Table 2.1 Gross Domestic Product1 by NACE Rev. 2 A10 Sector of Origin, Q1 20252 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 47,981 | 17.1 |
Information and Communication | 28,729 | 3.8 |
Professional, Admin and Support Services | 14,091 | 0.4 |
Distribution, Transport, Hotels and Restaurants | 12,188 | 1.3 |
Public Admin, Education and Health | 11,968 | 1.2 |
Real Estate Activities | 7,348 | -1.0 |
Financial and Insurance Activities | 4,737 | 9.4 |
Construction | 3,108 | 6.7 |
Arts, Entertainment and Other Services | 1,603 | 8.0 |
Agriculture, Forestry and Fishing | 1,588 | 1.6 |
Gross Domestic Product | 144,644 | 9.7 |
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 2022, seasonally adjusted |
The MNE dominated sectors of the economy expanded by 12.4% in the first quarter of 2025. The Industry (excluding Construction) sector recorded strong growth in Q1 compared to the previous quarter, increasing by 17.1%, while the Information & Communication sector grew by 3.8% in the quarter. The non-MNE sectors also expanded this quarter, increasing by 0.7%. This included robust growth in the domestic facing Construction and Arts & Entertainment sectors which increased by 6.7% and 8.0% respectively. The domestically dominated Distribution, Transport, Hotels & Restaurants sector increased by 1.3% quarter-on-quarter. Other sectors with quarter-on-quarter increases include Financial and Insurance Activities (9.4%), Agriculture, Forestry and Fishing (1.6%), Public Administration, Education & Health (1.2%) and Professional & Administrative Services (0.4%). The Real Estate Activities sector declined by 1.0%. (See Tables 2.5 and 6.3).
Column1 | Q1 2025 | Q4 2024 |
---|---|---|
Industry (excl. Construction) | 47.9805990982 | 40.9730966977 |
Information and Communication | 28.7285684133 | 27.6640095323 |
Professional, Admin and Support Services | 14.0914539253 | 14.0405828888 |
Distribution, Transport, Hotels and Restaurants | 12.1884385682 | 12.0374919363 |
Public Admin, Education and Health | 11.9683068229 | 11.8284512771 |
Real Estate Activities | 7.3477188502 | 7.4251146014 |
Financial and Insurance Activities | 4.7370281014 | 4.3288729174 |
Construction | 3.1081125167 | 2.9120088922 |
Arts, Entertainment and Other Services | 1.6031954154 | 1.4848194718 |
Agriculture Forestry and Fishing | 1.5879161062 | 1.5636648246 |
Get the data: NAQ02
Column1 | Q1 2025 |
---|---|
Real Estate Activities | -1.04235093132983 |
Professional, Admin & Support Services | 0.36231427785367 |
Public Admin, Education & Health | 1.18236565822241 |
Distribution, Transport, Hotels & Restaurants | 1.25397078310647 |
Agriculture, Forestry & Fishing | 1.55092582620471 |
Information & Communication | 3.84817276670268 |
Construction | 6.7343072002725 |
Arts, Entertainment & Other Services | 7.97241320229298 |
Financial & Insurance Activities | 9.42867096789586 |
Industry (excl. Construction) | 17.102691681328 |
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 2022 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2022 | 97.5307581252654 | 102.563019255139 | 103.965201484977 | 101.696692561226 | 104.621159481828 | 96.9146259818145 | 103.093827197638 | 100.428339455832 | 101.769827024956 | 111.769545361029 |
Q3 2022 | 112.21840612008 | 109.978472043936 | 103.547943558784 | 102.423323920343 | 107.908485195576 | 94.9453295561005 | 103.29678921444 | 99.633128533973 | 102.717578951272 | 115.803472924676 |
Q4 2022 | 108.526322580868 | 119.064262476252 | 101.219479195456 | 103.194493597849 | 103.57906110239 | 93.8343336703385 | 103.366997882576 | 102.084262158729 | 103.734136889764 | 120.226071638139 |
Q1 2023 | 118.782282382437 | 85.2121477022832 | 102.89251430425 | 98.90403171477 | 107.46213228142 | 114.890382777215 | 111.207967440916 | 102.082471920489 | 105.946002162914 | 114.53428688082 |
Q2 2023 | 127.768573793644 | 90.2053149909432 | 98.7054182319059 | 102.068574866286 | 113.068206741064 | 114.975070713838 | 113.519993947297 | 103.200614183212 | 105.983500010018 | 116.031374700993 |
Q3 2023 | 115.406930373204 | 83.7925192341068 | 96.4517939690512 | 101.81270785855 | 112.508233387624 | 104.136921860774 | 114.830345389687 | 103.753210391386 | 107.501898323398 | 115.605016098256 |
Q4 2023 | 117.741216986886 | 78.9166703754513 | 98.7508602610531 | 100.582879783705 | 113.443509763511 | 104.723599453565 | 114.702726599798 | 103.189180431541 | 108.927308841292 | 119.200460964265 |
Q1 2024 | 116.549690761038 | 71.4749565104551 | 95.5323288798749 | 103.506027794452 | 114.320579192995 | 104.307855911669 | 114.033838770807 | 104.633057079965 | 109.392375661108 | 121.123494521417 |
Q2 2024 | 115.915884299947 | 74.7777104173607 | 96.846642716851 | 102.271799783528 | 114.603443562815 | 97.2348562030275 | 115.007641295464 | 109.668959815673 | 110.135711432245 | 108.019234668777 |
Q3 2024 | 115.637545284624 | 85.3167024758406 | 100.520862025321 | 101.028482273885 | 122.324308998662 | 101.226593354478 | 117.626076278941 | 113.313242474067 | 110.201414783096 | 109.506908653686 |
Q4 2024 | 113.898750943195 | 88.6149014227603 | 96.9766259262407 | 102.050668821399 | 132.623732465018 | 94.0943436587035 | 119.023711415039 | 107.599189444513 | 110.91386368448 | 112.612949776676 |
Q1 2025 | 115.665236087297 | 103.770434796808 | 103.507329828573 | 103.330354392384 | 137.727322819921 | 102.966189721684 | 117.783066650601 | 107.989036670726 | 112.225271118893 | 121.590919452164 |
Estimates for the first quarter of 2025 indicate that there was an increase of 22.2% in GDP in real terms in Q1 2025 compared with Q1 2024. Gross Value Added (GVA) for the MNE-dominated sectors expanded by 42.0% in Q1 2025 compared with Q1 2024. The Industry (excluding Construction) sector increased by 44.9% in Q1 compared with the equivalent quarter of 2024 while the Information and Communication sector rose by 20.7% year-on-year over the same period.
Of the domestic based economic sectors, Construction increased by 10.3% year-on-year while Distribution, Transport, Hotels & Restaurants posted a modest rise of 0.5% over the same period. Other sectors to record growth in Q1 2025 compared to the equivalent quarter last year were Real Estate Activities (3.1%), Professional & Administrative Services (3.0%), Public Administration, Education & Health (2.7%), Financial and Insurance Activities (0.5%) and Arts & Entertainment (0.4%). The Agriculture, Forestry & Fishing sector contracted by 0.4% year-on-year in Q1 2025.
Overall, the domestic based sectors grew by 1.3% 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 63KB)
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