Economy and finance

In the fourth quarter of 2024, the seasonally adjusted general government deficit to GDP ratio stood at 3.2% in the euro area (EA20) and 3.4% in the EU. In the fourth quarter of 2024, the euro area and EU deficit to GDP ratios increased compared to the third quarter of 2024.
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At the end of the fourth quarter of 2024, the general government gross debt to GDP ratio in the euro area (EA20) stood at 87.4%, compared with 88.1% at the end of the third quarter of 2024. In the EU, the ratio also decreased from 81.6% to 81.0%.
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In the euro area the government deficit to GDP ratio decreased from 3.5% in 2023 to 3.1% in 2024, and in the EU from 3.5% to 3.2%. In the euro area the government debt to GDP ratio slightly increased from 87.3% at the end of 2023 to 87.4% at the end of 2024, and in the EU from 80.8% to 81.0%.
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The euro area annual inflation rate was 2.2% in March 2025, down from 2.3% in February. A year earlier, the rate was 2.4%. European Union annual inflation was 2.5% in March 2025, down from 2.7% in February. A year earlier, the rate was 2.6%. These figures are published by Eurostat, the statistica...
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In February 2025, compared with January 2025, seasonally adjusted industrial production increased by 1.1% in the euro area and by 1.0% the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2025, industrial production grew by 0.6% in the euro ...
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In the fourth quarter of 2024, house prices, as measured by the House Price Index, increased by 4.2% in the euro area and by 4.9% in the EU compared with the same quarter of the previous year. In the third quarter of 2024, house prices increased by 2.7% and 3.9% in the euro area and EU, respectiv...
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In January 2025, compared with December 2024, seasonally adjusted services production increased by 0.4% 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 December 2024, services production fell by 0.2% in the euro ...
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In February 2025, compared with January 2025, the seasonally adjusted retail trade volume increased by 0.3% in the euro area and by 0.2% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2025, retail trade volume remained stable in the...
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In the fourth quarter of 2024, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €113.2 billion (+2.5% of GDP), compared with a surplus of €107.5 billion (+2.4% of GDP) in the third quarter of 2024 and a surplus of €103.4 billion (+2.4% of GDP) in the fou...
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The household saving rate in the euro area was at 15.3% in the fourth quarter of 2024 (same rate as in the third quarter of 2024), which is explained by consumption and gross disposable income increasing at the same rate (+1.0%).
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In February 2025, compared with January 2025, industrial producer prices increased by 0.2% 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 January 2025, industrial producer prices grew by 0.7% in the euro area an...
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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 th...
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In March 2025, the price of eggs in the EU was on average 6.7% higher than in March 2024.   Among the EU countries, the highest increase in annual inflation for eggs was recorded in Czechia (+46.0% in March 2025 compared with March 2024), followed by Slovakia (+29.8%) and Hungary (+26.1%). Meanw...
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As of 1 January 2025, 22 out of 27 EU countries have national minimum wages, making Denmark, Italy, Austria, Finland and Sweden the exceptions.  In January 2025, 10 EU countries had minimum wages below €1 000 per month: Bulgaria (€551), Hungary (€707), Latvia (€740), Romania (€814), Slovakia (€8...
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In March 2025, the UN Statistical Commission endorsed the 2025 System of National  Accounts (2025 SNA) and the 7th edition of the Balance of Payments Manual (BPM7) as the new global standards for compiling national accounts and balance of payments statistics.  Eurostat and the national statistic...
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In the fourth quarter of 2024, house prices in the EU rose by 4.9%, while rents increased by 3.2% compared with the fourth quarter of 2023. Compared with the third quarter of 2024, house prices increased by 0.8% and rents by 0.6%.  This information comes from data on house prices and rents publ...
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In 2024, the gross domestic product (GDP) per capita expressed in purchasing power standards (PPS) ranged between 66% of the EU average in Bulgaria and 241% in Luxembourg. This information comes from the preliminary estimates of purchasing power parities (PPPs) and GDP for 2024 published by Euro...
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In 2023, the EU countries’ general government expenditure on defence amounted to €227 billion, representing 2.7% of total general government expenditure. This is equivalent to 1.3% of GDP. At EU level, the share of defence expenditure in total expenditure decreased from 3.0% in 1995 to 2.7% in 2...
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In 2023, real GDP increased in 154 EU regions compared with 2022, while decreases were registered in 85 regions.  The region with the largest growth in real GDP was Malta (a single region at this level of detail), with a 6.7% increase, followed by Severen Tsentralen in Bulgaria (+5.8%), Illes Ba...
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In 2023, personal transfers outflows from the EU (money sent by EU resident households to non-resident households) reached a record level of €50.9 billion, an 8% increase compared with 2022 (€47.0 billion).  The largest share of these outflows went to Asia (excluding the Near and Middle East), a...
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The most common form of contingent liabilities in the EU countries is government guarantees on liabilities, and occasionally on assets of third parties. In 2020 and 2021, government guarantees, provided in the EU, increased substantially following the onset of the COVID-19 pandemic. In 2022, the ...
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In 2022, EU exports of spacecraft and space transport services totalled €1 340 million after experiencing a 36% drop compared with 2021 (€2 108 million). In 2022, 84% of all exports, or €1 129 million, went to countries outside the EU. The EU exports peaked in 2012, at €3 273 million, and declin...
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The private sector debt is the stock of liabilities held by the sectors Non-Financial corporations, Households and Non-Profit institutions serving households (S.11_S.14_S.15). The instruments that are taken into account to compile private sector debt are Debt securities (F.3) and Loans (F.4). Dat...
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The private sector credit flow represents the net amount of liabilities in which the sectors Non-Financial corporations, Households and Non-Profit institutions serving households (S.11_S.14_S.15) have incurred along the year. The instruments that are taken into account to compile private sector c...
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The labour productivity = GDP/ETO with GDP = Gross domestic product, chain-linked volumes reference year 2015 ETO = Total employment, all industries, in persons The GDP per person employed is intended to give an overall impression of the productivity of national economies expressed in relation...
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Private consumption expenditure consists of expenditure incurred for the direct satisfaction of individual or collective needs by private households or non-profit institutions serving households (such as religious societies, sports and other clubs, political parties, etc.).
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Residential Construction tracks the actual construction (not sales) of housing and is part of Gross fixed capital formation. GFCF consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised...
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A country’s terms of trade measures a country's export prices in relation to its import prices. The terms of trade are a measure of a country's trade competitiveness since they indicate how much imports an economy can get for a unit of export goods and services. They are calculated as the rati...
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Gross fixed capital formation (GFCF) consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. GFCF includes acquisition ...
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Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regu...
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Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regu...
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The unit labour cost (ULC) is defined as the ratio of labour costs to labour productivity. Nominal ULC (NULC) = (D1/EEM) / (B1GQ/ETO) with D1 = Compensation of employees, all industries, current prices EEM = Employees, all industries, in persons (domestic concept) B1GQ = Gross domestic product...
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The nominal unit labour cost (NULC) index is defined as the ratio of labour cost to labour productivity, where labour cost is the ratio of compensation of employees (current prices) to hours worked by employees, and labour productivity is the ratio of gross domestic product (at market prices in m...
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