According to the second estimate, GDP grew by an unadjusted year-on-year rate of 0.8% and a seasonally and calendar-adjusted rate of 0.6% in the fourth quarter of 2025. Compared to the previous quarter, the GDP was up 0.2%. On an annual average, GDP climbed 0.4% in 2025.
Some improvement was observed in most components of domestic demand, leading to a respectable growth rate of 3.8% in final domestic use.
On the other hand, net export dragged down economic growth even more than in the third quarter, due to an uptick in the growth in imports of both goods and services.
On the production side, the contraction in weather-stricken agriculture moderated significantly, industrial output continued to decline, while construction activity picked up. Services growth, however, lost momentum, despite the slight uptick in consumption growth.
Due to the absence of conditions for more spectacular recovery, a GDP growth rate of 2% can be seen as a best-case scenario for 2026.
