The EU’s gross domestic product (GDP) remained stable, registering just a small variation (-0.2% in the third quarter of 2023, compared with the same quarter of 2022).
This information comes from data on quarterly estimates for greenhouse gas emissions by economic activity published by Eurostat today.
In the third quarter of 2023, the economic sectors responsible for the largest reductions compared to the third quarter of 2022 were electricity and gas supply (- 23.7%), households (-6.5%) and manufacturing (-4.9%).
In the third quarter of 2023, greenhouse gas emissions are estimated to have decreased in 23 EU countries, when compared with the third quarter of 2022. Increases are estimated for Malta (+7.7%), Cyprus (+3.7%), Latvia (+3.4%) and Slovakia (0.9%). Among these 4 EU members, 3 had a GDP increase: Malta (+7.1%), Cyprus (+2.5%) and Slovakia (+1.1%).
The largest reductions in greenhouse gases are estimated for Estonia (-30.7%), Bulgaria (-18.6%) and Germany (-12.2%).
Out of the 23 EU members that are estimated to have decreased their emissions, 11 also recorded a decline in their GDP (Ireland, Estonia, Austria, Luxembourg, Sweden, Finland, Czechia, Netherlands, Germany, Denmark, Hungary). Italy maintained its GDP at the same level as in the third quarter of 2022 while decreasing its GHG emissions. The other 11 EU countries (Romania, Croatia, Greece, Portugal, Bulgaria, Belgium, Spain, Slovenia, Poland, France, Lithuania) are estimated to have managed to decrease emissions while growing their GDP.
