GDP rose by 0.4 percent in the euro area and 0.3 in the EU

Brussels – In the first quarter of 2025, seasonally adjusted GDP increased by 0.4 percent (pct) in the euro area and 0.3 pct in the EU compared to the previous quarter, according to a preliminary estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2024, GDP had increased by 0.2 pct in the euro area and 0.4 in the EU.

These preliminary GDP flash estimates are based on incomplete data sources and subject to further revisions, Eurostat points out.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.2 pct in the euro area and 1.4 pct in the EU in the first quarter, after +1.2 in the euro area and +1.4 in the EU also in the previous quarter.

Among the member states for which data are available for the first quarter of 2025, Ireland (+3.2 pct) recorded the highest increase over the previous quarter, followed by Spain and Lithuania (both +0.6 pct). In Italy the increase was 0.3 pct.

Hungary (-0.2 pct) was the only member state to record a decline from the previous quarter. The year-on-year growth rate was positive in eleven countries and negative in three countries.