Households added €1 to their wealth for every €7 of disposable income in July, August, and September (Q3) 2025.
The seasonally adjusted household saving rate of 14.7% in Q3 2025 was higher than the 13.2% rate in Q2 2025 and the 13.0% average since the start of 2023.
The government deficit was provisionally estimated to be €0.2bn in Q3 2025, a decrease from the surplus of €2.4bn in Q2 2025.
There has been a government surplus in 12 of the 16 quarters since Q4 2021 whereas there was a deficit in 12 of the 16 previous quarters going back to Q4 2017.
For the economy as a whole, unadjusted Gross Domestic Product (GDP) was 10.8% higher than Q3 2024, in part due to higher value added in industry.
Most of the additional value added in Q3 2025 flowed out of the domestic economy to corporations' owners abroad in the form of profits, but Gross National Income (GNI) increased by 2.5% from Q3 2024.
While the current account balance of €14bn was positive in Q3 2025, it was lower than the Q3 2024 figure of €20bn.
The lower current account balance was in part due to higher imports of intellectual property that raised capital investment to €40bn, and which should increase the value added here in future quarters.
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Statistician's Comment
The Central Statistics Office (CSO) has today (09 January 2026) published the Institutional Sector Accounts Non-Financial for Quarter 3 (Q3) 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 14.7% in July, August, and September (Q3) 2025. This was higher than Q2 2025 (13.2% seasonally adjusted), and higher than the average since the start of 2023. Consumer spending when adjusted for seasonal patterns was flat in Q3 2025 compared with Q2 2025, while overall household income rose due to higher earnings from work. As incomes rose and expenditure was largely unchanged, the saving rate increased.
The economic indicators for the wider economy were positive. Gross National Income (GNI) was up 2.5% in current prices in Q3 2025 from a year earlier and Gross Domestic Product (GDP) increased by 10.8%, but most of this additional value added flowed out to owners abroad, leaving the smaller increase in GNI.
The government deficit was provisionally estimated to be €0.2bn in Q3 2025. There has been a government surplus in 12 of the 16 quarters since Q4 2021 whereas there was a deficit in 12 of the 16 previous quarters going back to Q4 2017."