Eurostat: Serbia tops the list in terms of economic growth in Europe

Serbia ranks first among the 38 European economies in terms of year-on-year gross domestic product growth in the first quarter of 2020, according to Eurostat’s data.

Serbia leads the ranking of seasonally adjusted and time-adjusted data with a jump in GDP of 5.0%, as well as the table of seasonally adjusted and time-adjusted indicators, where growth is 4.8%.

According to Eurostat data, Ireland is just below Serbia, whose growth, according to unadjusted data, was 4.6% in the first quarter, followed by Turkey with 4.5%, Lithuania with 2.4% and Hungary in fifth place with 2.2%.

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Poland ranked sixth with 1.7% economic growth in the first quarter, followed by Bulgaria with 1.2%, Norway with 1.1%, Cyprus with 0.9% and Malta with 0.5% GDP growth.

Croatia and Sweden share the 11th position with an economic expansion of 0.4% in the January-March period.

The data then follow the economies with negative growth in the first three months of 2020; from the smallest decline of 0.4% recorded in Denmark to the largest in Italy, up to 5.7%.

With a drop of 4.7% in GDP, France is also at the bottom of the ranking, and is in the company of Spain (-3.8), Slovakia (-3.7), Austria (-2.9), Slovenia (-2.4) and Germany (-1.9).

Eurostat’s analysis of GDP growth in the first quarter did not publish data for the economies of Montenegro, Bosnia and Herzegovina, North Macedonia, Albania and Kosovo.

(B92, 08.06.2020)

This post is also available in: Italiano

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