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Quarterly National Accounts Quarter 4 2025

Domestic Demand

Modified Domestic Demand increased by 1.0% in Q4 2025

Online ISSN: 2009-5775

CSO statistical release, 05 March 2026, 11am

Table 5.1 Modified Final Domestic Demand by Component, Q4 2025¹
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	41,197	0.9
Net Expenditure by Central and Local Government on Current Goods and Services	14,789	0.3
Modified Gross Domestic Fixed Capital Formation	17,239	1.8
Modified Final Domestic Demand	73,224	1.0
¹Constant Market Prices, chain linked annually and referenced to year 2023 and seasonally adjusted

Open in Excel: Quarterly National Accounts Q4 2025 Table 5.1 (XLS 10KB)

Final Domestic Demand decreased by 1.2% in Q4 2025 compared with Q3 2025, while Modified Final Domestic Demand increased by 1.0% over the same period. (See Tables 5.3 and 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 2023	38.3912542171	12.8333009877	16.4443752463	67.6609212953
Q2 2023	38.478894299	13.057069778	15.4667086282	66.9972096724
Q3 2023	38.0379389673	13.228457442	15.1596208329	66.427397684
Q4 2023	38.9029849966	14.0651489324	14.899914129	67.8801398052
Q1 2024	39.146872116	13.4875227543	15.4028822059	68.0372770763
Q2 2024	39.4404121649	13.959830556	14.544971823	67.945214544
Q3 2024	39.5876699645	14.0528145125	15.1744383954	68.8149228724
Q4 2024	40.2228910638	14.444273738	14.0268359016	68.6940007035
Q1 2025	40.3117107912	14.2539684385	15.8978553904	70.4635346201
Q2 2025	40.6820756312	14.5245540829	15.4934988905	70.7001286046
Q3 2025	40.8277202528	14.7414737527	16.9291124528	72.4983064585
Q4 2025	41.1966442139	14.7892308374	17.2385953008	73.2244703523

Get the data: NAQ05

	Modified Final Domestic Demand
Q1 2023	7.12984586328453
Q2 2023	-0.980937903584378
Q3 2023	-0.850501074874976
Q4 2023	2.1869622653454
Q1 2024	0.231492262023836
Q2 2024	-0.135311899970303
Q3 2024	1.28001410288696
Q4 2024	-0.175720852182337
Q1 2025	2.57596572987173
Q2 2025	0.335767976692591
Q3 2025	2.54338696320702
Q4 2025	1.00162876799845

Get the data: NAQ05

	Modified Final Domestic Demand	Net Exports & Other
Q1 2023	3.32064184809905	-4.98122622524031
Q2 2023	-0.497698427461378	0.620132859910703
Q3 2023	-0.426763262902459	-1.43310028046918
Q4 2023	1.10865728730759	-3.97684626603382
Q1 2024	0.123460066846777	1.65313312775668
Q2 2024	-0.0710693442205677	-0.179984354675829
Q3 2024	0.673076927787731	5.57287286419514
Q4 2024	-0.088081483338419	3.86607457533482
Q1 2025	1.24203065474869	6.42741560755091
Q2 2025	0.154235605409357	-0.707570155737867
Q3 2025	1.17875449940746	-1.1604655174475
Q4 2025	0.475933143034566	-4.30701487831667

Comparisons with Q4 2024

Final Domestic Demand increased by 7.0% in Q4 2025 compared with Q4 2024, while Modified Final Domestic Demand grew by 6.7% over the same period (See Tables 5.2 and 5.4)

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023) - Non-Seasonally Adjusted

Table 5.2 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)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
2019	112,422	36,078	193,555	342,056	1,788	343,843	134,038	41,566	223,286	398,791	1,668	399,082
2020	102,101	40,725	157,989	300,815	4,594	305,409	121,518	46,365	186,513	354,241	4,742	358,556
2021	114,296	44,493	99,007	257,796	4,279	262,075	132,360	49,439	112,093	293,914	4,519	298,159
2022	135,461	48,314	110,101	293,876	9,061	302,937	146,605	50,683	115,202	312,345	8,895	321,265
2023	153,926	53,217	130,596	337,739	9,288	347,027	153,926	53,217	130,596	337,739	9,288	347,027
2024	164,748	57,298	97,634	319,679	5,067	324,746	158,459	56,048	93,421	307,929	5,257	313,186
2025	172,410	60,433	142,016	374,860	4,447	379,307	163,064	58,363	133,178	354,604	4,812	359,416

2019
Q1	27,191	8,728	17,782	53,700	1,036	54,737	32,614	10,141	21,117	63,731	971	64,713
Q2	27,295	8,988	60,983	97,267	-318	96,948	32,470	10,287	71,112	113,908	-239	113,041
Q3	27,974	9,208	21,860	59,042	1,174	60,216	33,355	10,731	25,408	69,368	1,056	70,435
Q4	29,962	9,155	92,929	132,047	-105	131,942	35,599	10,406	105,649	151,784	-120	150,893
	112,422	36,078	193,555	342,056	1,788	343,843	134,038	41,566	223,286	398,791	1,668	399,082
2020
Q1	26,208	9,291	79,024	114,523	2,067	116,590	30,911	10,470	90,951	132,739	1,926	134,541
Q2	22,279	10,270	17,149	49,698	1,267	50,965	26,597	11,784	20,216	58,364	1,514	59,987
Q3	26,305	10,334	23,887	60,526	485	61,010	31,337	11,906	28,923	71,922	509	72,233
Q4	27,309	10,830	37,929	76,068	775	76,843	32,674	12,204	46,423	91,216	793	91,795
	102,101	40,725	157,989	300,815	4,594	305,409	121,518	46,365	186,513	354,241	4,742	358,556
2021
Q1	25,269	10,662	17,994	53,925	1,811	55,736	29,731	12,250	20,500	62,538	1,859	64,462
Q2	27,120	11,150	20,022	58,292	261	58,553	31,563	12,376	22,596	66,570	224	66,622
Q3	29,744	11,349	20,657	61,750	3,162	64,912	34,402	12,094	22,807	69,299	3,338	72,884
Q4	32,163	11,332	40,334	83,829	-955	82,874	36,664	12,719	46,190	95,508	-903	94,190
	114,296	44,493	99,007	257,796	4,279	262,075	132,360	49,439	112,093	293,914	4,519	298,159
2022
Q1	31,131	11,565	22,329	65,025	1,520	66,545	34,683	12,064	23,601	70,290	1,550	71,811
Q2	32,625	11,853	26,695	71,173	4,796	75,969	35,412	12,572	28,200	76,159	4,703	81,065
Q3	34,277	11,959	29,756	75,993	2,625	78,618	36,879	12,890	31,217	80,969	2,556	83,551
Q4	37,428	12,936	31,321	81,685	120	81,805	39,631	13,158	32,184	84,926	85	84,838
	135,461	48,314	110,101	293,876	9,061	302,937	146,605	50,683	115,202	312,345	8,895	321,265
2023
Q1	36,028	12,678	27,327	76,033	878	76,911	37,636	12,435	27,471	77,464	824	78,183
Q2	37,674	13,130	28,960	79,764	3,574	83,338	37,823	13,002	28,774	79,546	3,536	83,190
Q3	38,401	13,130	28,163	79,694	4,004	83,698	37,483	13,062	27,944	78,430	4,306	82,908
Q4	41,823	14,280	46,145	102,248	832	103,080	40,984	14,718	46,407	102,300	622	102,746
	153,926	53,217	130,596	337,739	9,288	347,027	153,926	53,217	130,596	337,739	9,288	347,027
2024
Q1	39,178	13,653	25,066	77,897	1,148	79,046	38,287	13,003	24,051	75,341	1,091	76,432
Q2	40,568	14,382	11,546	66,497	1,736	68,234	38,955	13,905	11,120	63,981	1,823	65,804
Q3	40,803	14,223	30,989	86,015	1,780	87,795	38,745	13,891	30,207	82,843	1,842	84,685
Q4	44,199	15,039	30,033	89,270	403	89,673	42,472	15,249	28,043	85,764	501	86,265
	164,748	57,298	97,634	319,679	5,067	324,746	158,459	56,048	93,421	307,929	5,257	313,186
2025
Q1	41,008	14,583	42,006	97,598	-4,769	92,829	39,382	13,678	40,261	93,321	-4,864	88,457
Q2	42,532	15,085	30,148	87,766	1,259	89,024	40,285	14,448	27,974	82,708	1,308	84,016
Q3	42,579	15,055	34,327	91,961	6,724	98,685	39,832	14,577	32,371	86,779	7,004	93,783
Q4	46,291	15,709	35,534	97,535	1,234	98,769	43,564	15,660	32,571	91,795	1,364	93,160
	172,410	60,433	142,016	374,860	4,447	379,307	163,064	58,363	133,178	354,604	4,812	359,416

Percentage change on corresponding period of previous year
2019	4.6	9.1	107.0	46.1		46.3	2.9	5.8	99.7	42.0		42.2
2020	-9.2	12.9	-18.4	-12.1		-11.2	-9.3	11.5	-16.5	-11.2		-10.2
2021	11.9	9.3	-37.3	-14.3		-14.2	8.9	6.6	-39.9	-17.0		-16.8
2022	18.5	8.6	11.2	14.0		15.6	10.8	2.5	2.8	6.3		7.7
2023	13.6	10.1	18.6	14.9		14.6	5.0	5.0	13.4	8.1		8.0
2024	7.0	7.7	-25.2	-5.3		-6.4	2.9	5.3	-28.5	-8.8		-9.8
2025	4.7	5.5	45.5	17.3		16.8	2.9	4.1	42.6	15.2		14.8

2019
Q1	4.6	8.5	13.6	8.1		6.2	3.0	7.2	12.5	6.6		4.8
Q2	5.0	9.4	249.1	88.2		86.5	3.3	4.9	241.7	83.9		82.2
Q3	4.3	8.2	12.1	7.7		9.8	2.8	5.9	9.5	5.6		7.6
Q4	4.4	10.4	127.4	69.6		72.2	2.5	5.4	115.4	62.4		65.1
2020
Q1	-3.6	6.5	344.4	113.3		113.0	-5.2	3.2	330.7	108.3		107.9
Q2	-18.4	14.3	-71.9	-48.9		-47.4	-18.1	14.6	-71.6	-48.8		-46.9
Q3	-6.0	12.2	9.3	2.5		1.3	-6.1	10.9	13.8	3.7		2.6
Q4	-8.9	18.3	-59.2	-42.4		-41.8	-8.2	17.3	-56.1	-39.9		-39.2
2021
Q1	-3.6	14.8	-77.2	-52.9		-52.2	-3.8	17.0	-77.5	-52.9		-52.1
Q2	21.7	8.6	16.8	17.3		14.9	18.7	5.0	11.8	14.1		11.1
Q3	13.1	9.8	-13.5	2.0		6.4	9.8	1.6	-21.1	-3.6		0.9
Q4	17.8	4.6	6.3	10.2		7.8	12.2	4.2	-0.5	4.7		2.6
2022
Q1	23.2	8.5	24.1	20.6		19.4	16.7	-1.5	15.1	12.4		11.4
Q2	20.3	6.3	33.3	22.1		29.7	12.2	1.6	24.8	14.4		21.7
Q3	15.2	5.4	44.0	23.1		21.1	7.2	6.6	36.9	16.8		14.6
Q4	16.4	14.2	-22.3	-2.6		-1.3	8.1	3.5	-30.3	-11.1		-9.9
2023
Q1	15.7	9.6	22.4	16.9		15.6	8.5	3.1	16.4	10.2		8.9
Q2	15.5	10.8	8.5	12.1		9.7	6.8	3.4	2.0	4.4		2.6
Q3	12.0	9.8	-5.4	4.9		6.5	1.6	1.3	-10.5	-3.1		-0.8
Q4	11.7	10.4	47.3	25.2		26.0	3.4	11.9	44.2	20.5		21.1
2024
Q1	8.7	7.7	-8.3	2.5		2.8	1.7	4.6	-12.4	-2.7		-2.2
Q2	7.7	9.5	-60.1	-16.6		-18.1	3.0	6.9	-61.4	-19.6		-20.9
Q3	6.3	8.3	10.0	7.9		4.9	3.4	6.3	8.1	5.6		2.1
Q4	5.7	5.3	-34.9	-12.7		-13.0	3.6	3.6	-39.6	-16.2		-16.0
2025
Q1	4.7	6.8	67.6	25.3		17.4	2.9	5.2	67.4	23.9		15.7
Q2	4.8	4.9	161.1	32.0		30.5	3.4	3.9	151.6	29.3		27.7
Q3	4.4	5.9	10.8	6.9		12.4	2.8	4.9	7.2	4.8		10.7
Q4	4.7	4.5	18.3	9.3		10.1	2.6	2.7	16.1	7.0		8.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2025 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 2023) - Seasonally Adjusted

Table 5.3 Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)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
2019
Q1	27,660	8,835	19,339	55,834	1,036	56,870	33,089	10,285	23,672	66,878	971	67,845
Q2	27,965	8,976	61,747	98,689	-318	98,370	33,529	10,365	72,385	116,369	-239	115,491
Q3	28,112	9,140	21,848	59,099	1,174	60,273	33,566	10,651	25,289	69,344	1,056	70,412
Q4	28,635	9,118	90,337	128,091	-105	127,986	33,991	10,339	101,482	146,055	-120	145,191
2020
Q1	26,730	9,412	80,827	116,969	2,067	119,036	31,341	10,624	93,801	136,273	1,926	138,060
Q2	22,765	10,240	17,819	50,825	1,267	52,091	27,454	11,848	21,311	60,361	1,514	61,976
Q3	26,411	10,301	23,837	60,549	485	61,034	31,373	11,886	28,680	71,684	509	71,997
Q4	26,084	10,746	35,295	72,124	775	72,900	31,128	12,053	42,204	85,297	793	85,903
2021
Q1	25,842	10,809	19,727	56,378	1,811	58,189	30,177	12,461	23,644	66,327	1,859	68,240
Q2	27,686	11,100	20,769	59,555	261	59,815	32,388	12,426	23,564	68,399	224	68,447
Q3	29,884	11,383	20,512	61,779	3,162	64,941	34,464	12,155	22,379	68,991	3,338	72,577
Q4	30,678	11,175	37,665	79,518	-955	78,563	34,926	12,421	41,965	89,276	-903	87,980
2022
Q1	31,913	11,739	24,308	67,960	1,520	69,479	35,264	12,358	27,193	74,781	1,550	76,294
Q2	33,225	11,792	27,296	72,312	4,796	77,108	36,199	12,620	28,675	77,463	4,703	82,363
Q3	34,514	12,056	29,621	76,191	2,625	78,816	37,176	13,004	30,726	80,885	2,556	83,466
Q4	35,655	12,697	28,916	77,268	120	77,388	37,724	12,713	28,726	79,112	85	79,038
2023
Q1	36,980	12,870	29,266	79,116	878	79,994	38,391	12,833	30,995	82,188	824	82,897
Q2	38,255	13,065	29,366	80,685	3,574	84,259	38,479	13,057	28,916	80,391	3,536	84,033
Q3	38,761	13,285	28,028	80,074	4,004	84,078	38,038	13,228	27,543	78,737	4,306	83,216
Q4	39,815	13,964	44,150	97,930	832	98,762	38,903	14,065	43,356	96,489	622	96,947
2024
Q1	40,249	13,862	26,867	80,978	1,148	82,126	39,147	13,488	27,524	80,158	1,091	81,250
Q2	41,091	14,322	11,693	67,106	1,736	68,842	39,440	13,960	11,052	64,453	1,823	66,276
Q3	41,273	14,409	30,789	86,471	1,780	88,251	39,588	14,053	29,501	83,141	1,842	84,984
Q4	42,069	14,685	28,250	85,004	403	85,406	40,223	14,444	25,434	80,101	501	80,602
2025
Q1	42,155	14,809	43,802	100,766	-4,769	95,997	40,312	14,254	43,789	98,355	-4,864	93,490
Q2	42,993	15,024	30,332	88,349	1,259	89,608	40,682	14,525	27,813	83,019	1,308	84,328
Q3	43,143	15,257	34,034	92,434	6,724	99,158	40,828	14,741	31,535	87,104	7,004	94,107
Q4	44,038	15,330	34,120	93,487	1,234	94,721	41,197	14,789	30,096	86,082	1,364	87,446

Percentage change on previous quarter
2019
Q1	0.9	6.8	-50.0	-24.9		-22.2	-0.1	4.6	-47.6	-23.9		-21.0
Q2	1.1	1.6	219.3	76.8		73.0	1.3	0.8	205.8	74.0		70.2
Q3	0.5	1.8	-64.6	-40.1		-38.7	0.1	2.8	-65.1	-40.4		-39.0
Q4	1.9	-0.2	313.5	116.7		112.3	1.3	-2.9	301.3	110.6		106.2
2020
Q1	-6.7	3.2	-10.5	-8.7		-7.0	-7.8	2.8	-7.6	-6.7		-4.9
Q2	-14.8	8.8	-78.0	-56.5		-56.2	-12.4	11.5	-77.3	-55.7		-55.1
Q3	16.0	0.6	33.8	19.1		17.2	14.3	0.3	34.6	18.8		16.2
Q4	-1.2	4.3	48.1	19.1		19.4	-0.8	1.4	47.2	19.0		19.3
2021
Q1	-0.9	0.6	-44.1	-21.8		-20.2	-3.1	3.4	-44.0	-22.2		-20.6
Q2	7.1	2.7	5.3	5.6		2.8	7.3	-0.3	-0.3	3.1		0.3
Q3	7.9	2.6	-1.2	3.7		8.6	6.4	-2.2	-5.0	0.9		6.0
Q4	2.7	-1.8	83.6	28.7		21.0	1.3	2.2	87.5	29.4		21.2
2022
Q1	4.0	5.0	-35.5	-14.5		-11.6	1.0	-0.5	-35.2	-16.2		-13.3
Q2	4.1	0.5	12.3	6.4		11.0	2.6	2.1	5.5	3.6		8.0
Q3	3.9	2.2	8.5	5.4		2.2	2.7	3.0	7.2	4.4		1.3
Q4	3.3	5.3	-2.4	1.4		-1.8	1.5	-2.2	-6.5	-2.2		-5.3
2023
Q1	3.7	1.4	1.2	2.4		3.4	1.8	0.9	7.9	3.9		4.9
Q2	3.4	1.5	0.3	2.0		5.3	0.2	1.7	-6.7	-2.2		1.4
Q3	1.3	1.7	-4.6	-0.8		-0.2	-1.1	1.3	-4.7	-2.1		-1.0
Q4	2.7	5.1	57.5	22.3		17.5	2.3	6.3	57.4	22.5		16.5
2024
Q1	1.1	-0.7	-39.1	-17.3		-16.8	0.6	-4.1	-36.5	-16.9		-16.2
Q2	2.1	3.3	-56.5	-17.1		-16.2	0.7	3.5	-59.8	-19.6		-18.4
Q3	0.4	0.6	163.3	28.9		28.2	0.4	0.7	166.9	29.0		28.2
Q4	1.9	1.9	-8.2	-1.7		-3.2	1.6	2.8	-13.8	-3.7		-5.2
2025
Q1	0.2	0.8	55.1	18.5		12.4	0.2	-1.3	72.2	22.8		16.0
Q2	2.0	1.5	-30.8	-12.3		-6.7	0.9	1.9	-36.5	-15.6		-9.8
Q3	0.4	1.5	12.2	4.6		10.7	0.4	1.5	13.4	4.9		11.6
Q4	2.1	0.5	0.3	1.1		-4.5	0.9	0.3	-4.6	-1.2		-7.1
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2025 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 2023) - Non-Seasonally Adjusted

Table 5.4 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)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
2019	112,422	36,078	41,315	189,815	1,788	191,603	134,038	41,566	53,916	229,121	1,668	229,605
2020	102,101	40,725	37,634	180,460	4,594	185,053	121,518	46,365	48,258	216,241	4,742	220,767
2021	114,296	44,493	43,175	201,964	4,279	206,243	132,360	49,439	51,804	233,705	4,519	237,896
2022	135,461	48,314	52,344	236,119	9,061	245,180	146,605	50,683	56,021	253,302	8,895	262,210
2023	153,926	53,217	61,754	268,898	9,288	278,186	153,926	53,217	61,754	268,898	9,288	278,186
2024	164,748	57,298	61,789	283,835	5,067	288,902	158,459	56,048	59,133	273,641	5,257	278,898
2025	172,410	60,433	70,611	303,455	4,447	307,902	163,064	58,363	65,559	286,985	4,812	291,797

2019
Q1	27,191	8,728	9,559	45,477	1,036	46,514	32,614	10,141	12,747	55,437	971	56,327
Q2	27,295	8,988	9,156	45,439	-318	45,121	32,470	10,287	12,033	54,788	-239	54,036
Q3	27,974	9,208	11,236	48,418	1,174	49,592	33,355	10,731	14,667	58,565	1,056	59,546
Q4	29,962	9,155	11,364	50,481	-105	50,376	35,599	10,406	14,469	60,331	-120	59,697
	112,422	36,078	41,315	189,815	1,788	191,603	134,038	41,566	53,916	229,121	1,668	229,605
2020
Q1	26,208	9,291	9,546	45,045	2,067	47,112	30,911	10,470	12,065	53,424	1,926	55,511
Q2	22,279	10,270	7,214	39,763	1,267	41,030	26,597	11,784	9,603	48,156	1,514	49,753
Q3	26,305	10,334	10,510	47,149	485	47,634	31,337	11,906	13,526	56,711	509	56,954
Q4	27,309	10,830	10,363	48,502	775	49,277	32,674	12,204	13,064	57,949	793	58,549
	102,101	40,725	37,634	180,460	4,594	185,053	121,518	46,365	48,258	216,241	4,742	220,767
2021
Q1	25,269	10,662	9,555	45,485	1,811	47,297	29,731	12,250	11,771	53,827	1,859	55,738
Q2	27,120	11,150	9,841	48,112	261	48,373	31,563	12,376	12,182	56,187	224	56,199
Q3	29,744	11,349	11,231	52,324	3,162	55,486	34,402	12,094	13,416	59,903	3,338	63,496
Q4	32,163	11,332	12,548	56,043	-955	55,088	36,664	12,719	14,434	63,788	-903	62,464
	114,296	44,493	43,175	201,964	4,279	206,243	132,360	49,439	51,804	233,705	4,519	237,896
2022
Q1	31,131	11,565	11,865	54,561	1,520	56,081	34,683	12,064	13,049	59,805	1,550	61,308
Q2	32,625	11,853	13,918	58,396	4,796	63,192	35,412	12,572	15,065	63,005	4,703	67,942
Q3	34,277	11,959	13,981	60,218	2,625	62,843	36,879	12,890	14,979	64,721	2,556	67,307
Q4	37,428	12,936	12,580	62,944	120	63,064	39,631	13,158	12,927	65,770	85	65,654
	135,461	48,314	52,344	236,119	9,061	245,180	146,605	50,683	56,021	253,302	8,895	262,210
2023
Q1	36,028	12,678	15,835	64,541	878	65,419	37,636	12,435	16,004	66,064	824	66,757
Q2	37,674	13,130	14,982	65,786	3,574	69,360	37,823	13,002	15,072	65,895	3,536	69,544
Q3	38,401	13,130	15,660	67,191	4,004	71,195	37,483	13,062	15,626	66,175	4,306	70,662
Q4	41,823	14,280	15,277	71,380	832	72,212	40,984	14,718	15,053	70,764	622	71,223
	153,926	53,217	61,754	268,898	9,288	278,186	153,926	53,217	61,754	268,898	9,288	278,186
2024
Q1	39,178	13,653	15,671	68,502	1,148	69,651	38,287	13,003	15,014	66,304	1,091	67,395
Q2	40,568	14,382	14,800	69,751	1,736	71,487	38,955	13,905	14,232	67,093	1,823	68,916
Q3	40,803	14,223	16,330	71,356	1,780	73,136	38,745	13,891	15,812	68,448	1,842	70,290
Q4	44,199	15,039	14,988	74,226	403	74,628	42,472	15,249	14,075	71,796	501	72,296
	164,748	57,298	61,789	283,835	5,067	288,902	158,459	56,048	59,133	273,641	5,257	278,898
2025
Q1	41,008	14,583	16,678	72,269	-4,769	67,501	39,382	13,678	15,421	68,481	-4,864	63,617
Q2	42,532	15,085	16,260	73,877	1,259	75,136	40,285	14,448	15,229	69,963	1,308	71,271
Q3	42,579	15,055	18,847	76,481	6,724	83,204	39,832	14,577	17,561	71,970	7,004	78,973
Q4	46,291	15,709	18,827	80,827	1,234	82,061	43,564	15,660	17,347	76,571	1,364	77,935
	172,410	60,433	70,611	303,455	4,447	307,902	163,064	58,363	65,559	286,985	4,812	291,797

Percentage change on corresponding period of previous year
2019	4.6	9.1	0.4	4.5		4.9	2.9	5.8	-2.7	2.1		2.6
2020	-9.2	12.9	-8.9	-4.9		-3.4	-9.3	11.5	-10.5	-5.6		-3.8
2021	11.9	9.3	14.7	11.9		11.5	8.9	6.6	7.3	8.1		7.8
2022	18.5	8.6	21.2	16.9		18.9	10.8	2.5	8.1	8.4		10.2
2023	13.6	10.1	18.0	13.9		13.5	5.0	5.0	10.2	6.2		6.1
2024	7.0	7.7	0.1	5.6		3.9	2.9	5.3	-4.2	1.8		0.3
2025	4.7	5.5	14.3	6.9		6.6	2.9	4.1	10.9	4.9		4.6

2019
Q1	4.6	8.5	-1.8	3.9		1.9	3.0	7.2	-4.5	2.0		0.2
Q2	5.0	9.4	-9.9	2.4		1.0	3.3	4.9	-12.5	-0.0		-1.3
Q3	4.3	8.2	7.2	5.7		8.3	2.8	5.9	4.6	3.8		6.2
Q4	4.4	10.4	5.3	5.7		8.3	2.5	5.4	1.2	2.7		5.3
2020
Q1	-3.6	6.5	-0.1	-1.0		1.3	-5.2	3.2	-5.3	-3.6		-1.4
Q2	-18.4	14.3	-21.2	-12.5		-9.1	-18.1	14.6	-20.2	-12.1		-7.9
Q3	-6.0	12.2	-6.5	-2.6		-3.9	-6.1	10.9	-7.8	-3.2		-4.4
Q4	-8.9	18.3	-8.8	-3.9		-2.2	-8.2	17.3	-9.7	-3.9		-1.9
2021
Q1	-3.6	14.8	0.1	1.0		0.4	-3.8	17.0	-2.4	0.8		0.4
Q2	21.7	8.6	36.4	21.0		17.9	18.7	5.0	26.9	16.7		13.0
Q3	13.1	9.8	6.9	11.0		16.5	9.8	1.6	-0.8	5.6		11.5
Q4	17.8	4.6	21.1	15.5		11.8	12.2	4.2	10.5	10.1		6.7
2022
Q1	23.2	8.5	24.2	20.0		18.6	16.7	-1.5	10.9	11.1		10.0
Q2	20.3	6.3	41.4	21.4		30.6	12.2	1.6	23.7	12.1		20.9
Q3	15.2	5.4	24.5	15.1		13.3	7.2	6.6	11.6	8.0		6.0
Q4	16.4	14.2	0.3	12.3		14.5	8.1	3.5	-10.4	3.1		5.1
2023
Q1	15.7	9.6	33.5	18.3		16.7	8.5	3.1	22.6	10.5		8.9
Q2	15.5	10.8	7.6	12.7		9.8	6.8	3.4	0.0	4.6		2.4
Q3	12.0	9.8	12.0	11.6		13.3	1.6	1.3	4.3	2.2		5.0
Q4	11.7	10.4	21.4	13.4		14.5	3.4	11.9	16.4	7.6		8.5
2024
Q1	8.7	7.7	-1.0	6.1		6.5	1.7	4.6	-6.2	0.4		1.0
Q2	7.7	9.5	-1.2	6.0		3.1	3.0	6.9	-5.6	1.8		-0.9
Q3	6.3	8.3	4.3	6.2		2.7	3.4	6.3	1.2	3.4		-0.5
Q4	5.7	5.3	-1.9	4.0		3.3	3.6	3.6	-6.5	1.5		1.5
2025
Q1	4.7	6.8	6.4	5.5		-3.1	2.9	5.2	2.7	3.3		-5.6
Q2	4.8	4.9	9.9	5.9		5.1	3.4	3.9	7.0	4.3		3.4
Q3	4.4	5.9	15.4	7.2		13.8	2.8	4.9	11.1	5.1		12.4
Q4	4.7	4.5	25.6	8.9		10.0	2.6	2.7	23.2	6.7		7.8
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2025 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 2023) - Seasonally Adjusted

Table 5.5 Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2023)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
2019
Q1	27,660	8,835	9,913	46,407	1,036	47,444	33,089	10,285	13,494	56,755	971	57,635
Q2	27,965	8,976	9,757	46,699	-318	46,380	33,529	10,365	12,758	56,610	-239	55,841
Q3	28,112	9,140	10,781	48,033	1,174	49,207	33,566	10,651	14,021	58,106	1,056	59,090
Q4	28,635	9,118	10,806	48,559	-105	48,454	33,991	10,339	13,540	57,772	-120	57,157
2020
Q1	26,730	9,412	9,876	46,018	2,067	48,085	31,341	10,624	12,738	54,643	1,926	56,722
Q2	22,765	10,240	7,669	40,675	1,267	41,942	27,454	11,848	10,158	49,599	1,514	51,186
Q3	26,411	10,301	10,059	46,771	485	47,256	31,373	11,886	12,934	56,177	509	56,423
Q4	26,084	10,746	9,998	46,828	775	47,603	31,128	12,053	12,168	55,394	793	56,012
2021
Q1	25,842	10,809	9,576	46,227	1,811	48,039	30,177	12,461	12,224	54,917	1,859	56,823
Q2	27,686	11,100	10,376	49,162	261	49,423	32,388	12,426	12,777	57,623	224	57,630
Q3	29,884	11,383	10,718	51,985	3,162	55,146	34,464	12,155	12,729	59,384	3,338	62,978
Q4	30,678	11,175	12,288	54,141	-955	53,187	34,926	12,421	13,628	60,971	-903	59,662
2022
Q1	31,913	11,739	11,922	55,574	1,520	57,094	35,264	12,358	13,635	61,259	1,550	62,758
Q2	33,225	11,792	14,425	59,441	4,796	64,237	36,199	12,620	15,546	64,312	4,703	69,241
Q3	34,514	12,056	13,458	60,028	2,625	62,654	37,176	13,004	14,277	64,461	2,556	67,047
Q4	35,655	12,697	12,603	60,956	120	61,076	37,724	12,713	12,675	63,158	85	63,053
2023
Q1	36,980	12,870	15,765	65,615	878	66,493	38,391	12,833	16,444	67,661	824	68,349
Q2	38,255	13,065	15,382	66,701	3,574	70,275	38,479	13,057	15,467	66,997	3,536	70,643
Q3	38,761	13,285	15,139	67,185	4,004	71,189	38,038	13,228	15,160	66,427	4,306	70,914
Q4	39,815	13,964	15,684	69,464	832	70,296	38,903	14,065	14,900	67,880	622	68,348
2024
Q1	40,249	13,862	15,398	69,509	1,148	70,657	39,147	13,488	15,403	68,037	1,091	69,129
Q2	41,091	14,322	15,035	70,448	1,736	72,184	39,440	13,960	14,545	67,945	1,823	69,768
Q3	41,273	14,409	15,765	71,447	1,780	73,227	39,588	14,053	15,174	68,815	1,842	70,657
Q4	42,069	14,685	15,523	72,277	403	72,680	40,223	14,444	14,027	68,694	501	69,195
2025
Q1	42,155	14,809	16,398	73,362	-4,769	68,593	40,312	14,254	15,898	70,464	-4,864	65,599
Q2	42,993	15,024	16,576	74,593	1,259	75,851	40,682	14,525	15,493	70,700	1,308	72,009
Q3	43,143	15,257	18,233	76,633	6,724	83,357	40,828	14,741	16,929	72,498	7,004	79,502
Q4	44,038	15,330	19,647	79,014	1,234	80,248	41,197	14,789	17,239	73,224	1,364	74,589

Percentage change on previous quarter
2019
Q1	0.9	6.8	-4.1	0.8		6.0	-0.1	4.6	0.6	0.9		6.4
Q2	1.1	1.6	-1.6	0.6		-2.2	1.3	0.8	-5.5	-0.3		-3.1
Q3	0.5	1.8	10.5	2.9		6.1	0.1	2.8	9.9	2.6		5.8
Q4	1.9	-0.2	0.2	1.1		-1.5	1.3	-2.9	-3.4	-0.6		-3.3
2020
Q1	-6.7	3.2	-8.6	-5.2		-0.8	-7.8	2.8	-5.9	-5.4		-0.8
Q2	-14.8	8.8	-22.3	-11.6		-12.8	-12.4	11.5	-20.3	-9.2		-9.8
Q3	16.0	0.6	31.2	15.0		12.7	14.3	0.3	27.3	13.3		10.2
Q4	-1.2	4.3	-0.6	0.1		0.7	-0.8	1.4	-5.9	-1.4		-0.7
2021
Q1	-0.9	0.6	-4.2	-1.3		0.9	-3.1	3.4	0.5	-0.9		1.4
Q2	7.1	2.7	8.4	6.3		2.9	7.3	-0.3	4.5	4.9		1.4
Q3	7.9	2.6	3.3	5.7		11.6	6.4	-2.2	-0.4	3.1		9.3
Q4	2.7	-1.8	14.7	4.1		-3.6	1.3	2.2	7.1	2.7		-5.3
2022
Q1	4.0	5.0	-3.0	2.6		7.3	1.0	-0.5	0.1	0.5		5.2
Q2	4.1	0.5	21.0	7.0		12.5	2.6	2.1	14.0	5.0		10.3
Q3	3.9	2.2	-6.7	1.0		-2.5	2.7	3.0	-8.2	0.2		-3.2
Q4	3.3	5.3	-6.4	1.5		-2.5	1.5	-2.2	-11.2	-2.0		-6.0
2023
Q1	3.7	1.4	25.1	7.6		8.9	1.8	0.9	29.7	7.1		8.4
Q2	3.4	1.5	-2.4	1.7		5.7	0.2	1.7	-5.9	-1.0		3.4
Q3	1.3	1.7	-1.6	0.7		1.3	-1.1	1.3	-2.0	-0.9		0.4
Q4	2.7	5.1	3.6	3.4		-1.3	2.3	6.3	-1.7	2.2		-3.6
2024
Q1	1.1	-0.7	-1.8	0.1		0.5	0.6	-4.1	3.4	0.2		1.1
Q2	2.1	3.3	-2.4	1.4		2.2	0.7	3.5	-5.6	-0.1		0.9
Q3	0.4	0.6	4.9	1.4		1.4	0.4	0.7	4.3	1.3		1.3
Q4	1.9	1.9	-1.5	1.2		-0.7	1.6	2.8	-7.6	-0.2		-2.1
2025
Q1	0.2	0.8	5.6	1.5		-5.6	0.2	-1.3	13.3	2.6		-5.2
Q2	2.0	1.5	1.1	1.7		10.6	0.9	1.9	-2.5	0.3		9.8
Q3	0.4	1.5	10.0	2.7		9.9	0.4	1.5	9.3	2.5		10.4
Q4	2.1	0.5	7.8	3.1		-3.7	0.9	0.3	1.8	1.0		-6.2
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 2025 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
2019	4,344	2,880	16,229	1,505	9,849	6,509	41,315	16,086	136,154
2020	4,417	2,705	14,871	1,162	7,834	6,646	37,634	9,948	110,407
2021	4,412	5,114	15,426	1,472	9,909	6,842	43,175	10,682	45,149
2022	7,531	5,707	15,973	1,891	13,773	7,469	52,344	12,847	44,910
2023	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024	10,311	7,810	16,316	1,591	13,476	12,286	61,789	12,074	23,771
2025	13,089	8,906	17,272	1,762	15,191	14,390	70,611	12,101	59,304

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/a	n/a	9,156	n/a	n/a
Q3	1,253	808	4,503	381	n/a	n/a	11,236	n/a	n/a
Q4	1,117	691	5,228	450	n/a	n/a	11,364	n/a	n/a
	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/a	n/a	9,546	n/a	n/a
Q2	683	550	2,351	193	n/a	n/a	7,214	n/a	n/a
Q3	1,159	774	4,214	216	2,341	1,806	10,510	2,369	11,007
Q4	1,411	889	4,685	378	1,898	1,102	10,363	4,167	23,399
	4,417	2,705	14,871	1,162	7,834	6,646	37,634	9,948	110,407
2021
Q1	911	871	2,593	331	2,940	1,908	9,555	2,287	6,152
Q2	1,096	1,303	3,126	359	2,114	1,843	9,841	3,205	6,975
Q3	1,058	1,358	4,479	331	2,237	1,766	11,231	1,698	7,728
Q4	1,346	1,582	5,227	450	2,618	1,324	12,548	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	1,251	3,234	416	3,343	2,120	11,865	2,311	8,153
Q2	1,969	1,371	3,610	437	n/a	n/a	13,918	n/a	n/a
Q3	2,011	1,482	4,525	590	n/a	n/a	13,981	n/a	n/a
Q4	2,051	1,603	4,604	448	2,412	1,462	12,580	4,992	13,749
	7,531	5,707	15,973	1,891	13,773	7,469	52,344	12,847	44,910
2023
Q1	2,146	1,902	3,730	376	4,274	3,407	15,835	2,769	8,724
Q2	2,260	1,868	3,950	370	3,812	2,722	14,982	4,035	9,943
Q3	2,758	1,991	4,595	394	3,651	2,271	15,660	2,698	9,805
Q4	2,752	2,201	4,421	421	3,014	2,469	15,277	4,864	26,004
	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024
Q1	2,123	1,849	3,233	335	4,272	3,859	15,671	787	8,608
Q2	2,365	1,781	3,877	381	n/a	n/a	14,800	n/a	n/a
Q3	3,276	2,046	4,575	374	3,110	2,949	16,330	3,905	10,754
Q4	2,547	2,134	4,632	500	n/a	n/a	14,988	n/a	n/a
	10,311	7,810	16,316	1,591	13,476	12,286	61,789	12,074	23,771
2025
Q1	2,277	2,137	3,890	403	4,036	3,934	16,678	2,737	22,592
Q2	3,408	2,140	4,142	427	3,543	2,601	16,260	2,600	11,288
Q3	3,587	2,194	4,801	426	3,661	4,177	18,847	2,988	12,493
Q4	3,817	2,435	4,439	506	3,951	3,679	18,827	3,776	12,932
	13,089	8,906	17,272	1,762	15,191	14,390	70,611	12,101	59,304

Percentage change on corresponding period of previous year
2019	11.4	-10.6	15.2	8.4	-12.0	-11.8	0.4	5.1	267.7
2020	1.7	-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	11.6	3.5	28.4	39.0	9.2	21.2	20.3	-0.5
2023	31.7	39.5	4.5	-17.5	7.1	45.5	18.0	11.8	21.3
2024	4.0	-1.9	-2.3	2.0	-8.6	13.0	0.1	-16.0	-56.4
2025	26.9	14.0	5.9	10.8	12.7	17.1	14.3	0.2	149.5

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/a	n/a	-9.9	n/a	n/a
Q3	14.7	3.7	15.0	10.6	n/a	n/a	7.2	n/a	n/a
Q4	10.0	-4.1	18.3	11.6	n/a	n/a	5.3	n/a	n/a
2020
Q1	21.3	-29.8	17.1	12.7	n/a	n/a	-0.1	n/a	n/a
Q2	-32.7	-19.4	-31.0	-43.3	n/a	n/a	-21.2	n/a	n/a
Q3	-7.5	-4.1	-6.4	-43.3	n/a	n/a	-6.5	n/a	n/a
Q4	26.3	28.6	-10.4	-16.1	n/a	n/a	-8.8	n/a	n/a
2021
Q1	-21.7	77.5	-28.4	-11.6	n/a	n/a	0.1	n/a	n/a
Q2	60.4	136.8	33.0	86.1	n/a	n/a	36.4	n/a	n/a
Q3	-8.7	75.4	6.3	53.5	-4.4	-2.2	6.9	-28.3	-29.8
Q4	-4.6	77.9	11.6	19.0	38.0	20.2	21.1	-16.2	3.8
2022
Q1	64.7	43.7	24.7	25.4	13.7	11.1	24.2	1.0	32.5
Q2	79.7	5.2	15.5	21.5	n/a	n/a	41.4	n/a	n/a
Q3	90.0	9.1	1.0	78.1	n/a	n/a	24.5	n/a	n/a
Q4	52.3	1.3	-11.9	-0.5	-7.9	10.4	0.3	43.0	-43.4
2023
Q1	43.1	52.0	15.3	-9.6	27.8	60.7	33.5	19.8	7.0
Q2	14.8	36.3	9.4	-15.4	n/a	n/a	7.6	n/a	n/a
Q3	37.1	34.4	1.6	-33.3	n/a	n/a	12.0	n/a	n/a
Q4	34.2	37.3	-4.0	-6.0	25.0	68.8	21.4	-2.6	89.1
2024
Q1	-1.1	-2.8	-13.3	-10.8	-0.0	13.3	-1.0	-71.6	-1.3
Q2	4.6	-4.7	-1.9	3.0	n/a	n/a	-1.2	n/a	n/a
Q3	18.8	2.8	-0.5	-5.0	-14.8	29.8	4.3	44.7	9.7
Q4	-7.5	-3.0	4.8	19.0	n/a	n/a	-1.9	n/a	n/a
2025
Q1	7.3	15.6	20.3	20.3	-5.5	1.9	6.4	247.8	162.5
Q2	44.1	20.1	6.8	12.1	n/a	n/a	9.9	n/a	n/a
Q3	9.5	7.2	5.0	14.0	17.7	41.6	15.4	-23.5	16.2
Q4	49.9	14.1	-4.1	1.1	n/a	n/a	25.6	n/a	n/a
n/a Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q4 2025 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 2023) - Non-Seasonally Adjusted

Table 5.7 Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2023)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
2019	7,522	3,895	21,946	1,931	10,444	8,112	53,916	18,885	142,182
2020	7,238	3,552	19,529	1,475	8,573	8,098	48,258	11,528	119,965
2021	6,777	6,053	18,265	1,716	10,938	7,798	51,804	12,053	47,973
2022	9,338	5,997	16,782	1,962	14,159	7,817	56,021	13,658	45,645
2023	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024	9,499	7,584	15,843	1,490	13,240	11,477	59,133	11,731	22,557
2025	11,345	8,373	16,285	1,541	14,956	13,058	65,559	11,730	55,889

2019
Q1	1,680	985	4,342	432	3,007	2,053	12,747	4,129	5,125
Q2	1,768	943	4,706	440	n/a	n/a	12,033	n/a	n/a
Q3	2,151	1,098	6,146	485	n/a	n/a	14,667	n/a	n/a
Q4	1,923	869	6,753	575	n/a	n/a	14,469	n/a	n/a
	7,522	3,895	21,946	1,931	10,444	8,112	53,916	18,885	142,182
2020
Q1	1,925	619	4,684	478	n/a	n/a	12,065	n/a	n/a
Q2	1,124	805	3,316	247	n/a	n/a	9,603	n/a	n/a
Q3	1,895	997	5,491	275	2,554	2,306	13,526	2,750	12,913
Q4	2,293	1,131	6,039	476	2,109	1,277	13,064	4,814	27,287
	7,238	3,552	19,529	1,475	8,573	8,098	48,258	11,528	119,965
2021
Q1	1,427	1,070	3,236	408	3,242	2,127	11,771	2,612	6,445
Q2	1,710	1,639	3,888	433	2,342	2,155	12,182	3,638	7,063
Q3	1,626	1,586	5,259	380	2,470	2,074	13,416	1,912	7,830
Q4	2,015	1,759	5,882	495	2,884	1,441	14,434	3,891	26,635
	6,777	6,053	18,265	1,716	10,938	7,798	51,804	12,053	47,973
2022
Q1	1,935	1,348	3,509	445	3,582	2,150	13,049	2,554	8,189
Q2	2,491	1,438	3,812	460	n/a	n/a	15,065	n/a	n/a
Q3	2,476	1,580	4,765	604	n/a	n/a	14,979	n/a	n/a
Q4	2,436	1,631	4,697	453	2,380	1,480	12,927	5,158	13,899
	9,338	5,997	16,782	1,962	14,159	7,817	56,021	13,658	45,645
2023
Q1	2,218	1,936	3,777	380	4,278	3,350	16,004	2,807	8,802
Q2	2,292	1,866	3,949	376	3,819	2,745	15,072	4,044	9,771
Q3	2,736	1,975	4,577	394	3,648	2,334	15,626	2,687	9,736
Q4	2,671	2,185	4,394	410	3,005	2,441	15,053	4,828	26,167
	9,916	7,962	16,697	1,560	14,750	10,869	61,754	14,366	54,475
2024
Q1	2,005	1,813	3,180	325	4,193	3,499	15,014	769	8,268
Q2	2,212	1,717	3,760	364	n/a	n/a	14,232	n/a	n/a
Q3	2,990	2,027	4,489	348	3,071	2,887	15,812	3,786	10,609
Q4	2,292	2,026	4,415	454	n/a	n/a	14,075	n/a	n/a
	9,499	7,584	15,843	1,490	13,240	11,477	59,133	11,731	22,557
2025
Q1	2,027	2,026	3,698	363	3,907	3,400	15,421	2,667	22,173
Q2	3,000	2,025	3,929	379	3,474	2,422	15,229	2,523	10,222
Q3	3,085	2,056	4,513	369	3,606	3,933	17,561	2,895	11,915
Q4	3,233	2,267	4,145	430	3,969	3,303	17,347	3,646	11,578
	11,345	8,373	16,285	1,541	14,956	13,058	65,559	11,730	55,889

Percentage change on corresponding period of previous year
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	7.3	4.6	-60.0
2022	37.8	-0.9	-8.1	14.3	29.5	0.3	8.1	13.3	-4.9
2023	6.2	32.8	-0.5	-20.5	4.2	39.0	10.2	5.2	19.3
2024	-4.2	-4.8	-5.1	-4.5	-10.2	5.6	-4.2	-18.3	-58.6
2025	19.4	10.4	2.8	3.4	13.0	13.8	10.9	-0.0	147.8

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/a	n/a	-12.5	n/a	n/a
Q3	17.3	-2.1	9.2	7.1	n/a	n/a	4.6	n/a	n/a
Q4	13.7	-13.3	8.9	9.1	n/a	n/a	1.2	n/a	n/a
2020
Q1	14.6	-37.1	7.9	10.7	n/a	n/a	-5.3	n/a	n/a
Q2	-36.4	-14.7	-29.5	-43.9	n/a	n/a	-20.2	n/a	n/a
Q3	-11.9	-9.2	-10.7	-43.3	n/a	n/a	-7.8	n/a	n/a
Q4	19.2	30.1	-10.6	-17.2	n/a	n/a	-9.7	n/a	n/a
2021
Q1	-25.9	72.7	-30.9	-14.7	n/a	n/a	-2.4	n/a	n/a
Q2	52.1	103.6	17.2	75.5	n/a	n/a	26.9	n/a	n/a
Q3	-14.2	59.2	-4.2	38.5	-3.3	-10.0	-0.8	-30.5	-39.4
Q4	-12.1	55.5	-2.6	4.1	36.8	12.8	10.5	-19.2	-2.4
2022
Q1	35.6	26.1	8.4	9.2	10.5	1.1	10.9	-2.2	27.0
Q2	45.7	-12.2	-1.9	6.3	n/a	n/a	23.7	n/a	n/a
Q3	52.3	-0.4	-9.4	58.7	n/a	n/a	11.6	n/a	n/a
Q4	20.9	-7.3	-20.2	-8.6	-17.5	2.7	-10.4	32.6	-47.8
2023
Q1	14.6	43.6	7.6	-14.6	19.4	55.8	22.6	9.9	7.5
Q2	-8.0	29.8	3.6	-18.3	n/a	n/a	0.0	n/a	n/a
Q3	10.5	25.0	-3.9	-34.7	n/a	n/a	4.3	n/a	n/a
Q4	9.7	34.0	-6.5	-9.5	26.2	64.9	16.4	-6.4	88.3
2024
Q1	-9.6	-6.4	-15.8	-14.6	-2.0	4.4	-6.2	-72.6	-6.1
Q2	-3.5	-8.0	-4.8	-3.2	n/a	n/a	-5.6	n/a	n/a
Q3	9.3	2.6	-1.9	-11.8	-15.8	23.7	1.2	40.9	9.0
Q4	-14.2	-7.3	0.5	10.9	n/a	n/a	-6.5	n/a	n/a
2025
Q1	1.1	11.7	16.3	11.7	-6.8	-2.8	2.7	246.6	168.2
Q2	35.7	17.9	4.5	4.3	n/a	n/a	7.0	n/a	n/a
Q3	3.2	1.4	0.5	6.2	17.4	36.2	11.1	-23.5	12.3
Q4	41.0	11.9	-6.1	-5.4	n/a	n/a	23.2	n/a	n/a
¹Chain linked series not additive
n/a Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q4 2025 Table 5.7 (XLS 21KB)

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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 2023) - 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 2023)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
2019
Q1	5,889	2,561	1,462	9,913	8,735	2,760	2,061	13,494
Q2	6,004	n/a	n/a	9,757	8,671	n/a	n/a	12,758
Q3	6,426	n/a	n/a	10,781	9,256	n/a	n/a	14,021
Q4	6,511	n/a	n/a	10,806	9,026	n/a	n/a	13,540
2020
Q1	6,553	n/a	n/a	9,876	8,977	n/a	n/a	12,738
Q2	4,171	n/a	n/a	7,669	6,075	n/a	n/a	10,158
Q3	5,839	2,392	1,828	10,059	8,060	2,596	2,315	12,934
Q4	6,535	2,169	1,295	9,998	8,686	2,392	1,282	12,168
2021
Q1	5,399	2,510	1,667	9,576	7,235	2,825	2,136	12,224
Q2	6,365	2,199	1,812	10,376	8,322	2,411	2,164	12,777
Q3	6,631	2,303	1,784	10,718	8,211	2,531	2,082	12,729
Q4	7,745	2,964	1,579	12,288	9,013	3,228	1,447	13,628
2022
Q1	7,263	2,831	1,829	11,922	8,437	3,076	2,159	13,635
Q2	7,884	n/a	n/a	14,425	8,621	n/a	n/a	15,546
Q3	7,960	n/a	n/a	13,458	8,592	n/a	n/a	14,277
Q4	7,987	2,851	1,765	12,603	8,464	2,815	1,486	12,675
2023
Q1	9,173	3,688	2,904	15,765	9,338	3,736	3,363	16,444
Q2	8,865	3,819	2,698	15,382	8,886	3,816	2,756	15,467
Q3	9,081	3,765	2,293	15,139	9,065	3,757	2,343	15,160
Q4	9,131	3,536	3,017	15,684	8,961	3,500	2,451	14,900
2024
Q1	8,509	3,649	3,241	15,398	8,301	3,603	3,499	15,403
Q2	8,647	n/a	n/a	15,035	8,386	n/a	n/a	14,545
Q3	9,603	3,178	2,984	15,765	9,150	3,137	2,887	15,174
Q4	9,226	n/a	n/a	15,523	8,598	n/a	n/a	14,027
2025
Q1	9,695	3,435	3,268	16,398	9,149	3,349	3,400	15,898
Q2	10,428	3,536	2,612	16,576	9,639	3,432	2,422	15,493
Q3	10,293	3,699	4,241	18,233	9,343	3,654	3,933	16,929
Q4	10,611	4,515	4,521	19,647	9,437	4,498	3,303	17,239

Percentage change on previous quarter
2019
Q1	3.2	n/a	n/a	-4.1	4.3	n/a	n/a	0.6
Q2	1.9	n/a	n/a	-1.6	-0.7	n/a	n/a	-5.5
Q3	7.0	n/a	n/a	10.5	6.7	n/a	n/a	9.9
Q4	1.3	n/a	n/a	0.2	-2.5	n/a	n/a	-3.4
2020
Q1	0.6	n/a	n/a	-8.6	-0.5	n/a	n/a	-5.9
Q2	-36.3	n/a	n/a	-22.3	-32.3	n/a	n/a	-20.3
Q3	40.0	n/a	n/a	31.2	32.7	n/a	n/a	27.3
Q4	11.9	-9.3	-29.1	-0.6	7.8	-7.8	-44.6	-5.9
2021
Q1	-17.4	15.7	28.7	-4.2	-16.7	18.1	66.6	0.5
Q2	17.9	-12.4	8.7	8.4	15.0	-14.6	1.3	4.5
Q3	4.2	4.7	-1.5	3.3	-1.3	5.0	-3.7	-0.4
Q4	16.8	28.7	-11.5	14.7	9.8	27.5	-30.5	7.1
2022
Q1	-6.2	-4.5	15.8	-3.0	-6.4	-4.7	49.2	0.1
Q2	8.6	n/a	n/a	21.0	2.2	n/a	n/a	14.0
Q3	1.0	n/a	n/a	-6.7	-0.3	n/a	n/a	-8.2
Q4	0.3	n/a	n/a	-6.4	-1.5	n/a	n/a	-11.2
2023
Q1	14.9	29.3	64.5	25.1	10.3	32.7	126.3	29.7
Q2	-3.4	3.5	-7.1	-2.4	-4.8	2.1	-18.1	-5.9
Q3	2.4	-1.4	-15.0	-1.6	2.0	-1.5	-15.0	-2.0
Q4	0.6	-6.1	31.6	3.6	-1.1	-6.8	4.6	-1.7
2024
Q1	-6.8	3.2	7.4	-1.8	-7.4	2.9	42.8	3.4
Q2	1.6	n/a	n/a	-2.4	1.0	n/a	n/a	-5.6
Q3	11.1	n/a	n/a	4.9	9.1	n/a	n/a	4.3
Q4	-3.9	n/a	n/a	-1.5	-6.0	n/a	n/a	-7.6
2025
Q1	5.1	n/a	n/a	5.6	6.4	n/a	n/a	13.3
Q2	7.6	2.9	-20.1	1.1	5.4	2.5	-28.8	-2.5
Q3	-1.3	4.6	62.4	10.0	-3.1	6.5	62.4	9.3
Q4	3.1	22.1	6.6	7.8	1.0	23.1	-16.0	1.8
¹Chain linked series not additive
²The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
n/a Data suppressed for confidentiality reasons

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Quarterly National Accounts Quarter 4 2025

Domestic Demand

Domestic Demand

Modified Domestic Demand increased by 1.0% in Q4 2025

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