According to the first estimate, in the second quarter of 2025, the unadjusted GDP volume was up 0.1% year-on-year, while the seasonally and working day adjusted volume climbed 0.2%. Compared to the previous quarter, GDP expanded by 0.4%. On average, the unadjusted GDP stagnated in the first half of 2025, while seasonally and calendar-adjusted GDP was down 0.1% over the same period.
On the production side, services were the main drivers of economic growth while industrial and agricultural production weighed on GDP growth. On the expenditure side, private consumption may have gathered some steam, while investments likely continued to contract, amid the negative growth contribution of net export.
For 2025 as a whole, Kopint-Tárki expects the GDP to expand at a very modest rate of 0.5%, since the prospect of a significant upturn in industry and exports is increasingly unlikely.
