EU, eurozone GDP up 0.4% year-on-year in 2023

Employment and GDP up in both zones

By Gokhan Ergocun

ISTANBUL (AA) - Both the EU and eurozone economies grew 0.4% in 2023, the EU statistics office said on Friday.

The GDP growth rates of both economies were at 3.4% in 2022, Eurostat added.

On a quarterly basis, GDP was stable in both two regions in the last quarter of 2023 after falling 0.1% in the third quarter.

In the last quarter, the number of employed persons rose 0.3% in the euro area and 0.2% in the EU, compared with the previous quarter.

"In the third quarter of 2023, employment had increased by 0.2% in both zones," it said.

The eurozone/euro area, or EA19, represents member states that use the single currency – the euro – while the EU27 includes all member countries of the bloc.

Kaynak:

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