The Central Statistics Office has published the Quarterly National Accounts for the third quarter of 2025 confirming GDP decreased by 0.3 percent in the third quarter of this year while Modified Domestic Demand grew by 2.3 per cent in the quarter. The publication outlines that exports increased by 2.1 percent while total imports rose by 10.4 percent.
Personal spending on goods and services which is seen as a key measure of domestic economic activity, was up by 0.1 percent in the quarter.
Commenting on the figures, Tánaiste and Minister for Finance, Simon Harris said:
“Today’s figures confirm the continued resilience of the domestic economy. Modified Domestic Demand grew by 5 per cent in the third quarter on an annual basis. While this may overstate the underlying performance of the economy at present, I am encouraged by the strength of consumer spending which grew by 2½ per cent over the same period.
Alongside the robust exchequer figures released yesterday, today’s figures highlight the relatively healthy position of our domestic economy at present.”
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