GDP expands by 3.46% in the second quarter/ Administration, trade and tourism stimulated economic growth
The economy in our country during the first two quarters of the year had a positive performance that was stimulated by the increase in income in its main sectors. The Gross Domestic Product (GDP), in real terms, in the second quarter of 2025 is estimated to have increased by 3.51%, compared to the second quarter of 2024. The largest contribution was made by public administration and trade, accommodation and food services. Meanwhile, agriculture, industry and information had a negative impact.
More specifically, “Public Administration, Education and Health” contributed with 1.65 percentage points, while “Trade, Transport, Accommodation and Food Services” with 0.47 percentage points. A high positive contribution was also made by “Real Estate Activities” with 0.37 percentage points, and “Construction” with 0.30 percentage points.
If we were to talk about the performance of the main activities of the economy, for the second quarter of 2025, compared to the second quarter of 2024, we see that "Public Administration, Education and Health" marked an increase of 15.11%, followed by the activity "Real Estate" with an increase of 7.86%.
The "Information and Communication" group marked an increase of 5.38%, the "Arts, entertainment and recreation and other service activities" group marked an increase of 5.07%, the "Professional and administrative activities" group marked an increase of 3.88%. The "Trade, Transport, Accommodation and Food Services" group marked an increase of 2.72%. On the other hand, the "Construction" activity marked an increase of 2.68% and the "Financial and Insurance Activities" group marked an increase of 1.96%. The "Agriculture, Forestry and Fishing" group marked a decrease of 2.49% and "Industry, Energy and Water" decreased by 1.79%.
Among other things, the seasonally adjusted Gross Domestic Product indicator in the second quarter of 2025, compared to the previous quarter, is estimated to have increased by 0.87%.
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