The gross domestic product (GDP) in the Eurozone surpassed the estimates and grew by 2.2% in the third quarter of the year when compared to the previous three-month period.
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At the same period, the GDP of the European Union posted quarterly growth of 2.1%.
GDP had expanded by 2.1% in the Eurozone and 2.0% in the EU in the second quarter.
On an annual basis, the Eurozone’s GDP rose by 3.7%, as the EU’s reading stood at 3.9% higher than the third quarter of 2020.
Austria recorded the biggest increase in its GDP, increasing by 3.3%, followed by France and Portugal. The GDP measure revealed a slight increase of 0.3% in Latvia, while Lithuania was the only EU country whose GDP remained the same.