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Quarterly National Accounts Quarter 1 2026 Provisional

Foreign and Domestic GVA

Multinational sector contracted by 27.1% in Q1 2026 while Non-MNE dominated expanded by 0.4%

Online ISSN: 2009-5775

CSO statistical release, 04 June 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	53,871	-27.1
Other	69,411	0.4
Total GVA (MNE dominated + Other)	123,282	-13.8
¹Constant Market Prices, chain linked annually and referenced to year 2023, 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 27.1% in the first quarter of 2026. GVA for the non-MNE dominated sectors of the economy rose by 0.4% over the same period.

Real GVA for the total economy amounted to €123.3 billion in the Q1 2026 reference period, with GVA for MNE dominated sectors representing 43.7% of Total GVA while GVA for the non-MNE dominated sectors represented 56.3% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2023	-18.8883733574471	3.76702846720993
Q2 2023	5.91060124501237	2.01801897414755
Q3 2023	-6.26847654428385	0.138346528900835
Q4 2023	-0.360714313244681	0.964094813387617
Q1 2024	-7.73565996688138	0.973398469123876
Q2 2024	4.83378408809112	0.275806310822935
Q3 2024	10.7812799758087	2.16941969622373
Q4 2024	7.80468215889221	-0.278864685389657
Q1 2025	11.7088418451345	-0.0197030860046188
Q2 2025	0.767869376284325	-0.38671407402634
Q3 2025	-0.072775233611122	-0.132680420119924
Q4 2025	-2.79818175080445	1.49884870183059
Q1 2026	-27.0954170403553	0.431179985493069

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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 2023)

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2023)¹						€million
	Current Basic Prices			Constant Basic Prices
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2020	174,789	183,876	358,665	189,456	214,307	402,396
2021	217,785	204,858	422,643	237,505	231,524	468,704
2022	263,044	233,934	496,978	269,585	240,232	509,871
2023	237,410	261,863	499,274	237,410	261,863	499,274
2024	256,280	279,597	535,877	241,013	271,311	512,324
2025	319,303	290,957	610,260	301,402	273,872	575,275

2020
Q1	43,628	47,531	91,159	44,272	55,514	99,017
Q2	40,592	41,083	81,676	45,635	48,081	93,679
Q3	46,853	46,770	93,624	50,259	54,511	104,601
Q4	43,715	48,492	92,207	49,291	56,201	105,100

2021
Q1	53,580	47,148	100,728	56,929	53,394	110,323
Q2	50,443	49,835	100,278	57,283	56,842	114,009
Q3	57,630	52,499	110,129	62,876	58,987	121,863
Q4	56,132	55,376	111,508	60,417	62,302	122,509

2022
Q1	61,414	54,139	115,553	62,667	56,877	119,537
Q2	60,802	57,879	118,682	63,734	59,838	123,528
Q3	71,538	59,715	131,253	71,451	60,780	132,299
Q4	69,290	62,201	131,491	71,734	62,736	134,507

2023
Q1	60,042	62,760	122,801	58,439	62,782	121,223
Q2	59,253	65,715	124,969	60,492	65,760	126,253
Q3	60,774	66,252	127,026	61,000	66,182	127,182
Q4	57,341	67,137	124,478	57,480	67,140	124,616

2024
Q1	59,376	67,521	126,897	53,614	65,691	119,305
Q2	61,011	69,378	130,389	55,029	67,217	122,245
Q3	65,501	71,400	136,901	65,572	69,041	134,613
Q4	70,393	71,298	141,691	66,798	69,363	136,161

2025
Q1	87,366	71,664	159,030	74,928	67,245	142,173
Q2	80,127	72,403	152,531	74,073	68,103	142,176
Q3	77,634	71,174	148,807	79,525	68,374	147,899
Q4	74,176	75,716	149,892	72,876	70,150	143,026
2026
Q1	60,701	74,833	135,533	53,559	68,207	121,765

Annual Percentage Changes
2020	15.0	-3.8	4.6	24.3	-5.5	7.7
2021	24.6	11.4	17.8	25.4	8.0	16.5
2022	20.8	14.2	17.6	13.5	3.8	8.8
2023	-9.7	11.9	0.5	-11.9	9.0	-2.1
2024	7.9	6.8	7.3	1.5	3.6	2.6
2025	24.6	4.1	13.9	25.1	0.9	12.3

Percentage change on corresponding period of previous year
2020
Q1	22.0	4.0	11.9	28.5	2.0	13.3
Q2	13.9	-12.0	-0.8	20.2	-14.0	1.2
Q3	22.3	-3.4	8.0	28.0	-5.4	9.5
Q4	3.4	-3.6	-0.4	21.2	-4.6	7.0

2021
Q1	22.8	-0.8	10.5	28.6	-3.8	11.4
Q2	24.3	21.3	22.8	25.5	18.2	21.7
Q3	23.0	12.2	17.6	25.1	8.2	16.5
Q4	28.4	14.2	20.9	22.6	10.9	16.6

2022
Q1	14.6	14.8	14.7	10.1	6.5	8.4
Q2	20.5	16.1	18.4	11.3	5.3	8.3
Q3	24.1	13.7	19.2	13.6	3.0	8.6
Q4	23.4	12.3	17.9	18.7	0.7	9.8

2023
Q1	-2.2	15.9	6.3	-6.7	10.4	1.4
Q2	-2.5	13.5	5.3	-5.1	9.9	2.2
Q3	-15.0	10.9	-3.2	-14.6	8.9	-3.9
Q4	-17.2	7.9	-5.3	-19.9	7.0	-7.4

2024
Q1	-1.1	7.6	3.3	-8.3	4.6	-1.6
Q2	3.0	5.6	4.3	-9.0	2.2	-3.2
Q3	7.8	7.8	7.8	7.5	4.3	5.8
Q4	22.8	6.2	13.8	16.2	3.3	9.3

2025
Q1	47.1	6.1	25.3	39.8	2.4	19.2
Q2	31.3	4.4	17.0	34.6	1.3	16.3
Q3	18.5	-0.3	8.7	21.3	-1.0	9.9
Q4	5.4	6.2	5.8	9.1	1.1	5.0
2026
Q1	-30.5	4.4	-14.8	-28.5	1.4	-14.4
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 2023) - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2023)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	42,423	48,916	91,339	45,078	57,356	102,434
Q2	43,570	41,276	84,846	46,795	48,222	95,017
Q3	46,022	46,239	92,260	49,313	53,696	103,009
Q4	45,576	47,545	93,122	49,540	55,283	104,824

2021
Q1	53,542	48,486	102,028	57,832	55,147	112,979
Q2	53,669	49,899	103,568	58,883	56,849	115,732
Q3	56,582	52,000	108,582	61,156	58,213	119,369
Q4	55,667	54,502	110,169	61,200	61,436	122,635

2022
Q1	61,622	55,504	117,127	63,466	58,583	122,049
Q2	63,974	57,753	121,727	65,814	59,713	125,526
Q3	68,118	59,281	127,399	69,045	60,173	129,218
Q4	67,777	61,575	129,352	72,921	62,005	134,926

2023
Q1	60,091	63,908	123,999	59,147	64,341	123,488
Q2	61,716	65,514	127,230	62,643	65,639	128,283
Q3	59,182	65,954	125,136	58,717	65,730	124,447
Q4	58,023	66,698	124,721	58,505	66,364	124,869

2024
Q1	56,948	68,327	125,275	53,979	67,010	120,989
Q2	61,201	69,225	130,426	56,588	67,195	123,783
Q3	66,255	71,263	137,518	62,689	68,652	131,342
Q4	72,445	70,897	143,342	67,582	68,461	136,043

2025
Q1	81,807	72,243	154,050	75,495	68,447	143,943
Q2	81,991	72,272	154,263	76,075	68,183	144,258
Q3	77,971	71,293	149,264	76,019	68,092	144,112
Q4	80,971	75,108	156,079	73,892	69,113	143,005

2026
Q1	57,230	75,408	132,638	53,871	69,411	123,282

Percentage change on previous quarter
2020
Q1	4.8	-0.6	1.9	11.5	-0.9	4.2
Q2	2.7	-15.6	-7.1	3.8	-15.9	-7.2
Q3	5.6	12.0	8.7	5.4	11.4	8.4
Q4	-1.0	2.8	0.9	0.5	3.0	1.8

2021
Q1	17.5	2.0	9.6	16.7	-0.2	7.8
Q2	0.2	2.9	1.5	1.8	3.1	2.4
Q3	5.4	4.2	4.8	3.9	2.4	3.1
Q4	-1.6	4.8	1.5	0.1	5.5	2.7

2022
Q1	10.7	1.8	6.3	3.7	-4.6	-0.5
Q2	3.8	4.1	3.9	3.7	1.9	2.8
Q3	6.5	2.6	4.7	4.9	0.8	2.9
Q4	-0.5	3.9	1.5	5.6	3.0	4.4

2023
Q1	-11.3	3.8	-4.1	-18.9	3.8	-8.5
Q2	2.7	2.5	2.6	5.9	2.0	3.9
Q3	-4.1	0.7	-1.6	-6.3	0.1	-3.0
Q4	-2.0	1.1	-0.3	-0.4	1.0	0.3

2024
Q1	-1.9	2.4	0.4	-7.7	1.0	-3.1
Q2	7.5	1.3	4.1	4.8	0.3	2.3
Q3	8.3	2.9	5.4	10.8	2.2	6.1
Q4	9.3	-0.5	4.2	7.8	-0.3	3.6

2025
Q1	12.9	1.9	7.5	11.7	-0.0	5.8
Q2	0.2	0.0	0.1	0.8	-0.4	0.2
Q3	-4.9	-1.4	-3.2	-0.1	-0.1	-0.1
Q4	3.8	5.4	4.6	-2.8	1.5	-0.8

2026
Q1	-29.3	0.4	-15.0	-27.1	0.4	-13.8
¹Chain linked series not additive