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Table 2.1 Gross Domestic Product1 by NACE Rev. 2 A10 Sector of Origin, Q1 20252 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 52,613 | 16.5 |
Information and Communication | 29,365 | 0.5 |
Professional, Admin and Support Services | 15,092 | 1.7 |
Distribution, Transport, Hotels and Restaurants | 13,197 | 0.8 |
Public Admin, Education and Health | 12,338 | 1.1 |
Real Estate Activities | 7,365 | -0.0 |
Financial and Insurance Activities | 6,710 | 0.5 |
Construction | 3,743 | 7.9 |
Arts, Entertainment and Other Services | 1,403 | -0.7 |
Agriculture, Forestry and Fishing | 1,070 | -5.1 |
Gross Domestic Product | 152,928 | 7.4 |
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 2023, seasonally adjusted |
The MNE dominated sectors of the economy expanded by 13.6% in the first quarter of 2025. The Industry (excluding Construction) sector recorded strong growth in Q1 compared to the previous quarter, increasing by 16.5%, while the Information & Communication sector grew by 0.5% in the quarter. Overall, the non-MNE sectors were flat this quarter. However, there was robust growth in the domestic facing Construction sector which increased by 7.9%. More modest growth was seen in the Professional & Administrative Services sector which increased by 1.7% and Public Administration, Education & Health which rose by 1.1%. Other sectors with quarter-on-quarter increases include Distribution, Transport, Hotels & Restaurants (0.8%) and Financial and Insurance Activities (0.5%). The Real Estate Activities sector was largely flat over the quarter while contractions were seen in Agriculture, Forestry & Fishing which fell by 5.1% and Arts & Entertainment which decreased by 0.7%. (See Tables 2.5 and 6.3).
Column1 | Q1 2025 | Q4 2024 |
---|---|---|
Industry (excl. Construction) | 52.6131387524 | 45.1524735681 |
Information and Communication | 29.3646703697 | 29.2290382381 |
Professional, Admin and Support Services | 15.0915158302 | 14.8453990875 |
Distribution, Transport, Hotels and Restaurants | 13.1966077124 | 13.0856397281 |
Public Admin, Education and Health | 12.3376180397 | 12.2036449628 |
Real Estate Activities | 7.3651487649 | 7.3665981746 |
Financial and Insurance Activities | 6.7101726612 | 6.6780102149 |
Construction | 3.7434307889 | 3.4709395479 |
Arts, Entertainment and Other Services | 1.4033316662 | 1.412733027 |
Agriculture Forestry and Fishing | 1.0702172612 | 1.1276005634 |
Get the data: NAQ02
Column1 | Q1 2025 |
---|---|
Agriculture, Forestry & Fishing | -5.08897423986513 |
Arts, Entertainment & Other Services | -0.665473279120843 |
Real Estate Activities | -0.0196754277299593 |
Information & Communication | 0.464032139871096 |
Financial & Insurance Activities | 0.481617207296847 |
Distribution, Transport, Hotels & Restaurants | 0.848013445316753 |
Public Admin, Education & Health | 1.09781198411121 |
Professional, Admin & Support Services | 1.65786545211326 |
Construction | 7.85064785023017 |
Industry (excl. Construction) | 16.5232701438774 |
Agriculture, Forestry & Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels & Restaurants | Information & Communication | Financial & Insurance Activities | Real Estate Activities | Professional, Admin & Support Services | Public Admin, Education & Health | Arts, Entertainment & Other Services | |
Q1 2023 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2023 | 108.029485674221 | 101.607336553537 | 96.9710300981531 | 102.851876133276 | 106.897865376467 | 100.949222351223 | 100.161415614715 | 101.987874519225 | 100.441753553856 | 105.244677133632 |
Q3 2023 | 97.9171166705936 | 91.2654907015248 | 93.666076593344 | 103.722095445275 | 105.924235395246 | 95.052513558811 | 100.976841614857 | 103.780945559069 | 101.527699029277 | 102.86427563221 |
Q4 2023 | 96.9272079630073 | 87.9994971059428 | 96.4481684278801 | 103.191635347471 | 106.876669228181 | 101.962539381595 | 99.3378859885501 | 102.512204775947 | 102.576348821434 | 102.06672679948 |
Q1 2024 | 101.895023062568 | 81.3061953788326 | 93.0391024578816 | 104.350798127094 | 108.46359826467 | 115.506638544107 | 103.879332704541 | 100.037981790122 | 101.874559701926 | 102.315544383063 |
Q2 2024 | 100.049019394898 | 90.1847180148815 | 96.5728509566563 | 102.910912293934 | 103.643348670806 | 107.146558983515 | 105.254851794426 | 105.540927194227 | 102.03073427111 | 94.4821377083586 |
Q3 2024 | 102.996423288672 | 101.089788310606 | 101.309673906449 | 102.106145929568 | 111.957487398145 | 118.636227700459 | 107.615186611299 | 109.934802399703 | 102.476400541928 | 94.2023062108129 |
Q4 2024 | 102.081731624259 | 103.678567812565 | 98.8177257186751 | 103.472467583044 | 121.250937969914 | 114.297652069905 | 107.564635151021 | 102.77343965211 | 103.369584165311 | 95.6133977001549 |
Q1 2025 | 96.886818598292 | 120.809657653538 | 106.575557378455 | 104.349928020349 | 121.81358129199 | 114.84812922981 | 107.543471348968 | 104.477285002051 | 104.504387848203 | 94.9771160872008 |
Estimates for the first quarter of 2025 indicate that there was an increase of 20.0% in GDP in real terms in Q1 2025 compared with Q1 2024. Gross Value Added (GVA) for the MNE-dominated sectors expanded by 39.7% in Q1 2025 compared with Q1 2024. The Industry (excluding Construction) sector increased by 49.9% in Q1 compared with the equivalent quarter of 2024 while the Information and Communication sector rose by 12.5% year-on-year over the same period.
Of the domestic based economic sectors, Construction increased by 17.3% year-on-year while Distribution, Transport, Hotels & Restaurants posted a modest rise of 0.6% over the same period. Other sectors to record growth in Q1 2025 compared to the equivalent quarter last year were Professional & Administrative Services (4.3%), Real Estate Activities (3.4%), Public Administration, Education & Health (2.7%), Financial and Insurance Activities (0.3%). The Arts & Entertainment sector declined by 6.6% while Agriculture, Forestry & Fishing sector contracted by 6.1% year-on-year in Q1 2025.
Overall, the domestic based sectors grew by 1.9% year-on-year in the first quarter of 2025 compared with Q1 2024. (See Tables 2.3 and 6.2).
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2025 Updates Tables (XLS 56KB)
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