Description
The Euro area Real Gross Domestic Product (Real GDP) is calculated and published by Eurostat. This indicator measures the change in the total value of goods and services produced by the economy, adjusted for inflation. A higher GDP growth rate indicates faster economic expansion, while a lower rate indicates slower growth or contraction, making it a key measure of economic health.
Eurostat releases GDP data in three stages:
Flash Estimate: Usually released about 30 days after the quarter ends, providing a quick assessment of the economic performance for the quarter.
Preliminary Estimate: A more detailed estimate based on more comprehensive data, usually released about 15 days after the Flash Estimate.
Final Estimate: The final data, calculated with the most complete and recent statistical information, typically released about 30 days after the Preliminary Estimate.
This data is typically released quarterly, providing information on the economic activity of the previous quarter.