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Quarterly National Accounts Quarter 1 2025 Provisional

Foreign and Domestic GVA

Multinational sector expanded by 12.4% in Q1 2025 while Non-MNE dominated rose by 0.7%

Online ISSN: 2009-5775

CSO statistical release, 05 June 2025, 11am

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q1 2025¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	68,191	12.4
Other	64,596	0.7
Total GVA (MNE dominated + Other)	132,787	6.4
1Constant Market Prices, chain linked annually and referenced to year 2022, seasonally adjusted

Open in Excel: Quarterly National Accounts Q1 2025 Table 6.1 (XLS 9KB)

On a seasonally adjusted basis, estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector rose by 12.4% for the first quarter of 2025, largely driven by an expansion in the Industry (excluding Construction) sector of 17.1% quarter-on-quarter. GVA for the non-MNE dominated sectors of the economy rose by 0.7% over the same period.

Real GVA for the total economy amounted to almost €133 billion in the Q1 2025 reference period, with GVA for MNE dominated sectors representing approximately 51.4% of Total GVA while GVA for the non-MNE dominated sectors represented approximately 48.6% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2022	5.37152288591469	-2.04876288693313
Q2 2022	4.72238864839152	1.44254006477293
Q3 2022	4.44216998287821	1.07128487181505
Q4 2022	4.51585606618068	1.66315437362083
Q1 2023	-22.3568887983852	2.56608660646196
Q2 2023	7.92590417989085	1.44224597100047
Q3 2023	-7.46957673848037	-0.142252129403353
Q4 2023	-2.92021415249012	1.14271985027032
Q1 2024	-8.47151263862357	0.642204007394098
Q2 2024	6.02950040010444	0.0182537970613073
Q3 2024	11.6058504194499	0.624127187896262
Q4 2024	6.82565668351278	-0.111972268857652
Q1 2025	12.402945261607	0.678597863618324

The classification of value added for the total economy between (a) the Foreign-owned MNE dominated sector and (b) the Other sector in Tables 6.2 and 6.3 is determined by business accounting turnover. Foreign-owned MNE dominated sectors are defined as those where MNE turnover on average exceeds 85% of the sector total. Economic activity classified to the Non-MNE dominated sector falls below this turnover threshold.
The main sectors dominated by MNEs in Ireland are:

Pharma and Chemical production
Computer, electronic and optical device manufacturing
Medical instrument production
Information & Communications, including software publishing

The combination of all remaining non-MNE dominated sectors provides an estimation of the value-added contribution of the domestic-facing side of the economy to the overall economy.

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2022)¹

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2022)¹						€million
	Current Basic Prices			Constant Basic Prices
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2019	151,956	190,993	342,950	145,795	221,615	361,124
2020	174,551	185,508	360,059	181,274	210,004	389,526
2021	217,932	206,310	424,242	227,246	226,438	453,120
2022	261,298	236,232	497,530	261,298	236,232	497,530
2023	223,853	260,336	484,190	218,851	250,716	469,567
2024	226,308	273,752	500,060	216,803	256,003	472,807

2019
Q1	35,748	45,678	81,427	32,956	53,118	84,436
Q2	35,626	46,651	82,277	36,339	54,572	89,392
Q3	38,305	48,378	86,682	37,581	56,288	92,308
Q4	42,278	50,286	92,564	38,920	57,637	94,988

2020
Q1	43,572	47,917	91,489	42,360	54,477	95,927
Q2	40,536	41,440	81,976	43,664	47,198	90,753
Q3	46,752	47,154	93,906	48,088	53,257	101,107
Q4	43,690	48,997	92,688	47,162	55,073	101,739

2021
Q1	53,624	47,447	101,071	54,485	52,723	107,142
Q2	50,468	50,202	100,670	54,784	55,822	110,415
Q3	57,710	52,865	110,575	60,219	57,709	117,880
Q4	56,130	55,795	111,926	57,758	60,184	117,682

2022
Q1	60,954	54,624	115,578	60,617	56,213	116,792
Q2	60,483	58,412	118,895	61,664	58,860	120,440
Q3	71,133	60,268	131,401	69,337	59,884	129,297
Q4	68,728	62,928	131,656	69,680	61,274	131,000

2023
Q1	56,587	62,436	119,023	53,894	60,275	114,168
Q2	55,962	65,338	121,300	55,920	63,036	118,956
Q3	57,385	65,625	123,010	56,362	63,128	119,490
Q4	53,919	66,937	120,856	52,675	64,277	116,952

2024
Q1	51,213	65,916	117,129	47,814	62,294	110,108
Q2	49,210	68,024	117,235	48,506	64,101	112,606
Q3	59,907	69,552	129,459	59,239	64,657	123,896
Q4	65,978	70,260	136,238	61,245	64,952	126,197

2025
Q1	77,911	68,244	146,155	67,874	63,103	130,976

Annual Percentage Changes
2019	13.6	5.5	9.0	6.7	4.4	5.4
2020	14.9	-2.9	5.0	24.3	-5.2	7.9
2021	24.9	11.2	17.8	25.4	7.8	16.3
2022	19.9	14.5	17.3	15.0	4.3	9.8
2023	-14.3	10.2	-2.7	-16.2	6.1	-5.6
2024	1.1	5.2	3.3	-0.9	2.1	0.7

Percentage change on corresponding period of previous year
2019
Q1	11.1	7.1	8.8	2.1	5.5	4.1
Q2	16.0	4.2	9.0	7.2	3.8	5.2
Q3	12.0	5.0	8.0	8.6	3.9	5.9
Q4	15.2	5.9	10.0	8.4	4.4	6.1

2020
Q1	21.9	4.9	12.4	28.5	2.6	13.6
Q2	13.8	-11.2	-0.4	20.2	-13.5	1.5
Q3	22.1	-2.5	8.3	28.0	-5.4	9.5
Q4	3.3	-2.6	0.1	21.2	-4.4	7.1

2021
Q1	23.1	-1.0	10.5	28.6	-3.2	11.7
Q2	24.5	21.1	22.8	25.5	18.3	21.7
Q3	23.4	12.1	17.8	25.2	8.4	16.6
Q4	28.5	13.9	20.8	22.5	9.3	15.7

2022
Q1	13.7	15.1	14.4	11.3	6.6	9.0
Q2	19.8	16.4	18.1	12.6	5.4	9.1
Q3	23.3	14.0	18.8	15.1	3.8	9.7
Q4	22.4	12.8	17.6	20.6	1.8	11.3

2023
Q1	-7.2	14.3	3.0	-11.1	7.2	-2.2
Q2	-7.5	11.9	2.0	-9.3	7.1	-1.2
Q3	-19.3	8.9	-6.4	-18.7	5.4	-7.6
Q4	-21.5	6.4	-8.2	-24.4	4.9	-10.7

2024
Q1	-9.5	5.6	-1.6	-11.3	3.4	-3.6
Q2	-12.1	4.1	-3.4	-13.3	1.7	-5.3
Q3	4.4	6.0	5.2	5.1	2.4	3.7
Q4	22.4	5.0	12.7	16.3	1.1	7.9

2025
Q1	52.1	3.5	24.8	42.0	1.3	19.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 Table 6.2 (XLS 18KB)

Visit Table NAQ06 on PxStat

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted						€million
	Current Basic Prices			Constant Basic Prices
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2019
Q1	34,657	46,946	81,603	33,340	54,738	88,077
Q2	38,521	46,920	85,441	37,094	54,825	91,920
Q3	38,805	47,894	86,699	37,031	55,506	92,537
Q4	40,141	49,124	89,265	38,379	56,463	94,843

2020
Q1	42,355	49,326	91,682	42,867	56,218	99,085
Q2	43,826	41,648	85,473	44,568	47,336	91,903
Q3	45,942	46,667	92,609	46,876	52,572	99,448
Q4	45,162	47,924	93,086	46,977	53,984	100,961

2021
Q1	53,489	48,857	102,346	55,002	54,412	109,413
Q2	54,570	50,308	104,878	56,190	55,829	112,019
Q3	56,476	52,397	108,873	58,194	57,086	115,280
Q4	54,896	54,683	109,579	57,829	59,106	116,935

2022
Q1	61,263	56,209	117,472	60,935	57,895	118,830
Q2	65,614	58,335	123,950	63,812	58,730	122,543
Q3	67,094	59,824	126,918	66,647	59,360	126,007
Q4	65,437	61,879	127,316	69,657	60,347	130,003

2023
Q1	56,959	64,091	121,050	54,084	61,895	115,979
Q2	61,037	65,146	126,183	58,370	62,788	121,158
Q3	54,639	65,195	119,834	54,010	62,699	116,709
Q4	52,659	65,970	118,629	52,433	63,415	115,848

2024
Q1	49,477	67,538	117,015	47,991	63,822	111,814
Q2	52,570	67,830	120,400	50,885	63,834	114,719
Q3	58,730	69,040	127,770	56,790	64,232	121,023
Q4	64,886	69,354	134,240	60,667	64,161	124,827

2025
Q1	73,879	69,872	143,751	68,191	64,596	132,787

Percentage change on previous quarter
2019
Q1	-1.1	1.1	0.1	-4.6	1.1	-1.1
Q2	11.1	-0.1	4.7	11.3	0.2	4.4
Q3	0.7	2.1	1.5	-0.2	1.2	0.7
Q4	3.4	2.6	3.0	3.6	1.7	2.5

2020
Q1	5.5	0.4	2.7	11.7	-0.4	4.5
Q2	3.5	-15.6	-6.8	4.0	-15.8	-7.2
Q3	4.8	12.1	8.3	5.2	11.1	8.2
Q4	-1.7	2.7	0.5	0.2	2.7	1.5

2021
Q1	18.4	1.9	9.9	17.1	0.8	8.4
Q2	2.0	3.0	2.5	2.2	2.6	2.4
Q3	3.5	4.2	3.8	3.6	2.3	2.9
Q4	-2.8	4.4	0.6	-0.6	3.5	1.4

2022
Q1	11.6	2.8	7.2	5.4	-2.0	1.6
Q2	7.1	3.8	5.5	4.7	1.4	3.1
Q3	2.3	2.6	2.4	4.4	1.1	2.8
Q4	-2.5	3.4	0.3	4.5	1.7	3.2

2023
Q1	-13.0	3.6	-4.9	-22.4	2.6	-10.8
Q2	7.2	1.6	4.2	7.9	1.4	4.5
Q3	-10.5	0.1	-5.0	-7.5	-0.1	-3.7
Q4	-3.6	1.2	-1.0	-2.9	1.1	-0.7

2024
Q1	-6.0	2.4	-1.4	-8.5	0.6	-3.5
Q2	6.3	0.4	2.9	6.0	0.0	2.6
Q3	11.7	1.8	6.1	11.6	0.6	5.5
Q4	10.5	0.5	5.1	6.8	-0.1	3.1

2025
Q1	13.9	0.7	7.1	12.4	0.7	6.4
¹Chain linked series not additive