According to ELSTAT, based on non-seasonally adjusted data, the Gross Domestic Product (GDP) in volume terms increased by 1.8% in the first quarter of 2025 compared to the first quarter of 2024.
It is noted that since seasonally adjusted figures are recalculated each time a new quarter is added to the time series, the impact of the seasonal adjustment process—especially during periods of significant fluctuations in underlying figures—is reflected in the notable revisions, particularly for the most recent quarters in the series.
The changes in the main macroeconomic aggregates in volume terms, seasonally adjusted, are as follows:
1. Quarterly Changes
- Total final consumption expenditure increased by 1.2% compared to the fourth quarter of 2024.
- Gross fixed capital formation decreased by 6.1% compared to the fourth quarter of 2024.
- Exports of goods and services decreased by 0.9% compared to the fourth quarter of 2024.
- Exports of goods decreased by 0.8%
- Exports of services decreased by 2.0%
- Imports of goods and services increased by 0.7% compared to the fourth quarter of 2024.
- Imports of goods decreased by 0.03%
- Imports of services increased by 2.0%
2. Annual Changes
Total final consumption expenditure increased by 1.6% compared to the first quarter of 2024.
- Gross fixed capital formation decreased by 3.2% compared to the first quarter of 2024.
- Exports of goods and services increased by 2.2% compared to the first quarter of 2024.
- Exports of goods increased by 1.7%
- Exports of services decreased by 0.2%
- Imports of goods and services increased by 2.4% compared to the first quarter of 2024.
- Imports of goods increased by 1.7%
- Imports of services increased by 3.8%
