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Quarterly National Accounts Quarter 4 2024

Domestic Demand

Modified Domestic Demand decreased by 1.1% in Q4 2024

Online ISSN: 2009-5775

CSO statistical release, 06 March 2025, 11am

Table 5.1 Modified Final Domestic Demand by Component, Q4 2024¹
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	36,537	1.6
Net Expenditure by Central and Local Government on Current Goods and Services	13,383	-0.1
Modified Gross Domestic Fixed Capital Formation	12,114	-9.2
Modified Final Domestic Demand	62,034	-1.1
¹Constant Market Prices, chain linked annually and referenced to year 2022 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.1 (XLS 11KB)

Final Domestic Demand decreased by 2.3% in Q4 2024 compared with Q3 2024, while Modified Final Domestic Demand decreased by 1.1% over the same period. (See Table 5.5)

	Personal Consumption of Goods and Services	Net Expenditure by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand
Q1 2022	32.1934113143	11.9078716927	12.6018100806	56.7030930877
Q2 2022	33.4547667032	12.1471467594	14.6390211867	60.2409346495
Q3 2022	34.3893406877	12.2354830521	13.3636654369	59.9884891768
Q4 2022	34.6122068223	12.3113150992	12.184745854	59.1082677755
Q1 2023	34.770366792	12.3326614306	13.2182744245	60.3213026471
Q2 2023	35.3502609055	12.5091885418	12.6272900091	60.4867394564
Q3 2023	35.2535049837	12.7989657123	12.1330057953	60.1854764914
Q4 2023	35.8222336193	13.0084830203	12.550469782	61.3811864217
Q1 2024	35.9545858274	12.9550492541	13.113507188	62.0231422696
Q2 2024	36.02807075	13.2272620744	12.6157345528	61.8710673772
Q3 2024	35.9648687997	13.4016554891	13.3401174119	62.7066417007
Q4 2024	36.5366414129	13.383150874	12.1137533448	62.0335456318

Get the data: NAQ05

	Modified Final Domestic Demand
Q1 2022	-0.301230200560898
Q2 2022	6.23923911227944
Q3 2022	-0.419059687849799
Q4 2022	-1.46731716930858
Q1 2023	2.05222537768701
Q2 2023	0.274259344609762
Q3 2023	-0.498064481087057
Q4 2023	1.98670842204074
Q1 2024	1.04585115623157
Q2 2024	-0.245190564094555
Q3 2024	1.35050898411995
Q4 2024	-1.07340474731958

Get the data: NAQ05

	Modified Final Domestic Demand	Net Exports & Other
Q1 2022	-0.141152943207493	4.10157208857982
Q2 2022	2.80378581817531	-0.200196828443412
Q3 2022	-0.194989618392633	2.8341655552354
Q4 2022	-0.662403578276883	0.273504839826289
Q1 2023	0.916423654576253	-5.85104391754551
Q2 2023	0.131471846588585	-1.17790399883658
Q3 2023	-0.241944027494776	-1.84672097216216
Q4 2023	0.980758371118789	-3.20820619848277
Q1 2024	0.538547972543093	1.05645806832231
Q2 2024	-0.125575348818338	-0.227332894834612
Q3 2024	0.692416380139259	3.36614208898045
Q4 2024	-0.536020619147769	4.14892472616687

Comparisons with Q4 2023

Final Domestic Demand decreased by 15.2% in Q4 2024 compared with Q4 2023, while Modified Final Domestic Demand grew by 1.3% over the same period.

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)1 - Non-Seasonally Adjusted

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Non-Seasonally Adjusted												€million
	CURRENT MARKET PRICES						CONSTANT MARKET PRICES
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand
2018	107,278	33,055	93,499	233,832	923	234,755	120,183	37,364	105,233	262,486	841	262,715
2019	112,184	36,255	193,555	341,994	1,788	343,782	123,615	39,808	210,129	372,972	1,689	373,906
2020	101,761	40,979	157,987	300,727	4,309	305,036	111,911	44,450	175,522	331,233	4,399	335,401
2021	113,823	44,614	99,007	257,444	4,811	262,255	121,817	47,267	106,416	275,503	5,018	280,433
2022	134,873	48,693	110,306	293,872	9,085	302,957	134,873	48,693	110,306	293,872	9,085	302,957
2023	152,720	53,247	118,231	324,198	16,051	340,248	141,339	50,782	113,393	305,514	15,740	321,254
2024	162,307	56,776	91,709	310,792	1,179	311,972	144,561	52,959	84,548	282,067	954	283,021

2018
Q1	25,823	8,043	15,652	49,518	1,861	51,380	29,186	8,998	17,657	55,846	1,625	57,778
Q2	25,965	8,215	17,468	51,648	304	51,952	28,992	9,327	19,585	57,889	287	58,071
Q3	26,873	8,506	19,508	54,887	13	54,900	29,984	9,643	21,843	61,438	53	61,304
Q4	28,617	8,291	40,871	77,779	-1,255	76,524	32,021	9,395	46,149	87,313	-1,123	85,562
	107,278	33,055	93,499	233,832	923	234,755	120,183	37,364	105,233	262,486	841	262,715
2019
Q1	27,068	8,769	17,782	53,618	1,036	54,655	30,054	9,703	19,873	59,570	983	60,596
Q2	27,297	9,026	60,983	97,307	-318	96,989	29,946	9,841	66,922	106,526	-242	105,903
Q3	27,995	9,236	21,860	59,091	1,174	60,265	30,796	10,265	23,911	64,899	1,069	66,014
Q4	29,824	9,225	92,929	131,978	-105	131,873	32,818	9,999	99,424	141,977	-121	141,393
	112,184	36,255	193,555	341,994	1,788	343,782	123,615	39,808	210,129	372,972	1,689	373,906
2020
Q1	26,003	9,348	79,024	114,375	2,087	116,462	28,535	10,040	85,591	124,197	1,974	126,133
Q2	22,134	10,327	17,149	49,610	1,098	50,708	24,436	11,290	19,024	54,510	1,231	55,780
Q3	26,364	10,392	23,886	60,642	407	61,050	28,909	11,396	27,219	67,275	440	67,599
Q4	27,261	10,911	37,928	76,100	716	76,817	30,030	11,723	43,687	85,252	754	85,889
	101,761	40,979	157,987	300,727	4,309	305,036	111,911	44,450	175,522	331,233	4,399	335,401
2021
Q1	23,552	10,694	17,985	52,232	1,950	54,181	25,673	11,707	19,307	56,742	1,941	58,735
Q2	27,659	11,182	20,020	58,860	70	58,930	29,789	11,827	21,266	62,928	40	62,862
Q3	30,156	11,358	20,671	62,186	2,944	65,130	32,078	11,559	21,461	65,141	3,133	68,403
Q4	32,456	11,379	40,331	84,166	-153	84,013	34,277	12,174	44,382	90,693	-96	90,433
	113,823	44,614	99,007	257,444	4,811	262,255	121,817	47,267	106,416	275,503	5,018	280,433
2022
Q1	30,084	11,660	22,366	64,109	1,649	65,758	30,778	11,599	22,495	64,888	1,677	66,557
Q2	32,497	11,948	26,744	71,189	4,008	75,197	32,614	12,081	26,955	71,652	4,040	75,737
Q3	34,464	12,034	29,829	76,328	3,497	79,825	34,388	12,360	29,984	76,722	3,385	80,132
Q4	37,829	13,051	31,367	82,247	-69	82,178	37,093	12,654	30,873	80,610	-17	80,530
	134,873	48,693	110,306	293,872	9,085	302,957	134,873	48,693	110,306	293,872	9,085	302,957
2023
Q1	34,222	12,697	24,298	71,217	2,667	73,884	33,053	11,878	23,622	68,553	2,743	71,296
Q2	37,421	13,146	25,554	76,121	5,507	81,628	34,724	12,416	24,525	71,664	5,524	77,189
Q3	38,666	13,119	25,161	76,946	4,125	81,070	34,968	12,952	24,169	72,089	4,153	76,241
Q4	42,411	14,284	43,218	99,914	3,752	103,666	38,594	13,536	41,077	93,208	3,320	96,527
	152,720	53,247	118,231	324,198	16,051	340,248	141,339	50,782	113,393	305,514	15,740	321,254
2024
Q1	37,510	13,527	24,365	75,402	1,653	77,055	34,059	12,342	22,662	69,064	1,539	70,602
Q2	40,132	14,246	9,444	63,821	802	64,623	35,545	13,158	8,677	57,379	783	58,162
Q3	40,225	14,090	29,324	83,639	688	84,327	35,456	13,646	27,452	76,554	569	77,123
Q4	44,440	14,913	28,577	87,930	-1,964	85,966	39,500	13,813	25,757	79,070	-1,936	77,133
	162,307	56,776	91,709	310,792	1,179	311,972	144,561	52,959	84,548	282,067	954	283,021

Percentage change on corresponding period of previous year
2018	6.9	6.1	-6.6	0.9		-0.7	5.2	4.6	-9.1	-1.0		-2.6
2019	4.6	9.7	107.0	46.3		46.4	2.9	6.5	99.7	42.1		42.3
2020	-9.3	13.0	-18.4	-12.1		-11.3	-9.5	11.7	-16.5	-11.2		-10.3
2021	11.9	8.9	-37.3	-14.4		-14.0	8.9	6.3	-39.4	-16.8		-16.4
2022	18.5	9.1	11.4	14.2		15.5	10.7	3.0	3.7	6.7		8.0
2023	13.2	9.4	7.2	10.3		12.3	4.8	4.3	2.8	4.0		6.0
2024	6.3	6.6	-22.4	-4.1		-8.3	2.3	4.3	-25.4	-7.7		-11.9

2018
Q1	6.3	7.3	-0.1	4.4		7.5	4.7	3.7	-3.3	1.8		4.9
Q2	8.0	7.1	-67.3	-39.4		-40.1	6.5	6.3	-68.5	-40.6		-41.2
Q3	6.9	7.0	34.0	15.2		9.4	5.1	6.2	30.1	12.7		7.0
Q4	6.3	2.9	148.7	51.3		47.6	4.7	2.2	148.3	49.4		45.7
2019
Q1	4.8	9.0	13.6	8.3		6.4	3.0	7.8	12.5	6.7		4.9
Q2	5.1	9.9	249.1	88.4		86.7	3.3	5.5	241.7	84.0		82.4
Q3	4.2	8.6	12.1	7.7		9.8	2.7	6.4	9.5	5.6		7.7
Q4	4.2	11.3	127.4	69.7		72.3	2.5	6.4	115.4	62.6		65.3
2020
Q1	-3.9	6.6	344.4	113.3		113.1	-5.1	3.5	330.7	108.5		108.2
Q2	-18.9	14.4	-71.9	-49.0		-47.7	-18.4	14.7	-71.6	-48.8		-47.3
Q3	-5.8	12.5	9.3	2.6		1.3	-6.1	11.0	13.8	3.7		2.4
Q4	-8.6	18.3	-59.2	-42.3		-41.7	-8.5	17.2	-56.1	-40.0		-39.3
2021
Q1	-9.4	14.4	-77.2	-54.3		-53.5	-10.0	16.6	-77.4	-54.3		-53.4
Q2	25.0	8.3	16.7	18.6		16.2	21.9	4.8	11.8	15.4		12.7
Q3	14.4	9.3	-13.5	2.5		6.7	11.0	1.4	-21.2	-3.2		1.2
Q4	19.1	4.3	6.3	10.6		9.4	14.1	3.8	1.6	6.4		5.3
2022
Q1	27.7	9.0	24.4	22.7		21.4	19.9	-0.9	16.5	14.4		13.3
Q2	17.5	6.9	33.6	20.9		27.6	9.5	2.1	26.8	13.9		20.5
Q3	14.3	6.0	44.3	22.7		22.6	7.2	6.9	39.7	17.8		17.1
Q4	16.6	14.7	-22.2	-2.3		-2.2	8.2	3.9	-30.4	-11.1		-10.9
2023
Q1	13.8	8.9	8.6	11.1		12.4	7.4	2.4	5.0	5.6		7.1
Q2	15.2	10.0	-4.4	6.9		8.6	6.5	2.8	-9.0	0.0		1.9
Q3	12.2	9.0	-15.6	0.8		1.6	1.7	4.8	-19.4	-6.0		-4.9
Q4	12.1	9.4	37.8	21.5		26.1	4.0	7.0	33.1	15.6		19.9
2024
Q1	9.6	6.5	0.3	5.9		4.3	3.0	3.9	-4.1	0.7		-1.0
Q2	7.2	8.4	-63.0	-16.2		-20.8	2.4	6.0	-64.6	-19.9		-24.6
Q3	4.0	7.4	16.5	8.7		4.0	1.4	5.4	13.6	6.2		1.2
Q4	4.8	4.4	-33.9	-12.0		-17.1	2.3	2.0	-37.3	-15.2		-20.1
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.2 (XLS 24KB)

Visit Table NAQ04 on PxStat

Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)1 - Seasonally Adjusted

Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted												€million
	CURRENT MARKET PRICES						CONSTANT MARKET PRICES
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand	Value of Physical Changes in Stocks	Total Domestic Demand
2018
Q1	26,343	8,129	16,517	50,990	1,861	52,851	29,701	9,131	19,556	58,389	1,628	60,017
Q2	26,721	8,221	17,660	52,602	304	52,906	30,071	9,366	20,658	60,094	290	60,384
Q3	26,962	8,436	19,761	55,158	13	55,171	30,141	9,525	22,866	62,532	56	62,588
Q4	27,174	8,260	39,476	74,910	-1,255	73,656	30,356	9,283	43,914	83,552	-1,120	82,432
2019
Q1	27,760	8,876	18,719	55,355	1,036	56,391	30,735	9,763	21,793	62,291	992	63,283
Q2	28,018	9,016	61,380	98,414	-318	98,096	31,030	9,907	65,726	106,662	-232	106,430
Q3	28,020	9,183	21,999	59,202	1,174	60,376	30,819	10,147	24,654	65,620	1,078	66,699
Q4	28,280	9,168	91,339	128,787	-105	128,682	31,043	9,909	93,887	134,839	-112	134,727
2020
Q1	26,870	9,473	80,005	116,348	2,087	118,435	29,376	10,167	83,643	123,186	1,934	125,119
Q2	22,650	10,301	17,383	50,334	1,098	51,432	25,307	11,337	19,727	56,371	1,191	57,562
Q3	26,321	10,379	24,041	60,740	407	61,147	28,764	11,328	27,388	67,480	400	67,880
Q4	25,741	10,794	36,517	73,051	716	73,767	28,268	11,583	40,785	80,637	714	81,351
2021
Q1	24,559	10,851	18,680	54,089	1,950	56,039	26,649	11,923	20,568	59,140	1,857	60,998
Q2	28,246	11,138	20,303	59,687	70	59,757	30,735	11,879	22,090	64,705	-44	64,661
Q3	30,051	11,414	20,786	62,251	2,944	65,195	31,907	11,544	21,535	64,986	3,049	68,035
Q4	30,539	11,181	39,022	80,742	-153	80,589	32,125	11,825	41,968	85,918	-180	85,738
2022
Q1	31,643	11,851	23,092	66,587	1,649	68,236	32,193	11,908	23,757	67,858	1,572	69,430
Q2	33,032	11,895	26,953	71,880	4,008	75,889	33,455	12,147	27,353	72,955	3,935	76,890
Q3	34,408	12,157	30,012	76,577	3,497	80,074	34,389	12,235	29,785	76,410	3,280	79,690
Q4	35,444	12,748	30,392	78,584	-69	78,514	34,612	12,311	29,676	76,599	-122	76,477
2023
Q1	36,259	12,920	24,929	74,108	2,667	76,775	34,770	12,333	24,722	71,825	2,630	74,454
Q2	37,794	13,088	25,659	76,541	5,507	82,049	35,350	12,509	24,721	72,580	5,411	77,991
Q3	38,773	13,311	25,415	77,499	4,125	81,624	35,254	12,799	24,027	72,080	4,039	76,119
Q4	39,607	13,884	42,450	95,941	3,752	99,693	35,822	13,008	40,195	89,026	3,206	92,232
2024
Q1	39,904	13,777	24,807	78,488	1,653	80,141	35,955	12,955	23,625	72,534	1,425	73,959
Q2	40,369	14,188	9,401	63,958	802	64,760	36,028	13,227	8,629	57,885	669	58,554
Q3	40,501	14,331	29,542	84,373	688	85,061	35,965	13,402	27,240	76,607	455	77,061
Q4	41,392	14,452	27,743	83,587	-1,964	81,623	36,537	13,383	24,899	74,818	-2,050	72,769

Percentage change on previous quarter
2018
Q1	3.0	1.2	8.9	4.5		7.4	2.5	1.1	9.1	4.4		6.6
Q2	1.4	1.1	6.9	3.2		0.1	1.2	2.6	5.6	2.9		0.6
Q3	0.9	2.6	11.9	4.9		4.3	0.2	1.7	10.7	4.1		3.6
Q4	0.8	-2.1	99.8	35.8		33.5	0.7	-2.5	92.0	33.6		31.7
2019
Q1	2.2	7.5	-52.6	-26.1		-23.4	1.2	5.2	-50.4	-25.4		-23.2
Q2	0.9	1.6	227.9	77.8		74.0	1.0	1.5	201.6	71.2		68.2
Q3	0.0	1.8	-64.2	-39.8		-38.5	-0.7	2.4	-62.5	-38.5		-37.3
Q4	0.9	-0.2	315.2	117.5		113.1	0.7	-2.3	280.8	105.5		102.0
2020
Q1	-5.0	3.3	-12.4	-9.7		-8.0	-5.4	2.6	-10.9	-8.6		-7.1
Q2	-15.7	8.7	-78.3	-56.7		-56.6	-13.9	11.5	-76.4	-54.2		-54.0
Q3	16.2	0.8	38.3	20.7		18.9	13.7	-0.1	38.8	19.7		17.9
Q4	-2.2	4.0	51.9	20.3		20.6	-1.7	2.3	48.9	19.5		19.8
2021
Q1	-4.6	0.5	-48.8	-26.0		-24.0	-5.7	2.9	-49.6	-26.7		-25.0
Q2	15.0	2.6	8.7	10.3		6.6	15.3	-0.4	7.4	9.4		6.0
Q3	6.4	2.5	2.4	4.3		9.1	3.8	-2.8	-2.5	0.4		5.2
Q4	1.6	-2.0	87.7	29.7		23.6	0.7	2.4	94.9	32.2		26.0
2022
Q1	3.6	6.0	-40.8	-17.5		-15.3	0.2	0.7	-43.4	-21.0		-19.0
Q2	4.4	0.4	16.7	7.9		11.2	3.9	2.0	15.1	7.5		10.7
Q3	4.2	2.2	11.4	6.5		5.5	2.8	0.7	8.9	4.7		3.6
Q4	3.0	4.9	1.3	2.6		-1.9	0.6	0.6	-0.4	0.2		-4.0
2023
Q1	2.3	1.4	-18.0	-5.7		-2.2	0.5	0.2	-16.7	-6.2		-2.6
Q2	4.2	1.3	2.9	3.3		6.9	1.7	1.4	-0.0	1.1		4.7
Q3	2.6	1.7	-1.0	1.3		-0.5	-0.3	2.3	-2.8	-0.7		-2.4
Q4	2.1	4.3	67.0	23.8		22.1	1.6	1.6	67.3	23.5		21.2
2024
Q1	0.8	-0.8	-41.6	-18.2		-19.6	0.4	-0.4	-41.2	-18.5		-19.8
Q2	1.2	3.0	-62.1	-18.5		-19.2	0.2	2.1	-63.5	-20.2		-20.8
Q3	0.3	1.0	214.2	31.9		31.3	-0.2	1.3	215.7	32.3		31.6
Q4	2.2	0.8	-6.1	-0.9		-4.0	1.6	-0.1	-8.6	-2.3		-5.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.3 (XLS 21KB)

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Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)1 - Non-Seasonally Adjusted

Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Non-Seasonally Adjusted												€million
	CURRENT MARKET PRICES						CONSTANT MARKET PRICES
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand
2018	107,278	33,055	41,159	181,491	923	182,414	120,183	37,364	51,246	208,342	841	208,323
2019	112,184	36,255	41,315	189,754	1,788	191,542	123,615	39,808	49,842	213,047	1,689	214,067
2020	101,761	40,979	37,632	180,372	4,309	184,681	111,911	44,450	44,610	200,998	4,399	205,280
2021	113,823	44,614	43,175	201,612	4,811	206,423	121,817	47,267	47,889	217,012	5,018	221,928
2022	134,873	48,693	52,549	236,115	9,085	245,200	134,873	48,693	52,549	236,115	9,085	245,200
2023	152,720	53,247	52,580	258,547	16,051	274,597	141,339	50,782	50,223	242,344	15,740	258,084
2024	162,307	56,776	55,646	274,729	1,179	275,908	144,561	52,959	51,353	248,872	954	249,825

2018
Q1	25,823	8,043	9,730	43,596	1,861	45,457	29,186	8,998	12,344	50,427	1,625	52,314
Q2	25,965	8,215	10,163	44,343	304	44,647	28,992	9,327	12,714	50,897	287	51,000
Q3	26,873	8,506	10,477	45,856	13	45,869	29,984	9,643	12,965	52,469	53	52,253
Q4	28,617	8,291	10,788	47,696	-1,255	46,441	32,021	9,395	13,223	54,549	-1,123	52,755
	107,278	33,055	41,159	181,491	923	182,414	120,183	37,364	51,246	208,342	841	208,323
2019
Q1	27,068	8,769	9,559	45,395	1,036	46,432	30,054	9,703	11,784	51,514	983	52,481
Q2	27,297	9,026	9,156	45,479	-318	45,161	29,946	9,841	11,124	50,936	-242	50,371
Q3	27,995	9,236	11,236	48,467	1,174	49,641	30,796	10,265	13,558	54,481	1,069	55,541
Q4	29,824	9,225	11,364	50,412	-105	50,307	32,818	9,999	13,376	56,115	-121	55,674
	112,184	36,255	41,315	189,754	1,788	191,542	123,615	39,808	49,842	213,047	1,689	214,067
2020
Q1	26,003	9,348	9,546	44,897	2,087	46,984	28,535	10,040	11,153	49,722	1,974	51,829
Q2	22,134	10,327	7,214	39,675	1,098	40,774	24,436	11,290	8,877	44,705	1,231	45,956
Q3	26,364	10,392	10,510	47,266	407	47,673	28,909	11,396	12,503	52,746	440	53,024
Q4	27,261	10,911	10,362	48,534	716	49,250	30,030	11,723	12,076	53,825	754	54,470
	101,761	40,979	37,632	180,372	4,309	184,681	111,911	44,450	44,610	200,998	4,399	205,280
2021
Q1	23,552	10,694	9,546	43,792	1,950	45,742	25,673	11,707	10,883	48,272	1,941	50,264
Q2	27,659	11,182	9,840	48,680	70	48,750	29,789	11,827	11,263	52,923	40	52,833
Q3	30,156	11,358	11,245	52,760	2,944	55,704	32,078	11,559	12,402	56,037	3,133	59,307
Q4	32,456	11,379	12,545	56,380	-153	56,228	34,277	12,174	13,341	59,781	-96	59,525
	113,823	44,614	43,175	201,612	4,811	206,423	121,817	47,267	47,889	217,012	5,018	221,928
2022
Q1	30,084	11,660	11,901	53,644	1,649	55,293	30,778	11,599	12,152	54,532	1,677	56,197
Q2	32,497	11,948	13,967	58,412	4,008	62,420	32,614	12,081	14,134	58,792	4,040	62,886
Q3	34,464	12,034	14,054	60,553	3,497	64,050	34,388	12,360	14,091	60,816	3,385	64,233
Q4	37,829	13,051	12,626	63,506	-69	63,436	37,093	12,654	12,172	61,975	-17	61,884
	134,873	48,693	52,549	236,115	9,085	245,200	134,873	48,693	52,549	236,115	9,085	245,200
2023
Q1	34,222	12,697	13,371	60,290	2,667	62,957	33,053	11,878	12,875	57,806	2,743	60,549
Q2	37,421	13,146	12,641	63,208	5,507	68,715	34,724	12,416	12,157	59,297	5,524	64,822
Q3	38,666	13,119	13,364	65,148	4,125	69,273	34,968	12,952	12,774	60,695	4,153	64,847
Q4	42,411	14,284	13,205	69,900	3,752	73,652	38,594	13,536	12,416	64,547	3,320	67,866
	152,720	53,247	52,580	258,547	16,051	274,597	141,339	50,782	50,223	242,344	15,740	258,084
2024
Q1	37,510	13,527	13,981	65,018	1,653	66,671	34,059	12,342	12,972	59,374	1,539	60,912
Q2	40,132	14,246	13,231	67,609	802	68,411	35,545	13,158	12,302	61,004	783	61,787
Q3	40,225	14,090	15,187	69,502	688	70,190	35,456	13,646	14,038	63,139	569	63,708
Q4	44,440	14,913	13,247	72,601	-1,964	70,637	39,500	13,813	12,041	65,354	-1,936	63,418
	162,307	56,776	55,646	274,729	1,179	275,908	144,561	52,959	51,353	248,872	954	249,825

Percentage change on corresponding period of previous year
2018	6.9	6.1	11.4	7.7		5.3	5.2	4.6	6.7	5.4		3.1
2019	4.6	9.7	0.4	4.6		5.0	2.9	6.5	-2.7	2.3		2.8
2020	-9.3	13.0	-8.9	-4.9		-3.6	-9.5	11.7	-10.5	-5.7		-4.1
2021	11.9	8.9	14.7	11.8		11.8	8.9	6.3	7.4	8.0		8.1
2022	18.5	9.1	21.7	17.1		18.8	10.7	3.0	9.7	8.8		10.5
2023	13.2	9.4	0.1	9.5		12.0	4.8	4.3	-4.4	2.6		5.3
2024	6.3	6.6	5.8	6.3		0.5	2.3	4.3	2.2	2.7		-3.2

2018
Q1	6.3	7.3	13.5	8.0		11.6	4.7	3.7	9.5	5.5		9.2
Q2	8.0	7.1	13.2	9.0		5.9	6.5	6.3	8.2	6.9		3.9
Q3	6.9	7.0	13.2	8.3		2.2	5.1	6.2	7.6	5.9		-0.1
Q4	6.3	2.9	6.4	5.7		2.0	4.7	2.2	2.2	3.7		-0.1
2019
Q1	4.8	9.0	-1.8	4.1		2.1	3.0	7.8	-4.5	2.2		0.3
Q2	5.1	9.9	-9.9	2.6		1.2	3.3	5.5	-12.5	0.1		-1.2
Q3	4.2	8.6	7.2	5.7		8.2	2.7	6.4	4.6	3.8		6.3
Q4	4.2	11.3	5.3	5.7		8.3	2.5	6.4	1.2	2.9		5.5
2020
Q1	-3.9	6.6	-0.1	-1.1		1.2	-5.1	3.5	-5.4	-3.5		-1.2
Q2	-18.9	14.4	-21.2	-12.8		-9.7	-18.4	14.7	-20.2	-12.2		-8.8
Q3	-5.8	12.5	-6.5	-2.5		-4.0	-6.1	11.0	-7.8	-3.2		-4.5
Q4	-8.6	18.3	-8.8	-3.7		-2.1	-8.5	17.2	-9.7	-4.1		-2.2
2021
Q1	-9.4	14.4	-0.0	-2.5		-2.6	-10.0	16.6	-2.4	-2.9		-3.0
Q2	25.0	8.3	36.4	22.7		19.6	21.9	4.8	26.9	18.4		15.0
Q3	14.4	9.3	7.0	11.6		16.8	11.0	1.4	-0.8	6.2		11.8
Q4	19.1	4.3	21.1	16.2		14.2	14.1	3.8	10.5	11.1		9.3
2022
Q1	27.7	9.0	24.7	22.5		20.9	19.9	-0.9	11.7	13.0		11.8
Q2	17.5	6.9	41.9	20.0		28.0	9.5	2.1	25.5	11.1		19.0
Q3	14.3	6.0	25.0	14.8		15.0	7.2	6.9	13.6	8.5		8.3
Q4	16.6	14.7	0.6	12.6		12.8	8.2	3.9	-8.8	3.7		4.0
2023
Q1	13.8	8.9	12.3	12.4		13.9	7.4	2.4	5.9	6.0		7.7
Q2	15.2	10.0	-9.5	8.2		10.1	6.5	2.8	-14.0	0.9		3.1
Q3	12.2	9.0	-4.9	7.6		8.2	1.7	4.8	-9.3	-0.2		1.0
Q4	12.1	9.4	4.6	10.1		16.1	4.0	7.0	2.0	4.2		9.7
2024
Q1	9.6	6.5	4.6	7.8		5.9	3.0	3.9	0.8	2.7		0.6
Q2	7.2	8.4	4.7	7.0		-0.4	2.4	6.0	1.2	2.9		-4.7
Q3	4.0	7.4	13.6	6.7		1.3	1.4	5.4	9.9	4.0		-1.8
Q4	4.8	4.4	0.3	3.9		-4.1	2.3	2.0	-3.0	1.3		-6.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.4 (XLS 24KB)

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Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted

Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted												€million
	CURRENT MARKET PRICES						CONSTANT MARKET PRICES
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand	Value of Physical Changes in Stocks	Modified Total Domestic Demand
2018
Q1	26,343	8,129	10,184	44,656	1,861	46,518	29,701	9,131	12,775	51,608	1,628	53,236
Q2	26,721	8,221	10,539	45,481	304	45,785	30,071	9,366	13,027	52,464	290	52,754
Q3	26,962	8,436	10,160	45,557	13	45,570	30,141	9,525	12,475	52,141	56	52,198
Q4	27,174	8,260	10,264	45,698	-1,255	44,444	30,356	9,283	12,641	52,280	-1,120	51,160
2019
Q1	27,760	8,876	10,024	46,659	1,036	47,696	30,735	9,763	12,443	52,941	992	53,933
Q2	28,018	9,016	9,684	46,718	-318	46,400	31,030	9,907	12,038	52,974	-232	52,742
Q3	28,020	9,183	10,811	48,014	1,174	49,188	30,819	10,147	12,933	53,899	1,078	54,977
Q4	28,280	9,168	10,745	48,192	-105	48,088	31,043	9,909	12,495	53,446	-112	53,335
2020
Q1	26,870	9,473	9,973	46,316	2,087	48,403	29,376	10,167	12,168	51,710	1,934	53,644
Q2	22,650	10,301	7,596	40,547	1,098	41,645	25,307	11,337	9,438	46,082	1,191	47,273
Q3	26,321	10,379	10,066	46,765	407	47,173	28,764	11,328	11,792	51,884	400	52,284
Q4	25,741	10,794	9,987	46,522	716	47,238	28,268	11,583	11,611	51,463	714	52,177
2021
Q1	24,559	10,851	9,644	45,053	1,950	47,003	26,649	11,923	11,273	49,844	1,857	51,702
Q2	28,246	11,138	10,292	49,676	70	49,746	30,735	11,879	11,953	54,567	-44	54,523
Q3	30,051	11,414	10,726	52,191	2,944	55,136	31,907	11,544	11,667	55,117	3,049	58,166
Q4	30,539	11,181	12,317	54,037	-153	53,884	32,125	11,825	12,924	56,874	-180	56,694
2022
Q1	31,643	11,851	11,981	55,476	1,649	57,125	32,193	11,908	12,602	56,703	1,572	58,275
Q2	33,032	11,895	14,421	59,349	4,008	63,357	33,455	12,147	14,639	60,241	3,935	64,176
Q3	34,408	12,157	13,533	60,098	3,497	63,595	34,389	12,235	13,364	59,988	3,280	63,268
Q4	35,444	12,748	12,750	60,942	-69	60,873	34,612	12,311	12,185	59,108	-122	58,987
2023
Q1	36,259	12,920	13,352	62,531	2,667	65,198	34,770	12,333	13,218	60,321	2,630	62,951
Q2	37,794	13,088	13,032	63,914	5,507	69,421	35,350	12,509	12,627	60,487	5,411	65,897
Q3	38,773	13,311	12,860	64,945	4,125	69,069	35,254	12,799	12,133	60,185	4,039	64,224
Q4	39,607	13,884	13,564	67,055	3,752	70,807	35,822	13,008	12,550	61,381	3,206	64,587
2024
Q1	39,904	13,777	13,753	67,433	1,653	69,086	35,955	12,955	13,114	62,023	1,425	63,448
Q2	40,369	14,188	13,511	68,068	802	68,870	36,028	13,227	12,616	61,871	669	62,540
Q3	40,501	14,331	14,617	69,448	688	70,137	35,965	13,402	13,340	62,707	455	63,161
Q4	41,392	14,452	13,545	69,389	-1,964	67,425	36,537	13,383	12,114	62,034	-2,050	59,984

Percentage change on previous quarter
2018
Q1	3.0	1.2	5.8	3.3		6.6	2.5	1.1	2.7	2.3		4.7
Q2	1.4	1.1	3.5	1.8		-1.6	1.2	2.6	2.0	1.7		-0.9
Q3	0.9	2.6	-3.6	0.2		-0.5	0.2	1.7	-4.2	-0.6		-1.1
Q4	0.8	-2.1	1.0	0.3		-2.5	0.7	-2.5	1.3	0.3		-2.0
2019
Q1	2.2	7.5	-2.3	2.1		7.3	1.2	5.2	-1.6	1.3		5.4
Q2	0.9	1.6	-3.4	0.1		-2.7	1.0	1.5	-3.3	0.1		-2.2
Q3	0.0	1.8	11.6	2.8		6.0	-0.7	2.4	7.4	1.7		4.2
Q4	0.9	-0.2	-0.6	0.4		-2.2	0.7	-2.3	-3.4	-0.8		-3.0
2020
Q1	-5.0	3.3	-7.2	-3.9		0.7	-5.4	2.6	-2.6	-3.2		0.6
Q2	-15.7	8.7	-23.8	-12.5		-14.0	-13.9	11.5	-22.4	-10.9		-11.9
Q3	16.2	0.8	32.5	15.3		13.3	13.7	-0.1	24.9	12.6		10.6
Q4	-2.2	4.0	-0.8	-0.5		0.1	-1.7	2.3	-1.5	-0.8		-0.2
2021
Q1	-4.6	0.5	-3.4	-3.2		-0.5	-5.7	2.9	-2.9	-3.1		-0.9
Q2	15.0	2.6	6.7	10.3		5.8	15.3	-0.4	6.0	9.5		5.5
Q3	6.4	2.5	4.2	5.1		10.8	3.8	-2.8	-2.4	1.0		6.7
Q4	1.6	-2.0	14.8	3.5		-2.3	0.7	2.4	10.8	3.2		-2.5
2022
Q1	3.6	6.0	-2.7	2.7		6.0	0.2	0.7	-2.5	-0.3		2.8
Q2	4.4	0.4	20.4	7.0		10.9	3.9	2.0	16.2	6.2		10.1
Q3	4.2	2.2	-6.2	1.3		0.4	2.8	0.7	-8.7	-0.4		-1.4
Q4	3.0	4.9	-5.8	1.4		-4.3	0.6	0.6	-8.8	-1.5		-6.8
2023
Q1	2.3	1.4	4.7	2.6		7.1	0.5	0.2	8.5	2.1		6.7
Q2	4.2	1.3	-2.4	2.2		6.5	1.7	1.4	-4.5	0.3		4.7
Q3	2.6	1.7	-1.3	1.6		-0.5	-0.3	2.3	-3.9	-0.5		-2.5
Q4	2.1	4.3	5.5	3.3		2.5	1.6	1.6	3.4	2.0		0.6
2024
Q1	0.8	-0.8	1.4	0.6		-2.4	0.4	-0.4	4.5	1.0		-1.8
Q2	1.2	3.0	-1.8	0.9		-0.3	0.2	2.1	-3.8	-0.2		-1.4
Q3	0.3	1.0	8.2	2.0		1.8	-0.2	1.3	5.7	1.4		1.0
Q4	2.2	0.8	-7.3	-0.1		-3.9	1.6	-0.1	-9.2	-1.1		-5.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.5 (XLS 23KB)

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Table 5.6 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 5.6 Components of Modified 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 excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	Aircraft related to Leasing	R&D service imports and trade in IP
2018	3,901	3,223	14,084	1,388	11,185	7,378	41,159	15,307	37,034
2019	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020	4,415	2,705	14,871	1,162	7,834	6,646	37,632	9,948	110,407
2021	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023	8,291	7,627	14,991	1,541	13,735	6,394	52,580	14,366	51,285
2024	8,235	7,903	15,398	1,598	14,382	8,131	55,646	11,849	24,215

2018
Q1	810	882	2,654	296	3,395	1,693	9,730	2,265	3,657
Q2	983	841	3,095	344	n/a¹	n/a¹	10,163	n/a¹	n/a¹
Q3	1,092	779	3,916	344	2,346	2,000	10,477	4,132	4,899
Q4	1,015	721	4,419	404	n/a¹	n/a¹	10,788	n/a¹	n/a¹
	3,901	3,223	14,084	1,388	11,185	7,378	41,159	15,307	37,034
2019
Q1	959	699	3,091	333	2,851	1,627	9,559	3,502	4,721
Q2	1,015	683	3,407	341	n/a¹	n/a¹	9,156	n/a¹	n/a¹
Q3	1,253	808	4,503	381	n/a¹	n/a¹	11,236	n/a¹	n/a¹
Q4	1,117	691	5,228	450	n/a¹	n/a¹	11,364	n/a¹	n/a¹
	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020
Q1	1,163	491	3,621	375	n/a¹	n/a¹	9,546	n/a¹	n/a¹
Q2	683	550	2,351	193	n/a¹	n/a¹	7,214	n/a¹	n/a¹
Q3	1,159	774	4,214	216	2,341	1,806	10,510	2,369	11,007
Q4	1,410	889	4,685	378	1,898	1,102	10,362	4,167	23,399
	4,415	2,705	14,871	1,162	7,834	6,646	37,632	9,948	110,407
2021
Q1	911	871	2,584	331	2,940	1,908	9,546	2,287	6,152
Q2	1,096	1,303	3,124	360	2,114	1,843	9,840	3,205	6,975
Q3	1,058	1,358	4,493	332	2,237	1,766	11,245	1,698	7,728
Q4	1,347	1,582	5,224	450	2,618	1,324	12,545	3,492	24,294
	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022
Q1	1,500	1,296	3,226	416	3,343	2,120	11,901	2,311	8,153
Q2	1,969	1,420	3,610	437	n/a¹	n/a¹	13,967	n/a¹	n/a¹
Q3	2,011	1,535	4,545	591	n/a¹	n/a¹	14,054	n/a¹	n/a¹
Q4	2,051	1,661	4,593	448	2,412	1,462	12,626	4,992	13,749
	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023
Q1	1,801	1,822	3,230	371	4,046	2,100	13,371	2,769	8,158
Q2	1,891	1,790	3,423	366	3,533	1,639	12,641	4,035	8,878
Q3	2,310	1,907	4,156	389	n/a¹	n/a¹	13,364	n/a¹	n/a¹
Q4	2,289	2,108	4,182	415	n/a¹	n/a¹	13,205	n/a¹	n/a¹
	8,291	7,627	14,991	1,541	13,735	6,394	52,580	14,366	51,285
2024
Q1	1,700	1,871	2,901	337	n/a¹	n/a¹	13,981	n/a¹	n/a¹
Q2	1,890	1,803	3,498	383	n/a¹	n/a¹	13,231	n/a¹	n/a¹
Q3	2,619	2,070	4,442	376	3,300	2,379	15,187	3,280	10,857
Q4	2,026	2,159	4,555	501	n/a¹	n/a¹	13,247	n/a¹	n/a¹
	8,235	7,903	15,398	1,598	14,382	8,131	55,646	11,849	24,215

Percentage change on corresponding period of previous year
2018	31.2	24.5	13.2	25.5	4.8	3.1	11.4	32.6	-28.3
2019	11.4	-10.6	15.2	8.4	-12.0	-11.8	0.4	5.1	267.7
2020	1.6	-6.1	-8.4	-22.8	-20.5	2.1	-8.9	-38.2	-18.9
2021	-0.1	89.1	3.7	26.7	26.5	2.9	14.7	7.4	-59.1
2022	70.7	15.6	3.5	28.4	39.0	9.2	21.7	20.3	-0.5
2023	10.1	29.0	-6.1	-18.5	-0.3	-14.4	0.1	11.8	14.2
2024	-0.7	3.6	2.7	3.7	4.7	27.2	5.8	-17.5	-52.8

2018
Q1	32.4	48.0	10.0	9.8	27.2	-15.8	13.5	-34.3	0.3
Q2	46.4	39.9	17.2	42.2	n/a¹	n/a¹	13.2	n/a¹	n/a¹
Q3	27.4	25.7	16.6	37.9	-3.2	14.6	13.2	160.4	31.6
Q4	21.9	-6.7	9.5	17.2	n/a¹	n/a¹	6.4	n/a¹	n/a¹
2019
Q1	18.3	-20.8	16.5	12.5	-16.0	-3.9	-1.8	54.6	29.1
Q2	3.2	-18.9	10.1	-1.0	n/a¹	n/a¹	-9.9	n/a¹	n/a¹
Q3	14.7	3.7	15.0	10.6	n/a¹	n/a¹	7.2	n/a¹	n/a¹
Q4	10.0	-4.1	18.3	11.6	n/a¹	n/a¹	5.3	n/a¹	n/a¹
2020
Q1	21.2	-29.8	17.1	12.7	n/a¹	n/a¹	-0.1	n/a¹	n/a¹
Q2	-32.7	-19.4	-31.0	-43.3	n/a¹	n/a¹	-21.2	n/a¹	n/a¹
Q3	-7.5	-4.1	-6.4	-43.3	n/a¹	n/a¹	-6.5	n/a¹	n/a¹
Q4	26.2	28.6	-10.4	-16.1	n/a¹	n/a¹	-8.8	n/a¹	n/a¹
2021
Q1	-21.6	77.5	-28.6	-11.6	n/a¹	n/a¹	-0.0	n/a¹	n/a¹
Q2	60.4	136.8	32.9	86.2	n/a¹	n/a¹	36.4	n/a¹	n/a¹
Q3	-8.6	75.4	6.6	53.5	-4.4	-2.2	7.0	-28.3	-29.8
Q4	-4.5	77.9	11.5	19.0	38.0	20.2	21.1	-16.2	3.8
2022
Q1	64.6	48.9	24.8	25.4	13.7	11.1	24.7	1.0	32.5
Q2	79.6	9.0	15.5	21.5	n/a¹	n/a¹	41.9	n/a¹	n/a¹
Q3	90.0	13.0	1.1	78.1	n/a¹	n/a¹	25.0	n/a¹	n/a¹
Q4	52.3	5.0	-12.1	-0.5	-7.9	10.4	0.6	43.0	-43.4
2023
Q1	20.0	40.6	0.1	-10.7	21.0	-0.9	12.3	19.8	0.1
Q2	-3.9	26.0	-5.2	-16.3	n/a¹	n/a¹	-9.5	n/a¹	n/a¹
Q3	14.9	24.2	-8.5	-34.1	n/a¹	n/a¹	-4.9	n/a¹	n/a¹
Q4	11.6	26.9	-8.9	-7.3	n/a¹	n/a¹	4.6	n/a¹	n/a¹
2024
Q1	-5.6	2.7	-10.2	-9.1	n/a¹	n/a¹	4.6	n/a¹	n/a¹
Q2	-0.1	0.7	2.2	4.8	n/a¹	n/a¹	4.7	n/a¹	n/a¹
Q3	13.4	8.6	6.9	-3.2	n/a¹	n/a¹	13.6	n/a¹	n/a¹
Q4	-11.5	2.4	8.9	20.7	n/a¹	n/a¹	0.3	n/a¹	n/a¹
¹Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.6 (XLS 20KB)

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Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2022)¹ - Non-Seasonally Adjusted

Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2022)¹ - Non-Seasonally Adjusted									€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	Aircraft related to Leasing	R&D service imports and trade in IP
2018	5,351	4,425	19,338	1,781	10,916	9,178	51,246	16,920	38,825
2019	6,067	3,707	20,888	1,861	9,774	7,750	49,842	17,593	137,075
2020	5,837	3,380	18,587	1,422	8,023	7,737	44,610	10,740	115,657
2021	5,466	5,760	17,384	1,654	10,236	7,450	47,889	11,228	47,125
2022	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023	7,999	7,260	14,268	1,485	13,173	6,038	50,223	13,445	49,724
2024	7,399	7,335	14,253	1,420	13,831	7,114	51,353	10,877	22,318

2018
Q1	1,148	1,242	3,798	392	3,297	2,081	12,344	2,513	3,758
Q2	1,360	1,162	4,279	445	n/a²	n/a²	12,714	n/a²	n/a²
Q3	1,478	1,066	5,359	436	2,266	2,523	12,965	4,565	5,147
Q4	1,365	954	5,902	508	n/a²	n/a²	13,223	n/a²	n/a²
	5,351	4,425	19,338	1,781	10,916	9,178	51,246	16,920	38,825
2019
Q1	1,355	937	4,132	416	2,814	1,962	11,784	3,846	4,941
Q2	1,426	898	4,479	424	n/a²	n/a²	11,124	n/a²	n/a²
Q3	1,735	1,044	5,849	467	n/a²	n/a²	13,558	n/a²	n/a²
Q4	1,551	827	6,427	554	n/a²	n/a²	13,376	n/a²	n/a²
	6,067	3,707	20,888	1,861	9,774	7,750	49,842	17,593	137,075
2020
Q1	1,553	589	4,458	461	n/a²	n/a²	11,153	n/a²	n/a²
Q2	906	766	3,156	238	n/a²	n/a²	8,877	n/a²	n/a²
Q3	1,528	948	5,226	265	2,390	2,203	12,503	2,562	12,449
Q4	1,849	1,077	5,748	459	1,973	1,220	12,076	4,485	26,307
	5,837	3,380	18,587	1,422	8,023	7,737	44,610	10,740	115,657
2021
Q1	1,151	1,018	3,081	393	3,034	2,033	10,883	2,433	6,227
Q2	1,379	1,560	3,700	417	2,191	2,059	11,263	3,389	6,810
Q3	1,311	1,509	5,004	367	2,311	1,982	12,402	1,781	7,547
Q4	1,625	1,672	5,599	477	2,699	1,376	13,341	3,625	26,541
	5,466	5,760	17,384	1,654	10,236	7,450	47,889	11,228	47,125
2022
Q1	1,560	1,327	3,340	429	3,395	2,054	12,152	2,371	8,054
Q2	2,009	1,415	3,620	443	n/a²	n/a²	14,134	n/a²	n/a²
Q3	1,997	1,558	4,549	582	n/a²	n/a²	14,091	n/a²	n/a²
Q4	1,964	1,613	4,464	436	2,384	1,414	12,172	4,902	13,659
	7,530	5,913	15,973	1,891	13,773	7,469	52,549	12,847	44,910
2023
Q1	1,795	1,779	3,130	362	3,895	1,914	12,875	2,658	8,090
Q2	1,850	1,713	3,266	358	3,392	1,578	12,157	3,810	8,558
Q3	2,211	1,800	3,939	375	n/a²	n/a²	12,774	n/a²	n/a²
Q4	2,144	1,968	3,933	389	n/a²	n/a²	12,416	n/a²	n/a²
	7,999	7,260	14,268	1,485	13,173	6,038	50,223	13,445	49,724
2024
Q1	1,566	1,789	2,752	310	n/a²	n/a²	12,972	n/a²	n/a²
Q2	1,724	1,692	3,273	347	n/a²	n/a²	12,302	n/a²	n/a²
Q3	2,331	1,891	4,071	331	3,198	2,215	14,038	3,010	10,405
Q4	1,778	1,964	4,157	431	n/a²	n/a²	12,041	n/a²	n/a²
	7,399	7,335	14,253	1,420	13,831	7,114	51,353	10,877	22,318

Percentage change on corresponding period of previous year
2018	24.9	15.8	5.3	15.5	5.4	-0.9	6.7	31.2	-29.4
2019	13.4	-16.2	8.0	4.5	-10.5	-15.6	-2.7	4.0	253.1
2020	-3.8	-8.8	-11.0	-23.6	-17.9	-0.2	-10.5	-39.0	-15.6
2021	-6.4	70.4	-6.5	16.3	27.6	-3.7	7.4	4.6	-59.3
2022	37.8	2.7	-8.1	14.3	34.6	0.3	9.7	14.4	-4.7
2023	6.2	22.8	-10.7	-21.5	-4.4	-19.2	-4.4	4.7	10.7
2024	-7.5	1.0	-0.1	-4.4	5.0	17.8	2.2	-19.1	-55.1

2018
Q1	23.1	38.4	4.3	-0.8	27.9	-19.5	9.5	-35.0	-4.0
Q2	35.9	29.1	8.5	28.2	n/a²	n/a²	8.2	n/a²	n/a²
Q3	22.4	15.4	7.6	27.9	-3.6	9.8	7.6	158.0	30.1
Q4	19.3	-13.2	1.6	10.7	n/a²	n/a²	2.2	n/a²	n/a²
2019
Q1	18.0	-24.6	8.8	6.3	-14.7	-5.7	-4.5	53.1	31.5
Q2	4.9	-22.7	4.7	-4.8	n/a²	n/a²	-12.5	n/a²	n/a²
Q3	17.3	-2.1	9.2	7.1	n/a²	n/a²	4.6	n/a²	n/a²
Q4	13.7	-13.3	8.9	9.1	n/a²	n/a²	1.2	n/a²	n/a²
2020
Q1	14.6	-37.1	7.9	10.7	n/a²	n/a²	-5.4	n/a²	n/a²
Q2	-36.5	-14.7	-29.5	-43.9	n/a²	n/a²	-20.2	n/a²	n/a²
Q3	-11.9	-9.2	-10.7	-43.3	n/a²	n/a²	-7.8	n/a²	n/a²
Q4	19.2	30.1	-10.6	-17.2	n/a²	n/a²	-9.7	n/a²	n/a²
2021
Q1	-25.9	72.8	-30.9	-14.7	n/a²	n/a²	-2.4	n/a²	n/a²
Q2	52.1	103.7	17.2	75.5	n/a²	n/a²	26.9	n/a²	n/a²
Q3	-14.2	59.2	-4.2	38.5	-3.3	-10.0	-0.8	-30.5	-39.4
Q4	-12.1	55.4	-2.6	4.1	36.8	12.8	10.5	-19.2	0.9
2022
Q1	35.6	30.3	8.4	9.2	11.9	1.1	11.7	-2.5	29.3
Q2	45.7	-9.3	-2.2	6.2	n/a²	n/a²	25.5	n/a²	n/a²
Q3	52.3	3.2	-9.1	58.7	n/a²	n/a²	13.6	n/a²	n/a²
Q4	20.9	-3.6	-20.3	-8.6	-11.7	2.8	-8.8	35.2	-48.5
2023
Q1	15.0	34.0	-6.3	-15.6	14.7	-6.8	5.9	12.1	0.4
Q2	-7.9	21.0	-9.8	-19.2	n/a²	n/a²	-14.0	n/a²	n/a²
Q3	10.7	15.6	-13.4	-35.5	n/a²	n/a²	-9.3	n/a²	n/a²
Q4	9.1	22.0	-11.9	-10.8	n/a²	n/a²	2.0	n/a²	n/a²
2024
Q1	-12.8	0.6	-12.1	-14.4	n/a²	n/a²	0.8	n/a²	n/a²
Q2	-6.8	-1.2	0.2	-3.0	n/a²	n/a²	1.2	n/a²	n/a²
Q3	5.5	5.0	3.4	-11.7	n/a²	n/a²	9.9	n/a²	n/a²
Q4	-17.0	-0.2	5.7	10.7	n/a²	n/a²	-3.0	n/a²	n/a²
¹Chain linked series not additive
²Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.7 (XLS 20KB)

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Table 5.8 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted

Table 5.8 Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)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 excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment excluding Aircraft related to Leasing	Intangible Assets excluding R&D service imports and trade in IP	Modified Gross Domestic Fixed Capital Formation
2018
Q1	5,376	3,194	1,615	10,184	7,640	3,098	2,037	12,775
Q2	5,670	n/a³	n/a³	10,539	7,883	n/a³	n/a³	13,027
Q3	5,774	2,417	1,969	10,160	7,695	2,359	2,422	12,475
Q4	5,701	n/a³	n/a³	10,264	7,614	n/a³	n/a³	12,641
2019
Q1	5,870	2,613	1,541	10,024	8,004	2,520	1,919	12,443
Q2	5,962	n/a³	n/a³	9,684	8,008	n/a³	n/a³	12,038
Q3	6,512	n/a³	n/a³	10,811	8,351	n/a³	n/a³	12,933
Q4	6,491	n/a³	n/a³	10,745	8,065	n/a³	n/a³	12,495
2020
Q1	6,552	n/a³	n/a³	9,973	8,393	n/a³	n/a³	12,168
Q2	4,146	n/a³	n/a³	7,596	5,648	n/a³	n/a³	9,438
Q3	5,917	2,383	1,767	10,066	7,257	2,447	2,088	11,792
Q4	6,491	2,164	1,333	9,987	7,904	2,231	1,477	11,611
2021
Q1	5,399	2,527	1,717	9,644	6,737	2,622	1,914	11,273
Q2	6,338	2,206	1,748	10,292	7,739	2,287	1,927	11,953
Q3	6,709	2,270	1,747	10,726	7,475	2,302	1,890	11,667
Q4	7,679	2,975	1,663	12,317	8,205	2,994	1,726	12,924
2022
Q1	7,312	2,825	1,844	11,981	7,846	2,880	1,876	12,602
Q2	7,979	n/a³	n/a³	14,421	8,152	n/a³	n/a³	14,639
Q3	8,051	n/a³	n/a³	13,533	7,912	n/a³	n/a³	13,364
Q4	7,985	2,881	1,884	12,750	7,551	2,818	1,816	12,185
2023
Q1	8,109	3,463	1,780	13,352	8,194	3,316	1,709	13,218
Q2	7,981	3,501	1,550	13,032	7,771	3,380	1,476	12,627
Q3	8,099	n/a³	n/a³	12,860	7,588	n/a³	n/a³	12,133
Q4	8,368	n/a³	n/a³	13,564	7,643	n/a³	n/a³	12,550
2024
Q1	7,665	n/a³	n/a³	13,753	7,462	n/a³	n/a³	13,114
Q2	8,031	n/a³	n/a³	13,511	7,510	n/a³	n/a³	12,616
Q3	8,724	3,454	2,438	14,617	7,835	3,341	2,164	13,340
Q4	8,626	n/a³	n/a³	13,545	7,575	n/a³	n/a³	12,114

Percentage change on previous quarter
2018
Q1	3.2	22.4	-10.4	5.8	2.2	16.3	-11.6	2.7
Q2	5.5	n/a³	n/a³	3.5	3.2	n/a³	n/a³	2.0
Q3	1.8	n/a³	n/a³	-3.6	-2.4	n/a³	n/a³	-4.2
Q4	-1.3	n/a³	n/a³	1.0	-1.1	n/a³	n/a³	1.3
2019
Q1	3.0	n/a³	n/a³	-2.3	5.1	n/a³	n/a³	-1.6
Q2	1.6	n/a³	n/a³	-3.4	0.0	n/a³	n/a³	-3.3
Q3	9.2	n/a³	n/a³	11.6	4.3	n/a³	n/a³	7.4
Q4	-0.3	n/a³	n/a³	-0.6	-3.4	n/a³	n/a³	-3.4
2020
Q1	0.9	n/a³	n/a³	-7.2	4.1	n/a³	n/a³	-2.6
Q2	-36.7	n/a³	n/a³	-23.8	-32.7	n/a³	n/a³	-22.4
Q3	42.7	n/a³	n/a³	32.5	28.5	n/a³	n/a³	24.9
Q4	9.7	-9.2	-24.6	-0.8	8.9	-8.8	-29.3	-1.5
2021
Q1	-16.8	16.8	28.8	-3.4	-14.8	17.5	29.6	-2.9
Q2	17.4	-12.7	1.8	6.7	14.9	-12.8	0.7	6.0
Q3	5.9	2.9	-0.0	4.2	-3.4	0.6	-1.9	-2.4
Q4	14.5	31.1	-4.8	14.8	9.8	30.1	-8.7	10.8
2022
Q1	-4.8	-5.0	10.9	-2.7	-4.4	-3.8	8.7	-2.5
Q2	9.1	n/a³	n/a³	20.4	3.9	n/a³	n/a³	16.2
Q3	0.9	n/a³	n/a³	-6.2	-2.9	n/a³	n/a³	-8.7
Q4	-0.8	n/a³	n/a³	-5.8	-4.6	n/a³	n/a³	-8.8
2023
Q1	1.6	20.2	-5.5	4.7	8.5	17.7	-5.9	8.5
Q2	-1.6	1.1	-12.9	-2.4	-5.2	1.9	-13.6	-4.5
Q3	1.5	n/a³	n/a³	-1.3	-2.4	n/a³	n/a³	-3.9
Q4	3.3	n/a³	n/a³	5.5	0.7	n/a³	n/a³	3.4
2024
Q1	-8.4	n/a³	n/a³	1.4	-2.4	n/a³	n/a³	4.5
Q2	4.8	n/a³	n/a³	-1.8	0.7	n/a³	n/a³	-3.8
Q3	8.6	n/a³	n/a³	8.2	4.3	n/a³	n/a³	5.7
Q4	-1.1	n/a³	n/a³	-7.3	-3.3	n/a³	n/a³	-9.2
¹Chain linked series not additive
²The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
³Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q4 2024 Table 5.8 (XLS 19KB)

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Quarterly National Accounts Quarter 4 2024

Domestic Demand

Domestic Demand

Modified Domestic Demand decreased by 1.1% in Q4 2024

Comparisons with Q4 2023

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