Eurozone and EU GDP Growth Signals Economic Recovery
First quarter 2025 data shows GDP and employment growth across Europe, with Germany showing signs of recovery.
Brussels – In the first quarter of 2025, seasonally adjusted GDP increased by 0.3 percent in both the Eurozone and the European Union compared to the previous quarter, according to a flash estimate released by Eurostat, the statistical office of the European Union.
This data confirms a positive trend, following a GDP increase of 0.2 percent in the Eurozone and 0.4 percent in the EU during the fourth quarter of 2024. Germany, traditionally the economic engine of Europe, saw a reversal in its economic fortunes, recovering 0.2 percentage points of lost GDP from the previous quarter.
The medium-term outlook also reflects positive performance; compared year-on-year, seasonally adjusted GDP for the first quarter of 2025 rose by 1.2 percent in the Eurozone and 1.4 percent in the EU. In contrast, the U.S. economy reported a 2.0 percent increase in GDP during the same period.
However, the U.S. experienced a slight decline of 0.1 percent compared to the last quarter of 2024, marking the first quarter under President Donald Trump’s administration.
Italy's economy also matched the EU average with a GDP growth of 0.3 percent compared to the previous quarter.
Yet, year-on-year results showed Italy lagging, with an increase of only 0.6 percent, significantly below the EU average of 1.4 percent.
By comparison, France experienced a GDP growth of 0.8 percent, with Spain and Poland outperforming significantly at rates of 2.8 percent and 3.8 percent, respectively.
In addition to GDP growth, employment figures also improved, rising by 0.3 percent in the Eurozone and 0.2 percent in the EU compared to the previous quarter.
Year-on-year, employment increased by 0.8 percent in the Eurozone and 0.6 percent in the EU.
This data confirms a positive trend, following a GDP increase of 0.2 percent in the Eurozone and 0.4 percent in the EU during the fourth quarter of 2024. Germany, traditionally the economic engine of Europe, saw a reversal in its economic fortunes, recovering 0.2 percentage points of lost GDP from the previous quarter.
The medium-term outlook also reflects positive performance; compared year-on-year, seasonally adjusted GDP for the first quarter of 2025 rose by 1.2 percent in the Eurozone and 1.4 percent in the EU. In contrast, the U.S. economy reported a 2.0 percent increase in GDP during the same period.
However, the U.S. experienced a slight decline of 0.1 percent compared to the last quarter of 2024, marking the first quarter under President Donald Trump’s administration.
Italy's economy also matched the EU average with a GDP growth of 0.3 percent compared to the previous quarter.
Yet, year-on-year results showed Italy lagging, with an increase of only 0.6 percent, significantly below the EU average of 1.4 percent.
By comparison, France experienced a GDP growth of 0.8 percent, with Spain and Poland outperforming significantly at rates of 2.8 percent and 3.8 percent, respectively.
In addition to GDP growth, employment figures also improved, rising by 0.3 percent in the Eurozone and 0.2 percent in the EU compared to the previous quarter.
Year-on-year, employment increased by 0.8 percent in the Eurozone and 0.6 percent in the EU.
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