GDP up by 0.2% in the euro area and by 0.3% in the EU28 (third quarter of 2019)

Seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of 2019, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.

In the second quarter of 2019, GDP had grown by 0.2% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.1% in the euro area and by 1.4% in the EU28 in the third quarter of 2019, after +1.2% in the euro area and +1.4% in the EU28 in the previous quarter.

Taxation in 2018

The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of Gross Domestic Product, stood at 40.3% in the European Union (EU) in 2018, a slight increase compared with 2017 (40.2%).

In the euro area, tax revenue accounted for 41.7% of GDP in 2018, up from 41.5% in 2017.

This information comes from a publication issued by Eurostat, the statistical office of the European Union.

Tax indicators are compiled in a harmonised framework based on the European System of Accounts (ESA 2010), enabling an accurate comparison of the tax systems and tax policies between EU Member States.