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Quarterly National Accounts Quarter 1 2025 Final

Domestic Demand

Modified Domestic Demand increased by 2.0% in Q1 2025

Online ISSN: 2009-5775

CSO statistical release, 08 July 2025, 11am

Table 5.1 Modified Final Domestic Demand by Component, Q1 2025¹
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	40,356	0.3
Net Expenditure by Central and Local Government on Current Goods and Services	14,262	-1.3
Modified Gross Domestic Fixed Capital Formation	15,476	10.2
Modified Final Domestic Demand	70,094	2.0
¹Constant Market Prices, chain linked annually and referenced to year 2023 and seasonally adjusted

Open in Excel: Quarterly National Accounts Q1 2025 Table 5.1 (XLS 10KB)

Final Domestic Demand increased by 22.3% in Q1 2025 compared with Q4 2024, while Modified Final Domestic Demand increased by 2.0% over the same period. (See Table 5.5)

	Personal Consumption of Goods and Services	Net Expenditure by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand
Q1 2023	38.3751919036	12.8330145257	16.5260060383	67.7266461268
Q2 2023	38.5181222499	13.0429262727	15.5876809106	67.1428630194
Q3 2023	38.0118277853	13.2325491486	14.9511699171	66.1968583565
Q4 2023	38.9026322889	14.0698903981	14.8977162353	67.8823601718
Q1 2024	39.1338908516	13.4919705585	15.3097027624	67.9355641726
Q2 2024	39.492942713	13.9246178338	14.6954133644	68.1129739113
Q3 2024	39.536819982	14.0819798811	15.048509062	68.6673089252
Q4 2024	40.2326428969	14.4519242839	14.0444867302	68.7290539111
Q1 2025	40.3562902744	14.2616171499	15.4763822851	70.0942897095

Get the data: NAQ05

	Modified Final Domestic Demand
Q1 2023	7.31804505219233
Q2 2023	-0.861969609874114
Q3 2023	-1.40894299164256
Q4 2023	2.54619608414468
Q1 2024	0.078376769259858
Q2 2024	0.261144131002222
Q3 2024	0.813846440799804
Q4 2024	0.0899190413406803
Q1 2025	1.98640272302586

Get the data: NAQ05

	Modified Final Domestic Demand	Net Exports & Other
Q1 2023	3.4116661451699	-5.15734120986057
Q2 2023	-0.43891909804712	1.3251645471255
Q3 2023	-0.705008367438089	-2.20603282625791
Q4 2023	1.29377982733291	-3.68254098292483
Q1 2024	0.0418384529478675	1.59537182822591
Q2 2024	0.137263808992168	0.67931849737242
Q3 2024	0.425421006089253	4.14053963487927
Q4 2024	0.0453166693927734	4.46692411737198
Q1 2025	0.958731056421547	6.43425123589383

Comparisons with Q1 2024

Final Domestic Demand increased by 23.5% in Q1 2025 compared with Q1 2024, while Modified Final Domestic Demand grew by 2.9% over the same period.

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand
2019	112,422	36,078	193,555	342,056	1,788	343,843	134,038	41,566	223,286	398,791	1,668	399,082
2020	102,101	40,725	157,989	300,815	4,594	305,409	121,518	46,365	186,513	354,241	4,742	358,556
2021	114,296	44,493	99,007	257,796	4,279	262,075	132,360	49,439	112,093	293,914	4,519	298,159
2022	135,461	48,314	110,101	293,876	9,061	302,937	146,605	50,683	115,202	312,345	8,895	321,265
2023	153,926	53,217	130,596	337,739	9,288	347,027	153,926	53,217	130,596	337,739	9,288	347,027
2024	164,748	57,298	97,634	319,679	5,067	324,746	158,459	56,048	93,421	307,929	5,257	313,186

2019
Q1	27,191	8,728	17,782	53,700	1,036	54,737	32,614	10,141	21,117	63,731	971	64,713
Q2	27,295	8,988	60,983	97,267	-318	96,948	32,470	10,287	71,112	113,908	-239	113,041
Q3	27,974	9,208	21,860	59,042	1,174	60,216	33,355	10,731	25,408	69,368	1,056	70,435
Q4	29,962	9,155	92,929	132,047	-105	131,942	35,599	10,406	105,649	151,784	-120	150,893
	112,422	36,078	193,555	342,056	1,788	343,843	134,038	41,566	223,286	398,791	1,668	399,082
2020
Q1	26,208	9,291	79,024	114,523	2,067	116,590	30,911	10,470	90,951	132,739	1,926	134,541
Q2	22,279	10,270	17,149	49,698	1,267	50,965	26,597	11,784	20,216	58,364	1,514	59,987
Q3	26,305	10,334	23,887	60,526	485	61,010	31,337	11,906	28,923	71,922	509	72,233
Q4	27,309	10,830	37,929	76,068	775	76,843	32,674	12,204	46,423	91,216	793	91,795
	102,101	40,725	157,989	300,815	4,594	305,409	121,518	46,365	186,513	354,241	4,742	358,556
2021
Q1	25,269	10,662	17,994	53,925	1,811	55,736	29,731	12,250	20,500	62,538	1,859	64,462
Q2	27,120	11,150	20,022	58,292	261	58,553	31,563	12,376	22,596	66,570	224	66,622
Q3	29,744	11,349	20,657	61,750	3,162	64,912	34,402	12,094	22,807	69,299	3,338	72,884
Q4	32,163	11,332	40,334	83,829	-955	82,874	36,664	12,719	46,190	95,508	-903	94,190
	114,296	44,493	99,007	257,796	4,279	262,075	132,360	49,439	112,093	293,914	4,519	298,159
2022
Q1	31,131	11,565	22,329	65,025	1,520	66,545	34,683	12,064	23,601	70,290	1,550	71,811
Q2	32,625	11,853	26,695	71,173	4,796	75,969	35,412	12,572	28,200	76,159	4,703	81,065
Q3	34,277	11,959	29,756	75,993	2,625	78,618	36,879	12,890	31,217	80,969	2,556	83,551
Q4	37,428	12,936	31,321	81,685	120	81,805	39,631	13,158	32,184	84,926	85	84,838
	135,461	48,314	110,101	293,876	9,061	302,937	146,605	50,683	115,202	312,345	8,895	321,265
2023
Q1	36,028	12,678	27,327	76,033	878	76,911	37,636	12,435	27,471	77,464	824	78,183
Q2	37,674	13,130	28,960	79,764	3,574	83,338	37,823	13,002	28,774	79,546	3,536	83,190
Q3	38,401	13,130	28,163	79,694	4,004	83,698	37,483	13,062	27,944	78,430	4,306	82,908
Q4	41,823	14,280	46,145	102,248	832	103,080	40,984	14,718	46,407	102,300	622	102,746
	153,926	53,217	130,596	337,739	9,288	347,027	153,926	53,217	130,596	337,739	9,288	347,027
2024
Q1	39,178	13,653	25,066	77,897	1,148	79,046	38,287	13,003	24,051	75,341	1,091	76,432
Q2	40,568	14,382	11,546	66,497	1,736	68,234	38,955	13,905	11,120	63,981	1,823	65,804
Q3	40,803	14,223	30,989	86,015	1,780	87,795	38,745	13,891	30,207	82,843	1,842	84,685
Q4	44,199	15,039	30,033	89,270	403	89,673	42,472	15,249	28,043	85,764	501	86,265
	164,748	57,298	97,634	319,679	5,067	324,746	158,459	56,048	93,421	307,929	5,257	313,186
2025
Q1	41,014	14,583	41,658	97,255	-4,649	92,606	39,441	13,681	39,888	93,010	-4,737	88,273

Percentage change on corresponding period of previous year
2019	4.6	9.1	107.0	46.1		46.3	2.9	5.8	99.7	42.0		42.2
2020	-9.2	12.9	-18.4	-12.1		-11.2	-9.3	11.5	-16.5	-11.2		-10.2
2021	11.9	9.3	-37.3	-14.3		-14.2	8.9	6.6	-39.9	-17.0		-16.8
2022	18.5	8.6	11.2	14.0		15.6	10.8	2.5	2.8	6.3		7.7
2023	13.6	10.1	18.6	14.9		14.6	5.0	5.0	13.4	8.1		8.0
2024	7.0	7.7	-25.2	-5.3		-6.4	2.9	5.3	-28.5	-8.8		-9.8

2019
Q1	4.6	8.5	13.6	8.1		6.2	3.0	7.2	12.5	6.6		4.8
Q2	5.0	9.4	249.1	88.2		86.5	3.3	4.9	241.7	83.9		82.2
Q3	4.3	8.2	12.1	7.7		9.8	2.8	5.9	9.5	5.6		7.6
Q4	4.4	10.4	127.4	69.6		72.2	2.5	5.4	115.4	62.4		65.1
2020
Q1	-3.6	6.5	344.4	113.3		113.0	-5.2	3.2	330.7	108.3		107.9
Q2	-18.4	14.3	-71.9	-48.9		-47.4	-18.1	14.6	-71.6	-48.8		-46.9
Q3	-6.0	12.2	9.3	2.5		1.3	-6.1	10.9	13.8	3.7		2.6
Q4	-8.9	18.3	-59.2	-42.4		-41.8	-8.2	17.3	-56.1	-39.9		-39.2
2021
Q1	-3.6	14.8	-77.2	-52.9		-52.2	-3.8	17.0	-77.5	-52.9		-52.1
Q2	21.7	8.6	16.8	17.3		14.9	18.7	5.0	11.8	14.1		11.1
Q3	13.1	9.8	-13.5	2.0		6.4	9.8	1.6	-21.1	-3.6		0.9
Q4	17.8	4.6	6.3	10.2		7.8	12.2	4.2	-0.5	4.7		2.6
2022
Q1	23.2	8.5	24.1	20.6		19.4	16.7	-1.5	15.1	12.4		11.4
Q2	20.3	6.3	33.3	22.1		29.7	12.2	1.6	24.8	14.4		21.7
Q3	15.2	5.4	44.0	23.1		21.1	7.2	6.6	36.9	16.8		14.6
Q4	16.4	14.2	-22.3	-2.6		-1.3	8.1	3.5	-30.3	-11.1		-9.9
2023
Q1	15.7	9.6	22.4	16.9		15.6	8.5	3.1	16.4	10.2		8.9
Q2	15.5	10.8	8.5	12.1		9.7	6.8	3.4	2.0	4.4		2.6
Q3	12.0	9.8	-5.4	4.9		6.5	1.6	1.3	-10.5	-3.1		-0.8
Q4	11.7	10.4	47.3	25.2		26.0	3.4	11.9	44.2	20.5		21.1
2024
Q1	8.7	7.7	-8.3	2.5		2.8	1.7	4.6	-12.4	-2.7		-2.2
Q2	7.7	9.5	-60.1	-16.6		-18.1	3.0	6.9	-61.4	-19.6		-20.9
Q3	6.3	8.3	10.0	7.9		4.9	3.4	6.3	8.1	5.6		2.1
Q4	5.7	5.3	-34.9	-12.7		-13.0	3.6	3.6	-39.6	-16.2		-16.0
2025
Q1	4.7	6.8	66.2	24.9		17.2	3.0	5.2	65.8	23.5		15.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 Table 5.2 (XLS 23KB)

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Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted

Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand
2019
Q1	27,665	8,834	19,359	55,859	1,036	56,895	33,088	10,281	23,589	66,776	971	67,743
Q2	27,967	8,977	61,688	98,632	-318	98,314	33,529	10,362	72,463	116,407	-239	115,528
Q3	28,107	9,140	21,863	59,110	1,174	60,284	33,567	10,646	25,350	69,388	1,056	70,455
Q4	28,632	9,117	90,370	128,120	-105	128,015	33,993	10,345	101,507	146,033	-120	145,169
2020
Q1	26,735	9,412	80,859	117,006	2,067	119,073	31,337	10,619	93,837	136,253	1,926	138,039
Q2	22,770	10,242	17,718	50,729	1,267	51,996	27,457	11,844	21,365	60,400	1,514	62,015
Q3	26,403	10,301	23,857	60,561	485	61,046	31,374	11,881	28,745	71,729	509	72,041
Q4	26,082	10,743	35,329	72,155	775	72,930	31,129	12,057	42,348	85,426	793	86,030
2021
Q1	25,845	10,810	19,807	56,462	1,811	58,273	30,168	12,457	23,538	66,209	1,859	68,122
Q2	27,699	11,103	20,622	59,423	261	59,683	32,400	12,421	23,599	68,444	224	68,491
Q3	29,867	11,382	20,547	61,796	3,162	64,958	34,462	12,151	22,453	69,065	3,338	72,650
Q4	30,677	11,171	37,662	79,510	-955	78,556	34,926	12,423	42,149	89,445	-903	88,147
2022
Q1	31,913	11,742	24,441	68,095	1,520	69,615	35,250	12,356	27,079	74,651	1,550	76,163
Q2	33,255	11,796	27,134	72,186	4,796	76,982	36,223	12,614	28,660	77,465	4,703	82,366
Q3	34,481	12,053	29,673	76,207	2,625	78,832	37,166	13,002	30,845	80,991	2,556	83,573
Q4	35,655	12,689	28,819	77,164	120	77,284	37,721	12,715	28,658	79,042	85	78,967
2023
Q1	36,976	12,879	29,513	79,368	878	80,245	38,375	12,833	31,105	82,285	824	82,993
Q2	38,308	13,066	29,157	80,531	3,574	84,105	38,518	13,043	28,864	80,362	3,536	84,005
Q3	38,712	13,286	28,117	80,115	4,004	84,119	38,012	13,233	27,452	78,623	4,306	83,102
Q4	39,812	13,947	43,961	97,720	832	98,552	38,903	14,070	43,326	96,463	622	96,922
2024
Q1	40,239	13,879	27,227	81,344	1,148	82,493	39,134	13,492	27,491	80,117	1,091	81,208
Q2	41,169	14,320	11,418	66,906	1,736	68,643	39,493	13,925	10,977	64,394	1,823	66,217
Q3	41,208	14,418	30,944	86,570	1,780	88,350	39,537	14,082	29,581	83,200	1,842	85,043
Q4	42,062	14,655	27,939	84,655	403	85,058	40,233	14,452	25,416	80,100	501	80,601
2025
Q1	42,145	14,833	43,914	100,891	-4,649	96,243	40,356	14,262	43,375	97,993	-4,737	93,255

Percentage change on previous quarter
2019
Q1	0.9	6.8	-50.0	-24.9		-22.2	-0.1	4.5	-47.8	-24.1		-21.2
Q2	1.1	1.6	218.6	76.6		72.8	1.3	0.8	207.2	74.3		70.5
Q3	0.5	1.8	-64.6	-40.1		-38.7	0.1	2.7	-65.0	-40.4		-39.0
Q4	1.9	-0.2	313.3	116.7		112.4	1.3	-2.8	300.4	110.5		106.0
2020
Q1	-6.6	3.2	-10.5	-8.7		-7.0	-7.8	2.6	-7.6	-6.7		-4.9
Q2	-14.8	8.8	-78.1	-56.6		-56.3	-12.4	11.5	-77.2	-55.7		-55.1
Q3	16.0	0.6	34.6	19.4		17.4	14.3	0.3	34.5	18.8		16.2
Q4	-1.2	4.3	48.1	19.1		19.5	-0.8	1.5	47.3	19.1		19.4
2021
Q1	-0.9	0.6	-43.9	-21.7		-20.1	-3.1	3.3	-44.4	-22.5		-20.8
Q2	7.2	2.7	4.1	5.2		2.4	7.4	-0.3	0.3	3.4		0.5
Q3	7.8	2.5	-0.4	4.0		8.8	6.4	-2.2	-4.9	0.9		6.1
Q4	2.7	-1.9	83.3	28.7		20.9	1.3	2.2	87.7	29.5		21.3
2022
Q1	4.0	5.1	-35.1	-14.4		-11.4	0.9	-0.5	-35.8	-16.5		-13.6
Q2	4.2	0.5	11.0	6.0		10.6	2.8	2.1	5.8	3.8		8.1
Q3	3.7	2.2	9.4	5.6		2.4	2.6	3.1	7.6	4.6		1.5
Q4	3.4	5.3	-2.9	1.3		-2.0	1.5	-2.2	-7.1	-2.4		-5.5
2023
Q1	3.7	1.5	2.4	2.9		3.8	1.7	0.9	8.5	4.1		5.1
Q2	3.6	1.5	-1.2	1.5		4.8	0.4	1.6	-7.2	-2.3		1.2
Q3	1.1	1.7	-3.6	-0.5		0.0	-1.3	1.5	-4.9	-2.2		-1.1
Q4	2.8	5.0	56.3	22.0		17.2	2.3	6.3	57.8	22.7		16.6
2024
Q1	1.1	-0.5	-38.1	-16.8		-16.3	0.6	-4.1	-36.5	-16.9		-16.2
Q2	2.3	3.2	-58.1	-17.7		-16.8	0.9	3.2	-60.1	-19.6		-18.5
Q3	0.1	0.7	171.0	29.4		28.7	0.1	1.1	169.5	29.2		28.4
Q4	2.1	1.6	-9.7	-2.2		-3.7	1.8	2.6	-14.1	-3.7		-5.2
2025
Q1	0.2	1.2	57.2	19.2		13.1	0.3	-1.3	70.7	22.3		15.7
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 Table 5.3 (XLS 20KB)

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Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted

Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand
2019	112,422	36,078	41,315	189,815	1,788	191,603	134,038	41,566	53,916	229,121	1,668	229,605
2020	102,101	40,725	37,634	180,460	4,594	185,053	121,518	46,365	48,258	216,241	4,742	220,767
2021	114,296	44,493	43,175	201,964	4,279	206,243	132,360	49,439	51,804	233,705	4,519	237,896
2022	135,461	48,314	52,344	236,119	9,061	245,180	146,605	50,683	56,021	253,302	8,895	262,210
2023	153,926	53,217	61,754	268,898	9,288	278,186	153,926	53,217	61,754	268,898	9,288	278,186
2024	164,748	57,298	61,789	283,835	5,067	288,902	158,459	56,048	59,133	273,641	5,257	278,898

2019
Q1	27,191	8,728	9,559	45,477	1,036	46,514	32,614	10,141	12,747	55,437	971	56,327
Q2	27,295	8,988	9,156	45,439	-318	45,121	32,470	10,287	12,033	54,788	-239	54,036
Q3	27,974	9,208	11,236	48,418	1,174	49,592	33,355	10,731	14,667	58,565	1,056	59,546
Q4	29,962	9,155	11,364	50,481	-105	50,376	35,599	10,406	14,469	60,331	-120	59,697
	112,422	36,078	41,315	189,815	1,788	191,603	134,038	41,566	53,916	229,121	1,668	229,605
2020
Q1	26,208	9,291	9,546	45,045	2,067	47,112	30,911	10,470	12,065	53,424	1,926	55,511
Q2	22,279	10,270	7,214	39,763	1,267	41,030	26,597	11,784	9,603	48,156	1,514	49,753
Q3	26,305	10,334	10,510	47,149	485	47,634	31,337	11,906	13,526	56,711	509	56,954
Q4	27,309	10,830	10,363	48,502	775	49,277	32,674	12,204	13,064	57,949	793	58,549
	102,101	40,725	37,634	180,460	4,594	185,053	121,518	46,365	48,258	216,241	4,742	220,767
2021
Q1	25,269	10,662	9,555	45,485	1,811	47,297	29,731	12,250	11,771	53,827	1,859	55,738
Q2	27,120	11,150	9,841	48,112	261	48,373	31,563	12,376	12,182	56,187	224	56,199
Q3	29,744	11,349	11,231	52,324	3,162	55,486	34,402	12,094	13,416	59,903	3,338	63,496
Q4	32,163	11,332	12,548	56,043	-955	55,088	36,664	12,719	14,434	63,788	-903	62,464
	114,296	44,493	43,175	201,964	4,279	206,243	132,360	49,439	51,804	233,705	4,519	237,896
2022
Q1	31,131	11,565	11,865	54,561	1,520	56,081	34,683	12,064	13,049	59,805	1,550	61,308
Q2	32,625	11,853	13,918	58,396	4,796	63,192	35,412	12,572	15,065	63,005	4,703	67,942
Q3	34,277	11,959	13,981	60,218	2,625	62,843	36,879	12,890	14,979	64,721	2,556	67,307
Q4	37,428	12,936	12,580	62,944	120	63,064	39,631	13,158	12,927	65,770	85	65,654
	135,461	48,314	52,344	236,119	9,061	245,180	146,605	50,683	56,021	253,302	8,895	262,210
2023
Q1	36,028	12,678	15,835	64,541	878	65,419	37,636	12,435	16,004	66,064	824	66,757
Q2	37,674	13,130	14,982	65,786	3,574	69,360	37,823	13,002	15,072	65,895	3,536	69,544
Q3	38,401	13,130	15,660	67,191	4,004	71,195	37,483	13,062	15,626	66,175	4,306	70,662
Q4	41,823	14,280	15,277	71,380	832	72,212	40,984	14,718	15,053	70,764	622	71,223
	153,926	53,217	61,754	268,898	9,288	278,186	153,926	53,217	61,754	268,898	9,288	278,186
2024
Q1	39,178	13,653	15,671	68,502	1,148	69,651	38,287	13,003	15,014	66,304	1,091	67,395
Q2	40,568	14,382	14,800	69,751	1,736	71,487	38,955	13,905	14,232	67,093	1,823	68,916
Q3	40,803	14,223	16,330	71,356	1,780	73,136	38,745	13,891	15,812	68,448	1,842	70,290
Q4	44,199	15,039	14,988	74,226	403	74,628	42,472	15,249	14,075	71,796	501	72,296
	164,748	57,298	61,789	283,835	5,067	288,902	158,459	56,048	59,133	273,641	5,257	278,898
2025
Q1	41,014	14,583	16,329	71,926	-4,649	67,278	39,441	13,681	15,102	68,224	-4,737	63,487

Percentage change on corresponding period of previous year
2019	4.6	9.1	0.4	4.5		4.9	2.9	5.8	-2.7	2.1		2.6
2020	-9.2	12.9	-8.9	-4.9		-3.4	-9.3	11.5	-10.5	-5.6		-3.8
2021	11.9	9.3	14.7	11.9		11.5	8.9	6.6	7.3	8.1		7.8
2022	18.5	8.6	21.2	16.9		18.9	10.8	2.5	8.1	8.4		10.2
2023	13.6	10.1	18.0	13.9		13.5	5.0	5.0	10.2	6.2		6.1
2024	7.0	7.7	0.1	5.6		3.9	2.9	5.3	-4.2	1.8		0.3

2019
Q1	4.6	8.5	-1.8	3.9		1.9	3.0	7.2	-4.5	2.0		0.2
Q2	5.0	9.4	-9.9	2.4		1.0	3.3	4.9	-12.5	-0.0		-1.3
Q3	4.3	8.2	7.2	5.7		8.3	2.8	5.9	4.6	3.8		6.2
Q4	4.4	10.4	5.3	5.7		8.3	2.5	5.4	1.2	2.7		5.3
2020
Q1	-3.6	6.5	-0.1	-1.0		1.3	-5.2	3.2	-5.3	-3.6		-1.4
Q2	-18.4	14.3	-21.2	-12.5		-9.1	-18.1	14.6	-20.2	-12.1		-7.9
Q3	-6.0	12.2	-6.5	-2.6		-3.9	-6.1	10.9	-7.8	-3.2		-4.4
Q4	-8.9	18.3	-8.8	-3.9		-2.2	-8.2	17.3	-9.7	-3.9		-1.9
2021
Q1	-3.6	14.8	0.1	1.0		0.4	-3.8	17.0	-2.4	0.8		0.4
Q2	21.7	8.6	36.4	21.0		17.9	18.7	5.0	26.9	16.7		13.0
Q3	13.1	9.8	6.9	11.0		16.5	9.8	1.6	-0.8	5.6		11.5
Q4	17.8	4.6	21.1	15.5		11.8	12.2	4.2	10.5	10.1		6.7
2022
Q1	23.2	8.5	24.2	20.0		18.6	16.7	-1.5	10.9	11.1		10.0
Q2	20.3	6.3	41.4	21.4		30.6	12.2	1.6	23.7	12.1		20.9
Q3	15.2	5.4	24.5	15.1		13.3	7.2	6.6	11.6	8.0		6.0
Q4	16.4	14.2	0.3	12.3		14.5	8.1	3.5	-10.4	3.1		5.1
2023
Q1	15.7	9.6	33.5	18.3		16.7	8.5	3.1	22.6	10.5		8.9
Q2	15.5	10.8	7.6	12.7		9.8	6.8	3.4	0.0	4.6		2.4
Q3	12.0	9.8	12.0	11.6		13.3	1.6	1.3	4.3	2.2		5.0
Q4	11.7	10.4	21.4	13.4		14.5	3.4	11.9	16.4	7.6		8.5
2024
Q1	8.7	7.7	-1.0	6.1		6.5	1.7	4.6	-6.2	0.4		1.0
Q2	7.7	9.5	-1.2	6.0		3.1	3.0	6.9	-5.6	1.8		-0.9
Q3	6.3	8.3	4.3	6.2		2.7	3.4	6.3	1.2	3.4		-0.5
Q4	5.7	5.3	-1.9	4.0		3.3	3.6	3.6	-6.5	1.5		1.5
2025
Q1	4.7	6.8	4.2	5.0		-3.4	3.0	5.2	0.6	2.9		-5.8
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 Table 5.4 (XLS 23KB)

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Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted

Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand
2019
Q1	27,665	8,834	9,921	46,421	1,036	47,457	33,088	10,281	13,392	56,658	971	57,537
Q2	27,967	8,977	9,752	46,696	-318	46,378	33,529	10,362	12,789	56,636	-239	55,867
Q3	28,107	9,140	10,784	48,030	1,174	49,204	33,567	10,646	14,084	58,160	1,056	59,144
Q4	28,632	9,117	10,797	48,546	-105	48,442	33,993	10,345	13,496	57,740	-120	57,125
2020
Q1	26,735	9,412	9,894	46,041	2,067	48,108	31,337	10,619	12,732	54,630	1,926	56,709
Q2	22,770	10,242	7,647	40,659	1,267	41,925	27,457	11,844	10,195	49,632	1,514	51,219
Q3	26,403	10,301	10,066	46,770	485	47,254	31,374	11,881	12,987	56,224	509	56,470
Q4	26,082	10,743	9,985	46,811	775	47,586	31,129	12,057	12,299	55,522	793	56,138
2021
Q1	25,845	10,810	9,612	46,267	1,811	48,079	30,168	12,457	12,122	54,809	1,859	56,716
Q2	27,699	11,103	10,345	49,146	261	49,407	32,400	12,421	12,843	57,695	224	57,700
Q3	29,867	11,382	10,719	51,969	3,162	55,130	34,462	12,151	12,820	59,466	3,338	63,061
Q4	30,677	11,171	12,281	54,129	-955	53,174	34,926	12,423	13,816	61,149	-903	59,837
2022
Q1	31,913	11,742	11,940	55,595	1,520	57,115	35,250	12,356	13,505	61,116	1,550	62,615
Q2	33,255	11,796	14,427	59,478	4,796	64,274	36,223	12,614	15,634	64,408	4,703	69,339
Q3	34,481	12,053	13,440	59,973	2,625	62,598	37,166	13,002	14,352	64,521	2,556	67,107
Q4	35,655	12,689	12,592	60,936	120	61,056	37,721	12,715	12,619	63,108	85	63,001
2023
Q1	36,976	12,879	15,776	65,631	878	66,509	38,375	12,833	16,526	67,727	824	68,415
Q2	38,308	13,066	15,431	66,805	3,574	70,379	38,518	13,043	15,588	67,143	3,536	70,788
Q3	38,712	13,286	15,079	67,077	4,004	71,081	38,012	13,233	14,951	66,197	4,306	70,684
Q4	39,812	13,947	15,677	69,436	832	70,268	38,903	14,070	14,898	67,882	622	68,350
2024
Q1	40,239	13,879	15,427	69,544	1,148	70,693	39,134	13,492	15,310	67,936	1,091	69,027
Q2	41,169	14,320	15,092	70,580	1,736	72,316	39,493	13,925	14,695	68,113	1,823	69,936
Q3	41,208	14,418	15,685	71,312	1,780	73,092	39,537	14,082	15,049	68,667	1,842	70,510
Q4	42,062	14,655	15,493	72,210	403	72,613	40,233	14,452	14,044	68,729	501	69,230
2025
Q1	42,145	14,833	16,112	73,090	-4,649	68,442	40,356	14,262	15,476	70,094	-4,737	65,357

Percentage change on previous quarter
2019
Q1	0.9	6.8	-4.0	0.9		6.0	-0.1	4.5	-0.4	0.7		6.1
Q2	1.1	1.6	-1.7	0.6		-2.3	1.3	0.8	-4.5	-0.0		-2.9
Q3	0.5	1.8	10.6	2.9		6.1	0.1	2.7	10.1	2.7		5.9
Q4	1.9	-0.2	0.1	1.1		-1.5	1.3	-2.8	-4.2	-0.7		-3.4
2020
Q1	-6.6	3.2	-8.4	-5.2		-0.7	-7.8	2.6	-5.7	-5.4		-0.7
Q2	-14.8	8.8	-22.7	-11.7		-12.9	-12.4	11.5	-19.9	-9.1		-9.7
Q3	16.0	0.6	31.6	15.0		12.7	14.3	0.3	27.4	13.3		10.3
Q4	-1.2	4.3	-0.8	0.1		0.7	-0.8	1.5	-5.3	-1.2		-0.6
2021
Q1	-0.9	0.6	-3.7	-1.2		1.0	-3.1	3.3	-1.4	-1.3		1.0
Q2	7.2	2.7	7.6	6.2		2.8	7.4	-0.3	5.9	5.3		1.7
Q3	7.8	2.5	3.6	5.7		11.6	6.4	-2.2	-0.2	3.1		9.3
Q4	2.7	-1.9	14.6	4.2		-3.5	1.3	2.2	7.8	2.8		-5.1
2022
Q1	4.0	5.1	-2.8	2.7		7.4	0.9	-0.5	-2.3	-0.1		4.6
Q2	4.2	0.5	20.8	7.0		12.5	2.8	2.1	15.8	5.4		10.7
Q3	3.7	2.2	-6.8	0.8		-2.6	2.6	3.1	-8.2	0.2		-3.2
Q4	3.4	5.3	-6.3	1.6		-2.5	1.5	-2.2	-12.1	-2.2		-6.1
2023
Q1	3.7	1.5	25.3	7.7		8.9	1.7	0.9	31.0	7.3		8.6
Q2	3.6	1.5	-2.2	1.8		5.8	0.4	1.6	-5.7	-0.9		3.5
Q3	1.1	1.7	-2.3	0.4		1.0	-1.3	1.5	-4.1	-1.4		-0.1
Q4	2.8	5.0	4.0	3.5		-1.1	2.3	6.3	-0.4	2.5		-3.3
2024
Q1	1.1	-0.5	-1.6	0.2		0.6	0.6	-4.1	2.8	0.1		1.0
Q2	2.3	3.2	-2.2	1.5		2.3	0.9	3.2	-4.0	0.3		1.3
Q3	0.1	0.7	3.9	1.0		1.1	0.1	1.1	2.4	0.8		0.8
Q4	2.1	1.6	-1.2	1.3		-0.7	1.8	2.6	-6.7	0.1		-1.8
2025
Q1	0.2	1.2	4.0	1.2		-5.7	0.3	-1.3	10.2	2.0		-5.6
¹Chain linked series not additive

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Table 5.6 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 5.6 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted									€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	Aircraft related to Leasing	R&D service imports and trade in IP
2019	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020	4,417	2,705	14,871	1,162	7,834	6,646	37,634	9,948	110,407
2021	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022	7,531	5,707	15,973	1,891	13,773	7,469	52,344	12,847	44,910
2023	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024	10,311	7,810	16,316	1,591	13,476	12,286	61,789	12,074	23,771

2019
Q1	959	699	3,091	333	2,851	1,627	9,559	3,502	4,721
Q2	1,015	683	3,407	341	n/a	n/a	9,156	n/a	n/a
Q3	1,253	808	4,503	381	n/a	n/a	11,236	n/a	n/a
Q4	1,117	691	5,228	450	n/a	n/a	11,364	n/a	n/a
	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020
Q1	1,163	491	3,621	375	n/a	n/a	9,546	n/a	n/a
Q2	683	550	2,351	193	n/a	n/a	7,214	n/a	n/a
Q3	1,159	774	4,214	216	2,341	1,806	10,510	2,369	11,007
Q4	1,411	889	4,685	378	1,898	1,102	10,363	4,167	23,399
	4,417	2,705	14,871	1,162	7,834	6,646	37,634	9,948	110,407
2021
Q1	911	871	2,593	331	2,940	1,908	9,555	2,287	6,152
Q2	1,096	1,303	3,126	359	2,114	1,843	9,841	3,205	6,975
Q3	1,058	1,358	4,479	331	2,237	1,766	11,231	1,698	7,728
Q4	1,346	1,582	5,227	450	2,618	1,324	12,548	3,492	24,294
	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022
Q1	1,500	1,251	3,234	416	3,343	2,120	11,865	2,311	8,153
Q2	1,969	1,371	3,610	437	n/a	n/a	13,918	n/a	n/a
Q3	2,011	1,482	4,525	590	n/a	n/a	13,981	n/a	n/a
Q4	2,051	1,603	4,604	448	2,412	1,462	12,580	4,992	13,749
	7,531	5,707	15,973	1,891	13,773	7,469	52,344	12,847	44,910
2023
Q1	2,146	1,902	3,730	376	4,274	3,407	15,835	2,769	8,724
Q2	2,260	1,868	3,950	370	3,812	2,722	14,982	4,035	9,943
Q3	2,758	1,991	4,595	394	3,651	2,271	15,660	2,698	9,805
Q4	2,752	2,201	4,421	421	3,014	2,469	15,277	4,864	26,004
	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024
Q1	2,123	1,849	3,233	335	4,272	3,859	15,671	787	8,608
Q2	2,365	1,781	3,877	381	n/a	n/a	14,800	n/a	n/a
Q3	3,276	2,046	4,575	374	3,110	2,949	16,330	3,905	10,754
Q4	2,547	2,134	4,632	500	n/a	n/a	14,988	n/a	n/a
	10,311	7,810	16,316	1,591	13,476	12,286	61,789	12,074	23,771
2025
Q1	2,287	2,151	3,943	401	3,961	3,586	16,329	2,737	22,592

Percentage change on corresponding period of previous year
2019	11.4	-10.6	15.2	8.4	-12.0	-11.8	0.4	5.1	267.7
2020	1.7	-6.1	-8.4	-22.8	-20.5	2.1	-8.9	-38.2	-18.9
2021	-0.1	89.1	3.7	26.7	26.5	2.9	14.7	7.4	-59.1
2022	70.7	11.6	3.5	28.4	39.0	9.2	21.2	20.3	-0.5
2023	31.7	39.5	4.5	-17.5	7.1	45.5	18.0	11.8	21.3
2024	4.0	-1.9	-2.3	2.0	-8.6	13.0	0.1	-16.0	-56.4

2019
Q1	18.3	-20.8	16.5	12.5	-16.0	-3.9	-1.8	54.6	29.1
Q2	3.2	-18.9	10.1	-1.0	n/a	n/a	-9.9	n/a	n/a
Q3	14.7	3.7	15.0	10.6	n/a	n/a	7.2	n/a	n/a
Q4	10.0	-4.1	18.3	11.6	n/a	n/a	5.3	n/a	n/a
2020
Q1	21.3	-29.8	17.1	12.7	n/a	n/a	-0.1	n/a	n/a
Q2	-32.7	-19.4	-31.0	-43.3	n/a	n/a	-21.2	n/a	n/a
Q3	-7.5	-4.1	-6.4	-43.3	n/a	n/a	-6.5	n/a	n/a
Q4	26.3	28.6	-10.4	-16.1	n/a	n/a	-8.8	n/a	n/a
2021
Q1	-21.7	77.5	-28.4	-11.6	n/a	n/a	0.1	n/a	n/a
Q2	60.4	136.8	33.0	86.1	n/a	n/a	36.4	n/a	n/a
Q3	-8.7	75.4	6.3	53.5	-4.4	-2.2	6.9	-28.3	-29.8
Q4	-4.6	77.9	11.6	19.0	38.0	20.2	21.1	-16.2	3.8
2022
Q1	64.7	43.7	24.7	25.4	13.7	11.1	24.2	1.0	32.5
Q2	79.7	5.2	15.5	21.5	n/a	n/a	41.4	n/a	n/a
Q3	90.0	9.1	1.0	78.1	n/a	n/a	24.5	n/a	n/a
Q4	52.3	1.3	-11.9	-0.5	-7.9	10.4	0.3	43.0	-43.4
2023
Q1	43.1	52.0	15.3	-9.6	27.8	60.7	33.5	19.8	7.0
Q2	14.8	36.3	9.4	-15.4	n/a	n/a	7.6	n/a	n/a
Q3	37.1	34.4	1.6	-33.3	n/a	n/a	12.0	n/a	n/a
Q4	34.2	37.3	-4.0	-6.0	25.0	68.8	21.4	-2.6	89.1
2024
Q1	-1.1	-2.8	-13.3	-10.8	-0.0	13.3	-1.0	-71.6	-1.3
Q2	4.6	-4.7	-1.9	3.0	n/a	n/a	-1.2	n/a	n/a
Q3	18.8	2.8	-0.5	-5.0	-14.8	29.8	4.3	44.7	9.7
Q4	-7.5	-3.0	4.8	19.0	n/a	n/a	-1.9	n/a	n/a
2025
Q1	7.7	16.4	22.0	19.7	-7.3	-7.1	4.2	247.8	162.5
n/a Data suppressed for confidentiality reasons

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Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted

Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted									€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	Aircraft related to Leasing	R&D service imports and trade in IP
2019	7,522	3,895	21,946	1,931	10,444	8,112	53,916	18,885	142,182
2020	7,238	3,552	19,529	1,475	8,573	8,098	48,258	11,528	119,965
2021	6,777	6,053	18,265	1,716	10,938	7,798	51,804	12,053	47,973
2022	9,338	5,997	16,782	1,962	14,159	7,817	56,021	13,658	45,645
2023	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024	9,499	7,584	15,843	1,490	13,240	11,477	59,133	11,731	22,557

2019
Q1	1,680	985	4,342	432	3,007	2,053	12,747	4,129	5,125
Q2	1,768	943	4,706	440	n/a	n/a	12,033	n/a	n/a
Q3	2,151	1,098	6,146	485	n/a	n/a	14,667	n/a	n/a
Q4	1,923	869	6,753	575	n/a	n/a	14,469	n/a	n/a
	7,522	3,895	21,946	1,931	10,444	8,112	53,916	18,885	142,182
2020
Q1	1,925	619	4,684	478	n/a	n/a	12,065	n/a	n/a
Q2	1,124	805	3,316	247	n/a	n/a	9,603	n/a	n/a
Q3	1,895	997	5,491	275	2,554	2,306	13,526	2,750	12,913
Q4	2,293	1,131	6,039	476	2,109	1,277	13,064	4,814	27,287
	7,238	3,552	19,529	1,475	8,573	8,098	48,258	11,528	119,965
2021
Q1	1,427	1,070	3,236	408	3,242	2,127	11,771	2,612	6,445
Q2	1,710	1,639	3,888	433	2,342	2,155	12,182	3,638	7,063
Q3	1,626	1,586	5,259	380	2,470	2,074	13,416	1,912	7,830
Q4	2,015	1,759	5,882	495	2,884	1,441	14,434	3,891	26,635
	6,777	6,053	18,265	1,716	10,938	7,798	51,804	12,053	47,973
2022
Q1	1,935	1,348	3,509	445	3,582	2,150	13,049	2,554	8,189
Q2	2,491	1,438	3,812	460	n/a	n/a	15,065	n/a	n/a
Q3	2,476	1,580	4,765	604	n/a	n/a	14,979	n/a	n/a
Q4	2,436	1,631	4,697	453	2,380	1,480	12,927	5,158	13,899
	9,338	5,997	16,782	1,962	14,159	7,817	56,021	13,658	45,645
2023
Q1	2,218	1,936	3,777	380	4,278	3,350	16,004	2,807	8,802
Q2	2,292	1,866	3,949	376	3,819	2,745	15,072	4,044	9,771
Q3	2,736	1,975	4,577	394	3,648	2,334	15,626	2,687	9,736
Q4	2,671	2,185	4,394	410	3,005	2,441	15,053	4,828	26,167
	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024
Q1	2,005	1,813	3,180	325	4,193	3,499	15,014	769	8,268
Q2	2,212	1,717	3,760	364	n/a	n/a	14,232	n/a	n/a
Q3	2,990	2,027	4,489	348	3,071	2,887	15,812	3,786	10,609
Q4	2,292	2,026	4,415	454	n/a	n/a	14,075	n/a	n/a
	9,499	7,584	15,843	1,490	13,240	11,477	59,133	11,731	22,557
2025
Q1	2,036	2,039	3,748	361	3,835	3,082	15,102	2,667	22,120

Percentage change on corresponding period of previous year
2019	13.4	-16.2	8.0	4.5	-10.5	-15.6	-2.7	4.0	253.1
2020	-3.8	-8.8	-11.0	-23.6	-17.9	-0.2	-10.5	-39.0	-15.6
2021	-6.4	70.4	-6.5	16.3	27.6	-3.7	7.3	4.6	-60.0
2022	37.8	-0.9	-8.1	14.3	29.5	0.3	8.1	13.3	-4.9
2023	6.2	32.8	-0.5	-20.5	4.2	39.0	10.2	5.2	19.3
2024	-4.2	-4.8	-5.1	-4.5	-10.2	5.6	-4.2	-18.3	-58.6

2019
Q1	18.0	-24.6	8.8	6.3	-14.7	-5.7	-4.5	53.1	31.5
Q2	4.9	-22.7	4.7	-4.8	n/a	n/a	-12.5	n/a	n/a
Q3	17.3	-2.1	9.2	7.1	n/a	n/a	4.6	n/a	n/a
Q4	13.7	-13.3	8.9	9.1	n/a	n/a	1.2	n/a	n/a
2020
Q1	14.6	-37.1	7.9	10.7	n/a	n/a	-5.3	n/a	n/a
Q2	-36.4	-14.7	-29.5	-43.9	n/a	n/a	-20.2	n/a	n/a
Q3	-11.9	-9.2	-10.7	-43.3	n/a	n/a	-7.8	n/a	n/a
Q4	19.2	30.1	-10.6	-17.2	n/a	n/a	-9.7	n/a	n/a
2021
Q1	-25.9	72.7	-30.9	-14.7	n/a	n/a	-2.4	n/a	n/a
Q2	52.1	103.6	17.2	75.5	n/a	n/a	26.9	n/a	n/a
Q3	-14.2	59.2	-4.2	38.5	-3.3	-10.0	-0.8	-30.5	-39.4
Q4	-12.1	55.5	-2.6	4.1	36.8	12.8	10.5	-19.2	-2.4
2022
Q1	35.6	26.1	8.4	9.2	10.5	1.1	10.9	-2.2	27.0
Q2	45.7	-12.2	-1.9	6.3	n/a	n/a	23.7	n/a	n/a
Q3	52.3	-0.4	-9.4	58.7	n/a	n/a	11.6	n/a	n/a
Q4	20.9	-7.3	-20.2	-8.6	-17.5	2.7	-10.4	32.6	-47.8
2023
Q1	14.6	43.6	7.6	-14.6	19.4	55.8	22.6	9.9	7.5
Q2	-8.0	29.8	3.6	-18.3	n/a	n/a	0.0	n/a	n/a
Q3	10.5	25.0	-3.9	-34.7	n/a	n/a	4.3	n/a	n/a
Q4	9.7	34.0	-6.5	-9.5	26.2	64.9	16.4	-6.4	88.3
2024
Q1	-9.6	-6.4	-15.8	-14.6	-2.0	4.4	-6.2	-72.6	-6.1
Q2	-3.5	-8.0	-4.8	-3.2	n/a	n/a	-5.6	n/a	n/a
Q3	9.3	2.6	-1.9	-11.8	-15.8	23.7	1.2	40.9	9.0
Q4	-14.2	-7.3	0.5	10.9	n/a	n/a	-6.5	n/a	n/a
2025
Q1	1.6	12.5	17.9	11.2	-8.5	-11.9	0.6	246.6	167.5
¹Chain linked series not additive
n/a Data suppressed for confidentiality reasons

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Table 5.8 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted

Table 5.8 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted								€million
	Current Market Prices				Constant Market Prices
Period	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation
2019
Q1	5,883	2,568	1,470	9,921	8,678	2,721	2,062	13,392
Q2	6,012	n/a	n/a	9,752	8,687	n/a	n/a	12,789
Q3	6,426	n/a	n/a	10,784	9,308	n/a	n/a	14,084
Q4	6,507	n/a	n/a	10,797	8,985	n/a	n/a	13,496
2020
Q1	6,549	n/a	n/a	9,894	8,987	n/a	n/a	12,732
Q2	4,179	n/a	n/a	7,647	6,100	n/a	n/a	10,195
Q3	5,838	2,391	1,836	10,066	8,109	2,603	2,316	12,987
Q4	6,525	2,164	1,296	9,985	8,837	2,387	1,283	12,299
2021
Q1	5,406	2,520	1,686	9,612	7,137	2,813	2,137	12,122
Q2	6,379	2,192	1,774	10,345	8,381	2,423	2,164	12,843
Q3	6,616	2,306	1,797	10,719	8,306	2,534	2,083	12,820
Q4	7,735	2,962	1,584	12,281	9,212	3,234	1,447	13,816
2022
Q1	7,251	2,836	1,853	11,940	8,309	3,067	2,160	13,505
Q2	7,965	n/a	n/a	14,427	8,712	n/a	n/a	15,634
Q3	7,897	n/a	n/a	13,440	8,649	n/a	n/a	14,352
Q4	7,981	2,837	1,774	12,592	8,406	2,818	1,487	12,619
2023
Q1	9,140	3,691	2,944	15,776	9,450	3,708	3,365	16,526
Q2	9,031	3,793	2,607	15,431	9,022	3,803	2,757	15,588
Q3	8,939	3,812	2,328	15,079	8,809	3,796	2,344	14,951
Q4	9,131	3,507	3,038	15,677	8,961	3,496	2,452	14,898
2024
Q1	8,493	3,644	3,290	15,427	8,241	3,570	3,499	15,310
Q2	8,852	n/a	n/a	15,092	8,548	n/a	n/a	14,695
Q3	9,391	3,256	3,038	15,685	8,957	3,205	2,887	15,049
Q4	9,216	n/a	n/a	15,493	8,635	n/a	n/a	14,044
2025
Q1	9,733	3,352	3,028	16,112	9,167	3,227	3,082	15,476

Percentage change on previous quarter
2019
Q1	3.2	n/a	n/a	-4.0	3.1	n/a	n/a	-0.4
Q2	2.2	n/a	n/a	-1.7	0.1	n/a	n/a	-4.5
Q3	6.9	n/a	n/a	10.6	7.2	n/a	n/a	10.1
Q4	1.3	n/a	n/a	0.1	-3.5	n/a	n/a	-4.2
2020
Q1	0.6	n/a	n/a	-8.4	0.0	n/a	n/a	-5.7
Q2	-36.2	n/a	n/a	-22.7	-32.1	n/a	n/a	-19.9
Q3	39.7	n/a	n/a	31.6	32.9	n/a	n/a	27.4
Q4	11.8	-9.5	-29.4	-0.8	9.0	-8.3	-44.6	-5.3
2021
Q1	-17.1	16.5	30.0	-3.7	-19.2	17.9	66.6	-1.4
Q2	18.0	-13.0	5.2	7.6	17.4	-13.9	1.3	5.9
Q3	3.7	5.2	1.3	3.6	-0.9	4.6	-3.7	-0.2
Q4	16.9	28.5	-11.9	14.6	10.9	27.6	-30.5	7.8
2022
Q1	-6.3	-4.2	17.0	-2.8	-9.8	-5.1	49.2	-2.3
Q2	9.8	n/a	n/a	20.8	4.8	n/a	n/a	15.8
Q3	-0.8	n/a	n/a	-6.8	-0.7	n/a	n/a	-8.2
Q4	1.1	n/a	n/a	-6.3	-2.8	n/a	n/a	-12.1
2023
Q1	14.5	30.1	66.0	25.3	12.4	31.6	126.3	31.0
Q2	-1.2	2.8	-11.5	-2.2	-4.5	2.6	-18.1	-5.7
Q3	-1.0	0.5	-10.7	-2.3	-2.4	-0.2	-15.0	-4.1
Q4	2.1	-8.0	30.5	4.0	1.7	-7.9	4.6	-0.4
2024
Q1	-7.0	3.9	8.3	-1.6	-8.0	2.1	42.7	2.8
Q2	4.2	n/a	n/a	-2.2	3.7	n/a	n/a	-4.0
Q3	6.1	n/a	n/a	3.9	4.8	n/a	n/a	2.4
Q4	-1.9	n/a	n/a	-1.2	-3.6	n/a	n/a	-6.7
2025
Q1	5.6	n/a	n/a	4.0	6.2	n/a	n/a	10.2
¹Chain linked series not additive
²The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
n/a Data suppressed for confidentiality reasons

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Quarterly National Accounts Quarter 1 2025 Final

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Modified Domestic Demand increased by 2.0% in Q1 2025

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