According to data released by Eurostat today, Croatia and Ireland had the largest GDP growth rates in the first quarter of this year compared to the previous year.
Ireland’s GDP increased by 7.8%, and Croatia’s GDP increased by 5.8%.
The largest decline was in Portugal, where the GDP in the first quarter fell by 3.3% compared to the previous quarter, followed by Slovakia, which fell by 2%.
In the same period last year, Ireland’s GDP grew by 12.8%, while Croatia’s GDP in the first quarter of this year fell by 0.9% year-on-year.
At the EU level, GDP in the first quarter fell slightly by 0.1% from the previous quarter. In the fourth quarter of last year, the EU also recorded a 0.4% drop after a strong recovery of 11.7%.