Comparison of changes in volume of GDP in EU member states, Q2 2025 (expanded first estimate)

Released: 26 August 2025

The economic performance of the European Union increased by 1.5% – according to seasonally and calendar adjusted data – in the 2nd quarter of 2025 compared to the same period of the previous year. Eurostat published the data for 21 member states on 14 August 2025, the volume of GDP growing in all. The largest growth (of 16.2%) occurred in Ireland, where large multinational enterprises registered there sometimes cause outlying changes in GDP. Ireland was followed in the rankings by Cyprus and Bulgaria, with growths of 3.3% and 3.1%, respectively. The economic performance went up in all Visegrád countries, by 3.0% in Poland, by 2.4% in Czechia, by 0.6% 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. The largest contributor to the increase was services, while industry and agriculture slowed the economic performance.

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 countries (Ireland, Germany and Italy) out of the member states providing data.

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.