Europe Radar · Quarterly close · Q2 2025
26 quarterly indicators with Q2 2025 data for most countries.
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Key points
- Real GDP, year-on-year change (quarterly): The EU-27 stands at 1.3% (0.0 pp on a year earlier). Spain, 2.5%, ranking 13 of 36. The highest value is Ireland (10.9%) and the lowest Norway (-0.8%).
- Employment rate (20–64): The EU-27 stands at 76.3% (+0.4 pp on a year earlier). Spain, 72.6%, ranking 27 of 34. The highest value is Iceland (87.7%) and the lowest Bosnia and Herzegovina (58.4%).
- Current account balance: The EU-27 stands at 1.6% (-0.9 pp on a year earlier). Spain, 3.8%, ranking 9 of 37. The highest value is Norway (13.7%) and the lowest Montenegro (-23.5%).
- Nominal GDP (quarterly): The EU-27 stands at 4,663,842 M€ (+4.1% on a year earlier). Spain, 423,891 M€. The highest value is Germany (1,108,890 M€) and the lowest Montenegro (2,030 M€).
- Real GDP, chain-linked volume (quarterly): The EU-27 stands at 3,838,623 M€ (+1.3% on a year earlier). Spain, 350,719 M€. The highest value is Germany (896,022 M€) and the lowest Montenegro (1,395 M€).
- Household consumption, real year-on-year change: The EU-27 stands at 1.8% (+0.5 pp on a year earlier). Spain, 3.1%, ranking 15 of 36. The highest value is Montenegro (9.9%) and the lowest Finland (-1.5%).
- Government consumption, real year-on-year change: The EU-27 stands at 1.4% (-1.4 pp on a year earlier). Spain, 2.2%, ranking 17 of 36. The highest value is Albania (18.4%) and the lowest Finland (-1.6%).
- Gross fixed capital formation, real year-on-year change: The EU-27 stands at 2.5% (+5.0 pp on a year earlier). Spain, 4.7%, ranking 13 of 35. The highest value is Ireland (140.7%) and the lowest Luxembourg (-8.8%).
All indicators
| Indicator | EU-27 | Euro area | Spain | Highest | Lowest | Countries |
|---|---|---|---|---|---|---|
| GDP and national accounts | ||||||
| Nominal GDP (quarterly) M€ | 4,663,842 M€ | 3,958,344 M€ | 423,891 M€ | Germany 1,108,890 M€ | Montenegro 2,030 M€ | 37 |
| Real GDP, year-on-year change (quarterly) % | 1.3% | 1.2% | 2.5% 13/36 | Ireland 10.9% | Norway -0.8% | 36 |
| Real GDP, chain-linked volume (quarterly) M€ (2020) | 3,838,623 M€ | 3,302,866 M€ | 350,719 M€ | Germany 896,022 M€ | Montenegro 1,395 M€ | 37 |
| Household consumption, real year-on-year change % | 1.8% | 1.6% | 3.1% 15/36 | Montenegro 9.9% | Finland -1.5% | 36 |
| Government consumption, real year-on-year change % | 1.4% | 1.3% | 2.2% 17/36 | Albania 18.4% | Finland -1.6% | 36 |
| Gross fixed capital formation, real year-on-year change % | 2.5% | 3.1% | 4.7% 13/35 | Ireland 140.7% | Luxembourg -8.8% | 35 |
| Exports, real year-on-year change % | 0.7% | 0.2% | 2.7% 13/36 | North Macedonia 8.5% | Luxembourg -8.0% | 36 |
| Imports, real year-on-year change % | 2.9% | 2.6% | 4.9% 12/36 | Iceland 14.2% | Luxembourg -9.2% | 36 |
| Prices | ||||||
| House prices index 2015 = 100 | 160.9 | 153.8 | 178.9 15/28 | Hungary 353.6 | Finland 100.2 | 28 |
| House prices, annual rate of change % | 5.4% | 5.3% | 12.8% 4/29 | Portugal 17.2% | Finland -1.6% | 29 |
| House sales, annual rate of change % | — | — | 2.5% 17/19 | Luxembourg 87.0% | Malta -2.3% | 19 |
| Sales of newly built dwellings, annual rate of change % | — | — | -0.9% 11/15 | Luxembourg 127.6% | Finland -25.0% | 15 |
| Sales of existing dwellings, annual rate of change % | — | — | 2.8% 14/17 | Luxembourg 82.7% | Ireland -0.8% | 17 |
| Government | ||||||
| Government debt (quarterly) % of GDP | 81.8% | 87.8% | 103.4% 24/28 | Greece 152.0% | Estonia 23.2% | 28 |
| Net issuance of government debt securities % of GDP | — | 4.5% | 4.3% 10/27 | Finland 14.4% | Luxembourg -4.2% | 27 |
| Government deficit (−) or surplus (+) (quarterly) % of GDP | -2.6% | -2.8% | -6.6% 29/30 | Norway 13.0% | Poland -8.2% | 30 |
| Business and activity | ||||||
| Residential building permits (useful floor area) index 2021 = 100 | 71.4 | 72.4 | 106.1 11/35 | Malta 156.8 | Albania 27.0 | 35 |
| Labour market and productivity | ||||||
| Employment rate (20–64) % of population | 76.3% | 75.8% | 72.6% 27/34 | Iceland 87.7% | Bosnia and Herzegovina 58.4% | 34 |
| Employed persons (15–74) thousand persons | 208,066 | 164,924 | 22,253 | Germany 42,089 | Iceland 230 | 34 |
| Labour costs (B–S) index 2020 = 100 | — | — | 115.6 25/27 | Serbia 189.2 | Italy 109.5 | 27 |
| Job vacancy rate (B–S) % | 2.1% | 2.2% | 0.9% 28/31 | Netherlands 4.2% | Romania 0.6% | 31 |
| External sector and financing | ||||||
| Current account balance % of GDP | 1.6% | 1.3% | 3.8% 9/37 | Norway 13.7% | Montenegro -23.5% | 37 |
| Goods balance % of GDP | 1.7% | 2.0% | -2.3% 18/37 | Ireland 32.7% | Montenegro -49.7% | 37 |
| Services balance % of GDP | 1.1% | 1.2% | 7.2% 13/37 | Malta 34.7% | Belgium -2.5% | 37 |
| Net international investment position % of GDP | — | 8.5% | -43.2% 28/37 | Norway 351.5% | Greece -141.2% | 37 |
| Net direct investment % of GDP | 0.7% | 0.7% | 0.4% 14/37 | Luxembourg 109.7% | Cyprus -22.3% | 37 |
Previous reports
Q2 2026 · Q1 2026 · Q4 2025 · Q3 2025 · Q1 2025 · Q4 2024 · Q3 2024