EFTA countries' GDP growth rate for third quarter 2009

Published 11-01-2010
Norway and Switzerland showed a positive growth in GDP for the third quarter of 2009 whilst GDP growth for Iceland was still negative.

According to a Eurostat press release of 8 January 2010, the EU27 Gross Domestic Product (GDP) measured in volume increased by 0.3% in the third quarter from the second quarter of 2009. Among the EFTA countries, Norway had the highest growth in GDP in the third quarter of 2009 with 0.9%, which was the fifth highest growth rate in the European Economic Area. Switzerland had a quarterly GDP growth similar to the EU27 average of 0.3%.

Iceland had a negative GDP growth rate in the third quarter of 2009 with a decrease of 5.7%. This was the highest negative growth rate among EFTA countries and the EU27.

For more information, see the Eurostat website.

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