Back to Top

 Skip navigation

Introduction

Introduction

Measuring Ireland's Economy: Value of Output measuring at €1.128 trillion in 2024

Online ISSN: 2009-096X
CSO statistical release, , 11am
Table 1.1 Output, Intermediate Consumption and Gross Value Added, 2022-20241
€ million % change
 202220232024 2023-2024
Output1,007,8011,020,3021,127,87110.5
Intermediate Consumption510,823521,028591,99413.6
Gross Value Added496,978499,274535,8777.3
1Preliminary figures. Output and Gross Value Added at basic prices. Excludes statistical discrepancy. Excludes NACE 99.

This publication presents Gross Value Added (GVA), a measure of economic activity, for the years 1995 to 2024 as estimated using the Output method (also known as the Production approach). The Output method is one of three ways in which GVA and Gross Domestic Product (GDP) can be calculated. Data in this publication are consistent with the Output method estimates contained in the latest Annual National Accounts 2024 (ANA24) July 2025 publication. In addition to the Output method data, the ANA was produced using the Income method and the Expenditure method, the other two methods of estimating GVA and GDP.

This publication is part of an ongoing incremental process incorporating the Output method into the Irish National Accounts alongside the Income and Expenditure methods. The NACE Rev. 2 industry sectoral classification is used in this publication for 64 industry groups (A64), 21 industry groups (A21) or 10 industry groups (A10) as appropriate for both presentational and confidentiality purposes. The composition of the A64 group is displayed in Table 1.2 below. The composition of the A21 and A10 groups are described in the relevant tables and charts and in more detail in the Background Notes chapter of this publication.

In 2024, Output (the value of all goods and services produced) at basic prices for the total economy was €1.128 trillion. The Intermediate Consumption required to produce this Output totalled €592 billion. Output (€1.128 trillion) minus Intermediate Consumption (€592 billion) resulted in Gross Value Added at basic prices of €536 billion. The constituents of Output at basic prices in 2024 were:

  • Service industries (NACE 45-98) at €717 billion (64% of the total)
  • Production industries (NACE 5-39) at €349 billion (31%)
  • Construction (NACE 41-43) at €48 billion (4%)
  • Agriculture, Forestry and Fishing (NACE 1-3) at €13.6 billion (1%). 

The following treemaps illustrate the proportional composition of total Output, Intermediate Consumption and GVA by each A21 sector in 2024. Clicking on a treemap enlarges the image and offers options to look at the treemaps as a slideshow. They illustrate the large contribution to the total made by the Manufacturing (C) and Information & Communication (J) sectors in 2024 across all three items. 

Figure 1.1 Proportional composition of Output, Intermediate Consumption and Gross Value Added by A21 sector, 2024

(click on the thumbnail images below to expand these treemaps and view as a slideshow)

Intermediate ConsumptionGross Value Added
Construction33.755201001403714.311988058595
Information and Communication208.360452966137111.214921421495
Agriculture, Forestry and Fishing7.930802819009315.74694189563441
Financial and Insurance Activities 40.84997268458927.0817001482435
Distribution, Transport, Hotels and Restaurants55.048614753025552.78012592856
Arts, Entertainment and Other Services5.405672293778875.88751948188485
Industry (excluding Construction)174.052755810563174.970221774084
Industry of which: Manufacturing158.680096355839166.390093022985
Professional, Admin and Support Services38.608312475530362.3957280444416
Public Administration, Education and Health22.610925747198550.7204065401198
Real Estate Activities5.3710903790038630.7678313086389
Total591.993800930239535.877384601696

In the Output method of estimating GVA and GDP, Output minus Intermediate Consumption equals Gross Value Added. Rearranging this equation gives Output equals Intermediate Consumption plus Gross Value Added.

In 2024, total Output in the economy was almost equally split between Intermediate Consumption (52%) and Gross Value Added (48%). This was the tenth highest proportion of GVA among reporting EU Member States. However, there was variation across different sectors of the economy. For example, Construction (NACE 41-43), Information and Communication (NACE 58-63) and Agriculture, Forestry and Fishing (NACE 01-03) had the highest relative levels of Intermediate Consumption compared to Output. Service sectors such as Professional, Administration and Support Services (NACE 69-82), Public Administration, Education and Health (NACE 84-88) and Real Estate (NACE 68) had the highest relative levels of Value Added compared to Output. See Figures 1.2 and 1.3.

Table 1.2 Output, Intermediate Consumption and Gross Value Added by activity, 2024

X-axis labelIntermediate consumptionGross Value Added
Malta63.29930781591236.7005205114471
Czechia58.52327526511541.4767389015507
Slovakia57.684233135511142.3157668644889
Cyprus56.822321391143.1776786089
Belgium56.521949569815343.4780504301847
Estonia55.450435332985444.5496922745144
Poland55.2433353127344.7566646872699
Hungary55.085418036053644.9145819639464
Bulgaria54.250518526823345.7494314223251
Italy54.240748414849945.7592515851501
Finland53.982979112809146.0170208871909
Sweden53.562858986224146.4371410137759
Netherlands53.353313211447446.6466867885526
Slovenia53.159417833479346.8405821665207
Austria52.754846465481847.2451428828287
Ireland52.487713136038947.5122868639611
Germany52.12471395839147.875286041609
Latvia52.06768480090547.9321789026775
France51.525576262141948.4744237378581
Denmark51.303405805138348.6965941948617
Spain50.704453347867249.2955466521328
Croatia50.696364563788549.3035662254016
Greece50.302416989252149.697583010748
Romania50.27928531508549.720714684915
Lithuania49.826176623273550.1738233767265

The Output method approach will continue to be integrated into the existing National Accounts compilation process. Pending the full incorporation and integration of the Income, Expenditure and Output approaches, detailed sectoral estimates using the Output method should be considered as exploratory and transitional, particularly for the latest two years (2023 and 2024). Data in this publication are expressed in both current prices and constant prices. The ANA statistical discrepancy is excluded and the data are consistent with the unadjusted Output method and Income method data by industry, as described in ANA24 Table 6.1 & Table 6.2.

Further details, including definitions and methodology, are provided in the Background Notes.

The entire Output method 1995-2024 time-series is provided in the CSO's PxStat database.

The primary data sources for these estimates are the CSO's Structure of Business Statistics (SBS) surveys. These SBS surveys cover both manufacturing and services sectors. Detailed questionnaires are sent to thousands of enterprises each year. The Census of Industrial Production (CIP) covers NACE 5-39, the Building and Construction Inquiry (BCI) covers NACE 41-43 and the Annual Services Inquiry (ASI) covers many codes between NACE 45-96. National Accounts are grateful to our colleagues in SBS for their assistance with these data.

Users should note that these Output method data are presented from a National Accounts compilation perspective.

Structure of this publication

In addition to the main 2024 table (Table 1.2) presented at A64 in this overview Introduction chapter, this publication is structured into data chapters each describing a distinct theme, covering the period 2014-2024. The three themes describing the Output method are:      

  • Theme 1 - Output       
  • Theme 2 - Intermediate Consumption 
  • Theme 3 - Gross Value Added (GVA)              

In the Output method, GVA equals Output minus Intermediate Consumption. 

A fourth theme, splitting the total Output, Intermediate Consumption and GVA into NACE sectors dominated by Foreign-owned Multinational Enterprise (MNE) dominated and Other sectors is also included.

  • Theme 4 - Foreign-owned Multinational Enterprise (MNE) dominated sectors

Foreign-owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total. In this Output publication, these 'Foreign' owned MNE dominated sectors contain NACE 19, 20, 21, 26, 31-32, 58, 61 and 62-63.

  • Theme 5 - EU Member State comparisons

A fifth theme, describing these Irish estimates in the context of other EU Member States is included. These reflect the data availability at the start of November 2025.

  •  Theme 6 – Economic intensity of greenhouse gas emissions

A sixth theme combines CSO National Accounts estimates of Output, Gross Value Added (GVA) and Modified GNI (GNI*) with CSO Environmental Accounts estimates of Greenhouse Gas (GHG) Air Emissions. 

The effects on greenhouse gas emission intensities due to changes in the size and structure of the Irish economy are described. The latest 2023 estimates are used in this chapter.

In summary, if we know the value of activity (output) or the value added associated with this activity (GVA) and we then combine this with the GHG associated with this same activity, we can calculate the economic emissions intensity of this activity. For example in grams CO2 equivalent per euro of activity or value added.

 The three themes describing the Output method have a general, repeated, structure.

  • Value time-series by A64, table
  • Constant price time-series by A10, table
  • Selected sectors time-series, chart                

The A10 table at constant market prices for 2014-2024 is chain linked annually and referenced to 2023. Users should note that these chain linked series are not additive except for 2023 and 2024. As with the current price data in this publication, these chain linked data are consistent with the relevant data in ANA24 published in July 2025.