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GDP and Growth Rates

GDP and Growth Rates

GDP grew by 8.0% in 2025 driven by multinational-dominated sectors

Online ISSN: 2811-5724
CSO statistical release, , 11am
Table 1.1 GDP and GNP Growth Rates
 20242025% change
GDP at current prices €561,940m€602,441m7.2%
GDP at constant (2024) prices€561,940m€606,730m8.0%
GNP at current prices €427,757m€429,440m0.4%
GNP at constant (2024) prices€427,757m€431,825m1.0%

Gross domestic product (GDP) increased by 8.0% in 2025 while gross national product (GNP) rose by 1.0%. These results are updated from the preliminary 2025 estimates published in March 2026 which showed GDP increasing by 12.3% while GNP rose by 2.4%.

GDP %GNP %
201710.11065209647725.70070072281404
20187.684262274037164.35435019700676
20194.976654767700920
20204.976654767700924.03038683150624
202116.556401361967714.1424358743116
20228.158010577559562.1772484973815
2023-3.305619701511997.47118543784511
20243.622098158821134.35293089882144
20257.970457876601130.950914889141851

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The estimates in this publication use more complete and up to date data than were available for the Q4 2025 estimates published in March 2026.

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.

GDPGNPGNI
2017367.8743596781290.5488797593291.8894724262
2018396.1427903147303.2003954775304.2061272029
2019415.8574493758315.4205442899316.4134811304
2020444.8789785291327.039026784328.0308672118
2021518.5349277894373.2903114309373.8519950949
2022560.8370620468381.4177691274381.7759154607
2023542.2979216304409.9141979518410.1588583571
2024561.9404846651427.7574797331428.3985612046
2025606.7297142869431.8250892973432.3742433553

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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 & FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels & RestaurantsInformation & CommunicationFinancial & Insurance ActivitiesReal Estate ActivitiesProfessional, Admin & Support ServicesPublic Admin, Education & HealthArts, Entertainment & Other Services
20250.208468866820.28754230881.05797508541.1216563558000116.6892221389-0.002199936100001651.51112557221.246187026099991.04372768970.0201700342999993

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Figure 1.3 shows the contributions of each activity to GDP from 2024 to 2025. Most sectors contributed positively to growth with the largest contributions in the Industry (excluding Construction) and Information & Communication 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 ServicesNet Expenditure by Central and Local GovernmentGross Domestic Fixed Capital FormationValue of Physical Changes in StocksNet ExportsGross Domestic Product
2017125.166514999439.1201193231128.3258878225064.043926979302383.3197543428001367.8743596781
2018132.423573725840.8933721431116.6662496152780.8070867013359113.582191946682396.1427903147
2019136.33070847743.237683796232.9579205805711.621124339863416.5768282916259415.8574493758
2020123.206232304748.2589980215194.7497492471194.609928869111888.866320318122444.8789785291
2021134.389066119851.4578458315117.3807591139014.3962244691215217.910684903848518.5349277894
2022148.980405826852.6247545999123.3359688352998.6456032722024230.084064036178560.8370620468
2023155.43533027554.7941654857137.4223518074089.0246969368786184.719871603725542.2979216304
2024159.230871335957.5163668868102.2506629085616.4532880836439233.9186671648561.9404846651
2025163.34989223259.347672784141.5293252393951.3750781915165239.139476926998606.7297142869

Get the data: PxStat NA008

On the Expenditure side of the accounts, Total Exports recorded growth of 7.5% in 2025 while Total Imports increased by 9.6%. The result is an increase in net exports of €5.2bn in 2025 over 2024 or 2.2%.

Headline investment rose by 31.5% in 2025, the Capital Formation element of which increased by 38.4%. This is predominantly due to an increase in investment in Research & Development. 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 2.6% in 2025, with the largest growth seen in spending on Accommodation Services (+24.7%), Inpatient Care Services (+16.1%) along with Household Appliances (+13.6%). Declines in expenditure included Insurance (-17.1%), Tobacco (-6.2%) and Electricity, Gas & Other Fuels (-5.8%). For more information, see Personal Spending.

For government consumption, Net Expenditure by Central & Local Government on Current Goods & Services rose by 3.2% in 2025. 

Table 1.2 Main Aggregates, 2020-2025

Table 1.3 Annual Percentage Changes in Main Aggregates, Deflators and the Consumer Price Index