In the second quarter of 2026, the Gross Domestic Product (GDP) increased by 2.7% compared to the second quarter of the previous year and by 0.6% compared to the first quarter of 2026, according to the seasonally adjusted data.
Growth rates on an annual basis
In the second quarter of 2026, according to the seasonally adjusted data, GDP increased by 2.7% compared to the second quarter of the previous year. The Gross Value Added (GVA) increased by 2.2%.
Final consumption registered an increase of 7.6%, and gross fixed capital formation registered an increase of 8.0% in the second quarter of 2026 compared to the same quarter of the previous year at seasonally adjusted data. Exports of goods and services decreased by 2.8%, imports of goods and services increased by 6.9%, respectively.
Quarter on quarter growth rates
According to the seasonally adjusted data, GDP had a growth rate of 0.6% in the second quarter of 2026 compared to the previous quarter (Annex, Table 1). The increase of GVA in the second quarter of 2026 was 0.6%.
According to the flash estimate of GDP by final expenditure approach, the reason for the positive GDP growth at seasonally adjusted data in the second quarter of 2026, compared to the previous quarter, was the increase in gross fixed capital formation - by 1.8% and in final consumption - by 1.6%.
GDP in monetary terms, current prices
According to the flash GDP estimates for the second quarter of 2026, GDP at current prices was 29 678.8 million EUR (Annex, Table 2). The Gross Value Added in the second quarter of 2026 amounted to 25 722.3 million EUR.
In the structure of GDP by expenditure approach, the largest share, 81.9%, was for final consumption, which in nominal terms amounted to 24 309.6 million EUR. In the second quarter of 2026, the gross capital formation was 6 521.5 million EUR and had a share of 22.0% in GDP. The external balance (exports minus imports) was negative.
