The latest set of national accounts data for Ireland provides further evidence of the volatility of GDP growth on paper, masking more moderate trends in the domestic economy.
The big picture is the multinational sector has contributed to nearly 50% of economic activity (in GVA terms) since 2020, a level shift from the 35% average of the previous decade.
Beneath the noisy data, domestic indicators point to a moderate growth picture so far in 2026.
However, investment in these categories has been lumpy in recent quarters and is increasingly driving volatility in Modified Domestic Demand (MDD) growth.
