The economic growth of the EU and the eurozone is slightly slowing in the second quarter, in Bulgaria it is 3.1% year-on-year

The gross domestic product (GDP) of the European Union, seasonally adjusted, increased by 0.2 percent on a quarterly basis and by 1.5 percent year-on-year in the second quarter of 2025, according to data from the European statistical office Eurostat. In comparison, in the first quarter, the growth was 0.5 percent and 1.6 percent, respectively.

In the eurozone countries, GDP increased by 0.1 percent on a quarterly basis and by 1.4 percent year-on-year, following a growth of 0.6 percent and 1.4 percent in the previous quarter.

In comparison, the U.S. economy grew by 0.7 percent compared to the first three months of the year, when it reported a decline of 0.1 percent. Year-on-year, the U.S. GDP increased by 2 percent, maintaining its pace from the previous quarter.

Among the EU countries for which data is available, the highest annual growth was recorded in Ireland – 16.2 percent, while the weakest was in Austria – just 0.1 percent.

Bulgaria reported an annual GDP growth of 3.1 percent, as announced by the National Statistical Institute (NSI), and 0.7 percent on a quarterly basis. 

The number of employed persons in both the EU and the eurozone increased by 0.1 percent on a quarterly basis and by 0.7 percent year-on-year. In the first quarter, employment in the EU remained unchanged, while in the eurozone it increased by 0.2 percent on a quarterly basis. Year-on-year, employment increased by 0.4 percent and 0.7 percent, respectively. (August 14, 2025)