Preliminary estimate of GDP - Q4 2025

In the fourth quarter of 2025the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.3 per cent with respect to the previous quarter and by 0.8 per cent over the same quarter of previous year.

The fourth quarter of 2025 had two working days less than the previous quarter and the same number of working days compared to the same quarter of previous year.

The quarter on quarter change is the result of an increase of value added in agriculture, forestry and fishing, in industry and, less pronounced, in services. From the demand side, there is a positive contribution of the domestic component (gross of change in inventories) and a negative contribution of the net export component.

The carry-over annual GDP growth for 2026 is 0.3 per cent.