FX.co ★ Ireland Q3 GDP Falls More Than First Estimated

In the three-month period ending September 2025, Ireland's gross domestic product (GDP) saw a contraction of 0.3% on a quarter-on-quarter basis, a deeper decline than the initially estimated 0.1% drop, following a revised 0.3% growth in the preceding quarter. This represents the first economic contraction since the final quarter of 2023. The multinational-dominated sectors experienced a modest growth of 1.1%, whereas the domestic sectors witnessed a decline of 0.1%. Specifically, the globalized industry sector within the domestic economy contracted by 0.7%. Analyzing the expenditure components, personal consumption showed a marginal increase of 0.1%, government spending expanded by 2.1%, and gross fixed capital formation surged by 12.5%. On the trade front, exports rose by 2.1%, a figure starkly contrasted by the 10.4% rise in imports, leading to a 14.6% decline in net exports. Meanwhile, Gross National Product (GNP) saw a 0.8% increase, marking a significant slowdown from the previous quarter's substantial 15.3% growth.