Greek industry remained on a growth trajectory in 2025, outperforming the Eurozone average, although its growth slowed compared to a year earlier. The Industrial Production Index rose by 2.2%, compared with a 1.5% increase in the Eurozone, down from 5.5% in 2024. Cumulative growth for the 2020–2025 period reached 24.3%, compared with just 7.5% in eurozone countries, notes the IOBE in its latest bulletin on Greek industry.
This picture takes on particular significance as 2025 marked a return to positive growth for European industry after two consecutive years of decline. The number of Eurozone countries that recorded an increase in industrial production rose to 17 from seven in 2024; however, performance remained extremely uneven.
Ireland emerged as the Eurozone leader with a 17.7% increase, followed by Cyprus at 4.9%, Latvia at 4.0%, Croatia at 3.7%, and Malta at 3.4%. In this context, Greece, with a 2.2% increase, ranked seventh among Eurozone countries, outperforming both the Eurozone and European Union averages.
At the same time, several of the largest European economies continued to face difficulties. Industrial production fell by 0.9% in Germany, by 0.2% in Italy, and by 0.4% in Belgium, while even greater declines were recorded in Slovenia (-1.9%), Slovakia (-3.0%), and Bulgaria (-7.3%), which recorded the largest decline among the countries examined.
Greece’s positive performance was mainly driven by manufacturing, where output rose by 3.1%, as well as by mining and quarrying, which recorded an 8% increase. In contrast, electricity and water supply activities declined.
At the sector level, significant contributions came from basic metals, with a 4.9% increase in production; the food industry, with a 3.8% rise; and pharmaceutical products, with a 2.5% increase.
*See the IOBE bulletin on the right in the “Related Materials” column.