| Table 1.1 GDP and GNP at constant 2024 prices, Q2 20261 | ||
| Amount €m | Quarterly % change | |
| Gross Domestic Product | 149,714 | 10.2 |
| Gross National Product | 111,318 | -5.0 |
| Modified Final Domestic Demand | 74,844 | -0.8 |
| 1Constant Market Prices, chain linked annually and referenced to year 2024, seasonally adjusted | ||
Estimates for the second quarter of 2026 indicate that GDP rose by 10.2% in real terms compared to the previous quarter while GNP decreased by 5.0%. Modified Domestic Demand, a broad measure of underlying domestic activity that covers personal, government and investment spending fell by 0.8% in Q2.
| GDP | GNP | MDD | |
| Q1 2024 | 2.29804582823843 | -2.81833214115498 | 0.271739546211647 |
| Q2 2024 | 0.101347530403739 | 6.68991147357725 | -0.0565736184417576 |
| Q3 2024 | 7.70480146350248 | 0.0876306989109787 | 1.03878130765314 |
| Q4 2024 | 1.76502489079542 | -5.13729304283453 | -0.461628014031068 |
| Q1 2025 | 6.31507571929599 | -3.2341444679574 | 2.65508782866684 |
| Q2 2025 | -4.14838128722229 | 4.79125653487378 | 2.21661930557877 |
| Q3 2025 | 1.38936551593947 | 8.26682918904373 | 0.132310180446549 |
| Q4 2025 | -3.31220093830129 | -3.52959636715173 | 0.617564743553123 |
| Q1 2026 | -7.80554211998996 | 5.93261602198647 | 1.37447271644824 |
| Q2 2026 | 10.1834368671577 | -4.95336059572312 | -0.754433051170034 |
Get the data: NAQ03
| Industry (excl. Construction) | Information & Communication | Professional, Admin & Support Services | Distribution, Transport, Hotels & Restaurants | Public Admin, Education & Health | Real Estate Activities | Financial & Insurance Activities | Construction | Arts, Entertainment & Other Services | Agriculture, Forestry & Fishing | |
| Q1 2026 | 36.600936629 | 32.5666099685 | 16.4799593136 | 13.4734946505 | 13.3072510814 | 8.1961175328 | 5.9610770843 | 3.8082017609 | 1.4532563319 | 1.5270525705 |
| Q2 2026 | 44.692850606 | 33.3113721295 | 16.8541757972 | 13.4400569589 | 13.5280671922 | 8.1453623169 | 6.071092056 | 3.8765428784 | 1.4837374518 | 1.6476163253 |
| Industry (excl. Construction) | Information & Communication | Professional, Admin & Support Services | Distribution, Transport, Hotels & Restaurants | Public Admin, Education & Health | Real Estate Activities | Financial & Insurance Activities | Construction | Arts, Entertainment & Other Services | Agriculture, Forestry & Fishing | |
| Q4 2025 | 51.563496659 | 31.0104853963 | 14.4333151307 | 13.6241680443 | 12.1629397147 | 7.7745433319 | 7.2966735126 | 3.612162101 | 1.3951426808 | 1.1963374083 |
| Q1 2026 | 33.5316818075 | 30.3951458534 | 14.6461991646 | 13.6476217268 | 12.1535001056 | 7.7478425932 | 6.8878578929 | 3.6538038242 | 1.3337418492 | 1.1332893271 |
Get the data: NAQ02
The MNE dominated sectors of the economy expanded by 11.2% in the second quarter of 2026. The Industry (excluding Construction) sector rose by 22.1%, while the Information & Communication sector grew by 2.3% in the quarter. Overall, the non-MNE sectors expanded by 0.7%. The largest contributions to growth were recorded in the Professional, Administrative & Support and Public Administration, Education & Health sectors which rose by 2.3% and 1.7% respectively. However, there were contractions in Real Estate Activities and the Distribution, Transport, Hotels & Restaurants sector which fell by 0.6% and 0.2% respectively. (See Tables 2.5 and 6.3).
| Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | Modified Final Domestic Demand | GDP | |
| Q1 2024 | 39.5688211853 | 14.2082129422 | 29.2216945934 | 1.3855662657 | 50.1573986719 | 70.0056598656 | 134.4649029504 |
| Q2 2024 | 39.6991124329 | 14.3263400811 | 13.2020910715 | 1.9038286349 | 64.515822037 | 69.9660551307 | 134.6011798088 |
| Q3 2024 | 39.7072512965 | 14.3192225395 | 31.8101336305 | 2.094141016 | 54.0755798235 | 70.6928494331 | 144.9719334806 |
| Q4 2024 | 40.230132855 | 14.6249127525 | 27.9721442032 | 1.0697521674 | 65.2575356599 | 70.3665114362 | 147.5307241912 |
| Q1 2025 | 40.4001786023 | 14.7442214012 | 45.5849408096 | -3.9164161629 | 56.9137557562 | 72.2348041168 | 156.8474011331 |
| Q2 2025 | 40.8140566786 | 14.8995533288 | 31.3208694887 | 2.8528739121 | 64.6895779115 | 73.8359747302 | 150.340772895 |
| Q3 2025 | 40.906740549 | 14.8774672858 | 33.0551854439 | 4.7734189331 | 55.9708995899 | 73.9336672416 | 152.42955575 |
| Q4 2025 | 41.1909191999 | 14.8140141168 | 31.6225347217 | -2.3347984909 | 62.1419330656 | 74.3902555041 | 147.3807825742 |
| Q1 2026 | 41.5151485666 | 14.7063492165 | 32.3971413624 | 5.0274043731 | 36.796825286 | 75.4127292697 | 135.8769135136 |
| Q2 2026 | 41.9193698061 | 14.7241575579 | 31.8781862475 | -5.0450575779 | 65.1568026371 | 74.8437907153 | 149.7138532183 |
Get the data: NAQ03, NAQ04, NAQ05
On the expenditure side of the accounts (Table 3.5), Exports increased by 17.1% in Q2 2026 compared with Q1 2026 while Imports increased by 4.0% which meant that overall net exports for the quarter expanded by 77.1%. Capital Investment decreased by €10.6 billion during the quarter (a 28.3% decrease quarter-on-quarter) with the Capital Formation element decreasing by €0.5 billion (a 1.6% decrease quarter-on-quarter). Personal Consumption Expenditure grew by 1.0% in Q2 2026 compared with the previous quarter, while Government Expenditure on Current Goods and Services rose by 0.1% quarter-on-quarter. These impacts when combined resulted in an overall increase in Real GDP in Q2 2026 of 10.2%. Final Domestic Demand fell by 0.1% in Q2 compared with the previous quarter, while Modified Domestic Demand fell by 0.8% over the same period.
| GDP | Net Factor Income from Rest of World | GNP | |
| Q1 2024 | 134.4649029504 | -31.4055572131 | 103.0537861589 |
| Q2 2024 | 134.6011798088 | -24.5941564399 | 109.9479932231 |
| Q3 2024 | 144.9719334806 | -34.9299608012 | 110.044341418 |
| Q4 2024 | 147.5307241912 | -43.2019040544 | 104.3910411223 |
| Q1 2025 | 156.8474011331 | -55.8325170922 | 101.0148840408 |
| Q2 2025 | 150.340772895 | -44.4860066213 | 105.8547662736 |
| Q3 2025 | 152.42955575 | -37.82395676 | 114.6055989899 |
| Q4 2025 | 147.3807825742 | -36.8202986427 | 110.5604839314 |
| Q1 2026 | 135.8769135136 | -18.7573005984 | 117.1196129151 |
| Q2 2026 | 149.7138532183 | -38.3955970592 | 111.3182561591 |
Get the data: NAQ03
Factor income outflows increased by 104.7% in the quarter, an increase of €19.6 billion in money terms compared with the previous quarter, leading to a decrease in GNP of 5.0%.
The calculation methods for quarterly accounts are similar to those used in the Annual National Accounts. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates are subject to a greater margin of error than the annual figures. These preliminary estimates will therefore be revised when the next detailed annual results are published.
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