Comparison of changes in volume of GDP in EU member states, Q3 2025 (second estimate)
Released: 10 December 2025
The economic performance of the European Union increased by 1.6% – according to seasonally and calendar adjusted data – in the 3rd quarter of 2025 compared to the same period of the previous year. According to data published by Eurostat on 5 December 2025, the volume of GDP grew in all member states except Finland. The largest growth (of 11%) occurred in Ireland, where large multinational enterprises registered there sometimes cause outlying changes in GDP. Ireland was followed in the rankings by Denmark and Poland, with growths of 3.9% and 3.8%, respectively. Among Visegrád countries other than Poland, the volume of GDP was up by 2.8% in Czechia, by 0.8% in Slovakia and by 0.6% in Hungary.
The performance of Hungary’s economy was up by 0.6% according to both raw and seasonally and calendar adjusted data compared to the corresponding period of the previous year. The value added of construction was 2.6% higher than in the corresponding period of the previous year. Industry reduced its performance by 1.7%, within which manufacturing by 0.8%. Among manufacturing branches, the largest contributor to the narrowing in the performance was the manufacture of motor vehicles, trailers and semi-trailers. The value added of agriculture was 6.2% lower compared to the corresponding period of the previous year. The gross value added of services rose by 1.5% in total. Within this, the highest increase (3.8%) occurred in financial and insurance activities.
Compared to the previous quarter, the volume of the EU’s GDP was up by 0.4% and that of Hungary’s was unchanged. In this respect, there was a decrease in three countries (Ireland, Finland and Romania) out of the member states providing data.
The Ministry for National Economy counts on a 0.5–1.0% economic increase for 2025. In its forecast published in November 2025, the European Commission predicted a GDP growth of 0.4% for Hungary and of 1.4% for the European Union as a whole.
Table 1
Change in volume of gross domestic product in EU member states, Q3 2025*
Denomination
compared to previous quarter, %
compared to same quarter of previous year, %
EU average
0.4
1.6
Euro area
0.3
1.4
Belgium
0.3
1.0
Bulgaria
0.7
3.2
Czechia
0.8
2.8
Denmark
2.3
3.9
Germany
0.0
0.3
Estonia
0.4
0.9
Ireland
−0.3
10.9
Greece
0.6
2.0
Spain
0.6
2.8
France
0.5
0.9
Croatia
0.3
2.6
Italy
0.1
0.6
Cyprus
0.9
3.6
Latvia
0.6
1.8
Lithuania
0.0
2.1
Luxembourg
1.1
2.7
Hungary
0.0
0.6
Malta
0.6
2.7
Netherlands
0.4
1.6
Austria
0.4
1.0
Poland
0.9
3.8
Portugal
0.8
2.4
Romania
−0.2
1.4
Slovenia
0.8
1.6
Slovakia
0.3
0.8
Finland
−0.3
−0.6
Sweden
1.1
2.6
* Seasonally and calendar adjusted data. For the Netherlands, Finland and Sweden, the figures compared with the same quarter of the previous year are calendar adjusted only.
Source: Euro indicators – GDP, third quarter of 2025 Download date: 5 December 2025.
Figure 1
Figure 2
Released: 10 December 2025
The economic performance of the European Union increased by 1.6% – according to seasonally and calendar adjusted data – in the 3rd quarter of 2025 compared to the same period of the previous year. According to data published by Eurostat on 5 December 2025, the volume of GDP grew in all member states except Finland. The largest growth (of 11%) occurred in Ireland, where large multinational enterprises registered there sometimes cause outlying changes in GDP. Ireland was followed in the rankings by Denmark and Poland, with growths of 3.9% and 3.8%, respectively. Among Visegrád countries other than Poland, the volume of GDP was up by 2.8% in Czechia, by 0.8% in Slovakia and by 0.6% in Hungary.
The performance of Hungary’s economy was up by 0.6% according to both raw and seasonally and calendar adjusted data compared to the corresponding period of the previous year. The value added of construction was 2.6% higher than in the corresponding period of the previous year. Industry reduced its performance by 1.7%, within which manufacturing by 0.8%. Among manufacturing branches, the largest contributor to the narrowing in the performance was the manufacture of motor vehicles, trailers and semi-trailers. The value added of agriculture was 6.2% lower compared to the corresponding period of the previous year. The gross value added of services rose by 1.5% in total. Within this, the highest increase (3.8%) occurred in financial and insurance activities.
Compared to the previous quarter, the volume of the EU’s GDP was up by 0.4% and that of Hungary’s was unchanged. In this respect, there was a decrease in three countries (Ireland, Finland and Romania) out of the member states providing data.
The Ministry for National Economy counts on a 0.5–1.0% economic increase for 2025. In its forecast published in November 2025, the European Commission predicted a GDP growth of 0.4% for Hungary and of 1.4% for the European Union as a whole.
Change in volume of gross domestic product in EU member states, Q3 2025*
| Denomination | compared to previous quarter, % | compared to same quarter of previous year, % |
|---|---|---|
| EU average | 0.4 | 1.6 |
| Euro area | 0.3 | 1.4 |
| Belgium | 0.3 | 1.0 |
| Bulgaria | 0.7 | 3.2 |
| Czechia | 0.8 | 2.8 |
| Denmark | 2.3 | 3.9 |
| Germany | 0.0 | 0.3 |
| Estonia | 0.4 | 0.9 |
| Ireland | −0.3 | 10.9 |
| Greece | 0.6 | 2.0 |
| Spain | 0.6 | 2.8 |
| France | 0.5 | 0.9 |
| Croatia | 0.3 | 2.6 |
| Italy | 0.1 | 0.6 |
| Cyprus | 0.9 | 3.6 |
| Latvia | 0.6 | 1.8 |
| Lithuania | 0.0 | 2.1 |
| Luxembourg | 1.1 | 2.7 |
| Hungary | 0.0 | 0.6 |
| Malta | 0.6 | 2.7 |
| Netherlands | 0.4 | 1.6 |
| Austria | 0.4 | 1.0 |
| Poland | 0.9 | 3.8 |
| Portugal | 0.8 | 2.4 |
| Romania | −0.2 | 1.4 |
| Slovenia | 0.8 | 1.6 |
| Slovakia | 0.3 | 0.8 |
| Finland | −0.3 | −0.6 |
| Sweden | 1.1 | 2.6 |
Source: Euro indicators – GDP, third quarter of 2025 Download date: 5 December 2025.