GDP and general government net borrowing - Years 2022 - 2024

In 2024 GDP at current prices grew by 2.9% (to 2,192,182 million euro) compared with the previous year. The chained volume measure of GDP increased by 0.7%.

Gross fixed capital formation, final consumption expenditure and exports rose in volume by 0.5%, 0.6% and 0.4% respectively; imports of goods and services decreased by 0.7%.

National demand (excluding changes in inventories) has contributed to GDP growth by +0.5 percentage points and net exports by +0.4 points. The contributions of changes in inventories was negative by 0.1 percentage points.

Value added in volume increased by 2.0% in agriculture, forestry and fishing, by 1.2% in construction and by 0.6% in services, while it decreased in mining and quarrying, manufacturing and other industrial activities (-0.1%).

General Government net borrowing was -75,547 million euro: -3.4% of GDP, compared with -7.2 % in 2023.

Primary balance (General Government net borrowing net of interests) was +0.4% of GDP (-3.6% in 2023).

This press release was closed with data available as of February 26.