CNBC International’s Post

Which member state contributed the most to EU GDP? And what does GDP actually mean? Gross domestic product (GDP) is an indicator used to measure the size and performance of an economy. It provides information on the value of goods and services produced during a given period. Within the EU, GDP was valued at €17.0 trillion in 2023. In 2023, slightly less than a quarter of the EU’s GDP was generated by Germany (24.3%), followed by France (16.5%) and Italy (12.3%), ahead of Spain (8.6%) and the Netherlands (6.1%).

Many people are aware of the EU's economic diversity, but what exactly does it look like? This map gives you an overview not at the national but at the regional level of the EU. In 2022, regional GDP per capita expressed in terms of purchasing power standards (PPS) ranged from 30% of the EU average in Mayotte (an overseas region in France)  to 286% in Southern Ireland. Are you surprised how the GDP per capita also varies within a member state? Tell us in the comments! Note: GDP per capita, expressed in PPS, eliminates the differences in price levels between countries and enables meaningful GDP volume comparisons between countries. Expressed in relation to the European Union (EU27 = 100), a country with an index above 100 means that its GDP per capita is above the EU average.

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024 (table 1), according to the "second" estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent.

A two speed EU? Today (30 January) Eurostat published its preliminary flash estimate of the GDP for the fourth quarter of 2024 covering 13 Member States. It seems that the progression in the 3 major MS (Germany, France and Italy) is substantially lower that the one of the 2 Iberian countries or also of Lithuania (quite different to Estonia). At one year distance Germany faces a reduction by 0.2%, Italy has a limited progression of 0.5% and France just a little more at +0.7% (but this was still at +1.2% one quarter before). By contrast the progression reached 3.6% in Lithuania, 3.5% in Spain and 2.7% in Portugal. Compared to the previous quarter one observe -0.2% in Germany, -0.1% in France and 0.0% in Italy Against +1.5% in Portugal, +0.9% in Lithuania and +0.8% in Spain!

U.S. economic update on the slowdown in GDP during 1Q2024: > Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. > The increase in real GDP primarily reflected increases in consumer spending, residential fixed investment, nonresidential fixed investment, and state and local government spending that were partly offset by a decrease in private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased. > The increase in consumer spending reflected an increase in services that was partly offset by a decrease in goods. > Within services, the increase primarily reflected increases in health care as well as financial services and insurance. > Within goods, the decrease primarily reflected decreases in motor vehicles and parts as well as gasoline and other energy goods. > Within residential fixed investment, the increase was led by brokers’ commissions and other ownership transfer costs as well as new single-family housing construction. > The increase in nonresidential fixed investment mainly reflected an increase in intellectual property products. > The increase in state and local government spending reflected an increase in compensation of state and local government employees. > The decrease in inventory investment primarily reflected decreases in wholesale trade and manufacturing. > Within imports, the increase reflected increases in both goods and services. > Compared to the fourth quarter, the deceleration in real GDP in the first quarter primarily reflected decelerations in consumer spending, exports, and state and local government spending and a downturn in federal government spending. These movements were partly offset by an acceleration in residential fixed investment. Imports accelerated. Link to report in comments. #GDP #economy #gdpgrowth #stockmarket #bea #services #goods #manufacturing #inflation #interestrates

We expect 1Q GDP to settle above 6% due to a favorable net exports contribution. We didn't exactly export our way to growth, but relatively smaller trade deficits will be what pushes GDP to hit its full year target. As for actual domestic economic activity, household consumption should continue to grow alongside subdued capital formation. Wild card will be government spending. Can it compensate for softer private investment outlays? Growth will look good on paper, but it could have been higher and more durable had restrictive policy not curtailed investments too much. In the meantime, we still have inflation. https://lnkd.in/g_cTaMia

Gross domestic product rose 5.05% in the April-June period from a year ago, the statistics office said on Monday. That was faster than the median 5% increase seen in a Bloomberg News survey and compares with the 5.11% growth in the first quarter.

Gross Domestic Product per Capita across Europe 2024 What we’re showing: A map of GDP per capita levels for 44 European countries. Data is sourced from the International Monetary Fund, last updated April 2024. Key Takeaways Luxembourg, Ireland, and Switzerland, lead the list of Europe’s richest nations by per capita GDP, all above $100,000. Three Nordic countries (Norway, Denmark, Finland) also place highly, between $70,000-90,000. Meanwhile, Europe’s biggest economies, Germany, UK, and France hover around $50,000. On the other end of the scale, Eastern Europe tends to have much lower per capita GDPs. In that group, Ukraine ranks last, at $5,660.

Comparing Countries (#GDP) to Companies (#Revenue). I’m glad this is not comparing Market Cap with GDP like many graphs do. Revenue is a much more comparable measure (what was produced that year vs. what’s the expectation of future gains). JSesko@meridianfinance.com 818-914-9271 #tradecreditinsurance

Czech GDP grew by 0.4% y/y in the Q1 2024 #bne #bneEditorsPicks #bneChart #Czech Czechia’s gross domestic product (GDP) increased by 0.4% year on year and by 0.5% quarter on quarter in the first quarter of this year. The estimate released by the Czech Statistical Office (CZSO) follows a GDP drop of 0.8% in the third quarter of 2023 and a growth of 0.4% in Q4. Following the revision released by CZSO in late March, the Czech economy declined by 0.2% in 2023 overall.