Based on the available seasonally adjusted data, Gross Domestic Product (GDP) in volume terms² increased by 0.2% in the first quarter of 2026 compared to the fourth quarter of 2025, while compared to the first quarter of 2025, it increased by 2.0%, according to an announcement by ELSTAT.
At the same time, the statistical authority announced that GDP growth was revised to 0.7% in the fourth quarter of 2025 on a quarterly basis and to 2.3% on an annual basis.
The changes in the main macroeconomic indicators for the first quarter, in volume terms and seasonally adjusted, are as follows:
1. Quarterly changes
- Total final consumption expenditure increased by 0.6% compared to the fourth quarter of 2025.
- Gross fixed capital formation decreased by 2.5% compared to the fourth quarter of 2025.
- Exports of goods and services increased by 0.3% compared to the fourth quarter of 2025. Exports of goods decreased by 1.6%, while exports of services increased by 1.2%.
- Imports of goods and services decreased by 0.6% compared to the fourth quarter of 2025. Imports of goods decreased by 1.9%, while imports of services increased by 4.2%.
2. Annual changes
- Total final consumption expenditure increased by 1.0% compared to the first quarter of 2025.
- Gross fixed capital formation increased by 12.1% compared to the first quarter of 2025.
- Exports of goods and services increased by 2.4% compared to the first quarter of 2025. Exports of goods increased by 2.8%, while exports of services increased by 3.1%.
- Imports of goods and services increased by 0.5% compared to the first quarter of 2025. Imports of goods decreased by 0.6%, and imports of services increased by 3.2%.
* See details in the “Supporting Material” column