Real GDP growth rate (chain-linked volume)

Gross domestic product (GDP) is calculated taking account of all economic transactions. When calculating the real economic growth, there needs to be an adjustment for price changes. The nominal GDP includes price changes, which is removed when calculating the real GDP. The real economic growth shows how much the volume of goods in the economy has increased.

Real GDP growth rate (annual) -2.7 %
4TH QUARTER 2023
Real GDP growth rate (quarterly) 1.2 %
4TH QUARTER 2023
Real GDP growth rate (quarterly, seasonally adjusted) -0.7 %
4TH QUARTER 2023
Flash estimate of GDP, at constant prices and seasonally and working-day adjusted | 1st quarter 2022 – 1st quarter 2024
GDP chain-linked volume (reference year 2015) | 2011–2023
GDP chain-linked volume (reference year 2015) | 2019 – 2023
Unit: million euros
2019 2020 2021 2022 2023
Seasonally and working day unadjusted 24,309.7 24,075.0 25,820.2 25,701.2 24,928.7
Seasonally and working day adjusted 24,247.9 24,081.8 25,857.2 25,734.3 24,929.1

Source data in the statistics database: RAA0012 Source data in the statistics database: RAA0061 Source data in the statistics database: RAA0042