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Quarterly National Accounts Quarter 2 2025

GDP - Expenditure

Personal Consumption Expenditure increased by 1.0% in Q2 2025

Online ISSN: 2009-5775

CSO statistical release, 04 September 2025, 11am

Table 3.1 Expenditure Components of GDP¹, Q2 2025²
	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
Gross Domestic Fixed Capital Formation	27,725	-36.9
Net Exports	69,982
Exports of Goods and Services	210,209	-4.0
Less Imports of Goods and Services	-140,227	-10.8
Gross Domestic Product	153,420	0.2
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 2023 and seasonally adjusted

Open in Excel: Quarterly National Accounts Q2 2025 Table 3.1 (XLS 11KB)

On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €9.7 billion in Q2 2025 compared with the previous quarter and accounted for 34.7% of total domestic demand in Q2 2025.

Personal Consumption Expenditure increased by 1.0% in Q2 2025 compared to Q1 2025, while Government Expenditure increased by 2.5% over the same period. There was an overall increase in real GDP of 0.2%.

	Personal Consumption Expenditure	Government Expenditure	Gross Fixed Capital Formation	Value of Physical Changes in Stocks	Net Exports	GDP
Q1 2023	38.3757323049	12.8663250073	31.2505156004	0.8237170709	50.4521385048	133.1777472953
Q2 2023	38.5101402108	13.0395761306	28.9077774931	3.5361399697	48.3246059312	133.9327377064
Q3 2023	38.032221801	13.2263405102	27.3728672609	4.3061947945	47.3866368567	130.5015344374
Q4 2023	38.8885801329	14.0424605958	43.2771222657	0.6216971379	28.0324005818	127.184694553
Q1 2024	39.1336687969	13.5518957052	27.6693402462	1.0912413682	48.8546994587	129.3863118717
Q2 2024	39.4855326734	13.9081546411	10.9979389821	1.8231866632	62.7727339406	129.9632602171
Q3 2024	39.5668658597	14.0691200474	29.433503626	1.8424908712	48.484803369	136.4612942171
Q4 2024	40.2045286728	14.4117277218	25.3516731908	0.5005761802	62.32766606	142.3689226867
Q1 2025	40.2954896937	14.2286121039	43.95210263	-4.8654896348	61.7550982606	153.0933664867
Q2 2025	40.6871581986	14.5903446125	27.7246311267	1.6778994362	69.9818523135	153.420271125

Get the data: NAQ04

	Building & Construction	Machinery & Equipment	Intangibles	Gross Domestic Fixed Capital Formation
Q1 2023	9.5058422271	7.4384000871	14.3726950374	31.2505156004
Q2 2023	8.9548537495	7.6820946467	12.3599080406	28.9077774931
Q3 2023	8.8082566747	6.9358549032	11.7280678572	27.3728672609
Q4 2023	8.9784868959	7.1478292017	26.8959932984	43.2771222657
Q1 2024	8.3216134289	5.3574295461	13.9902972711	27.6693402462
Q2 2024	8.4492633757	7.6598122959	-5.1111366895	10.9979389821
Q3 2024	8.9590535471	7.3569819464	13.1174681324	29.433503626
Q4 2024	8.6531623187	4.5804226893	12.1180881827	25.3516731908
Q1 2025	9.1916958933	7.0444762618	27.7159304749	43.95210263
Q2 2025	9.7858900386	5.6450313309	12.2937097571	27.7246311267

Get the data: NAQ04

Comparisons with Q2 2024

On the expenditure side of the accounts (Table 3.3), Capital Investment increased by €16.6 billion compared to the same quarter of 2024. Personal Consumption Expenditure showed an increase of 3.2% while Government Expenditure grew by 5.0% over the same period. Exports of Goods and Services increased by 2.1% (or €4.2 billion) while Imports of Goods and Services decreased by 0.6% (or €0.8 billion) over the same period. Net Exports therefore increased by 8.1% (or €5.0 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
2019	112,422	36,078	193,555	1,788	477,333	-459,886	2,463	363,753	-90,450	273,303
2020	102,101	40,725	157,989	4,594	533,702	-454,137	-3,245	381,729	-103,801	277,928
2021	114,296	44,493	99,007	4,279	611,669	-424,385	-914	448,445	-128,946	319,499
2022	135,461	48,314	110,101	9,061	726,434	-511,603	2,951	520,718	-165,125	355,594
2023	153,926	53,217	130,596	9,288	716,393	-541,118	2,426	524,729	-133,977	390,752
2024	164,748	57,298	97,634	5,067	810,337	-575,093	2,804	562,794	-140,608	422,186

2019
Q1	27,191	8,728	17,782	1,036	111,388	-79,404	464	87,185	-22,289	64,897
Q2	27,295	8,988	60,983	-318	115,920	-126,318	240	86,790	-24,073	62,717
Q3	27,974	9,208	21,860	1,174	120,395	-86,639	-257	93,714	-22,830	70,884
Q4	29,962	9,155	92,929	-105	129,630	-167,525	2,016	96,063	-21,258	74,805
2020
Q1	26,208	9,291	79,024	2,067	131,539	-152,908	263	95,483	-25,126	70,358
Q2	22,279	10,270	17,149	1,267	121,390	-84,378	-1,264	86,712	-24,433	62,279
Q3	26,305	10,334	23,887	485	128,691	-86,317	-1,727	101,658	-31,089	70,569
Q4	27,309	10,830	37,929	775	152,083	-130,534	-517	97,875	-23,153	74,722
2021
Q1	25,269	10,662	17,994	1,811	139,419	-87,834	-306	107,015	-34,867	72,148
Q2	27,120	11,150	20,022	261	147,451	-98,024	-1,347	106,633	-33,284	73,350
Q3	29,744	11,349	20,657	3,162	154,990	-100,441	-919	118,543	-33,322	85,221
Q4	32,163	11,332	40,334	-955	169,809	-138,086	1,658	116,254	-27,474	88,780
2022
Q1	31,131	11,565	22,329	1,520	164,845	-109,231	376	122,535	-40,073	82,462
Q2	32,625	11,853	26,695	4,796	176,848	-125,067	-1,977	125,773	-38,322	87,451
Q3	34,277	11,959	29,756	2,625	190,143	-132,436	1,565	137,890	-45,895	91,996
Q4	37,428	12,936	31,321	120	194,597	-144,869	2,986	134,520	-40,834	93,686
2023
Q1	36,028	12,678	27,327	878	181,962	-125,295	-1,618	131,960	-44,680	87,280
Q2	37,674	13,130	28,960	3,574	175,240	-129,369	531	129,739	-33,591	96,148
Q3	38,401	13,130	28,163	4,004	175,189	-126,010	1,212	134,089	-32,048	102,041
Q4	41,823	14,280	46,145	832	184,003	-160,443	2,301	128,941	-23,657	105,283
2024
Q1	39,178	13,653	25,066	1,148	182,806	-128,870	-60	132,921	-35,063	97,858
Q2	40,568	14,382	11,546	1,736	210,064	-144,962	1,859	135,196	-28,975	106,220
Q3	40,803	14,223	30,989	1,780	197,367	-143,029	1,308	143,440	-33,862	109,579
Q4	44,199	15,039	30,033	403	220,100	-158,232	-303	151,237	-42,708	108,529
2025
Q1	41,008	14,463	42,010	-4,733	228,342	-154,498	567	167,160	-67,116	100,044
Q2	42,461	15,233	30,165	1,643	217,731	-146,860	-690	159,683	-50,370	109,313

Percentage change on corresponding period of previous year
2019	4.6	9.1	107.0		13.1	42.2		8.5		8.0
2020	-9.2	12.9	-18.4		11.8	-1.3		4.9		1.7
2021	11.9	9.3	-37.3		14.6	-6.6		17.5		15.0
2022	18.5	8.6	11.2		18.8	20.6		16.1		11.3
2023	13.6	10.1	18.6		-1.4	5.8		0.8		9.9
2024	7.0	7.7	-25.2		13.1	6.3		7.3		8.0

2019
Q1	4.6	8.5	13.6		15.1	19.9		7.2		6.1
Q2	5.0	9.4	249.1		11.8	70.3		7.6		2.3
Q3	4.3	8.2	12.1		12.4	12.4		9.2		7.3
Q4	4.4	10.4	127.4		13.1	58.2		10.0		15.7
2020
Q1	-3.6	6.5	344.4		18.1	92.6		9.5		8.4
Q2	-18.4	14.3	-71.9		4.7	-33.2		-0.1		-0.7
Q3	-6.0	12.2	9.3		6.9	-0.4		8.5		-0.4
Q4	-8.9	18.3	-59.2		17.3	-22.1		1.9		-0.1
2021
Q1	-3.6	14.8	-77.2		6.0	-42.6		12.1		2.5
Q2	21.7	8.6	16.8		21.5	16.2		23.0		17.8
Q3	13.1	9.8	-13.5		20.4	16.4		16.6		20.8
Q4	17.8	4.6	6.3		11.7	5.8		18.8		18.8
2022
Q1	23.2	8.5	24.1		18.2	24.4		14.5		14.3
Q2	20.3	6.3	33.3		19.9	27.6		17.9		19.2
Q3	15.2	5.4	44.0		22.7	31.9		16.3		7.9
Q4	16.4	14.2	-22.3		14.6	4.9		15.7		5.5
2023
Q1	15.7	9.6	22.4		10.4	14.7		7.7		5.8
Q2	15.5	10.8	8.5		-0.9	3.4		3.2		9.9
Q3	12.0	9.8	-5.4		-7.9	-4.9		-2.8		10.9
Q4	11.7	10.4	47.3		-5.4	10.8		-4.1		12.4
2024
Q1	8.7	7.7	-8.3		0.5	2.9		0.7		12.1
Q2	7.7	9.5	-60.1		19.9	12.1		4.2		10.5
Q3	6.3	8.3	10.0		12.7	13.5		7.0		7.4
Q4	5.7	5.3	-34.9		19.6	-1.4		17.3		3.1
2025
Q1	4.7	5.9	67.6		24.9	19.9		25.8		2.2
Q2	4.7	5.9	161.2		3.6	1.3		18.1		2.9

Open in Excel: Quarterly National Accounts Q2 2025 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 2023)

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2023)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
2019	134,038	41,566	223,286	1,668	518,072	-506,170	401,983	-97,684	305,914
2020	121,518	46,365	186,513	4,742	588,306	-507,130	430,740	-114,225	317,898
2021	132,360	49,439	112,093	4,519	665,618	-460,398	500,771	-140,492	361,583
2022	146,605	50,683	115,202	8,895	745,664	-529,319	538,384	-172,776	366,169
2023	153,926	53,217	130,596	9,288	716,393	-541,118	524,729	-133,977	390,752
2024	158,459	56,048	93,421	5,257	777,771	-555,653	538,369	-134,707	403,662

2019
Q1	32,614	10,141	21,117	971	119,577	-87,655	95,715	-23,823	72,247
Q2	32,470	10,287	71,112	-239	126,589	-139,938	97,405	-26,148	71,520
Q3	33,355	10,731	25,408	1,056	130,197	-96,097	104,005	-24,575	79,884
Q4	35,599	10,406	105,649	-120	141,708	-182,481	104,858	-23,138	82,263
2020
Q1	30,911	10,470	90,951	1,926	141,019	-168,534	103,998	-26,850	77,508
Q2	26,597	11,784	20,216	1,514	134,224	-93,023	99,800	-26,921	73,183
Q3	31,337	11,906	28,923	509	145,290	-97,023	116,211	-34,994	81,438
Q4	32,674	12,204	46,423	793	167,772	-148,549	110,731	-25,459	85,769
2021
Q1	29,731	12,250	20,500	1,859	151,312	-95,768	118,884	-37,851	81,166
Q2	31,563	12,376	22,596	224	165,316	-107,381	122,488	-37,271	85,421
Q3	34,402	12,094	22,807	3,338	168,994	-108,271	132,215	-36,286	96,305
Q4	36,664	12,719	46,190	-903	179,995	-148,978	127,184	-29,084	98,691
2022
Q1	34,683	12,064	23,601	1,550	171,695	-116,224	127,670	-42,557	85,185
Q2	35,412	12,572	28,200	4,703	183,674	-130,347	131,793	-40,549	91,448
Q3	36,879	12,890	31,217	2,556	193,947	-135,014	141,833	-47,694	94,202
Q4	39,631	13,158	32,184	85	196,348	-147,734	137,088	-41,975	95,333
2023
Q1	37,636	12,435	27,471	824	179,969	-125,691	130,787	-44,234	86,725
Q2	37,823	13,002	28,774	3,536	176,799	-130,282	130,697	-33,880	96,826
Q3	37,483	13,062	27,944	4,306	177,765	-125,779	135,161	-32,495	102,633
Q4	40,984	14,718	46,407	622	181,860	-159,366	128,084	-23,368	104,568
2024
Q1	38,287	13,003	24,051	1,091	176,666	-126,031	127,278	-33,830	93,448
Q2	38,955	13,905	11,120	1,823	202,325	-140,600	127,631	-27,886	99,745
Q3	38,745	13,891	30,207	1,842	191,224	-138,150	140,564	-32,764	107,800
Q4	42,472	15,249	28,043	501	207,556	-150,871	142,896	-40,226	102,670
2025
Q1	39,381	13,568	40,265	-4,865	214,568	-147,909	152,651	-62,861	89,790
Q2	40,214	14,604	27,888	1,678	206,488	-139,773	149,405	-47,694	101,712

Percentage change on corresponding period of previous year
2019	2.9	5.8	99.7		11.0	40.4	5.0		4.0
2020	-9.3	11.5	-16.5		13.6	0.2	7.2		3.9
2021	8.9	6.6	-39.9		13.1	-9.2	16.3		13.7
2022	10.8	2.5	2.8		12.0	15.0	7.5		1.3
2023	5.0	5.0	13.4		-3.9	2.2	-2.5		6.7
2024	2.9	5.3	-28.5		8.6	2.7	2.6		3.3

2019
Q1	3.0	7.2	12.5		12.2	17.2	3.8		2.7
Q2	3.3	4.9	241.7		9.9	67.8	4.1		-1.3
Q3	2.8	5.9	9.5		10.9	13.7	6.0		3.8
Q4	2.5	5.4	115.4		11.2	54.7	5.8		10.7
2020
Q1	-5.2	3.2	330.7		17.9	92.3	8.7		7.3
Q2	-18.1	14.6	-71.6		6.0	-33.5	2.5		2.3
Q3	-6.1	10.9	13.8		11.6	1.0	11.7		1.9
Q4	-8.2	17.3	-56.1		18.4	-18.6	5.6		4.3
2021
Q1	-3.8	17.0	-77.5		7.3	-43.2	14.3		4.7
Q2	18.7	5.0	11.8		23.2	15.4	22.7		16.7
Q3	9.8	1.6	-21.1		16.3	11.6	13.8		18.3
Q4	12.2	4.2	-0.5		7.3	0.3	14.9		15.1
2022
Q1	16.7	-1.5	15.1		13.5	21.4	7.4		5.0
Q2	12.2	1.6	24.8		11.1	21.4	7.6		7.1
Q3	7.2	6.6	36.9		14.8	24.7	7.3		-2.2
Q4	8.1	3.5	-30.3		9.1	-0.8	7.8		-3.4
2023
Q1	8.5	3.1	16.4		4.8	8.1	2.4		1.8
Q2	6.8	3.4	2.0		-3.7	-0.1	-0.8		5.9
Q3	1.6	1.3	-10.5		-8.3	-6.8	-4.7		9.0
Q4	3.4	11.9	44.2		-7.4	7.9	-6.6		9.7
2024
Q1	1.7	4.6	-12.4		-1.8	0.3	-2.7		7.8
Q2	3.0	6.9	-61.4		14.4	7.9	-2.3		3.0
Q3	3.4	6.3	8.1		7.6	9.8	4.0		5.0
Q4	3.6	3.6	-39.6		14.1	-5.3	11.6		-1.8
2025
Q1	2.9	4.3	67.4		21.5	17.4	19.9		-3.9
Q2	3.2	5.0	150.8		2.1	-0.6	17.1		2.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2025 Table 3.3 (XLS 22KB)

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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
2019
Q1	27,664	8,835	19,349	1,036	113,272	-82,361	87,313	-21,397	65,916
Q2	27,971	8,977	61,749	-318	117,090	-127,112	89,575	-23,826	65,749
Q3	28,108	9,141	21,846	1,174	120,528	-89,120	92,068	-21,869	70,199
Q4	28,628	9,116	90,331	-105	125,439	-160,697	94,740	-23,394	71,346
2020
Q1	26,733	9,413	80,838	2,067	133,012	-156,747	94,731	-24,225	70,506
Q2	22,775	10,242	17,818	1,267	122,999	-85,390	89,342	-24,377	64,965
Q3	26,405	10,302	23,835	485	129,261	-88,684	100,132	-29,616	70,516
Q4	26,076	10,739	35,286	775	147,415	-120,856	98,855	-25,636	73,219
2021
Q1	25,844	10,813	19,738	1,811	142,184	-93,286	106,414	-33,882	72,532
Q2	27,705	11,103	20,778	261	149,762	-99,328	109,707	-33,550	76,157
Q3	29,868	11,384	20,505	3,162	155,098	-103,421	116,004	-31,281	84,723
Q4	30,669	11,164	37,656	-955	162,687	-126,206	116,654	-30,235	86,419
2022
Q1	31,912	11,752	24,329	1,520	168,610	-115,678	122,045	-39,054	82,991
Q2	33,262	11,792	27,304	4,796	179,926	-126,430	129,295	-38,918	90,377
Q3	34,483	12,054	29,624	2,625	190,575	-136,045	134,467	-43,320	91,148
Q4	35,646	12,678	28,876	120	187,110	-132,858	134,969	-43,839	91,129
2023
Q1	36,978	12,901	29,295	878	184,805	-132,850	130,393	-43,550	86,843
Q2	38,311	13,055	29,395	3,574	178,185	-130,534	133,029	-34,583	98,446
Q3	38,716	13,285	28,034	4,004	175,429	-130,117	131,284	-29,034	102,250
Q4	39,802	13,934	44,085	832	176,019	-146,741	130,091	-26,771	103,320
2024
Q1	40,245	13,913	26,915	1,148	185,844	-137,189	130,318	-33,886	96,432
Q2	41,168	14,298	11,719	1,736	212,425	-145,494	137,961	-30,268	107,693
Q3	41,213	14,417	30,828	1,780	197,994	-146,750	141,466	-30,543	110,922
Q4	42,051	14,642	28,128	403	212,974	-145,870	152,821	-45,895	106,926
2025
Q1	42,152	14,756	43,852	-4,733	229,932	-163,050	162,178	-65,865	96,313
Q2	43,018	15,135	30,456	1,643	221,389	-148,013	163,744	-51,880	111,864

Percentage change on previous quarter
2019
Q1	1.0	6.8	-50.0		3.9	-17.3	3.0		9.4
Q2	1.1	1.6	219.1		3.4	54.3	2.6		-0.3
Q3	0.5	1.8	-64.6		2.9	-29.9	2.8		6.8
Q4	1.8	-0.3	313.5		4.1	80.3	2.9		1.6
2020
Q1	-6.6	3.3	-10.5		6.0	-2.5	-0.0		-1.2
Q2	-14.8	8.8	-78.0		-7.5	-45.5	-5.7		-7.9
Q3	15.9	0.6	33.8		5.1	3.9	12.1		8.5
Q4	-1.2	4.2	48.0		14.0	36.3	-1.3		3.8
2021
Q1	-0.9	0.7	-44.1		-3.5	-22.8	7.6		-0.9
Q2	7.2	2.7	5.3		5.3	6.5	3.1		5.0
Q3	7.8	2.5	-1.3		3.6	4.1	5.7		11.2
Q4	2.7	-1.9	83.6		4.9	22.0	0.6		2.0
2022
Q1	4.1	5.3	-35.4		3.6	-8.3	4.6		-4.0
Q2	4.2	0.3	12.2		6.7	9.3	5.9		8.9
Q3	3.7	2.2	8.5		5.9	7.6	4.0		0.9
Q4	3.4	5.2	-2.5		-1.8	-2.3	0.4		-0.0
2023
Q1	3.7	1.8	1.5		-1.2	-0.0	-3.4		-4.7
Q2	3.6	1.2	0.3		-3.6	-1.7	2.0		13.4
Q3	1.1	1.8	-4.6		-1.5	-0.3	-1.3		3.9
Q4	2.8	4.9	57.3		0.3	12.8	-0.9		1.0
2024
Q1	1.1	-0.2	-38.9		5.6	-6.5	0.2		-6.7
Q2	2.3	2.8	-56.5		14.3	6.1	5.9		11.7
Q3	0.1	0.8	163.1		-6.8	0.9	2.5		3.0
Q4	2.0	1.6	-8.8		7.6	-0.6	8.0		-3.6
2025
Q1	0.2	0.8	55.9		8.0	11.8	6.1		-9.9
Q2	2.1	2.6	-30.5		-3.7	-9.2	1.0		16.1

Open in Excel: Quarterly National Accounts Q2 2025 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 2023) - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2023)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
2019
Q1	33,088	10,285	23,621	971	123,742	-91,241	97,780	-22,522	75,726
Q2	33,531	10,366	72,485	-239	127,013	-141,163	99,595	-25,330	74,611
Q3	33,567	10,651	25,381	1,056	130,364	-99,549	101,704	-25,018	77,085
Q4	33,992	10,340	101,557	-120	135,174	-172,576	103,166	-24,831	78,770
2020
Q1	31,336	10,625	93,917	1,926	146,552	-173,297	106,496	-25,377	81,574
Q2	27,459	11,848	21,361	1,514	134,984	-94,373	101,897	-26,024	76,242
Q3	31,373	11,884	28,768	509	145,481	-100,238	113,867	-35,485	78,551
Q4	31,129	12,053	42,361	793	160,542	-137,028	110,891	-27,385	83,944
2021
Q1	30,167	12,464	23,585	1,859	156,350	-101,176	121,689	-36,134	85,784
Q2	32,399	12,427	23,605	224	166,524	-108,793	124,984	-36,350	88,902
Q3	34,464	12,152	22,456	3,338	168,934	-111,947	128,618	-36,698	92,226
Q4	34,926	12,416	42,145	-903	171,832	-136,237	126,283	-31,311	95,474
2022
Q1	35,250	12,371	27,167	1,550	177,236	-123,324	131,257	-40,702	90,740
Q2	36,217	12,618	28,685	4,703	185,550	-131,301	134,719	-39,487	95,513
Q3	37,176	12,998	30,813	2,556	193,608	-139,358	137,379	-48,026	89,330
Q4	37,718	12,703	28,626	85	188,590	-133,973	135,422	-44,569	90,942
2023
Q1	38,376	12,866	31,251	824	184,427	-133,975	133,178	-42,146	91,155
Q2	38,510	13,040	28,908	3,536	179,046	-130,721	133,933	-32,788	101,123
Q3	38,032	13,226	27,373	4,306	176,793	-129,407	130,502	-32,756	97,737
Q4	38,889	14,042	43,277	622	174,171	-146,139	127,185	-26,248	100,843
2024
Q1	39,134	13,552	27,669	1,091	183,746	-134,891	129,386	-31,738	97,649
Q2	39,486	13,908	10,998	1,823	203,822	-141,049	129,963	-26,695	103,268
Q3	39,567	14,069	29,434	1,842	190,447	-141,962	136,461	-33,011	103,450
Q4	40,205	14,412	25,352	501	200,097	-137,770	142,369	-43,397	98,972
2025
Q1	40,295	14,229	43,952	-4,865	218,915	-157,160	153,093	-60,650	92,443
Q2	40,687	14,590	27,725	1,678	210,209	-140,227	153,420	-46,463	106,957

Percentage change on previous quarter
2019
Q1	-0.1	4.6	-47.8		1.3	-16.8	0.9		7.5
Q2	1.3	0.8	206.9		2.6	54.7	1.9		-1.5
Q3	0.1	2.8	-65.0		2.6	-29.5	2.1		3.3
Q4	1.3	-2.9	300.1		3.7	73.4	1.4		2.2
2020
Q1	-7.8	2.8	-7.5		8.4	0.4	3.2		3.6
Q2	-12.4	11.5	-77.3		-7.9	-45.5	-4.3		-6.5
Q3	14.3	0.3	34.7		7.8	6.2	11.7		3.0
Q4	-0.8	1.4	47.2		10.4	36.7	-2.6		6.9
2021
Q1	-3.1	3.4	-44.3		-2.6	-26.2	9.7		2.2
Q2	7.4	-0.3	0.1		6.5	7.5	2.7		3.6
Q3	6.4	-2.2	-4.9		1.4	2.9	2.9		3.7
Q4	1.3	2.2	87.7		1.7	21.7	-1.8		3.5
2022
Q1	0.9	-0.4	-35.5		3.1	-9.5	3.9		-5.0
Q2	2.7	2.0	5.6		4.7	6.5	2.6		5.3
Q3	2.6	3.0	7.4		4.3	6.1	2.0		-6.5
Q4	1.5	-2.3	-7.1		-2.6	-3.9	-1.4		1.8
2023
Q1	1.7	1.3	9.2		-2.2	0.0	-1.7		0.2
Q2	0.4	1.3	-7.5		-2.9	-2.4	0.6		10.9
Q3	-1.2	1.4	-5.3		-1.3	-1.0	-2.6		-3.3
Q4	2.3	6.2	58.1		-1.5	12.9	-2.5		3.2
2024
Q1	0.6	-3.5	-36.1		5.5	-7.7	1.7		-3.2
Q2	0.9	2.6	-60.3		10.9	4.6	0.4		5.8
Q3	0.2	1.2	167.6		-6.6	0.6	5.0		0.2
Q4	1.6	2.4	-13.9		5.1	-3.0	4.3		-4.3
2025
Q1	0.2	-1.3	73.4		9.4	14.1	7.5		-6.6
Q2	1.0	2.5	-36.9		-4.0	-10.8	0.2		15.7
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2025 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
2019	4,344	2,880	16,229	1,505	25,935	17,279	142,663	193,555
2020	4,417	2,705	14,871	1,162	17,782	10,168	117,053	157,989
2021	4,412	5,114	15,426	1,472	20,591	11,284	51,991	99,007
2022	7,531	5,707	15,973	1,891	26,620	14,391	52,379	110,101
2023	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024	10,311	7,810	16,316	1,591	25,550	12,509	36,057	97,634

2019
Q1	959	699	3,091	333	6,353	3,618	6,348	17,782
Q2	1,015	683	3,407	341	6,114	4,259	49,424	60,983
Q3	1,253	808	4,503	381	6,203	4,241	8,712	21,860
Q4	1,117	691	5,228	450	7,264	5,161	78,178	92,929
	4,344	2,880	16,229	1,505	25,935	17,279	142,663	193,555
2020
Q1	1,163	491	3,621	375	n/a	n/a	n/a	79,024
Q2	683	550	2,351	193	n/a	n/a	n/a	17,149
Q3	1,159	774	4,214	216	4,710	2,469	12,813	23,887
Q4	1,411	889	4,685	378	6,065	4,355	24,501	37,929
	4,417	2,705	14,871	1,162	17,782	10,168	117,053	157,989
2021
Q1	911	871	2,593	331	5,227	2,769	8,060	17,994
Q2	1,096	1,303	3,126	359	5,319	3,186	8,818	20,022
Q3	1,058	1,358	4,479	331	3,935	1,390	9,495	20,657
Q4	1,346	1,582	5,227	450	6,110	3,938	25,618	40,334
	4,412	5,114	15,426	1,472	20,591	11,284	51,991	99,007
2022
Q1	1,500	1,251	3,234	416	5,654	2,882	10,273	22,329
Q2	1,969	1,371	3,610	437	7,085	3,388	12,223	26,695
Q3	2,011	1,482	4,525	590	6,477	3,314	14,671	29,756
Q4	2,051	1,603	4,604	448	7,404	4,808	15,212	31,321
	7,531	5,707	15,973	1,891	26,620	14,391	52,379	110,101
2023
Q1	2,146	1,902	3,730	376	7,043	3,098	12,130	27,327
Q2	2,260	1,868	3,950	370	7,847	4,424	12,665	28,960
Q3	2,758	1,991	4,595	394	6,349	2,734	12,076	28,163
Q4	2,752	2,201	4,421	421	7,878	5,001	28,473	46,145
	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024
Q1	2,123	1,849	3,233	335	5,059	1,012	12,467	25,066
Q2	2,365	1,781	3,877	381	8,120	4,842	-4,977	11,546
Q3	3,276	2,046	4,575	374	7,015	3,925	13,703	30,989
Q4	2,547	2,134	4,632	500	5,356	2,730	14,864	30,033
	10,311	7,810	16,316	1,591	25,550	12,509	36,057	97,634
2025
Q1	2,286	2,137	3,890	403	6,762	2,935	26,533	42,010
Q2	3,389	2,140	4,142	424	6,136	2,851	13,934	30,165

Percentage change on corresponding period of previous year
2019	11.4	-10.6	15.2	8.4	-2.1	0.7	221.2	107.0
2020	1.7	-6.1	-8.4	-22.8	-31.4	-41.2	-18.0	-18.4
2021	-0.1	89.1	3.7	26.7	15.8	11.0	-55.6	-37.3
2022	70.7	11.6	3.5	28.4	29.3	27.5	0.7	11.2
2023	31.7	39.5	4.5	-17.5	9.4	6.0	24.8	18.6
2024	4.0	-1.9	-2.3	2.0	-12.2	-18.0	-44.8	-25.2

2019
Q1	18.3	-20.8	16.5	12.5	12.2	28.3	18.6	13.6
Q2	3.2	-18.9	10.1	-1.0	3.4	23.0	685.7	249.1
Q3	14.7	3.7	15.0	10.6	-4.2	-1.3	26.3	12.1
Q4	10.0	-4.1	18.3	11.6	-13.9	-21.5	202.2	127.4
2020
Q1	21.3	-29.8	17.1	12.7	n/a	n/a	n/a	344.4
Q2	-32.7	-19.4	-31.0	-43.3	n/a	n/a	n/a	-71.9
Q3	-7.5	-4.1	-6.4	-43.3	-24.1	-41.8	47.1	9.3
Q4	26.3	28.6	-10.4	-16.1	-16.5	-15.6	-68.7	-59.2
2021
Q1	-21.7	77.5	-28.4	-11.6	n/a	n/a	n/a	-77.2
Q2	60.4	136.8	33.0	86.1	n/a	n/a	n/a	16.8
Q3	-8.7	75.4	6.3	53.5	-16.5	-43.7	-25.9	-13.5
Q4	-4.6	77.9	11.6	19.0	0.7	-9.6	4.6	6.3
2022
Q1	64.7	43.7	24.7	25.4	8.2	4.1	27.5	24.1
Q2	79.7	5.2	15.5	21.5	33.2	6.3	38.6	33.3
Q3	90.0	9.1	1.0	78.1	64.6	138.4	54.5	44.0
Q4	52.3	1.3	-11.9	-0.5	21.2	22.1	-40.6	-22.3
2023
Q1	43.1	52.0	15.3	-9.6	24.6	7.5	18.1	22.4
Q2	14.8	36.3	9.4	-15.4	10.7	30.6	3.6	8.5
Q3	37.1	34.4	1.6	-33.3	-2.0	-17.5	-17.7	-5.4
Q4	34.2	37.3	-4.0	-6.0	6.4	4.0	87.2	47.3
2024
Q1	-1.1	-2.8	-13.3	-10.8	-28.2	-67.3	2.8	-8.3
Q2	4.6	-4.7	-1.9	3.0	3.5	9.5	..	-60.1
Q3	18.8	2.8	-0.5	-5.0	10.5	43.6	13.5	10.0
Q4	-7.5	-3.0	4.8	19.0	-32.0	-45.4	-47.8	-34.9
2025
Q1	7.7	15.6	20.3	20.1	33.7	190.1	112.8	67.6
Q2	43.3	20.1	6.8	11.4	-24.4	-41.1	..	161.2
n/a Data suppressed for confidentiality reasons
.. 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 2023) - Non-Seasonally Adjusted

Table 3.7 Components of 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	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2019	7,522	3,895	21,946	1,931	29,016	20,275	151,943	223,286
2020	7,238	3,552	19,529	1,475	20,031	11,782	129,273	186,513
2021	6,777	6,053	18,265	1,716	22,976	12,729	55,828	112,093
2022	9,338	5,997	16,782	1,962	27,820	15,296	53,493	115,202
2023	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024	9,499	7,584	15,843	1,490	24,971	12,153	34,034	93,421

2019
Q1	1,680	985	4,342	432	7,120	4,264	6,977	21,117
Q2	1,768	943	4,706	440	6,805	5,009	53,346	71,112
Q3	2,151	1,098	6,146	485	6,899	4,978	9,350	25,408
Q4	1,923	869	6,753	575	8,193	6,024	82,271	105,649
	7,522	3,895	21,946	1,931	29,016	20,275	151,943	223,286
2020
Q1	1,925	619	4,684	478	n/a	n/a	n/a	90,951
Q2	1,124	805	3,316	247	n/a	n/a	n/a	20,216
Q3	1,895	997	5,491	275	5,315	2,865	15,140	28,923
Q4	2,293	1,131	6,039	476	6,813	5,031	28,922	46,423
	7,238	3,552	19,529	1,475	20,031	11,782	129,273	186,513
2021
Q1	1,427	1,070	3,236	408	5,876	3,161	8,479	20,500
Q2	1,710	1,639	3,888	433	5,947	3,616	9,132	22,596
Q3	1,626	1,586	5,259	380	4,401	1,565	9,839	22,807
Q4	2,015	1,759	5,882	495	6,751	4,387	28,378	46,190
	6,777	6,053	18,265	1,716	22,976	12,729	55,828	112,093
2022
Q1	1,935	1,348	3,509	445	6,146	3,173	10,301	23,601
Q2	2,491	1,438	3,812	460	7,472	3,670	12,628	28,200
Q3	2,476	1,580	4,765	604	6,694	3,501	15,123	31,217
Q4	2,436	1,631	4,697	453	7,507	4,951	15,441	32,184
	9,338	5,997	16,782	1,962	27,820	15,296	53,493	115,202
2023
Q1	2,218	1,936	3,777	380	7,108	3,140	12,113	27,471
Q2	2,292	1,866	3,949	376	7,858	4,432	12,496	28,774
Q3	2,736	1,975	4,577	394	6,350	2,722	12,060	27,944
Q4	2,671	2,185	4,394	410	7,800	4,962	28,675	46,407
	9,916	7,962	16,697	1,560	29,116	15,256	65,345	130,596
2024
Q1	2,005	1,813	3,180	325	4,963	989	11,767	24,051
Q2	2,212	1,717	3,760	364	7,946	4,721	-4,878	11,120
Q3	2,990	2,027	4,489	348	6,856	3,805	13,496	30,207
Q4	2,292	2,026	4,415	454	5,206	2,639	13,649	28,043
	9,499	7,584	15,843	1,490	24,971	12,153	34,034	93,421
2025
Q1	2,035	2,026	3,698	362	6,564	2,829	25,580	40,265
Q2	3,017	2,025	3,929	377	5,991	2,737	12,549	27,888

Percentage change on corresponding period of previous year
2019	13.4	-16.2	8.0	4.5	-2.1	-0.3	208.4	99.7
2020	-3.8	-8.8	-11.0	-23.6	-31.0	-41.9	-14.9	-16.5
2021	-6.4	70.4	-6.5	16.3	14.7	8.0	-56.8	-39.9
2022	37.8	-0.9	-8.1	14.3	21.1	20.2	-4.2	2.8
2023	6.2	32.8	-0.5	-20.5	4.7	-0.3	22.2	13.4
2024	-4.2	-4.8	-5.1	-4.5	-14.2	-20.3	-47.9	-28.5

2019
Q1	18.0	-24.6	8.8	6.3	12.3	27.1	20.1	12.5
Q2	4.9	-22.7	4.7	-4.8	2.9	22.0	672.2	241.7
Q3	17.3	-2.1	9.2	7.1	-4.3	-2.3	21.9	9.5
Q4	13.7	-13.3	8.9	9.1	-13.6	-22.6	184.9	115.4
2020
Q1	14.6	-37.1	7.9	10.7	n/a	n/a	n/a	330.7
Q2	-36.4	-14.7	-29.5	-43.9	n/a	n/a	n/a	-71.6
Q3	-11.9	-9.2	-10.7	-43.3	-23.0	-42.4	61.9	13.8
Q4	19.2	30.1	-10.6	-17.2	-16.8	-16.5	-64.8	-56.1
2021
Q1	-25.9	72.7	-30.9	-14.7	n/a	n/a	n/a	-77.5
Q2	52.1	103.6	17.2	75.5	n/a	n/a	n/a	11.8
Q3	-14.2	59.2	-4.2	38.5	-17.2	-45.4	-35.0	-21.1
Q4	-12.1	55.5	-2.6	4.1	-0.9	-12.8	-1.9	-0.5
2022
Q1	35.6	26.1	8.4	9.2	4.6	0.4	21.5	15.1
Q2	45.7	-12.2	-1.9	6.3	25.6	1.5	38.3	24.8
Q3	52.3	-0.4	-9.4	58.7	52.1	123.7	53.7	36.9
Q4	20.9	-7.3	-20.2	-8.6	11.2	12.8	-45.6	-30.3
2023
Q1	14.6	43.6	7.6	-14.6	15.6	-1.0	17.6	16.4
Q2	-8.0	29.8	3.6	-18.3	5.2	20.7	-1.0	2.0
Q3	10.5	25.0	-3.9	-34.7	-5.1	-22.3	-20.3	-10.5
Q4	9.7	34.0	-6.5	-9.5	3.9	0.2	85.7	44.2
2024
Q1	-9.6	-6.4	-15.8	-14.6	-30.2	-68.5	-2.9	-12.4
Q2	-3.5	-8.0	-4.8	-3.2	1.1	6.5	..	-61.4
Q3	9.3	2.6	-1.9	-11.8	8.0	39.8	11.9	8.1
Q4	-14.2	-7.3	0.5	10.9	-33.3	-46.8	-52.4	-39.6
2025
Q1	1.5	11.7	16.3	11.5	32.3	186.2	117.4	67.4
Q2	36.4	17.9	4.5	3.7	-24.6	-42.0	..	150.8
¹Chain linked series not additive
n/a Data suppressed for confidentiality reasons
.. 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 Q2 2025 Table 3.7 (XLS 20KB)

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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 2023) - 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 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	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
2019
Q1	5,894	6,519	6,936	19,349	8,680	7,337	8,273	23,621
Q2	6,009	6,097	49,643	61,749	8,684	6,804	54,129	72,485
Q3	6,421	6,801	8,624	21,846	9,311	7,554	9,226	25,381
Q4	6,503	6,466	77,363	90,331	8,987	7,326	80,363	101,557
2020
Q1	6,562	n/a	n/a	80,838	8,990	n/a	n/a	93,917
Q2	4,177	n/a	n/a	17,818	6,096	n/a	n/a	21,361
Q3	5,831	5,341	12,663	23,835	8,111	5,972	14,878	28,768
Q4	6,522	5,278	23,486	35,286	8,841	5,956	26,908	42,361
2021
Q1	5,417	5,354	8,968	19,738	7,141	6,130	10,380	23,585
Q2	6,382	5,331	9,064	20,778	8,371	5,990	9,555	23,605
Q3	6,604	4,585	9,316	20,505	8,305	5,013	9,491	22,456
Q4	7,730	5,396	24,530	37,656	9,219	5,918	26,313	42,145
2022
Q1	7,294	5,711	11,324	24,329	8,332	6,459	12,462	27,167
Q2	7,938	6,962	12,404	27,304	8,676	7,368	12,732	28,685
Q3	7,877	7,243	14,504	29,624	8,649	7,332	14,809	30,813
Q4	7,980	6,820	14,076	28,876	8,416	6,763	13,481	28,626
2023
Q1	9,225	6,960	13,110	29,295	9,506	7,438	14,373	31,251
Q2	8,980	7,663	12,751	29,395	8,955	7,682	12,360	28,908
Q3	8,908	7,174	11,952	28,034	8,808	6,936	11,728	27,373
Q4	9,135	7,406	27,544	44,085	8,978	7,148	26,896	43,277
2024
Q1	8,576	4,910	13,428	26,915	8,322	5,357	13,990	27,669
Q2	8,807	7,864	-4,952	11,719	8,449	7,660	-5,111	10,998
Q3	9,350	7,853	13,625	30,828	8,959	7,357	13,117	29,434
Q4	9,225	4,968	13,935	28,128	8,653	4,580	12,118	25,352
2025
Q1	9,776	6,587	27,489	43,852	9,192	7,044	27,716	43,952
Q2	10,678	5,842	13,936	30,456	9,786	5,645	12,294	27,725

Percentage change on previous quarter
2019
Q1	3.4	-15.6	-72.5	-50.0	3.1	-15.6	-69.4	-47.8
Q2	2.0	-6.5	615.7	219.1	0.0	-7.3	554.3	206.9
Q3	6.8	11.6	-82.6	-64.6	7.2	11.0	-83.0	-65.0
Q4	1.3	-4.9	797.1	313.5	-3.5	-3.0	771.1	300.1
2020
Q1	0.9	n/a	n/a	-10.5	0.0	n/a	n/a	-7.5
Q2	-36.4	n/a	n/a	-78.0	-32.2	n/a	n/a	-77.3
Q3	39.6	n/a	n/a	33.8	33.1	n/a	n/a	34.7
Q4	11.9	-1.2	85.5	48.0	9.0	-0.3	80.9	47.2
2021
Q1	-16.9	1.4	-61.8	-44.1	-19.2	2.9	-61.4	-44.3
Q2	17.8	-0.4	1.1	5.3	17.2	-2.3	-8.0	0.1
Q3	3.5	-14.0	2.8	-1.3	-0.8	-16.3	-0.7	-4.9
Q4	17.1	17.7	163.3	83.6	11.0	18.1	177.3	87.7
2022
Q1	-5.6	5.8	-53.8	-35.4	-9.6	9.1	-52.6	-35.5
Q2	8.8	21.9	9.5	12.2	4.1	14.1	2.2	5.6
Q3	-0.8	4.0	16.9	8.5	-0.3	-0.5	16.3	7.4
Q4	1.3	-5.8	-2.9	-2.5	-2.7	-7.8	-9.0	-7.1
2023
Q1	15.6	2.1	-6.9	1.5	12.9	10.0	6.6	9.2
Q2	-2.7	10.1	-2.7	0.3	-5.8	3.3	-14.0	-7.5
Q3	-0.8	-6.4	-6.3	-4.6	-1.6	-9.7	-5.1	-5.3
Q4	2.6	3.2	130.5	57.3	1.9	3.1	129.3	58.1
2024
Q1	-6.1	-33.7	-51.2	-38.9	-7.3	-25.0	-48.0	-36.1
Q2	2.7	60.2	..	-56.5	1.5	43.0	..	-60.3
Q3	6.2	-0.1	..	163.1	6.0	-4.0	..	167.6
Q4	-1.3	-36.7	2.3	-8.8	-3.4	-37.7	-7.6	-13.9
2025
Q1	6.0	32.6	97.3	55.9	6.2	53.8	128.7	73.4
Q2	9.2	-11.3	-49.3	-30.5	6.5	-19.9	-55.6	-36.9
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/a Data suppressed for confidentiality reasons
.. Percentage change calculations based on variables in money terms that have values of opposite sign in consecutive reference periods are not meaningful