Europe's economies are growing, but which is performing the best?

Nov 16, 2016

A teller counts euro banknotes inside a National Bank of Greece branch in Athens February 10, 2010. Euro zone countries held intensive talks on Wednesday on a possible rescue for Greece, whose debt crisis has shaken the entire currency union, as civil servants staged the first big strike against Athens' austerity plans. Financial markets gave Greece some respite as investors hoped that other European governments would help Athens to head off a possible default on its debt repayments. REUTERS/John Kolesidis (GREECE - Tags: BUSINESS POLITICS IMAGES OF THE DAY) - RTR2A1JP

Europe's fastest growing economies. Image: REUTERS/John Kolesidis

Keith Breene

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Slow but consistent growth across Europe is evident in the latest batch of quarterly GDP figures released by Eurostat.

For the first time in a year, no economy has shown a fall in GDP. Instead, all have grown between 0.1% and 0.8% compared with the second quarter of 2016.

Which European economies are growing fastest?

The seasonally adjusted figures show Bulgaria and Portugal as top performers with 0.8% growth, closely followed by Cyprus, The Netherlands, Slovakia and Spain with 0.7%.

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The larger EU economies fared less well. German growth fell to 0.2%, the same as France. The UK grew by 0.5%

GDP rose 0.4% in the EU as a whole during the third quarter of 2016, compared with the previous quarter. That compares with 0.7% in the U.S.

EU28, euro area and the United States GDP growth rates

Image: Eurostat

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