The domestic economy expanded rapidly in the first nine months of the year, posting growth of 4.1% compared with the same period in 2024.
New data from the Central Statistics Office shows that Gross Domestic Product — which captures the substantial contribution of multinational exports — surged by an exceptional 15.8%.
Consumer spending strengthened as well, rising 2.9% over the first three quarters of 2025.
Multinational-dominated sectors recorded striking growth of 31.2%, fuelled largely by robust pharmaceutical exports. The figures indicate that the elevated level of activity seen ahead of the Trump administration’s tariff measures has not only persisted but remained a major driver throughout 2025.
Investment, excluding aircraft leasing and intellectual property, increased by 7.4%.
The CSO’s third-quarter data, typically more volatile, paints a mixed picture: GDP slipped by 0.3% in July through September, even as the domestic economy expanded by 2.3%.