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Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q4 20242 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 39,603 | 1.2 |
Information and Communication | 27,507 | 7.8 |
Professional, Admin and Support Services | 14,048 | -5.3 |
Distribution, Transport, Hotels and Restaurants | 12,020 | 1.1 |
Public Admin, Education and Health | 11,814 | 0.6 |
Real Estate Activities | 7,463 | 1.6 |
Financial and Insurance Activities | 4,302 | -6.4 |
Construction | 2,871 | -4.5 |
Agriculture, Forestry and Fishing | 1,559 | -1.7 |
Arts, Entertainment and Other Services | 1,458 | 0.4 |
Gross Domestic Product | 130,110 | 3.6 |
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).
Column1 | Q4 2024 | Q3 2024 |
---|---|---|
Industry (excl. Construction) | 39.6031257213 | 39.1450639077 |
Information and Communication | 27.5070376616 | 25.5104346371 |
Professional, Admin and Support Services | 14.0476813625 | 14.8356032137 |
Distribution, Transport, Hotels and Restaurants | 12.0201324885 | 11.8887076085 |
Public Admin, Education and Health | 11.8139879116 | 11.7462479883 |
Real Estate Activities | 7.4627295788 | 7.3480549954 |
Financial and Insurance Activities | 4.3022173173 | 4.5984377399 |
Construction | 2.8707046762 | 3.0059061544 |
Agriculture Forestry and Fishing | 1.5591054304 | 1.5862444692 |
Arts, Entertainment and Other Services | 1.4576959132 | 1.45197775 |
Get the data: NAQ02
Column1 | Q4 2024 |
---|---|
Financial & Insurance Activities | -6.44176216695808 |
Professional, Admin & Support Services | -5.31101998247291 |
Construction | -4.49786091964628 |
Agriculture, Forestry & Fishing | -1.71089887636848 |
Arts, Entertainment & Other Services | 0.39381892732171 |
Public Admin, Education & Health | 0.576694135586719 |
Distribution, Transport, Hotels & Restaurants | 1.10545977180929 |
Industry (excl. Construction) | 1.17016494002937 |
Real Estate Activities | 1.56061139269901 |
Information & Communication | 7.82661312087694 |
Agriculture, Forestry & Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels & Restaurants | Information & Communication | Financial & Insurance Activities | Real Estate Activities | Professional, Admin & Support Services | Public Admin, Education & Health | Arts, Entertainment & Other Services | |
Q1 2022 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2022 | 96.7383435401673 | 101.511688449189 | 103.915449753778 | 101.314326880368 | 104.488525083167 | 95.991224024664 | 103.303912583295 | 100.586717160045 | 101.675460346113 | 113.408515735258 |
Q3 2022 | 112.170692411712 | 108.087998249186 | 103.228152038092 | 102.011183845105 | 107.734232564386 | 93.695466401404 | 103.673218650421 | 99.9441665777955 | 102.648456680704 | 116.833540670622 |
Q4 2022 | 108.331918243584 | 114.858375506528 | 100.099368553817 | 102.801895604165 | 103.197526726114 | 93.3584118071634 | 103.968837460928 | 102.320875308367 | 103.637195362252 | 119.159724372375 |
Q1 2023 | 118.850628158575 | 86.151578627751 | 103.24374902484 | 99.0273817565023 | 107.705723480375 | 115.695760242691 | 111.09805622936 | 101.967715017316 | 106.025559193015 | 114.357455142402 |
Q2 2023 | 127.054591378655 | 89.2443262594711 | 98.7737678130539 | 101.623356691618 | 112.849060363821 | 113.484606524341 | 113.730671244094 | 103.375313224719 | 105.859205242815 | 118.300825336562 |
Q3 2023 | 115.232347299559 | 82.1590032828811 | 95.9337964164758 | 101.345033139097 | 112.332768304609 | 102.55112487365 | 115.263213066206 | 104.177709603824 | 107.41480112429 | 116.674886600141 |
Q4 2023 | 117.355573167232 | 75.5413003316039 | 97.4072496650033 | 100.199073724469 | 112.816117878719 | 104.508290383177 | 115.500689025042 | 103.421050668456 | 108.786042854637 | 117.725138814715 |
Q1 2024 | 116.732623298924 | 73.0974853821597 | 96.2622400634069 | 103.706833990814 | 114.928097750021 | 105.677224952197 | 113.782695883253 | 104.402275146979 | 109.543357767054 | 120.937082392931 |
Q2 2024 | 115.451926290676 | 73.8740006849716 | 97.0097468915652 | 101.814702562485 | 114.261526787584 | 95.7970789329809 | 115.217101298732 | 109.870064740065 | 110.008324657152 | 110.452400885669 |
Q3 2024 | 115.289617661334 | 83.4718730406529 | 99.8060391389556 | 100.507098374921 | 122.134197280796 | 99.3241035279966 | 118.107261072492 | 113.879143441145 | 110.083528356253 | 110.531043611362 |
Q4 2024 | 113.317128888197 | 84.4486316337605 | 95.3169023090777 | 101.618163915269 | 131.693168390252 | 92.9258810042599 | 119.950456444394 | 107.830999377117 | 110.71837360853 | 110.96633578167 |
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).
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2024 Updates Tables (XLS 61KB)
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