Economic performance decreased by 2.1% in Quarter 1 of 2021 compared to Quarter 1 of 2020

GDP volume change compared to the same quarter of the previous year

The volume of GDP was up by 2.0% compared to the previous quarter

GDP volume change compared to the previous quarter

The decline in GDP was mainly caused by the decrease in the performance of services in Quarter 1 of 2021

Contribution to GDP volume change

From an expenditure approach, the decreasing consumption of households still had a substantial role in the decrease in GDP

Contribution to GDP volume change

The EU's economic performance went down in Quarter 1 of 2021 also compared to the low base one year earlier, already hit by the pandemic

GDP volume change compared to the same period of the previous year

The EU's economic performance decreased compared to the previous quarter, too; changes in the GDP of the different Member States was also determined by the pandemic situation

GDP volume change in EU member countries, Quarter 1, 2021

Despite the low base from one year earlier, the volume of GDP went on decreasing in several EU Member States

GDP volume change in EU member countries, Quarter 1, 2021