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Quarterly National Accounts Quarter 2 2026

Foreign and Domestic GVA

Multinational sector expanded by 11.2% in Q2 2026 while Non-MNE dominated rose by 0.7%

Online ISSN: 2009-5775

CSO statistical release, 04 September 2026, 11am

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q2 2026¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	70,816	11.2
Other	72,701	0.7
Total GVA (MNE dominated + Other)	143,517	5.6
¹Constant Market Prices, chain linked annually and referenced to year 2024, seasonally adjusted

Open in Excel: Quarterly National Accounts Q2 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 expanded by 11.2% in the second quarter of 2026. GVA for the non-MNE dominated sectors of the economy rose by 0.7% over the same period.

Real GVA for the total economy amounted to €143.5 billion in the Q2 2026 reference period, with GVA for MNE dominated sectors representing 49.3% of Total GVA while GVA for the non-MNE dominated sectors represented 50.7% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2024	-0.601473071586034	3.60405714340295
Q2 2024	2.34483131969805	-1.1890829976453
Q3 2024	10.7594605108437	0.772023031142655
Q4 2024	4.69806069824887	1.40987992374448
Q1 2025	21.3584251297004	0.173451481475317
Q2 2025	-19.5973720533923	0.416693482074648
Q3 2025	4.03716209310707	1.24376879698254
Q4 2025	-2.1933946362499	-0.232005508929456
Q1 2026	-7.77991949258445	0.194416769513905
Q2 2026	11.2320923031523	0.697331935774437

The classification of value added for the total economy between (a) the Foreign-owned MNE dominated sector and (b) the Other sector in Tables 6.2 and 6.3 is determined by business accounting turnover. Foreign-owned MNE dominated sectors are defined as those where MNE turnover on average exceeds 85% of the sector total. Economic activity classified to the Non-MNE dominated sector falls below this turnover threshold.

The main sectors dominated by MNEs in Ireland are:

Pharma and Chemical production
Computer, electronic and optical device manufacturing
Medical instrument production
Information & Communications, including software publishing

The combination of all remaining non-MNE dominated sectors provides an estimation of the value-added contribution of the domestic-facing side of the economy to the overall economy.

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2024)

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

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

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

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

2023
Q1	58,963	62,893	121,856	60,578	64,734	125,305
Q2	58,151	65,848	123,999	62,552	67,408	129,953
Q3	59,759	66,404	126,163	63,212	67,780	130,986
Q4	56,239	67,317	123,556	59,432	68,869	128,290
					.
2024
Q1	59,163	67,227	126,390	56,528	68,891	125,509
Q2	60,639	69,790	130,429	58,380	69,263	127,711
Q3	64,818	71,645	136,463	69,220	70,220	139,356
Q4	69,815	71,799	141,614	70,308	72,088	142,321

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

2026
Q1	60,701	72,631	133,331	61,030	70,824	131,853
Q2	70,737	75,146	145,883	69,607	72,361	141,968

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

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

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

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

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

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

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

2026
Q1	-26.9	2.8	-13.3	-24.7	1.6	-12.5
Q2	7.0	3.3	5.1	4.6	1.8	3.2
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2026 Table 6.2 (XLS 18KB)

Visit Table NAQ06 on PxStat

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2024) - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2024)¹ - Seasonally Adjusted						€million
	Current Basic Prices			Constant Basic Prices
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2020
Q1	42,974	48,712	91,686	45,859	60,047	105,905
Q2	42,886	41,225	84,110	47,477	49,326	96,803
Q3	45,335	46,154	91,489	50,047	55,088	105,135
Q4	42,198	47,483	89,681	49,689	56,269	105,957

2021
Q1	53,146	48,660	101,806	59,447	56,647	116,094
Q2	53,174	50,133	103,307	60,222	58,674	118,897
Q3	55,659	52,252	107,912	62,562	60,380	122,942
Q4	55,180	54,709	109,888	61,629	63,120	124,749

2022
Q1	61,289	56,167	117,456	65,920	60,668	126,588
Q2	63,737	58,376	122,113	67,800	62,185	129,985
Q3	69,548	59,900	129,448	71,076	62,703	133,779
Q4	69,118	62,168	131,287	73,776	64,419	138,194

2023
Q1	58,980	64,383	123,363	62,191	66,182	128,374
Q2	59,975	65,572	125,547	64,502	67,380	131,882
Q3	58,244	65,921	124,164	60,697	67,537	128,235
Q4	56,047	66,692	122,739	58,940	67,789	126,729

2024
Q1	59,503	68,627	128,130	58,586	70,232	128,818
Q2	61,562	69,498	131,060	59,959	69,397	129,357
Q3	63,790	71,129	134,919	66,411	69,933	136,344
Q4	69,631	71,227	140,859	69,531	70,919	140,450

2025
Q1	83,793	72,010	155,803	84,381	71,042	155,423
Q2	66,270	72,415	138,686	67,845	71,338	139,183
Q3	66,444	72,654	139,098	70,584	72,225	142,809
Q4	66,264	73,836	140,100	69,036	72,058	141,093

2026
Q1	61,194	74,088	135,282	63,665	72,198	135,862
Q2	70,446	74,835	145,281	70,816	72,701	143,517

Percentage change on previous quarter
2020
Q1	6.3	-0.8	2.4	12.0	0.9	5.4
Q2	-0.2	-15.4	-8.3	3.5	-17.9	-8.6
Q3	5.7	12.0	8.8	5.4	11.7	8.6
Q4	-6.9	2.9	-2.0	-0.7	2.1	0.8

2021
Q1	25.9	2.5	13.5	19.6	0.7	9.6
Q2	0.1	3.0	1.5	1.3	3.6	2.4
Q3	4.7	4.2	4.5	3.9	2.9	3.4
Q4	-0.9	4.7	1.8	-1.5	4.5	1.5

2022
Q1	11.1	2.7	6.9	7.0	-3.9	1.5
Q2	4.0	3.9	4.0	2.9	2.5	2.7
Q3	9.1	2.6	6.0	4.8	0.8	2.9
Q4	-0.6	3.8	1.4	3.8	2.7	3.3

2023
Q1	-14.7	3.6	-6.0	-15.7	2.7	-7.1
Q2	1.7	1.8	1.8	3.7	1.8	2.7
Q3	-2.9	0.5	-1.1	-5.9	0.2	-2.8
Q4	-3.8	1.2	-1.1	-2.9	0.4	-1.2

2024
Q1	6.2	2.9	4.4	-0.6	3.6	1.6
Q2	3.5	1.3	2.3	2.3	-1.2	0.4
Q3	3.6	2.3	2.9	10.8	0.8	5.4
Q4	9.2	0.1	4.4	4.7	1.4	3.0

2025
Q1	20.3	1.1	10.6	21.4	0.2	10.7
Q2	-20.9	0.6	-11.0	-19.6	0.4	-10.4
Q3	0.3	0.3	0.3	4.0	1.2	2.6
Q4	-0.3	1.6	0.7	-2.2	-0.2	-1.2

2026
Q1	-7.7	0.3	-3.4	-7.8	0.2	-3.7
Q2	15.1	1.0	7.4	11.2	0.7	5.6
¹Chain linked series not additive