Preliminary figures for Gross Domestic Product, a measure of the economy which includes the contribution from multinationals, shows an increase of 3.2% in the first three months of this year compared to the last quarter of 2024.
The Central Statistics Office said the rise was “was driven by an increase in the multinational dominated sectors in Q1 2025 with a more modest increase in the domestic sectors.”
When data for the first quarter of this year is measured against the same three months of 2024 it shows growth was up 13.3%.
However, figures for Irish GDP had been falling during 2023 and most of 2024 due to multinational activity which makes the increase in the first quarter of this year seem exceptionally large.
Generally, quarterly GDP figures for Ireland are highly volatile.
The CSO said the results for the first quarter of 2025 would be revised in June.
Article Source – Early CSO estimates show GDP growth of 3.2% in Q1 – RTE
