Gross Domestic Product (GDP) grew by 12.3% in 2025 (See Editor’s Note below).
Multinational-dominated sectors increased by 25.1% in 2025 with Domestic Sectors up 0.9%.
GDP fell by 3.8% in Quarter 4 (Q4) 2025, seasonally adjusted and compared with Q3 2025.
Modified Domestic Demand (MDD), a broad measure of underlying domestic activity that covers personal, government, and investment spending, grew by 1.0% in Q4 2025 and was up 4.9% in the year.
Personal spending on goods and services, a key measure of domestic economic activity, grew by 0.9% in Q4 2025 and was up 2.9% in the year.
The Balance of Payments Current Account recorded a surplus of €12.8 billion in transactions with the rest of the world in Q4 2025.
The updated estimated GDP figure for Q4 2025 is -3.8%. This compares with a Preliminary GDP Estimate for Q4 2025 of -0.6% published on 29 January 2026. Note that the updated GDP estimate for Q4 2025 of -3.8% is based on both Expenditure and Output data, while the Preliminary estimate was based predominantly on economic Output data. Preliminary estimates are published under the CSO Frontier Series which may use new compilation processes which are under development and/or new or more timely data sources and therefore the results may be subject to revision over time. Publishing outputs under the Preliminary Estimate allows the CSO to provide useful new information to users and receive informed feedback on these new methods and outputs whilst at the same time making sure that the limitations are well explained and understood. A list of our CSO Frontier Outputs is available.
| Kieran Culhane | (+353) 1 498 4364 |
|---|---|
| John Sheridan | (+353) 1 498 4258 |
| nat_acc@cso.ie | |
| internationalaccounts@cso.ie |
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Statistician's Comment
The Central Statistics Office (CSO) has today (05 March 2026) published Quarterly National Accounts and International Accounts results for Quarter 4 (Q4) 2025, following on from the Preliminary GDP Estimate Quarter 4 2025 issued on 29 January 2026 as a CSO Frontier Series output (See Editor’s Note below).
Summary Results
Assistant Director General with responsibility for National Accounts & Price Statistics, Chris Sibley, said: “The latest estimate of the Quarterly National Accounts indicates that Gross Domestic Product (GDP) grew by 12.3% in 2025.
Modified Domestic Demand (MDD), a broad measure of underlying domestic activity that covers personal, government, and investment spending, was up 4.9% in the year with personal spending on goods and services up 2.9%.
The globalised Industry sector expanded by 29.1% in 2025 while the Information & Communication sector posted an increase of 11.5% over the same period. Overall, the multinational-dominated sector grew by 25.1% in 2025. The strength of the globalised Industry sector is reflected in goods exports growth of growth of 23.5% in 2025, contributing to the full year GDP result.
Q4 2025 Results
In Q4 2025, GDP fell by 3.8% on Q3 2025 driven by the globalised sectors of the economy. However, there was continued growth in the domestic economy in the quarter. MDD and wages both grew by 1.0% in the quarter while personal spending increased by 0.9% over the same period.”
More detailed analysis of the results is available in the Quarterly National Accounts and International Accounts Quarter 4 2025 statistical releases.