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Quarterly National Accounts Quarter 1 2026 Final

Foreign and Domestic GVA

Multinational sector contracted by 7.5% in Q1 2026 while Non-MNE dominated expanded by 0.1%

Online ISSN: 2009-5775

CSO statistical release, 02 July 2026, 11am

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q1 2026¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	63,544	-7.5
Other	72,144	0.1
Total GVA (MNE dominated + Other)	135,688	-3.6
¹Constant Market Prices, chain linked annually and referenced to year 2024, seasonally adjusted

Open in Excel: Quarterly National Accounts Q1 2026 Table 6.1 (XLS 9KB)

Visit Table NAQ06 on PxStat

On a seasonally adjusted basis, estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector fell by 7.5% in the first quarter of 2026. GVA for the non-MNE dominated sectors of the economy rose by 0.1% over the same period.

Real GVA for the total economy amounted to €135.7 billion in the Q1 2026 reference period, with GVA for MNE dominated sectors representing 46.8% of Total GVA while GVA for the non-MNE dominated sectors represented 53.2% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2024	-0.214079265828848	3.64146813608712
Q2 2024	2.76483281310593	-1.22762922052854
Q3 2024	10.0642352740139	0.772040055752687
Q4 2024	4.48316731954304	1.41404389971409
Q1 2025	21.7254003141421	0.221217365117643
Q2 2025	-18.9269707489102	0.347447954530211
Q3 2025	2.96478143847603	1.25951815608087
Q4 2025	-2.35675521677217	-0.229347308990513
Q1 2026	-7.5472459664722	0.1288474060682

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 2024)

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2024)¹						€million
	Current Basic Prices			Constant Basic Prices
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2020	173,188	183,491	356,678	192,573	220,557	411,582
2021	217,013	205,781	422,794	243,303	238,820	481,760
2022	263,718	236,531	500,249	278,223	249,895	528,125
2023	233,112	262,462	495,574	245,773	268,790	514,534
2024	254,435	280,462	534,897	254,435	280,462	534,897
2025	282,469	290,974	573,443	291,354	286,727	578,081

2020
Q1	43,214	47,327	90,541	44,989	58,385	102,430
Q2	40,201	41,054	81,254	46,394	49,206	95,560
Q3	46,423	46,699	93,122	51,086	55,686	106,601
Q4	43,350	48,411	91,761	50,105	57,280	106,991

2021
Q1	53,408	47,291	100,699	58,308	55,086	113,393
Q2	50,267	50,083	100,349	58,693	58,671	117,235
Q3	57,437	52,781	110,219	64,430	60,858	125,288
Q4	55,901	55,626	111,527	61,871	64,205	125,845

2022
Q1	61,494	54,662	116,156	64,594	59,152	123,728
Q2	60,944	58,528	119,472	65,789	62,253	127,986
Q3	71,786	60,411	132,197	73,737	63,003	136,800
Q4	69,494	62,929	132,424	74,103	65,488	139,612

2023
Q1	58,963	62,893	121,856	60,578	64,734	125,305
Q2	58,151	65,848	123,999	62,552	67,408	129,953
Q3	59,759	66,404	126,163	63,212	67,780	130,986
Q4	56,239	67,317	123,556	59,432	68,869	128,290

2024
Q1	59,163	67,227	126,390	56,528	68,891	125,509
Q2	60,639	69,790	130,429	58,380	69,263	127,711
Q3	64,818	71,645	136,463	69,220	70,220	139,356
Q4	69,815	71,799	141,614	70,308	72,088	142,321

2025
Q1	83,086	70,632	153,718	81,048	69,721	150,769
Q2	66,101	72,715	138,816	66,545	71,072	137,617
Q3	66,890	73,116	140,006	73,794	72,659	146,453
Q4	66,393	74,511	140,904	69,966	73,276	143,242

2026
Q1	60,701	72,555	133,256	60,976	70,731	131,707

Annual Percentage Changes
2020	14.0	-3.8	4.1	23.4	-5.4	7.4
2021	25.3	12.1	18.5	26.3	8.3	17.1
2022	21.5	14.9	18.3	14.4	4.6	9.6
2023	-11.6	11.0	-0.9	-11.7	7.6	-2.6
2024	9.1	6.9	7.9	3.5	4.3	4.0
2025	11.0	3.7	7.2	14.5	2.2	8.1

Percentage change on corresponding period of previous year
2020
Q1	20.9	3.7	11.2	27.6	4.5	14.3
Q2	12.8	-11.9	-1.2	19.3	-14.3	0.7
Q3	21.2	-3.4	7.5	27.0	-6.0	8.8
Q4	2.5	-3.5	-0.8	20.3	-5.4	6.2

2021
Q1	23.6	-0.1	11.2	29.6	-5.7	10.7
Q2	25.0	22.0	23.5	26.5	19.2	22.7
Q3	23.7	13.0	18.4	26.1	9.3	17.5
Q4	29.0	14.9	21.5	23.5	12.1	17.6

2022
Q1	15.1	15.6	15.4	10.8	7.4	9.1
Q2	21.2	16.9	19.1	12.1	6.1	9.2
Q3	25.0	14.5	19.9	14.4	3.5	9.2
Q4	24.3	13.1	18.7	19.8	2.0	10.9

2023
Q1	-4.1	15.1	4.9	-6.2	9.4	1.3
Q2	-4.6	12.5	3.8	-4.9	8.3	1.5
Q3	-16.8	9.9	-4.6	-14.3	7.6	-4.3
Q4	-19.1	7.0	-6.7	-19.8	5.2	-8.1

2024
Q1	0.3	6.9	3.7	-6.7	6.4	0.2
Q2	4.3	6.0	5.2	-6.7	2.8	-1.7
Q3	8.5	7.9	8.2	9.5	3.6	6.4
Q4	24.1	6.7	14.6	18.3	4.7	10.9

2025
Q1	40.4	5.1	21.6	43.4	1.2	20.1
Q2	9.0	4.2	6.4	14.0	2.6	7.8
Q3	3.2	2.1	2.6	6.6	3.5	5.1
Q4	-4.9	3.8	-0.5	-0.5	1.6	0.6

2026
Q1	-26.9	2.7	-13.3	-24.8	1.4	-12.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2026 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 2024) - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2024)¹ - Seasonally Adjusted						€million
	Current Basic Prices			Constant Basic Prices
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2020
Q1	42,863	48,712	91,575	45,884	60,048	105,932
Q2	42,910	41,225	84,136	47,481	49,327	96,808
Q3	45,400	46,154	91,553	50,044	55,088	105,132
Q4	42,248	47,482	89,731	49,630	56,269	105,899

2021
Q1	52,936	48,660	101,596	59,503	56,649	116,153
Q2	53,246	50,134	103,380	60,233	58,675	118,908
Q3	55,762	52,252	108,015	62,557	60,380	122,937
Q4	55,250	54,708	109,958	61,507	63,120	124,626

2022
Q1	60,951	56,166	117,117	66,039	60,674	126,713
Q2	63,908	58,377	122,285	67,811	62,185	129,996
Q3	69,745	59,900	129,645	71,078	62,701	133,779
Q4	69,117	62,168	131,285	73,593	64,417	138,010

2023
Q1	58,529	64,381	122,910	62,253	66,192	128,446
Q2	60,383	65,572	125,955	64,655	67,379	132,034
Q3	58,375	65,924	124,299	60,654	67,533	128,188
Q4	55,951	66,693	122,644	58,743	67,785	126,528

2024
Q1	58,912	68,620	127,532	58,617	70,253	128,870
Q2	62,311	69,496	131,806	60,238	69,390	129,629
Q3	63,866	71,136	135,002	66,301	69,926	136,227
Q4	69,340	71,232	140,572	69,273	70,915	140,188

2025
Q1	82,820	72,000	154,821	84,323	71,072	155,395
Q2	67,456	72,409	139,865	68,363	71,319	139,682
Q3	66,389	72,664	139,053	70,390	72,217	142,607
Q4	65,860	73,846	139,706	68,731	72,051	140,782

2026
Q1	60,443	73,998	134,441	63,544	72,144	135,688

Percentage change on previous quarter
2020
Q1	5.9	-0.8	2.2	12.2	0.9	5.5
Q2	0.1	-15.4	-8.1	3.5	-17.9	-8.6
Q3	5.8	12.0	8.8	5.4	11.7	8.6
Q4	-6.9	2.9	-2.0	-0.8	2.1	0.7

2021
Q1	25.3	2.5	13.2	19.9	0.7	9.7
Q2	0.6	3.0	1.8	1.2	3.6	2.4
Q3	4.7	4.2	4.5	3.9	2.9	3.4
Q4	-0.9	4.7	1.8	-1.7	4.5	1.4

2022
Q1	10.3	2.7	6.5	7.4	-3.9	1.7
Q2	4.9	3.9	4.4	2.7	2.5	2.6
Q3	9.1	2.6	6.0	4.8	0.8	2.9
Q4	-0.9	3.8	1.3	3.5	2.7	3.2

2023
Q1	-15.3	3.6	-6.4	-15.4	2.8	-6.9
Q2	3.2	1.8	2.5	3.9	1.8	2.8
Q3	-3.3	0.5	-1.3	-6.2	0.2	-2.9
Q4	-4.2	1.2	-1.3	-3.2	0.4	-1.3

2024
Q1	5.3	2.9	4.0	-0.2	3.6	1.9
Q2	5.8	1.3	3.4	2.8	-1.2	0.6
Q3	2.5	2.4	2.4	10.1	0.8	5.1
Q4	8.6	0.1	4.1	4.5	1.4	2.9

2025
Q1	19.4	1.1	10.1	21.7	0.2	10.8
Q2	-18.6	0.6	-9.7	-18.9	0.3	-10.1
Q3	-1.6	0.4	-0.6	3.0	1.3	2.1
Q4	-0.8	1.6	0.5	-2.4	-0.2	-1.3

2026
Q1	-8.2	0.2	-3.8	-7.5	0.1	-3.6
¹Chain linked series not additive