Gross Domestic Product (GDP), in volume, recorded a year-on-year growth rate of 1.9% in the second quarter of 2025, after increasing 1.7% in the previous quarter. The negative contribution of net external demand to the year-on-year rate of change of GDP was less pronounced, reflecting the more pronounced slowdown of imports of goods and services than of exports of goods and services. The positive contribution of domestic demand to the year on year growth rate of GDP decreased in the second quarter, as a result of the slowdown of investment.
Compared to the first quarter of 2025, GDP decreased by 0.6% in volume, after a 0.4% decrease in the previous quarter. The contribution of net external demand to the quarter-on-quarter rate of change of GDP was less negative, with exports of goods and services registering a growth, following the reduction observed in the previous quarter. The positive contribution of domestic demand also increased, driven by the growth of private consumption (in the previous quarter there was a reduction).
