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Quarterly National Accounts Quarter 2 2025

Domestic Demand

Modified Domestic Demand increased by 0.6% in Q2 2025

Online ISSN: 2009-5775

CSO statistical release, 04 September 2025, 11am

Table 5.1 Modified Final Domestic Demand by Component, Q2 2025¹
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	40,687	1.0
Net Expenditure by Central and Local Government on Current Goods and Services	14,590	2.5
Modified Gross Domestic Fixed Capital Formation	15,576	-2.1
Modified Final Domestic Demand	70,853	0.6
¹Constant Market Prices, chain linked annually and referenced to year 2023 and seasonally adjusted

Open in Excel: Quarterly National Accounts Q2 2025 Table 5.1 (XLS 10KB)

Final Domestic Demand decreased by 15.7% in Q2 2025 compared with Q1 2025, while Modified Final Domestic Demand increased by 0.6% over the same period. (See Table 5.5)

	Personal Consumption of Goods and Services	Net Expenditure by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand
Q1 2023	38.3757323049	12.8663250073	16.6051747528	67.8406647428
Q2 2023	38.5101402108	13.0395761306	15.4997670567	67.0434894562
Q3 2023	38.032221801	13.2263405102	14.955656068	66.2152073507
Q4 2023	38.8885801329	14.0424605958	14.9230928034	67.8657058251
Q1 2024	39.1336687969	13.5518957052	15.4156635399	68.1012280422
Q2 2024	39.4855326734	13.9081546411	14.5569869955	67.9506743101
Q3 2024	39.5668658597	14.0691200474	15.0564035439	68.6923894511
Q4 2024	40.2045286728	14.4117277218	14.0737071701	68.6899635647
Q1 2025	40.2954896937	14.2286121039	15.9176933539	70.4417951516
Q2 2025	40.6871581986	14.5903446125	15.5756681559	70.8531709671

Get the data: NAQ05

	Modified Final Domestic Demand
Q1 2023	7.50002473409273
Q2 2023	-1.17506998143707
Q3 2023	-1.23544002888023
Q4 2023	2.49262751026114
Q1 2024	0.34704157900749
Q2 2024	-0.221073446732423
Q3 2024	1.09154934594924
Q4 2024	-0.00353152135103008
Q1 2025	2.55034577977311
Q2 2025	0.583993940833927

Get the data: NAQ05

	Modified Final Domestic Demand	Net Exports & Other
Q1 2023	3.49505681738286	-5.15245851737175
Q2 2023	-0.598579945065749	1.1654842713763
Q3 2023	-0.618431400480823	-1.94345401137546
Q4 2023	1.26473491788077	-3.80634479143444
Q1 2024	0.185181257798169	1.5458582563806
Q2 2024	-0.116359860577282	0.56227128432363
Q3 2024	0.570711399330072	4.42918933349643
Q4 2024	-0.00177771023931585	4.33093822677481
Q1 2025	1.2304873520432	6.30236714851407
Q2 2025	0.268709105391408	-0.0551762490684572

Comparisons with Q2 2024

Final Domestic Demand increased by 29.3% in Q2 2025 compared with Q2 2024, while Modified Final Domestic Demand grew by 4.4% over the same period.

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023) - Non-Seasonally Adjusted

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand
2019	112,422	36,078	193,555	342,056	1,788	343,843	134,038	41,566	223,286	398,791	1,668	399,082
2020	102,101	40,725	157,989	300,815	4,594	305,409	121,518	46,365	186,513	354,241	4,742	358,556
2021	114,296	44,493	99,007	257,796	4,279	262,075	132,360	49,439	112,093	293,914	4,519	298,159
2022	135,461	48,314	110,101	293,876	9,061	302,937	146,605	50,683	115,202	312,345	8,895	321,265
2023	153,926	53,217	130,596	337,739	9,288	347,027	153,926	53,217	130,596	337,739	9,288	347,027
2024	164,748	57,298	97,634	319,679	5,067	324,746	158,459	56,048	93,421	307,929	5,257	313,186

2019
Q1	27,191	8,728	17,782	53,700	1,036	54,737	32,614	10,141	21,117	63,731	971	64,713
Q2	27,295	8,988	60,983	97,267	-318	96,948	32,470	10,287	71,112	113,908	-239	113,041
Q3	27,974	9,208	21,860	59,042	1,174	60,216	33,355	10,731	25,408	69,368	1,056	70,435
Q4	29,962	9,155	92,929	132,047	-105	131,942	35,599	10,406	105,649	151,784	-120	150,893
	112,422	36,078	193,555	342,056	1,788	343,843	134,038	41,566	223,286	398,791	1,668	399,082
2020
Q1	26,208	9,291	79,024	114,523	2,067	116,590	30,911	10,470	90,951	132,739	1,926	134,541
Q2	22,279	10,270	17,149	49,698	1,267	50,965	26,597	11,784	20,216	58,364	1,514	59,987
Q3	26,305	10,334	23,887	60,526	485	61,010	31,337	11,906	28,923	71,922	509	72,233
Q4	27,309	10,830	37,929	76,068	775	76,843	32,674	12,204	46,423	91,216	793	91,795
	102,101	40,725	157,989	300,815	4,594	305,409	121,518	46,365	186,513	354,241	4,742	358,556
2021
Q1	25,269	10,662	17,994	53,925	1,811	55,736	29,731	12,250	20,500	62,538	1,859	64,462
Q2	27,120	11,150	20,022	58,292	261	58,553	31,563	12,376	22,596	66,570	224	66,622
Q3	29,744	11,349	20,657	61,750	3,162	64,912	34,402	12,094	22,807	69,299	3,338	72,884
Q4	32,163	11,332	40,334	83,829	-955	82,874	36,664	12,719	46,190	95,508	-903	94,190
	114,296	44,493	99,007	257,796	4,279	262,075	132,360	49,439	112,093	293,914	4,519	298,159
2022
Q1	31,131	11,565	22,329	65,025	1,520	66,545	34,683	12,064	23,601	70,290	1,550	71,811
Q2	32,625	11,853	26,695	71,173	4,796	75,969	35,412	12,572	28,200	76,159	4,703	81,065
Q3	34,277	11,959	29,756	75,993	2,625	78,618	36,879	12,890	31,217	80,969	2,556	83,551
Q4	37,428	12,936	31,321	81,685	120	81,805	39,631	13,158	32,184	84,926	85	84,838
	135,461	48,314	110,101	293,876	9,061	302,937	146,605	50,683	115,202	312,345	8,895	321,265
2023
Q1	36,028	12,678	27,327	76,033	878	76,911	37,636	12,435	27,471	77,464	824	78,183
Q2	37,674	13,130	28,960	79,764	3,574	83,338	37,823	13,002	28,774	79,546	3,536	83,190
Q3	38,401	13,130	28,163	79,694	4,004	83,698	37,483	13,062	27,944	78,430	4,306	82,908
Q4	41,823	14,280	46,145	102,248	832	103,080	40,984	14,718	46,407	102,300	622	102,746
	153,926	53,217	130,596	337,739	9,288	347,027	153,926	53,217	130,596	337,739	9,288	347,027
2024
Q1	39,178	13,653	25,066	77,897	1,148	79,046	38,287	13,003	24,051	75,341	1,091	76,432
Q2	40,568	14,382	11,546	66,497	1,736	68,234	38,955	13,905	11,120	63,981	1,823	65,804
Q3	40,803	14,223	30,989	86,015	1,780	87,795	38,745	13,891	30,207	82,843	1,842	84,685
Q4	44,199	15,039	30,033	89,270	403	89,673	42,472	15,249	28,043	85,764	501	86,265
	164,748	57,298	97,634	319,679	5,067	324,746	158,459	56,048	93,421	307,929	5,257	313,186
2025
Q1	41,008	14,463	42,010	97,482	-4,733	92,749	39,381	13,568	40,265	93,214	-4,865	88,348
Q2	42,461	15,233	30,165	87,859	1,643	89,502	40,214	14,604	27,888	82,706	1,678	84,384

Percentage change on corresponding period of previous year
2019	4.6	9.1	107.0	46.1		46.3	2.9	5.8	99.7	42.0		42.2
2020	-9.2	12.9	-18.4	-12.1		-11.2	-9.3	11.5	-16.5	-11.2		-10.2
2021	11.9	9.3	-37.3	-14.3		-14.2	8.9	6.6	-39.9	-17.0		-16.8
2022	18.5	8.6	11.2	14.0		15.6	10.8	2.5	2.8	6.3		7.7
2023	13.6	10.1	18.6	14.9		14.6	5.0	5.0	13.4	8.1		8.0
2024	7.0	7.7	-25.2	-5.3		-6.4	2.9	5.3	-28.5	-8.8		-9.8

2019
Q1	4.6	8.5	13.6	8.1		6.2	3.0	7.2	12.5	6.6		4.8
Q2	5.0	9.4	249.1	88.2		86.5	3.3	4.9	241.7	83.9		82.2
Q3	4.3	8.2	12.1	7.7		9.8	2.8	5.9	9.5	5.6		7.6
Q4	4.4	10.4	127.4	69.6		72.2	2.5	5.4	115.4	62.4		65.1
2020
Q1	-3.6	6.5	344.4	113.3		113.0	-5.2	3.2	330.7	108.3		107.9
Q2	-18.4	14.3	-71.9	-48.9		-47.4	-18.1	14.6	-71.6	-48.8		-46.9
Q3	-6.0	12.2	9.3	2.5		1.3	-6.1	10.9	13.8	3.7		2.6
Q4	-8.9	18.3	-59.2	-42.4		-41.8	-8.2	17.3	-56.1	-39.9		-39.2
2021
Q1	-3.6	14.8	-77.2	-52.9		-52.2	-3.8	17.0	-77.5	-52.9		-52.1
Q2	21.7	8.6	16.8	17.3		14.9	18.7	5.0	11.8	14.1		11.1
Q3	13.1	9.8	-13.5	2.0		6.4	9.8	1.6	-21.1	-3.6		0.9
Q4	17.8	4.6	6.3	10.2		7.8	12.2	4.2	-0.5	4.7		2.6
2022
Q1	23.2	8.5	24.1	20.6		19.4	16.7	-1.5	15.1	12.4		11.4
Q2	20.3	6.3	33.3	22.1		29.7	12.2	1.6	24.8	14.4		21.7
Q3	15.2	5.4	44.0	23.1		21.1	7.2	6.6	36.9	16.8		14.6
Q4	16.4	14.2	-22.3	-2.6		-1.3	8.1	3.5	-30.3	-11.1		-9.9
2023
Q1	15.7	9.6	22.4	16.9		15.6	8.5	3.1	16.4	10.2		8.9
Q2	15.5	10.8	8.5	12.1		9.7	6.8	3.4	2.0	4.4		2.6
Q3	12.0	9.8	-5.4	4.9		6.5	1.6	1.3	-10.5	-3.1		-0.8
Q4	11.7	10.4	47.3	25.2		26.0	3.4	11.9	44.2	20.5		21.1
2024
Q1	8.7	7.7	-8.3	2.5		2.8	1.7	4.6	-12.4	-2.7		-2.2
Q2	7.7	9.5	-60.1	-16.6		-18.1	3.0	6.9	-61.4	-19.6		-20.9
Q3	6.3	8.3	10.0	7.9		4.9	3.4	6.3	8.1	5.6		2.1
Q4	5.7	5.3	-34.9	-12.7		-13.0	3.6	3.6	-39.6	-16.2		-16.0
2025
Q1	4.7	5.9	67.6	25.1		17.3	2.9	4.3	67.4	23.7		15.6
Q2	4.7	5.9	161.2	32.1		31.2	3.2	5.0	150.8	29.3		28.2
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2025 Table 5.2 (XLS 23KB)

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Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023) - Seasonally Adjusted

Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand
2019
Q1	27,664	8,835	19,349	55,848	1,036	56,884	33,088	10,285	23,621	66,816	971	67,782
Q2	27,971	8,977	61,749	98,697	-318	98,379	33,531	10,366	72,485	116,420	-239	115,540
Q3	28,108	9,141	21,846	59,095	1,174	60,269	33,567	10,651	25,381	69,426	1,056	70,493
Q4	28,628	9,116	90,331	128,075	-105	127,970	33,992	10,340	101,557	146,053	-120	145,187
2020
Q1	26,733	9,413	80,838	116,984	2,067	119,051	31,336	10,625	93,917	136,317	1,926	138,103
Q2	22,775	10,242	17,818	50,835	1,267	52,102	27,459	11,848	21,361	60,405	1,514	62,019
Q3	26,405	10,302	23,835	60,542	485	61,027	31,373	11,884	28,768	71,755	509	72,067
Q4	26,076	10,739	35,286	72,101	775	72,876	31,129	12,053	42,361	85,430	793	86,034
2021
Q1	25,844	10,813	19,738	56,395	1,811	58,207	30,167	12,464	23,585	66,264	1,859	68,177
Q2	27,705	11,103	20,778	59,586	261	59,847	32,399	12,427	23,605	68,457	224	68,504
Q3	29,868	11,384	20,505	61,757	3,162	64,919	34,464	12,152	22,456	69,071	3,338	72,658
Q4	30,669	11,164	37,656	79,489	-955	78,535	34,926	12,416	42,145	89,431	-903	88,132
2022
Q1	31,912	11,752	24,329	67,994	1,520	69,514	35,250	12,371	27,167	74,754	1,550	76,266
Q2	33,262	11,792	27,304	72,358	4,796	77,153	36,217	12,618	28,685	77,488	4,703	82,390
Q3	34,483	12,054	29,624	76,161	2,625	78,786	37,176	12,998	30,813	80,964	2,556	83,545
Q4	35,646	12,678	28,876	77,200	120	77,320	37,718	12,703	28,626	78,995	85	78,920
2023
Q1	36,978	12,901	29,295	79,173	878	80,051	38,376	12,866	31,251	82,466	824	83,174
Q2	38,311	13,055	29,395	80,761	3,574	84,335	38,510	13,040	28,908	80,395	3,536	84,038
Q3	38,716	13,285	28,034	80,035	4,004	84,038	38,032	13,226	27,373	78,556	4,306	83,034
Q4	39,802	13,934	44,085	97,821	832	98,653	38,889	14,042	43,277	96,373	622	96,831
2024
Q1	40,245	13,913	26,915	81,073	1,148	82,222	39,134	13,552	27,669	80,355	1,091	81,446
Q2	41,168	14,298	11,719	67,185	1,736	68,921	39,486	13,908	10,998	64,392	1,823	66,215
Q3	41,213	14,417	30,828	86,458	1,780	88,238	39,567	14,069	29,434	83,069	1,842	84,912
Q4	42,051	14,642	28,128	84,820	403	85,223	40,205	14,412	25,352	79,968	501	80,469
2025
Q1	42,152	14,756	43,852	100,760	-4,733	96,027	40,295	14,229	43,952	98,476	-4,865	93,611
Q2	43,018	15,135	30,456	88,609	1,643	90,252	40,687	14,590	27,725	83,002	1,678	84,680

Percentage change on previous quarter
2019
Q1	1.0	6.8	-50.0	-24.9		-22.2	-0.1	4.6	-47.8	-24.0		-21.1
Q2	1.1	1.6	219.1	76.7		72.9	1.3	0.8	206.9	74.2		70.5
Q3	0.5	1.8	-64.6	-40.1		-38.7	0.1	2.8	-65.0	-40.4		-39.0
Q4	1.8	-0.3	313.5	116.7		112.3	1.3	-2.9	300.1	110.4		106.0
2020
Q1	-6.6	3.3	-10.5	-8.7		-7.0	-7.8	2.8	-7.5	-6.7		-4.9
Q2	-14.8	8.8	-78.0	-56.5		-56.2	-12.4	11.5	-77.3	-55.7		-55.1
Q3	15.9	0.6	33.8	19.1		17.1	14.3	0.3	34.7	18.8		16.2
Q4	-1.2	4.2	48.0	19.1		19.4	-0.8	1.4	47.2	19.1		19.4
2021
Q1	-0.9	0.7	-44.1	-21.8		-20.1	-3.1	3.4	-44.3	-22.4		-20.8
Q2	7.2	2.7	5.3	5.7		2.8	7.4	-0.3	0.1	3.3		0.5
Q3	7.8	2.5	-1.3	3.6		8.5	6.4	-2.2	-4.9	0.9		6.1
Q4	2.7	-1.9	83.6	28.7		21.0	1.3	2.2	87.7	29.5		21.3
2022
Q1	4.1	5.3	-35.4	-14.5		-11.5	0.9	-0.4	-35.5	-16.4		-13.5
Q2	4.2	0.3	12.2	6.4		11.0	2.7	2.0	5.6	3.7		8.0
Q3	3.7	2.2	8.5	5.3		2.1	2.6	3.0	7.4	4.5		1.4
Q4	3.4	5.2	-2.5	1.4		-1.9	1.5	-2.3	-7.1	-2.4		-5.5
2023
Q1	3.7	1.8	1.5	2.6		3.5	1.7	1.3	9.2	4.4		5.4
Q2	3.6	1.2	0.3	2.0		5.4	0.4	1.3	-7.5	-2.5		1.0
Q3	1.1	1.8	-4.6	-0.9		-0.4	-1.2	1.4	-5.3	-2.3		-1.2
Q4	2.8	4.9	57.3	22.2		17.4	2.3	6.2	58.1	22.7		16.6
2024
Q1	1.1	-0.2	-38.9	-17.1		-16.7	0.6	-3.5	-36.1	-16.6		-15.9
Q2	2.3	2.8	-56.5	-17.1		-16.2	0.9	2.6	-60.3	-19.9		-18.7
Q3	0.1	0.8	163.1	28.7		28.0	0.2	1.2	167.6	29.0		28.2
Q4	2.0	1.6	-8.8	-1.9		-3.4	1.6	2.4	-13.9	-3.7		-5.2
2025
Q1	0.2	0.8	55.9	18.8		12.7	0.2	-1.3	73.4	23.1		16.3
Q2	2.1	2.6	-30.5	-12.1		-6.0	1.0	2.5	-36.9	-15.7		-9.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2025 Table 5.3 (XLS 21KB)

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Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023) - Non-Seasonally Adjusted

Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand
2019	112,422	36,078	41,315	189,815	1,788	191,603	134,038	41,566	53,916	229,121	1,668	229,605
2020	102,101	40,725	37,634	180,460	4,594	185,053	121,518	46,365	48,258	216,241	4,742	220,767
2021	114,296	44,493	43,175	201,964	4,279	206,243	132,360	49,439	51,804	233,705	4,519	237,896
2022	135,461	48,314	52,344	236,119	9,061	245,180	146,605	50,683	56,021	253,302	8,895	262,210
2023	153,926	53,217	61,754	268,898	9,288	278,186	153,926	53,217	61,754	268,898	9,288	278,186
2024	164,748	57,298	61,789	283,835	5,067	288,902	158,459	56,048	59,133	273,641	5,257	278,898

2019
Q1	27,191	8,728	9,559	45,477	1,036	46,514	32,614	10,141	12,747	55,437	971	56,327
Q2	27,295	8,988	9,156	45,439	-318	45,121	32,470	10,287	12,033	54,788	-239	54,036
Q3	27,974	9,208	11,236	48,418	1,174	49,592	33,355	10,731	14,667	58,565	1,056	59,546
Q4	29,962	9,155	11,364	50,481	-105	50,376	35,599	10,406	14,469	60,331	-120	59,697
	112,422	36,078	41,315	189,815	1,788	191,603	134,038	41,566	53,916	229,121	1,668	229,605
2020
Q1	26,208	9,291	9,546	45,045	2,067	47,112	30,911	10,470	12,065	53,424	1,926	55,511
Q2	22,279	10,270	7,214	39,763	1,267	41,030	26,597	11,784	9,603	48,156	1,514	49,753
Q3	26,305	10,334	10,510	47,149	485	47,634	31,337	11,906	13,526	56,711	509	56,954
Q4	27,309	10,830	10,363	48,502	775	49,277	32,674	12,204	13,064	57,949	793	58,549
	102,101	40,725	37,634	180,460	4,594	185,053	121,518	46,365	48,258	216,241	4,742	220,767
2021
Q1	25,269	10,662	9,555	45,485	1,811	47,297	29,731	12,250	11,771	53,827	1,859	55,738
Q2	27,120	11,150	9,841	48,112	261	48,373	31,563	12,376	12,182	56,187	224	56,199
Q3	29,744	11,349	11,231	52,324	3,162	55,486	34,402	12,094	13,416	59,903	3,338	63,496
Q4	32,163	11,332	12,548	56,043	-955	55,088	36,664	12,719	14,434	63,788	-903	62,464
	114,296	44,493	43,175	201,964	4,279	206,243	132,360	49,439	51,804	233,705	4,519	237,896
2022
Q1	31,131	11,565	11,865	54,561	1,520	56,081	34,683	12,064	13,049	59,805	1,550	61,308
Q2	32,625	11,853	13,918	58,396	4,796	63,192	35,412	12,572	15,065	63,005	4,703	67,942
Q3	34,277	11,959	13,981	60,218	2,625	62,843	36,879	12,890	14,979	64,721	2,556	67,307
Q4	37,428	12,936	12,580	62,944	120	63,064	39,631	13,158	12,927	65,770	85	65,654
	135,461	48,314	52,344	236,119	9,061	245,180	146,605	50,683	56,021	253,302	8,895	262,210
2023
Q1	36,028	12,678	15,835	64,541	878	65,419	37,636	12,435	16,004	66,064	824	66,757
Q2	37,674	13,130	14,982	65,786	3,574	69,360	37,823	13,002	15,072	65,895	3,536	69,544
Q3	38,401	13,130	15,660	67,191	4,004	71,195	37,483	13,062	15,626	66,175	4,306	70,662
Q4	41,823	14,280	15,277	71,380	832	72,212	40,984	14,718	15,053	70,764	622	71,223
	153,926	53,217	61,754	268,898	9,288	278,186	153,926	53,217	61,754	268,898	9,288	278,186
2024
Q1	39,178	13,653	15,671	68,502	1,148	69,651	38,287	13,003	15,014	66,304	1,091	67,395
Q2	40,568	14,382	14,800	69,751	1,736	71,487	38,955	13,905	14,232	67,093	1,823	68,916
Q3	40,803	14,223	16,330	71,356	1,780	73,136	38,745	13,891	15,812	68,448	1,842	70,290
Q4	44,199	15,039	14,988	74,226	403	74,628	42,472	15,249	14,075	71,796	501	72,296
	164,748	57,298	61,789	283,835	5,067	288,902	158,459	56,048	59,133	273,641	5,257	278,898
2025
Q1	41,008	14,463	16,682	72,153	-4,733	67,420	39,381	13,568	15,425	68,374	-4,865	63,508
Q2	42,461	15,233	16,277	73,971	1,643	75,614	40,214	14,604	15,238	70,055	1,678	71,733

Percentage change on corresponding period of previous year
2019	4.6	9.1	0.4	4.5		4.9	2.9	5.8	-2.7	2.1		2.6
2020	-9.2	12.9	-8.9	-4.9		-3.4	-9.3	11.5	-10.5	-5.6		-3.8
2021	11.9	9.3	14.7	11.9		11.5	8.9	6.6	7.3	8.1		7.8
2022	18.5	8.6	21.2	16.9		18.9	10.8	2.5	8.1	8.4		10.2
2023	13.6	10.1	18.0	13.9		13.5	5.0	5.0	10.2	6.2		6.1
2024	7.0	7.7	0.1	5.6		3.9	2.9	5.3	-4.2	1.8		0.3

2019
Q1	4.6	8.5	-1.8	3.9		1.9	3.0	7.2	-4.5	2.0		0.2
Q2	5.0	9.4	-9.9	2.4		1.0	3.3	4.9	-12.5	-0.0		-1.3
Q3	4.3	8.2	7.2	5.7		8.3	2.8	5.9	4.6	3.8		6.2
Q4	4.4	10.4	5.3	5.7		8.3	2.5	5.4	1.2	2.7		5.3
2020
Q1	-3.6	6.5	-0.1	-1.0		1.3	-5.2	3.2	-5.3	-3.6		-1.4
Q2	-18.4	14.3	-21.2	-12.5		-9.1	-18.1	14.6	-20.2	-12.1		-7.9
Q3	-6.0	12.2	-6.5	-2.6		-3.9	-6.1	10.9	-7.8	-3.2		-4.4
Q4	-8.9	18.3	-8.8	-3.9		-2.2	-8.2	17.3	-9.7	-3.9		-1.9
2021
Q1	-3.6	14.8	0.1	1.0		0.4	-3.8	17.0	-2.4	0.8		0.4
Q2	21.7	8.6	36.4	21.0		17.9	18.7	5.0	26.9	16.7		13.0
Q3	13.1	9.8	6.9	11.0		16.5	9.8	1.6	-0.8	5.6		11.5
Q4	17.8	4.6	21.1	15.5		11.8	12.2	4.2	10.5	10.1		6.7
2022
Q1	23.2	8.5	24.2	20.0		18.6	16.7	-1.5	10.9	11.1		10.0
Q2	20.3	6.3	41.4	21.4		30.6	12.2	1.6	23.7	12.1		20.9
Q3	15.2	5.4	24.5	15.1		13.3	7.2	6.6	11.6	8.0		6.0
Q4	16.4	14.2	0.3	12.3		14.5	8.1	3.5	-10.4	3.1		5.1
2023
Q1	15.7	9.6	33.5	18.3		16.7	8.5	3.1	22.6	10.5		8.9
Q2	15.5	10.8	7.6	12.7		9.8	6.8	3.4	0.0	4.6		2.4
Q3	12.0	9.8	12.0	11.6		13.3	1.6	1.3	4.3	2.2		5.0
Q4	11.7	10.4	21.4	13.4		14.5	3.4	11.9	16.4	7.6		8.5
2024
Q1	8.7	7.7	-1.0	6.1		6.5	1.7	4.6	-6.2	0.4		1.0
Q2	7.7	9.5	-1.2	6.0		3.1	3.0	6.9	-5.6	1.8		-0.9
Q3	6.3	8.3	4.3	6.2		2.7	3.4	6.3	1.2	3.4		-0.5
Q4	5.7	5.3	-1.9	4.0		3.3	3.6	3.6	-6.5	1.5		1.5
2025
Q1	4.7	5.9	6.5	5.3		-3.2	2.9	4.3	2.7	3.1		-5.8
Q2	4.7	5.9	10.0	6.1		5.8	3.2	5.0	7.1	4.4		4.1
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2025 Table 5.4 (XLS 23KB)

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Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023) - Seasonally Adjusted

Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)¹ - Seasonally Adjusted												€million
	Current Market Prices						Constant Market Prices
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand
2019
Q1	27,664	8,835	9,921	46,420	1,036	47,457	33,088	10,285	13,399	56,669	971	57,548
Q2	27,971	8,977	9,759	46,707	-318	46,389	33,531	10,366	12,787	56,641	-239	55,872
Q3	28,108	9,141	10,780	48,029	1,174	49,203	33,567	10,651	14,087	58,169	1,056	59,152
Q4	28,628	9,116	10,801	48,545	-105	48,440	33,992	10,340	13,505	57,743	-120	57,127
2020
Q1	26,733	9,413	9,886	46,032	2,067	48,099	31,336	10,625	12,743	54,645	1,926	56,724
Q2	22,775	10,242	7,668	40,685	1,267	41,952	27,459	11,848	10,190	49,635	1,514	51,222
Q3	26,405	10,302	10,057	46,763	485	47,248	31,373	11,884	12,990	56,230	509	56,476
Q4	26,076	10,739	9,990	46,805	775	47,580	31,129	12,053	12,306	55,525	793	56,141
2021
Q1	25,844	10,813	9,592	46,249	1,811	48,061	30,167	12,464	12,138	54,830	1,859	56,737
Q2	27,705	11,103	10,380	49,189	261	49,449	32,399	12,427	12,828	57,686	224	57,691
Q3	29,868	11,384	10,703	51,955	3,162	55,117	34,464	12,152	12,819	59,468	3,338	63,064
Q4	30,669	11,164	12,292	54,125	-955	53,170	34,926	12,416	13,832	61,158	-903	59,845
2022
Q1	31,912	11,752	11,943	55,607	1,520	57,127	35,250	12,371	13,544	61,169	1,550	62,668
Q2	33,262	11,792	14,446	59,499	4,796	64,295	36,217	12,618	15,588	64,362	4,703	69,294
Q3	34,483	12,054	13,412	59,949	2,625	62,574	37,176	12,998	14,353	64,526	2,556	67,113
Q4	35,646	12,678	12,610	60,934	120	61,054	37,718	12,703	12,635	63,108	85	63,000
2023
Q1	36,978	12,901	15,783	65,661	878	66,539	38,376	12,866	16,605	67,841	824	68,529
Q2	38,311	13,055	15,446	66,812	3,574	70,386	38,510	13,040	15,500	67,043	3,536	70,689
Q3	38,716	13,285	15,039	67,040	4,004	71,044	38,032	13,226	14,956	66,215	4,306	70,702
Q4	39,802	13,934	15,715	69,451	832	70,284	38,889	14,042	14,923	67,866	622	68,334
2024
Q1	40,245	13,913	15,415	69,574	1,148	70,722	39,134	13,552	15,416	68,101	1,091	69,192
Q2	41,168	14,298	15,127	70,592	1,736	72,329	39,486	13,908	14,557	67,951	1,823	69,774
Q3	41,213	14,417	15,633	71,263	1,780	73,043	39,567	14,069	15,056	68,692	1,842	70,535
Q4	42,051	14,642	15,550	72,243	403	72,645	40,205	14,412	14,074	68,690	501	69,191
2025
Q1	42,152	14,756	16,413	73,321	-4,733	68,588	40,295	14,229	15,918	70,442	-4,865	65,576
Q2	43,018	15,135	16,776	74,928	1,643	76,571	40,687	14,590	15,576	70,853	1,678	72,531

Percentage change on previous quarter
2019
Q1	1.0	6.8	-4.0	0.9		6.0	-0.1	4.6	-0.4	0.7		6.1
Q2	1.1	1.6	-1.6	0.6		-2.3	1.3	0.8	-4.6	-0.0		-2.9
Q3	0.5	1.8	10.5	2.8		6.1	0.1	2.8	10.2	2.7		5.9
Q4	1.8	-0.3	0.2	1.1		-1.6	1.3	-2.9	-4.1	-0.7		-3.4
2020
Q1	-6.6	3.3	-8.5	-5.2		-0.7	-7.8	2.8	-5.6	-5.4		-0.7
Q2	-14.8	8.8	-22.4	-11.6		-12.8	-12.4	11.5	-20.0	-9.2		-9.7
Q3	15.9	0.6	31.2	14.9		12.6	14.3	0.3	27.5	13.3		10.3
Q4	-1.2	4.2	-0.7	0.1		0.7	-0.8	1.4	-5.3	-1.3		-0.6
2021
Q1	-0.9	0.7	-4.0	-1.2		1.0	-3.1	3.4	-1.4	-1.3		1.1
Q2	7.2	2.7	8.2	6.4		2.9	7.4	-0.3	5.7	5.2		1.7
Q3	7.8	2.5	3.1	5.6		11.5	6.4	-2.2	-0.1	3.1		9.3
Q4	2.7	-1.9	14.8	4.2		-3.5	1.3	2.2	7.9	2.8		-5.1
2022
Q1	4.1	5.3	-2.8	2.7		7.4	0.9	-0.4	-2.1	0.0		4.7
Q2	4.2	0.3	21.0	7.0		12.5	2.7	2.0	15.1	5.2		10.6
Q3	3.7	2.2	-7.2	0.8		-2.7	2.6	3.0	-7.9	0.3		-3.1
Q4	3.4	5.2	-6.0	1.6		-2.4	1.5	-2.3	-12.0	-2.2		-6.1
2023
Q1	3.7	1.8	25.2	7.8		9.0	1.7	1.3	31.4	7.5		8.8
Q2	3.6	1.2	-2.1	1.8		5.8	0.4	1.3	-6.7	-1.2		3.2
Q3	1.1	1.8	-2.6	0.3		0.9	-1.2	1.4	-3.5	-1.2		0.0
Q4	2.8	4.9	4.5	3.6		-1.1	2.3	6.2	-0.2	2.5		-3.3
2024
Q1	1.1	-0.2	-1.9	0.2		0.6	0.6	-3.5	3.3	0.3		1.3
Q2	2.3	2.8	-1.9	1.5		2.3	0.9	2.6	-5.6	-0.2		0.8
Q3	0.1	0.8	3.3	0.9		1.0	0.2	1.2	3.4	1.1		1.1
Q4	2.0	1.6	-0.5	1.4		-0.5	1.6	2.4	-6.5	-0.0		-1.9
2025
Q1	0.2	0.8	5.5	1.5		-5.6	0.2	-1.3	13.1	2.6		-5.2
Q2	2.1	2.6	2.2	2.2		11.6	1.0	2.5	-2.1	0.6		10.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2025 Table 5.5 (XLS 22KB)

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Table 5.6 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 5.6 Components of Modified 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 excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	Aircraft related to Leasing	R&D service imports and trade in IP
2019	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020	4,417	2,705	14,871	1,162	7,834	6,646	37,634	9,948	110,407
2021	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022	7,531	5,707	15,973	1,891	13,773	7,469	52,344	12,847	44,910
2023	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024	10,311	7,810	16,316	1,591	13,476	12,286	61,789	12,074	23,771

2019
Q1	959	699	3,091	333	2,851	1,627	9,559	3,502	4,721
Q2	1,015	683	3,407	341	n/a	n/a	9,156	n/a	n/a
Q3	1,253	808	4,503	381	n/a	n/a	11,236	n/a	n/a
Q4	1,117	691	5,228	450	n/a	n/a	11,364	n/a	n/a
	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020
Q1	1,163	491	3,621	375	n/a	n/a	9,546	n/a	n/a
Q2	683	550	2,351	193	n/a	n/a	7,214	n/a	n/a
Q3	1,159	774	4,214	216	2,341	1,806	10,510	2,369	11,007
Q4	1,411	889	4,685	378	1,898	1,102	10,363	4,167	23,399
	4,417	2,705	14,871	1,162	7,834	6,646	37,634	9,948	110,407
2021
Q1	911	871	2,593	331	2,940	1,908	9,555	2,287	6,152
Q2	1,096	1,303	3,126	359	2,114	1,843	9,841	3,205	6,975
Q3	1,058	1,358	4,479	331	2,237	1,766	11,231	1,698	7,728
Q4	1,346	1,582	5,227	450	2,618	1,324	12,548	3,492	24,294
	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022
Q1	1,500	1,251	3,234	416	3,343	2,120	11,865	2,311	8,153
Q2	1,969	1,371	3,610	437	n/a	n/a	13,918	n/a	n/a
Q3	2,011	1,482	4,525	590	n/a	n/a	13,981	n/a	n/a
Q4	2,051	1,603	4,604	448	2,412	1,462	12,580	4,992	13,749
	7,531	5,707	15,973	1,891	13,773	7,469	52,344	12,847	44,910
2023
Q1	2,146	1,902	3,730	376	4,274	3,407	15,835	2,769	8,724
Q2	2,260	1,868	3,950	370	3,812	2,722	14,982	4,035	9,943
Q3	2,758	1,991	4,595	394	3,651	2,271	15,660	2,698	9,805
Q4	2,752	2,201	4,421	421	3,014	2,469	15,277	4,864	26,004
	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024
Q1	2,123	1,849	3,233	335	4,272	3,859	15,671	787	8,608
Q2	2,365	1,781	3,877	381	n/a	n/a	14,800	n/a	n/a
Q3	3,276	2,046	4,575	374	3,110	2,949	16,330	3,905	10,754
Q4	2,547	2,134	4,632	500	n/a	n/a	14,988	n/a	n/a
	10,311	7,810	16,316	1,591	13,476	12,286	61,789	12,074	23,771
2025
Q1	2,286	2,137	3,890	403	4,025	3,941	16,682	2,737	22,592
Q2	3,389	2,140	4,142	424	3,536	2,646	16,277	2,600	11,288

Percentage change on corresponding period of previous year
2019	11.4	-10.6	15.2	8.4	-12.0	-11.8	0.4	5.1	267.7
2020	1.7	-6.1	-8.4	-22.8	-20.5	2.1	-8.9	-38.2	-18.9
2021	-0.1	89.1	3.7	26.7	26.5	2.9	14.7	7.4	-59.1
2022	70.7	11.6	3.5	28.4	39.0	9.2	21.2	20.3	-0.5
2023	31.7	39.5	4.5	-17.5	7.1	45.5	18.0	11.8	21.3
2024	4.0	-1.9	-2.3	2.0	-8.6	13.0	0.1	-16.0	-56.4

2019
Q1	18.3	-20.8	16.5	12.5	-16.0	-3.9	-1.8	54.6	29.1
Q2	3.2	-18.9	10.1	-1.0	n/a	n/a	-9.9	n/a	n/a
Q3	14.7	3.7	15.0	10.6	n/a	n/a	7.2	n/a	n/a
Q4	10.0	-4.1	18.3	11.6	n/a	n/a	5.3	n/a	n/a
2020
Q1	21.3	-29.8	17.1	12.7	n/a	n/a	-0.1	n/a	n/a
Q2	-32.7	-19.4	-31.0	-43.3	n/a	n/a	-21.2	n/a	n/a
Q3	-7.5	-4.1	-6.4	-43.3	n/a	n/a	-6.5	n/a	n/a
Q4	26.3	28.6	-10.4	-16.1	n/a	n/a	-8.8	n/a	n/a
2021
Q1	-21.7	77.5	-28.4	-11.6	n/a	n/a	0.1	n/a	n/a
Q2	60.4	136.8	33.0	86.1	n/a	n/a	36.4	n/a	n/a
Q3	-8.7	75.4	6.3	53.5	-4.4	-2.2	6.9	-28.3	-29.8
Q4	-4.6	77.9	11.6	19.0	38.0	20.2	21.1	-16.2	3.8
2022
Q1	64.7	43.7	24.7	25.4	13.7	11.1	24.2	1.0	32.5
Q2	79.7	5.2	15.5	21.5	n/a	n/a	41.4	n/a	n/a
Q3	90.0	9.1	1.0	78.1	n/a	n/a	24.5	n/a	n/a
Q4	52.3	1.3	-11.9	-0.5	-7.9	10.4	0.3	43.0	-43.4
2023
Q1	43.1	52.0	15.3	-9.6	27.8	60.7	33.5	19.8	7.0
Q2	14.8	36.3	9.4	-15.4	n/a	n/a	7.6	n/a	n/a
Q3	37.1	34.4	1.6	-33.3	n/a	n/a	12.0	n/a	n/a
Q4	34.2	37.3	-4.0	-6.0	25.0	68.8	21.4	-2.6	89.1
2024
Q1	-1.1	-2.8	-13.3	-10.8	-0.0	13.3	-1.0	-71.6	-1.3
Q2	4.6	-4.7	-1.9	3.0	n/a	n/a	-1.2	n/a	n/a
Q3	18.8	2.8	-0.5	-5.0	-14.8	29.8	4.3	44.7	9.7
Q4	-7.5	-3.0	4.8	19.0	n/a	n/a	-1.9	n/a	n/a
2025
Q1	7.7	15.6	20.3	20.1	-5.8	2.1	6.5	247.8	162.5
Q2	43.3	20.1	6.8	11.4	n/a	n/a	10.0	n/a	n/a
n/a Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q2 2025 Table 5.6 (XLS 19KB)

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Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2023) - Non-Seasonally Adjusted

Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2023)¹ - Non-Seasonally Adjusted									€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	Aircraft related to Leasing	R&D service imports and trade in IP
2019	7,522	3,895	21,946	1,931	10,444	8,112	53,916	18,885	142,182
2020	7,238	3,552	19,529	1,475	8,573	8,098	48,258	11,528	119,965
2021	6,777	6,053	18,265	1,716	10,938	7,798	51,804	12,053	47,973
2022	9,338	5,997	16,782	1,962	14,159	7,817	56,021	13,658	45,645
2023	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024	9,499	7,584	15,843	1,490	13,240	11,477	59,133	11,731	22,557

2019
Q1	1,680	985	4,342	432	3,007	2,053	12,747	4,129	5,125
Q2	1,768	943	4,706	440	n/a	n/a	12,033	n/a	n/a
Q3	2,151	1,098	6,146	485	n/a	n/a	14,667	n/a	n/a
Q4	1,923	869	6,753	575	n/a	n/a	14,469	n/a	n/a
	7,522	3,895	21,946	1,931	10,444	8,112	53,916	18,885	142,182
2020
Q1	1,925	619	4,684	478	n/a	n/a	12,065	n/a	n/a
Q2	1,124	805	3,316	247	n/a	n/a	9,603	n/a	n/a
Q3	1,895	997	5,491	275	2,554	2,306	13,526	2,750	12,913
Q4	2,293	1,131	6,039	476	2,109	1,277	13,064	4,814	27,287
	7,238	3,552	19,529	1,475	8,573	8,098	48,258	11,528	119,965
2021
Q1	1,427	1,070	3,236	408	3,242	2,127	11,771	2,612	6,445
Q2	1,710	1,639	3,888	433	2,342	2,155	12,182	3,638	7,063
Q3	1,626	1,586	5,259	380	2,470	2,074	13,416	1,912	7,830
Q4	2,015	1,759	5,882	495	2,884	1,441	14,434	3,891	26,635
	6,777	6,053	18,265	1,716	10,938	7,798	51,804	12,053	47,973
2022
Q1	1,935	1,348	3,509	445	3,582	2,150	13,049	2,554	8,189
Q2	2,491	1,438	3,812	460	n/a	n/a	15,065	n/a	n/a
Q3	2,476	1,580	4,765	604	n/a	n/a	14,979	n/a	n/a
Q4	2,436	1,631	4,697	453	2,380	1,480	12,927	5,158	13,899
	9,338	5,997	16,782	1,962	14,159	7,817	56,021	13,658	45,645
2023
Q1	2,218	1,936	3,777	380	4,278	3,350	16,004	2,807	8,802
Q2	2,292	1,866	3,949	376	3,819	2,745	15,072	4,044	9,771
Q3	2,736	1,975	4,577	394	3,648	2,334	15,626	2,687	9,736
Q4	2,671	2,185	4,394	410	3,005	2,441	15,053	4,828	26,167
	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024
Q1	2,005	1,813	3,180	325	4,193	3,499	15,014	769	8,268
Q2	2,212	1,717	3,760	364	n/a	n/a	14,232	n/a	n/a
Q3	2,990	2,027	4,489	348	3,071	2,887	15,812	3,786	10,609
Q4	2,292	2,026	4,415	454	n/a	n/a	14,075	n/a	n/a
	9,499	7,584	15,843	1,490	13,240	11,477	59,133	11,731	22,557
2025
Q1	2,035	2,026	3,698	362	3,897	3,407	15,425	2,667	22,173
Q2	3,017	2,025	3,929	377	3,468	2,421	15,238	2,523	10,128

Percentage change on corresponding period of previous year
2019	13.4	-16.2	8.0	4.5	-10.5	-15.6	-2.7	4.0	253.1
2020	-3.8	-8.8	-11.0	-23.6	-17.9	-0.2	-10.5	-39.0	-15.6
2021	-6.4	70.4	-6.5	16.3	27.6	-3.7	7.3	4.6	-60.0
2022	37.8	-0.9	-8.1	14.3	29.5	0.3	8.1	13.3	-4.9
2023	6.2	32.8	-0.5	-20.5	4.2	39.0	10.2	5.2	19.3
2024	-4.2	-4.8	-5.1	-4.5	-10.2	5.6	-4.2	-18.3	-58.6

2019
Q1	18.0	-24.6	8.8	6.3	-14.7	-5.7	-4.5	53.1	31.5
Q2	4.9	-22.7	4.7	-4.8	n/a	n/a	-12.5	n/a	n/a
Q3	17.3	-2.1	9.2	7.1	n/a	n/a	4.6	n/a	n/a
Q4	13.7	-13.3	8.9	9.1	n/a	n/a	1.2	n/a	n/a
2020
Q1	14.6	-37.1	7.9	10.7	n/a	n/a	-5.3	n/a	n/a
Q2	-36.4	-14.7	-29.5	-43.9	n/a	n/a	-20.2	n/a	n/a
Q3	-11.9	-9.2	-10.7	-43.3	n/a	n/a	-7.8	n/a	n/a
Q4	19.2	30.1	-10.6	-17.2	n/a	n/a	-9.7	n/a	n/a
2021
Q1	-25.9	72.7	-30.9	-14.7	n/a	n/a	-2.4	n/a	n/a
Q2	52.1	103.6	17.2	75.5	n/a	n/a	26.9	n/a	n/a
Q3	-14.2	59.2	-4.2	38.5	-3.3	-10.0	-0.8	-30.5	-39.4
Q4	-12.1	55.5	-2.6	4.1	36.8	12.8	10.5	-19.2	-2.4
2022
Q1	35.6	26.1	8.4	9.2	10.5	1.1	10.9	-2.2	27.0
Q2	45.7	-12.2	-1.9	6.3	n/a	n/a	23.7	n/a	n/a
Q3	52.3	-0.4	-9.4	58.7	n/a	n/a	11.6	n/a	n/a
Q4	20.9	-7.3	-20.2	-8.6	-17.5	2.7	-10.4	32.6	-47.8
2023
Q1	14.6	43.6	7.6	-14.6	19.4	55.8	22.6	9.9	7.5
Q2	-8.0	29.8	3.6	-18.3	n/a	n/a	0.0	n/a	n/a
Q3	10.5	25.0	-3.9	-34.7	n/a	n/a	4.3	n/a	n/a
Q4	9.7	34.0	-6.5	-9.5	26.2	64.9	16.4	-6.4	88.3
2024
Q1	-9.6	-6.4	-15.8	-14.6	-2.0	4.4	-6.2	-72.6	-6.1
Q2	-3.5	-8.0	-4.8	-3.2	n/a	n/a	-5.6	n/a	n/a
Q3	9.3	2.6	-1.9	-11.8	-15.8	23.7	1.2	40.9	9.0
Q4	-14.2	-7.3	0.5	10.9	n/a	n/a	-6.5	n/a	n/a
2025
Q1	1.5	11.7	16.3	11.5	-7.1	-2.6	2.7	246.6	168.2
Q2	36.4	17.9	4.5	3.7	n/a	n/a	7.1	n/a	n/a
¹Chain linked series not additive
n/a Data suppressed for confidentiality reasons

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Table 5.8 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023) - Seasonally Adjusted

Table 5.8 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)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 excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation
2019
Q1	5,894	2,568	1,459	9,921	8,680	2,723	2,065	13,399
Q2	6,009	n/a	n/a	9,759	8,684	n/a	n/a	12,787
Q3	6,421	n/a	n/a	10,780	9,311	n/a	n/a	14,087
Q4	6,503	n/a	n/a	10,801	8,987	n/a	n/a	13,505
2020
Q1	6,562	n/a	n/a	9,886	8,990	n/a	n/a	12,743
Q2	4,177	n/a	n/a	7,668	6,096	n/a	n/a	10,190
Q3	5,831	2,390	1,835	10,057	8,111	2,601	2,320	12,990
Q4	6,522	2,165	1,303	9,990	8,841	2,388	1,285	12,306
2021
Q1	5,417	2,523	1,653	9,592	7,141	2,821	2,140	12,138
Q2	6,382	2,188	1,810	10,380	8,371	2,415	2,168	12,828
Q3	6,604	2,304	1,794	10,703	8,305	2,532	2,086	12,819
Q4	7,730	2,967	1,595	12,292	9,219	3,239	1,450	13,832
2022
Q1	7,294	2,843	1,806	11,943	8,332	3,081	2,163	13,544
Q2	7,938	n/a	n/a	14,446	8,676	n/a	n/a	15,588
Q3	7,877	n/a	n/a	13,412	8,649	n/a	n/a	14,353
Q4	7,980	2,843	1,788	12,610	8,416	2,822	1,489	12,635
2023
Q1	9,225	3,699	2,859	15,783	9,506	3,727	3,370	16,605
Q2	8,980	3,773	2,694	15,446	8,955	3,777	2,761	15,500
Q3	8,908	3,816	2,315	15,039	8,808	3,797	2,348	14,956
Q4	9,135	3,515	3,066	15,715	8,978	3,501	2,455	14,923
2024
Q1	8,576	3,656	3,183	15,415	8,322	3,595	3,499	15,416
Q2	8,807	n/a	n/a	15,127	8,449	n/a	n/a	14,557
Q3	9,350	3,266	3,017	15,633	8,959	3,210	2,887	15,056
Q4	9,225	n/a	n/a	15,550	8,653	n/a	n/a	14,074
2025
Q1	9,776	3,430	3,206	16,413	9,192	3,319	3,407	15,918
Q2	10,678	3,445	2,652	16,776	9,786	3,369	2,421	15,576

Percentage change on previous quarter
2019
Q1	3.4	n/a	n/a	-4.0	3.1	n/a	n/a	-0.4
Q2	2.0	n/a	n/a	-1.6	0.0	n/a	n/a	-4.6
Q3	6.8	n/a	n/a	10.5	7.2	n/a	n/a	10.2
Q4	1.3	n/a	n/a	0.2	-3.5	n/a	n/a	-4.1
2020
Q1	0.9	n/a	n/a	-8.5	0.0	n/a	n/a	-5.6
Q2	-36.4	n/a	n/a	-22.4	-32.2	n/a	n/a	-20.0
Q3	39.6	n/a	n/a	31.2	33.1	n/a	n/a	27.5
Q4	11.9	-9.4	-29.0	-0.7	9.0	-8.2	-44.6	-5.3
2021
Q1	-16.9	16.5	26.9	-4.0	-19.2	18.1	66.6	-1.4
Q2	17.8	-13.3	9.5	8.2	17.2	-14.4	1.3	5.7
Q3	3.5	5.3	-0.8	3.1	-0.8	4.9	-3.7	-0.1
Q4	17.1	28.8	-11.1	14.8	11.0	28.0	-30.5	7.9
2022
Q1	-5.6	-4.2	13.2	-2.8	-9.6	-4.9	49.2	-2.1
Q2	8.8	n/a	n/a	21.0	4.1	n/a	n/a	15.1
Q3	-0.8	n/a	n/a	-7.2	-0.3	n/a	n/a	-7.9
Q4	1.3	n/a	n/a	-6.0	-2.7	n/a	n/a	-12.0
2023
Q1	15.6	30.1	59.9	25.2	12.9	32.1	126.3	31.4
Q2	-2.7	2.0	-5.8	-2.1	-5.8	1.4	-18.1	-6.7
Q3	-0.8	1.2	-14.1	-2.6	-1.6	0.5	-15.0	-3.5
Q4	2.6	-7.9	32.4	4.5	1.9	-7.8	4.6	-0.2
2024
Q1	-6.1	4.0	3.8	-1.9	-7.3	2.7	42.5	3.3
Q2	2.7	n/a	n/a	-1.9	1.5	n/a	n/a	-5.6
Q3	6.2	n/a	n/a	3.3	6.0	n/a	n/a	3.4
Q4	-1.3	n/a	n/a	-0.5	-3.4	n/a	n/a	-6.5
2025
Q1	6.0	n/a	n/a	5.5	6.2	n/a	n/a	13.1
Q2	9.2	0.4	-17.3	2.2	6.5	1.5	-28.9	-2.1
¹Chain linked series not additive
²The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
n/aData suppressed for confidentiality reasons

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Quarterly National Accounts Quarter 2 2025

Domestic Demand

Domestic Demand

Modified Domestic Demand increased by 0.6% in Q2 2025

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