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Quarterly National Accounts
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For more information on this release:
E-mail: nat_acc@cso.ie Gordon Cavanagh (+353) 1 498 4307 Andrew McManus (+353) 1 498 4368
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5775
CSO statistical release, , 11am

Quarterly National Accounts

Quarter 1 2014

             GDP and GNP (seasonally adjusted) at constant (2012) prices
 Q1 2014         Q1 2014
    Amount €mQuarterly % change
GDP44,8492.7
GNP38,0520.5

GDP up 2.7 per cent on a seasonally adjusted basis

Figure 1 Seasonally Adjusted growth rates(% change on previous quarter)
go to full release

Preliminary estimates for the first quarter of 2014 indicate that GDP increased by 2.7 per cent in volume terms on a seasonally adjusted basis compared with the fourth quarter of last year while GNP increased by 0.5 per cent over the same period.

Value added changes in business sectors 

On the output side of the accounts Industry (including Building and construction) increased by 2.8 per cent in volume terms between the first quarter of 2014 and the fourth quarter of 2013. Other services increased by 1.1 per cent and Distribution, transport, software and communication increased by 0.7% per cent in volume terms on a seasonally adjusted basis over the same period.  On the other hand, Public administration and defence decreased by 0.3 per cent and Agriculture, forestry and fishing declined by 0.2 per cent.

Net Exports increase

On the expenditure side of the accounts (Table 6), Net exports made a positive contribution of €541m in volume terms on a seasonally adjusted basis between Q1 2014 and Q4 2013. Personal expenditure was largely unchanged, declining by 0.1 per cent.  Capital Investment, in seasonally adjusted volume terms higher for all quarters due to the implementation of ESA 2010, decreased by 8.1 per cent. Government expenditure also decreased by 2.1 per cent.

 

Comparisons with Q1 2013

On the output side of the accounts gross value added in Distribution, transport, software and communication increased by 8.0 per cent while Other services increased by 3.9 per cent in Q1 2014 compared with the same quarter of 2013. Industry (including Building and construction) increased by 2.1 per cent over this period, while Agriculture, forestry and fishing expanded by 11.1 per cent .

 
On the expenditure side Personal expenditure rose by 0.2 per cent. Capital investment increased by 2.9 per cent and Government expenditure by 2.6 per cent compared with Q1 2013. Net exports were €1,166m higher in the first quarter of 2014 compared with the corresponding quarter of 2013.

Factor income outflows were €571m higher in Q1 2014 compared with Q1 2013 resulting in the 4.1 per cent increase in GDP becoming a 3.4 per cent increase in GNP over the same period.

Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2012)*
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)€million
PeriodAgric. Forestry and fishingIndustryof which Building and constructionDist. Transport software and comms.Public admin. and defenceOther services (including rent) GDP at constant factor cost   Taxes less subsidiesGDP at constant market costNet factor income from rest of worldGNP at constant market prices
 
 
 
20084,32346,8586,34543,3797,85964,429 160,64920,197180,593-27,968152,201
20094,06741,8454,61340,7737,43563,030 153,28615,852169,088-30,394138,831
20103,97742,2853,40240,6926,98563,377 153,13815,512168,622-27,759140,829
20113,95443,3282,91640,5356,63264,007 158,25915,051173,297-33,662139,765
20123,79842,3062,74040,9586,46265,709 157,50615,249172,755-30,310142,445
20134,00841,7063,06538,8396,31967,274 156,83116,223173,054-26,107146,947
2008            
Q11,17412,5151,69013,9311,87115,904 41,8816,09847,847-6,86940,788
Q21,49412,5451,5749,5671,98315,935 40,6314,24544,882-7,21937,596
Q399011,4821,6169,8812,01516,341 39,4045,80845,079-7,88137,222
Q466610,3171,4649,9991,99016,249 38,7324,04742,785-5,99936,595
2009            
Q11,11311,5511,26510,0781,81715,633 38,8254,25843,054-7,55135,514
Q21,47511,3961,14610,0431,85615,619 39,4123,21642,676-8,03934,719
Q38469,6471,14010,4991,87315,902 37,4994,74942,168-8,10034,168
Q46339,2511,06210,1531,88915,877 37,5513,62941,189-6,70434,430
2010            
Q193211,3468299,9231,71715,565 38,1104,07842,170-8,00634,227
Q21,25610,9848409,8721,75015,734 38,8543,06841,948-7,82634,175
Q31,0119,88489210,5641,76215,890 38,1384,78842,884-6,95935,910
Q477910,07184210,3331,75616,188 38,0363,57841,620-4,96836,517
2011            
Q190411,13575510,0251,60715,367 38,0364,16442,187-8,21234,007
Q21,26511,35172610,0671,65416,056 40,7862,89943,700-8,78534,957
Q31,01310,35673410,1101,66916,188 39,4994,41043,894-8,55235,376
Q477210,48670010,3331,70116,396 39,9383,57843,517-8,11335,425
2012            
Q194811,3736309,8951,55015,964 38,4484,12842,567-8,80633,815
Q21,29311,9066569,4991,60416,100 39,5772,98542,583-7,93934,662
Q38889,77571010,7381,62816,698 38,9504,67943,607-7,76535,846
Q46699,25374410,8261,68016,947 40,5313,45643,998-5,80038,122
2013            
Q193711,2246689,0541,52616,423 38,3414,33842,679-7,01335,665
Q21,25511,1477239,2901,57416,400 39,2533,23142,484-7,91734,567
Q31,00510,08383410,1811,59216,998 39,5094,89144,400-6,80237,599
Q48109,25184010,3141,62717,453 39,7293,76343,491-4,37539,116
2014            
Q11,04211,4627199,7751,49517,064 39,7514,69444,445-7,58436,861
Percentage change on corresponding period of previous year 
2008-2.4-6.3-5.8-2.66.61.3 -1.3-12.9-2.6 -2.3
2009-5.9-10.7-27.3-6.0-5.4-2.2 -4.6-21.5-6.4 -8.8
2010-2.21.1-26.2-0.2-6.00.6 -0.1-2.1-0.3 1.4
2011-0.62.5-14.3-0.4-5.11.0 3.3-3.02.8 -0.8
2012-3.9-2.4-6.01.0-2.62.7 -0.51.3-0.3 1.9
20135.5-1.411.9-5.2-2.22.4 -0.46.40.2 3.2
2008            
Q1-3.4 -3.4 -2.2 24.47.22.4 3.5-9.0 1.8 3.7
Q2-7.3 0.5-2.0 -14.2 7.82.5 -1.1 -15.0 -2.5  -1.4
Q38.9-4.2 -4.5 -8.6 6.01.4 0.7-8.7 -0.5  -3.6
Q4-4.3 -17.9 -14.2 -12.3 5.6-0.8  -7.8 -21.4 -9.2  -7.7
2009            
Q1-5.2 -7.7 -25.2 -27.7 -2.9 -1.7  -7.3 -30.2 -10.0  -12.9
Q2-1.3 -9.2 -27.2 5.0-6.4 -2.0  -3.0 -24.2 -4.9  -7.7
Q3-14.6 -16.0 -29.5 6.2-7.0 -2.7  -4.8 -18.2 -6.5  -8.2
Q4-4.9 -10.3 -27.5 1.5-5.1 -2.3  -3.1 -10.3 -3.7  -5.9
2010            
Q1-16.3 -1.8 -34.5 -1.5 -5.5 -0.4  -1.8 -4.2 -2.1  -3.6
Q2-14.8 -3.6 -26.7 -1.7 -5.8 0.7 -1.4 -4.6 -1.7  -1.6
Q319.52.5-21.8 0.6-5.9 -0.1  1.70.81.7 5.1
Q423.08.9-20.7 1.8-7.0 2.0 1.3-1.4 1.0 6.1
2011            
Q1-3.0 -1.9 -8.9 1.0-6.4 -1.3  -0.2 2.10.0 -0.6
Q20.73.3-13.5 2.0-5.4 2.0 5.0-5.5 4.2 2.3
Q30.24.8-17.6 -4.3 -5.3 1.9 3.6-7.9 2.4 -1.5
Q4-0.8 4.1-16.8 -0.0 -3.2 1.3 5.00.04.6 -3.0
2012            
Q14.92.1-16.6 -1.3 -3.6 3.9 1.1-0.9 0.9 -0.6
Q22.24.9-9.6 -5.6 -3.1 0.3 -3.0 3.0-2.6  -0.8
Q3-12.3 -5.6 -3.3 6.2-2.5 3.1 -1.4 6.1-0.7  1.3
Q4-13.3 -11.8 6.24.8-1.2 3.4 1.5-3.4 1.1 7.6
2013            
Q1-1.1 -1.3 6.1-8.5 -1.6 2.9 -0.3 5.10.3 5.5
Q2-3.0 -6.4 10.1-2.2 -1.9 1.9 -0.8 8.2-0.2  -0.3
Q313.33.217.4-5.2 -2.2 1.8 1.44.51.8 4.9
Q421.1-0.0 13.0-4.7 -3.2 3.0 -2.0 8.9-1.2  2.6
2014            
Q111.12.17.68.0-2.0 3.9 3.78.24.1 3.4
*Chain linked series not additive   
Table 2 Expenditure on Gross National Product at Current Market Prices  
          €million
PeriodPersonal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationValue of physical changes in stocksExports of goods and servicesImports of goods and servicesStatistical discrepancyGDP at current market pricesNet factor income from the rest of the worldGNP at current market prices
           
200894,71230,77545,221-330150,180-133,876189186,870-25,837161,033
200983,56529,65033,082-1,490146,363-121,555-1,501168,114-28,517139,597
201082,44726,43726,106-569157,811-129,0231,719164,928-26,425138,503
201182,96926,11124,841780167,086-132,3981,654171,042-32,127138,915
201282,46725,92226,923288182,506-147,0791,728172,755-30,310142,445
201383,33425,95626,541837184,056-147,6941,761174,791-26,262148,529
2008          
Q123,8067,54913,930-39036,630-33,6874847,886-6,28341,603
Q223,1077,62810,83552937,773-33,3324746,588-6,56440,024
Q323,2547,63511,093-2737,016-32,4574746,562-7,29539,267
Q424,5447,9619,363-44238,762-34,4004645,835-5,69640,139
2009          
Q121,0447,7809,295-56836,511-30,821-38342,859-7,16435,694
Q220,4297,2088,4491437,697-30,618-38242,797-7,59035,208
Q320,2137,2067,082-43035,783-28,083-37041,402-7,56233,840
Q421,8797,4558,256-50536,373-32,034-36741,056-6,20134,855
2010          
Q120,2196,6976,884-52737,011-29,63842841,074-7,56733,507
Q220,1366,4866,829-10640,218-32,28043541,717-7,51734,200
Q320,3146,4305,78735340,491-31,81543841,997-6,64835,349
Q421,7786,8256,607-28840,090-35,29041840,140-4,69235,448
2011          
Q120,3936,5136,665-31740,446-33,19939540,895-7,85933,036
Q220,3026,5056,47640342,433-33,03442143,504-8,32035,185
Q320,0756,5605,40459941,653-31,46341843,246-8,10135,145
Q422,1996,5346,2969542,555-34,70142043,398-7,84835,550
2012          
Q119,8956,6026,776-57744,488-36,28441341,312-8,69832,614
Q219,9066,4305,68454946,599-37,47542142,113-7,92834,185
Q320,3456,5115,69029045,712-35,56743443,414-7,84335,571
Q422,3226,3808,7732745,708-37,75345945,916-5,84040,075
2013          
Q120,0896,4316,61040943,687-35,36742642,285-6,78635,500
Q220,0376,4595,83024047,498-37,43643443,061-8,09534,967
Q320,6236,4756,23579845,882-35,77945044,684-6,92937,755
Q422,5866,5917,866-61046,988-39,11145144,761-4,45440,307
2014          
Q120,4476,3656,90831946,669-37,68943843,456-7,28436,172
Percentage change on corresponding period of previous year
20081.75.2-16.8 -1.5-0.8 -5.0 -5.0 
2009-11.8-3.7-26.8 -2.5-9.2 -10.0 -13.3 
2010-1.3-10.8-21.1 7.86.1 -1.9 -0.8 
20110.6-1.2-4.8 5.92.6 3.7 0.3 
2012-0.6-0.78.4 9.211.1 1.0 2.5 
20131.10.1-1.4 0.80.4 1.2 4.3 
2008           
Q16.46.3-11.4 -0.72.5 -3.6 -1.7 
Q21.96.4-18.6 -1.91.0 -5.8 -4.8 
Q31.13.6-9.1 -1.6-1.4 -1.2 -4.3 
Q4-2.14.5-28.5 -1.7-5.0 -9.2 -8.9 
            
2009           
Q1-11.63.1-33.3 -0.3-8.5 -10.5 -14.2 
Q2-11.6-5.5-22.0 -0.2-8.1 -8.1 -12.0 
Q3-13.1-5.6-36.2 -3.3-13.5 -11.1 -13.8 
Q4-10.9-6.4-11.8 -6.2-6.9 -10.4 -13.2 
            
2010           
Q1-3.9-13.9-25.9 1.4-3.8 -4.2 -6.1 
Q2-1.4-10.0-19.2 6.75.4 -2.5 -2.9 
Q30.5-10.8-18.3 13.213.3 1.4 4.5 
Q4-0.5-8.5-20.0 10.210.2 -2.2 1.7 
            
2011           
Q10.9-2.7-3.2 9.312.0 -0.4 -1.4 
Q20.80.3-5.2 5.52.3 4.3 2.9 
Q3-1.22.0-6.6 2.9-1.1 3.0 -0.6 
Q41.9-4.3-4.7 6.1-1.7 8.1 0.3 
            
2012           
Q1-2.41.41.7 10.09.3 1.0 -1.3 
Q2-1.9-1.2-12.2 9.813.4 -3.2 -2.8 
Q31.3-0.75.3 9.713.0 0.4 1.2 
Q40.6-2.339.3 7.48.8 5.8 12.7 
            
2013           
Q11.0-2.6 -2.5  -1.8 -2.5 2.4 8.8 
Q20.70.52.6 1.9-0.1 2.3 2.3 
Q31.4-0.5 9.6 0.40.6 2.9 6.1
Q41.23.3-10.3  2.83.6 -2.5  0.6
2014
Q11.8-1.0 4.5 6.86.6 2.8 1.9
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2012)*
         €million
PeriodPersonal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationValue of physical changes in stocksExports of goods and servicesImports of goods and servicesGDP at constant market pricesNet factor income from the rest of the worldGNP at constant market prices
200888,40430,21540,535-328162,128-147,917180,593-27,968152,201 
200983,64629,15132,225-1,471155,661-134,360169,088-30,394138,831 
201084,41327,06926,418-577165,266-138,414168,622-27,759140,829 
201183,43426,49025,650782174,329-137,572173,297-33,662139,765 
201282,46725,92226,923288182,506-147,079172,755-30,310142,445 
201381,79726,27326,275861184,565-148,031173,054-26,107146,947
2008         
Q122,3597,47712,248-59639,961-37,57447,847-6,86940,788 
Q221,5487,4859,69981841,443-36,99844,882-7,21937,596 
Q321,7117,44910,0378039,939-35,81445,079-7,88137,222 
Q422,7867,8038,551-63040,785-37,53142,785-5,99936,595 
2009         
Q120,7717,4678,833-57138,284-33,43843,054-7,55135,514 
Q220,4527,3398,1138039,795-33,71242,676-8,03934,719 
Q320,4307,0267,084-48638,276-31,30642,168-8,10034,168 
Q421,9937,3198,195-49439,305-35,90441,189-6,70434,430 
2010         
Q120,7896,8016,887-55338,957-32,17042,170-8,00634,227 
Q220,6706,8486,909-6741,708-34,66341,948-7,82634,175 
Q320,8476,5805,99534842,202-33,96142,884-6,95935,910 
Q422,1076,8396,626-30542,399-37,61941,620-4,96836,517 
2011         
Q120,6996,7626,875-36641,963-34,62042,187-8,21234,007 
Q220,4916,6806,65735844,635-34,57543,700-8,78534,957 
Q320,2286,5115,55763243,768-32,72443,894-8,55235,376 
Q422,0166,5376,56115843,963-35,65443,517-8,11335,425 
2012         
Q120,0346,6026,955-61244,923-36,60542,567-8,80633,815 
Q219,9866,4305,65653746,693-37,55742,583-7,93934,662 
Q320,4126,5115,60128945,290-35,27043,607-7,76535,846 
Q422,0356,3808,7127345,600-37,64843,998-5,80038,122 
2013         
Q119,8736,4476,67349943,912-35,54942,679-7,01335,665
Q219,7456,2975,76428747,384-37,40542,484-7,91734,567
Q320,2696,6996,11578745,952-35,77444,400-6,80237,599
Q421,9106,8307,723-71347,318-39,30343,491-4,37539,116
2014         
Q119,9156,6146,86443547,164-37,63544,445-7,58436,861
Percentage change on corresponding period of previous year 
20080.00.6-9.6 -0.9-2.6-2.6 -2.3 
2009-5.4-3.5-20.5 -4.0-9.2-6.4 -8.8 
20100.9-7.1-18.0 6.23.0-0.3 1.4 
2011-1.2-2.1-2.9 5.5-0.62.8 -0.8 
2012-1.2-2.15.0 4.76.9-0.3 1.9 
2013-0.81.4-2.4 1.10.60.2 3.2
2008         
Q13.61.5-4.7 1.20.81.8 3.7 
Q2-0.22.2-10.6 0.8-0.3-2.5 -1.4 
Q3-0.3-1.2-1.2 -0.7-2.8-0.5 -3.6 
Q4-2.7-0.2-22.2 -4.6-7.5-9.2 -7.7 
2009         
Q1-7.1-0.1-27.9 -4.2-11.0-10.0 -12.9 
Q2-5.1-1.9-16.4 -4.0-8.9-4.9 -7.7 
Q3-5.9-5.7-29.4 -4.2-12.6-6.5 -8.2 
Q4-3.5-6.2-4.2 -3.6-4.3-3.7 -5.9 
2010         
Q10.1-8.9-22.0 1.8-3.8-2.1 -3.6 
Q21.1-6.7-14.8 4.82.8-1.7 -1.6 
Q32.0-6.3-15.4 10.38.51.7 5.1 
Q40.5-6.6-19.1 7.94.81.0 6.1 
2011         
Q1-0.4-0.6-0.2 7.77.60.0 -0.6 
Q2-0.9-2.5-3.6 7.0-0.34.2 2.3 
Q3-3.0-1.1-7.3 3.7-3.62.4 -1.5 
Q4-0.4-4.4-1.0 3.7-5.24.6 -3.0 
2012         
Q1-3.2-2.41.2 7.15.70.9 -0.6 
Q2-2.5-3.8-15.0 4.68.6-2.6 -0.8 
Q30.9-0.00.8 3.57.8-0.7 1.3 
Q40.1-2.432.8 3.75.61.1 7.6 
2013         
Q1-0.8-2.3-4.1 -2.3-2.90.3 5.5
Q2-1.2-2.11.9 1.5-0.4-0.2 -0.3
Q3-0.72.99.2 1.51.41.8 4.9
Q4-0.67.0-11.4 3.84.4-1.2 2.6
2014         
Q10.22.62.9 7.45.94.1 3.4
*Chain linked series not additive  
Table 4 Gross Value Added at Constant Factor Cost by Sector of Origin and Gross National Product at Constant Market Prices
(Chain linked annually and referenced to year 2012) - Seasonally Adjusted      
 €million
PeriodAgric. Forestry and fishingIndustryof which Building and constructionDist. Transport software and commsPublic admin and defenceOther services (including rent)GDP at constant factor costTaxes less subsidiesGDP at constant market pricesNet factor income from the rest of the worldGNP at constant market prices
2008           
Q11,09212,1631,72913,9841,95816,10141,5335,55447,234-6,69940,533 
Q21,08812,0641,6349,7611,98416,14940,2785,20545,249-6,72238,406 
Q31,09311,9611,5599,7481,97216,19140,0395,02845,004-7,53937,305 
Q41,01710,8251,4279,8881,94015,98838,8324,31443,071-7,08635,919 
             
2009            
Q11,05811,0391,29610,1531,89915,85938,8073,88542,790-7,20835,788 
Q21,11210,8481,19510,2591,86315,80238,7434,04542,808-7,62335,138 
Q391910,1641,09510,3021,83915,75137,9564,02741,900-7,70134,088 
Q49399,8971,03110,0251,83315,61337,6843,87541,513-7,92833,734 
             
2010            
Q191210,72986310,0351,79815,78238,1473,76441,929-7,70834,376 
Q293010,36287010,1211,75615,93438,2973,87842,195-7,24634,955 
Q31,05510,46685410,3191,73515,73838,4464,00642,484-6,58635,664 
Q41,05110,78981210,1611,69815,91738,1113,84941,908-6,27535,662 
             
2011            
Q190910,49278810,2231,67815,63038,7473,81742,515-7,66235,017 
Q296210,64575910,3351,66716,21839,7263,71543,570-8,36135,161 
Q31,04310,9557019,8301,64716,04539,7473,65943,338-8,18735,000 
Q41,02511,29567110,1151,64016,10739,8593,88043,791-9,51434,462 
             
2012            
Q196610,67267010,1271,62216,19238,9873,79342,673-8,36834,391 
Q21,00011,1746809,7961,61416,31038,9973,79042,822-7,29435,559 
Q391410,33867610,4161,60916,55939,0513,88342,993-7,44335,367 
Q491510,19470910,5491,61816,63940,4153,78944,216-7,24036,968 
             
2013            
Q195310,4447189,2981,59716,63738,7433,97842,673-6,60736,100 
Q297110,4207479,6081,58316,63938,9504,05842,953-7,19135,808 
Q31,03110,5837929,8621,57516,86039,4914,07743,716-6,48737,039 
Q41,05310,32779810,0181,56517,13339,6804,13643,679-5,83337,870 
2014            
Q11,05110,61776910,0921,56017,31740,4884,26044,849-6,97838,052 
Percentage change on previous quarter 
2008           
Q10.5-5.2 4.024.26.0-0.0 -0.7 0.9-0.0  4.2
Q2-0.4 -0.8 -5.5 -30.2 1.40.3-3.0 -6.3 -4.2  -5.2
Q30.4-0.9 -4.6 -0.1 -0.6 0.3-0.6 -3.4 -0.5  -2.9
Q4-6.9 -9.5 -8.5 1.4-1.6 -1.3 -3.0 -14.2 -4.3  -3.7
            
2009           
Q14.12.0-9.2 2.7-2.1 -0.8 -0.1 -9.9 -0.7  -0.4
Q25.1-1.7 -7.8 1.0-1.9 -0.4 -0.2 4.10.0 -1.8
Q3-17.4 -6.3 -8.4 0.4-1.3 -0.3 -2.0 -0.5 -2.1  -3.0
Q42.2-2.6 -5.8 -2.7 -0.3 -0.9 -0.7 -3.8 -0.9  -1.0
            
2010           
Q1-2.9 8.4-16.2 0.1-1.9 1.11.2-2.9 1.0 1.9
Q21.9-3.4 0.70.9-2.3 1.00.43.00.6 1.7
Q313.51.0-1.8 2.0-1.2 -1.2 0.43.30.7 2.0
Q4-0.4 3.1-4.9 -1.5 -2.1 1.1-0.9 -3.9 -1.4  -0.0
            
2011           
Q1-13.5 -2.8 -2.9 0.6-1.2 -1.8 1.7-0.8 1.4 -1.8
Q25.91.5-3.7 1.1-0.7 3.82.5-2.7 2.5 0.4
Q38.42.9-7.7 -4.9 -1.2 -1.1 0.1-1.5 -0.5  -0.5
Q4-1.7 3.1-4.2 2.9-0.5 0.40.36.11.0 -1.5
            
2012           
Q1-5.7 -5.5 -0.1 0.1-1.1 0.5-2.2 -2.2 -2.6  -0.2
Q23.54.71.5-3.3 -0.5 0.70.0-0.1 0.3 3.4
Q3-8.6 -7.5 -0.6 6.3-0.3 1.50.12.50.4 -0.5
Q40.1-1.4 4.91.30.60.53.5-2.4 2.8 4.5
            
2013           
Q14.12.51.4-11.9 -1.3 -0.0 -4.1 5.0-3.5  -2.3
Q21.9-0.2 3.93.3-0.9 0.00.52.00.7 -0.8
Q36.21.66.12.6-0.5 1.31.40.41.8 3.4
Q42.1-2.4 0.71.6-0.6 1.60.51.5-0.1  2.2
2014
Q1-0.2 2.8-3.6 0.7-0.3 1.12.03.02.7 0.5
Table 5 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted  
         €million
PeriodPersonal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationValue of physical changes in stocksExports of goods and servicesImports of goods and servicesGDP at current market pricesNet factor income from the rest of the wrorldGNP at current market prices
          
2008         
Q123,9227,57813,011-32037,605-34,20747,976-6,16641,843
Q223,6877,72211,13320937,023-33,26346,711-6,03440,701
Q323,8127,68212,04715737,409-33,71346,916-7,13339,804
Q423,2547,8109,027-40938,259-32,65945,229-6,57338,618
2009         
Q121,2657,7958,715-40737,328-31,30643,333-6,81336,544
Q220,9217,2828,636-27436,946-30,56942,688-7,23435,448
Q320,6747,2527,780-43636,094-29,38541,486-7,28734,084
Q420,6527,3347,874-38736,111-30,30640,550-7,24933,451
2010         
Q120,4666,6936,445-34937,835-30,25741,544-7,33534,246
Q220,6976,5537,008-32139,279-32,01141,770-6,94334,819
Q320,7526,4616,42419540,762-33,16741,916-6,34735,396
Q420,4646,7356,201-8540,043-33,61639,644-5,85133,913
2011         
Q120,8436,5206,329-12441,059-33,68641,909-7,26334,699
Q220,7966,5516,64521841,552-32,79543,202-8,03435,189
Q320,4726,5806,00033741,893-32,83442,969-7,77035,030
Q420,7826,4645,82737642,641-33,14042,878-9,10833,867
2012         
Q120,3396,6096,419-46145,205-36,91942,027-8,36133,803
Q220,4986,4725,94644245,511-36,97742,274-7,29134,941
Q320,7206,5186,301-2845,972-36,94543,031-7,55535,356
Q420,8276,3248,02236845,844-36,28845,321-7,11838,011
2013         
Q120,5726,4466,25445144,444-36,04842,873-6,56136,619
Q220,6956,4926,21718246,328-36,82743,518-7,32036,138
Q320,9746,4766,85646346,169-37,12644,199-6,64437,500
Q421,0316,5397,130-22747,092-37,72144,143-5,73138,074
2014         
Q121,0836,4026,61333947,323-38,18244,501-6,75138,169
Percentage change on previous quarter      
2008         
Q10.31.72.0 -2.8 -1.1 -3.6  -1.4
Q2-1.0 1.9-14.4  -1.5 -2.8 -2.6  -2.7
Q30.5-0.5 8.2 1.01.40.4 -2.2
Q4-2.3 1.7-25.1  2.3-3.1 -3.6  -3.0
          
2009         
Q1-8.6 -0.2 -3.5  -2.4 -4.1 -4.2  -5.4
Q2-1.6 -6.6 -0.9  -1.0 -2.4 -1.5  -3.0
Q3-1.2 -0.4 -9.9  -2.3 -3.9 -2.8  -3.8
Q4-0.1 1.11.2 0.03.1-2.3  -1.9
          
2010         
Q1-0.9 -8.7 -18.1  4.8-0.2 2.5 2.4
Q21.1-2.1 8.7 3.85.80.5 1.7
Q30.3-1.4 -8.3  3.83.60.3 1.7
Q4-1.4 4.3-3.5  -1.8 1.4-5.4  -4.2
          
2011         
Q11.9-3.2 2.1 2.50.25.7 2.3
Q2-0.2 0.55.0 1.2-2.6 3.1 1.4
Q3-1.6 0.4-9.7  0.80.1-0.5  -0.5
Q41.5-1.8 -2.9  1.80.9-0.2  -3.3
          
2012         
Q1-2.1 2.210.2 6.011.4-2.0  -0.2
Q20.8-2.1 -7.4  0.70.20.6 3.4
Q31.10.76.0 1.0-0.1 1.8 1.2
Q40.5-3.0 27.3 -0.3 -1.8 5.3 7.5
         
2013        
Q1-1.2 1.9-22.0  -3.1 -0.7 -5.4  -3.7
Q20.60.7-0.6  4.22.21.5 -1.3
Q31.4-0.3 10.3 -0.3 0.81.6 3.8
Q40.31.04.0 2.01.6-0.1  1.5
2014
Q10.2-2.1 -7.3  0.51.20.8 0.2
Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2012) - Seasonally Adjusted
         €million
PeriodPersonal consumption of goods and servicesNet exp. By central and local government on current goods and servicesGross domestic fixed capital formationValue of physical changes in stocksExports of goods and servicesImports of goods and servicesGDP at constant market prices Net factor income from the rest of the worldGNP at constant market prices
          
2008         
Q122,4137,57011,395-52341,049-38,20147,234-6,69940,533
Q222,0407,5539,90234740,666-36,98545,249-6,72238,406
Q322,1337,53110,81539440,349-37,11045,004-7,53937,305
Q421,7687,5788,392-59540,157-35,57643,071-7,08635,919
         
2009        
Q120,9347,5348,218-38639,297-34,06742,790-7,20835,788
Q220,9217,3798,270-32638,970-33,69542,808-7,62335,138
Q320,8297,1357,720-42238,617-32,62441,900-7,70134,088
Q420,8977,1297,951-36038,859-33,98741,513-7,92833,734
          
2010         
Q120,9936,8606,415-35439,961-32,95541,929-7,70834,376
Q221,2056,8577,059-35840,761-34,39742,195-7,24634,955
Q321,2176,6716,61622342,511-35,31642,484-6,58635,664
Q420,9216,7136,296-9042,116-35,79341,908-6,27535,662
          
2011         
Q121,0986,7486,454-14542,878-35,24242,515-7,66235,017
Q220,9566,7466,86711243,657-34,33043,570-8,36135,161
Q320,5576,5546,13639544,056-34,11943,338-8,18735,000
Q420,7516,4596,13144643,792-33,96543,791-9,51434,462
          
2012         
Q120,4456,5796,555-48445,849-37,34042,673-8,36834,391
Q220,5506,5225,92039245,608-37,04342,822-7,29435,559
Q320,7146,4966,174145,599-36,69842,993-7,44335,367
Q420,6966,3198,02641045,486-36,07744,216-7,24036,968
          
2013         
Q120,3226,4316,29954844,824-36,28442,673-6,60736,100
Q220,3686,4216,14119846,255-36,78242,953-7,19135,808
Q320,5416,6476,68548346,284-37,19643,716-6,48737,039
Q420,5256,7437,066-32847,200-37,82143,679-5,83337,870
2014         
Q120,5046,6006,49645548,054-38,13444,849-6,97838,052
Percentage change on previous quarter       
2008         
Q1-0.3 -0.2 4.6 -2.1 -1.3 -0.0  4.2
Q2-1.7 -0.2 -13.1  -0.9 -3.2 -4.2  -5.2
Q30.4-0.3 9.2 -0.8 0.3-0.5  -2.9
Q4-1.7 0.6-22.4  -0.5 -4.1 -4.3  -3.7
          
2009         
Q1-3.8 -0.6 -2.1  -2.1 -4.2 -0.7  -0.4
Q2-0.1 -2.1 0.6 -0.8 -1.1 0.0 -1.8
Q3-0.4 -3.3 -6.6  -0.9 -3.2 -2.1  -3.0
Q40.3-0.1 3.0 0.64.2-0.9  -1.0
          
2010         
Q10.5-3.8 -19.3  2.8-3.0 1.0 1.9
Q21.0-0.0 10.0 2.04.40.6 1.7
Q30.1-2.7 -6.3  4.32.70.7 2.0
Q4-1.4 0.6-4.8  -0.9 1.4-1.4  -0.0
          
2011         
Q10.80.52.5 1.8-1.5 1.4 -1.8
Q2-0.7 -0.0 6.4 1.8-2.6 2.5 0.4
Q3-1.9 -2.9 -10.6  0.9-0.6 -0.5  -0.5
Q40.9-1.5 -0.1  -0.6 -0.5 1.0 -1.5
          
2012         
Q1-1.5 1.96.9 4.79.9-2.6  -0.2
Q20.5-0.9 -9.7  -0.5 -0.8 0.3 3.4
Q30.8-0.4 4.3 -0.0 -0.9 0.4 -0.5
Q4-0.1 -2.7 30.0 -0.2 -1.7 2.8 4.5
          
2013         
Q1-1.8 1.8-21.5  -1.5 0.6-3.5  -2.3
Q20.2-0.2 -2.5  3.21.40.7 -0.8
Q30.83.58.9 0.11.11.8 3.4
Q4-0.1 1.55.7 2.01.7-0.1  2.2
2014
Q1-0.1 -2.1 -8.1  1.80.82.7 0.5
Annex 1a - Trade Summary: Quarterly Breakdown of trade into goods/services at current and constant prices
   Trade at Current Prices   Trade at Constant Prices€ million
          Exports           Imports           Exports           Imports  
             
 TotalGoods Services TotalGoods Services TotalGoods Services TotalGoods Services
             
2008            
Q136,63021,74914,88133,68715,44618,24139,96123,30516,65737,57417,30620,268
Q237,77322,17815,59533,33214,47918,85341,44324,26517,17836,99816,26420,735
Q337,01621,55315,46332,45713,85718,60039,93922,97616,96235,81415,47020,344
Q438,76222,92515,83734,40013,44520,95540,78523,35917,42637,53114,68222,849
 150,18088,40561,775133,87657,22776,649162,12893,90568,223147,91763,72284,195
2009            
Q136,51121,93214,57930,82112,24518,57638,28422,55715,72733,43813,75719,681
Q237,69722,10415,59330,61811,38919,22939,79522,99716,79833,71213,31020,402
Q335,78320,48615,29728,08310,46817,61538,27621,67016,60631,30612,44018,866
Q436,37320,51815,85532,03411,07620,95839,30521,99417,31135,90413,28322,621
 146,36385,04061,323121,55545,17876,377155,66189,21866,442134,36052,79081,570
2010            
Q137,01121,46215,54929,63811,16618,47238,95722,42016,53732,17012,76719,404
Q240,21823,19717,02132,28011,82520,45541,70823,67918,02834,66313,30321,361
Q340,49123,38917,10231,81511,50920,30642,20224,09818,10433,96112,70321,257
Q440,09021,68518,40535,29012,35622,93442,39922,93319,46637,61913,45724,161
 157,81189,73368,078129,02346,85682,167165,26693,13172,135138,41452,23086,183
2011            
Q140,44622,88417,56233,19912,71220,48741,96323,95218,01134,62013,48421,135
Q242,43323,18319,25033,03412,25220,78244,63524,55720,07834,57513,15821,416
Q341,65323,02918,62431,46311,17520,28843,76824,29819,47032,72411,75220,972
Q442,55522,55120,00434,70112,18722,51443,96323,16920,79435,65412,59623,058
 167,08691,64775,439132,39848,32684,072174,32995,97678,353137,57250,99186,582
2012            
Q144,48824,56519,92336,28414,63021,65444,92324,81720,10636,60514,74221,863
Q246,59924,72521,87437,47513,11924,35646,69324,83721,85537,55713,17524,383
Q345,71224,43521,27735,56713,37922,18845,29024,10921,18135,27013,21722,053
Q445,70823,25122,45737,75313,44324,31045,60023,21222,38837,64813,43824,210
 182,50696,97685,530147,07954,57192,508182,50696,97685,530147,07954,57192,508
2013            
Q143,68722,46721,22035,36713,79621,57143,91222,76721,14535,54914,04421,506 
Q247,49824,09223,40637,43613,79823,63847,38424,21023,17437,40514,00823,397
Q345,88223,17222,71035,77913,58922,19045,95223,47722,47535,77413,78821,986
Q446,98822,03224,95639,11114,39724,71447,31822,55524,76339,30314,76824,535
 184,05691,76392,293147,69455,58092,114184,56593,01091,556148,03156,60891,423
2014            
Q146,66924,32022,34937,68914,17423,51547,16425,10722,05737,63514,20123,435
% growth rate year on year        
2008            
Q1-0.7-4.65.52.5-8.113.51.20.91.50.8-10.112.3
Q2-1.9-5.94.41.0-6.37.40.81.20.2-0.3-7.76.4
Q3-1.6-3.51.3-1.4-7.53.7-0.70.2-2.0-2.8-9.02.5
Q4-1.7-5.34.0-5.0-21.19.3-4.6-8.00.4-7.5-24.27.8
             
2009            
Q1-0.30.8-2.0-8.5-20.71.8-4.2-3.2-5.6-11.0-20.5-2.9
Q2-0.2-0.3-0.0-8.1-21.32.0-4.0-5.2-2.2-8.9-18.2-1.6
Q3-3.3-5.0-1.1-13.5-24.5-5.3-4.2-5.7-2.1-12.6-19.6-7.3
Q4-6.2-10.50.1-6.9-17.60.0-3.6-5.8-0.7-4.3-9.5-1.0
             
2010            
Q11.4-2.16.7-3.8-8.8-0.61.8-0.65.2-3.8-7.2-1.4
Q26.74.99.25.43.86.44.83.07.32.8-0.14.7
Q313.214.211.813.39.915.310.311.29.08.52.112.7
Q410.25.716.110.211.69.47.94.312.44.81.36.8
             
2011            
Q19.36.612.912.013.810.97.76.88.97.65.68.9
Q25.5-0.113.12.33.61.67.03.711.4-0.3-1.10.3
Q32.9-1.58.9-1.1-2.9-0.13.70.87.5-3.6-7.5-1.3
Q46.14.08.7-1.7-1.4-1.83.71.06.8-5.2-6.4-4.6
             
2012            
Q110.07.313.49.315.15.77.13.611.65.79.33.4
Q29.86.713.613.47.117.24.61.18.98.60.113.9
Q39.76.114.213.019.79.43.5-0.88.87.812.55.2
Q47.43.112.38.810.38.03.70.27.75.66.75.0
             
2013            
Q1-1.8-8.56.5-2.5-5.7-0.4-2.3-8.35.2-2.9-4.7-1.6
Q21.9-2.67.0-0.15.2-2.91.5-2.56.0-0.46.3-4.0
Q30.4-5.26.70.61.60.01.5-2.66.11.44.3-0.3
Q42.8-5.211.13.67.11.73.8-2.810.64.49.91.3
2014
Q16.88.25.36.62.79.07.410.34.35.91.19.0
Seasonally Adjusted (SA) Annex 1 - Trade Summary: Quarterly Breakdown of trade into goods/services at SA current and SA constant prices
  Trade at Current Prices  Trade at Constant Prices € million
         Exports         Imports          Exports          Imports
             
 TotalGoods Services TotalGoods Services TotalGoods Services TotalGoods Services
2008            
Q137,60522,11215,31034,20715,26719,05441,04923,70717,19138,20117,15821,181
Q237,02321,69715,29733,26314,49918,74040,66623,69416,91036,98516,26620,660
Q337,40921,92115,47033,71314,54918,99740,34923,30716,97537,11016,25220,819
Q438,25922,80215,66132,65913,01219,81840,15723,33317,09535,57614,16621,489
 150,29688,53261,737133,84257,32776,608162,22194,04168,171147,87363,84284,150
             
2009            
Q137,32822,10615,09731,30612,03519,35039,29722,76016,36334,06713,60420,550
Q236,94621,67715,21130,56911,40419,09338,97022,47616,45833,69513,27220,302
Q336,09420,71615,39329,38510,93718,11838,61721,87416,68632,62413,01119,436
Q436,11120,64715,57230,30610,84219,76938,85922,23916,88133,98712,96821,202
 146,47985,14661,273121,56545,21876,330155,74289,34966,389134,37252,85581,491
             
2010            
Q137,83521,60216,12630,25711,00319,26839,96122,57617,25732,95512,64120,301
Q239,27922,63316,58432,01111,71420,20840,76123,05117,62134,39713,13221,156
Q340,76223,53017,31233,16712,00220,96642,51124,19918,25535,31613,27421,976
Q440,04322,08718,01033,61612,20021,66042,11623,43718,97535,79313,24922,682
 157,91989,85268,032129,05146,91982,102165,34993,26372,107138,46252,29786,116
             
2011            
Q141,05922,77318,26833,68612,38921,30742,87823,83718,84035,24213,22222,058
Q241,55222,73718,67132,79512,21020,47643,65724,04919,54634,33013,03421,136
Q341,89323,05418,97332,83411,61721,03544,05624,30519,67834,11912,27121,767
Q442,64123,20319,47333,14012,11121,29243,79223,90620,27733,96512,47721,699
 167,14591,76675,384132,45548,32884,110174,38396,09778,342137,65651,00486,659
             
2012            
Q145,20524,47620,66836,91914,35722,59245,84924,70220,95737,34014,49022,842
Q245,51124,09521,26036,97712,95223,82345,60824,18121,27737,04312,96123,911
Q345,97224,39021,74536,94513,88223,03445,59924,07221,42236,69813,81622,911
Q445,84424,09821,81436,28813,38523,07645,48624,11821,88336,07713,32422,906
 182,53297,05985,487147,12854,57792,525182,54197,07385,538147,15854,59092,569
             
2013            
Q144,44422,35122,00636,04813,59422,50844,82422,59821,99736,28413,81722,424
Q246,32823,42522,76236,82713,59223,01346,25523,48422,56436,78213,76122,846
Q346,16923,11023,26537,12614,04823,07446,28423,44222,72937,19614,40522,881
Q447,09222,88224,21737,72114,34623,49847,20023,52924,26937,82114,64723,278
 184,03391,76892,251147,72255,58092,093184,56493,05291,559148,08356,63091,428
2014            
Q147,32324,03123,24438,18213,85224,46348,05424,75322,95938,13413,86024,355 
% growth rate quarter on quarter        
             
2008            
Q1-2.8 -7.1 1.2-1.1 -6.6 4.6-2.1 -5.6 0.5-1.3 -7.4 5.7
Q2-1.5 -1.9 -0.1 -2.8 -5.0 -1.6 -0.9 -0.1 -1.6 -3.2 -5.2 -2.5
Q31.01.01.11.40.31.4-0.8 -1.6 0.40.3-0.1 0.8
Q42.34.01.2-3.1 -10.6 4.3-0.5 0.10.7-4.1 -12.8 3.2
             
2009            
Q1-2.4 -3.1 -3.6 -4.1 -7.5 -2.4 -2.1 -2.5 -4.3 -4.2 -4.0 -4.4
Q2-1.0 -1.9 0.8-2.4 -5.2 -1.3 -0.8 -1.2 0.6-1.1 -2.4 -1.2
Q3-2.3 -4.4 1.2-3.9 -4.1 -5.1 -0.9 -2.7 1.4-3.2 -2.0 -4.3
Q40.0-0.3 1.23.1-0.9 9.10.61.71.24.2-0.3 9.1
             
2010            
Q14.84.63.6-0.2 1.5-2.5 2.81.52.2-3.0 -2.5 -4.2
Q23.84.82.85.86.54.92.02.12.14.43.94.2
Q33.84.04.43.62.53.84.35.03.62.71.13.9 
Q4-1.8 -6.1 4.01.41.73.3-0.9 -3.1 3.91.4-0.2 3.2 
              
2011             
Q12.53.11.40.21.5-1.6 1.81.7-0.7 -1.5 -0.2 -2.8
Q21.2-0.2 2.2-2.6 -1.4 -3.9 1.80.93.7-2.6 -1.4 -4.2
Q30.81.41.60.1-4.9 2.70.91.10.7-0.6 -5.9 3.0
Q41.80.72.60.94.31.2-0.6 -1.6 3.0-0.5 1.7-0.3
             
2012            
Q16.05.56.111.418.56.14.73.33.49.916.15.3
Q20.7-1.6 2.90.2-9.8 5.4-0.5 -2.1 1.5-0.8 -10.6 4.7
Q31.01.22.3-0.1 7.2-3.3 -0.0 -0.5 0.7-0.9 6.6-4.2
Q4-0.3 -1.2 0.3-1.8 -3.6 0.2-0.2 0.22.2-1.7 -3.6 -0.0
             
2013            
Q1-3.1 -7.3 0.9-0.7 1.6-2.5 -1.5 -6.3 0.50.63.7-2.1
Q24.24.83.42.2-0.0 2.23.23.92.61.4-0.4 1.9
Q3-0.3 -1.3 2.20.83.40.30.1-0.2 0.71.14.70.1
Q42.0-1.0 4.11.62.11.82.00.46.81.71.71.7
 
2014  
Q10.55.0-4.0 1.2-3.4 4.11.85.2-5.4 0.8-5.4 4.6
Annex 2 Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost -
(Chain linked annually and referenced to year 2012) Non-Seasonally Adjusted and Seasonally Adjusted and Seasonally Adjusted
        
 NON-SEASONALLY ADJUSTED SEASONALLY ADJUSTED
        
  of whichof which  of whichof which
PeriodIndustryTransportable Goods Industries and Utilities Building and Construct. Industry Transportable Goods Industries and UtilitiesBuilding and construct.
2008       
Q112,51510,6011,690 12,16310,1711,729
Q212,54510,9401,574 12,06410,2481,634
Q311,4829,5571,616 11,96110,2721,559
Q410,3178,5571,464 10,8259,0591,427
2009       
Q111,55110,3621,265 11,0399,8391,296
Q211,39610,4241,146 10,8489,7111,195
Q39,6478,4911,140 10,1649,1591,095
Q49,2518,2041,062 9,8978,8681,031
2010       
Q111,34610,54282910,7299,898863
Q210,98410,17284010,3629,458870
Q39,8849,03189210,4669,677854
Q410,0719,26284210,78910,056812
2011       
Q111,13510,386755 10,4929,684788
Q211,35110,624726 10,6459,856759
Q310,3569,633734 10,95510,268701
Q410,4869,790700 11,29510,692671
2012       
Q111,37310,723630 10,6729,925670
Q211,90611,228656 11,17410,476680
Q39,7759,080710 10,3389,692676
Q49,2538,536744 10,1949,515709
2013       
Q111,22410,556668 10,4449,710718
Q211,14710,424723 10,4209,670747
Q310,0839,250834 10,5839,840792
Q49,2518,411840 10,3279,453798
2014       
Q111,46210,744719 10,6179,897769
Percentage change on corresponding period of previous year Percentage change on previous quarter
2008       
Q1-3.4-3.9-2.2 -5.2-7.14.0
Q20.51.0-2.0 -0.80.8-5.5
Q3-4.2-3.7-4.5 -0.90.2-4.6
Q4-17.9-19.4-14.2 -9.5-11.8-8.5
2009       
Q1-7.7-2.3-25.2 2.08.6-9.2
Q2-9.2-4.7-27.2 -1.7-1.3-7.8
Q3-16.0-11.2-29.5 -6.3-5.7-8.4
Q4-10.3-4.1-27.5 -2.6-3.2-5.8
2010       
Q1-1.81.7-34.5 8.411.6-16.2
Q2-3.6-2.4-26.7 -3.4-4.40.7
Q32.56.4-21.8 1.02.3-1.8
Q48.912.9-20.7 3.13.9-4.9
2011       
Q1-1.9-1.5-8.9 -2.8-3.7-2.9
Q23.34.4-13.5 1.51.8-3.7
Q34.86.7-17.6 2.94.2-7.7
Q44.15.7-16.8 3.14.1-4.2
2012       
Q12.13.2-16.6 -5.5-7.2-0.1
Q24.95.7-9.6 4.75.61.5
Q3-5.6-5.7-3.3 -7.5-7.5-0.6
Q4-11.8-12.86.2 -1.4-1.84.9
2013       
Q1-1.3-1.66.1 2.52.01.4
Q2-6.4-7.210.1 -0.2-0.43.9
Q33.21.917.4 1.61.86.1
Q4-0.0-1.513.0 -2.4-3.90.7
2014
Q12.11.87.6 2.84.7-3.6
Annex 3A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2012) -Non Seasonally Adjusted
           € million
              
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
              
PeriodPersonal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationFinal Domestic DemandValue of physical changes in stocksTotal Domestic Demand Personal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationFinal Domestic DemandValue of physical changes in stocksTotal Domestic Demand
200894,71230,77545,221170,707-330170,377 88,40430,21540,535159,643-328159,194
200983,56529,65033,082146,297-1,490144,807 83,64629,15132,225145,191-1,471143,689
201082,44726,43726,106134,990-569134,421 84,41327,06926,418137,934-577137,340
201182,96926,11124,841133,921780134,701 83,43426,49025,650135,604782136,390
201282,46725,92226,923135,312288135,600 82,46725,92226,923135,312288135,600
201383,33425,95626,541135,831837136,668 81,79726,27326,275134,345861135,206
2008             
Q123,8067,54913,93045,285-39044,895 22,3597,47712,24842,416-59641,985
Q223,1077,62810,83541,57152942,099 21,5487,4859,69938,82181839,263
Q323,2547,63511,09341,982-2741,955 21,7117,44910,03739,3688039,356
Q424,5447,9619,36341,869-44241,427 22,7867,8038,55139,037-63038,590
 94,71230,77545,221170,707-330170,377 88,40430,21540,535159,643-328159,194
2009             
Q121,0447,7809,29538,120-56837,550 20,7717,4678,83337,312-57136,746
Q220,4297,2088,44936,0871436,101 20,4527,3398,11335,7058035,748
Q320,2137,2067,08234,501-43034,071 20,4307,0267,08434,608-48634,124
Q421,8797,4558,25637,590-50537,084 21,9937,3198,19537,566-49437,071
 83,56529,65033,082146,297-1,490144,807 83,64629,15132,225145,191-1,471143,689
2010             
Q120,2196,6976,88433,800-52733,272 20,7896,8016,88734,551-55333,997
Q220,1366,4866,82933,450-10633,344 20,6706,8486,90934,237-6734,165
Q320,3146,4305,78732,53035332,883 20,8476,5805,99533,42334833,763
Q421,7786,8256,60735,210-28834,922 22,1076,8396,62635,723-30535,415
 82,44726,43726,106134,990-569134,421 84,41327,06926,418137,934-577137,340
2011             
Q120,3936,5136,66533,570-31733,253 20,6996,7626,87534,194-36633,816
Q220,3026,5056,47633,28240333,685 20,4916,6806,65733,75835834,121
Q320,0756,5605,40432,03959932,638 20,2286,5115,55732,44063233,082
Q422,1996,5346,29635,0299535,124 22,0166,5376,56135,21215835,370
 82,96926,11124,841133,921780134,701 83,43426,49025,650135,604782136,390
2012             
Q119,8956,6026,77633,272-57732,695 20,0346,6026,95533,583-61232,962
Q219,9066,4305,68432,02054932,568 19,9866,4305,65632,08853732,631
Q320,3456,5115,69032,54629032,835 20,4126,5115,60132,54428932,836
Q422,3226,3808,77337,4752737,502 22,0356,3808,71237,0987337,172
 82,46725,92226,923135,312288135,600 82,46725,92226,923135,312288135,600
2013             
Q120,0896,4316,61033,13040933,539 19,8736,4476,67332,99349933,493
Q220,0376,4595,83032,32624032,565 19,7456,2975,76431,80628732,093
Q320,6236,4756,23533,33379834,131 20,2696,6996,11533,08378733,870
Q422,5866,5917,86637,043-61036,433 21,9106,8307,72336,462-71335,750
 83,33425,95626,541135,831837136,668 81,79726,27326,275134,345861135,206
2014             
Q120,4476,3656,90833,72031934,038 19,9156,6146,86433,39343533,828
Percentage change on corresponding period of previous year    Percentage change on corresponding period of previous year  
2008             
Q16.46.3-11.40.2 -0.8 3.61.5-4.70.3 -0.6
Q21.96.4-18.6-3.7 -3.3 -0.22.2-10.6-3.0 -2.7
Q31.13.6-9.1-1.4 -0.3 -0.3-1.2-1.2-0.6 0.8
Q4-2.14.5-28.5-8.5 -11.6 -2.7-0.2-22.2-7.9 -11.0
              
2009             
Q1-11.63.1-33.3-15.8 -16.4 -7.1-0.1-27.9-12.0 -12.5
Q2-11.6-5.5-22.0-13.2 -14.2 -5.1-1.9-16.4-8.0 -9.0
Q3-13.1-5.6-36.2-17.8 -18.8 -5.9-5.7-29.4-12.1 -13.3
Q4-10.9-6.4-11.8-10.2 -10.5 -3.5-6.2-4.2-3.8 -3.9
              
2010             
Q1-3.9-13.9-25.9-11.3 -11.4 0.1-8.9-22.0-7.4 -7.5
Q2-1.4-10.0-19.2-7.3 -7.6 1.1-6.7-14.8-4.1 -4.4
Q30.5-10.8-18.3-5.7 -3.5 2.0-6.3-15.4-3.4 -1.1
Q4-0.5-8.5-20.0-6.3 -5.8 0.5-6.6-19.1-4.9 -4.5
              
2011             
Q10.9-2.7-3.2-0.7 -0.1 -0.4-0.6-0.2-1.0 -0.5
Q20.80.3-5.2-0.5 1.0 -0.9-2.5-3.6-1.4 -0.1
Q3-1.22.0-6.6-1.5 -0.7 -3.0-1.1-7.3-2.9 -2.0
Q41.9-4.3-4.7-0.5 0.6 -0.4-4.4-1.0-1.4 -0.1
              
2012             
Q1-2.41.41.7-0.9 -1.7 -3.2-2.41.2-1.8 -2.5
Q2-1.9-1.2-12.2-3.8 -3.3 -2.5-3.8-15.0-4.9 -4.4
Q31.3-0.75.31.6 0.6 0.9-0.00.80.3 -0.7
Q40.6-2.339.37.0 6.8 0.1-2.432.85.4 5.1
              
2013             
Q11.0-2.6-2.5-0.4 2.6 -0.8-2.3-4.1-1.8 1.6
Q20.70.52.61.0 -0.0 -1.2-2.11.9-0.9 -1.6
Q31.4-0.59.62.4 3.9 -0.72.99.21.7 3.2
Q41.23.3-10.3-1.2 -2.8 -0.67.0-11.4-1.7 -3.8
2014
Q11.8-1.04.51.8 1.5 0.22.62.91.2 1.0
Annex 3B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2012) -Seasonally Adjusted   
            € million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
              
PeriodPersonal comsumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationFinal Domestic DemandValue of physical changes in stockTotal Domestic Demand Personal Personal comsumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationFinal Domestic DemandValue of physical changes in stockTotal Domestic Demand
              
2008             
Q123,9227,57813,01144,878-32044,750 22,4137,57011,39541,893-52341,626
Q223,6877,72211,13342,42820942,930 22,0407,5539,90239,78434739,974
Q323,8127,68212,04743,23115743,674 22,1337,53110,81540,58039440,864
Q423,2547,8109,02740,138-40939,110 21,7687,5788,39237,389-59536,775
2009             
Q121,2657,7958,71537,952-40737,708 20,9347,5348,21837,034-38636,716
Q220,9217,2828,63636,808-27436,778 20,9217,3798,27036,516-32636,319
Q320,6747,2527,78035,597-43635,351 20,8297,1357,72035,735-42235,320
Q420,6527,3347,87435,794-38734,903 20,8977,1297,95135,791-36035,229
2010             
Q120,4666,6936,44533,743-34933,522 20,9936,8606,41534,353-35434,048
Q220,6976,5537,00834,224-32134,078 21,2056,8577,05935,123-35834,854
Q320,7526,4616,42433,62619533,987 21,2176,6716,61634,54022334,826
Q420,4646,7356,20133,259-8532,803 20,9216,7136,29633,817-9033,553
2011             
Q120,8436,5206,32933,770-12433,801 21,0986,7486,45434,301-14534,213
Q220,7966,5516,64534,07721834,347 20,9566,7466,86734,59811234,720
Q320,4726,5806,00033,09533733,567 20,5576,5546,13633,45139533,963
Q420,7826,4645,82732,87437632,977 20,7516,4596,13133,17444633,457
2012             
Q120,3396,6096,41933,482-46133,160 20,4456,5796,55533,663-48433,235
Q220,4986,4725,94633,02844233,448 20,5506,5225,92033,15639233,517
Q320,7206,5186,30133,580-2833,637 20,7146,4966,17433,475133,591
Q420,8276,3248,02234,99136835,206 20,6966,3198,02634,81741035,109
2013             
Q120,5726,4466,25433,35345133,948 20,3226,4316,29933,07354833,689
Q220,6956,4926,21733,55318233,634 20,3686,4216,14133,08319833,195
Q320,9746,4766,85634,32046334,875 20,5416,6476,68533,93148334,565
Q421,0316,5397,13034,472-22734,175 20,5256,7437,06634,134-32833,722
2014             
Q121,0836,4026,61334,11133934,614 20,5046,6006,49633,65945534,211
Percentage change on previous quarter    Percentage change on previous quarter  
2008             
Q10.31.72.01.7 0.7 -0.3-0.24.62.7 0.4
Q2-1.01.9-14.4-5.5 -4.1 -1.7-0.2-13.1-5.0 -4.0
Q30.5-0.58.21.9 1.7 0.4-0.39.22.0 2.2
Q4-2.31.7-25.1-7.2 -10.4 -1.70.6-22.4-7.9 -10.0
2009             
Q1-8.6-0.2-3.5-5.4 -3.6 -3.8-0.6-2.1-1.0 -0.2
Q2-1.6-6.6-0.9-3.0 -2.5 -0.1-2.10.6-1.4 -1.1
Q3-1.2-0.4-9.9-3.3 -3.9 -0.4-3.3-6.6-2.1 -2.8
Q4-0.11.11.20.6 -1.3 0.3-0.13.00.2 -0.3
2010             
Q1-0.9-8.7-18.1-5.7 -4.0 0.5-3.8-19.3-4.0 -3.4
Q21.1-2.18.71.4 1.7 1.0-0.010.02.2 2.4
Q30.3-1.4-8.3-1.7 -0.3 0.1-2.7-6.3-1.7 -0.1
Q4-1.44.3-3.5-1.1 -3.5 -1.40.6-4.8-2.1 -3.7
2011             
Q11.9-3.22.11.5 3.0 0.80.52.51.4 2.0
Q2-0.20.55.00.9 1.6 -0.7-0.06.40.9 1.5
Q3-1.60.4-9.7-2.9 -2.3 -1.9-2.9-10.6-3.3 -2.2
Q41.5-1.8-2.9-0.7 -1.8 0.9-1.5-0.1-0.8 -1.5
2012             
Q1-2.12.210.21.8 0.6 -1.51.96.91.5 -0.7
Q20.8-2.1-7.4-1.4 0.9 0.5-0.9-9.7-1.5 0.8
Q31.10.76.01.7 0.6 0.8-0.44.31.0 0.2
Q40.5-3.027.34.2 4.7 -0.1-2.730.04.0 4.5
2013             
Q1-1.21.9-22.0-4.7 -3.6 -1.81.8-21.5-5.0 -4.0
Q20.60.7-0.60.6 -0.9 0.2-0.2-2.50.0 -1.5
Q31.4-0.310.32.3 3.7 0.83.58.92.6 4.1
Q40.31.04.00.4 -2.0 -0.11.55.70.6 -2.4
2014
Q10.2-2.1-7.3-1.0 1.3 -0.1-2.1-8.1-1.4 1.4

Background Notes

 

Introduction 

This release gives the official quarterly national accounts estimates for Ireland. It provides the first set of results for Q1 of 2014 and preliminary results for the year 2013 .

National accounts are compiled in the EU according to the European System of National and Regional Accounts (ESA) framework. In 2014, the new ESA 2010 framework will replace the current ESA 95 version and all EU member states are required to adopt ESA 2010 by September 2014.  ESA 2010 is the European version of the current UN mandated international standards for national accounts statistics, the System of National Accounts (SNA) 2008.  The results for all years in this release are published on an ESA 2010 basis. For Ireland, the ESA 2010 change with the greatest impact on gross domestic product (GDP) is the new treatment of research and development (R&D) expenditure.  Under ESA95, R&D expenditure was treated as an ancillary cost to the main production of an enterprise, while under ESA2010, R&D expenditure is recognised as capital investment.

 

In addition to the ESA 2010 changes, the results include additional estimates for illegal economic activities in line with the requirement from the European statistical agency, Eurostat to include such estimates in the National Accounts before September 2014.

The aggregates shown have been derived from a wide variety of sources. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates given in this release have a higher margin of error than the annual figures.

 

The aggregates shown have been derived from a wide variety of sources. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates given in this release have a higher margin of error than the annual figures.

Revisions 

Figures for previous quarters have been revised and realigned with the latest annual estimates for 2013 and earlier years which have been published today.

 

Nace classification 

In compliance with EU regulations the Nace Rev. 2 classification system is used in tables 1, 4 and Annex 2. (The national classification system that was used up to and including the Q4 2011 QNA results that were published in March 2012 was replaced with the Nace Rev. 2 classification system in the Q1 2012 results published in July 2012). 

The results for the economy are shown for five sectors. The contents of the sectors conform to the Nace Rev. 2 system.  The “Publishing” industry is classified in the sector “Distribution, transport, software and communication”. In addition, enterprises in the Hotels and catering sector are also classified to this sector. The “Software” industry is also part of the “Distribution transport, software and communications” category in the NACE rev 2 classification.

 

In tables 1 and 4 the following is the correspondence with the relevant sections of Nace Rev. 2:

  

Agriculture, forestry and fishing   Section A
Industry    Sections B to F
Distribution, transport, software & communications   Sections G to J
Public Administration and Defence  Section O
Other Services

 Sections K to N

and P to U

             

For further information on the Nace Rev. 2 classification of industrial activity, visit the CSO website:

http://www.cso.ie/en/surveysandmethodology/classifications/classificationofindustrialactivity.

 

Current Price

For the annual accounts, GDP at current prices is calculated using two independent approaches i.e. the income and expenditure methods. On a quarterly basis, it is not possible to compile a reliable income based estimate. The estimates in current prices are on the expenditure basis only and these are supplied in Table 2. The balancing item (i.e. the statistical discrepancy) which is required to adjust the expenditure based estimate to the definitive measure of GDP (the average of income and expenditure) has been projected forward into 2014 in line with the trend in the aggregate of all the other expenditure items 

Volumes

At constant prices, two measures (output and expenditure) are used. These measures are now being produced using annual chain linked indices. On the output side, for each quarter, the volume growth measures at a detailed level are weighted together using value added weights of the previous year.

Similarly, on the expenditure side, the growth estimates are weighted by expenditure weights of the previous year. The average of the two measures is the growth measure used. The change over a period of years is then calculated by linking together the annual changes. The estimates in this release are referenced to 2012 values. A consequence of this method is that the individual components of GDP at reference year values do not add to the total.                                       

Definitions  

Gross Domestic Product (GDP) represents the total value added (output) in the production of goods and services in the country. 

Net factor income from the rest of the world (NFI) is the difference between investment income (interest, profits etc.) and labour income earned abroad by Irish resident persons and companies (inflows) and similar incomes earned in Ireland by non-residents (outflows). The data are taken from the Balance of Payments statistics that are based on the new BPM6 framework introduced in the Q1 2014 Balance of Payments release. (BPM6 is consistent with ESA 2010:for further details please refer to Q1 2014 Balance of Payments release) The components of interest flows involving banks in the Net factor income item in the national accounts are constructed on the basis of “pure” interest rates (that is exclusive of FISIM).Under BPM5 based Balance of Payments data released previously, this FISIM adjustment was not carried out. However, under the new BPM6 framework,FISIM is now being treated as part of financial services,rather than income,bringing it into line with the treatment of FISIM in national accounts statistics. The deflator used to generate the constant price figures is based on the implied quarterly price index for the exports of goods and services. In some years exceptional income payments have had to be deflated individually. 

Gross National Product (GNP) is the sum of GDP and NFI. Because NFI is the difference between two large gross flows, its magnitude can fluctuate greatly from one quarter to another. This can lead to significant differences between the GDP and GNP growth rate for the same quarter.

 

Methodology             Table 1: Output Measure

The estimation procedures are similar to those used for the annual accounts whenever possible.  However, in a number of cases the annual methodology cannot be followed due to the lack of relevant data. 

Agriculture, Forestry and Fishing

The estimate for Agriculture is calculated by using the available sub-annual information for exports and slaughterings of animals, milk deliveries, stock changes (six-monthly), fertiliser and feeding stuffs usage etc. For some items, annual figures are distributed equally across the quarters. Monthly sea fish landings are used to estimate the quarterly output of fishing. 

Industry 

The gross value added of manufacturing industy is calculated by applying monthly volume of production indices to the previous year's quarterly gross value added, including royalties. Royalties are separately deflated using the export price index and then deducted. 

Changes in the volume of investment in construction projects are used to estimate the output of the building and construction sector.

 

Distribution, Transport, Software and Communications

For distribution the methods used are similar to those used for the annual calculation. They rely heavily on the retail sales indices and other CSO services inquiries. In the case of transport, most of the output measures used for the annual calculations are available on a quarterly basis. 

For communications the main data sources are direct inquiries to the suppliers, with additional data and trend estimation for some residual components. 

Public Administration and Defence

The quarterly estimate of value added for public administration and defence has been calculated based on the employment trends in the public sector. 

Other Services (Incl. Rent)

The Other Services category covers a variety of service activities, some of which are surveyed on a quarterly basis by the CSO. For some services, information on outputs is not directly available on a quarterly basis. In most of these cases, quarterly estimates are derived using trends in related indicators. In a small number of residual cases, annual estimates are distributed equally across the quarters. 

Taxes and Subsidies

Taxes and subsidies are deflated at a detailed level using appropriate price indices.  Value added taxes and excise duties have been accrued and recorded in the period in which the underlying expenditure took place. 

Net factor income from the rest of the world

The value of net income flows with the rest of the world in the Quarterly National Accounts release is generally consistent with the published Balance of Payments statistics except for the FISIM adjustment (see the definition of this item above). 

Tables 2 and 3: Expenditure Measures

 The various components of the expenditure based measure of GDP are defined in the annual National Income and Expenditure publication. The methods used for the quarterly series are similar to those used for the annual where possible but in many cases alternative methods have been applied. 

Personal Consumption Expenditure is estimated using CSO data, such as the Retail Sales Indices together with some direct inquiries. Administrative data sources are used for some goods such as fuel and power products and motor vehicles. Constant price estimates are obtained using components of the Consumer Price Index (CPI). 

Net Expenditure by Central and Local Government at current market prices is estimated using Government records. From Q2 of 2009 it is calculated net of the public sector pension levy introduced in March 2009. The constant price estimates of remuneration are derived by extrapolating base year estimates using an index of employment or using appropriate deflators for wages and are unaffected by the pension levy which is treated as a reduction in wage rates. Expenditure on goods and services is deflated partly by consumer price indices and partly by wholesale price indices. 

Gross Domestic Fixed Capital Formation at current market prices includes expenditure on building and construction work and machinery and equipment. The quarterly estimates of dwellings are based on data from the Department of Environment’s (DoE) Quarterly Housing Bulletin. Information on other building and construction is based on the CSO’s quarterly index of production in Building and Construction. Quarterly estimates of commercial vehicles used in the business sector are estimated using administrative data. Estimates of other machinery and equipment and R&D (included under ESA 2010 standards) are made by reference to import statistics and the CSO Quarterly Capital Assets in Industry Inquiry. Current estimates are deflated to prices of the previousyear using appropriate price indices such as components of the Wholesale Price Index (WPI) and indices for construction activity year using appropriate price indices such as components of the Wholesale Price Index (WPI) and indices for construction activity. 

Value of Physical Changes in Stocks at current pricescovers stock changes in the agricultural, industrial and distribution sectors and in intervention stocks. This item measures the actual value change in stocks between the beginning and end of quarter adjusted for any changes in the prices of the underlying commodities. Data on industrial and distribution stocks are taken from published and unpublished components of the CSO Quarterly Stocks Inquiry. Agricultural stocks are estimated from the results of CSO’s agricultural enumerations and statistics on animal slaughterings, etc. Constant price estimates are calculated by deflating the current estimates using relevant price indices and price data on agricultural and intervention stocks. Some adjustments have been made to the stocks values to improve the coherence of the quarterly accounts. These are judgmental adjustments to allow for within-year timing differences between the output and expenditure measures. Over a calendar year, these adjustments are neutral. 

Exports and Imports of Goods and Services at current prices are taken from the CSO Balance of Payments series. An adjustment is made for FISIM (see the definition of “net factor income from the rest of the world” page 12) Current price estimates are converted to previous year prices using the available price indices, including export and import unit value indices. 

A very significant fall in the pattern of distributive type trade with Great Britain in Electrical machinery and parts in 2002 has a very large influence on year-on-year comparisons of both exports and imports for 2003 and the latter part of 2002. While the comparisons of gross flows are considerably influenced, the net balance of trade is not significantly affected.

 

Seasonal Adjustment

Seasonal adjustment is conducted using the direct seasonal adjustment approach. Under this approach each individual time series is independently adjusted, i.e. aggregate series are adjusted without reference to the component series. This direct approach is applied  to GDP and GNP and the seasonally adjusted GDP and GNP are not derived as the sum of the seasonally adjusted components (such as Personal Consumption, Exports etc.) but rather by seasonally adjusting the unadjusted values of GDP and GNP as shown in Tables 1 - 3. On this account, and also because of the statistical discrepancy in the original series, the sum of the seasonally adjusted components of GDP and GNP do not add to the respective seasonally adjusted series. As part of the seasonal adjustment process, ARIMA models are identified for each series based on unadjusted data spanning Q1 1997 to Q1 2014. These models are then applied to the entire series (Q1 1997 to Q1 2014). Seasonal factors and the parameters of the ARIMA models are updated each quarter. 

The adjustments are completed by applying the X-12-ARIMA model, developed by the U.S. Census Bureau to the unadjusted data. This methodology estimates seasonal factors while also taking into consideration factors that impact on the quality of the seasonal adjustment such as, for example:

• Calendar effects, e.g. the timing of Easter

• Outliers, temporary changes and level shifts in the series

 

For additional information on the use of X-12-ARIMA see (Findley, D.F., B.C. Monsell, W.R. Bell, M.C. Otto, and B. Chen (1998), “New Capabilities and Methods of the X-12-Arima Seasonal Adjustment Program”, Journal of Business & Economic Statistics, 16, pp. 127-177.)

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