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Economic Trends
Gross Domestic Product: Quarterly Evolution
Economic growth rises to 3.9% in Q2 2025
Economic growth reached 3.9% in the second quarter of 2025, up from 3.7% in the same period of 2024. This 0.2 percentage-point increase reflects a sustained improvement in economic activity, supported by a more favorable environment and an overall strengthening in sectoral performance.
In real terms, growth was mainly driven by industry (+6.4%), trade (+6.7%), agriculture (+4.5%), and the electricity and gas sector (+9.7%). In addition, non-hydrocarbon GDP growth stood at 5.3% in Q2 2025, compared with 4.4% in Q2 2024, highlighting the positive impact of ongoing efforts to diversify the economy and reduce reliance on hydrocarbons.
Inflation
The Consumer Price Index (CPI) is calculated on a monthly basis (base 100: 2001). It includes 261 items represented by 791 varieties, selected according to criteria such as annual expenditure, purchase frequency, and utility.
More details →Average Monthly Crude Oil Price (USD/barrel)
More details →Industrial Production Index
The Industrial Production Index is calculated on a quarterly basis (base 100: 1989). Its main objective is to measure changes in production volume. Data are derived from quarterly surveys conducted by the National Statistics Office (ONS), complemented and adjusted using other administrative sources.
More details →Unit Value Index
The Unit Value Index of foreign trade measures the average change in prices of exported and imported goods by relating values to corresponding quantities. It is published quarterly, semi-annually, and annually (base 100: 2019).
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