Output, which measures the value of all goods and services produced totalled €1.128 trillion in 2024. This is an increase of 10.5% on the previous year.
Intermediate Consumption, which measures the value of all goods and services used up in the production process, required to produce this Output was €592 billion in 2024. This was a rise of 13.6% from 2023.
Output (€1.128 trillion) minus Intermediate Consumption (592 billion) resulted in Gross Value Added (GVA) at basic prices of €536 billion in 2024. This was up 7.3% from 2023.
In 2024, Total Output in the economy was almost equally split between Intermediate Consumption (52%) and Gross Value Added (48%).
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Statistician's Comment
The Central Statistics Office (CSO) has today (13 November 2025) published Output and Value Added by Activity 2024.
Commenting on the release, Eimear Quinn Healy, Statistician in the National Accounts Integration Division, said:
"Output and Value-Added by Activity tables help in understanding the structure of the Irish Economy and the changes seen in the main aggregates in the National Accounts.
This release uses the Output method to estimate Gross Domestic Product (GDP). The Output Method measures Gross Value Added (GVA) as the total value of Output (what is produced) less the total value of goods and services used in producing these outputs (intermediate consumption).
The Results