EU GDP grows 0.5% in third quarter of 2010

European Union (EU) GDP increased by 0.5% while Euro area GDP increased by 0.3% in the third quarter of 2010, according to Eurostat, the statistical office of the EU.

In the second quarter of 2010, growth rates were 1% in both zones.

In comparison with the same quarter the year before, GDP rose in the third quarter of 2010 by 1.9% in the Euro area and by 2.25% in the EU27, after 2% growth in both zones in the second quarter.

Sweden recorded the highest growth rate—2.1%—compared with the previous quarter, followed by Luxembourg at 1.5% and Poland at 1.3%.

Among the main partners of the EU, GDP increased by 0.6% in America in the third quarter of 2010 and by 1.1% in Japan.

Compared with the third quarter of 2009, GDP grew by 3.2% in America and by 5% in Japan.