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June 06, 2025EU AND EURO AREA GDP, Q1 2025 (REVISED) 
In the second GDP estimate for Q1 2025, the seasonally adjusted annualized growth rate for real GDP was 2.2% for the European Union and 2.5% for the Euro Area (a subset of 20 of the 27 nations of the European Union).
Among member states reporting results for Q1, quarter over quarter growth was fastest in Ireland, Malta and Cyprus. Luxemburg, Slovenia, Denmark and Portugal recorded the fastest decrease compared to the previous quarter.
The European Union economy was 1.6% larger compared to the first quarter of 2024. The Euro Area economy was 1.5% larger in Q1 2025 than in Q1 2024.
Growth for the European Union was attributable to rising household spending (+0.9%), investment (+7.4%) along with rising exports (+6.6%). These gains were partially offset by declining government spending (-0.2%), rising imports (+5.6%) and declining inventories.
Growth for the Euro Area was attributable to rising household spending (+0.8%), investment (+7.5%) along with rising exports (+7.6%). These gains were partially offset by declining government spending (-0.1%), rising imports (+5.8%) and the declining inventories.
Source: Eurostat database
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