GDP and general government net borrowing - Years 2023-2025

In 2025 GDP at current prices grew by 2.5% (to 2,258,049 million euro) compared with the previous year. The chained volume measure of GDP increased by 0.5%.

Gross fixed capital formation, final consumption expenditure and exports rose in volume by 3.5%, 0.9% and 1.2% respectively; imports of goods and services by 3.6%.

National demand (excluding changes in inventories) has contributed to GDP growth by 1.5 percentage points. The contributions of net exports and of changes in inventories was negative by 0.7 points and by 0.2 percentage points respectively.

Value added in volume increased by 0.3% in mining and quarrying, manufacturing and other industrial activities, by 2.4% in construction and by 0.3% in services, while it decreased by 0.1% in agriculture, forestry and fishing.

General Government net borrowing was -70,286 million euro: -3.1% of GDP, compared with -3.4% in 2024.

Primary balance (General Government net borrowing net of interests) was +0.7% of GDP (+0.5% in 2024).

This press release was closed with data available as of February 27.