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) -2.4 %
3RD QUARTER 2022
Real GDP growth rate (quarterly) 0.5 %
3RD QUARTER 2022
Real GDP growth rate (quarterly, seasonally adjusted) -1.8 %
3RD QUARTER 2022
GDP chain-linked volume (reference year 2015) | 2009–2021
GDP chain-linked volume (reference year 2015) | 2017 – 2021
Unit: million euros
2017 2018 2019 2020 2021
Seasonally and working day unadjusted 22,515.1 23,367.1 24,241.0 24,107.4 26,039.2
Seasonally and working day adjusted 22,467.1 23,333.5 24,174.9 24,066.3 26,013.6

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