Households added €1 to their wealth for every €8 of disposable income in April, May, and June (Q2) 2025.
The seasonally adjusted household saving rate of 12.5% in Q2 2025 was similar to the 13.4% rate in Q1 2025 and the 12.8% average since the start of 2023.
The government surplus was €2.8bn in Q2 2025, close to the surplus of €3.1bn in Q2 2024.
This was the fourth year in a row that a government surplus was recorded in Q2, whereas there was a deficit in 15 of the previous 17 second quarters going back to Q2 2005.
For the economy as a whole, unadjusted Gross Domestic Product (GDP) grew significantly on the back of higher value added in industry in Q2 2025 over Q2 2024.
Most of the additional value added in Q2 2025 flowed out of the domestic economy to corporations' owners abroad in the form of profits, but Gross National Income increased by 3% from Q2 2024.
While the current account balance of €19bn was positive in Q2 2025, it was lower than the Q2 2024 figure of €35bn.
The lower current account balance was in part due to higher capital investment of €31bn, which was up €16bn on Q2 2024. This capital investment should increase the value added here in future quarters.
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Statistician's Comment
The Central Statistics Office (CSO) has today (03 October 2025) published the Institutional Sector Accounts Non-Financial for Quarter 2 (Q2) 2025.
Commenting on the release, Mark Manto, Statistician in the National Accounts Analysis & Globalisation Division of the CSO, said:
"The saving rate of households, which is the proportion of income that is left over after current consumption, was 12.5% in April, May, and June (Q2) 2025. This was similar to Q1 2025 (13.4% seasonally adjusted), and in line with the average since the start of 2023. Higher volumes as well as higher prices contributed to consumer spending increases. Meanwhile overall household income rose due to higher earnings from work. As both incomes and expenditure have been rising, the saving rate has been broadly stable.
The economic indicators for the wider economy were positive: Gross National Income (GNI) was up 3% in current prices in Q2 2025 from a year earlier and Gross Domestic Product (GDP) increased by 18%, but most of this additional value added flowed out to owners abroad, leaving the smaller increase in GNI.
The government surplus was €2.8bn in Q2 2025. This was the fourth year in a row a surplus was recorded in Q2 whereas there was a deficit in 15 of the previous 17 second quarters going back to Q2 2005."