Europe Radar · Quarterly close · Q4 2024
26 quarterly indicators with Q4 2024 data for most countries.
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Key points
- Real GDP, year-on-year change (quarterly): The EU-27 stands at 1.8% (+1.5 pp on a year earlier). Spain, 3.7%, ranking 9 of 36. The highest value is Ireland (12.3%) and the lowest Estonia (-0.1%).
- Employment rate (20–64): The EU-27 stands at 75.9% (+0.4 pp on a year earlier). Spain, 71.8%, ranking 27 of 34. The highest value is Iceland (86.2%) and the lowest Türkiye (58.5%).
- Current account balance: The EU-27 stands at 2.4% (-0.3 pp on a year earlier). Spain, 2.7%, ranking 9 of 36. The highest value is Ireland (12.0%) and the lowest Montenegro (-27.2%).
- Nominal GDP (quarterly): The EU-27 stands at 4,759,071 M€ (+4.7% on a year earlier). Spain, 421,586 M€. The highest value is Germany (1,126,020 M€) and the lowest Montenegro (1,931 M€).
- Real GDP, chain-linked volume (quarterly): The EU-27 stands at 3,953,632 M€ (+1.8% on a year earlier). Spain, 351,799 M€. The highest value is Germany (921,409 M€) and the lowest Montenegro (1,410 M€).
- Household consumption, real year-on-year change: The EU-27 stands at 2.5% (+1.7 pp on a year earlier). Spain, 4.5%, ranking 11 of 36. The highest value is Montenegro (12.5%) and the lowest Finland (-1.0%).
- Government consumption, real year-on-year change: The EU-27 stands at 2.7% (+0.4 pp on a year earlier). Spain, 2.7%, ranking 13 of 36. The highest value is Romania (9.7%) and the lowest North Macedonia (-6.0%).
- Gross fixed capital formation, real year-on-year change: The EU-27 stands at -1.4% (-4.5 pp on a year earlier). Spain, 8.7%, ranking 5 of 35. The highest value is Cyprus (58.7%) and the lowest Ireland (-37.1%).
All indicators
| Indicator | EU-27 | Euro area | Spain | Highest | Lowest | Countries |
|---|---|---|---|---|---|---|
| GDP and national accounts | ||||||
| Nominal GDP (quarterly) M€ | 4,759,071 M€ | 4,016,004 M€ | 421,586 M€ | Germany 1,126,020 M€ | Montenegro 1,931 M€ | 37 |
| Real GDP, year-on-year change (quarterly) % | 1.8% | 1.5% | 3.7% 9/36 | Ireland 12.3% | Estonia -0.1% | 36 |
| Real GDP, chain-linked volume (quarterly) M€ (2020) | 3,953,632 M€ | 3,367,175 M€ | 351,799 M€ | Germany 921,409 M€ | Montenegro 1,410 M€ | 37 |
| Household consumption, real year-on-year change % | 2.5% | 2.3% | 4.5% 11/36 | Montenegro 12.5% | Finland -1.0% | 36 |
| Government consumption, real year-on-year change % | 2.7% | 2.4% | 2.7% 13/36 | Romania 9.7% | North Macedonia -6.0% | 36 |
| Gross fixed capital formation, real year-on-year change % | -1.4% | -1.7% | 8.7% 5/35 | Cyprus 58.7% | Ireland -37.1% | 35 |
| Exports, real year-on-year change % | 1.2% | 1.2% | 4.8% 9/36 | Ireland 14.7% | Romania -5.8% | 36 |
| Imports, real year-on-year change % | 2.0% | 1.5% | 5.2% 11/36 | Montenegro 14.6% | Ireland -3.8% | 36 |
| Prices | ||||||
| House prices index 2015 = 100 | 156.2 | 149.2 | 166.1 17/29 | Türkiye 1,884.9 | Finland 100.6 | 29 |
| House prices, annual rate of change % | 4.9% | 4.3% | 11.3% 5/30 | Türkiye 28.5% | France -1.9% | 30 |
| House sales, annual rate of change % | — | — | 18.4% 7/19 | Luxembourg 106.4% | Poland -15.9% | 19 |
| Sales of newly built dwellings, annual rate of change % | — | — | 20.3% 5/15 | Luxembourg 266.0% | Slovenia -62.0% | 15 |
| Sales of existing dwellings, annual rate of change % | — | — | 18.1% 7/17 | Luxembourg 91.0% | Poland -16.9% | 17 |
| Government | ||||||
| Government debt (quarterly) % of GDP | 80.6% | 86.6% | 101.6% 24/28 | Greece 154.2% | Estonia 23.5% | 28 |
| Net issuance of government debt securities % of GDP | — | -0.2% | -3.9% 23/27 | Malta 8.9% | Cyprus -11.6% | 27 |
| Government deficit (−) or surplus (+) (quarterly) % of GDP | -3.3% | -2.7% | -7.1% 23/30 | Norway 9.9% | Malta -12.0% | 30 |
| Business and activity | ||||||
| Residential building permits (useful floor area) index 2021 = 100 | 69.3 | 69.2 | 87.2 13/35 | Moldova 240.7 | Ukraine 29.5 | 35 |
| Labour market and productivity | ||||||
| Employment rate (20–64) % of population | 75.9% | 75.4% | 71.8% 27/34 | Iceland 86.2% | Türkiye 58.5% | 34 |
| Employed persons (15–74) thousand persons | 206,918 | 163,890 | 21,839 | Germany 42,741 | Iceland 224 | 34 |
| Labour costs (B–S) index 2020 = 100 | — | — | 118.7 24/27 | Hungary 176.6 | Finland 104.9 | 27 |
| Job vacancy rate (B–S) % | 2.3% | 2.5% | 0.9% 27/31 | Netherlands 4.1% | Türkiye 0.7% | 31 |
| External sector and financing | ||||||
| Current account balance % of GDP | 2.4% | 2.7% | 2.7% 9/36 | Ireland 12.0% | Montenegro -27.2% | 36 |
| Goods balance % of GDP | 1.9% | 2.0% | -2.2% 18/36 | Ireland 36.4% | Montenegro -41.6% | 36 |
| Services balance % of GDP | 0.6% | 0.9% | 5.4% 14/36 | Cyprus 32.6% | Denmark -3.0% | 36 |
| Net international investment position % of GDP | — | 11.4% | -40.0% 26/36 | Norway 363.3% | Greece -138.6% | 36 |
| Net direct investment % of GDP | -2.3% | 0.2% | 2.3% 6/36 | Luxembourg 99.1% | Malta -32.4% | 36 |
Previous reports
Q2 2026 · Q1 2026 · Q4 2025 · Q3 2025 · Q2 2025 · Q1 2025 · Q3 2024