Economy and finance
The euro area annual inflation rate was 2.0% in October 2024, up from 1.7% in September. A year earlier, the rate was 2.9%. European Union annual inflation was 2.3% in October 2024, up from 2.1% in September. A year earlier, the rate was 3.6%. These figures are published by Eurostat, the statistical...
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The first estimates of euro area balance showed a €12.5 bn surplus in trade in goods with the rest of the world in September 2024, compared with + €9.8 bn in September 2023.
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In the third quarter of 2024, seasonally adjusted GDP increased by 0.4% in the euro area and by 0.3% the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2024, GDP had grown by 0.2% in ...
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In September 2024, compared with August 2024, seasonally adjusted industrial production decreased by 2.0% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In August 2024, industrial production grew by 1.5% in the euro area an...
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In August 2024, compared with July 2024, seasonally adjusted services production increased by 0.4% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, services production grew by 1.1% in the euro area and by 1.3% i...
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In September 2024, compared with August 2024, the seasonally adjusted retail trade volume increased by 0.5% in the euro area and by 0.3% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In August 2024, retail trade volume grew by 1.1% in the euro a...
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In September 2024, compared with August 2024, industrial producer prices decreased by 0.6% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In August 2024, industrial producer prices grew by 0.6% in the euro area and by 0.4% ...
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In September 2024, the euro area seasonally-adjusted unemployment rate was 6.3%, stable compared with August 2024 and down from 6.6% in September 2023. The EU unemployment rate was 5.9% in September 2024, also stable compared with August 2024 and down from 6.1% in September 2023. These figures are p...
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Euro area annual inflation is expected to be 2.0% in October 2024, up from 1.7% in September according to a flash estimate from Eurostat, the statistical office of the European Union.
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In the third quarter of 2024, seasonally adjusted GDP increased by 0.4% in the euro area and by 0.3% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2024, GDP had gr...
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Following recommendations for a harmonised European revision policy for national accounts and balance of payments, EU countries have carried out a benchmark revision of their national accounts estimates in 2024. The purpose of this benchmark revision is to implement changes introduced by the amended...
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Anyone watching the news has come across articles and stories about inflation and prices going up and down. Eurostat news often cover price variations of many household staples in the EU, such as olive oil, pasta, meat, coffee and other breakfast foods. We also did a deep dive into inflation and how...
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In 2022, the EU produced €31 674 billion worth of goods and services, while imports from outside the EU (excluding intra-EU trade) were valued at €3 106 billion.
Nearly half (48.7%) of these goods and services were used for intermediate consumption, meaning they were used to make other products. An...
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In 2023, the average annual full-time adjusted salary for employees in the EU was €37 900, reflecting a 6.5% increase from €35 600 in 2022.
Source dataset: nama_10_fte
Among the EU countries, the highest average annual full-time adjusted salary was recorded in Luxembourg (€81 100), followed by...
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The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), stood at 40.0% in the EU in 2023, a decrease compared with 2022 (40.7%). In the euro area, the tax-to-GDP ratio also decreased from 41.4% in 2022 to 40.6% in 2023.
In...
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The general government financial accounts published by Eurostat cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities.
Governments hold currency and deposit assets (stocks) such as money in bank accounts and cash reserves to make daily paym...
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In connection with the news releases for the Excessive deficit procedure (EDP) and the Government finance statistics (GFS) published today, a series of related documents have been updated:
Note on the stock of liabilities in trade credits and advances;
Stock-flow adjustment note explaining the l...
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Since 2020, fuel and lubricant prices for personal transport in the EU have shown significant volatility. Annual inflation rates were negative in May 2020 (-19.5%) but started to increase steeply in 2021, reaching +33.4% in November that year. The peak arrived in June 2022 (+39.2%) and after that, i...
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In the second quarter of 2024, house prices in the EU increased by 1.9% and rents by 0.7% compared with the first quarter of 2024.
Compared with the second quarter of 2023, house prices went up by 2.9%, while rents increased by 3.0%.
This information comes from data on house prices and rents publ...
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In July 2024, the consumer price of package holidays in the EU was 6.6% higher than in July 2023. The price of domestic holiday packages was up 11.1%, while international holiday packages saw a 5.7% increase.
The price of package holidays has been rising across the EU since August 2021. The annual ...
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In 2023, there were 362 400 professional firefighters in the EU, representing 0.18% of total EU employment. Compared with 2022, the number of firefighters increased by 3 200.
Among the 21 EU countries with available data, the highest shares of firefighters in total employment were registered in Cro...
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The general government financial accounts cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. In recent quarters, the liabilities of euro area governments increased because governments borrowed to finance their deficits to acquire assets. ...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) T...
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The balance of payments is a record of a country's international transactions with the rest of the world. The balance of payments is composed by two broad sub-balances: the current account and the capital and financial account. The current account is itself subdivided into four basic components: goo...
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The balance of payments is a record of a country's international transactions with the rest of the world. It is composed of the current account and the capital and financial account. The current account is itself subdivided into goods, services, income and current transfers; it registers the value o...
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The balance of payments is a record of a country's international transactions with the rest of the world. The balance of payments is composed of two broad sub-balances: the current account and the capital and financial account. The current account is itself subdivided into four basic components: goo...
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