During the third quarter of 2013, GDP in the United States grew by 0.7% compared with the previous quarter (after +0.6% in the second quarter of 2013). Compared with the same quarter of the previous year, GDP rose by 1.6% (after +1.6% in the previous quarter).
GDP growth by Member State
Among Member States for which data are available for the third quarter of 2013, Romania (+1.6%) and Latvia (+1.2%) recorded the highest growth compared with the previous quarter, followed by Hungary and the United Kingdom (both +0.8%). Cyprus (-0.8%), the Czech Republic (-0.5%), France and Italy (both -0.1%) registered decreases.
GDP components and contributions to growth
During the third quarter of 2013, household final consumption expenditure rose by 0.1% in the euro area and by 0.2% in the EU28 (after +0.2% in both zones in the previous quarter). Gross fixed capital formation increased by 0.4% in the euro area and by 0.6% in the EU28 (after +0.2% and +0.3% respectively). Exports rose by 0.2% in the euro area and remained stable in the EU28 (after +2.1% in both zones). Imports increased by 1.0% in the euro area and by 0.9% in the EU28 (after +1.6% and +1.5%).
In the euro area, household final consumption expenditure had a neutral contribution to GDP growth while in the EU28 it contributed positively (+0.1 percentage points). The contribution of gross fixed capital formation was positive in both zones (+0.1 pp). The positive contribution of changes in inventories (+0.3 pp in the euro area and +0.4 pp in the EU28) was offset by the negative contribution of external trade (-0.3 pp and -0.4 pp respectively).