| Table 1.1 GDP and GNP at constant 2023 prices, Q3 20251 | ||
| Amount €m | Quarterly % change | |
| Gross Domestic Product | 152,551 | -0.3 |
| Gross National Product | 106,760 | 0.8 |
| Modified Final Domestic Demand | 72,356 | 2.3 |
| 1Constant Market Prices, chain linked annually and referenced to year 2023, seasonally adjusted | ||
Updated estimates for the third quarter of 2025 indicate that GDP fell by 0.3% in real terms in Q3 2025 compared to the previous quarter while GNP increased by 0.8%. Modified Domestic Demand, a broad measure of underlying domestic activity that covers personal, government and investment spending grew by 2.3% in Q3.
| GDP | GNP | MDD | |
| Q1 2023 | -1.85984318605884 | -1.08522978789138 | 7.23475569444845 |
| Q2 2023 | 0.697778856382469 | 10.7417736059464 | -1.02711134001165 |
| Q3 2023 | -1.98242066781024 | -2.77715707331773 | -1.01197655900128 |
| Q4 2023 | -3.15308978043894 | 4.07691183542156 | 2.29483823275363 |
| Q1 2024 | 1.64355523210629 | -4.39848621990995 | 0.376357205159361 |
| Q2 2024 | 0.448343260906281 | 5.35422018346987 | -0.227100125555413 |
| Q3 2024 | 6.10648451443991 | 1.54059199096883 | 1.09329985711339 |
| Q4 2024 | 3.33481914520906 | -3.92966965163404 | -0.080970260076707 |
| Q1 2025 | 7.42401091665745 | -8.04088063390644 | 2.51180260964685 |
| Q2 2025 | 0.258773673095081 | 15.3133240749952 | 0.454975869148111 |
| Q3 2025 | -0.341870527351795 | 0.766672633628263 | 2.33641009971428 |
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 | |
| Q2 2025 | 54.7394592788 | 29.5540635659 | 14.2404674681 | 13.2990035266 | 12.2643760793 | 7.608985507 | 6.5515558287 | 3.9262040202 | 1.385590852 | 1.0282595839 |
| Q3 2025 | 54.3449929378 | 29.7169357874 | 14.4110866886 | 13.3010733307 | 12.1704597569 | 7.6655944554 | 7.059839289 | 3.7979917214 | 1.4264710529 | 1.0622647523 |
Get the data: NAQ02
The MNE dominated sectors of the economy expanded by 0.2% in the third quarter of 2025. The Industry (excluding Construction) sector contracted by 0.7%, while the Information & Communication sector grew by 0.6% in the quarter. Overall, the non-MNE sectors contracted by 0.1%. However, there was strong growth in the domestic facing Financial & Insurance Activities sector of 7.8%. The Agriculture, Forestry & Fishing and Arts & Entertainment sectors posted robust growth of 3.3% and 3.0% respectively. The domestic facing sectors which posted declines were Construction which decreased by 3.3% and Public Administration, Education & Health which fell by 0.8%. (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 2023 | 38.3835125866 | 12.8519042629 | 31.1144172418 | 0.8237170709 | 50.0584103769 | 67.7226788278 | 132.8180885567 |
| Q2 2023 | 38.4741973197 | 13.06457533 | 28.9118176438 | 3.5361399697 | 48.0268339986 | 67.0270915138 | 133.7448650961 |
| Q3 2023 | 38.0637259418 | 13.2181642655 | 27.416782394 | 4.3061947945 | 48.2872031745 | 66.3487930595 | 131.0934792483 |
| Q4 2023 | 38.8885056404 | 14.0382473841 | 43.3561098134 | 0.6216971379 | 27.5569800152 | 67.8713905296 | 126.9599841513 |
| Q1 2024 | 39.1421507245 | 13.5260669071 | 27.6883653356 | 1.0912413682 | 48.3453625076 | 68.1268293981 | 129.0466416135 |
| Q2 2024 | 39.4296163746 | 13.9672914985 | 11.0426132518 | 1.8231866632 | 62.160155432 | 67.972113283 | 129.6252135346 |
| Q3 2024 | 39.6292173158 | 14.0367997107 | 29.3244498012 | 1.8424908712 | 50.3007553316 | 68.7152523004 | 137.5407571259 |
| Q4 2024 | 40.195703709 | 14.4031986897 | 25.4439943843 | 0.5005761802 | 61.8630902493 | 68.6596133819 | 142.127492627 |
| Q1 2025 | 40.3109664876 | 14.1322432934 | 43.9571616645 | -4.8664456938 | 60.9683300804 | 70.3842073426 | 152.6790531952 |
| Q2 2025 | 40.6612296885 | 14.4175091256 | 27.9063501765 | 1.3061426012 | 69.8175226983 | 70.7044385017 | 153.0741463892 |
| Q3 2025 | 40.7190742196 | 14.7182328487 | 31.3883311677 | 6.4236475482 | 59.5935766873 | 72.3563841438 | 152.5508309977 |
Get the data: NAQ03, NAQ04, NAQ05
On the expenditure side of the accounts (Table 3.5), Exports increased by 2.1% in Q3 2025 compared with Q2 2025 while Imports increased by 10.4% which meant that overall net exports for the quarter contracted by 14.6%. Capital Investment increased by €8.6 billion during the quarter (a 29.4% increase quarter-on-quarter) with the Capital Formation element increasing by €3.5 billion (a 12.5% increase quarter-on-quarter) reflecting higher levels of investment in Intangible Assets compared with the previous quarter. Personal Consumption Expenditure grew by 0.1% in Q3 2025 compared with the previous quarter, while Government Expenditure on Current Goods and Services rose by 2.1% quarter-on-quarter. These impacts when combined resulted in an overall decrease in Real GDP in Q3 2025 of 0.3%. Final Domestic Demand grew by 4.6% in Q3 compared with the previous quarter, driven by the higher investment in Intangible Assets, while Modified Domestic Demand grew by 2.3% over the same period.
| GDP | Net Factor Income from Rest of World | GNP | |
| Q1 2023 | 132.8180885567 | -42.2035186187 | 90.7478500925 |
| Q2 2023 | 133.7448650961 | -33.2342464278 | 100.4957787017 |
| Q3 2023 | 131.0934792483 | -33.3871409162 | 97.7048530751 |
| Q4 2023 | 126.9599841513 | -25.1548354263 | 101.6881937939 |
| Q1 2024 | 129.0466416135 | -31.8311890108 | 97.2154526026 |
| Q2 2024 | 129.6252135346 | -27.2046315473 | 102.4205819873 |
| Q3 2024 | 137.5407571259 | -33.5422918554 | 103.9984652705 |
| Q4 2024 | 142.127492627 | -42.2158234843 | 99.9116691426 |
| Q1 2025 | 152.6790531952 | -60.8011621077 | 91.8778910875 |
| Q2 2025 | 153.0741463892 | -47.1266960861 | 105.947450303 |
| Q3 2025 | 152.5508309977 | -45.7911105872 | 106.7597204105 |
Get the data: NAQ03
Factor income outflows fell by 2.8% in the quarter, a fall of €1.3 billion in money terms compared with the previous quarter, leading to an increase in GNP of 0.8%.
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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