Europe Radar · Quarterly close · Q1 2025
26 quarterly indicators with Q1 2025 data for most countries.
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Key points
- Real GDP, year-on-year change (quarterly): The EU-27 stands at 1.4% (+0.8 pp on a year earlier). Spain, 2.5%, ranking 13 of 36. The highest value is Ireland (17.9%) and the lowest Sweden (-0.7%).
- Employment rate (20–64): The EU-27 stands at 75.7% (+0.5 pp on a year earlier). Spain, 71.3%, ranking 27 of 34. The highest value is Iceland (84.7%) and the lowest Türkiye (57.2%).
- Current account balance: The EU-27 stands at 1.6% (-0.9 pp on a year earlier). Spain, 2.6%, ranking 13 of 37. The highest value is Norway (18.9%) and the lowest Montenegro (-33.0%).
- Nominal GDP (quarterly): The EU-27 stands at 4,504,358 M€ (+4.0% on a year earlier). Spain, 397,762 M€. The highest value is Germany (1,116,180 M€) and the lowest Montenegro (1,574 M€).
- Real GDP, chain-linked volume (quarterly): The EU-27 stands at 3,748,920 M€ (+1.4% on a year earlier). Spain, 334,931 M€. The highest value is Germany (914,540 M€) and the lowest Montenegro (1,106 M€).
- Household consumption, real year-on-year change: The EU-27 stands at 1.5% (+0.1 pp on a year earlier). Spain, 3.0%, ranking 12 of 36. The highest value is Bulgaria (7.9%) and the lowest Finland (-1.7%).
- Government consumption, real year-on-year change: The EU-27 stands at 1.3% (-1.0 pp on a year earlier). Spain, 2.4%, ranking 14 of 36. The highest value is Albania (13.6%) and the lowest Latvia (-2.9%).
- Gross fixed capital formation, real year-on-year change: The EU-27 stands at 1.8% (+3.4 pp on a year earlier). Spain, 5.4%, ranking 9 of 35. The highest value is Ireland (63.0%) and the lowest Slovakia (-8.2%).
All indicators
| Indicator | EU-27 | Euro area | Spain | Highest | Lowest | Countries |
|---|---|---|---|---|---|---|
| GDP and national accounts | ||||||
| Nominal GDP (quarterly) M€ | 4,504,358 M€ | 3,854,251 M€ | 397,762 M€ | Germany 1,116,180 M€ | Montenegro 1,574 M€ | 37 |
| Real GDP, year-on-year change (quarterly) % | 1.4% | 1.4% | 2.5% 13/36 | Ireland 17.9% | Sweden -0.7% | 36 |
| Real GDP, chain-linked volume (quarterly) M€ (2020) | 3,748,920 M€ | 3,249,506 M€ | 334,931 M€ | Germany 914,540 M€ | Montenegro 1,106 M€ | 37 |
| Household consumption, real year-on-year change % | 1.5% | 1.4% | 3.0% 12/36 | Bulgaria 7.9% | Finland -1.7% | 36 |
| Government consumption, real year-on-year change % | 1.3% | 1.6% | 2.4% 14/36 | Albania 13.6% | Latvia -2.9% | 36 |
| Gross fixed capital formation, real year-on-year change % | 1.8% | 2.0% | 5.4% 9/35 | Ireland 63.0% | Slovakia -8.2% | 35 |
| Exports, real year-on-year change % | 2.5% | 2.5% | 4.4% 11/36 | Ireland 16.5% | Luxembourg -8.7% | 36 |
| Imports, real year-on-year change % | 3.8% | 3.8% | 7.7% 10/36 | Ireland 15.6% | Luxembourg -8.9% | 36 |
| Prices | ||||||
| House prices index 2015 = 100 | 158.4 | 151.3 | 172.0 15/28 | Hungary 346.1 | Finland 99.2 | 28 |
| House prices, annual rate of change % | 5.8% | 5.5% | 12.3% 5/29 | Portugal 16.3% | Finland -2.3% | 29 |
| House sales, annual rate of change % | — | — | 16.3% 11/19 | Lithuania 42.0% | Poland -14.6% | 19 |
| Sales of newly built dwellings, annual rate of change % | — | — | 8.5% 10/15 | Luxembourg 160.0% | Slovenia -27.9% | 15 |
| Sales of existing dwellings, annual rate of change % | — | — | 17.0% 9/17 | Lithuania 46.7% | Poland -13.7% | 17 |
| Government | ||||||
| Government debt (quarterly) % of GDP | 81.4% | 87.2% | 103.3% 24/28 | Greece 152.9% | Bulgaria 23.7% | 28 |
| Net issuance of government debt securities % of GDP | — | 5.6% | 12.1% 5/27 | Slovakia 14.6% | Ireland -3.6% | 27 |
| Government deficit (−) or surplus (+) (quarterly) % of GDP | -3.6% | -3.7% | -1.6% 15/30 | Norway 16.9% | Romania -11.6% | 30 |
| Business and activity | ||||||
| Residential building permits (useful floor area) index 2021 = 100 | 65.8 | 67.4 | 102.6 7/35 | Portugal 139.4 | Luxembourg 38.8 | 35 |
| Labour market and productivity | ||||||
| Employment rate (20–64) % of population | 75.7% | 75.2% | 71.3% 27/34 | Iceland 84.7% | Türkiye 57.2% | 34 |
| Employed persons (15–74) thousand persons | 206,157 | 163,378 | 21,746 | Germany 42,131 | Iceland 220 | 34 |
| Labour costs (B–S) index 2020 = 100 | — | — | 108.2 25/27 | Serbia 190.2 | Italy 100.2 | 27 |
| Job vacancy rate (B–S) % | 2.2% | 2.4% | 0.9% 28/31 | Netherlands 4.2% | Romania 0.6% | 31 |
| External sector and financing | ||||||
| Current account balance % of GDP | 1.6% | 1.3% | 2.6% 13/37 | Norway 18.9% | Montenegro -33.0% | 37 |
| Goods balance % of GDP | 2.2% | 2.7% | -3.2% 19/37 | Ireland 39.1% | Montenegro -48.5% | 37 |
| Services balance % of GDP | 0.3% | 0.3% | 5.8% 10/37 | Malta 34.3% | Finland -2.2% | 37 |
| Net international investment position % of GDP | — | 9.7% | -41.5% 28/37 | Norway 331.0% | Greece -139.7% | 37 |
| Net direct investment % of GDP | 2.1% | 2.3% | 1.8% 13/37 | Luxembourg 176.7% | Montenegro -7.8% | 37 |
Previous reports
Q2 2026 · Q1 2026 · Q4 2025 · Q3 2025 · Q2 2025 · Q4 2024 · Q3 2024