GDP growth rate in real terms during the first quarter of 2025 is positive and it is estimated at 3,0% over the corresponding quarter of 2024. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,0%.
The positive GDP growth rate is mainly attributed to the sectors: “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Information and Communication”, “Construction” and “Hotels and Restaurants”.
In February 2025, the Industrial Turnover Index reached 130,4 units (base 2021=100), recording an increase of 4,3% compared to February 2024. For the period January – February 2025, the index recorded an increase of 5,6% compared to the corresponding period of the previous year.
ANNUAL NATIONAL ACCOUNTS: FIRST ESTIMATE FOR THE YEAR 2024
Growth Rate 3,4%
The growth rate of the economy in 2024 is positive and is estimated at 3,4% in real terms (volume measures). At current prices, the percentage change in Gross Domestic Product (GDP) amounts to 6,6%.
Regarding the production approach for the estimation of GDP in real terms, the positive growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Information and communication”, “Construction” and “Wholesale and retail trade; repair of motor vehicles and motorcycles”.
The HICP rose by 2,9% between January 2024 and January 2025, and decreased by 1,4% in the month between December 2024 and January 2025.
Compared to January 2024, the categories Recreation and Culture (7,5%), Food and Non-Alcoholic Beverages (5,3%) and Restaurants and Hotels (4,8%) showed the largest positive changes. (Table 1)
In comparison to December 2024, the largest changes were recorded in the categories Clothing and Footwear (-13,7%) and Food and Non-Alcoholic Beverages (-1,6%). (Table 1)
The largest changes in economic categories compared to January 2024 were observed in the categories of Food-Alcoholic Beverages-Tobacco (4,3%) and Services (4,2%), while compared to the previous month, the largest change was observed in the category of Non energy industrial goods (-4,0%). (Table 2)
