Economic growth in the euro area since the launch of the euro has averaged 2.1%, compared with 2.6% growth in the United States and 2.7% on average in the three nonparticipating member states: Denmark, Sweden and the UK. Labour productivity growth has been very modest, at 0.8%, which is only half the average productivity growth in the abovementioned benchmark countries.
Growth performance Employment growth  GDP growth  Productivity growth  SUOMEN PANKKI | FINLANDS BANK | BANK OF FINLAND  5  But we must admit that employment growth in the euro area has been impressive.