Eurostat: Slovakia's Q4 GDP growth highest in the EU

The gross domestic product (GDP) of the European Union increased 2.6 percent year-on-year in the last quarter of 2007, according to the first estimate of the European Union's Statistical Office (Eurostat)

The gross domestic product (GDP) of the European Union increased 2.6 percent year-on-year in the last quarter of 2007, according to the first estimate of the European Union's Statistical Office (Eurostat)

In a quarterly comparison, this figure improved by 0.5 percentage points. Economic growth in the 13-strong Eurozone represented 2.3 percent in the monitored period, up 0.4 percentage points compared with Q2.

For comparison, the US economy posted a 2.5 percent improvement year-on-year and 0.2 percentage points quarter-on-quarter. Japan's GDP grew 1.8 percent year-on-year and 0.9 percentage points quarter-on-quarter.

According to data without accounting for seasonal influences, the Slovak economy strengthened by record-breaking 14.1 percent year-on-year, which represents the largest growth among all EU countries that provided data to Eurostat.

When compared with the third quarter of this year, the Slovak GDP posted 3.1 percent growth, which was the highest improvement among the twelve countries for which Eurostat had data available. SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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