GDP up by 0.6% and employment up by 0.2% in the euro area
GDP growth in the euro area and the EU
In the first quarter of 2025, seasonally adjusted GDP increased by 0.6% both in the euro area and in the EU, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2024, GDP had grown by 0.3% in the euro area and 0.4% in the EU.
Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.5% in the euro area and by 1.6% in the EU in the first quarter of 2025, after +1.2% in the euro area and +1.4% in the EU in the previous quarter.
During the first quarter of 2025, GDP in the United States decreased by 0.1% compared to the previous quarter (after +0.6% in the fourth quarter of 2024). Compared with the same quarter of the previous year, GDP increased by 2.1% (after +2.5% in the previous quarter).
GDP growth by Member State
Ireland (+9.7%) recorded the highest increase of GDP compared to the previous quarter, followed by Malta (+2.1%) and Cyprus (+1.3%). The highest decreases were observed in Luxembourg (-1.0%), Slovenia (-0.8%), Denmark and Portugal (both -0.5%).
GDP components and contributions to growth
GDP components evolved in the first quarter of 2025 as follows:
household final consumption expenditure increased by 0.2% both in the euro area and in the EU (after +0.5% in the euro area and +0.6% in the EU in the previous quarter),
government final consumption expenditure remained stable in the euro area and decreased by 0.1% in the EU (after +0.4% and +0.5% respectively in the previous quarter),
gross fixed capital formation increased by 1.8% in both the euro area and the EU (after +0.7% and +0.6% respectively),
exports increased by 1.9% in the euro area and by 1.6% in the EU (after 0.0% and +0.1% respectively), and
imports increased by 1.4% in both the euro area and the EU (after -0.1% in both areas).
The contribution to GDP growth from:
household final consumption expenditure was positive for both the euro area and the EU (+0.1 percentage points – pp both),
government final expenditure was negligible for both the euro area and the EU,
gross fixed capital formation was positive for both the euro area and the EU (+0.4 pp for both),
changes in inventories was negative for both the euro area and the EU (-0.1 pp for both), and
exports less imports was positive for both the euro area (+0.3 pp) and the EU (+0.2 pp).
Employment growth in the euro area and EU
The number of employed persons increased by 0.2% in the euro area and remained stable in the EU in the first quarter of 2025, compared with the previous quarter. In the fourth quarter of 2024, employment had increased by 0.1% in the euro area and 0.2% in the EU.
Compared with the same quarter of the previous year, employment increased by 0.7% in the euro area and by 0.4% in the EU in the first quarter of 2025, after +0.8% in the euro area and +0.6% in the EU in the fourth quarter of 2024.
Hours worked decreased by 0.3% in both the euro area and the EU in the first quarter of 2025, compared with the previous quarter. Compared with the same quarter of the previous year, hours worked increased by 0.1% in the euro area and decreased by 0.2% in the EU.
These data provide a picture of labour input consistent with the output and income measure of national accounts.
Employment growth in Member States
In the first quarter of 2025, Croatia (+1.0%) and Spain (+0.8%) recorded the highest growth of employment in persons compared with the previous quarter. The highest declines of employment were recorded in Romania (-2.1%), Estonia (-0.8%), Lithuania and Poland (both -0.6%).
Employment levels in the euro area and EU
Based on seasonally adjusted figures, Eurostat estimates that in the first quarter of 2025, 219.8 million people were employed in the EU, of which 171.6 million were in the euro area.
Evolution of labour productivity in the euro area and EU
The combination of GDP and employment data allows an estimation of labour productivity.
In the first quarter of 2025, productivity based on persons increased by 0.8% in the euro area and by 1.3% in the EU compared to the same quarter of the previous year.
Based on hours worked, productivity compared with the same quarter of the previous year increased by 1.1% in the euro area and by 1.7% in the EU.
Tables
Growth rates of GDP in volume (based on seasonally adjusted* data) |
||||||||
|---|---|---|---|---|---|---|---|---|
Percentage change compared with the previous quarter |
Percentage change compared with the same quarter of the previous year |
|||||||
2024Q2 |
2024Q3 |
2024Q4 |
2025Q1 |
2024Q2 |
2024Q3 |
2024Q4 |
2025Q1 |
|
Euro area |
0.2 |
0.4 |
0.3 |
0.6 |
0.6 |
0.9 |
1.2 |
1.5 |
EU |
0.3 |
0.4 |
0.4 |
0.6 |
0.8 |
1.0 |
1.4 |
1.6 |
Belgium |
0.3 |
0.3 |
0.2 |
0.4 |
1.0 |
1.2 |
1.1 |
1.1 |
Bulgaria |
0.8 |
0.8 |
0.9 |
0.6 |
2.4 |
2.8 |
3.4 |
3.1 |
Czechia |
0.2 |
0.6 |
0.7 |
0.8 |
0.4 |
1.4 |
1.8 |
2.2 |
Denmark |
1.4 |
1.1 |
1.6 |
-0.5 |
4.1 |
3.7 |
4.2 |
3.6 |
Germany |
-0.3 |
0.1 |
-0.2 |
0.4 |
-0.2 |
-0.3 |
-0.2 |
0.0 |
Estonia |
0.1 |
0.1 |
0.2 |
-0.3 |
-0.7 |
-0.1 |
0.6 |
0.1 |
Ireland |
1.4 |
3.8 |
5.0 |
9.7 |
-3.0 |
3.0 |
9.5 |
21.1 |
Greece |
1.1 |
0.2 |
0.8 |
0.0 |
2.2 |
2.3 |
2.5 |
2.2 |
Spain |
0.8 |
0.7 |
0.7 |
0.6 |
3.3 |
3.3 |
3.3 |
2.8 |
France |
0.2 |
0.4 |
-0.1 |
0.1 |
1.0 |
1.1 |
0.6 |
0.6 |
Croatia |
1.1 |
0.5 |
1.2 |
0.3 |
3.3 |
4.2 |
3.7 |
3.1 |
Italy |
0.2 |
0.0 |
0.2 |
0.3 |
0.7 |
0.6 |
0.6 |
0.7 |
Cyprus |
0.3 |
1.1 |
0.2 |
1.3 |
3.4 |
3.8 |
2.9 |
3.0 |
Latvia |
-0.1 |
-0.2 |
0.0 |
0.0 |
0.0 |
-0.9 |
-0.5 |
-0.3 |
Lithuania |
0.4 |
1.2 |
1.0 |
0.4 |
1.6 |
2.6 |
3.9 |
3.0 |
Luxembourg |
0.5 |
-1.2 |
1.3 |
-1.0 |
1.5 |
-0.1 |
1.9 |
-0.4 |
Hungary |
-0.2 |
-0.7 |
0.6 |
-0.2 |
1.2 |
-0.8 |
0.1 |
-0.4 |
Malta |
0.7 |
0.0 |
0.2 |
2.1 |
7.8 |
5.0 |
3.2 |
2.9 |
Netherlands** |
1.0 |
0.8 |
0.3 |
0.1 |
0.8 |
1.7 |
1.9 |
2.0 |
Austria |
-0.3 |
-0.1 |
0.0 |
0.1 |
-1.6 |
-0.9 |
-0.4 |
-0.4 |
Poland |
1.5 |
0.1 |
1.4 |
0.7 |
3.9 |
2.1 |
3.9 |
3.7 |
Portugal |
0.4 |
0.4 |
1.4 |
-0.5 |
1.5 |
2.0 |
2.8 |
1.6 |
Romania |
0.3 |
-0.2 |
0.5 |
0.0 |
0.9 |
0.1 |
0.4 |
0.6 |
Slovenia |
-0.5 |
0.2 |
0.3 |
-0.8 |
1.0 |
1.3 |
1.0 |
-0.8 |
Slovakia |
0.2 |
0.3 |
0.4 |
0.2 |
2.1 |
1.6 |
1.5 |
1.0 |
Finland** |
0.2 |
0.4 |
0.2 |
0.0 |
-1.1 |
1.1 |
1.0 |
0.8 |
Sweden** |
0.0 |
0.6 |
0.5 |
-0.2 |
0.6 |
1.0 |
2.4 |
0.9 |
Iceland |
1.1 |
-0.4 |
-1.4 |
2.7 |
-1.5 |
0.9 |
-1.2 |
2.0 |
Norway |
1.9 |
-1.6 |
-0.9 |
-0.1 |
4.1 |
3.3 |
-0.2 |
-0.7 |
Switzerland |
0.6 |
0.5 |
0.3 |
0.5 |
1.4 |
1.7 |
1.7 |
1.9 |
United States |
0.7 |
0.8 |
0.6 |
-0.1 |
3.0 |
2.7 |
2.5 |
2.1 |
* Growth rates to the previous quarter and to the same quarter of the previous year presented in this table are both based on seasonally and calendar adjusted figures, except where indicated. Unadjusted data are not available for all Member States which are included in GDP flash estimates. ** Percentage change compared with the same quarter of the previous year calculated from calendar adjusted data. Source datasets: namq_10_gdp and naidq_10_gdp (for United States data)
|
||||||||
Growth rates of employment in persons* |
||||||||
|---|---|---|---|---|---|---|---|---|
Percentage change compared with the previous quarter |
Percentage change compared with the same quarter of the previous year |
|||||||
2024Q2 |
2024Q3 |
2024Q4 |
2025Q1 |
2024Q2 |
2024Q3 |
2024Q4 |
2025Q1 |
|
Euro area |
0.1 |
0.2 |
0.1 |
0.2 |
1.0 |
1.0 |
0.8 |
0.7 |
EU |
0.1 |
0.1 |
0.2 |
0.0 |
0.9 |
0.8 |
0.6 |
0.4 |
Belgium |
0.0 |
0.1 |
0.2 |
0.3 |
0.2 |
0.2 |
0.4 |
0.6 |
Bulgaria |
0.5 |
0.2 |
0.3 |
0.4 |
1.7 |
0.9 |
1.0 |
1.4 |
Czechia |
0.5 |
0.0 |
-0.1 |
0.7 |
0.2 |
0.4 |
0.3 |
1.1 |
Denmark |
0.1 |
0.1 |
0.4 |
0.5 |
0.9 |
0.7 |
1.0 |
1.2 |
Germany |
0.0 |
-0.1 |
0.0 |
0.0 |
0.2 |
0.1 |
0.0 |
-0.1 |
Estonia |
0.8 |
-1.1 |
0.0 |
-0.8 |
1.2 |
0.7 |
0.2 |
-1.1 |
Ireland |
1.5 |
0.8 |
0.3 |
0.7 |
2.7 |
3.6 |
2.5 |
3.3 |
Greece |
0.0 |
0.0 |
0.4 |
0.7 |
1.0 |
1.1 |
1.4 |
0.9 |
Spain |
0.0 |
0.7 |
1.0 |
0.8 |
1.8 |
1.9 |
2.3 |
2.7 |
France |
0.2 |
0.1 |
-0.1 |
-0.3 |
0.9 |
0.7 |
0.4 |
-0.1 |
Croatia |
1.1 |
1.0 |
-0.3 |
1.0 |
6.5 |
6.9 |
4.2 |
2.9 |
Italy |
0.2 |
0.7 |
-0.1 |
0.7 |
1.7 |
2.3 |
1.0 |
1.5 |
Cyprus |
0.3 |
0.6 |
0.1 |
0.4 |
2.1 |
2.2 |
1.7 |
1.5 |
Latvia |
-0.1 |
-0.6 |
-0.3 |
-0.5 |
-0.7 |
-1.2 |
-1.0 |
-1.6 |
Lithuania |
1.4 |
0.6 |
0.4 |
-0.6 |
1.9 |
0.8 |
1.7 |
0.8 |
Luxembourg |
0.2 |
0.3 |
0.3 |
0.2 |
1.1 |
1.1 |
1.1 |
1.0 |
Hungary |
0.1 |
0.0 |
0.2 |
0.0 |
0.1 |
0.1 |
0.3 |
0.3 |
Malta |
0.7 |
1.4 |
0.8 |
0.6 |
5.7 |
5.3 |
4.3 |
3.5 |
Netherlands |
0.1 |
0.1 |
0.3 |
-0.1 |
1.1 |
0.9 |
0.8 |
0.5 |
Austria |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
Poland |
-0.2 |
0.0 |
0.0 |
-0.6 |
-0.6 |
-0.3 |
-0.8 |
-1.0 |
Portugal |
0.2 |
0.5 |
0.5 |
0.3 |
1.4 |
1.7 |
1.7 |
1.4 |
Romania |
-0.9 |
-3.3 |
1.8 |
-2.1 |
3.7 |
-0.2 |
0.0 |
-4.4 |
Slovenia |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
0.3 |
0.0 |
-0.3 |
-0.5 |
Slovakia |
0.0 |
0.0 |
-0.1 |
-0.2 |
-0.3 |
-0.1 |
-0.2 |
-0.2 |
Finland |
-0.3 |
0.2 |
-0.4 |
-0.2 |
-1.3 |
-0.1 |
-0.8 |
-0.9 |
Sweden |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.4 |
-0.6 |
-0.5 |
Iceland |
0.3 |
0.4 |
0.4 |
: |
2.1 |
1.9 |
2.0 |
: |
Norway |
0.0 |
0.1 |
0.1 |
0.4 |
0.5 |
0.5 |
0.4 |
0.6 |
Switzerland |
0.1 |
0.0 |
0.3 |
0.3 |
0.5 |
0.7 |
0.6 |
0.7 |
: Data not available * Percentage change in the number of persons employed in resident production units compared with the previous quarter based on seasonally adjusted data. Percentage change compared with the same quarter of the previous year based on non-seasonally adjusted data. See predefined tables: tec00108 (quarterly change), teina305 (annual change), tec00109 (levels) Source dataset: namq_10_a10_e (including breakdowns by industry)
|
||||||||
Growth rates of employment in hours worked* |
||||||||
|---|---|---|---|---|---|---|---|---|
Percentage change compared with the previous quarter |
Percentage change compared with the same quarter of the previous year |
|||||||
2024Q2 |
2024Q3 |
2024Q4 |
2025Q1 |
2024Q2 |
2024Q3 |
2024Q4 |
2025Q1 |
|
Euro area |
0.1 |
0.1 |
0.5 |
-0.3 |
1.5 |
1.0 |
1.6 |
0.1 |
EU |
0.0 |
-0.1 |
0.4 |
-0.3 |
1.2 |
0.7 |
1.0 |
-0.2 |
Belgium |
0.0 |
0.1 |
0.1 |
: |
0.4 |
0.0 |
0.2 |
: |
Bulgaria |
-0.1 |
-0.1 |
0.0 |
0.1 |
-0.4 |
-0.7 |
-0.7 |
0.1 |
Czechia |
0.4 |
1.4 |
0.0 |
0.1 |
-0.3 |
3.3 |
0.8 |
1.9 |
Denmark |
-0.5 |
0.1 |
0.4 |
0.4 |
0.6 |
0.2 |
0.6 |
0.8 |
Germany |
0.2 |
0.2 |
0.4 |
-0.4 |
-0.2 |
0.2 |
0.6 |
0.2 |
Estonia |
0.3 |
-1.1 |
-0.6 |
-1.5 |
3.1 |
2.3 |
0.0 |
-1.7 |
Ireland |
0.3 |
1.9 |
-0.1 |
-1.2 |
2.2 |
2.6 |
3.7 |
1.3 |
Greece |
-0.7 |
-1.4 |
0.9 |
-1.2 |
1.6 |
2.0 |
0.9 |
-2.7 |
Spain |
0.7 |
0.2 |
1.6 |
-0.5 |
3.4 |
0.8 |
3.5 |
2.8 |
France |
0.1 |
0.1 |
-0.2 |
-0.4 |
1.3 |
1.0 |
0.8 |
-0.9 |
Croatia |
1.6 |
0.0 |
0.2 |
1.1 |
7.9 |
4.4 |
3.0 |
2.3 |
Italy |
-0.4 |
0.3 |
0.3 |
1.0 |
2.5 |
2.1 |
1.7 |
0.1 |
Cyprus |
-0.3 |
1.3 |
0.5 |
0.4 |
2.3 |
2.6 |
1.7 |
1.9 |
Latvia |
-0.3 |
-1.6 |
1.9 |
-5.7 |
0.5 |
-0.5 |
-0.6 |
-5.8 |
Lithuania |
0.8 |
0.6 |
2.0 |
-1.3 |
1.5 |
2.2 |
4.7 |
1.5 |
Luxembourg |
-0.8 |
1.2 |
0.6 |
0.3 |
1.8 |
1.6 |
2.3 |
0.2 |
Hungary |
0.2 |
-0.3 |
0.5 |
-0.4 |
1.4 |
-0.2 |
1.9 |
1.3 |
Malta |
2.4 |
4.0 |
-0.7 |
-2.0 |
1.5 |
8.6 |
6.1 |
3.5 |
Netherlands |
0.2 |
-0.1 |
0.0 |
-0.5 |
2.1 |
1.2 |
1.6 |
-1.4 |
Austria |
-0.2 |
-1.5 |
2.8 |
-1.1 |
-1.2 |
-3.2 |
2.4 |
-0.1 |
Poland |
-0.4 |
-0.5 |
-0.6 |
-0.3 |
-1.5 |
-1.5 |
-2.4 |
-1.8 |
Portugal |
0.3 |
-0.3 |
1.9 |
-0.4 |
-0.1 |
0.2 |
4.0 |
1.2 |
Romania |
-0.9 |
-3.3 |
1.7 |
-1.9 |
4.0 |
-0.1 |
0.1 |
-4.3 |
Slovenia |
-0.2 |
0.2 |
-0.4 |
-0.3 |
0.5 |
4.3 |
1.0 |
-1.8 |
Slovakia |
-0.8 |
0.3 |
0.4 |
-0.9 |
-0.1 |
1.5 |
0.5 |
-1.3 |
Finland |
-1.1 |
-0.2 |
-0.1 |
-1.2 |
1.0 |
1.7 |
1.0 |
-2.8 |
Sweden |
-0.5 |
-0.4 |
0.5 |
-0.2 |
1.3 |
0.6 |
-1.5 |
-1.8 |
Iceland |
5.2 |
-2.9 |
0.8 |
: |
3.4 |
0.1 |
1.3 |
: |
Norway |
-0.3 |
0.1 |
0.0 |
0.4 |
4.8 |
1.1 |
-0.5 |
2.3 |
: Data not available * Percentage change in the number of hours worked in resident production units compared with the previous quarter based on seasonally adjusted data. Percentage change compared with the same quarter of the previous year based on non-seasonally adjusted data. Source dataset: namq_10_a10_e (including breakdowns by industry)
|
||||||||
Overview on the evolution of main expenditure components
GDP and expenditure components seasonally adjusted |
|||||
|---|---|---|---|---|---|
Percentage change compared with the previous quarter |
Percentage change compared with the same quarter of the previous year |
||||
Euro area |
EU |
Euro area |
EU |
||
GDP |
2024 Q2 |
0.2 |
0.3 |
0.6 |
0.8 |
2024 Q3 |
0.4 |
0.4 |
0.9 |
1.0 |
|
2024 Q4 |
0.3 |
0.4 |
1.2 |
1.4 |
|
2025 Q1 |
0.6 |
0.6 |
1.5 |
1.6 |
|
Household & NPISH final consumption expenditure |
2024 Q2 |
0.1 |
0.2 |
0.6 |
1.0 |
2024 Q3 |
0.5 |
0.5 |
1.1 |
1.3 |
|
2024 Q4 |
0.5 |
0.6 |
1.6 |
1.8 |
|
2025 Q1 |
0.2 |
0.2 |
1.3 |
1.5 |
|
Government final consumption expenditure |
2024 Q2 |
0.9 |
0.9 |
2.6 |
2.6 |
2024 Q3 |
0.7 |
0.7 |
2.8 |
2.8 |
|
2024 Q4 |
0.4 |
0.5 |
2.4 |
2.6 |
|
2025 Q1 |
0.0 |
-0.1 |
2.1 |
2.1 |
|
Gross Fixed Capital Formation |
2024 Q2 |
-2.4 |
-2.1 |
-3.0 |
-2.9 |
2024 Q3 |
1.8 |
1.6 |
-1.4 |
-1.6 |
|
2024 Q4 |
0.7 |
0.6 |
-1.8 |
-2.0 |
|
2025 Q1 |
1.8 |
1.8 |
1.9 |
1.7 |
|
Exports |
2024 Q2 |
2.1 |
1.9 |
2.1 |
2.3 |
2024 Q3 |
-1.6 |
-1.2 |
1.5 |
1.5 |
|
2024 Q4 |
0.0 |
0.1 |
1.2 |
1.2 |
|
2025 Q1 |
1.9 |
1.6 |
2.3 |
2.3 |
|
Imports |
2024 Q2 |
1.6 |
1.5 |
-0.4 |
0.2 |
2024 Q3 |
0.5 |
0.5 |
1.7 |
1.8 |
|
2024 Q4 |
-0.1 |
-0.1 |
1.3 |
1.6 |
|
2025 Q1 |
1.4 |
1.4 |
3.3 |
3.4 |
|
|
|||||
Contribution of expenditure components to change of GDP seasonally adjusted, chain-linked volumes |
|||||
|---|---|---|---|---|---|
Contribution in percentage points to GDP change compared with the previous quarter |
Contribution in percentage points to GDP change compared with the same quarter of the previous year |
||||
Euro area |
EU |
Euro area |
EU |
||
Household & NPISH final consumption expenditure |
2024 Q2 |
0.1 |
0.1 |
0.3 |
0.5 |
2024 Q3 |
0.3 |
0.3 |
0.6 |
0.7 |
|
2024 Q4 |
0.2 |
0.3 |
0.8 |
0.9 |
|
2025 Q1 |
0.1 |
0.1 |
0.7 |
0.8 |
|
Government final consumption expenditure |
2024 Q2 |
0.2 |
0.2 |
0.6 |
0.6 |
2024 Q3 |
0.2 |
0.2 |
0.6 |
0.6 |
|
2024 Q4 |
0.1 |
0.1 |
0.5 |
0.6 |
|
2025 Q1 |
0.0 |
0.0 |
0.4 |
0.5 |
|
Gross Fixed Capital Formation |
2024 Q2 |
-0.5 |
-0.5 |
-0.7 |
-0.6 |
2024 Q3 |
0.4 |
0.3 |
-0.3 |
-0.4 |
|
2024 Q4 |
0.2 |
0.1 |
-0.4 |
-0.4 |
|
2025 Q1 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Changes in Inventories* |
2024 Q2 |
0.2 |
0.2 |
-0.9 |
-0.8 |
2024 Q3 |
0.6 |
0.5 |
0.1 |
0.3 |
|
2024 Q4 |
-0.3 |
-0.2 |
0.3 |
0.5 |
|
2025 Q1 |
-0.1 |
-0.1 |
0.3 |
0.4 |
|
Exports |
2024 Q2 |
1.0 |
1.0 |
1.1 |
1.2 |
2024 Q3 |
-0.8 |
-0.7 |
0.8 |
0.8 |
|
2024 Q4 |
0.0 |
0.0 |
0.6 |
0.6 |
|
2025 Q1 |
0.9 |
0.8 |
1.2 |
1.2 |
|
Imports |
2024 Q2 |
-0.7 |
-0.7 |
0.2 |
-0.1 |
2024 Q3 |
-0.2 |
-0.2 |
-0.8 |
-0.9 |
|
2024 Q4 |
0.1 |
0.0 |
-0.6 |
-0.8 |
|
2025 Q1 |
-0.6 |
-0.6 |
-1.5 |
-1.6 |
|
|
|||||
GDP and expenditure components in the first quarter of 2025 |
||
|---|---|---|
Euro area |
EU |
|
GDP |
3 888 531.4 |
4 612 375.6 |
Household & NPISH final consumption expenditure |
2 050 024.5 |
2 434 426.3 |
Government final consumption expenditure |
838 397.9 |
996 089.9 |
Gross Fixed Capital Formation |
830 951.2 |
989 715.9 |
Changes in Inventories* |
1 968.0 |
3 617.9 |
Domestic Demand |
3 721 341.6 |
4 423 850.0 |
Exports |
1 932 458.1 |
2 337 670.2 |
Imports |
1 765 268.4 |
2 149 144.6 |
* Changes in inventories include acquisitions less disposals of valuables. Source dataset: namq_10_gdp
|
||
Notes for users
Revisions
The reliability of GDP and employment flash estimates was tested by dedicated working groups and revisions of subsequent estimates are continuously monitored. Further information can be found on Eurostat website.
With these estimates, euro area and EU employment and GDP figures for earlier quarters are revised.
Flash estimates of employment and GDP growth were published in News Release issued on 15 May 2025. They were based on a more limited data set than the one used for the present News Release and additionally, on preliminary estimates that have now been revised by some Member States. Revisions for the last quarter are highlighted in bold in the table below:
Growth rates Estimates |
To the previous quarter (Q/Q-1) |
To the previous year (Q/Q-4) |
||||||
|---|---|---|---|---|---|---|---|---|
Previous |
Current |
Previous |
Current |
|||||
Euro area |
EU |
Euro area |
EU |
Euro area |
EU |
Euro area |
EU |
|
GDP |
0.3 |
0.3 |
0.6 |
0.6 |
1.2 |
1.2 |
1.5 |
1.6 |
Employment |
0.3 |
0.2 |
0.2 |
0.0 |
0.8 |
0.6 |
0.7 |
0.4 |
All estimates presented in this release may be revised with the t+110 database update scheduled for 21 July 2025.
Release schedule
This news release presents estimates for euro area and EU GDP and employment aggregates based on national accounts transmission from all Member States due after t+2 months.
A further estimation is done at around t+110 days after some countries transmit updated estimates.
To increase the timeliness of key indicators, Eurostat also publishes flash estimates for GDP (after around 30 and 45 days) and employment (after around 45 days). The flash estimates are based on estimates provided by most EU Member States on a voluntary basis.
Methods and definitions
European quarterly national accounts are compiled in accordance with the European System of Accounts 2010 (ESA 2010). They include key policy indicators on GDP and employment.
Gross domestic product (GDP) at market prices measures the production activity of resident producer units. Growth rates are based on chain-linked volumes.
Employment covers employees and self-employed working in resident production units (domestic concept). Employment flash estimates are limited to total employment in persons, but regular estimates also cover hours worked and industry breakdowns.
Labour productivity is compiled as the ratio of economic output (GDP, chain-linked volumes with reference year 2010) to labour input (total employment measured in persons or hours worked, for all industries, according to the domestic concept).
The method used for compilation of European GDP and employment estimates is the same as for previous releases.
Geographical information
Euro area (EA20): Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
European Union (EU27): Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.
For more information
Get in touch
Further information on data
Thierry COURTEL (GDP)
E-mail: estat-gdp-query@ec.europa.eu
Jenny RUNESSON (Employment)