Quarterly national accounts - Q3 2025

In the third quarter of 2025, the gross domestic product (GDP), expressed in chain-linked values with reference year 2020, adjusted for calendar effects and seasonally adjusted, increased by 0.1% compared to the previous quarter and by 0.6% compared to the third quarter of 2024.

The GDP growth released on October 30, 2025, was flat on a quarterly basis, while the year-over-year growth was 0.4%. The third quarter of 2025 had four additional working days compared to the previous quarter and the same number of working days as the third quarter of 2024.

The carry-over annual GDP growth for 2025 is equal to 0.5%, unchanged since October 30. Compared to the previous quarter, all main components of domestic demand are showing growth, with a 0.1% increase in national final consumption and a 0.6% rise in gross fixed capital formation. Imports and exports increased by 1.2% and 2.6%, respectively.

Domestic demand net of inventories and valuables contributed 0.2 percentage points to GDP growth in the third quarter: +0.1 from Household and Non Profit Institutions serving Households (NPISH) consumption, and +0.1 from gross fixed investments, while the contribution from public administration (PA) spending was zero. The contribution from net foreign demand was also positive (+0.5 percentage points), while the change in inventories and valuables had a negative impact (-0.6 percentage points).

Positive quarterly quarter on quarter growth rates were recorded for the added value of agriculture (+0.8%) and services (+0.2%), while industry showed a negative trend (-0.3%).