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GDP by Sector

GDP by Sector

Increase of 3.6% in GDP (seasonally adjusted) in Quarter 4

Online ISSN: 2009-5775
CSO statistical release, , 11am
Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q4 20242
 Amount €mQuarterly % change
Industry (excl. Construction)39,6031.2
Information and Communication27,5077.8
Professional, Admin and Support Services14,048-5.3
Distribution, Transport, Hotels and Restaurants12,0201.1
Public Admin, Education and Health11,8140.6
Real Estate Activities7,4631.6
Financial and Insurance Activities4,302-6.4
Construction2,871-4.5
Agriculture, Forestry and Fishing1,559-1.7
Arts, Entertainment and Other Services1,4580.4
Gross Domestic Product130,1103.6
1Series is not additive, Taxes less Subsidies on Products not shown in table (see Table 2.5 for full detail).
2Constant Market Prices, chain linked annually and referenced to year 2022, seasonally adjusted.

The MNE dominated sectors of the economy expanded by 3.8% overall in the fourth quarter of 2024. The MNE dominated Information & Communication sector grew by 7.8% in Q4 compared with the previous quarter, while the Industry (excluding Construction) sector increased by 1.2% in the quarter. The domestically facing Real Estate sector posted an increase of 1.6% in Q4 2024 while the Distribution, Transport, Hotels & Restaurants sector increased by 1.1% quarter-on-quarter. The Public Administration, Education & Health sector and Arts & Entertainment sector expanded modestly by 0.6% and 0.4% respectively over the period compared with Q3 2024. Finance & Insurance, Professional & Administrative services and the Construction sector contracted by 6.4%, 5.3% and 4.5% respectively. The Agriculture, Forestry & Fishing sector fell by 1.7% quarter-on-quarter. (See Tables 2.5 and 6.3).

Column1Q4 2024Q3 2024
Industry (excl. Construction)39.603125721339.1450639077
Information and Communication27.507037661625.5104346371
Professional, Admin and Support Services14.047681362514.8356032137
Distribution, Transport, Hotels and Restaurants12.020132488511.8887076085
Public Admin, Education and Health11.813987911611.7462479883
Real Estate Activities7.46272957887.3480549954
Financial and Insurance Activities4.30221731734.5984377399
Construction2.87070467623.0059061544
Agriculture Forestry and Fishing1.55910543041.5862444692
Arts, Entertainment and Other Services1.45769591321.45197775

Get the data: NAQ02

Column1Q4 2024
Financial & Insurance Activities-6.44176216695808
Professional, Admin & Support Services-5.31101998247291
Construction-4.49786091964628
Agriculture, Forestry & Fishing-1.71089887636848
Arts, Entertainment & Other Services0.39381892732171
Public Admin, Education & Health0.576694135586719
Distribution, Transport, Hotels & Restaurants1.10545977180929
Industry (excl. Construction)1.17016494002937
Real Estate Activities1.56061139269901
Information & Communication7.82661312087694
Agriculture, Forestry & FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels & RestaurantsInformation & CommunicationFinancial & Insurance ActivitiesReal Estate ActivitiesProfessional, Admin & Support ServicesPublic Admin, Education & HealthArts, Entertainment & Other Services
Q1 2022100100100100100100100100100100
Q2 202296.7383435401673101.511688449189103.915449753778101.314326880368104.48852508316795.991224024664103.303912583295100.586717160045101.675460346113113.408515735258
Q3 2022112.170692411712108.087998249186103.228152038092102.011183845105107.73423256438693.695466401404103.67321865042199.9441665777955102.648456680704116.833540670622
Q4 2022108.331918243584114.858375506528100.099368553817102.801895604165103.19752672611493.3584118071634103.968837460928102.320875308367103.637195362252119.159724372375
Q1 2023118.85062815857586.151578627751103.2437490248499.0273817565023107.705723480375115.695760242691111.09805622936101.967715017316106.025559193015114.357455142402
Q2 2023127.05459137865589.244326259471198.7737678130539101.623356691618112.849060363821113.484606524341113.730671244094103.375313224719105.859205242815118.300825336562
Q3 2023115.23234729955982.159003282881195.9337964164758101.345033139097112.332768304609102.55112487365115.263213066206104.177709603824107.41480112429116.674886600141
Q4 2023117.35557316723275.541300331603997.4072496650033100.199073724469112.816117878719104.508290383177115.500689025042103.421050668456108.786042854637117.725138814715
Q1 2024116.73262329892473.097485382159796.2622400634069103.706833990814114.928097750021105.677224952197113.782695883253104.402275146979109.543357767054120.937082392931
Q2 2024115.45192629067673.874000684971697.0097468915652101.814702562485114.26152678758495.7970789329809115.217101298732109.870064740065110.008324657152110.452400885669
Q3 2024115.28961766133483.471873040652999.8060391389556100.507098374921122.13419728079699.3241035279966118.107261072492113.879143441145110.083528356253110.531043611362
Q4 2024113.31712888819784.448631633760595.3169023090777101.618163915269131.69316839025292.9258810042599119.950456444394107.830999377117110.71837360853110.96633578167

Comparisons with Q4 2023

Estimates for the fourth quarter of 2024 indicate that there was an increase of 9.2% in GDP in real terms in Q4 2024 compared with Q4 2023. Gross Value Added (GVA) for the MNE-dominated sectors expanded by 16.3% in Q4 2024 compared with Q4 2023.

The Information & Communication sector increased by 16.9% in Q4 compared with the equivalent quarter of 2023 while the Industry (excluding Construction) sector rose by 12.6% year-on-year over the same period.

Of the domestic based economic sectors, Professional & Administrative Services activity grew by 4.1% year-on-year, while Real Estate activities rose by 3.8% compared with the same quarter of 2023. Public Administration, Education & Health increased by 1.8% in Q4 2024 compared with Q4 2023 while Distribution, Transport, Hotels & Restaurants posted a rise of 1.1% year-on-year. Financial & Insurance activities recorded a significant decline of 8.2% in Q4 2024 compared with Q4 2023, while the Agriculture, Forestry & Fishing sector declined by 5.6% over the same period. The Arts & Entertainment sector contracted by 5.4% year-on-year in Q4 2024 while Construction activity fell by 2.3%.

Overall, the domestic based sectors grew by 1.1% year-on-year in the fourth quarter of 2024 compared with Q4 2023. (See Tables 2.3 and 6.2).

Table 2.2 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Price

Table 2.3 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)2

Table 2.4 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices - Seasonally Adjusted

Table 2.5 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)2 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2024 Updates Tables (XLS 61KB)