Irish GDP Contracted 0.1% in Q3

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.

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.

Ireland’s gross domestic product contracted by 0.1% quarter-on-quarter in the three months to September 2025, following a 0.2% expansion in the previous period, according to preliminary estimates. This marks the first economic decline since the fourth quarter of 2023, largely reflecting a downturn in the multinational-dominated industrial sector. On an annual basis, the economy grew by 10.5%, easing from a 17.1% expansion recorded in the previous quarter.