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Quarterly National Accounts Quarter 1 2025 Provisional

Domestic Demand

Modified Domestic Demand increased by 0.8% in Q1 2025

Online ISSN: 2009-5775

CSO statistical release, 05 June 2025, 11am

Table 5.1 Modified Final Domestic Demand by Component, Q1 2025¹
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	36,854	0.6
Net Expenditure by Central and Local Government on Current Goods and Services	13,464	0.7
Modified Gross Domestic Fixed Capital Formation	12,352	1.5
Modified Final Domestic Demand	62,670	0.8
¹Constant Market Prices, chain linked annually and referenced to year 2022 and seasonally adjusted

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

Final Domestic Demand increased by 14.1% in Q1 2025 compared with Q4 2024, while Modified Final Domestic Demand increased by 0.8% 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 2022	32.2179436446	11.9157784753	12.6140871259	56.747809246
Q2 2022	33.4775502386	12.1473294398	14.6026545557	60.2275342342
Q3 2022	34.340490715	12.2259694632	13.3446268481	59.9110870264
Q4 2022	34.617472707	12.308401509	12.1995586529	59.125432869
Q1 2023	34.7838418909	12.349650289	13.2315052516	60.3649974316
Q2 2023	35.4079434454	12.5064200772	12.596434096	60.5107976186
Q3 2023	35.1426727335	12.7861763321	12.1203581362	60.0492072019
Q4 2023	35.87385696	13.0006554473	12.5655654455	61.4400778529
Q1 2024	35.9427398615	12.9852349024	13.1273131197	62.0552878836
Q2 2024	36.1199591833	13.2195486663	12.5803580823	61.919865932
Q3 2024	35.7955753595	13.38466704	13.306934223	62.4871766226
Q4 2024	36.6331443243	13.3718266691	12.1665544211	62.1715254146
Q1 2025	36.8540572666	13.4638131634	12.3522572044	62.6701276345

Get the data: NAQ05

	Modified Final Domestic Demand
Q1 2022	-0.23217661093764
Q2 2022	6.13191070181318
Q3 2022	-0.525419497616275
Q4 2022	-1.31136688782462
Q1 2023	2.09649976744597
Q2 2023	0.241531008371543
Q3 2023	-0.762823223070719
Q4 2023	2.31621817474386
Q1 2024	1.0013171405364
Q2 2024	-0.218227900020407
Q3 2024	0.916201419465312
Q4 2024	-0.505145575557719
Q1 2025	0.801978424326899

Get the data: NAQ05

	Modified Final Domestic Demand	Net Exports & Other
Q1 2022	-0.108361671475011	3.0465461767386
Q2 2022	2.77374825795751	0.520523481607757
Q3 2022	-0.244200838338955	2.80729076905976
Q4 2022	-0.591134353780588	0.958641432628727
Q1 2023	0.929246214784175	-7.54307214385128
Q2 2023	0.117040763617736	0.00698069384996897
Q3 2023	-0.370081661018066	-1.86255966645355
Q4 2023	1.14060072121699	-2.41789961488662
Q1 2024	0.511038096941664	-1.32397768998449
Q2 2024	-0.113413281965884	1.46802676070246
Q3 2024	0.468761889233274	3.31228531173281
Q4 2024	-0.251316345233554	5.22346294744416
Q1 2025	0.378175516848462	9.33002515280222

Comparisons with Q1 2024

Final Domestic Demand increased by 18.7% in Q1 2025 compared with Q1 2024, while Modified Final Domestic Demand grew by 1.0% over the same period.

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)1 - Non-Seasonally Adjusted

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)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	112,184	36,255	193,555	341,994	1,788	343,782	123,615	39,808	210,129	372,972	1,689	373,906
2020	101,761	40,979	157,987	300,727	4,309	305,036	111,911	44,450	175,522	331,233	4,399	335,401
2021	113,823	44,614	99,007	257,444	4,811	262,255	121,817	47,267	106,416	275,503	5,018	280,433
2022	134,873	48,693	110,306	293,872	9,085	302,957	134,873	48,693	110,306	293,872	9,085	302,957
2023	152,720	53,247	118,231	324,198	16,051	340,248	141,339	50,782	113,393	305,514	15,740	321,254
2024	162,307	56,776	91,709	310,792	1,179	311,972	144,561	52,959	84,548	282,067	954	283,021

2019
Q1	27,068	8,769	17,782	53,618	1,036	54,655	30,054	9,703	19,873	59,570	983	60,596
Q2	27,297	9,026	60,983	97,307	-318	96,989	29,946	9,841	66,922	106,526	-242	105,903
Q3	27,995	9,236	21,860	59,091	1,174	60,265	30,796	10,265	23,911	64,899	1,069	66,014
Q4	29,824	9,225	92,929	131,978	-105	131,873	32,818	9,999	99,424	141,977	-121	141,393
	112,184	36,255	193,555	341,994	1,788	343,782	123,615	39,808	210,129	372,972	1,689	373,906
2020
Q1	26,003	9,348	79,024	114,375	2,087	116,462	28,535	10,040	85,591	124,197	1,974	126,133
Q2	22,134	10,327	17,149	49,610	1,098	50,708	24,436	11,290	19,024	54,510	1,231	55,780
Q3	26,364	10,392	23,886	60,642	407	61,050	28,909	11,396	27,219	67,275	440	67,599
Q4	27,261	10,911	37,928	76,100	716	76,817	30,030	11,723	43,687	85,252	754	85,889
	101,761	40,979	157,987	300,727	4,309	305,036	111,911	44,450	175,522	331,233	4,399	335,401
2021
Q1	23,552	10,694	17,985	52,232	1,950	54,181	25,673	11,707	19,307	56,742	1,941	58,735
Q2	27,659	11,182	20,020	58,860	70	58,930	29,789	11,827	21,266	62,928	40	62,862
Q3	30,156	11,358	20,671	62,186	2,944	65,130	32,078	11,559	21,461	65,141	3,133	68,403
Q4	32,456	11,379	40,331	84,166	-153	84,013	34,277	12,174	44,382	90,693	-96	90,433
	113,823	44,614	99,007	257,444	4,811	262,255	121,817	47,267	106,416	275,503	5,018	280,433
2022
Q1	30,084	11,660	22,366	64,109	1,649	65,758	30,778	11,599	22,495	64,888	1,677	66,557
Q2	32,497	11,948	26,744	71,189	4,008	75,197	32,614	12,081	26,955	71,652	4,040	75,737
Q3	34,464	12,034	29,829	76,328	3,497	79,825	34,388	12,360	29,984	76,722	3,385	80,132
Q4	37,829	13,051	31,367	82,247	-69	82,178	37,093	12,654	30,873	80,610	-17	80,530
	134,873	48,693	110,306	293,872	9,085	302,957	134,873	48,693	110,306	293,872	9,085	302,957
2023
Q1	34,222	12,697	24,298	71,217	2,667	73,884	33,053	11,878	23,622	68,553	2,743	71,296
Q2	37,421	13,146	25,554	76,121	5,507	81,628	34,724	12,416	24,525	71,664	5,524	77,189
Q3	38,666	13,119	25,161	76,946	4,125	81,070	34,968	12,952	24,169	72,089	4,153	76,241
Q4	42,411	14,284	43,218	99,914	3,752	103,666	38,594	13,536	41,077	93,208	3,320	96,527
	152,720	53,247	118,231	324,198	16,051	340,248	141,339	50,782	113,393	305,514	15,740	321,254
2024
Q1	37,510	13,527	24,365	75,402	1,653	77,055	34,059	12,342	22,662	69,064	1,539	70,602
Q2	40,132	14,246	9,444	63,821	802	64,623	35,545	13,158	8,677	57,379	783	58,162
Q3	40,225	14,090	29,324	83,639	688	84,327	35,456	13,646	27,452	76,554	569	77,123
Q4	44,440	14,913	28,577	87,930	-1,964	85,966	39,500	13,813	25,757	79,070	-1,936	77,133
	162,307	56,776	91,709	310,792	1,179	311,972	144,561	52,959	84,548	282,067	954	283,021
2025
Q1	39,407	14,334	38,934	92,676	-3,534	89,142	34,908	12,892	34,196	81,996	-3,616	78,380

Percentage change on corresponding period of previous year
2019	4.6	9.7	107.0	46.3		46.4	2.9	6.5	99.7	42.1		42.3
2020	-9.3	13.0	-18.4	-12.1		-11.3	-9.5	11.7	-16.5	-11.2		-10.3
2021	11.9	8.9	-37.3	-14.4		-14.0	8.9	6.3	-39.4	-16.8		-16.4
2022	18.5	9.1	11.4	14.2		15.5	10.7	3.0	3.7	6.7		8.0
2023	13.2	9.4	7.2	10.3		12.3	4.8	4.3	2.8	4.0		6.0
2024	6.3	6.6	-22.4	-4.1		-8.3	2.3	4.3	-25.4	-7.7		-11.9

2019
Q1	4.8	9.0	13.6	8.3		6.4	3.0	7.8	12.5	6.7		4.9
Q2	5.1	9.9	249.1	88.4		86.7	3.3	5.5	241.7	84.0		82.4
Q3	4.2	8.6	12.1	7.7		9.8	2.7	6.4	9.5	5.6		7.7
Q4	4.2	11.3	127.4	69.7		72.3	2.5	6.4	115.4	62.6		65.3
2020
Q1	-3.9	6.6	344.4	113.3		113.1	-5.1	3.5	330.7	108.5		108.2
Q2	-18.9	14.4	-71.9	-49.0		-47.7	-18.4	14.7	-71.6	-48.8		-47.3
Q3	-5.8	12.5	9.3	2.6		1.3	-6.1	11.0	13.8	3.7		2.4
Q4	-8.6	18.3	-59.2	-42.3		-41.7	-8.5	17.2	-56.1	-40.0		-39.3
2021
Q1	-9.4	14.4	-77.2	-54.3		-53.5	-10.0	16.6	-77.4	-54.3		-53.4
Q2	25.0	8.3	16.7	18.6		16.2	21.9	4.8	11.8	15.4		12.7
Q3	14.4	9.3	-13.5	2.5		6.7	11.0	1.4	-21.2	-3.2		1.2
Q4	19.1	4.3	6.3	10.6		9.4	14.1	3.8	1.6	6.4		5.3
2022
Q1	27.7	9.0	24.4	22.7		21.4	19.9	-0.9	16.5	14.4		13.3
Q2	17.5	6.9	33.6	20.9		27.6	9.5	2.1	26.8	13.9		20.5
Q3	14.3	6.0	44.3	22.7		22.6	7.2	6.9	39.7	17.8		17.1
Q4	16.6	14.7	-22.2	-2.3		-2.2	8.2	3.9	-30.4	-11.1		-10.9
2023
Q1	13.8	8.9	8.6	11.1		12.4	7.4	2.4	5.0	5.6		7.1
Q2	15.2	10.0	-4.4	6.9		8.6	6.5	2.8	-9.0	0.0		1.9
Q3	12.2	9.0	-15.6	0.8		1.6	1.7	4.8	-19.4	-6.0		-4.9
Q4	12.1	9.4	37.8	21.5		26.1	4.0	7.0	33.1	15.6		19.9
2024
Q1	9.6	6.5	0.3	5.9		4.3	3.0	3.9	-4.1	0.7		-1.0
Q2	7.2	8.4	-63.0	-16.2		-20.8	2.4	6.0	-64.6	-19.9		-24.6
Q3	4.0	7.4	16.5	8.7		4.0	1.4	5.4	13.6	6.2		1.2
Q4	4.8	4.4	-33.9	-12.0		-17.1	2.3	2.0	-37.3	-15.2		-20.1
2025
Q1	5.1	6.0	59.8	22.9		15.7	2.5	4.5	50.9	18.7		11.0
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 2022)1 - Seasonally Adjusted

Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)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	27,759	8,880	18,729	55,367	1,036	56,404	30,741	9,764	21,792	62,296	992	63,289
Q2	28,018	9,011	61,382	98,411	-318	98,093	31,031	9,907	65,708	106,647	-232	106,415
Q3	28,022	9,186	21,991	59,200	1,174	60,374	30,827	10,143	24,648	65,617	1,078	66,696
Q4	28,279	9,165	91,334	128,778	-105	128,674	31,023	9,911	93,916	134,850	-112	134,738
2020
Q1	26,869	9,477	80,017	116,363	2,087	118,450	29,389	10,167	83,640	123,196	1,934	125,130
Q2	22,649	10,296	17,383	50,328	1,098	51,427	25,307	11,339	19,704	56,350	1,191	57,541
Q3	26,324	10,383	24,032	60,739	407	61,146	28,773	11,322	27,374	67,470	400	67,869
Q4	25,739	10,788	36,499	73,025	716	73,741	28,242	11,586	40,820	80,649	714	81,363
2021
Q1	24,558	10,859	18,710	54,127	1,950	56,077	26,669	11,925	20,566	59,160	1,857	61,017
Q2	28,245	11,134	20,294	59,673	70	59,743	30,739	11,882	22,065	64,686	-44	64,642
Q3	30,056	11,418	20,792	62,265	2,944	65,209	31,901	11,536	21,525	64,962	3,049	68,011
Q4	30,536	11,171	38,964	80,670	-153	80,517	32,104	11,825	41,997	85,926	-180	85,746
2022
Q1	31,642	11,862	23,167	66,671	1,649	68,320	32,218	11,916	23,762	67,896	1,572	69,468
Q2	33,036	11,893	26,925	71,855	4,008	75,863	33,478	12,147	27,315	72,940	3,935	76,875
Q3	34,406	12,159	30,051	76,616	3,497	80,113	34,340	12,226	29,775	76,341	3,280	79,621
Q4	35,442	12,732	30,261	78,435	-69	78,365	34,617	12,308	29,692	76,617	-122	76,496
2023
Q1	36,255	12,939	25,055	74,249	2,667	76,916	34,784	12,350	24,722	71,855	2,630	74,485
Q2	37,802	13,088	25,601	76,491	5,507	81,998	35,408	12,506	24,695	72,609	5,411	78,020
Q3	38,768	13,308	25,507	77,583	4,125	81,707	35,143	12,786	24,024	71,953	4,039	75,991
Q4	39,610	13,862	42,242	95,715	3,752	99,466	35,874	13,001	40,208	89,082	3,206	92,288
2024
Q1	39,891	13,805	24,980	78,677	1,653	80,329	35,943	12,985	23,624	72,552	1,425	73,977
Q2	40,380	14,190	9,298	63,868	802	64,670	36,120	13,220	8,606	57,945	669	58,614
Q3	40,494	14,321	29,662	84,476	688	85,164	35,796	13,385	27,214	76,394	455	76,849
Q4	41,402	14,425	27,539	83,366	-1,964	81,402	36,633	13,372	24,947	74,952	-2,050	72,902
2025
Q1	41,982	14,652	39,684	96,318	-3,534	92,783	36,854	13,464	35,204	85,522	-3,729	81,793

Percentage change on previous quarter
2019
Q1	2.2	7.5	-52.6	-26.1		-23.4	1.3	5.2	-50.4	-25.4		-23.2
Q2	0.9	1.5	227.7	77.7		73.9	0.9	1.5	201.5	71.2		68.1
Q3	0.0	1.9	-64.2	-39.8		-38.5	-0.7	2.4	-62.5	-38.5		-37.3
Q4	0.9	-0.2	315.3	117.5		113.1	0.6	-2.3	281.0	105.5		102.0
2020
Q1	-5.0	3.4	-12.4	-9.6		-7.9	-5.3	2.6	-10.9	-8.6		-7.1
Q2	-15.7	8.6	-78.3	-56.7		-56.6	-13.9	11.5	-76.4	-54.3		-54.0
Q3	16.2	0.8	38.3	20.7		18.9	13.7	-0.1	38.9	19.7		17.9
Q4	-2.2	3.9	51.9	20.2		20.6	-1.8	2.3	49.1	19.5		19.9
2021
Q1	-4.6	0.7	-48.7	-25.9		-24.0	-5.6	2.9	-49.6	-26.6		-25.0
Q2	15.0	2.5	8.5	10.2		6.5	15.3	-0.4	7.3	9.3		5.9
Q3	6.4	2.6	2.5	4.3		9.2	3.8	-2.9	-2.4	0.4		5.2
Q4	1.6	-2.2	87.4	29.6		23.5	0.6	2.5	95.1	32.3		26.1
2022
Q1	3.6	6.2	-40.5	-17.4		-15.1	0.4	0.8	-43.4	-21.0		-19.0
Q2	4.4	0.3	16.2	7.8		11.0	3.9	1.9	14.9	7.4		10.7
Q3	4.1	2.2	11.6	6.6		5.6	2.6	0.6	9.0	4.7		3.6
Q4	3.0	4.7	0.7	2.4		-2.2	0.8	0.7	-0.3	0.4		-3.9
2023
Q1	2.3	1.6	-17.2	-5.3		-1.8	0.5	0.3	-16.7	-6.2		-2.6
Q2	4.3	1.2	2.2	3.0		6.6	1.8	1.3	-0.1	1.0		4.7
Q3	2.6	1.7	-0.4	1.4		-0.4	-0.7	2.2	-2.7	-0.9		-2.6
Q4	2.2	4.2	65.6	23.4		21.7	2.1	1.7	67.4	23.8		21.4
2024
Q1	0.7	-0.4	-40.9	-17.8		-19.2	0.2	-0.1	-41.2	-18.6		-19.8
Q2	1.2	2.8	-62.8	-18.8		-19.5	0.5	1.8	-63.6	-20.1		-20.8
Q3	0.3	0.9	219.0	32.3		31.7	-0.9	1.2	216.2	31.8		31.1
Q4	2.2	0.7	-7.2	-1.3		-4.4	2.3	-0.1	-8.3	-1.9		-5.1
2025
Q1	1.4	1.6	44.1	15.5		14.0	0.6	0.7	41.1	14.1		12.2
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 2022)1 - Non-Seasonally Adjusted

Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)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	112,184	36,255	41,315	189,754	1,788	191,542	123,615	39,808	49,842	213,047	1,689	214,067
2020	101,761	40,979	37,632	180,372	4,309	184,681	111,911	44,450	44,610	200,998	4,399	205,280
2021	113,823	44,614	43,175	201,612	4,811	206,423	121,817	47,267	47,889	217,012	5,018	221,928
2022	134,873	48,693	52,549	236,115	9,085	245,200	134,873	48,693	52,549	236,115	9,085	245,200
2023	152,720	53,247	52,580	258,547	16,051	274,597	141,339	50,782	50,223	242,344	15,740	258,084
2024	162,307	56,776	55,646	274,729	1,179	275,908	144,561	52,959	51,353	248,872	954	249,825

2019
Q1	27,068	8,769	9,559	45,395	1,036	46,432	30,054	9,703	11,784	51,514	983	52,481
Q2	27,297	9,026	9,156	45,479	-318	45,161	29,946	9,841	11,124	50,936	-242	50,371
Q3	27,995	9,236	11,236	48,467	1,174	49,641	30,796	10,265	13,558	54,481	1,069	55,541
Q4	29,824	9,225	11,364	50,412	-105	50,307	32,818	9,999	13,376	56,115	-121	55,674
	112,184	36,255	41,315	189,754	1,788	191,542	123,615	39,808	49,842	213,047	1,689	214,067
2020
Q1	26,003	9,348	9,546	44,897	2,087	46,984	28,535	10,040	11,153	49,722	1,974	51,829
Q2	22,134	10,327	7,214	39,675	1,098	40,774	24,436	11,290	8,877	44,705	1,231	45,956
Q3	26,364	10,392	10,510	47,266	407	47,673	28,909	11,396	12,503	52,746	440	53,024
Q4	27,261	10,911	10,362	48,534	716	49,250	30,030	11,723	12,076	53,825	754	54,470
	101,761	40,979	37,632	180,372	4,309	184,681	111,911	44,450	44,610	200,998	4,399	205,280
2021
Q1	23,552	10,694	9,546	43,792	1,950	45,742	25,673	11,707	10,883	48,272	1,941	50,264
Q2	27,659	11,182	9,840	48,680	70	48,750	29,789	11,827	11,263	52,923	40	52,833
Q3	30,156	11,358	11,245	52,760	2,944	55,704	32,078	11,559	12,402	56,037	3,133	59,307
Q4	32,456	11,379	12,545	56,380	-153	56,228	34,277	12,174	13,341	59,781	-96	59,525
	113,823	44,614	43,175	201,612	4,811	206,423	121,817	47,267	47,889	217,012	5,018	221,928
2022
Q1	30,084	11,660	11,901	53,644	1,649	55,293	30,778	11,599	12,152	54,532	1,677	56,197
Q2	32,497	11,948	13,967	58,412	4,008	62,420	32,614	12,081	14,134	58,792	4,040	62,886
Q3	34,464	12,034	14,054	60,553	3,497	64,050	34,388	12,360	14,091	60,816	3,385	64,233
Q4	37,829	13,051	12,626	63,506	-69	63,436	37,093	12,654	12,172	61,975	-17	61,884
	134,873	48,693	52,549	236,115	9,085	245,200	134,873	48,693	52,549	236,115	9,085	245,200
2023
Q1	34,222	12,697	13,371	60,290	2,667	62,957	33,053	11,878	12,875	57,806	2,743	60,549
Q2	37,421	13,146	12,641	63,208	5,507	68,715	34,724	12,416	12,157	59,297	5,524	64,822
Q3	38,666	13,119	13,364	65,148	4,125	69,273	34,968	12,952	12,774	60,695	4,153	64,847
Q4	42,411	14,284	13,205	69,900	3,752	73,652	38,594	13,536	12,416	64,547	3,320	67,866
	152,720	53,247	52,580	258,547	16,051	274,597	141,339	50,782	50,223	242,344	15,740	258,084
2024
Q1	37,510	13,527	13,981	65,018	1,653	66,671	34,059	12,342	12,972	59,374	1,539	60,912
Q2	40,132	14,246	13,231	67,609	802	68,411	35,545	13,158	12,302	61,004	783	61,787
Q3	40,225	14,090	15,187	69,502	688	70,190	35,456	13,646	14,038	63,139	569	63,708
Q4	44,440	14,913	13,247	72,601	-1,964	70,637	39,500	13,813	12,041	65,354	-1,936	63,418
	162,307	56,776	55,646	274,729	1,179	275,908	144,561	52,959	51,353	248,872	954	249,825
2025
Q1	39,407	14,334	13,606	67,347	-3,534	63,813	34,908	12,892	12,174	59,974	-3,616	56,358

Percentage change on corresponding period of previous year
2019	4.6	9.7	0.4	4.6		5.0	2.9	6.5	-2.7	2.3		2.8
2020	-9.3	13.0	-8.9	-4.9		-3.6	-9.5	11.7	-10.5	-5.7		-4.1
2021	11.9	8.9	14.7	11.8		11.8	8.9	6.3	7.4	8.0		8.1
2022	18.5	9.1	21.7	17.1		18.8	10.7	3.0	9.7	8.8		10.5
2023	13.2	9.4	0.1	9.5		12.0	4.8	4.3	-4.4	2.6		5.3
2024	6.3	6.6	5.8	6.3		0.5	2.3	4.3	2.2	2.7		-3.2

2019
Q1	4.8	9.0	-1.8	4.1		2.1	3.0	7.8	-4.5	2.2		0.3
Q2	5.1	9.9	-9.9	2.6		1.2	3.3	5.5	-12.5	0.1		-1.2
Q3	4.2	8.6	7.2	5.7		8.2	2.7	6.4	4.6	3.8		6.3
Q4	4.2	11.3	5.3	5.7		8.3	2.5	6.4	1.2	2.9		5.5
2020
Q1	-3.9	6.6	-0.1	-1.1		1.2	-5.1	3.5	-5.4	-3.5		-1.2
Q2	-18.9	14.4	-21.2	-12.8		-9.7	-18.4	14.7	-20.2	-12.2		-8.8
Q3	-5.8	12.5	-6.5	-2.5		-4.0	-6.1	11.0	-7.8	-3.2		-4.5
Q4	-8.6	18.3	-8.8	-3.7		-2.1	-8.5	17.2	-9.7	-4.1		-2.2
2021
Q1	-9.4	14.4	-0.0	-2.5		-2.6	-10.0	16.6	-2.4	-2.9		-3.0
Q2	25.0	8.3	36.4	22.7		19.6	21.9	4.8	26.9	18.4		15.0
Q3	14.4	9.3	7.0	11.6		16.8	11.0	1.4	-0.8	6.2		11.8
Q4	19.1	4.3	21.1	16.2		14.2	14.1	3.8	10.5	11.1		9.3
2022
Q1	27.7	9.0	24.7	22.5		20.9	19.9	-0.9	11.7	13.0		11.8
Q2	17.5	6.9	41.9	20.0		28.0	9.5	2.1	25.5	11.1		19.0
Q3	14.3	6.0	25.0	14.8		15.0	7.2	6.9	13.6	8.5		8.3
Q4	16.6	14.7	0.6	12.6		12.8	8.2	3.9	-8.8	3.7		4.0
2023
Q1	13.8	8.9	12.3	12.4		13.9	7.4	2.4	5.9	6.0		7.7
Q2	15.2	10.0	-9.5	8.2		10.1	6.5	2.8	-14.0	0.9		3.1
Q3	12.2	9.0	-4.9	7.6		8.2	1.7	4.8	-9.3	-0.2		1.0
Q4	12.1	9.4	4.6	10.1		16.1	4.0	7.0	2.0	4.2		9.7
2024
Q1	9.6	6.5	4.6	7.8		5.9	3.0	3.9	0.8	2.7		0.6
Q2	7.2	8.4	4.7	7.0		-0.4	2.4	6.0	1.2	2.9		-4.7
Q3	4.0	7.4	13.6	6.7		1.3	1.4	5.4	9.9	4.0		-1.8
Q4	4.8	4.4	0.3	3.9		-4.1	2.3	2.0	-3.0	1.3		-6.6
2025
Q1	5.1	6.0	-2.7	3.6		-4.3	2.5	4.5	-6.2	1.0		-7.5
¹Chain linked series not additive

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Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted

Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)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	27,759	8,880	10,033	46,671	1,036	47,707	30,741	9,764	12,440	52,945	992	53,937
Q2	28,018	9,011	9,686	46,715	-318	46,397	31,031	9,907	12,026	52,964	-232	52,732
Q3	28,022	9,186	10,803	48,012	1,174	49,186	30,827	10,143	12,925	53,895	1,078	54,973
Q4	28,279	9,165	10,740	48,184	-105	48,079	31,023	9,911	12,521	53,454	-112	53,342
2020
Q1	26,869	9,477	9,983	46,329	2,087	48,416	29,389	10,167	12,162	51,718	1,934	53,651
Q2	22,649	10,296	7,598	40,543	1,098	41,641	25,307	11,339	9,424	46,070	1,191	47,261
Q3	26,324	10,383	10,059	46,765	407	47,173	28,773	11,322	11,775	51,870	400	52,270
Q4	25,739	10,788	9,970	46,497	716	47,213	28,242	11,586	11,643	51,471	714	52,186
2021
Q1	24,558	10,859	9,669	45,086	1,950	47,036	26,669	11,925	11,268	49,862	1,857	51,719
Q2	28,245	11,134	10,285	49,664	70	49,734	30,739	11,882	11,937	54,558	-44	54,515
Q3	30,056	11,418	10,734	52,208	2,944	55,152	31,901	11,536	11,649	55,086	3,049	58,135
Q4	30,536	11,171	12,263	53,969	-153	53,816	32,104	11,825	12,951	56,880	-180	56,700
2022
Q1	31,642	11,862	12,045	55,549	1,649	57,198	32,218	11,916	12,614	56,748	1,572	58,320
Q2	33,036	11,893	14,398	59,328	4,008	63,336	33,478	12,147	14,603	60,228	3,935	64,163
Q3	34,406	12,159	13,578	60,143	3,497	63,640	34,340	12,226	13,345	59,911	3,280	63,191
Q4	35,442	12,732	12,622	60,796	-69	60,727	34,617	12,308	12,200	59,125	-122	59,004
2023
Q1	36,255	12,939	13,460	62,654	2,667	65,321	34,784	12,350	13,232	60,365	2,630	62,995
Q2	37,802	13,088	12,981	63,871	5,507	69,379	35,408	12,506	12,596	60,511	5,411	65,921
Q3	38,768	13,308	12,962	65,038	4,125	69,162	35,143	12,786	12,120	60,049	4,039	64,088
Q4	39,610	13,862	13,359	66,831	3,752	70,583	35,874	13,001	12,566	61,440	3,206	64,646
2024
Q1	39,891	13,805	13,902	67,598	1,653	69,251	35,943	12,985	13,127	62,055	1,425	63,480
Q2	40,380	14,190	13,418	67,989	802	68,791	36,120	13,220	12,580	61,920	669	62,589
Q3	40,494	14,321	14,750	69,564	688	70,252	35,796	13,385	13,307	62,487	455	62,942
Q4	41,402	14,425	13,338	69,165	-1,964	67,201	36,633	13,372	12,167	62,172	-2,050	60,122
2025
Q1	41,982	14,652	13,665	70,299	-3,534	66,765	36,854	13,464	12,352	62,670	-3,729	58,941

Percentage change on previous quarter
2019
Q1	2.2	7.5	-2.2	2.1		7.4	1.3	5.2	-1.7	1.3		5.4
Q2	0.9	1.5	-3.5	0.1		-2.7	0.9	1.5	-3.3	0.0		-2.2
Q3	0.0	1.9	11.5	2.8		6.0	-0.7	2.4	7.5	1.8		4.2
Q4	0.9	-0.2	-0.6	0.4		-2.2	0.6	-2.3	-3.1	-0.8		-3.0
2020
Q1	-5.0	3.4	-7.0	-3.8		0.7	-5.3	2.6	-2.9	-3.2		0.6
Q2	-15.7	8.6	-23.9	-12.5		-14.0	-13.9	11.5	-22.5	-10.9		-11.9
Q3	16.2	0.8	32.4	15.3		13.3	13.7	-0.1	24.9	12.6		10.6
Q4	-2.2	3.9	-0.9	-0.6		0.1	-1.8	2.3	-1.1	-0.8		-0.2
2021
Q1	-4.6	0.7	-3.0	-3.0		-0.4	-5.6	2.9	-3.2	-3.1		-0.9
Q2	15.0	2.5	6.4	10.2		5.7	15.3	-0.4	5.9	9.4		5.4
Q3	6.4	2.6	4.4	5.1		10.9	3.8	-2.9	-2.4	1.0		6.6
Q4	1.6	-2.2	14.2	3.4		-2.4	0.6	2.5	11.2	3.3		-2.5
2022
Q1	3.6	6.2	-1.8	2.9		6.3	0.4	0.8	-2.6	-0.2		2.9
Q2	4.4	0.3	19.5	6.8		10.7	3.9	1.9	15.8	6.1		10.0
Q3	4.1	2.2	-5.7	1.4		0.5	2.6	0.6	-8.6	-0.5		-1.5
Q4	3.0	4.7	-7.0	1.1		-4.6	0.8	0.7	-8.6	-1.3		-6.6
2023
Q1	2.3	1.6	6.6	3.1		7.6	0.5	0.3	8.5	2.1		6.8
Q2	4.3	1.2	-3.6	1.9		6.2	1.8	1.3	-4.8	0.2		4.6
Q3	2.6	1.7	-0.1	1.8		-0.3	-0.7	2.2	-3.8	-0.8		-2.8
Q4	2.2	4.2	3.1	2.8		2.1	2.1	1.7	3.7	2.3		0.9
2024
Q1	0.7	-0.4	4.1	1.1		-1.9	0.2	-0.1	4.5	1.0		-1.8
Q2	1.2	2.8	-3.5	0.6		-0.7	0.5	1.8	-4.2	-0.2		-1.4
Q3	0.3	0.9	9.9	2.3		2.1	-0.9	1.2	5.8	0.9		0.6
Q4	2.2	0.7	-9.6	-0.6		-4.3	2.3	-0.1	-8.6	-0.5		-4.5
2025
Q1	1.4	1.6	2.5	1.6		-0.6	0.6	0.7	1.5	0.8		-2.0
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	4,415	2,705	14,871	1,162	7,834	6,646	37,632	9,948	110,407
2021	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023	8,291	7,627	14,991	1,541	13,735	6,394	52,580	14,366	51,285
2024	8,235	7,903	15,398	1,598	14,382	8,131	55,646	11,849	24,215

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/a¹	1,705	9,156	n/a¹	n/a¹
Q3	1,253	808	4,503	381	n/a¹	1,723	11,236	n/a¹	n/a¹
Q4	1,117	691	5,228	450	n/a¹	1,454	11,364	n/a¹	n/a¹
	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/a¹	n/a¹	9,546	n/a¹	n/a¹
Q2	683	550	2,351	193	n/a¹	n/a¹	7,214	n/a¹	n/a¹
Q3	1,159	774	4,214	216	2,341	1,806	10,510	2,369	11,007
Q4	1,410	889	4,685	378	1,898	1,102	10,362	4,167	23,399
	4,415	2,705	14,871	1,162	7,834	6,646	37,632	9,948	110,407
2021
Q1	911	871	2,584	331	2,940	1,908	9,546	2,287	6,152
Q2	1,096	1,303	3,124	360	2,114	1,843	9,840	3,205	6,975
Q3	1,058	1,358	4,493	332	2,237	1,766	11,245	1,698	7,728
Q4	1,347	1,582	5,224	450	2,618	1,324	12,545	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	1,296	3,226	416	3,343	2,120	11,901	2,311	8,153
Q2	1,969	1,420	3,610	437	n/a¹	n/a¹	13,967	n/a¹	n/a¹
Q3	2,011	1,535	4,545	591	n/a¹	n/a¹	14,054	n/a¹	n/a¹
Q4	2,051	1,661	4,593	448	2,412	1,462	12,626	4,992	13,749
	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023
Q1	1,801	1,822	3,230	371	4,046	2,100	13,371	2,769	8,158
Q2	1,891	1,790	3,423	366	3,533	1,639	12,641	4,035	8,878
Q3	2,310	1,907	4,156	389	n/a¹	n/a¹	13,364	n/a¹	n/a¹
Q4	2,289	2,108	4,182	415	n/a¹	n/a¹	13,205	n/a¹	n/a¹
	8,291	7,627	14,991	1,541	13,735	6,394	52,580	14,366	51,285
2024
Q1	1,700	1,871	2,901	337	n/a¹	n/a¹	13,981	n/a¹	n/a¹
Q2	1,890	1,803	3,498	383	n/a¹	n/a¹	13,231	n/a¹	n/a¹
Q3	2,619	2,070	4,442	376	3,300	2,379	15,187	3,280	10,857
Q4	2,026	2,159	4,555	501	n/a¹	n/a¹	13,247	n/a¹	n/a¹
	8,235	7,903	15,398	1,598	14,382	8,131	55,646	11,849	24,215
2025
Q1	1,827	1,966	3,595	404	4,022	1,793	13,606	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	1.6	-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	15.6	3.5	28.4	39.0	9.2	21.7	20.3	-0.5
2023	10.1	29.0	-6.1	-18.5	-0.3	-14.4	0.1	11.8	14.2
2024	-0.7	3.6	2.7	3.7	4.7	27.2	5.8	-17.5	-52.8

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/a¹	n/a¹	-9.9	n/a¹	n/a¹
Q3	14.7	3.7	15.0	10.6	n/a¹	n/a¹	7.2	n/a¹	n/a¹
Q4	10.0	-4.1	18.3	11.6	n/a¹	n/a¹	5.3	n/a¹	n/a¹
2020
Q1	21.2	-29.8	17.1	12.7	n/a¹	n/a¹	-0.1	n/a¹	n/a¹
Q2	-32.7	-19.4	-31.0	-43.3	n/a¹	n/a¹	-21.2	n/a¹	n/a¹
Q3	-7.5	-4.1	-6.4	-43.3	n/a¹	n/a¹	-6.5	n/a¹	n/a¹
Q4	26.2	28.6	-10.4	-16.1	n/a¹	n/a¹	-8.8	n/a¹	n/a¹
2021
Q1	-21.6	77.5	-28.6	-11.6	n/a¹	n/a¹	-0.0	n/a¹	n/a¹
Q2	60.4	136.8	32.9	86.2	n/a¹	n/a¹	36.4	n/a¹	n/a¹
Q3	-8.6	75.4	6.6	53.5	-4.4	-2.2	7.0	-28.3	-29.8
Q4	-4.5	77.9	11.5	19.0	38.0	20.2	21.1	-16.2	3.8
2022
Q1	64.6	48.9	24.8	25.4	13.7	11.1	24.7	1.0	32.5
Q2	79.6	9.0	15.5	21.5	n/a¹	n/a¹	41.9	n/a¹	n/a¹
Q3	90.0	13.0	1.1	78.1	n/a¹	n/a¹	25.0	n/a¹	n/a¹
Q4	52.3	5.0	-12.1	-0.5	-7.9	10.4	0.6	43.0	-43.4
2023
Q1	20.0	40.6	0.1	-10.7	21.0	-0.9	12.3	19.8	0.1
Q2	-3.9	26.0	-5.2	-16.3	n/a¹	n/a¹	-9.5	n/a¹	n/a¹
Q3	14.9	24.2	-8.5	-34.1	n/a¹	n/a¹	-4.9	n/a¹	n/a¹
Q4	11.6	26.9	-8.9	-7.3	n/a¹	n/a¹	4.6	n/a¹	n/a¹
2024
Q1	-5.6	2.7	-10.2	-9.1	n/a¹	n/a¹	4.6	n/a¹	n/a¹
Q2	-0.1	0.7	2.2	4.8	n/a¹	n/a¹	4.7	n/a¹	n/a¹
Q3	13.4	8.6	6.9	-3.2	n/a¹	n/a¹	13.6	n/a¹	n/a¹
Q4	-11.5	2.4	8.9	20.7	n/a¹	n/a¹	0.3	n/a¹	n/a¹
2025
Q1	7.5	5.1	23.9	19.7	n/a¹	n/a¹	-2.7	n/a¹	n/a¹
¹Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q1 2025 Table 5.6 (XLS 19KB)

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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 2022)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 2022)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	6,067	3,707	20,888	1,861	9,774	7,750	49,842	17,593	137,075
2020	5,837	3,380	18,587	1,422	8,023	7,737	44,610	10,740	115,657
2021	5,466	5,760	17,384	1,654	10,236	7,450	47,889	11,228	47,125
2022	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023	7,999	7,260	14,268	1,485	13,173	6,038	50,223	13,445	49,724
2024	7,399	7,335	14,253	1,420	13,831	7,114	51,353	10,877	22,318

2019
Q1	1,355	937	4,132	416	2,814	1,962	11,784	3,846	4,941
Q2	1,426	898	4,479	424	n/a²	n/a²	11,124	n/a²	n/a²
Q3	1,735	1,044	5,849	467	n/a²	n/a²	13,558	n/a²	n/a²
Q4	1,551	827	6,427	554	n/a²	n/a²	13,376	n/a²	n/a²
	6,067	3,707	20,888	1,861	9,774	7,750	49,842	17,593	137,075
2020
Q1	1,553	589	4,458	461	n/a²	n/a²	11,153	n/a²	n/a²
Q2	906	766	3,156	238	n/a²	n/a²	8,877	n/a²	n/a²
Q3	1,528	948	5,226	265	2,390	2,203	12,503	2,562	12,449
Q4	1,849	1,077	5,748	459	1,973	1,220	12,076	4,485	26,307
	5,837	3,380	18,587	1,422	8,023	7,737	44,610	10,740	115,657
2021
Q1	1,151	1,018	3,081	393	3,034	2,033	10,883	2,433	6,227
Q2	1,379	1,560	3,700	417	2,191	2,059	11,263	3,389	6,810
Q3	1,311	1,509	5,004	367	2,311	1,982	12,402	1,781	7,547
Q4	1,625	1,672	5,599	477	2,699	1,376	13,341	3,625	26,541
	5,466	5,760	17,384	1,654	10,236	7,450	47,889	11,228	47,125
2022
Q1	1,560	1,327	3,340	429	3,395	2,054	12,152	2,371	8,054
Q2	2,009	1,415	3,620	443	n/a²	n/a²	14,134	n/a²	n/a²
Q3	1,997	1,558	4,549	582	n/a²	n/a²	14,091	n/a²	n/a²
Q4	1,964	1,613	4,464	436	2,384	1,414	12,172	4,902	13,659
	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023
Q1	1,795	1,779	3,130	362	3,895	1,914	12,875	2,658	8,090
Q2	1,850	1,713	3,266	358	3,392	1,578	12,157	3,810	8,558
Q3	2,211	1,800	3,939	375	n/a²	n/a²	12,774	n/a²	n/a²
Q4	2,144	1,968	3,933	389	n/a²	n/a²	12,416	n/a²	n/a²
	7,999	7,260	14,268	1,485	13,173	6,038	50,223	13,445	49,724
2024
Q1	1,566	1,789	2,752	310	n/a²	n/a²	12,972	n/a²	n/a²
Q2	1,724	1,692	3,273	347	n/a²	n/a²	12,302	n/a²	n/a²
Q3	2,331	1,891	4,071	331	3,198	2,215	14,038	3,010	10,405
Q4	1,778	1,964	4,157	431	n/a²	n/a²	12,041	n/a²	n/a²
	7,399	7,335	14,253	1,420	13,831	7,114	51,353	10,877	22,318
2025
Q1	1,588	1,774	3,252	345	3,818	1,396	12,174	2,486	19,536

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	7.4	4.6	-59.3
2022	37.8	2.7	-8.1	14.3	34.6	0.3	9.7	14.4	-4.7
2023	6.2	22.8	-10.7	-21.5	-4.4	-19.2	-4.4	4.7	10.7
2024	-7.5	1.0	-0.1	-4.4	5.0	17.8	2.2	-19.1	-55.1

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/a²	n/a²	-12.5	n/a²	n/a²
Q3	17.3	-2.1	9.2	7.1	n/a²	n/a²	4.6	n/a²	n/a²
Q4	13.7	-13.3	8.9	9.1	n/a²	n/a²	1.2	n/a²	n/a²
2020
Q1	14.6	-37.1	7.9	10.7	n/a²	n/a²	-5.4	n/a²	n/a²
Q2	-36.5	-14.7	-29.5	-43.9	n/a²	n/a²	-20.2	n/a²	n/a²
Q3	-11.9	-9.2	-10.7	-43.3	n/a²	n/a²	-7.8	n/a²	n/a²
Q4	19.2	30.1	-10.6	-17.2	n/a²	n/a²	-9.7	n/a²	n/a²
2021
Q1	-25.9	72.8	-30.9	-14.7	n/a²	n/a²	-2.4	n/a²	n/a²
Q2	52.1	103.7	17.2	75.5	n/a²	n/a²	26.9	n/a²	n/a²
Q3	-14.2	59.2	-4.2	38.5	-3.3	-10.0	-0.8	-30.5	-39.4
Q4	-12.1	55.4	-2.6	4.1	36.8	12.8	10.5	-19.2	0.9
2022
Q1	35.6	30.3	8.4	9.2	11.9	1.1	11.7	-2.5	29.3
Q2	45.7	-9.3	-2.2	6.2	n/a²	n/a²	25.5	n/a²	n/a²
Q3	52.3	3.2	-9.1	58.7	n/a²	n/a²	13.6	n/a²	n/a²
Q4	20.9	-3.6	-20.3	-8.6	-11.7	2.8	-8.8	35.2	-48.5
2023
Q1	15.0	34.0	-6.3	-15.6	14.7	-6.8	5.9	12.1	0.4
Q2	-7.9	21.0	-9.8	-19.2	n/a²	n/a²	-14.0	n/a²	n/a²
Q3	10.7	15.6	-13.4	-35.5	n/a²	n/a²	-9.3	n/a²	n/a²
Q4	9.1	22.0	-11.9	-10.8	n/a²	n/a²	2.0	n/a²	n/a²
2024
Q1	-12.8	0.6	-12.1	-14.4	n/a²	n/a²	0.8	n/a²	n/a²
Q2	-6.8	-1.2	0.2	-3.0	n/a²	n/a²	1.2	n/a²	n/a²
Q3	5.5	5.0	3.4	-11.7	n/a²	n/a²	9.9	n/a²	n/a²
Q4	-17.0	-0.2	5.7	10.7	n/a²	n/a²	-3.0	n/a²	n/a²
2025
Q1	1.5	-0.8	18.2	11.3	n/a²	n/a²	-6.2	n/a²	n/a²
¹Chain linked series not additive
²Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q1 2025 Table 5.7 (XLS 19KB)

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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 2022)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 2022)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	5,875	2,616	1,542	10,033	8,000	2,520	1,920	12,440
Q2	5,966	n/a³	n/a³	9,686	8,007	n/a³	n/a³	12,026
Q3	6,506	n/a³	n/a³	10,803	8,343	n/a³	n/a³	12,925
Q4	6,485	n/a³	n/a³	10,740	8,081	n/a³	n/a³	12,521
2020
Q1	6,557	n/a³	n/a³	9,983	8,379	n/a³	n/a³	12,162
Q2	4,150	n/a³	n/a³	7,598	5,647	n/a³	n/a³	9,424
Q3	5,912	2,382	1,765	10,059	7,246	2,448	2,081	11,775
Q4	6,473	2,165	1,332	9,970	7,928	2,238	1,478	11,643
2021
Q1	5,419	2,529	1,721	9,669	6,719	2,629	1,920	11,268
Q2	6,336	2,201	1,748	10,285	7,737	2,272	1,929	11,937
Q3	6,721	2,273	1,740	10,734	7,468	2,305	1,877	11,649
Q4	7,625	2,978	1,659	12,263	8,229	2,997	1,725	12,951
2022
Q1	7,361	2,825	1,859	12,045	7,826	2,891	1,897	12,614
Q2	7,962	n/a³	n/a³	14,398	8,142	n/a³	n/a³	14,603
Q3	8,105	n/a³	n/a³	13,578	7,909	n/a³	n/a³	13,345
Q4	7,877	2,872	1,873	12,622	7,580	2,809	1,811	12,200
2023
Q1	8,190	3,460	1,809	13,460	8,158	3,331	1,743	13,232
Q2	7,934	3,506	1,541	12,981	7,761	3,369	1,466	12,596
Q3	8,207	n/a³	n/a³	12,962	7,586	n/a³	n/a³	12,120
Q4	8,198	n/a³	n/a³	13,359	7,687	n/a³	n/a³	12,566
2024
Q1	7,758	n/a³	n/a³	13,902	7,398	n/a³	n/a³	13,127
Q2	7,949	n/a³	n/a³	13,418	7,505	n/a³	n/a³	12,580
Q3	8,880	3,463	2,407	14,750	7,828	3,352	2,126	13,307
Q4	8,458	n/a³	n/a³	13,338	7,653	n/a³	n/a³	12,167
2025
Q1	8,780	3,354	1,532	13,665	7,916	3,169	1,267	12,352

Percentage change on previous quarter
2019
Q1	3.1	n/a³	n/a³	-2.2	5.0	n/a³	n/a³	-1.7
Q2	1.6	n/a³	n/a³	-3.5	0.1	n/a³	n/a³	-3.3
Q3	9.1	n/a³	n/a³	11.5	4.2	n/a³	n/a³	7.5
Q4	-0.3	n/a³	n/a³	-0.6	-3.1	n/a³	n/a³	-3.1
2020
Q1	1.1	n/a³	n/a³	-7.0	3.7	n/a³	n/a³	-2.9
Q2	-36.7	n/a³	n/a³	-23.9	-32.6	n/a³	n/a³	-22.5
Q3	42.5	n/a³	n/a³	32.4	28.3	n/a³	n/a³	24.9
Q4	9.5	-9.1	-24.5	-0.9	9.4	-8.6	-29.0	-1.1
2021
Q1	-16.3	16.8	29.2	-3.0	-15.2	17.5	29.9	-3.2
Q2	16.9	-13.0	1.6	6.4	15.1	-13.6	0.5	5.9
Q3	6.1	3.3	-0.4	4.4	-3.5	1.5	-2.7	-2.4
Q4	13.4	31.0	-4.7	14.2	10.2	30.0	-8.1	11.2
2022
Q1	-3.5	-5.2	12.1	-1.8	-4.9	-3.5	10.0	-2.6
Q2	8.2	n/a³	n/a³	19.5	4.0	n/a³	n/a³	15.8
Q3	1.8	n/a³	n/a³	-5.7	-2.9	n/a³	n/a³	-8.6
Q4	-2.8	n/a³	n/a³	-7.0	-4.2	n/a³	n/a³	-8.6
2023
Q1	4.0	20.5	-3.4	6.6	7.6	18.6	-3.7	8.5
Q2	-3.1	1.3	-14.8	-3.6	-4.9	1.2	-15.9	-4.8
Q3	3.4	n/a³	n/a³	-0.1	-2.3	n/a³	n/a³	-3.8
Q4	-0.1	n/a³	n/a³	3.1	1.3	n/a³	n/a³	3.7
2024
Q1	-5.4	n/a³	n/a³	4.1	-3.7	n/a³	n/a³	4.5
Q2	2.5	n/a³	n/a³	-3.5	1.4	n/a³	n/a³	-4.2
Q3	11.7	n/a³	n/a³	9.9	4.3	n/a³	n/a³	5.8
Q4	-4.8	n/a³	n/a³	-9.6	-2.2	n/a³	n/a³	-8.6
2025
Q1	3.8	n/a³	n/a³	2.5	3.4	n/a³	n/a³	1.5
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

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Quarterly National Accounts Quarter 1 2025 Provisional

Domestic Demand

Domestic Demand

Modified Domestic Demand increased by 0.8% in Q1 2025

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