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Quarterly National Accounts Quarter 1 2026 Final

GDP - Expenditure

Personal Consumption Expenditure increased by 0.8% in Q1 2026

Online ISSN: 2009-5775

CSO statistical release, 02 July 2026, 11am

Table 3.1 Expenditure Components of GDP¹, Q1 2026²
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	41,500	0.8
Net Expenditure by Central and Local Government on Current Goods and Services	14,890	0.3
Gross Domestic Fixed Capital Formation	31,476	-0.6
Net Exports	38,210
Exports of Goods and Services	205,349	-8.4
Less Imports of Goods and Services	-167,139	2.4
Gross Domestic Product	136,592	-7.0
¹Series not additive, Value of Physical Changes in Stocks not shown on table (see Table 3.5 for full detail)
²Constant Market Prices, chain linked annually and referenced to year 2024 and seasonally adjusted

Open in Excel: Quarterly National Accounts Q1 2026 Table 3.1 (XLS 11KB)

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On the expenditure side of the accounts (Table 3.5), Capital Investment increased by €7.9 billion in Q1 2026 compared with the previous quarter and accounted for 39.8% of total domestic demand in Q1 2026.

Personal Consumption Expenditure increased by 0.8% in Q1 2026 compared to Q4 2025, while Government Expenditure increased by 0.3% over the same period. There was an overall decrease in real GDP of 7.0%.

	Personal Consumption Expenditure	Government Expenditure	Gross Fixed Capital Formation	Value of Physical Changes in Stocks	Net Exports	GDP
Q1 2024	39.5289044418	14.1984252843	29.3357432787	1.3855662657	50.4892178662	134.6915902844
Q2 2024	39.7555035252	14.3157487985	13.0531059186	1.9038286349	64.8727160233	134.627300223
Q3 2024	39.7194843962	14.3219248869	31.8083378252	2.094141016	53.8270965191	144.8532895974
Q4 2024	40.1983242633	14.6478314989	28.0009004781	1.0697521674	64.3671337137	147.1010976555
Q1 2025	40.3271817085	14.7295291335	45.7667406737	-3.9164161629	57.5231777326	157.281679276
Q2 2025	40.9319520139	14.8791603361	31.0761941997	2.8528739121	65.3569470639	150.4346166653
Q3 2025	40.8914810651	14.8840551885	33.0680713619	4.7734189331	55.643715541	152.3230491298
Q4 2025	41.162380488	14.8486417363	31.6528048608	-2.3347984909	61.005300287	146.8527017837
Q1 2026	41.4999300394	14.8896414345	31.4757015212	5.7651144371	38.2095277914	136.5916560493

Get the data: NAQ04

	Building & Construction	Machinery & Equipment	Intangibles	Gross Domestic Fixed Capital Formation
Q1 2024	9.281460129	5.5736400554	14.5715209669	29.3357432787
Q2 2024	9.4561017906	8.1636452378	-4.77221768	13.0531059186
Q3 2024	10.3510302725	7.8718333958	13.6198890864	31.8083378252
Q4 2024	9.6431412325	5.2662310043	13.171812009	28.0009004781
Q1 2025	10.0407345361	7.4294735843	28.2965325533	45.7667406737
Q2 2025	10.6612834597	6.5638634868	13.851047253	31.0761941997
Q3 2025	10.4546611282	7.567745997	15.0456642366	33.0680713619
Q4 2025	10.7006908878	7.154328227	13.797785746	31.6528048608
Q1 2026	10.8529169241	6.943548815	13.679235782	31.4757015212

Get the data: NAQ04

Comparisons with Q1 2025

On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by 12.3% (or €4.7 billion) compared to the same quarter of 2025. Personal Consumption Expenditure showed an increase of 2.9%, while Government Expenditure grew by 1.1% over the same period. Exports of Goods and Services decreased by 8.5% (or €18.6 billion), while Imports of Goods and Services increased by 0.2% (or €300 million) over the same period. Net Exports therefore decreased by 30.2% (or €18.9 billion) year-on-year.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

Table 3.2 Expenditure on Gross National Product at Current Market Prices										€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	Statistical Discrepancy	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2020	101,664	40,667	158,415	4,594	533,702	-454,137	-4,204	380,701	-103,801	276,900
2021	113,790	44,429	99,471	4,282	611,669	-424,385	-787	448,469	-128,946	319,523
2022	134,807	48,125	112,736	9,059	726,434	-511,603	3,692	523,248	-165,125	358,124
2023	150,922	52,948	131,595	9,283	717,419	-544,035	2,660	520,792	-126,625	394,167
2024	159,231	57,516	102,251	6,453	824,556	-590,638	2,571	561,940	-134,183	427,757
2025	166,221	61,442	145,261	1,199	884,754	-658,740	2,304	602,441	-173,001	429,440

2020
Q1	26,136	9,277	79,254	2,081	131,539	-152,908	-126	95,253	-25,126	70,127
Q2	22,186	10,256	17,342	1,263	121,390	-84,378	-1,515	86,542	-24,433	62,109
Q3	26,164	10,320	23,881	481	128,691	-86,317	-1,895	101,325	-31,089	70,236
Q4	27,179	10,815	37,938	769	152,083	-130,534	-668	97,581	-23,153	74,428
2021
Q1	25,146	10,651	18,090	1,817	139,419	-87,834	-304	106,984	-34,867	72,117
Q2	27,004	11,133	20,135	251	147,451	-98,024	-1,297	106,654	-33,284	73,371
Q3	29,624	11,332	20,772	3,163	154,990	-100,441	-863	118,577	-33,322	85,256
Q4	32,016	11,314	40,473	-949	169,809	-138,086	1,677	116,254	-27,474	88,780
2022
Q1	31,008	11,521	22,930	1,517	164,845	-109,231	462	123,053	-40,073	82,979
Q2	32,471	11,807	27,375	4,792	176,848	-125,067	-1,820	126,406	-38,322	88,084
Q3	34,100	11,910	30,427	2,621	190,143	-132,436	1,818	138,582	-45,895	92,688
Q4	37,227	12,887	32,004	128	194,597	-144,869	3,232	135,207	-40,834	94,373
2023
Q1	35,840	12,620	27,507	869	181,696	-126,396	-1,369	130,766	-42,897	87,868
Q2	36,628	13,071	29,167	3,571	175,154	-129,933	821	128,479	-31,637	96,842
Q3	37,703	13,055	28,464	4,017	175,031	-125,521	845	133,593	-29,714	103,879
Q4	40,752	14,202	46,457	827	185,538	-162,185	2,364	127,954	-22,376	105,578
2024
Q1	38,436	13,707	25,657	1,485	186,619	-133,798	1,261	133,366	-32,667	100,699
Q2	39,216	14,425	12,837	1,874	213,635	-148,441	1,235	134,780	-26,362	108,418
Q3	39,255	14,278	32,287	2,090	200,883	-145,709	1,172	144,256	-33,496	110,760
Q4	42,325	15,107	31,470	1,004	223,419	-162,689	-1,097	149,538	-41,658	107,880
2025
Q1	39,774	14,782	42,656	-3,994	222,160	-159,412	3,247	159,213	-57,533	101,680
Q2	40,971	15,284	32,232	2,825	216,176	-155,030	-3,842	148,617	-46,070	102,547
Q3	40,835	15,253	34,701	4,693	215,190	-162,920	806	148,558	-35,619	112,938
Q4	44,641	16,123	35,672	-2,325	231,228	-181,379	2,093	146,053	-33,779	112,274
2026
Q1	42,192	15,479	29,554	6,304	204,199	-163,973	4,487	138,242	-20,888	117,354

Percentage change on corresponding period of previous year
2020	-9.6	12.9	-18.2		11.8	-1.3		4.7		1.4
2021	11.9	9.3	-37.2		14.6	-6.6		17.8		15.4
2022	18.5	8.3	13.3		18.8	20.6		16.7		12.1
2023	12.0	10.0	16.7		-1.2	6.3		-0.5		10.1
2024	5.5	8.6	-22.3		14.9	8.6		7.9		8.5
2025	4.4	6.8	42.1		7.3	11.5		7.2		0.4

2020
Q1	-4.0	6.5	345.7		18.1	92.6		9.3		8.1
Q2	-18.8	14.3	-71.6		4.7	-33.2		-0.3		-0.9
Q3	-6.6	12.3	9.2		6.9	-0.4		8.2		-0.9
Q4	-9.2	18.4	-59.2		17.3	-22.1		1.7		-0.4
2021
Q1	-3.8	14.8	-77.2		6.0	-42.6		12.3		2.8
Q2	21.7	8.6	16.1		21.5	16.2		23.2		18.1
Q3	13.2	9.8	-13.0		20.4	16.4		17.0		21.4
Q4	17.8	4.6	6.7		11.7	5.8		19.1		19.3
2022
Q1	23.3	8.2	26.8		18.2	24.4		15.0		15.1
Q2	20.2	6.1	36.0		19.9	27.6		18.5		20.1
Q3	15.1	5.1	46.5		22.7	31.9		16.9		8.7
Q4	16.3	13.9	-20.9		14.6	4.9		16.3		6.3
2023
Q1	15.6	9.5	20.0		10.2	15.7		6.3		5.9
Q2	12.8	10.7	6.5		-1.0	3.9		1.6		9.9
Q3	10.6	9.6	-6.5		-7.9	-5.2		-3.6		12.1
Q4	9.5	10.2	45.2		-4.7	12.0		-5.4		11.9
2024
Q1	7.2	8.6	-6.7		2.7	5.9		2.0		14.6
Q2	7.1	10.4	-56.0		22.0	14.2		4.9		12.0
Q3	4.1	9.4	13.4		14.8	16.1		8.0		6.6
Q4	3.9	6.4	-32.3		20.4	0.3		16.9		2.2
2025
Q1	3.5	7.8	66.3		19.0	19.1		19.4		1.0
Q2	4.5	6.0	151.1		1.2	4.4		10.3		-5.4
Q3	4.0	6.8	7.5		7.1	11.8		3.0		2.0
Q4	5.5	6.7	13.4		3.5	11.5		-2.3		4.1
2026
Q1	6.1	4.7	-30.7		-8.1	2.9		-13.2		15.4

Open in Excel: Quarterly National Accounts Q1 2026 Table 3.2 (XLS 20KB)

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Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2024)

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2024)¹									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2020	123,206	48,259	194,750	4,610	613,842	-524,976	444,879	-119,380	327,040
2021	134,389	51,458	117,381	4,396	694,510	-476,599	518,534	-146,832	373,292
2022	148,980	52,625	123,336	8,646	778,030	-547,946	560,837	-180,574	381,418
2023	155,435	54,794	137,422	9,025	748,142	-563,422	542,298	-132,399	409,914
2024	159,231	57,516	102,251	6,453	824,556	-590,638	561,940	-134,183	427,757
2025	163,350	59,348	141,529	1,375	886,564	-647,425	606,730	-174,905	431,825

2020
Q1	31,343	10,897	95,061	1,884	147,141	-174,465	108,067	-28,062	80,401
Q2	26,959	12,266	21,276	1,469	140,051	-96,296	103,010	-28,136	75,219
Q3	31,774	12,393	30,078	492	151,597	-100,438	119,770	-36,573	83,510
Q4	33,130	12,704	48,334	765	175,054	-153,776	114,032	-26,608	87,911
2021
Q1	30,178	12,755	21,485	1,813	157,880	-99,138	123,095	-39,559	83,786
Q2	32,042	12,879	23,693	209	172,492	-111,160	126,852	-38,953	88,206
Q3	34,933	12,586	23,911	3,247	176,330	-112,081	136,918	-37,924	99,438
Q4	37,235	13,237	48,291	-873	187,808	-154,220	131,670	-30,397	101,862
2022
Q1	35,235	12,526	25,336	1,504	179,148	-120,313	132,919	-44,478	88,672
Q2	35,980	13,054	30,260	4,571	191,646	-134,934	137,333	-42,380	95,284
Q3	37,477	13,382	33,374	2,480	202,365	-139,765	147,611	-49,847	98,007
Q4	40,288	13,662	34,366	91	204,871	-152,933	142,974	-43,870	99,455
2023
Q1	38,143	12,825	28,880	792	187,380	-131,174	135,003	-44,414	90,891
Q2	37,969	13,414	30,269	3,434	184,318	-135,509	134,810	-33,372	101,453
Q3	38,006	13,379	29,482	4,198	185,229	-129,941	140,068	-31,503	108,499
Q4	41,318	15,177	48,792	600	191,216	-166,798	132,418	-23,111	109,070
2024
Q1	38,846	13,719	25,756	1,386	188,023	-135,403	133,110	-32,921	100,194
Q2	39,101	14,311	12,926	1,904	214,435	-148,992	133,472	-26,491	106,952
Q3	38,875	14,221	32,862	2,094	202,721	-145,752	146,675	-33,825	112,843
Q4	42,409	15,265	30,707	1,070	219,377	-160,490	148,684	-40,945	107,768
2025
Q1	39,610	14,208	41,983	-3,916	219,117	-156,582	156,932	-57,318	99,614
Q2	40,370	14,886	31,116	2,853	216,072	-152,654	148,049	-46,552	101,497
Q3	39,913	14,772	34,280	4,773	218,579	-160,608	153,636	-36,611	117,024
Q4	43,458	15,482	34,151	-2,335	232,796	-177,581	148,113	-34,423	113,690
2026
Q1	40,745	14,358	27,626	5,765	200,474	-156,842	136,480	-20,350	116,131

Percentage change on corresponding period of previous year
2020	-9.6	11.6	-16.4		13.6	0.2	7.0		3.7
2021	9.1	6.6	-39.7		13.1	-9.2	16.6		14.1
2022	10.9	2.3	5.1		12.0	15.0	8.2		2.2
2023	4.3	4.1	11.4		-3.8	2.8	-3.3		7.5
2024	2.4	5.0	-25.6		10.2	4.8	3.6		4.4
2025	2.6	3.2	38.4		7.5	9.6	8.0		1.0

2020
Q1	-5.5	3.3	331.5		17.9	92.3	9.1		7.9
Q2	-18.4	14.6	-71.3		6.0	-33.5	2.2		2.0
Q3	-6.3	11.0	13.5		11.6	1.0	11.3		1.4
Q4	-8.5	17.4	-56.1		18.4	-18.6	5.1		3.6
2021
Q1	-3.7	17.1	-77.4		7.3	-43.2	13.9		4.2
Q2	18.9	5.0	11.4		23.2	15.4	23.1		17.3
Q3	9.9	1.6	-20.5		16.3	11.6	14.3		19.1
Q4	12.4	4.2	-0.1		7.3	0.3	15.5		15.9
2022
Q1	16.8	-1.8	17.9		13.5	21.4	8.0		5.8
Q2	12.3	1.4	27.7		11.1	21.4	8.3		8.0
Q3	7.3	6.3	39.6		14.8	24.7	7.8		-1.4
Q4	8.2	3.2	-28.8		9.1	-0.8	8.6		-2.4
2023
Q1	8.3	2.4	14.0		4.6	9.0	1.6		2.5
Q2	5.5	2.8	0.0		-3.8	0.4	-1.8		6.5
Q3	1.4	-0.0	-11.7		-8.5	-7.0	-5.1		10.7
Q4	2.6	11.1	42.0		-6.7	9.1	-7.4		9.7
2024
Q1	1.8	7.0	-10.8		0.3	3.2	-1.4		10.2
Q2	3.0	6.7	-57.3		16.3	9.9	-1.0		5.4
Q3	2.3	6.3	11.5		9.4	12.2	4.7		4.0
Q4	2.6	0.6	-37.1		14.7	-3.8	12.3		-1.2
2025
Q1	2.0	3.6	63.0		16.5	15.6	17.9		-0.6
Q2	3.2	4.0	140.7		0.8	2.5	10.9		-5.1
Q3	2.7	3.9	4.3		7.8	10.2	4.7		3.7
Q4	2.5	1.4	11.2		6.1	10.6	-0.4		5.5
2026
Q1	2.9	1.1	-34.2		-8.5	0.2	-13.0		16.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2026 Table 3.3 (XLS 20KB)

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Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted

Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2020
Q1	26,647	9,398	81,970	2,081	134,390	-157,502	95,853	-23,464	72,390
Q2	22,711	10,228	18,226	1,263	123,449	-85,556	89,680	-23,149	66,531
Q3	26,198	10,289	23,706	481	129,609	-88,657	99,659	-30,609	69,050
Q4	26,003	10,727	34,381	769	146,212	-120,120	97,338	-27,081	70,257
2021
Q1	25,685	10,797	20,825	1,817	141,682	-93,984	106,950	-32,826	74,124
Q2	27,628	11,086	20,963	251	150,266	-99,326	110,451	-31,660	78,791
Q3	29,674	11,370	20,421	3,163	156,211	-103,365	116,130	-32,630	83,500
Q4	30,623	11,152	36,959	-949	163,048	-125,693	115,589	-32,313	83,275
2022
Q1	31,697	11,690	26,044	1,517	166,889	-116,269	123,225	-37,724	85,501
Q2	33,134	11,751	27,858	4,792	180,593	-126,328	130,742	-36,279	94,463
Q3	34,289	12,016	30,074	2,621	191,978	-135,883	135,258	-45,115	90,143
Q4	35,559	12,632	28,783	128	187,542	-132,712	133,589	-46,352	87,237
2023
Q1	36,642	12,814	30,916	869	183,079	-134,368	130,563	-40,394	90,169
Q2	37,247	13,009	29,309	3,571	178,865	-131,041	132,428	-29,200	103,229
Q3	38,093	13,230	28,072	4,017	177,018	-129,307	131,090	-28,909	102,181
Q4	38,867	13,853	43,466	827	177,851	-148,651	127,447	-28,311	99,137
2024
Q1	39,310	13,932	29,064	1,485	190,723	-142,520	133,647	-30,164	103,484
Q2	39,744	14,360	12,722	1,874	215,637	-149,029	137,466	-23,574	113,892
Q3	39,824	14,501	31,740	2,090	203,544	-148,919	142,821	-32,753	110,069
Q4	40,324	14,691	28,672	1,004	214,398	-150,277	147,339	-47,738	99,601
2025
Q1	40,690	15,046	46,309	-3,994	223,118	-168,207	158,088	-55,119	102,969
Q2	41,432	15,209	31,977	2,825	221,071	-156,404	152,659	-43,070	109,588
Q3	41,513	15,509	33,963	4,693	218,510	-166,855	146,831	-34,915	111,916
Q4	42,527	15,654	33,003	-2,325	221,320	-168,125	144,796	-39,889	104,907
2026
Q1	43,171	15,775	33,309	6,304	206,397	-173,712	137,560	-18,539	119,021

Percentage change on previous quarter
2020
Q1	-6.9	3.3	-8.1		8.2	-1.3	2.6		4.7
Q2	-14.8	8.8	-77.8		-8.1	-45.7	-6.4		-8.1
Q3	15.4	0.6	30.1		5.0	3.6	11.1		3.8
Q4	-0.7	4.3	45.0		12.8	35.5	-2.3		1.7
2021
Q1	-1.2	0.7	-39.4		-3.1	-21.8	9.9		5.5
Q2	7.6	2.7	0.7		6.1	5.7	3.3		6.3
Q3	7.4	2.6	-2.6		4.0	4.1	5.1		6.0
Q4	3.2	-1.9	81.0		4.4	21.6	-0.5		-0.3
2022
Q1	3.5	4.8	-29.5		2.4	-7.5	6.6		2.7
Q2	4.5	0.5	7.0		8.2	8.7	6.1		10.5
Q3	3.5	2.3	8.0		6.3	7.6	3.5		-4.6
Q4	3.7	5.1	-4.3		-2.3	-2.3	-1.2		-3.2
2023
Q1	3.0	1.4	7.4		-2.4	1.2	-2.3		3.4
Q2	1.7	1.5	-5.2		-2.3	-2.5	1.4		14.5
Q3	2.3	1.7	-4.2		-1.0	-1.3	-1.0		-1.0
Q4	2.0	4.7	54.8		0.5	15.0	-2.8		-3.0
2024
Q1	1.1	0.6	-33.1		7.2	-4.1	4.9		4.4
Q2	1.1	3.1	-56.2		13.1	4.6	2.9		10.1
Q3	0.2	1.0	149.5		-5.6	-0.1	3.9		-3.4
Q4	1.3	1.3	-9.7		5.3	0.9	3.2		-9.5
2025
Q1	0.9	2.4	61.5		4.1	11.9	7.3		3.4
Q2	1.8	1.1	-31.0		-0.9	-7.0	-3.4		6.4
Q3	0.2	2.0	6.2		-1.2	6.7	-3.8		2.1
Q4	2.4	0.9	-2.8		1.3	0.8	-1.4		-6.3
2026
Q1	1.5	0.8	0.9		-6.7	3.3	-5.0		13.5

Open in Excel: Quarterly National Accounts Q1 2026 Table 3.4 (XLS 18KB)

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Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2024) - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2024)¹ - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2020
Q1	31,765	11,035	98,250	1,884	152,855	-179,672	110,580	-26,888	84,121
Q2	27,850	12,309	22,247	1,469	141,354	-97,715	104,407	-27,012	77,758
Q3	31,822	12,343	29,941	492	151,813	-104,029	117,757	-37,254	80,735
Q4	31,546	12,521	44,444	765	167,872	-142,487	112,393	-28,349	84,454
2021
Q1	30,592	12,956	24,593	1,813	162,953	-104,706	125,091	-38,214	87,159
Q2	32,899	12,910	24,606	209	174,141	-112,791	128,316	-37,748	90,896
Q3	35,012	12,610	23,488	3,247	176,249	-116,152	134,348	-38,743	95,967
Q4	35,448	12,907	44,497	-873	180,062	-141,771	130,044	-32,220	98,313
2022
Q1	35,740	12,819	28,760	1,504	184,635	-127,391	134,553	-43,037	91,769
Q2	36,852	13,077	30,832	4,571	193,688	-136,453	138,869	-41,048	98,169
Q3	37,827	13,439	32,805	2,480	202,308	-144,338	144,971	-50,783	94,346
Q4	38,347	13,218	31,048	91	197,869	-139,547	142,411	-45,787	96,886
2023
Q1	38,782	13,208	32,494	792	191,621	-139,438	135,699	-42,899	93,029
Q2	38,772	13,429	30,606	3,434	186,367	-136,758	136,476	-31,925	104,523
Q3	38,597	13,463	28,688	4,198	185,032	-133,437	138,041	-32,521	105,497
Q4	39,241	14,593	45,810	600	183,738	-153,862	131,233	-25,093	105,984
2024
Q1	39,529	14,198	29,336	1,386	194,843	-144,354	134,692	-31,429	103,256
Q2	39,756	14,316	13,053	1,904	215,121	-150,248	134,627	-24,886	109,685
Q3	39,719	14,322	31,808	2,094	202,855	-149,028	144,853	-34,893	109,962
Q4	40,198	14,648	28,001	1,070	211,482	-147,115	147,101	-43,021	104,141
2025
Q1	40,327	14,730	45,767	-3,916	223,551	-166,028	157,282	-55,823	101,459
Q2	40,932	14,879	31,076	2,853	219,198	-153,841	150,435	-44,842	105,593
Q3	40,891	14,884	33,068	4,773	219,371	-163,727	152,323	-37,706	114,617
Q4	41,162	14,849	31,653	-2,335	224,185	-163,180	146,853	-36,562	110,291
2026
Q1	41,500	14,890	31,476	5,765	205,349	-167,139	136,592	-18,855	117,736

Percentage change on previous quarter
2020
Q1	-8.2	2.8	-7.5		8.5	0.2	4.1		4.2
Q2	-12.3	11.5	-77.4		-7.5	-45.6	-5.6		-7.6
Q3	14.3	0.3	34.6		7.4	6.5	12.8		3.8
Q4	-0.9	1.4	48.4		10.6	37.0	-4.6		4.6
2021
Q1	-3.0	3.5	-44.7		-2.9	-26.5	11.3		3.2
Q2	7.5	-0.4	0.1		6.9	7.7	2.6		4.3
Q3	6.4	-2.3	-4.5		1.2	3.0	4.7		5.6
Q4	1.2	2.4	89.4		2.2	22.1	-3.2		2.4
2022
Q1	0.8	-0.7	-35.4		2.5	-10.1	3.5		-6.7
Q2	3.1	2.0	7.2		4.9	7.1	3.2		7.0
Q3	2.6	2.8	6.4		4.5	5.8	4.4		-3.9
Q4	1.4	-1.6	-5.4		-2.2	-3.3	-1.8		2.7
2023
Q1	1.1	-0.1	4.7		-3.2	-0.1	-4.7		-4.0
Q2	-0.0	1.7	-5.8		-2.7	-1.9	0.6		12.4
Q3	-0.5	0.3	-6.3		-0.7	-2.4	1.1		0.9
Q4	1.7	8.4	59.7		-0.7	15.3	-4.9		0.5
2024
Q1	0.7	-2.7	-36.0		6.0	-6.2	2.6		-2.6
Q2	0.6	0.8	-55.5		10.4	4.1	-0.0		6.2
Q3	-0.1	0.0	143.7		-5.7	-0.8	7.6		0.3
Q4	1.2	2.3	-12.0		4.3	-1.3	1.6		-5.3
2025
Q1	0.3	0.6	63.4		5.7	12.9	6.9		-2.6
Q2	1.5	1.0	-32.1		-1.9	-7.3	-4.4		4.1
Q3	-0.1	0.0	6.4		0.1	6.4	1.3		8.5
Q4	0.7	-0.2	-4.3		2.2	-0.3	-3.6		-3.8
2026
Q1	0.8	0.3	-0.6		-8.4	2.4	-7.0		6.8
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2026 Table 3.5 (XLS 20KB)

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Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 3.6 Components of 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	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2020	4,840	2,705	14,871	1,165	17,782	10,168	117,053	158,415
2021	4,853	5,114	15,426	1,476	20,612	11,284	51,990	99,471
2022	8,315	5,779	15,973	1,897	26,731	14,405	54,040	112,736
2023	11,048	8,281	16,697	1,569	29,395	15,256	64,607	131,595
2024	11,359	8,242	17,580	1,623	26,844	12,483	36,602	102,251
2025	14,664	8,983	18,421	1,819	28,028	12,983	73,347	145,261

2020
Q1	1,275	608	3,621	376	..	..	..	79,254
Q2	749	677	2,351	194	..	..	..	17,342
Q3	1,270	657	4,214	217	4,710	2,469	12,813	23,881
Q4	1,546	762	4,685	379	6,065	4,355	24,501	37,938
	4,840	2,705	14,871	1,165	17,782	10,168	117,053	158,415
2021
Q1	1,002	871	2,593	332	5,232	2,769	8,060	18,090
Q2	1,205	1,303	3,125	360	5,324	3,186	8,818	20,135
Q3	1,164	1,358	4,483	332	3,940	1,390	9,494	20,772
Q4	1,481	1,582	5,225	451	6,116	3,938	25,617	40,473
	4,853	5,114	15,426	1,476	20,612	11,284	51,990	99,471
2022
Q1	1,657	1,267	3,248	417	5,678	2,885	10,664	22,930
Q2	2,174	1,388	3,619	438	7,120	3,390	12,636	27,375
Q3	2,220	1,500	4,518	592	6,505	3,317	15,092	30,427
Q4	2,264	1,623	4,588	449	7,429	4,813	15,649	32,004
	8,315	5,779	15,973	1,897	26,731	14,405	54,040	112,736
2023
Q1	2,391	1,978	3,729	378	7,119	3,098	11,911	27,507
Q2	2,518	1,943	3,949	372	7,916	4,424	12,469	29,167
Q3	3,072	2,070	4,595	396	6,417	2,734	11,912	28,464
Q4	3,066	2,289	4,423	423	7,942	5,001	28,314	46,457
	11,048	8,281	16,697	1,569	29,395	15,256	64,607	131,595
2024
Q1	2,339	1,951	3,472	342	5,447	1,006	12,105	25,657
Q2	2,606	1,880	4,176	389	8,492	4,835	-4,706	12,837
Q3	3,609	2,159	4,930	382	7,303	3,920	13,905	32,287
Q4	2,806	2,252	5,002	510	5,602	2,723	15,298	31,470
	11,359	8,242	17,580	1,623	26,844	12,483	36,602	102,251
2025
Q1	2,553	2,156	4,043	416	7,173	2,796	26,316	42,656
Q2	3,819	2,158	4,460	440	6,816	2,937	14,538	32,232
Q3	4,021	2,213	5,027	440	6,887	3,322	16,113	34,701
Q4	4,271	2,456	4,890	524	7,152	3,927	16,379	35,672
	14,664	8,983	18,421	1,819	28,028	12,983	73,347	145,261
2026
Q1	3,632	2,509	3,723	453	6,720	1,124	12,518	29,554

Percentage change on corresponding period of previous year
2020	11.4	-6.1	-8.4	-22.6	-31.4	-41.2	-18.0	-18.2
2021	0.3	89.1	3.7	26.6	15.9	11.0	-55.6	-37.2
2022	71.4	13.0	3.5	28.5	29.7	27.7	3.9	13.3
2023	32.9	43.3	4.5	-17.3	10.0	5.9	19.6	16.7
2024	2.8	-0.5	5.3	3.5	-8.7	-18.2	-43.3	-22.3
2025	29.1	9.0	4.8	12.1	4.4	4.0	100.4	42.1

2020
Q1	32.9	-12.9	17.1	13.0	..	..	..	345.7
Q2	-26.2	-0.8	-31.0	-43.1	..	..	..	-71.6
Q3	1.4	-18.6	-6.4	-43.1	-24.1	-41.8	47.1	9.2
Q4	38.4	10.2	-10.4	-15.8	-16.5	-15.6	-68.7	-59.2
2021
Q1	-21.4	43.1	-28.4	-11.6	..	..	..	-77.2
Q2	61.0	92.5	32.9	86.0	..	..	..	16.1
Q3	-8.3	106.7	6.4	53.4	-16.3	-43.7	-25.9	-13.0
Q4	-4.2	107.7	11.5	18.9	0.9	-9.6	4.6	6.7
2022
Q1	65.3	45.5	25.3	25.5	8.5	4.2	32.3	26.8
Q2	80.4	6.5	15.8	21.7	33.7	6.4	43.3	36.0
Q3	90.7	10.5	0.8	78.3	65.1	138.6	59.0	46.5
Q4	52.9	2.6	-12.2	-0.4	21.5	22.2	-38.9	-20.9
2023
Q1	44.3	56.1	14.8	-9.4	25.4	7.4	11.7	20.0
Q2	15.8	40.0	9.1	-15.2	11.2	30.5	-1.3	6.5
Q3	38.4	38.0	1.7	-33.1	-1.3	-17.6	-21.1	-6.5
Q4	35.4	41.0	-3.6	-5.8	6.9	3.9	80.9	45.2
2024
Q1	-2.2	-1.4	-6.9	-9.5	-23.5	-67.5	1.6	-6.7
Q2	3.5	-3.2	5.7	4.7	7.3	9.3	..	-56.0
Q3	17.5	4.3	7.3	-3.6	13.8	43.4	16.7	13.4
Q4	-8.5	-1.6	13.1	20.6	-29.5	-45.5	-46.0	-32.3
2025
Q1	9.1	10.5	16.4	21.5	31.7	178.1	117.4	66.3
Q2	46.6	14.8	6.8	13.0	-19.7	-39.2	..	151.1
Q3	11.4	2.5	2.0	15.1	-5.7	-15.3	15.9	7.5
Q4	52.2	9.1	-2.2	2.6	27.7	44.2	7.1	13.4
2026
Q1	42.3	16.4	-7.9	9.1	-6.3	-59.8	-52.4	-30.7
.. From Q1 2020 to Q4 2024 indicates data suppressed for confidentiality reasons and from Q1 2025 indicates percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful

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Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2024) - Non-Seasonally Adjusted

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2024)¹ - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2020	8,169	3,658	20,112	1,579	20,356	12,128	136,690	194,750
2021	7,838	6,234	18,810	1,836	23,371	13,102	59,030	117,381
2022	11,135	6,254	17,283	2,101	28,591	15,759	58,377	123,336
2023	11,957	8,529	17,195	1,674	30,089	15,703	68,343	137,422
2024	11,359	8,242	17,580	1,623	26,844	12,483	36,602	102,251
2025	13,350	8,784	18,016	1,718	28,649	12,677	71,013	141,529

2020
Q1	2,173	787	4,823	512	..	..	..	95,061
Q2	1,269	1,014	3,415	264	..	..	..	21,276
Q3	2,139	866	5,654	294	5,402	2,949	16,009	30,078
Q4	2,588	992	6,219	509	6,923	5,178	30,581	48,334
	8,169	3,658	20,112	1,579	20,356	12,128	136,690	194,750
2021
Q1	1,650	1,102	3,333	436	5,977	3,254	8,966	21,485
Q2	1,977	1,688	4,002	463	6,049	3,722	9,656	23,693
Q3	1,880	1,633	5,420	407	4,478	1,611	10,403	23,911
Q4	2,330	1,811	6,055	530	6,867	4,516	30,006	48,291
	7,838	6,234	18,810	1,836	23,371	13,102	59,030	117,381
2022
Q1	2,307	1,406	3,628	477	6,312	3,270	11,312	25,336
Q2	2,970	1,499	3,936	492	7,701	3,781	13,805	30,260
Q3	2,953	1,648	4,899	646	6,880	3,607	16,460	33,374
Q4	2,905	1,701	4,820	485	7,698	5,101	16,799	34,366
	11,135	6,254	17,283	2,101	28,591	15,759	58,377	123,336
2023
Q1	2,674	2,074	3,890	408	7,355	3,232	12,579	28,880
Q2	2,763	2,000	4,067	403	8,115	4,562	13,014	30,269
Q3	3,299	2,115	4,714	423	6,569	2,802	12,584	29,482
Q4	3,221	2,340	4,525	440	8,050	5,108	30,166	48,792
	11,957	8,529	17,195	1,674	30,089	15,703	68,343	137,422
2024
Q1	2,397	1,968	3,513	354	5,461	1,011	12,122	25,756
Q2	2,645	1,864	4,167	397	8,506	4,851	-4,869	12,926
Q3	3,576	2,203	4,982	379	7,302	3,911	14,491	32,862
Q4	2,741	2,207	4,918	494	5,575	2,710	14,858	30,707
	11,359	8,242	17,580	1,623	26,844	12,483	36,602	102,251
2025
Q1	2,386	2,117	3,976	404	7,289	2,745	25,810	41,983
Q2	3,532	2,052	4,293	422	6,978	2,871	13,840	31,116
Q3	3,632	2,225	4,997	411	7,059	3,242	15,955	34,280
Q4	3,800	2,390	4,749	481	7,323	3,819	15,408	34,151
	13,350	8,784	18,016	1,718	28,649	12,677	71,013	141,529
2026
Q1	3,198	2,427	3,594	413	6,852	1,090	11,141	27,626

Percentage change on corresponding period of previous year
2020	-0.8	-8.8	-11.0	-23.4	-31.0	-41.9	-14.9	-16.4
2021	-4.1	70.4	-6.5	16.3	14.8	8.0	-56.8	-39.7
2022	42.1	0.3	-8.1	14.4	22.3	20.3	-1.1	5.1
2023	7.4	36.4	-0.5	-20.3	5.2	-0.4	17.1	11.4
2024	-5.0	-3.4	2.2	-3.1	-10.8	-20.5	-46.4	-25.6
2025	17.5	6.6	2.5	5.8	6.7	1.6	94.0	38.4

2020
Q1	18.1	-22.4	7.9	11.1	..	..	..	331.5
Q2	-34.5	4.3	-29.5	-43.8	..	..	..	-71.3
Q3	-9.2	-23.4	-10.7	-43.2	-23.0	-42.4	61.9	13.5
Q4	22.9	10.8	-10.6	-16.9	-16.8	-16.5	-64.8	-56.1
2021
Q1	-24.1	40.1	-30.9	-14.7	..	..	..	-77.4
Q2	55.9	66.5	17.2	75.3	..	..	..	11.4
Q3	-12.1	88.7	-4.1	38.4	-17.1	-45.4	-35.0	-20.5
Q4	-10.0	82.6	-2.6	4.0	-0.8	-12.8	-1.9	-0.1
2022
Q1	39.8	27.6	8.9	9.3	5.6	0.5	26.2	17.9
Q2	50.2	-11.1	-1.7	6.4	27.3	1.6	43.0	27.7
Q3	57.0	0.9	-9.6	58.8	53.6	123.9	58.2	39.6
Q4	24.7	-6.1	-20.4	-8.5	12.1	13.0	-44.0	-28.8
2023
Q1	15.9	47.5	7.2	-14.4	16.5	-1.2	11.2	14.0
Q2	-7.0	33.4	3.3	-18.2	5.4	20.6	-5.7	0.0
Q3	11.7	28.4	-3.8	-34.5	-4.5	-22.3	-23.6	-11.7
Q4	10.9	37.5	-6.1	-9.3	4.6	0.1	79.6	42.0
2024
Q1	-10.3	-5.1	-9.7	-13.3	-25.7	-68.7	-3.6	-10.8
Q2	-4.3	-6.8	2.5	-1.6	4.8	6.4	..	-57.3
Q3	8.4	4.2	5.7	-10.6	11.2	39.6	15.2	11.5
Q4	-14.9	-5.7	8.7	12.3	-30.8	-46.9	-50.7	-37.1
2025
Q1	-0.5	7.6	13.2	14.2	33.5	171.4	112.9	63.0
Q2	33.5	10.0	3.0	6.4	-18.0	-40.8	..	140.7
Q3	1.6	1.0	0.3	8.6	-3.3	-17.1	10.1	4.3
Q4	38.6	8.3	-3.4	-2.7	31.4	40.9	3.7	11.2
2026
Q1	34.0	14.6	-9.6	2.3	-6.0	-60.3	-56.8	-34.2
¹Chain linked series not additive
.. From Q1 2020 to Q4 2024 indicates data suppressed for confidentiality reasons and from Q1 2025 indicates percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful

Open in Excel: Quarterly National Accounts Q1 2026 Table 3.7 (XLS 19KB)

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Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2024) - Seasonally Adjusted

Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2024)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	Intangible Assets	Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2020
Q1	6,777	..	..	81,970	9,579	..	..	98,250
Q2	4,301	..	..	18,226	6,589	..	..	22,247
Q3	5,879	5,308	12,520	23,706	8,499	6,080	15,666	29,941
Q4	6,582	5,256	22,543	34,381	9,296	6,059	28,681	44,444
2021
Q1	5,474	5,421	9,929	20,825	7,495	6,124	11,054	24,593
Q2	6,396	5,343	9,225	20,963	8,784	6,119	10,026	24,606
Q3	6,797	4,511	9,113	20,421	8,942	5,109	9,865	23,488
Q4	7,908	5,383	23,669	36,959	9,870	6,084	28,101	44,497
2022
Q1	7,469	5,862	12,713	26,044	8,851	6,461	13,575	28,760
Q2	8,006	6,969	12,883	27,858	9,300	7,570	14,070	30,832
Q3	8,259	7,123	14,691	30,074	9,509	7,554	15,805	32,805
Q4	8,184	6,857	13,742	28,783	9,055	7,099	14,961	31,048
2023
Q1	9,568	7,271	14,078	30,916	10,228	7,442	14,955	32,494
Q2	9,097	7,654	12,558	29,309	9,662	7,886	13,174	30,606
Q3	9,555	7,013	11,504	28,072	9,830	7,204	11,811	28,688
Q4	9,464	7,515	26,486	43,466	9,721	7,612	28,409	45,810
2024
Q1	9,127	5,602	14,336	29,064	9,281	5,574	14,572	29,336
Q2	9,316	8,118	-4,713	12,722	9,456	8,164	-4,772	13,053
Q3	10,461	7,844	13,435	31,740	10,351	7,872	13,620	31,808
Q4	9,828	5,311	13,533	28,672	9,643	5,266	13,172	28,001
2025
Q1	10,332	7,364	28,613	46,309	10,041	7,429	28,297	45,767
Q2	11,104	6,355	14,518	31,977	10,661	6,564	13,851	31,076
Q3	11,066	7,368	15,529	33,963	10,455	7,568	15,046	33,068
Q4	11,342	6,998	14,663	33,003	10,701	7,154	13,798	31,653
2026
Q1	11,575	6,856	14,878	33,309	10,853	6,944	13,679	31,476

Percentage change on previous quarter
2020
Q1	3.1	..	..	-8.1	0.1	..	..	-7.5
Q2	-36.5	..	..	-77.8	-31.2	..	..	-77.4
Q3	36.7	..	..	30.1	29.0	..	..	34.6
Q4	12.0	-1.0	80.1	45.0	9.4	-0.3	83.1	48.4
2021
Q1	-16.8	3.1	-56.0	-39.4	-19.4	1.1	-61.5	-44.7
Q2	16.8	-1.5	-7.1	0.7	17.2	-0.1	-9.3	0.1
Q3	6.3	-15.6	-1.2	-2.6	1.8	-16.5	-1.6	-4.5
Q4	16.3	19.3	159.7	81.0	10.4	19.1	184.8	89.4
2022
Q1	-5.5	8.9	-46.3	-29.5	-10.3	6.2	-51.7	-35.4
Q2	7.2	18.9	1.3	7.0	5.1	17.2	3.6	7.2
Q3	3.2	2.2	14.0	8.0	2.2	-0.2	12.3	6.4
Q4	-0.9	-3.7	-6.5	-4.3	-4.8	-6.0	-5.3	-5.4
2023
Q1	16.9	6.0	2.4	7.4	12.9	4.8	-0.0	4.7
Q2	-4.9	5.3	-10.8	-5.2	-5.5	6.0	-11.9	-5.8
Q3	5.0	-8.4	-8.4	-4.2	1.7	-8.6	-10.3	-6.3
Q4	-1.0	7.2	130.2	54.8	-1.1	5.7	140.5	59.7
2024
Q1	-3.6	-25.5	-45.9	-33.1	-4.5	-26.8	-48.7	-36.0
Q2	2.1	44.9	..	-56.2	1.9	46.5	..	-55.5
Q3	12.3	-3.4	..	149.5	9.5	-3.6	..	143.7
Q4	-6.0	-32.3	0.7	-9.7	-6.8	-33.1	-3.3	-12.0
2025
Q1	5.1	38.6	111.4	61.5	4.1	41.1	114.8	63.4
Q2	7.5	-13.7	-49.3	-31.0	6.2	-11.7	-51.1	-32.1
Q3	-0.3	15.9	7.0	6.2	-1.9	15.3	8.6	6.4
Q4	2.5	-5.0	-5.6	-2.8	2.4	-5.5	-8.3	-4.3
2026
Q1	2.0	-2.0	1.5	0.9	1.4	-2.9	-0.9	-0.6
¹Chain linked series not additive
.. From Q1 2020 to Q4 2024 indicates data suppressed for confidentiality reasons and from Q1 2025 indicates percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful