Back to Top

 Skip navigation

GDP by Sector

GDP by Sector

Increase of 0.7% in GDP (seasonally adjusted) in Quarter 1

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20242
 Amount €mQuarterly % change
Industry (excl. Construction)34,077-5.7
Information and Communication24,0801.2
Professional, Admin and Support Services13,8592.7
Distribution, Transport, Hotels and Restaurants12,2413.1
Public Admin, Education and Health11,6820.7
Real Estate Activities7,044-2.0
Financial and Insurance Activities4,8531.0
Construction2,875-1.1
Arts, Entertainment and Other Services1,6052.9
Agriculture, Forestry and Fishing1,551-2.6
Gross Domestic Product120,7500.7
1Series is not additive, Taxes less Subsidies on Products not shown in table (see Table 2.5 for full detail).
2Constant Market Prices, chain linked annually and referenced to year 2022, seasonally adjusted.

The MNE dominated sectors of the economy decreased by 5.5% overall in the first quarter of 2024. Value added for the MNE dominated Industry (excluding Construction) sector recorded a significant decrease in Q1 compared with the previous quarter, falling by 5.7% which outweighed the growth in the Information & Communication sector of 1.2% in the quarter. The domestically facing sectors of the economy posted a mixed set of results in Q1. The Distribution, Transport, Hotels & Restaurants sector expanded by 3.1% in volume terms quarter-on-quarter while the Arts & Entertainment sector increased by 2.9% over the period compared with Q4 2023. The Professional & Administrative services sector grew by 2.7% in the quarter while Finance & Insurance and the Public Administration, Education & Health sector recorded modest increases of 1.0% and 0.7% respectively. The domestic facing Agriculture, Forestry & Fishing sector shrank by 2.6% in Q1 while the Real Estate sector contracted by 2.0% over the same period. The domestically dominated Construction sector posted a 1.1% fall in Q1 2024 quarter-on-quarter. The domestic/other sectors of the economy grew by 1.1% overall in the first quarter of 2024. (See Tables 2.5 and 6.3).

Column1Q1 2024Q4 2023
Industry (excl. Construction)34.07668943536.145196385
Information and Communication24.08036981823.801201415
Professional, Admin and Support Services13.85910229313.498323931
Distribution, Transport, Hotels and Restaurants12.24059431311.867354003
Public Admin, Education and Health11.68245121711.595516083
Real Estate Activities7.0437054527.186397314
Financial and Insurance Activities4.8531201454.807031587
Construction2.8754490772.906559579
Arts, Entertainment and Other Services1.6047269781.559300471
Agriculture Forestry and Fishing1.5508827771.592636562

Get the data: NAQ02

Column1Q1 2024
Industry (excl. Construction)-5.72277136902877
Agriculture, Forestry & Fishing-2.62167690961247
Real Estate Activities-1.98558270250405
Construction-1.07035486988722
Public Admin, Education & Health0.749730614642097
Financial & Insurance Activities0.95877377058724
Information & Communication1.17291727477278
Professional, Admin & Support Services2.67276414349076
Arts, Entertainment & Other Services2.91326193025949
Distribution, Transport, Hotels & Restaurants3.14510134193053
Agriculture, Forestry & FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels & RestaurantsInformation & CommunicationFinancial & Insurance ActivitiesReal Estate ActivitiesProfessional, Admin & Support ServicesPublic Admin, Education & HealthArts, Entertainment & Other Services
Q1 2022100100100100100100100100100100
Q2 202297.353707401668599.7682377016706103.929002365353101.334621200032103.62324945519196.3562945358441103.171574486378101.511433970477101.873046838884111.915989046552
Q3 2022111.945183572114109.019959662186103.488220235378101.58443082375107.08044333727894.1688575307083103.733154407316101.002839613354102.656663387312115.272273581234
Q4 2022107.269783647441116.68691338948899.3291938711157102.852708301228103.70431459973393.1333759233735103.964149374234103.14476014018103.618445988353119.244795996974
Q1 2023119.1720073813986.0744779160033103.36618501798199.2132529443722107.817938061304115.993457532591111.103644286678101.575597151642106.017314247887114.790609536861
Q2 2023127.69777630439386.79227468669498.3749519299833101.735415928768111.531526254611113.869153698429113.502923559319104.477538531666106.171008605129116.3747923867
Q3 2023115.16583565429783.291738048981296.8710939926763100.554941520723111.647028043983103.62258092485115.419144026768105.432887807438107.350460585408114.896825316731
Q4 2023115.65166431835677.149295613310296.4044505266175100.259349683268113.662490798396104.073118961608115.482985633588104.298516657162108.728713922129117.971670370469
Q1 2024112.61965133933972.734217812544395.3725807956178103.412607835567114.995657787908105.070944728443113.189975446512107.086170012567109.543886377309121.408494131863

Comparisons with Q1 2023

Updated estimates for the first quarter of 2024 indicate that there was a contraction of 4.7% in GDP in real terms in Q1 2024 compared with Q1 2023. Gross Value Added (GVA) for the MNE-dominated sectors fell by 11.3% in Q1 2024 compared with Q1 2023. The Information & Communication sector expanded by 6.3% in Q1 compared with the equivalent quarter of 2023 while the Industry (excluding Construction) sector contracted by 16.4% year-on-year over the same period.

Of the domestic based economic sectors, Professional & Administrative Services activity and the Arts & Entertainment sector both posted increases of 5.5% year-on-year, while Distribution, Transport, Hotels & Restaurants expanded by 4.9% compared with the same quarter of 2023. Of the other Service sectors, Public Administration, Education & Health rose by 3.4%, with Real Estate activity up by 1.7%. Construction activity contracted by 8.6% in Q1 2024 compared with Q1 2023 while Financial & Insurance activities declined by 8.1% year-on-year. The Agriculture, Forestry & Fishing sector fell by 5.7% over the same period. Overall, the domestic based sectors of the economy grew by 3.5% year-on-year in the first quarter of 2024 compared with Q1 2023, partially offsetting the decline in the MNE-dominated sectors of 11.3% in the quarter. (See Tables 2.3 and 6.2).

Table 2.2 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Price

Table 2.3 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)2

Table 2.4 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices - Seasonally Adjusted

Table 2.5 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)2 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2024 Updates Tables (XLS 56KB)