In 2025, the actual Gross Value Added (GVA) for the European Union rose by 1.5%. This figure surpassed the 1.1% recorded in 2024, as reported by Eurostat. Consequently, what nations demonstrated the greatest real growth?
And what underlying factors contributed to the substantial shifts in expansion across Europe? The situation is complex, with one country standing out significantly. Ireland presented a notable exception, showcasing a remarkable growth of 12.3%.
Experts believe this is largely due to the presence of numerous large multinational corporations operating within the nation. “Ireland’s GVA growth is entirely disconnected from what is happening in Ireland itself,” explained Jacob Funk Kirkegaard, a senior fellow, to Euronews Business. “It is entirely driven by the billing practices of large multinational companies, primarily American and their subsidiaries in Ireland.”
This highlights a critical point: the expansion isn’t reflective of Ireland’s domestic economic performance, but rather a consequence of how these international firms structure their operations.
Understanding these dynamics is key to analyzing the overall growth trends observed throughout Europe.
Topics: #growth #real #what
In 2025, the true Gross Value Added (GVA) for the European Union increased by 1.5 percent. This figure exceeded the 1.1 percent observed in 2024, according to Eurostat’s data. Therefore, which countri