GDP in the Euro area increased by 0.1% and 0.2% in the EU comparted to the previous quarter according to the latest EuroStat figures. In the first quarter of 2025, GDP had increased by 0.6% in the Euro area and 0.5% in the EU.
The primary drivers of GDP growth were household expenditure followed by government expenditure (0.1% in the Euro area and 0.3% in the EU). Government expenditure followed with 0.5% in the Euro area and 0.7% in the EU. Gross fixed capital formation increased by 1.7% in the Euro area and 1.8% in the EU. Exports decreased by 0.5% in the euro area and by 0.2% in the EU. Imports remained the same in the Euro area and increased by 0.3% in the EU.
The highest GDP increase was recorded in Denmark with 1.3%, followed by Croatia and Romania with 1.2%nd Bulgaria with 0.9%. On the other hand some countries even had GDP contractions with Finland at -0.4%, Germany at -0.3% and Italy at -0.1%.
Malta came in the sixth place along with Greece, Estonia, Portugal and Luxembourg at 0.6%.
Malta’s GDP is also growing and it is also buoyed by government expenditure.
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