Ireland’s Economy Surges 9.7% in Q1

2025-06-05 10:20 By Joana Ferreira 1 min. read

Ireland’s economy expanded by 9.7% quarter-on-quarter in Q1 2025, a sharp upgrade from the preliminary estimate of 3.2% and compared with an upwardly revised 5.0% growth in the previous period.

This marked the fastest pace of expansion since Q3 2020, driven primarily by a surge in exports as multinational companies rushed to front-load shipments ahead of new tariffs introduced by US President Donald Trump.

Much of the expansion stemmed from the multinational-dominated sectors, with activity among foreign-based firms rising 12.4%.

The globalized industry sector jumped 17.1%, while the information & communication sector grew by 3.8%.

In contrast, the domestic economy saw more modest growth of 0.7%, supported by a 0.6% rise in personal consumption and a 0.7% increase in government spending.

Meanwhile, the GNP fell by 2.1% in Q1, after a revised 5.1% decline in Q4 2024.



News Stream
Ireland GDP Shrinks at Fastest Pace Since 2020
Ireland’s GDP fell by 3.8% quarter-on-quarter in the final quarter of 2025, worse than the initial estimate of a 0.6% drop, after showing no growth in the previous period. This marked the sharpest contraction since the second quarter of 2020, weighed down by a 2.6% drop in the multinational-dominated sector, led by industry excluding construction, which fell 3.6%. On the expenditure side, growth in household consumption picked up (0.9% vs 0.4% in Q3) but slowed in government spending (0.3% vs 1.5%). Fixed investments declined by 4.6%, reversing a 13.4% increase in the third quarter. In trade, exports dropped (-3.4% vs 2.4%) more than imports (-1.3% vs 10.4%), resulting in a 9.0% fall in net exports. On a yearly basis, GDP rose by 2.2%, slowing sharply from an upwardly revised 11.2% increase in the prior quarter and marking the weakest pace of growth since a contraction in the second quarter of 2024. In 2025, Ireland’s economy expanded by 12.3%, accelerating from a 2.6% growth in 2024.
2026-03-05
Irish GDP Contracted 0.6% in Q4
Ireland’s gross domestic product fell by 0.6% quarter-on-quarter in the three months to December 2025, following a 0.3% decline in the previous quarter, according to preliminary estimates. This marks the second consecutive period of economic contraction, largely driven by a downturn in the multinational-dominated industrial sector. On an annual basis, the economy expanded by 3.7%, a significant slowdown from the 10.8% growth recorded in the previous quarter, and the weakest annual increase since the economic contraction in the second quarter of 2024.
2026-01-29
Ireland Q3 GDP Falls More Than First Estimated
Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew more modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%. On the expenditure side, personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.
2025-12-04