In the first quarter of 2022, seasonally adjusted GDP increased by 0.6% in the euro area and by 0.7% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2021, GDP had grown by 0.2% in the euro area and 0.5% in the EU.

During the first quarter of 2022, household final consumption expenditure decreased by 0.7% in the euro area and by 0.5% in the EU (after -0.3% in both the euro area and the EU in the previous quarter). Government final consumption expenditure decreased by 0.3% in both the euro area and the EU (after +0.4% in the euro area and +0.5% in the EU in the previous quarter). Gross fixed capital formation increased by 0.1% in the euro area and by 0.7% in the EU (after +3.1% and +2.7% respectively). Exports increased by 0.4% in both the euro area and the EU (after +2.7% and +2.9%). Imports decreased by 0.6% in the euro area and by 0.2% in the EU (after +4.7% and +4.2%).

The number of employed persons increased by 0.6% in the euro area and by 0.5% in the EU in the first quarter of 2022, compared with the previous quarter. In the fourth quarter of 2021, employment had increased by 0.4% in both the euro area and the EU.

Source:  Eurostat
Post by: Republic of Türkiye Ministry of Trade