Economic growth in the Eurozone and the European Union stood at 2.3% and 2.4% of GDP in 2017 respectively, according to an estimate published by the statistical office of the European Union (Eurostat) on Wednesday 7 March.
The figures are therefore slightly lower than those presented in a flash estimate on 14 February, in which Eurostat put growth at 2.5% of GDP in both areas (see EUROPE 11961).
Between the fourth quarter of 2016 and the fourth quarter of 2017, moreover, GDP grew by 2.7% in the Eurozone and by 2.6% in the EU. The growth rate in the fourth quarter of 2017 was 0.7% of GDP in both the EU and the Eurozone, or 0.1% less than the third quarter of the last year.
However, the latter figure hides significant disparities between member states, with Greece and Croatia having seen a growth rate of 0.1% of GDP in the fourth quarter of 2017, compared to 2.0% and 2.2% of GDP in Slovenia and Estonia.
Among the main components of growth, household final consumption expenditure contributed 0.1% and 0.2% of growth in the Eurozone and the EU and gross fixed capital formation contributed 0.2% in both zones. (Original version in French by Lucas Tripoteau)