You are here: Home / Statistics / Quarterly National Accounts Quarter 1 2025 Final / GDP - Expenditure

Quarterly National Accounts Quarter 1 2025 Final

GDP - Expenditure

Personal Consumption Expenditure increased by 0.3% in Q1 2025

Online ISSN: 2009-5775

CSO statistical release, 08 July 2025, 11am

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

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.1 (XLS 11KB)

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

Comparisons with Q1 2024

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.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

Table 3.2 Expenditure on Gross National Product at Current Market Prices										€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	Statistical Discrepancy	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2019	112,422	36,078	193,555	1,788	477,333	-459,886	2,463	363,753	-90,450	273,303
2020	102,101	40,725	157,989	4,594	533,702	-454,137	-3,245	381,729	-103,801	277,928
2021	114,296	44,493	99,007	4,279	611,669	-424,385	-914	448,445	-128,946	319,499
2022	135,461	48,314	110,101	9,061	726,434	-511,603	2,951	520,718	-165,125	355,594
2023	153,926	53,217	130,596	9,288	716,393	-541,118	2,426	524,729	-133,977	390,752
2024	164,748	57,298	97,634	5,067	810,337	-575,093	2,804	562,794	-140,608	422,186

2019
Q1	27,191	8,728	17,782	1,036	111,388	-79,404	464	87,185	-22,289	64,897
Q2	27,295	8,988	60,983	-318	115,920	-126,318	240	86,790	-24,073	62,717
Q3	27,974	9,208	21,860	1,174	120,395	-86,639	-257	93,714	-22,830	70,884
Q4	29,962	9,155	92,929	-105	129,630	-167,525	2,016	96,063	-21,258	74,805
2020
Q1	26,208	9,291	79,024	2,067	131,539	-152,908	263	95,483	-25,126	70,358
Q2	22,279	10,270	17,149	1,267	121,390	-84,378	-1,264	86,712	-24,433	62,279
Q3	26,305	10,334	23,887	485	128,691	-86,317	-1,727	101,658	-31,089	70,569
Q4	27,309	10,830	37,929	775	152,083	-130,534	-517	97,875	-23,153	74,722
2021
Q1	25,269	10,662	17,994	1,811	139,419	-87,834	-306	107,015	-34,867	72,148
Q2	27,120	11,150	20,022	261	147,451	-98,024	-1,347	106,633	-33,284	73,350
Q3	29,744	11,349	20,657	3,162	154,990	-100,441	-919	118,543	-33,322	85,221
Q4	32,163	11,332	40,334	-955	169,809	-138,086	1,658	116,254	-27,474	88,780
2022
Q1	31,131	11,565	22,329	1,520	164,845	-109,231	376	122,535	-40,073	82,462
Q2	32,625	11,853	26,695	4,796	176,848	-125,067	-1,977	125,773	-38,322	87,451
Q3	34,277	11,959	29,756	2,625	190,143	-132,436	1,565	137,890	-45,895	91,996
Q4	37,428	12,936	31,321	120	194,597	-144,869	2,986	134,520	-40,834	93,686
2023
Q1	36,028	12,678	27,327	878	181,962	-125,295	-1,618	131,960	-44,680	87,280
Q2	37,674	13,130	28,960	3,574	175,240	-129,369	531	129,739	-33,591	96,148
Q3	38,401	13,130	28,163	4,004	175,189	-126,010	1,212	134,089	-32,048	102,041
Q4	41,823	14,280	46,145	832	184,003	-160,443	2,301	128,941	-23,657	105,283
2024
Q1	39,178	13,653	25,066	1,148	182,806	-128,870	-60	132,921	-35,063	97,858
Q2	40,568	14,382	11,546	1,736	210,064	-144,962	1,859	135,196	-28,975	106,220
Q3	40,803	14,223	30,989	1,780	197,367	-143,029	1,308	143,440	-33,862	109,579
Q4	44,199	15,039	30,033	403	220,100	-158,232	-303	151,237	-42,708	108,529
2025
Q1	41,014	14,583	41,658	-4,649	228,342	-154,498	609	167,059	-67,116	99,944

Percentage change on corresponding period of previous year
2019	4.6	9.1	107.0		13.1	42.2		8.5		8.0
2020	-9.2	12.9	-18.4		11.8	-1.3		4.9		1.7
2021	11.9	9.3	-37.3		14.6	-6.6		17.5		15.0
2022	18.5	8.6	11.2		18.8	20.6		16.1		11.3
2023	13.6	10.1	18.6		-1.4	5.8		0.8		9.9
2024	7.0	7.7	-25.2		13.1	6.3		7.3		8.0

2019
Q1	4.6	8.5	13.6		15.1	19.9		7.2		6.1
Q2	5.0	9.4	249.1		11.8	70.3		7.6		2.3
Q3	4.3	8.2	12.1		12.4	12.4		9.2		7.3
Q4	4.4	10.4	127.4		13.1	58.2		10.0		15.7
2020
Q1	-3.6	6.5	344.4		18.1	92.6		9.5		8.4
Q2	-18.4	14.3	-71.9		4.7	-33.2		-0.1		-0.7
Q3	-6.0	12.2	9.3		6.9	-0.4		8.5		-0.4
Q4	-8.9	18.3	-59.2		17.3	-22.1		1.9		-0.1
2021
Q1	-3.6	14.8	-77.2		6.0	-42.6		12.1		2.5
Q2	21.7	8.6	16.8		21.5	16.2		23.0		17.8
Q3	13.1	9.8	-13.5		20.4	16.4		16.6		20.8
Q4	17.8	4.6	6.3		11.7	5.8		18.8		18.8
2022
Q1	23.2	8.5	24.1		18.2	24.4		14.5		14.3
Q2	20.3	6.3	33.3		19.9	27.6		17.9		19.2
Q3	15.2	5.4	44.0		22.7	31.9		16.3		7.9
Q4	16.4	14.2	-22.3		14.6	4.9		15.7		5.5
2023
Q1	15.7	9.6	22.4		10.4	14.7		7.7		5.8
Q2	15.5	10.8	8.5		-0.9	3.4		3.2		9.9
Q3	12.0	9.8	-5.4		-7.9	-4.9		-2.8		10.9
Q4	11.7	10.4	47.3		-5.4	10.8		-4.1		12.4
2024
Q1	8.7	7.7	-8.3		0.5	2.9		0.7		12.1
Q2	7.7	9.5	-60.1		19.9	12.1		4.2		10.5
Q3	6.3	8.3	10.0		12.7	13.5		7.0		7.4
Q4	5.7	5.3	-34.9		19.6	-1.4		17.3		3.1
2025
Q1	4.7	6.8	66.2		24.9	19.9		25.7		2.1

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.2 (XLS 20KB)

Visit Table NAQ03 on PxStat

Visit Table NAQ04 on PxStat

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2023)¹

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2023)¹									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2019	134,038	41,566	223,286	1,668	518,072	-506,170	401,983	-97,684	305,914
2020	121,518	46,365	186,513	4,742	588,306	-507,130	430,740	-114,225	317,898
2021	132,360	49,439	112,093	4,519	665,618	-460,398	500,771	-140,492	361,583
2022	146,605	50,683	115,202	8,895	745,664	-529,319	538,384	-172,776	366,169
2023	153,926	53,217	130,596	9,288	716,393	-541,118	524,729	-133,977	390,752
2024	158,459	56,048	93,421	5,257	777,771	-555,653	538,369	-134,707	403,662

2019
Q1	32,614	10,141	21,117	971	119,577	-87,655	95,715	-23,823	72,247
Q2	32,470	10,287	71,112	-239	126,589	-139,938	97,405	-26,148	71,520
Q3	33,355	10,731	25,408	1,056	130,197	-96,097	104,005	-24,575	79,884
Q4	35,599	10,406	105,649	-120	141,708	-182,481	104,858	-23,138	82,263
2020
Q1	30,911	10,470	90,951	1,926	141,019	-168,534	103,998	-26,850	77,508
Q2	26,597	11,784	20,216	1,514	134,224	-93,023	99,800	-26,921	73,183
Q3	31,337	11,906	28,923	509	145,290	-97,023	116,211	-34,994	81,438
Q4	32,674	12,204	46,423	793	167,772	-148,549	110,731	-25,459	85,769
2021
Q1	29,731	12,250	20,500	1,859	151,312	-95,768	118,884	-37,851	81,166
Q2	31,563	12,376	22,596	224	165,316	-107,381	122,488	-37,271	85,421
Q3	34,402	12,094	22,807	3,338	168,994	-108,271	132,215	-36,286	96,305
Q4	36,664	12,719	46,190	-903	179,995	-148,978	127,184	-29,084	98,691
2022
Q1	34,683	12,064	23,601	1,550	171,695	-116,224	127,670	-42,557	85,185
Q2	35,412	12,572	28,200	4,703	183,674	-130,347	131,793	-40,549	91,448
Q3	36,879	12,890	31,217	2,556	193,947	-135,014	141,833	-47,694	94,202
Q4	39,631	13,158	32,184	85	196,348	-147,734	137,088	-41,975	95,333
2023
Q1	37,636	12,435	27,471	824	179,969	-125,691	130,787	-44,234	86,725
Q2	37,823	13,002	28,774	3,536	176,799	-130,282	130,697	-33,880	96,826
Q3	37,483	13,062	27,944	4,306	177,765	-125,779	135,161	-32,495	102,633
Q4	40,984	14,718	46,407	622	181,860	-159,366	128,084	-23,368	104,568
2024
Q1	38,287	13,003	24,051	1,091	176,666	-126,031	127,278	-33,830	93,448
Q2	38,955	13,905	11,120	1,823	202,325	-140,600	127,631	-27,886	99,745
Q3	38,745	13,891	30,207	1,842	191,224	-138,150	140,564	-32,764	107,800
Q4	42,472	15,249	28,043	501	207,556	-150,871	142,896	-40,226	102,670
2025
Q1	39,441	13,681	39,888	-4,737	214,898	-147,971	152,783	-62,961	89,822

Percentage change on corresponding period of previous year
2019	2.9	5.8	99.7		11.0	40.4	5.0		4.0
2020	-9.3	11.5	-16.5		13.6	0.2	7.2		3.9
2021	8.9	6.6	-39.9		13.1	-9.2	16.3		13.7
2022	10.8	2.5	2.8		12.0	15.0	7.5		1.3
2023	5.0	5.0	13.4		-3.9	2.2	-2.5		6.7
2024	2.9	5.3	-28.5		8.6	2.7	2.6		3.3

2019
Q1	3.0	7.2	12.5		12.2	17.2	3.8		2.7
Q2	3.3	4.9	241.7		9.9	67.8	4.1		-1.3
Q3	2.8	5.9	9.5		10.9	13.7	6.0		3.8
Q4	2.5	5.4	115.4		11.2	54.7	5.8		10.7
2020
Q1	-5.2	3.2	330.7		17.9	92.3	8.7		7.3
Q2	-18.1	14.6	-71.6		6.0	-33.5	2.5		2.3
Q3	-6.1	10.9	13.8		11.6	1.0	11.7		1.9
Q4	-8.2	17.3	-56.1		18.4	-18.6	5.6		4.3
2021
Q1	-3.8	17.0	-77.5		7.3	-43.2	14.3		4.7
Q2	18.7	5.0	11.8		23.2	15.4	22.7		16.7
Q3	9.8	1.6	-21.1		16.3	11.6	13.8		18.3
Q4	12.2	4.2	-0.5		7.3	0.3	14.9		15.1
2022
Q1	16.7	-1.5	15.1		13.5	21.4	7.4		5.0
Q2	12.2	1.6	24.8		11.1	21.4	7.6		7.1
Q3	7.2	6.6	36.9		14.8	24.7	7.3		-2.2
Q4	8.1	3.5	-30.3		9.1	-0.8	7.8		-3.4
2023
Q1	8.5	3.1	16.4		4.8	8.1	2.4		1.8
Q2	6.8	3.4	2.0		-3.7	-0.1	-0.8		5.9
Q3	1.6	1.3	-10.5		-8.3	-6.8	-4.7		9.0
Q4	3.4	11.9	44.2		-7.4	7.9	-6.6		9.7
2024
Q1	1.7	4.6	-12.4		-1.8	0.3	-2.7		7.8
Q2	3.0	6.9	-61.4		14.4	7.9	-2.3		3.0
Q3	3.4	6.3	8.1		7.6	9.8	4.0		5.0
Q4	3.6	3.6	-39.6		14.1	-5.3	11.6		-1.8
2025
Q1	3.0	5.2	65.8		21.6	17.4	20.0		-3.9
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.3 (XLS 21KB)

Visit Table NAQ03 on PxStat

Visit Table NAQ04 on PxStat

Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted

Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2019
Q1	27,665	8,834	19,359	1,036	113,095	-82,453	87,191	-21,408	65,783
Q2	27,967	8,977	61,688	-318	117,088	-127,071	89,569	-23,781	65,788
Q3	28,107	9,140	21,863	1,174	120,597	-89,051	92,143	-21,850	70,294
Q4	28,632	9,117	90,370	-105	125,836	-160,681	94,949	-23,457	71,493
2020
Q1	26,735	9,412	80,859	2,067	132,872	-156,923	94,593	-24,256	70,338
Q2	22,770	10,242	17,718	1,267	122,978	-85,312	89,329	-24,280	65,049
Q3	26,403	10,301	23,857	485	129,316	-88,616	100,200	-29,597	70,603
Q4	26,082	10,743	35,329	775	147,469	-120,777	98,928	-25,739	73,189
2021
Q1	25,845	10,810	19,807	1,811	142,262	-93,466	106,411	-33,943	72,468
Q2	27,699	11,103	20,622	261	149,711	-99,126	109,717	-33,369	76,348
Q3	29,867	11,382	20,547	3,162	154,983	-103,407	115,970	-31,255	84,715
Q4	30,677	11,171	37,662	-955	162,906	-126,215	116,738	-30,398	86,339
2022
Q1	31,913	11,742	24,441	1,520	168,630	-115,901	122,024	-39,195	82,830
Q2	33,255	11,796	27,134	4,796	179,733	-125,982	129,343	-38,566	90,776
Q3	34,481	12,053	29,673	2,625	190,667	-136,167	134,472	-43,312	91,161
Q4	35,655	12,689	28,819	120	187,480	-133,030	135,011	-44,088	90,923
2023
Q1	36,976	12,879	29,513	878	184,340	-133,161	130,156	-43,773	86,382
Q2	38,308	13,066	29,157	3,574	177,898	-129,833	133,073	-34,035	99,038
Q3	38,712	13,286	28,117	4,004	175,522	-130,309	131,288	-29,050	102,238
Q4	39,812	13,947	43,961	832	176,467	-147,033	130,114	-27,102	103,013
2024
Q1	40,239	13,879	27,227	1,148	185,225	-137,603	130,024	-34,211	95,813
Q2	41,169	14,320	11,418	1,736	211,912	-144,545	137,943	-29,509	108,434
Q3	41,208	14,418	30,944	1,780	198,309	-147,013	141,577	-30,599	110,978
Q4	42,062	14,655	27,939	403	214,754	-146,126	153,524	-46,298	107,226
2025
Q1	42,145	14,833	43,914	-4,649	228,438	-163,637	161,268	-66,264	95,004

Percentage change on previous quarter
2019
Q1	0.9	6.8	-50.0		3.8	-17.2	2.9		9.3
Q2	1.1	1.6	218.6		3.5	54.1	2.7		0.0
Q3	0.5	1.8	-64.6		3.0	-29.9	2.9		6.8
Q4	1.9	-0.2	313.3		4.3	80.4	3.0		1.7
2020
Q1	-6.6	3.2	-10.5		5.6	-2.3	-0.4		-1.6
Q2	-14.8	8.8	-78.1		-7.4	-45.6	-5.6		-7.5
Q3	16.0	0.6	34.6		5.2	3.9	12.2		8.5
Q4	-1.2	4.3	48.1		14.0	36.3	-1.3		3.7
2021
Q1	-0.9	0.6	-43.9		-3.5	-22.6	7.6		-1.0
Q2	7.2	2.7	4.1		5.2	6.1	3.1		5.4
Q3	7.8	2.5	-0.4		3.5	4.3	5.7		11.0
Q4	2.7	-1.9	83.3		5.1	22.1	0.7		1.9
2022
Q1	4.0	5.1	-35.1		3.5	-8.2	4.5		-4.1
Q2	4.2	0.5	11.0		6.6	8.7	6.0		9.6
Q3	3.7	2.2	9.4		6.1	8.1	4.0		0.4
Q4	3.4	5.3	-2.9		-1.7	-2.3	0.4		-0.3
2023
Q1	3.7	1.5	2.4		-1.7	0.1	-3.6		-5.0
Q2	3.6	1.5	-1.2		-3.5	-2.5	2.2		14.7
Q3	1.1	1.7	-3.6		-1.3	0.4	-1.3		3.2
Q4	2.8	5.0	56.3		0.5	12.8	-0.9		0.8
2024
Q1	1.1	-0.5	-38.1		5.0	-6.4	-0.1		-7.0
Q2	2.3	3.2	-58.1		14.4	5.0	6.1		13.2
Q3	0.1	0.7	171.0		-6.4	1.7	2.6		2.3
Q4	2.1	1.6	-9.7		8.3	-0.6	8.4		-3.4
2025
Q1	0.2	1.2	57.2		6.4	12.0	5.0		-11.4

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.4 (XLS 18KB)

Visit Table NAQ03 on PxStat

Visit Table NAQ04 on PxStat

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2019
Q1	33,088	10,281	23,589	971	123,775	-91,166	97,791	-22,548	75,703
Q2	33,529	10,362	72,463	-239	126,985	-141,210	99,558	-25,347	74,552
Q3	33,567	10,646	25,350	1,056	130,260	-99,577	101,629	-25,020	77,003
Q4	33,993	10,345	101,507	-120	135,094	-172,675	103,084	-24,866	78,645
2020
Q1	31,337	10,619	93,837	1,926	146,577	-173,219	106,478	-25,369	81,557
Q2	27,457	11,844	21,365	1,514	134,987	-94,397	101,887	-26,077	76,175
Q3	31,374	11,881	28,745	509	145,338	-100,279	113,775	-35,473	78,482
Q4	31,129	12,057	42,348	793	160,452	-137,138	110,857	-27,423	83,865
2021
Q1	30,168	12,457	23,538	1,859	156,378	-101,072	121,639	-36,114	85,758
Q2	32,400	12,421	23,599	224	166,566	-108,769	125,022	-36,471	88,818
Q3	34,462	12,151	22,453	3,338	168,717	-112,047	128,495	-36,638	92,167
Q4	34,926	12,423	42,149	-903	171,771	-136,366	126,219	-31,347	95,369
2022
Q1	35,250	12,356	27,079	1,550	177,263	-123,201	131,135	-40,664	90,663
Q2	36,223	12,614	28,660	4,703	185,602	-131,147	134,888	-39,721	95,445
Q3	37,166	13,002	30,845	2,556	193,317	-139,596	137,143	-47,889	89,247
Q4	37,721	12,715	28,658	85	188,558	-134,128	135,368	-44,549	90,917
2023
Q1	38,375	12,833	31,105	824	184,478	-133,900	133,005	-42,180	90,956
Q2	38,518	13,043	28,864	3,536	179,016	-130,374	134,183	-33,104	101,061
Q3	38,012	13,233	27,452	4,306	176,523	-129,759	130,277	-32,499	97,766
Q4	38,903	14,070	43,326	622	174,210	-146,304	127,165	-26,177	100,888
2024
Q1	39,134	13,492	27,491	1,091	183,931	-134,862	129,247	-31,801	97,446
Q2	39,493	13,925	10,977	1,823	203,717	-140,498	130,303	-27,083	103,219
Q3	39,537	14,082	29,581	1,842	190,211	-142,418	136,252	-32,635	103,617
Q4	40,233	14,452	25,416	501	200,256	-137,917	142,400	-43,246	99,154
2025
Q1	40,356	14,262	43,375	-4,737	219,498	-157,267	152,928	-60,922	92,006

Percentage change on previous quarter
2019
Q1	-0.1	4.5	-47.8		1.4	-17.0	0.9		7.5
Q2	1.3	0.8	207.2		2.6	54.9	1.8		-1.5
Q3	0.1	2.7	-65.0		2.6	-29.5	2.1		3.3
Q4	1.3	-2.8	300.4		3.7	73.4	1.4		2.1
2020
Q1	-7.8	2.6	-7.6		8.5	0.3	3.3		3.7
Q2	-12.4	11.5	-77.2		-7.9	-45.5	-4.3		-6.6
Q3	14.3	0.3	34.5		7.7	6.2	11.7		3.0
Q4	-0.8	1.5	47.3		10.4	36.8	-2.6		6.9
2021
Q1	-3.1	3.3	-44.4		-2.5	-26.3	9.7		2.3
Q2	7.4	-0.3	0.3		6.5	7.6	2.8		3.6
Q3	6.4	-2.2	-4.9		1.3	3.0	2.8		3.8
Q4	1.3	2.2	87.7		1.8	21.7	-1.8		3.5
2022
Q1	0.9	-0.5	-35.8		3.2	-9.7	3.9		-4.9
Q2	2.8	2.1	5.8		4.7	6.4	2.9		5.3
Q3	2.6	3.1	7.6		4.2	6.4	1.7		-6.5
Q4	1.5	-2.2	-7.1		-2.5	-3.9	-1.3		1.9
2023
Q1	1.7	0.9	8.5		-2.2	-0.2	-1.7		0.0
Q2	0.4	1.6	-7.2		-3.0	-2.6	0.9		11.1
Q3	-1.3	1.5	-4.9		-1.4	-0.5	-2.9		-3.3
Q4	2.3	6.3	57.8		-1.3	12.8	-2.4		3.2
2024
Q1	0.6	-4.1	-36.5		5.6	-7.8	1.6		-3.4
Q2	0.9	3.2	-60.1		10.8	4.2	0.8		5.9
Q3	0.1	1.1	169.5		-6.6	1.4	4.6		0.4
Q4	1.8	2.6	-14.1		5.3	-3.2	4.5		-4.3
2025
Q1	0.3	-1.3	70.7		9.6	14.0	7.4		-7.2
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.5 (XLS 20KB)

Visit Table NAQ03 on PxStat

Visit Table NAQ04 on PxStat

Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 3.6 Components of 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	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2019	4,344	2,880	16,229	1,505	25,935	17,279	142,663	193,555
2020	4,417	2,705	14,871	1,162	17,782	10,168	117,053	157,989
2021	4,412	5,114	15,426	1,472	20,591	11,284	51,991	99,007
2022	7,531	5,707	15,973	1,891	26,620	14,391	52,379	110,101
2023	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024	10,311	7,810	16,316	1,591	25,550	12,509	36,057	97,634

2019
Q1	959	699	3,091	333	6,353	3,618	6,348	17,782
Q2	1,015	683	3,407	341	6,114	4,259	49,424	60,983
Q3	1,253	808	4,503	381	6,203	4,241	8,712	21,860
Q4	1,117	691	5,228	450	7,264	5,161	78,178	92,929
	4,344	2,880	16,229	1,505	25,935	17,279	142,663	193,555
2020
Q1	1,163	491	3,621	375	n/a¹	n/a¹	n/a¹	79,024
Q2	683	550	2,351	193	n/a¹	n/a¹	n/a¹	17,149
Q3	1,159	774	4,214	216	4,710	2,469	12,813	23,887
Q4	1,411	889	4,685	378	6,065	4,355	24,501	37,929
	4,417	2,705	14,871	1,162	17,782	10,168	117,053	157,989
2021
Q1	911	871	2,593	331	5,227	2,769	8,060	17,994
Q2	1,096	1,303	3,126	359	5,319	3,186	8,818	20,022
Q3	1,058	1,358	4,479	331	3,935	1,390	9,495	20,657
Q4	1,346	1,582	5,227	450	6,110	3,938	25,618	40,334
	4,412	5,114	15,426	1,472	20,591	11,284	51,991	99,007
2022
Q1	1,500	1,251	3,234	416	5,654	2,882	10,273	22,329
Q2	1,969	1,371	3,610	437	7,085	3,388	12,223	26,695
Q3	2,011	1,482	4,525	590	6,477	3,314	14,671	29,756
Q4	2,051	1,603	4,604	448	7,404	4,808	15,212	31,321
	7,531	5,707	15,973	1,891	26,620	14,391	52,379	110,101
2023
Q1	2,146	1,902	3,730	376	7,043	3,098	12,130	27,327
Q2	2,260	1,868	3,950	370	7,847	4,424	12,665	28,960
Q3	2,758	1,991	4,595	394	6,349	2,734	12,076	28,163
Q4	2,752	2,201	4,421	421	7,878	5,001	28,473	46,145
	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024
Q1	2,123	1,849	3,233	335	5,059	1,012	12,467	25,066
Q2	2,365	1,781	3,877	381	8,120	4,842	-4,977	11,546
Q3	3,276	2,046	4,575	374	7,015	3,925	13,703	30,989
Q4	2,547	2,134	4,632	500	5,356	2,730	14,864	30,033
	10,311	7,810	16,316	1,591	25,550	12,509	36,057	97,634
2025
Q1	2,287	2,151	3,943	401	6,698	2,935	26,178	41,658

Percentage change on corresponding period of previous year
2019	11.4	-10.6	15.2	8.4	-2.1	0.7	221.2	107.0
2020	1.7	-6.1	-8.4	-22.8	-31.4	-41.2	-18.0	-18.4
2021	-0.1	89.1	3.7	26.7	15.8	11.0	-55.6	-37.3
2022	70.7	11.6	3.5	28.4	29.3	27.5	0.7	11.2
2023	31.7	39.5	4.5	-17.5	9.4	6.0	24.8	18.6
2024	4.0	-1.9	-2.3	2.0	-12.2	-18.0	-44.8	-25.2

2019
Q1	18.3	-20.8	16.5	12.5	12.2	28.3	18.6	13.6
Q2	3.2	-18.9	10.1	-1.0	3.4	23.0	685.7	249.1
Q3	14.7	3.7	15.0	10.6	-4.2	-1.3	26.3	12.1
Q4	10.0	-4.1	18.3	11.6	-13.9	-21.5	202.2	127.4
2020
Q1	21.3	-29.8	17.1	12.7	n/a¹	n/a¹	n/a¹	344.4
Q2	-32.7	-19.4	-31.0	-43.3	n/a¹	n/a¹	n/a¹	-71.9
Q3	-7.5	-4.1	-6.4	-43.3	-24.1	-41.8	47.1	9.3
Q4	26.3	28.6	-10.4	-16.1	-16.5	-15.6	-68.7	-59.2
2021
Q1	-21.7	77.5	-28.4	-11.6	n/a¹	n/a¹	n/a¹	-77.2
Q2	60.4	136.8	33.0	86.1	n/a¹	n/a¹	n/a¹	16.8
Q3	-8.7	75.4	6.3	53.5	-16.5	-43.7	-25.9	-13.5
Q4	-4.6	77.9	11.6	19.0	0.7	-9.6	4.6	6.3
2022
Q1	64.7	43.7	24.7	25.4	8.2	4.1	27.5	24.1
Q2	79.7	5.2	15.5	21.5	33.2	6.3	38.6	33.3
Q3	90.0	9.1	1.0	78.1	64.6	138.4	54.5	44.0
Q4	52.3	1.3	-11.9	-0.5	21.2	22.1	-40.6	-22.3
2023
Q1	43.1	52.0	15.3	-9.6	24.6	7.5	18.1	22.4
Q2	14.8	36.3	9.4	-15.4	10.7	30.6	3.6	8.5
Q3	37.1	34.4	1.6	-33.3	-2.0	-17.5	-17.7	-5.4
Q4	34.2	37.3	-4.0	-6.0	6.4	4.0	87.2	47.3
2024
Q1	-1.1	-2.8	-13.3	-10.8	-28.2	-67.3	2.8	-8.3
Q2	4.6	-4.7	-1.9	3.0	3.5	9.5	..²	-60.1
Q3	18.8	2.8	-0.5	-5.0	10.5	43.6	13.5	10.0
Q4	-7.5	-3.0	4.8	19.0	-32.0	-45.4	-47.8	-34.9
2025
Q1	7.7	16.4	22.0	19.7	32.4	190.1	110.0	66.2
¹Data suppressed for confidentiality reasons
²Percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.6 (XLS 20KB)

Visit Table NAQ04 on PxStat

Visit Table NAQ10 on PxStat

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted

Table 3.7 Components of 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	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2019	7,522	3,895	21,946	1,931	29,016	20,275	151,943	223,286
2020	7,238	3,552	19,529	1,475	20,031	11,782	129,273	186,513
2021	6,777	6,053	18,265	1,716	22,976	12,729	55,828	112,093
2022	9,338	5,997	16,782	1,962	27,820	15,296	53,493	115,202
2023	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024	9,499	7,584	15,843	1,490	24,971	12,153	34,034	93,421

2019
Q1	1,680	985	4,342	432	7,120	4,264	6,977	21,117
Q2	1,768	943	4,706	440	6,805	5,009	53,346	71,112
Q3	2,151	1,098	6,146	485	6,899	4,978	9,350	25,408
Q4	1,923	869	6,753	575	8,193	6,024	82,271	105,649
	7,522	3,895	21,946	1,931	29,016	20,275	151,943	223,286
2020
Q1	1,925	619	4,684	478	n/a²	n/a²	n/a²	90,951
Q2	1,124	805	3,316	247	n/a²	n/a²	n/a²	20,216
Q3	1,895	997	5,491	275	5,315	2,865	15,140	28,923
Q4	2,293	1,131	6,039	476	6,813	5,031	28,922	46,423
	7,238	3,552	19,529	1,475	20,031	11,782	129,273	186,513
2021
Q1	1,427	1,070	3,236	408	5,876	3,161	8,479	20,500
Q2	1,710	1,639	3,888	433	5,947	3,616	9,132	22,596
Q3	1,626	1,586	5,259	380	4,401	1,565	9,839	22,807
Q4	2,015	1,759	5,882	495	6,751	4,387	28,378	46,190
	6,777	6,053	18,265	1,716	22,976	12,729	55,828	112,093
2022
Q1	1,935	1,348	3,509	445	6,146	3,173	10,301	23,601
Q2	2,491	1,438	3,812	460	7,472	3,670	12,628	28,200
Q3	2,476	1,580	4,765	604	6,694	3,501	15,123	31,217
Q4	2,436	1,631	4,697	453	7,507	4,951	15,441	32,184
	9,338	5,997	16,782	1,962	27,820	15,296	53,493	115,202
2023
Q1	2,218	1,936	3,777	380	7,108	3,140	12,113	27,471
Q2	2,292	1,866	3,949	376	7,858	4,432	12,496	28,774
Q3	2,736	1,975	4,577	394	6,350	2,722	12,060	27,944
Q4	2,671	2,185	4,394	410	7,800	4,962	28,675	46,407
	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024
Q1	2,005	1,813	3,180	325	4,963	989	11,767	24,051
Q2	2,212	1,717	3,760	364	7,946	4,721	-4,878	11,120
Q3	2,990	2,027	4,489	348	6,856	3,805	13,496	30,207
Q4	2,292	2,026	4,415	454	5,206	2,639	13,649	28,043
	9,499	7,584	15,843	1,490	24,971	12,153	34,034	93,421
2025
Q1	2,036	2,039	3,748	361	6,502	2,829	25,202	39,888

Percentage change on corresponding period of previous year
2019	13.4	-16.2	8.0	4.5	-2.1	-0.3	208.4	99.7
2020	-3.8	-8.8	-11.0	-23.6	-31.0	-41.9	-14.9	-16.5
2021	-6.4	70.4	-6.5	16.3	14.7	8.0	-56.8	-39.9
2022	37.8	-0.9	-8.1	14.3	21.1	20.2	-4.2	2.8
2023	6.2	32.8	-0.5	-20.5	4.7	-0.3	22.2	13.4
2024	-4.2	-4.8	-5.1	-4.5	-14.2	-20.3	-47.9	-28.5

2019
Q1	18.0	-24.6	8.8	6.3	12.3	27.1	20.1	12.5
Q2	4.9	-22.7	4.7	-4.8	2.9	22.0	672.2	241.7
Q3	17.3	-2.1	9.2	7.1	-4.3	-2.3	21.9	9.5
Q4	13.7	-13.3	8.9	9.1	-13.6	-22.6	184.9	115.4
2020
Q1	14.6	-37.1	7.9	10.7	n/a²	n/a²	n/a²	330.7
Q2	-36.4	-14.7	-29.5	-43.9	n/a²	n/a²	n/a²	-71.6
Q3	-11.9	-9.2	-10.7	-43.3	-23.0	-42.4	61.9	13.8
Q4	19.2	30.1	-10.6	-17.2	-16.8	-16.5	-64.8	-56.1
2021
Q1	-25.9	72.7	-30.9	-14.7	n/a²	n/a²	n/a²	-77.5
Q2	52.1	103.6	17.2	75.5	n/a²	n/a²	n/a²	11.8
Q3	-14.2	59.2	-4.2	38.5	-17.2	-45.4	-35.0	-21.1
Q4	-12.1	55.5	-2.6	4.1	-0.9	-12.8	-1.9	-0.5
2022
Q1	35.6	26.1	8.4	9.2	4.6	0.4	21.5	15.1
Q2	45.7	-12.2	-1.9	6.3	25.6	1.5	38.3	24.8
Q3	52.3	-0.4	-9.4	58.7	52.1	123.7	53.7	36.9
Q4	20.9	-7.3	-20.2	-8.6	11.2	12.8	-45.6	-30.3
2023
Q1	14.6	43.6	7.6	-14.6	15.6	-1.0	17.6	16.4
Q2	-8.0	29.8	3.6	-18.3	5.2	20.7	-1.0	2.0
Q3	10.5	25.0	-3.9	-34.7	-5.1	-22.3	-20.3	-10.5
Q4	9.7	34.0	-6.5	-9.5	3.9	0.2	85.7	44.2
2024
Q1	-9.6	-6.4	-15.8	-14.6	-30.2	-68.5	-2.9	-12.4
Q2	-3.5	-8.0	-4.8	-3.2	1.1	6.5	..³	-61.4
Q3	9.3	2.6	-1.9	-11.8	8.0	39.8	11.9	8.1
Q4	-14.2	-7.3	0.5	10.9	-33.3	-46.8	-52.4	-39.6
2025
Q1	1.6	12.5	17.9	11.2	31.0	186.2	114.2	65.8
¹Chain linked series not additive
²Data suppressed for confidentiality reasons
³Percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful

Open in Excel: Quarterly National Accounts Q1 2025 Table 3.7 (XLS 20KB)

Visit Table NAQ04 on PxStat

Visit Table NAQ10 on PxStat

Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted

Table 3.8 Components of 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	Intangible Assets	Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2019
Q1	5,883	6,542	6,934	19,359	8,678	7,311	8,261	23,589
Q2	6,012	6,047	49,629	61,688	8,687	6,795	54,138	72,463
Q3	6,426	6,824	8,613	21,863	9,308	7,531	9,215	25,350
Q4	6,507	6,475	77,389	90,370	8,985	7,297	80,382	101,507
2020
Q1	6,549	n/a³	n/a³	80,859	8,987	n/a³	n/a³	93,837
Q2	4,179	n/a³	n/a³	17,718	6,100	n/a³	n/a³	21,365
Q3	5,838	5,361	12,658	23,857	8,109	5,955	14,873	28,745
Q4	6,525	5,290	23,514	35,329	8,837	5,935	26,927	42,348
2021
Q1	5,406	5,410	8,991	19,807	7,137	6,103	10,362	23,538
Q2	6,379	5,240	9,002	20,622	8,381	5,977	9,551	23,599
Q3	6,616	4,616	9,315	20,547	8,306	5,007	9,492	22,453
Q4	7,735	5,362	24,566	37,662	9,212	5,910	26,338	42,149
2022
Q1	7,251	5,820	11,370	24,441	8,309	6,418	12,437	27,079
Q2	7,965	6,877	12,293	27,134	8,712	7,323	12,721	28,660
Q3	7,897	7,261	14,515	29,673	8,649	7,358	14,815	30,845
Q4	7,981	6,713	14,126	28,819	8,406	6,767	13,515	28,658
2023
Q1	9,140	7,160	13,212	29,513	9,450	7,375	14,345	31,105
Q2	9,031	7,574	12,552	29,157	9,022	7,603	12,333	28,864
Q3	8,939	7,191	11,987	28,117	8,809	7,004	11,738	27,452
Q4	9,131	7,223	27,607	43,961	8,961	7,166	26,942	43,326
2024
Q1	8,493	5,179	13,554	27,227	8,241	5,285	13,965	27,491
Q2	8,852	7,793	-5,227	11,418	8,548	7,582	-5,154	10,977
Q3	9,391	7,856	13,697	30,944	8,957	7,485	13,139	29,581
Q4	9,216	4,716	14,006	27,939	8,635	4,614	12,167	25,416
2025
Q1	9,733	6,848	27,332	43,914	9,167	6,888	27,320	43,375

Percentage change on previous quarter
2019
Q1	3.2	-15.2	-72.6	-50.0	3.1	-15.6	-69.5	-47.8
Q2	2.2	-7.6	615.8	218.6	0.1	-7.1	555.3	207.2
Q3	6.9	12.9	-82.6	-64.6	7.2	10.8	-83.0	-65.0
Q4	1.3	-5.1	798.5	313.3	-3.5	-3.1	772.3	300.4
2020
Q1	0.6	n/a³	n/a³	-10.5	0.0	n/a³	n/a³	-7.6
Q2	-36.2	n/a³	n/a³	-78.1	-32.1	n/a³	n/a³	-77.2
Q3	39.7	n/a³	n/a³	34.6	32.9	n/a³	n/a³	34.5
Q4	11.8	-1.3	85.8	48.1	9.0	-0.3	81.0	47.3
2021
Q1	-17.1	2.3	-61.8	-43.9	-19.2	2.8	-61.5	-44.4
Q2	18.0	-3.1	0.1	4.1	17.4	-2.1	-7.8	0.3
Q3	3.7	-11.9	3.5	-0.4	-0.9	-16.2	-0.6	-4.9
Q4	16.9	16.2	163.7	83.3	10.9	18.0	177.5	87.7
2022
Q1	-6.3	8.5	-53.7	-35.1	-9.8	8.6	-52.8	-35.8
Q2	9.8	18.2	8.1	11.0	4.8	14.1	2.3	5.8
Q3	-0.8	5.6	18.1	9.4	-0.7	0.5	16.5	7.6
Q4	1.1	-7.5	-2.7	-2.9	-2.8	-8.0	-8.8	-7.1
2023
Q1	14.5	6.7	-6.5	2.4	12.4	9.0	6.1	8.5
Q2	-1.2	5.8	-5.0	-1.2	-4.5	3.1	-14.0	-7.2
Q3	-1.0	-5.1	-4.5	-3.6	-2.4	-7.9	-4.8	-4.9
Q4	2.1	0.4	130.3	56.3	1.7	2.3	129.5	57.8
2024
Q1	-7.0	-28.3	-50.9	-38.1	-8.0	-26.3	-48.2	-36.5
Q2	4.2	50.5	..⁴	-58.1	3.7	43.5	..⁴	-60.1
Q3	6.1	0.8	..⁴	171.0	4.8	-1.3	..⁴	169.5
Q4	-1.9	-40.0	2.3	-9.7	-3.6	-38.4	-7.4	-14.1
2025
Q1	5.6	45.2	95.1	57.2	6.2	49.3	124.5	70.7
¹Chain linked series not additive
²The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
³Data suppressed for confidentiality reasons
⁴Percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful