Comparison of changes in volume of GDP in EU member states, Q2 2025 (second estimate)
Released: 11 September 2025
The economic performance of the European Union increased by 1.6% – according to seasonally and calendar adjusted data – in the 2nd quarter of 2025 compared to the same period of the previous year. The volume of GDP rose in the majority of the member states, the largest growth (of 18%) occurring in Ireland, where large multinational enterprises registered there sometimes cause outlying changes in GDP. A decrease was observed for Luxembourg (–0.2%) only. Among Visegrád countries, the economic performance went up by 3.0% in Poland, by 2.6% in Czechia, by 0.7% in Slovakia and by 0.2% in Hungary.
The performance of Hungary’s economy was 0.2% higher according to the seasonally and calendar adjusted and 0.1% higher according to the raw (unadjusted) datum than in the corresponding period of the previous year. This latter, small increase resulted from the performance growing by 4.3% in construction and by 1.3% in services as a whole, while decreasing by 11.4% in agriculture and by 3.3% in industry.
Compared to the previous quarter, the volume of the EU’s GDP was up by 0.2% and that of Hungary’s by 0.4%. In this respect, there was a decrease in three member countries (Finland, Germany and Italy).
The Ministry for National Economy counts on a 1.0% economic increase for 2025. In its forecast published in May 2025, the European Commission predicted a GDP growth of 0.8% for Hungary and of 1.1% for the European Union as a whole.
Table 1
Change in volume of gross domestic product in EU member states, Q2 2025*
Denomination
Compared to previous quarter, %
Compared to same quarter of previous year, %
EU average
0.2
1.6
Euro area
0.1
1.5
Belgium
0.2
1.0
Bulgaria
0.9
3.4
Czechia
0.5
2.6
Denmark
1.3
1.9
Germany
–0.3
0.2
Estonia
0.6
0.5
Ireland
0.2
18.0
Greece
0.6
1.7
Spain
0.7
2.8
France
0.3
0.8
Croatia
1.2
3.2
Italy
–0.1
0.4
Cyprus
0.5
3.3
Latvia
0.4
0.6
Lithuania
0.3
3.1
Luxembourg
0.6
–0.2
Hungary
0.4
0.2
Malta
0.6
2.3
Netherlands
0.1
1.5
Austria
0.3
0.3
Poland
0.8
3.0
Portugal
0.6
1.9
Romania
1.2
2.1
Slovenia
0.7
0.8
Slovakia
0.2
0.7
Finland
–0.4
0.0
Sweden
0.5
1.4
* Seasonally and calendar adjusted data. For the Netherlands, Finland and Sweden, data compared with the same quarter of the previous year are calendar adjusted only.
Source: Euro indicators – GDP, second quarter of 2025 Download date: 5 September 2025.
Figure 1
Figure 2
Released: 11 September 2025
The economic performance of the European Union increased by 1.6% – according to seasonally and calendar adjusted data – in the 2nd quarter of 2025 compared to the same period of the previous year. The volume of GDP rose in the majority of the member states, the largest growth (of 18%) occurring in Ireland, where large multinational enterprises registered there sometimes cause outlying changes in GDP. A decrease was observed for Luxembourg (–0.2%) only. Among Visegrád countries, the economic performance went up by 3.0% in Poland, by 2.6% in Czechia, by 0.7% in Slovakia and by 0.2% in Hungary.
The performance of Hungary’s economy was 0.2% higher according to the seasonally and calendar adjusted and 0.1% higher according to the raw (unadjusted) datum than in the corresponding period of the previous year. This latter, small increase resulted from the performance growing by 4.3% in construction and by 1.3% in services as a whole, while decreasing by 11.4% in agriculture and by 3.3% in industry.
Compared to the previous quarter, the volume of the EU’s GDP was up by 0.2% and that of Hungary’s by 0.4%. In this respect, there was a decrease in three member countries (Finland, Germany and Italy).
The Ministry for National Economy counts on a 1.0% economic increase for 2025. In its forecast published in May 2025, the European Commission predicted a GDP growth of 0.8% for Hungary and of 1.1% for the European Union as a whole.
Change in volume of gross domestic product in EU member states, Q2 2025*
| Denomination | Compared to previous quarter, % | Compared to same quarter of previous year, % |
|---|---|---|
| EU average | 0.2 | 1.6 |
| Euro area | 0.1 | 1.5 |
| Belgium | 0.2 | 1.0 |
| Bulgaria | 0.9 | 3.4 |
| Czechia | 0.5 | 2.6 |
| Denmark | 1.3 | 1.9 |
| Germany | –0.3 | 0.2 |
| Estonia | 0.6 | 0.5 |
| Ireland | 0.2 | 18.0 |
| Greece | 0.6 | 1.7 |
| Spain | 0.7 | 2.8 |
| France | 0.3 | 0.8 |
| Croatia | 1.2 | 3.2 |
| Italy | –0.1 | 0.4 |
| Cyprus | 0.5 | 3.3 |
| Latvia | 0.4 | 0.6 |
| Lithuania | 0.3 | 3.1 |
| Luxembourg | 0.6 | –0.2 |
| Hungary | 0.4 | 0.2 |
| Malta | 0.6 | 2.3 |
| Netherlands | 0.1 | 1.5 |
| Austria | 0.3 | 0.3 |
| Poland | 0.8 | 3.0 |
| Portugal | 0.6 | 1.9 |
| Romania | 1.2 | 2.1 |
| Slovenia | 0.7 | 0.8 |
| Slovakia | 0.2 | 0.7 |
| Finland | –0.4 | 0.0 |
| Sweden | 0.5 | 1.4 |
Source: Euro indicators – GDP, second quarter of 2025 Download date: 5 September 2025.