Quarterly Accounts. Q2/2025

Catalonia’s gross domestic product (GDP) recorded a year-over-year variation of 2.7% in the second quarter of 2025. In quarter-over-quarter terms, the variation was 0.6%.

The Quarterly Accounts estimates for the second quarter of 2025 include the short-term economic information available at the time of preparation. They decreased by one tenth of a percentage point in the year-over-year rate and experienced no change in the quarter-over-quarter rate compared with the GDP advance for the second quarter published on 31 July 2025.

On the demand side, domestic demand was the component that contributed the most to GDP growth, with a year-over-year variation of 3.7%. The components of domestic demand showing the highest increases were gross capital formation (5.9%) and household consumer expenditure (3.5%), while final consumption expenditure by government grew by 2.2%.

As for the foreign sector, total exports showed a year-over-year variation of 2.0% due to the growth in exports of goods and services (2.2%) and non-residents’ consumption (1.1%). Imports recorded a year-over-year rate of 3.5% resulting from the evolution of imports of goods and services (3.0%) and consumption by inhabitants residing abroad (11.2%).

On the supply side, all sectors experienced growth. Services were up by 3.1%, construction by 2.3%, industry by 1.2% and agriculture by 4.4%.

The Quarterly Accounts are consistent with the corresponding Annual Economic Accounts for Catalonia. Quarterly series should be considered provisional, as the necessary coherence between annual and quarterly estimates requires quarterly estimates to be modified, at least as long as the annual estimates are provisional.