |
3.0 |
2.5 |
Bulgaria |
0.7 |
0.5 |
0.6 |
0.1 |
0.0 |
3.8 |
3.4 |
1.9 |
Czech Republic |
0.8 |
0.5 |
0.9 |
0.2 |
2.6 |
2.7 |
2.8 |
2.4 |
Denmark |
1.1 |
-0.2 |
-0.1 |
: |
3.3 |
2.6 |
1.9 |
: |
Germany |
0.8 |
0.5 |
1.3 |
0.1 |
4.0 |
3.8 |
4.6 |
2.8 |
Estonia** |
1.2 |
2.5 |
2.4 |
1.8 |
5.0 |
6.7 |
8.5 |
8.4 |
Ireland |
0.3 |
-1.4 |
1.3 |
: |
0.1 |
0.0 |
0.0 |
: |
Greece |
-1.6 |
-2.8 |
0.2 |
: |
-4.1 |
-7.4 |
-5.5 |
: |
Spain |
0.0 |
0.2 |
0.3 |
0.2 |
0.2 |
0.6 |
0.8 |
0.7 |
France |
0.4 |
0.3 |
0.9 |
0.0 |
1.6 |
1.4 |
2.1 |
1.6 |
Italy |
0.3 |
0.1 |
0.1 |
0.3 |
1.4 |
1.5 |
1.0 |
0.8 |
Cyprus |
0.5 |
0.4 |
0.0 |
0.4 |
2.0 |
2.5 |
1.6 |
1.4 |
Latvia |
1.8 |
1.1 |
0.5 |
2.2 |
2.6 |
3.5 |
3.4 |
5.7 |
Lithuania |
0.3 |
1.8 |
3.5 |
0.2 |
1.6 |
4.6 |
6.8 |
5.9 |
Luxembourg |
0.7 |
2.8 |
0.1 |
: |
2.3 |
5.7 |
4.9 |
: |
Hungary |
0.8 |
0.1 |
0.3 |
0.0 |
2.4 |
2.4 |
1.6 |
1.2 |
Malta |
0.5 |
1.2 |
0.7 |
: |
2.5 |
3.6 |
2.2 |
: |
Netherlands** |
0.0 |
0.7 |
0.8 |
0.1 |
1.8 |
2.3 |
2.8 |
1.5 |
Austria |
1.2 |
1.0 |
0.8 |
1.0 |
2.8 |
3.3 |
3.9 |
4.1 |
Poland |
1.2 |
0.8 |
1.0 |
: |
4.6 |
3.9 |
4.3 |
: |
Portugal |
0.3 |
-0.6 |
-0.6 |
0.0 |
1.2 |
1.0 |
-0.6 |
-0.9 |
Romania |
-0.7 |
0.1 |
0.7 |
0.2 |
-2.1 |
-0.6 |
0.3 |
0.3 |
Slovenia |
0.3 |
0.5 |
0.3 |
: |
1.4 |
1.9 |
2.1 |
: |
Slovakia |
0.8 |
0.8 |
0.9 |
0.9 |
4.0 |
3.3 |
3.5 |
3.4 |
Finland |
0.4 |
1.7 |
0.4 |
1.2 |
3.5 |
5.5 |
5.1 |
3.7 |
Sweden |
1.9 |
1.6 |
0.8 |
1.0 |
6.6 |
7.6 |
6.4 |
5.3 |
United Kingdom |
0.6 |
-0.5 |
0.5 |
0.2 |
2.5 |
1.5 |
1.6 |
0.7 |
EFTA countries |
||||||||
Iceland |
2.2 |
-1.5 |
2.0 |
: |
-1.4 |
0.1 |
2.2 |
: |
Norway |
-1.6 |
2.3 |
-0.4 |
: |
-1.2 |
1.2 |
0.1 |
: |
Switzerland |
0.8 |
0.7 |
0.3 |
: |
2.8 |
3.1 |
2.5 |
: |
Main economic partners |
||||||||
United States |
0.6 |
0.6 |
0.1 |
0.3 |
3.5 |
3.1 |
2.2 |
1.6 |
Japan |
1.0 |
-0.6 |
-0.9 |
-0.3 |
4.8 |
2.5 |
-0.7 |
-0.9 |
-
:Data not available
-
*The seasonal adjustment includes a working-day correction for the following Member States: Belgium, the Czech Republic, Germany, Estonia, Spain, France, Italy, Cyprus, Latvia, Lithuania, Hungary, Malta, the Netherlands, Austria, Poland, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
** Percentage change compared to the same quarter of the previous year calculated from non-seasonally adjusted data.
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