Table 3.1 Expenditure Components of GDP1, Q1 20252 | ||
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 |
Gross Domestic Fixed Capital Formation | 43,375 | 70.7 |
Net Exports | 62,231 | |
Exports of Goods and Services | 219,498 | 9.6 |
Less Imports of Goods and Services | -157,267 | 14.0 |
Gross Domestic Product | 152,928 | 7.4 |
1Series not additive, Value of Physical Changes in Stocks not shown on table (see Table 3.5 for full detail) | ||
2Constant Market Prices, chain linked annually and referenced to year 2023 and seasonally adjusted |
On the expenditure side of the accounts (Table 3.5), Capital Investment increased by €12.7 billion in Q1 compared with the previous quarter and accounted for 41.4% of total domestic demand in Q1 2025.
Personal Consumption Expenditure increased by 0.3% in Q1 2025 compared to Q4 2024, while Government Expenditure decreased by 1.3% over the same period. There was an overall increase in real GDP of 7.4%.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2023 | 38.3751919036 | 12.8330145257 | 31.1052065297 | 0.8237170709 | 50.5779873899 | 133.0047177253 |
Q2 2023 | 38.5181222499 | 13.0429262727 | 28.8641170746 | 3.5361399697 | 48.6424980662 | 134.1834659832 |
Q3 2023 | 38.0118277853 | 13.2325491486 | 27.4519095103 | 4.3061947945 | 46.7639494805 | 130.2773300133 |
Q4 2023 | 38.9026322889 | 14.0698903981 | 43.3262361431 | 0.6216971379 | 27.9056970075 | 127.1653157594 |
Q1 2024 | 39.1338908516 | 13.4919705585 | 27.4909236477 | 1.0912413682 | 49.0691380624 | 129.2472793831 |
Q2 2024 | 39.492942713 | 13.9246178338 | 10.9765904986 | 1.8231866632 | 63.2195431896 | 130.302689798 |
Q3 2024 | 39.536819982 | 14.0819798811 | 29.5812467263 | 1.8424908712 | 47.792937476 | 136.2522593283 |
Q4 2024 | 40.2326428969 | 14.4519242839 | 25.4157664656 | 0.5005761802 | 62.3382231141 | 142.4002893466 |
Q1 2025 | 40.3562902744 | 14.2616171499 | 43.3746496048 | -4.7371180678 | 62.230840412 | 152.9279175222 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2023 | 9.4500266898 | 7.3752994912 | 14.3445843873 | 31.1052065297 |
Q2 2023 | 9.0215453432 | 7.6027400683 | 12.3328308279 | 28.8641170746 |
Q3 2023 | 8.8091848 | 7.0039035606 | 11.7377762578 | 27.4519095103 |
Q4 2023 | 8.9613189276 | 7.1659405464 | 26.9423183572 | 43.3262361431 |
Q1 2024 | 8.240974787 | 5.2848420884 | 13.9651067722 | 27.4909236477 |
Q2 2024 | 8.5484954539 | 7.5820133937 | -5.153918349 | 10.9765904986 |
Q3 2024 | 8.9568420311 | 7.4852995478 | 13.1391051473 | 29.5812467263 |
Q4 2024 | 8.6350349695 | 4.6135452064 | 12.1671862897 | 25.4157664656 |
Q1 2025 | 9.1671575649 | 6.8877036544 | 27.3197883853 | 43.3746496048 |
Get the data: NAQ04
On the expenditure side of the accounts (Table 3.3), Capital Investment increased by €10.0 billion compared to the same quarter of 2024. Personal Consumption Expenditure showed an increase of 3.0% while Government Expenditure grew by 5.2% over the same period. Exports of Goods and Services increased by 21.6% (or €38.2 billion) while Imports of Goods and Services increased by 17.4% (or €21.9 billion) over the same period. Net Exports therefore increased by 32.2% (or €16.3 billion) year-on-year.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2025 Updates Tables (XLS 56KB)
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