This release is categorised as a CSO Frontier Series Output. Particular care must be taken when interpreting the statistics in this release as it may use new methods which are under development and/or data sources which may be incomplete, for example new administrative data sources.
Early estimates indicate that Gross Domestic Product (GDP) decreased by an estimated 1% in Quarter 2 (Q2) 2025, when compared with Q1 2025.
The result was mainly driven by a fall in the multinational dominated Industry sector in Q2 2025.
Using the early estimate for Q2 2025, GDP is estimated to have expanded by 12.5% when compared with the same quarter in 2024.
The preliminary GDP estimate shows a seasonally adjusted decrease of 1% in Q2 2025 in volume terms when compared with Q1 2025.
| Qtr on Qtr | |
| Q1 2022 | 3.8951 |
| Q2 2022 | 2.8621 |
| Q3 2022 | 1.6719 |
| Q4 2022 | -1.2946 |
| Q1 2023 | -1.7457 |
| Q2 2023 | 0.8862 |
| Q3 2023 | -2.911 |
| Q4 2023 | -2.3888 |
| Q1 2024 | 1.6372 |
| Q2 2024 | 0.8166 |
| Q3 2024 | 4.566 |
| Q4 2024 | 4.5122 |
| Q1 2025 | 7.393 |
| Q2 2025 | -0.9874 |
In Q2 2025, GDP is estimated to have increased by 12.5% relative to Q2 2024.
| Year on Year | |
| Q1 2022 | 7.39 |
| Q2 2022 | 7.5971 |
| Q3 2022 | 7.2747 |
| Q4 2022 | 7.7874 |
| Q1 2023 | 2.4413 |
| Q2 2023 | -0.8314 |
| Q3 2023 | -4.7046 |
| Q4 2023 | -6.5679 |
| Q1 2024 | -2.6829 |
| Q2 2024 | -2.3462 |
| Q3 2024 | 3.9979 |
| Q4 2024 | 11.5642 |
| Q1 2025 | 20.0389 |
| Q2 2025 | 12.5097 |
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Statistician's Comment
The Central Statistics Office (CSO) has today (28 July 2025) published its latest Preliminary GDP Estimate for Quarter 2 (Q2) 2025. This release is part of the CSO's Frontier Series and care must be taken when interpreting these results as methodologies may change and data sources may be incomplete.
These preliminary results are subject to revisions in the Quarterly National Accounts Q2 2025 release, which will be published in early September 2025 when additional data sources are available to the CSO. The results will be further updated following the release of the Annual National Accounts for 2025.
Commenting on the release, Enda Behan, Statistician in the National Accounts Integration Division, said: "In today’s release, GDP is estimated to have contracted by 1% in April, May and June (Q2) 2025 in volume terms when compared with Q1 2025. This was driven by a decrease in the multinational dominated sector of Industry in Q2 2025. GDP is estimated to have risen by 12.5% when compared with Q2 2024, reflecting continued strong multinational growth in 2025.
These preliminary estimates are based on forecasting and data sources that are limited in scope when compared with those used for compiling GDP in the CSO’s Quarterly National Accounts. The data sources include information from the CSO Large Cases Unit, Retail Sales, Administrative Payroll Data and other indicators of activity (Please see the Background Notes for more details on these estimates and the methodology used to calculate the preliminary results)."