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Quarterly National Accounts Quarter 3 2025

Foreign and Domestic GVA

Multinational sector expanded by 0.2% in Q3 2025 while Non-MNE dominated contracted by 0.1%

Online ISSN: 2009-5775

CSO statistical release, 04 December 2025, 11am

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q3 2025¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	76,700	0.2
Other	68,062	-0.1
Total GVA (MNE dominated + Other)	144,762	0.1
¹Constant Market Prices, chain linked annually and referenced to year 2023, seasonally adjusted

Open in Excel: Quarterly National Accounts Q3 2025 Table 6.1 (XLS 9KB)

On a seasonally adjusted basis, estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector rose by 0.2% in the third quarter of 2025. GVA for the non-MNE dominated sectors of the economy contracted by 0.1% over the same period.

Real GVA for the total economy amounted to almost €145 billion in the Q3 2025 reference period, with GVA for MNE dominated sectors representing 53.0% of Total GVA while GVA for the non-MNE dominated sectors represented 47.0% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2023	-18.1225419810489	3.80191216577415
Q2 2023	6.2270403829813	2.0294275490913
Q3 2023	-6.11536322918157	-0.0238173912768258
Q4 2023	-2.07470748736794	1.13902087846722
Q1 2024	-6.44693008581143	0.971439179212163
Q2 2024	5.21359177029987	0.258815212696906
Q3 2024	11.0608079937287	1.86627357344384
Q4 2024	5.39324795545024	0.116307714230124
Q1 2025	13.6345102620693	-0.174747428241073
Q2 2025	1.18279550783402	-0.449897022445078
Q3 2025	0.216831405698681	-0.103905316119424

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
2019	151,956	191,093	343,049	152,375	226,872	373,646
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

2019
Q1	35,748	45,710	81,458	34,443	54,407	87,392
Q2	35,626	46,683	82,309	37,979	55,904	92,527
Q3	38,305	48,416	86,721	39,277	57,647	95,531
Q4	42,278	50,284	92,562	40,676	58,913	98,196

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	71,785	159,151	74,928	67,169	142,097
Q2	80,127	72,938	153,066	74,073	68,022	142,095
Q3	77,634	71,497	149,131	79,548	68,619	148,167

Annual Percentage Changes
2019	13.6	5.4	8.9	6.7	4.3	5.3
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

Percentage change on corresponding period of previous year
2019
Q1	11.1	7.0	8.8	2.1	5.4	4.0
Q2	16.0	4.1	8.9	7.2	3.7	5.2
Q3	12.0	4.9	7.9	8.6	3.8	5.8
Q4	15.2	5.7	9.9	8.4	4.1	5.9

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	6.3	25.4	39.8	2.3	19.1
Q2	31.3	5.1	17.4	34.6	1.2	16.2
Q3	18.5	0.1	8.9	21.3	-0.6	10.1
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q3 2025 Table 6.2 (XLS 19KB)

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
2019
Q1	34,573	46,976	81,549	35,054	56,130	91,184
Q2	38,434	46,959	85,393	38,993	56,196	95,190
Q3	38,779	47,874	86,654	38,973	56,769	95,743
Q4	40,482	49,198	89,680	40,248	57,864	98,111

2020
Q1	42,424	48,906	91,330	45,092	57,364	102,456
Q2	43,569	41,276	84,846	46,816	48,233	95,050
Q3	45,981	46,238	92,218	49,362	53,700	103,062
Q4	45,533	47,560	93,093	49,281	55,288	104,569

2021
Q1	53,512	48,469	101,982	57,852	55,155	113,007
Q2	53,674	49,897	103,571	58,953	56,867	115,820
Q3	56,603	51,999	108,602	61,247	58,212	119,459
Q4	55,639	54,532	110,171	60,797	61,443	122,239

2022
Q1	61,530	55,479	117,009	63,477	58,591	122,068
Q2	64,008	57,734	121,742	65,946	59,739	125,685
Q3	68,273	59,287	127,560	69,248	60,159	129,407
Q4	67,639	61,622	129,260	72,251	62,012	134,263

2023
Q1	59,975	63,924	123,899	59,157	64,369	123,527
Q2	61,796	65,402	127,199	62,841	65,675	128,517
Q3	59,282	65,953	125,235	58,998	65,660	124,658
Q4	57,718	66,833	124,551	57,774	66,408	124,182

2024
Q1	56,925	68,377	125,302	54,050	67,053	121,102
Q2	61,358	69,003	130,361	56,867	67,226	124,094
Q3	66,426	71,197	137,624	63,157	68,481	131,638
Q4	71,932	71,194	143,126	66,564	68,561	135,124

2025
Q1	82,027	72,448	154,475	75,639	68,441	144,080
Q2	82,191	72,459	154,649	76,534	68,133	144,667
Q3	78,326	71,450	149,777	76,700	68,062	144,762

Percentage change on previous quarter
2019
Q1	-1.7	0.9	-0.3	-4.4	1.0	-1.2
Q2	11.2	-0.0	4.7	11.2	0.1	4.4
Q3	0.9	1.9	1.5	-0.1	1.0	0.6
Q4	4.4	2.8	3.5	3.3	1.9	2.5

2020
Q1	4.8	-0.6	1.8	12.0	-0.9	4.4
Q2	2.7	-15.6	-7.1	3.8	-15.9	-7.2
Q3	5.5	12.0	8.7	5.4	11.3	8.4
Q4	-1.0	2.9	0.9	-0.2	3.0	1.5

2021
Q1	17.5	1.9	9.5	17.4	-0.2	8.1
Q2	0.3	2.9	1.6	1.9	3.1	2.5
Q3	5.5	4.2	4.9	3.9	2.4	3.1
Q4	-1.7	4.9	1.4	-0.7	5.6	2.3

2022
Q1	10.6	1.7	6.2	4.4	-4.6	-0.1
Q2	4.0	4.1	4.0	3.9	2.0	3.0
Q3	6.7	2.7	4.8	5.0	0.7	3.0
Q4	-0.9	3.9	1.3	4.3	3.1	3.8

2023
Q1	-11.3	3.7	-4.1	-18.1	3.8	-8.0
Q2	3.0	2.3	2.7	6.2	2.0	4.0
Q3	-4.1	0.8	-1.5	-6.1	-0.0	-3.0
Q4	-2.6	1.3	-0.5	-2.1	1.1	-0.4

2024
Q1	-1.4	2.3	0.6	-6.4	1.0	-2.5
Q2	7.8	0.9	4.0	5.2	0.3	2.5
Q3	8.3	3.2	5.6	11.1	1.9	6.1
Q4	8.3	-0.0	4.0	5.4	0.1	2.6

2025
Q1	14.0	1.8	7.9	13.6	-0.2	6.6
Q2	0.2	0.0	0.1	1.2	-0.4	0.4
Q3	-4.7	-1.4	-3.2	0.2	-0.1	0.1
¹Chain linked series not additive