Your feedback can help us improve and enhance our services to the public. Tell us what matters to you in our online Customer Satisfaction Survey.
| Table 1.1 GDP and GNP Growth Rates | |||
| 2023 | 2024 | % change | |
| GDP at current prices | €524,729m | €562,794m | 7.3% |
| GDP at constant (2023) prices | €524,729m | €538,369m | 2.6% |
| GNP at current prices | €390,752m | €422,186m | 8.0% |
| GNP at constant (2023) prices | €390,752m | €403,662m | 3.3% |
Gross domestic product (GDP) increased by 2.6% in 2024 while gross national product (GNP) rose by 3.3%. These results are updated from the preliminary 2024 estimates published in March 2025 which showed GDP increasing by 1.2% while GNP rose by 0.4%.
| GDP % | GNP % | |
| 2016 | 1.22271657964976 | 5.70716071844923 |
| 2017 | 10.1088575955115 | 5.70120807399529 |
| 2018 | 7.6886595209536 | 4.36182021161143 |
| 2019 | 4.97288007686923 | 4.02568847272965 |
| 2020 | 7.15369508874677 | 3.91736390012889 |
| 2021 | 16.2581880753313 | 13.7417725871879 |
| 2022 | 7.5111388502182 | 1.26829461692366 |
| 2023 | -2.53637408801938 | 6.71366641611007 |
| 2024 | 2.59946727774216 | 3.30399004429424 |
Get the data: PxStat NA008
The estimates in this publication use more complete and up to date data than were available for the Q4 2024 estimates published in March 2025. These updates include stronger results for the Industry and Financial & Insurance Activities sectors which is partially offset by weaker results in the Information & Communication and Professional & Administrative Services sectors.
These results are compiled in accordance with the latest EU standard framework, ESA 2010. For more information on our main national accounts aggregates, including data per head of population and per person in employment, see Table 1.2 Main Aggregates.
| GDP | GNP | GNI | |
| 2016 | 322.9526052805 | 266.5859380703 | 267.7973215153 |
| 2017 | 355.5994242493 | 281.7845570957 | 283.0885645542 |
| 2018 | 382.9402532383 | 294.0754928603 | 295.0551164295 |
| 2019 | 401.9834127979 | 305.9140560775 | 306.8814505472 |
| 2020 | 430.7400804568 | 317.8978228757 | 318.864508839 |
| 2021 | 500.7706128533 | 361.5826187549 | 362.1332793977 |
| 2022 | 538.3841889058 | 366.1685516443 | 366.5217045904 |
| 2023 | 524.7287518444 | 390.7518867224 | 390.9956725665 |
| 2024 | 538.3689040455 | 403.6622901576 | 404.2876475549 |
Get the data: PxStat NA008
Figure 1.2 shows the levels of GDP, GNP and GNI for these internationally comparable measures. More details are available in Table 1.2, including current prices and constant prices as well as per head of population and per person in employment.
Our modified measures for domestic policy purposes are contained in chapter 2 - GNI* and De-Globalised Results. This includes GNI* and Modified Domestic Demand data.
| Agriculture, Forestry & Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels & Restaurants | Information & Communication | Financial & Insurance Activities | Real Estate Activities | Professional, Admin & Support Services | Public Admin, Education & Health | Arts, Entertainment & Other Services | |
| 2024 | 0.0567019241999997 | -0.847594713000028 | 0.1053916445 | 0.3767943074 | 6.2739710075 | 3.7268810907 | 1.6387541387 | 1.467501755 | 0.603505766499999 | -0.351884824199999 |
Get the data: PxStat NA006
Figure 1.3 shows the contributions of each activity to GDP from 2023 to 2024. The Industry (excluding Construction) and Arts & Entertainment sectors showed a decline in the year compared with 2023. However, this was more than offset by strong contributions in the Information & Communication, Financial & Insurance Activities, Real Estate and Professional & Administrative Services sectors. More details on activity breakdowns of the data are available in Chapters 3 to 7, covering GDP by Incomes and GDP by Producers.
| Personal Consumption of Goods and Services | Net Expenditure by Central and Local Government | Gross Domestic Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | Gross Domestic Product | |
| 2016 | 118.8719176407 | 36.1805105646 | 118.581934189872 | 3.5570355090783 | 47.658883494297 | 322.9526052805 |
| 2017 | 123.1416607559 | 37.5456118636 | 122.998020161758 | 4.1602179166877 | 76.954932427077 | 355.5994242493 |
| 2018 | 130.2866632918 | 39.2687277937 | 111.822469852883 | 0.8302960395683 | 106.01750245259 | 382.9402532383 |
| 2019 | 134.0375191247 | 41.5657337795 | 223.285912909811 | 1.6677429039635 | 11.901382322268 | 401.9834127979 |
| 2020 | 121.5181282663 | 46.3649772813 | 186.512612413065 | 4.7424962849263 | 81.1760257589549 | 430.7400804568 |
| 2021 | 132.3598407015 | 49.4391325069 | 112.093170710399 | 4.51910563596 | 205.220042841069 | 500.7706128533 |
| 2022 | 146.6045258938 | 50.6834059216 | 115.202018675114 | 8.8952575035344 | 216.344276526444 | 538.3841889058 |
| 2023 | 153.9261751442 | 53.2171452634 | 130.595913073008 | 9.287748972959 | 175.275667782 | 524.7287518444 |
| 2024 | 158.4593955444 | 56.0483826635 | 93.4210294778072 | 5.2574950831593 | 222.117925623923 | 538.3689040455 |
Get the data: PxStat NA008
On the Expenditure side of the accounts, Total Exports recorded robust growth of 8.6% in 2024 while Total Imports increased by 2.7%. The result is an increase in net exports of €46.8bn in 2024 over 2023 or 26.7%.
Headline investment fell sharply by 29.5% in 2024, the Capital Formation element of which decreased by 28.5%. This is predominantly due to a decrease in investment in Research & Development which is at its lowest level since 2014. Transactions in Research & Development are largely GDP neutral because of an offsetting decrease in imports. For more information see Chapter 8, GDP by Expenditures and Chapter 11, Investment.
Personal Consumption Expenditure (PCE), a measure of consumer spending on goods and services, increased by 2.9% in 2024, with the largest growth seen in spending on Accommodation Services (+16.0%), Footwear (+14.7%) along with Insurance (+13.6%). Declines in expenditure included Other Major Durables for Recreation & Culture (-11.0%) and Tools & Equipment for House & Garden (-6.4%). For more information, see Personal Spending.
For government consumption, Net Expenditure by Central & Local Government on Current Goods & Services rose by 5.3% in 2024.
Tell us what matters to you and help us improve our products and services.
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.