Economy and finance
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 February 2025, the euro area seasonally-adjusted unemployment rate was 6.1%, down from 6.2% in January 2025 and from 6.5% in February 2024. The EU unemployment rate was 5.7% in February 2025, also down from 5.8% in January 2025 and from 6.1% in February 2024. These figures are published by Eur...
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Euro area annual inflation is expected to be 2.2% in March 2025, down from 2.3% in February according to a flash estimate from Eurostat, the statistical office of the European Union.
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In January 2025, compared with December 2024, seasonally adjusted production in construction increased by 0.2% in the euro area and decreased by 0.2% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In December 2024, production in construction g...
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In the fourth quarter of 2024 the hourly labour costs rose by 3.7% in the euro area and by 4.3% in the EU, compared with the same quarter of the previous year. These figures are published by Eurostat, the statistical office of the European Union.
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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 general government financial accounts published by Eurostat cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities.
‘Other accounts receivable’ are assets representing the timing difference between the recording of most transactions i...
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On 16 and 17 January 2025, the high-level ‘Closing data gaps on climate change’ conference of the European Statistical Forum (ESF) was held in Brussels. At the event, the European Statistical System and the European System of Central Banks discussed ways to enrich their statistics related to clim...
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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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The labour productivity is the ratio of gross domestic product (market prices in millions, chain-linked volumes reference year 2015) to total hours worked (domestic concept). The GDP per hour worked gives an indication of how much economic production activity can be attributed to each hour work...
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Employees correspond to the ILO definition of 'paid employment'. The relationship of employer to employee exists when there is a contract, which may be formal or informal, between an enterprise and a person, entered into voluntarily by both parties, whereby the person works for the enterpr...
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Persons in employment are those who, during the reference week, did any work for pay or profit, or were not working but had a job from which they were temporarily absent. Anyone who receives a wage for on-the-job training that involves the production of goods or services is also considered as bei...
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Persons in employment are those who, during the reference week, did any work for pay or profit, or were not working but had a job from which they were temporarily absent. Anyone who receives a wage for on-the-job training that involves the production of goods or services is also considered as bei...
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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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