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E-mail: nat_acc@cso.ie Gordon Cavanagh (+353) 1 498 4307 Andrew McManus (+353) 1 498 4368 Stephen McDonagh (+353) 1 498 4364

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information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5775

CSO statistical release, 12 July 2016, 11am

Quarterly National Accounts

Quarter 1 2016

GDP and GNP (seasonally adjusted) at constant 2014 prices

	Q1 2016	Q1 2016
	Amount €m	Quarterly % change
GDP	61,490	-2.1
GNP	50,786	1.3

Quarterly decrease of 2.1 per cent in GDP

Figure 1 Seasonally Adjusted growth rates(% change on previous quarter)

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On a seasonally adjusted basis, initial estimates indicate that GDP in volume terms decreased by 2.1 per cent for the first quarter of 2016. Growth in GNP increased by 1.3 per cent in this quarter.

Value added increase for service sectors in Q1, manufacturing and agriculture decline

Value added increased for all service sectors in the quarter (Table 4). The distribution, transport, software and communications sector increased by 2.8 per cent with the public administration and defence sector increasing by 1.9 per cent. Other Services rose by 1.6 per cent. There was an overall decrease of 9.2 per cent in industry, within which manufacturing recorded a decline of 11.1 per cent while building and construction recorded a small increase of 0.1 per cent in real terms. Agriculture recorded a quarterly decrease of 4.1 per cent.

Personal Consumption and Government expenditure increase, Capital Investment declines

On the expenditure side of the accounts (Table 6), personal consumption, which accounts for approximately 55 per cent of domestic demand, rose by 2.1 per cent while government expenditure exhibited an increase of 1.6 per cent over the same period. Capital formation declined by 16.1 per cent during Q1 2016 compared with the previous quarter. Total domestic demand decreased by 3.5 per cent in Q1 2016 over Q4 2015.

Exports and Imports both declined in Q1 2016 compared with Q4 2015 but with the import decline of 9.8 per cent outpacing the decline in exports of 5.0 per cent, overall net exports for the quarter rose by 11.2 per cent. When combined with the 3.5 per cent decline in domestic demand, the result was an overall decrease in real GDP in Q1 2016 of 2.1 per cent.

The calculation methods for quarterly accounts are similar to those used in the annual National Income and Expenditure. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates are subject to a greater margin of error than the annual figures. These preliminary estimates will therefore be revised when the next detailed annual results are published.

Comparisons with Q1 2015

On the output side of the accounts, gross value added in Agriculture, forestry and fishing increased by 10.4 per cent while Other Services increased by 6.7 per cent. Public administration and defence increased by 5.6 per cent in Q1 2016 compared to the same quarter last year while distribution, transport, software and communication increased by 2.6 per cent. Industry (including Building and construction) increased by 1.8 per cent compared with the same quarter of 2015.

On the expenditure side, Personal expenditure rose by 5.0 per cent. Government expenditure increased by 3.5 per cent while Capital investment decreased by 3.8 per cent compared to Q1 2015. Net exports were €453m lower in the first quarter of 2016 compared with the corresponding quarter of 2015.

Overall, GDP was 2.3 per cent higher in Q1 2016 compared to the same period last year. Factor income outflows were €3,428m lower in Q1 2016 compared with Q1 2015, resulting in an overall increase in GNP of 10.6 per cent year-on-year.

X-axis label	GDP %	GNP %
2015 Q1	21.3798120269657	6.49377576430987
2015 Q2	-0.428589973646552	7.31920087647626
2015 Q3	3.10766039403111	-1.35901933072005
2015 Q4	2.2524626516736	3.11334941585608
2016 Q1	-2.08238454073796	1.29774744249404

Show Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*

Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)											€million
Period	Agric. forestry and fishing	Industry	of which Building and construction	Dist. transport software and comms.	Public admin. and defence	Other services (including rent)	GDP at constant factor cost	Taxes less subsidies	GDP at constant market cost	Net factor income from rest of world	GNP at constant market prices



2010	3,937	46,984	5,622	42,515	7,517	65,396	162,818	15,362	178,190	-29,053	149,379
2011	4,109	46,564	4,895	41,823	7,592	64,170	163,173	14,937	178,118	-34,618	143,434
2012	3,960	45,525	4,560	41,519	7,420	63,579	161,093	15,041	176,153	-33,191	142,903
2013	3,651	43,461	4,938	44,123	7,160	64,918	161,897	16,180	178,089	-28,452	149,658
2014	4,154	46,525	5,405	47,107	7,161	71,825	174,860	18,300	193,160	-29,715	163,445
2015	4,585	87,144	5,789	50,727	7,571	76,023	224,372	19,542	243,914	-49,928	193,986
2010
Q1	1,028	12,559	1,370	10,299	1,834	15,797	39,671	4,393	44,084	-8,178	35,992
Q2	1,346	11,882	1,387	10,407	1,894	15,995	41,215	3,482	44,737	-8,215	36,606
Q3	890	11,523	1,473	11,045	1,934	16,407	40,739	5,048	45,801	-7,317	38,542
Q4	673	11,021	1,391	10,764	1,856	17,197	41,192	2,439	43,569	-5,343	38,240
2011
Q1	1,055	11,906	1,233	10,185	1,879	15,176	39,515	4,433	43,973	-8,689	35,260
Q2	1,387	12,373	1,179	10,451	1,959	15,887	41,792	3,376	45,152	-9,118	35,999
Q3	950	11,533	1,262	10,553	1,895	16,310	40,598	4,709	45,335	-8,537	36,797
Q4	718	10,752	1,221	10,634	1,859	16,797	41,269	2,419	43,658	-8,275	35,379
2012
Q1	1,129	12,030	1,018	10,314	1,805	15,204	39,234	4,434	43,669	-8,901	34,749
Q2	1,404	12,152	1,051	9,888	1,858	15,329	41,122	3,381	44,504	-8,356	36,133
Q3	830	11,191	1,194	10,590	1,894	16,223	39,799	4,931	44,729	-8,304	36,410
Q4	597	10,153	1,297	10,727	1,863	16,823	40,937	2,295	43,252	-7,630	35,610
2013
Q1	765	11,308	1,055	10,418	1,728	15,379	38,448	4,714	43,161	-7,187	35,974
Q2	1,115	11,490	1,134	10,597	1,791	15,645	40,354	3,565	43,921	-8,216	35,690
Q3	998	10,903	1,354	11,406	1,841	16,549	41,751	5,143	46,893	-7,263	39,639
Q4	773	9,761	1,396	11,703	1,800	17,346	41,344	2,757	44,115	-5,786	38,354
2014
Q1	875	11,431	1,174	10,798	1,772	16,881	40,905	5,150	46,047	-7,531	38,525
Q2	1,347	12,639	1,311	11,555	1,838	17,004	43,235	4,169	47,402	-7,992	39,424
Q3	1,048	11,565	1,493	12,310	1,800	18,405	45,325	5,399	50,705	-7,784	42,921
Q4	883	10,890	1,427	12,445	1,750	19,536	45,395	3,582	49,005	-6,408	42,575
2015
Q1	943	20,499	1,304	12,274	1,820	17,951	53,350	5,652	59,002	-13,891	45,112
Q2	1,363	20,906	1,352	12,151	1,908	18,079	54,409	4,510	58,919	-9,251	49,668
Q3	1,263	23,334	1,553	13,714	1,936	19,472	57,486	5,569	63,055	-13,322	49,733
Q4	1,016	22,405	1,580	12,587	1,907	20,521	59,127	3,811	62,938	-13,465	49,473
2016
Q1	1,041	20,878	1,335	12,595	1,922	19,153	54,405	5,932	60,337	-10,463	49,874
Percentage change on corresponding period of previous year
2010	0.3	2.9	-24.0	1.2	2.8	4.4	2.4	-2.2	2.0		3.8
2011	4.4	-0.9	-12.9	-1.6	1.0	-1.9	0.2	-2.8	-0.0		-4.0
2012	-3.6	-2.2	-6.8	-0.7	-2.3	-0.9	-1.3	0.7	-1.1		-0.4
2013	-7.8	-4.5	8.3	6.3	-3.5	2.1	0.5	7.6	1.1		4.7
2014	13.8	7.1	9.5	6.8	0.0	10.6	8.0	13.1	8.5		9.2
2015	10.4	87.3	7.1	7.7	5.7	5.8	28.3	6.8	26.3		18.7
2010
Q1	-3.4	0.4	-32.5	-1.0	2.9	1.7	0.2	-4.8	-0.3		-1.6
Q2	-4.8	-1.2	-24.5	0.1	2.6	3.5	2.0	-3.0	1.5		1.6
Q3	7.8	5.7	-19.4	3.0	3.5	3.7	4.0	2.2	3.9		7.0
Q4	8.6	8.0	-18.2	2.7	2.3	8.8	3.6	-4.9	3.1		8.2
2011
Q1	2.6	-5.2	-10.0	-1.1	2.5	-3.9	-0.4	0.9	-0.3		-2.0
Q2	3.0	4.1	-15.0	0.4	3.5	-0.7	1.4	-3.0	0.9		-1.7
Q3	6.8	0.1	-14.3	-4.4	-2.0	-0.6	-0.3	-6.7	-1.0		-4.5
Q4	6.7	-2.4	-12.3	-1.2	0.2	-2.3	0.2	-0.8	0.2		-7.5
2012
Q1	7.0	1.0	-17.4	1.3	-3.9	0.2	-0.7	0.0	-0.7		-1.4
Q2	1.2	-1.8	-10.8	-5.4	-5.2	-3.5	-1.6	0.1	-1.4		0.4
Q3	-12.6	-3.0	-5.4	0.3	-0.1	-0.5	-2.0	4.7	-1.3		-1.0
Q4	-16.8	-5.6	6.2	0.9	0.2	0.2	-0.8	-5.1	-0.9		0.7
2013
Q1	-32.2	-6.0	3.6	1.0	-4.3	1.2	-2.0	6.3	-1.2		3.5
Q2	-20.6	-5.4	7.8	7.2	-3.6	2.1	-1.9	5.4	-1.3		-1.2
Q3	20.2	-2.6	13.4	7.7	-2.8	2.0	4.9	4.3	4.8		8.9
Q4	29.4	-3.9	7.6	9.1	-3.4	3.1	1.0	20.1	2.0		7.7
2014
Q1	14.3	1.1	11.3	3.6	2.6	9.8	6.4	9.2	6.7		7.1
Q2	20.9	10.0	15.6	9.0	2.6	8.7	7.1	16.9	7.9		10.5
Q3	5.0	6.1	10.3	7.9	-2.2	11.2	8.6	5.0	8.1		8.3
Q4	14.2	11.6	2.3	6.3	-2.8	12.6	9.8	30.0	11.1		11.0
2015
Q1	7.8	79.3	11.0	13.7	2.7	6.3	30.4	9.8	28.1		17.1
Q2	1.2	65.4	3.2	5.2	3.8	6.3	25.8	8.2	24.3		26.0
Q3	20.5	101.8	4.0	11.4	7.5	5.8	26.8	3.2	24.4		15.9
Q4	15.0	105.7	10.7	1.1	8.9	5.0	30.3	6.4	28.4		16.2
2016
Q1	10.4	1.8	2.4	2.6	5.6	6.7	2.0	5.0	2.3		10.6
*Chain linked series not additive

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Show Table 2 Expenditure on Gross National Product at Current Market Prices

Table 2 Expenditure on Gross National Product at Current Market Prices
										€million
Period	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Value of physical changes in stocks	Exports of goods and services	Imports of goods and services	Statistical discrepancy	GDP at current market prices	Net factor income from rest of world	GNP at current market prices
2010	83,741	26,631	29,482	-561	172,795	-144,925	-39	167,124	-28,457	138,667
2011	83,684	26,625	29,813	639	177,303	-145,143	149	173,070	-33,788	139,282
2012	84,203	25,901	34,178	859	187,662	-157,516	467	175,754	-33,551	142,203
2013	84,983	25,550	32,887	598	191,183	-157,314	2,322	180,209	-28,310	151,899
2014	87,760	26,479	39,572	2,827	219,790	-185,182	1,913	193,160	-29,715	163,445
2015	92,377	26,985	54,103	1,293	317,197	-235,985	-155	255,815	-53,173	202,642
2010
Q1	20,564	6,746	7,345	-757	40,575	-33,164	-10	41,299	-8,018	33,281
Q2	20,447	6,535	8,073	-199	43,928	-36,714	-10	42,059	-8,025	34,035
Q3	20,611	6,479	6,125	331	44,628	-35,598	-10	42,566	-7,197	35,369
Q4	22,120	6,873	7,939	63	43,664	-39,449	-10	41,200	-5,218	35,982
2011
Q1	20,528	6,625	6,992	-67	43,400	-35,702	36	41,812	-8,409	33,403
Q2	20,453	6,617	8,457	101	44,751	-36,754	38	43,663	-8,812	34,851
Q3	20,342	6,704	6,437	876	44,312	-34,629	38	44,081	-8,384	35,696
Q4	22,361	6,678	7,927	-271	44,840	-38,059	38	43,514	-8,182	35,332
2012
Q1	20,284	6,606	8,223	117	45,260	-38,084	113	42,519	-8,955	33,564
Q2	20,304	6,429	11,220	-69	47,503	-40,799	119	44,707	-8,392	36,315
Q3	20,849	6,506	7,182	690	46,665	-37,352	119	44,659	-8,530	36,129
Q4	22,766	6,361	7,553	121	48,233	-41,281	117	43,869	-7,674	36,195
2013
Q1	20,473	6,255	8,078	545	45,306	-38,113	555	43,099	-7,220	35,879
Q2	20,435	6,409	7,652	301	49,164	-40,071	573	44,463	-8,157	36,306
Q3	21,083	6,482	8,337	669	48,179	-37,718	614	47,646	-7,214	40,432
Q4	22,993	6,404	8,820	-917	48,535	-41,414	580	45,001	-5,719	39,282
2014
Q1	21,000	6,591	9,362	741	48,981	-42,170	445	44,950	-7,397	37,553
Q2	21,129	6,757	9,229	-619	55,214	-45,488	462	46,684	-7,966	38,718
Q3	21,723	6,644	9,981	1,381	56,894	-45,972	507	51,158	-7,767	43,391
Q4	23,907	6,488	10,999	1,324	58,703	-51,553	499	50,367	-6,585	43,782
2015
Q1	22,117	6,856	11,726	741	73,807	-53,702	-37	61,509	-14,642	46,867
Q2	22,093	6,759	13,702	635	77,753	-59,529	-37	61,376	-9,930	51,446
Q3	23,027	6,700	14,279	-1,136	80,577	-59,319	-39	64,090	-14,140	49,950
Q4	25,139	6,670	14,396	1,053	85,060	-63,437	-42	68,840	-14,461	54,379
2016
Q1	23,450	7,104	11,264	299	75,007	-54,259	-38	62,827	-11,083	51,744
Percentage change on corresponding period of previous year
2010	-1.5	-10.2	-17.9		9.0	6.8		-1.5		-1.2
2011	-0.1	-0.0	1.1		2.6	0.2		3.6		0.4
2012	0.6	-2.7	14.6		5.8	8.5		1.6		2.1
2013	0.9	-1.4	-3.8		1.9	-0.1		2.5		6.8
2014	3.3	3.6	20.3		15.0	17.7		7.2		7.6
2015	5.3	1.9	36.7		44.3	27.4		32.4		24.0
2010
Q1	-3.8	-13.3	-24.7		1.7	-3.6		-4.5		-7.1
Q2	-1.9	-9.4	-14.6		7.5	6.3		-2.7		-3.8
Q3	0.1	-10.1	-20.8		15.3	13.2		1.8		3.8
Q4	-0.3	-7.8	-11.5		11.6	11.9		-0.5		2.9
2011
Q1	-0.2	-1.8	-4.8		7.0	7.7		1.2		0.4
Q2	0.0	1.3	4.8		1.9	0.1		3.8		2.4
Q3	-1.3	3.5	5.1		-0.7	-2.7		3.6		0.9
Q4	1.1	-2.8	-0.1		2.7	-3.5		5.6		-1.8
2012
Q1	-1.2	-0.3	17.6		4.3	6.7		1.7		0.5
Q2	-0.7	-2.8	32.7		6.2	11.0		2.4		4.2
Q3	2.5	-3.0	11.6		5.3	7.9		1.3		1.2
Q4	1.8	-4.8	-4.7		7.6	8.5		0.8		2.4
2013
Q1	0.9	-5.3	-1.8		0.1	0.1		1.4		6.9
Q2	0.6	-0.3	-31.8		3.5	-1.8		-0.5		-0.0
Q3	1.1	-0.4	16.1		3.2	1.0		6.7		11.9
Q4	1.0	0.7	16.8		0.6	0.3		2.6		8.5
2014
Q1	2.6	5.4	15.9		8.1	10.6		4.3		4.7
Q2	3.4	5.4	20.6		12.3	13.5		5.0		6.6
Q3	3.0	2.5	19.7		18.1	21.9		7.4		7.3
Q4	4.0	1.3	24.7		20.9	24.5		11.9		11.5
2015
Q1	5.3	4.0	25.3		50.7	27.3		36.8		24.8
Q2	4.6	0.0	48.5		40.8	30.9		31.5		32.9
Q3	6.0	0.8	43.1		41.6	29.0		25.3		15.1
Q4	5.2	2.8	30.9		44.9	23.1		36.7		24.2
2016
Q1	6.0	3.6	-3.9		1.6	1.0		2.1		10.4

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Show Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*

Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*
									€million
Period	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Value of physical changes in stocks	Exports of goods and services	Imports of goods and services	GDP at constant market prices	Net factor income from rest of world	GNP at constant market prices
2010	88,749	26,436	30,632	-549	176,873	-146,860	178,190	-29,053	149,379
2011	87,825	26,187	31,668	613	181,959	-150,705	178,118	-34,618	143,434
2012	86,984	25,111	35,368	855	186,298	-158,825	176,153	-33,191	142,903
2013	86,276	25,134	33,468	574	192,091	-160,577	178,089	-28,452	149,658
2014	87,760	26,479	39,572	2,827	219,790	-185,182	193,160	-29,715	163,445
2015	91,707	26,784	52,494	1,219	295,373	-225,341	243,914	-49,928	193,986
2010
Q1	21,831	6,642	7,552	-725	41,480	-34,252	44,084	-8,178	35,992
Q2	21,700	6,688	8,378	-150	45,074	-36,813	44,737	-8,215	36,606
Q3	21,948	6,427	6,514	282	45,481	-35,725	45,801	-7,317	38,542
Q4	23,271	6,679	8,188	43	44,838	-40,070	43,569	-5,343	38,240
2011
Q1	21,763	6,684	7,433	-125	44,923	-36,985	43,973	-8,689	35,260
Q2	21,554	6,604	8,954	70	46,390	-38,350	45,152	-9,118	35,999
Q3	21,333	6,437	6,810	837	45,202	-36,090	45,335	-8,537	36,797
Q4	23,175	6,462	8,470	-169	45,444	-39,280	43,658	-8,275	35,379
2012
Q1	21,079	6,395	8,737	126	45,127	-38,883	43,669	-8,901	34,749
Q2	21,064	6,228	11,451	-98	47,460	-40,883	44,504	-8,356	36,133
Q3	21,574	6,307	7,359	664	45,588	-37,620	44,729	-8,304	36,410
Q4	23,268	6,181	7,820	164	48,124	-41,438	43,252	-7,630	35,610
2013
Q1	20,911	6,168	8,373	589	45,052	-38,896	43,161	-7,187	35,974
Q2	20,822	6,024	7,804	344	49,473	-40,820	43,921	-8,216	35,690
Q3	21,407	6,409	8,435	651	48,465	-38,445	46,893	-7,263	39,639
Q4	23,136	6,534	8,856	-1,011	49,101	-42,416	44,115	-5,786	38,354
2014
Q1	21,172	6,591	9,497	650	49,898	-42,671	46,047	-7,531	38,525
Q2	21,199	6,757	9,249	-487	55,484	-46,014	47,402	-7,992	39,424
Q3	21,677	6,644	9,977	1,333	57,147	-45,775	50,705	-7,784	42,921
Q4	23,712	6,488	10,850	1,332	57,261	-50,722	49,005	-6,408	42,575
2015
Q1	22,199	6,768	11,624	739	69,398	-51,863	59,002	-13,891	45,112
Q2	22,039	6,711	13,526	600	72,009	-55,965	58,919	-9,251	49,668
Q3	22,755	6,636	13,623	-1,207	75,360	-56,347	63,055	-13,322	49,733
Q4	24,714	6,668	13,722	1,087	78,606	-61,166	62,938	-13,465	49,473
2016
Q1	23,305	7,004	11,187	573	70,304	-53,222	60,337	-10,463	49,874
Percentage change on corresponding period of previous year
2010	0.7	-6.5	-14.9		5.8	0.8	2.0		3.8
2011	-1.0	-0.9	3.4		2.9	2.6	-0.0		-4.0
2012	-1.0	-4.1	11.7		2.4	5.4	-1.1		-0.4
2013	-0.8	0.1	-5.4		3.1	1.1	1.1		4.7
2014	1.7	5.4	18.2		14.4	15.3	8.5		9.2
2015	4.5	1.1	32.7		34.4	21.7	26.3		18.7
2010
Q1	-0.2	-8.3	-21.1		-0.1	-8.0	-0.3		-1.6
Q2	0.4	-6.0	-10.3		6.2	0.1	1.5		1.6
Q3	1.7	-5.7	-18.0		11.1	6.8	3.9		7.0
Q4	0.7	-5.9	-10.6		6.0	4.7	3.1		8.2
2011
Q1	-0.3	0.6	-1.6		8.3	8.0	-0.3		-2.0
Q2	-0.7	-1.3	6.9		2.9	4.2	0.9		-1.7
Q3	-2.8	0.2	4.5		-0.6	1.0	-1.0		-4.5
Q4	-0.4	-3.3	3.4		1.4	-2.0	0.2		-7.5
2012
Q1	-3.1	-4.3	17.5		0.5	5.1	-0.7		-1.4
Q2	-2.3	-5.7	27.9		2.3	6.6	-1.4		0.4
Q3	1.1	-2.0	8.1		0.9	4.2	-1.3		-1.0
Q4	0.4	-4.4	-7.7		5.9	5.5	-0.9		0.7
2013
Q1	-0.8	-3.6	-4.2		-0.2	0.0	-1.2		3.5
Q2	-1.2	-3.3	-31.9		4.2	-0.2	-1.3		-1.2
Q3	-0.8	1.6	14.6		6.3	2.2	4.8		8.9
Q4	-0.6	5.7	13.2		2.0	2.4	2.0		7.7
2014
Q1	1.2	6.9	13.4		10.8	9.7	6.7		7.1
Q2	1.8	12.2	18.5		12.1	12.7	7.9		10.5
Q3	1.3	3.7	18.3		17.9	19.1	8.1		8.3
Q4	2.5	-0.7	22.5		16.6	19.6	11.1		11.0
2015
Q1	4.9	2.7	22.4		39.1	21.5	28.1		17.1
Q2	4.0	-0.7	46.2		29.8	21.6	24.3		26.0
Q3	5.0	-0.1	36.5		31.9	23.1	24.4		15.9
Q4	4.2	2.8	26.5		37.3	20.6	28.4		16.2
2016
Q1	5.0	3.5	-3.8		1.3	2.6	2.3		10.6
*Chain linked series not additive

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Show 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 2014)* - Seasonally Adjusted

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 2014)* - Seasonally Adjusted
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)											€million
Period	Agric. forestry and fishing	Industry	of which Building and construction	Dist. transport software and comms	Public admin. and defence	Other services (including rent)	GDP at constant factor cost	Taxes less subsidies	GDP at constant market prices	Net factor income from rest of world	GNP at constant market prices
2010
Q1	970	12,207	1,433	10,536	1,870	16,197	40,473	3,778	44,190	-7,909	36,360
Q2	974	11,439	1,458	10,618	1,877	16,341	40,642	3,867	44,489	-7,805	36,885
Q3	992	11,630	1,403	10,755	1,896	16,226	40,963	3,955	44,889	-7,334	37,796
Q4	983	11,781	1,320	10,538	1,875	16,567	40,651	3,781	44,513	-6,020	38,291
2011
Q1	1,013	11,574	1,314	10,444	1,914	15,610	40,491	3,778	44,297	-8,404	35,752
Q2	1,022	11,796	1,241	10,694	1,943	16,269	41,250	3,740	44,808	-8,699	36,217
Q3	1,030	11,615	1,193	10,252	1,858	16,127	40,589	3,657	44,433	-8,547	35,906
Q4	1,064	11,600	1,148	10,605	1,876	16,092	40,731	3,804	44,444	-8,991	35,556
2012
Q1	1,092	11,727	1,101	10,414	1,840	15,693	40,352	3,742	44,142	-8,607	35,344
Q2	1,053	11,522	1,108	10,134	1,844	15,748	40,734	3,748	44,311	-7,894	36,272
Q3	922	11,223	1,122	10,487	1,855	16,023	39,593	3,857	43,723	-8,353	35,451
Q4	797	10,981	1,211	10,473	1,878	16,042	40,274	3,704	43,880	-8,333	35,868
2013
Q1	794	11,088	1,155	10,698	1,764	15,917	39,695	3,967	43,645	-6,908	36,655
Q2	853	10,904	1,196	10,881	1,778	16,129	40,157	3,935	44,024	-7,747	35,684
Q3	1,013	10,864	1,266	11,051	1,803	16,315	41,298	4,104	45,639	-7,291	38,580
Q4	979	10,485	1,300	11,437	1,815	16,498	40,570	4,167	44,618	-6,500	38,759
2014
Q1	950	11,328	1,293	11,080	1,812	17,488	42,330	4,366	46,556	-7,286	39,239
Q2	1,050	12,060	1,383	11,874	1,821	17,580	43,214	4,589	47,772	-7,488	39,230
Q3	1,036	11,455	1,392	11,914	1,762	18,116	44,653	4,426	49,316	-7,797	41,884
Q4	1,074	11,508	1,329	12,178	1,767	18,574	44,469	4,996	49,283	-7,148	43,129
2015
Q1	1,057	20,591	1,441	12,588	1,861	18,582	55,332	4,842	59,820	-13,660	45,930
Q2	1,080	20,151	1,426	12,486	1,887	18,727	54,590	4,918	59,564	-8,721	49,291
Q3	1,221	22,894	1,445	13,260	1,897	19,158	56,451	4,627	61,415	-13,332	48,621
Q4	1,208	23,367	1,474	12,342	1,927	19,505	57,821	5,164	62,798	-14,219	50,135
2016
Q1	1,158	21,221	1,475	12,691	1,964	19,813	56,509	5,114	61,490	-10,242	50,786
Percentage change on previous quarter
2010
Q1	4.0	13.5	-12.2	2.4	2.1	5.8	3.2	-1.6	2.3		3.1
Q2	0.4	-6.3	1.7	0.8	0.3	0.9	0.4	2.3	0.7		1.4
Q3	1.9	1.7	-3.8	1.3	1.0	-0.7	0.8	2.3	0.9		2.5
Q4	-1.0	1.3	-5.9	-2.0	-1.1	2.1	-0.8	-4.4	-0.8		1.3
2011
Q1	3.1	-1.8	-0.5	-0.9	2.1	-5.8	-0.4	-0.1	-0.5		-6.6
Q2	0.9	1.9	-5.5	2.4	1.5	4.2	1.9	-1.0	1.2		1.3
Q3	0.8	-1.5	-3.9	-4.1	-4.4	-0.9	-1.6	-2.2	-0.8		-0.9
Q4	3.2	-0.1	-3.8	3.4	1.0	-0.2	0.3	4.0	0.0		-1.0
2012
Q1	2.6	1.1	-4.1	-1.8	-1.9	-2.5	-0.9	-1.6	-0.7		-0.6
Q2	-3.5	-1.7	0.6	-2.7	0.2	0.3	0.9	0.2	0.4		2.6
Q3	-12.5	-2.6	1.2	3.5	0.6	1.7	-2.8	2.9	-1.3		-2.3
Q4	-13.6	-2.2	8.0	-0.1	1.3	0.1	1.7	-4.0	0.4		1.2
2013
Q1	-0.3	1.0	-4.7	2.1	-6.1	-0.8	-1.4	7.1	-0.5		2.2
Q2	7.5	-1.7	3.6	1.7	0.8	1.3	1.2	-0.8	0.9		-2.6
Q3	18.7	-0.4	5.9	1.6	1.4	1.2	2.8	4.3	3.7		8.1
Q4	-3.3	-3.5	2.7	3.5	0.7	1.1	-1.8	1.5	-2.2		0.5
2014
Q1	-3.0	8.0	-0.5	-3.1	-0.2	6.0	4.3	4.8	4.3		1.2
Q2	10.5	6.5	7.0	7.2	0.5	0.5	2.1	5.1	2.6		-0.0
Q3	-1.3	-5.0	0.6	0.3	-3.2	3.1	3.3	-3.6	3.2		6.8
Q4	3.7	0.5	-4.6	2.2	0.3	2.5	-0.4	12.9	-0.1		3.0
2015
Q1	-1.6	78.9	8.5	3.4	5.3	0.0	24.4	-3.1	21.4		6.5
Q2	2.2	-2.1	-1.0	-0.8	1.4	0.8	-1.3	1.6	-0.4		7.3
Q3	13.0	13.6	1.3	6.2	0.6	2.3	3.4	-5.9	3.1		-1.4
Q4	-1.1	2.1	2.0	-6.9	1.6	1.8	2.4	11.6	2.3		3.1
2016
Q1	-4.1	-9.2	0.1	2.8	1.9	1.6	-2.3	-1.0	-2.1		1.3
*Chain linked series not additive

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Show Table 5 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted

Table 5 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted
									€million
Period	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Value of physical changes in stocks	Exports of goods and services	Imports of goods and services	GDP at current market prices	Net factor income from rest of world	GNP at current market prices
2010
Q1	20,937	6,749	7,334	-571	41,256	-33,959	41,903	-7,701	34,199
Q2	20,959	6,608	7,695	-280	43,084	-35,935	41,829	-7,589	34,229
Q3	20,958	6,492	6,731	125	44,856	-37,153	42,219	-7,111	35,089
Q4	20,833	6,793	7,576	163	43,571	-37,763	41,105	-6,066	35,083
2011
Q1	20,976	6,628	6,988	69	44,207	-36,543	42,598	-8,088	34,474
Q2	21,013	6,680	8,106	157	43,885	-35,838	43,477	-8,374	35,075
Q3	20,642	6,683	7,014	576	44,395	-36,225	43,383	-8,279	35,038
Q4	20,984	6,654	7,843	-175	44,742	-36,907	43,558	-9,051	34,726
2012
Q1	20,812	6,607	8,042	199	46,255	-38,824	43,417	-8,649	34,700
Q2	20,947	6,459	10,867	129	46,617	-39,759	44,663	-7,910	36,576
Q3	21,146	6,468	7,924	327	46,618	-39,369	43,778	-8,470	35,243
Q4	21,237	6,397	7,313	165	48,019	-39,844	43,793	-8,498	35,727
2013
Q1	21,017	6,244	8,031	628	46,484	-38,966	44,097	-6,949	37,128
Q2	21,170	6,392	7,524	585	48,327	-38,929	44,586	-7,665	36,457
Q3	21,301	6,455	8,630	306	48,041	-39,214	46,571	-7,162	39,346
Q4	21,456	6,500	8,696	-1,010	48,103	-40,144	44,765	-6,506	38,959
2014
Q1	21,550	6,541	9,280	911	50,471	-43,003	46,010	-7,182	38,773
Q2	21,824	6,705	9,177	-272	54,390	-44,272	46,929	-7,436	38,707
Q3	21,992	6,642	10,075	978	56,616	-47,407	50,087	-7,728	42,382
Q4	22,363	6,632	10,987	1,128	57,988	-50,424	49,878	-7,361	43,488
2015
Q1	22,643	6,752	11,661	1,014	76,283	-54,515	63,063	-14,449	48,412
Q2	22,898	6,696	13,668	997	76,736	-58,272	61,888	-9,378	51,282
Q3	23,274	6,724	14,207	-1,567	80,065	-60,701	62,806	-14,106	48,927
Q4	23,532	6,842	14,449	796	83,828	-62,387	67,853	-15,240	53,970
2016
Q1	23,952	6,957	11,059	644	77,668	-54,936	64,483	-10,902	53,463
Percentage change on previous quarter
2010
Q1	-0.1	-7.9	-14.8		6.0	1.2	1.7		0.8
Q2	0.1	-2.1	4.9		4.4	5.8	-0.2		0.1
Q3	-0.0	-1.8	-12.5		4.1	3.4	0.9		2.5
Q4	-0.6	4.6	12.5		-2.9	1.6	-2.6		-0.0
2011
Q1	0.7	-2.4	-7.8		1.5	-3.2	3.6		-1.7
Q2	0.2	0.8	16.0		-0.7	-1.9	2.1		1.7
Q3	-1.8	0.1	-13.5		1.2	1.1	-0.2		-0.1
Q4	1.7	-0.4	11.8		0.8	1.9	0.4		-0.9
2012
Q1	-0.8	-0.7	2.5		3.4	5.2	-0.3		-0.1
Q2	0.6	-2.2	35.1		0.8	2.4	2.9		5.4
Q3	0.9	0.1	-27.1		0.0	-1.0	-2.0		-3.6
Q4	0.4	-1.1	-7.7		3.0	1.2	0.0		1.4
2013
Q1	-1.0	-2.4	9.8		-3.2	-2.2	0.7		3.9
Q2	0.7	2.4	-6.3		4.0	-0.1	1.1		-1.8
Q3	0.6	1.0	14.7		-0.6	0.7	4.5		7.9
Q4	0.7	0.7	0.8		0.1	2.4	-3.9		-1.0
2014
Q1	0.4	0.6	6.7		4.9	7.1	2.8		-0.5
Q2	1.3	2.5	-1.1		7.8	3.0	2.0		-0.2
Q3	0.8	-0.9	9.8		4.1	7.1	6.7		9.5
Q4	1.7	-0.2	9.1		2.4	6.4	-0.4		2.6
2015
Q1	1.3	1.8	6.1		31.5	8.1	26.4		11.3
Q2	1.1	-0.8	17.2		0.6	6.9	-1.9		5.9
Q3	1.6	0.4	3.9		4.3	4.2	1.5		-4.6
Q4	1.1	1.8	1.7		4.7	2.8	8.0		10.3
2016
Q1	1.8	1.7	-23.5		-7.3	-11.9	-5.0		-0.9

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Show Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014) - Seasonally Adjusted

Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted
									€million
Period	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Value of physical changes in stocks	Exports of goods and services	Imports of goods and services	GDP at constant market prices	Net factor income from rest of world	GNP at constant market prices
2010
Q1	22,192	6,685	7,432	-540	42,239	-34,586	44,190	-7,909	36,360
Q2	22,200	6,701	8,008	-281	44,214	-36,200	44,489	-7,805	36,885
Q3	22,284	6,518	7,191	58	45,631	-37,343	44,889	-7,334	37,796
Q4	22,023	6,565	7,907	214	44,721	-38,459	44,513	-6,020	38,291
2011
Q1	22,180	6,687	7,337	15	45,896	-37,376	44,297	-8,404	35,752
Q2	22,096	6,632	8,603	92	45,473	-37,602	44,808	-8,699	36,217
Q3	21,639	6,487	7,458	457	45,165	-37,766	44,433	-8,547	35,906
Q4	21,871	6,408	8,187	45	45,382	-38,230	44,444	-8,991	35,556
2012
Q1	21,556	6,368	8,625	220	46,231	-39,689	44,142	-8,607	35,344
Q2	21,662	6,268	11,118	34	46,567	-40,018	44,311	-7,894	36,272
Q3	21,891	6,315	7,909	231	45,399	-39,808	43,723	-8,353	35,451
Q4	21,836	6,188	7,615	366	47,961	-39,954	43,880	-8,333	35,868
2013
Q1	21,420	6,115	8,255	628	46,961	-39,380	43,645	-6,908	36,655
Q2	21,460	6,055	7,686	553	47,996	-39,886	44,024	-7,747	35,684
Q3	21,645	6,404	8,830	258	48,121	-40,031	45,639	-7,291	38,580
Q4	21,724	6,588	8,706	-878	48,791	-41,032	44,618	-6,500	38,759
2014
Q1	21,622	6,518	9,396	660	51,478	-43,161	46,556	-7,286	39,239
Q2	21,831	6,756	9,205	-262	54,699	-45,044	47,772	-7,488	39,230
Q3	21,976	6,656	10,208	1,036	56,629	-47,301	49,316	-7,797	41,884
Q4	22,306	6,577	10,712	1,386	56,698	-49,423	49,283	-7,148	43,129
2015
Q1	22,649	6,667	11,625	715	71,809	-52,342	59,820	-13,660	45,930
Q2	22,738	6,686	13,493	844	71,130	-54,991	59,564	-8,721	49,291
Q3	23,055	6,676	13,752	-1,407	74,568	-57,828	61,415	-13,332	48,621
Q4	23,254	6,772	13,523	1,040	77,673	-59,899	62,798	-14,219	50,135
2016
Q1	23,745	6,883	11,350	555	73,821	-54,050	61,490	-10,242	50,786
Percentage change on previous quarter
2010
Q1	1.2	-3.5	-16.6		0.2	-5.7	2.3		3.1
Q2	0.0	0.2	7.7		4.7	4.7	0.7		1.4
Q3	0.4	-2.7	-10.2		3.2	3.2	0.9		2.5
Q4	-1.2	0.7	10.0		-2.0	3.0	-0.8		1.3
2011
Q1	0.7	1.9	-7.2		2.6	-2.8	-0.5		-6.6
Q2	-0.4	-0.8	17.2		-0.9	0.6	1.2		1.3
Q3	-2.1	-2.2	-13.3		-0.7	0.4	-0.8		-0.9
Q4	1.1	-1.2	9.8		0.5	1.2	0.0		-1.0
2012
Q1	-1.4	-0.6	5.3		1.9	3.8	-0.7		-0.6
Q2	0.5	-1.6	28.9		0.7	0.8	0.4		2.6
Q3	1.1	0.8	-28.9		-2.5	-0.5	-1.3		-2.3
Q4	-0.3	-2.0	-3.7		5.6	0.4	0.4		1.2
2013
Q1	-1.9	-1.2	8.4		-2.1	-1.4	-0.5		2.2
Q2	0.2	-1.0	-6.9		2.2	1.3	0.9		-2.6
Q3	0.9	5.8	14.9		0.3	0.4	3.7		8.1
Q4	0.4	2.9	-1.4		1.4	2.5	-2.2		0.5
2014
Q1	-0.5	-1.1	7.9		5.5	5.2	4.3		1.2
Q2	1.0	3.7	-2.0		6.3	4.4	2.6		-0.0
Q3	0.7	-1.5	10.9		3.5	5.0	3.2		6.8
Q4	1.5	-1.2	4.9		0.1	4.5	-0.1		3.0
2015
Q1	1.5	1.4	8.5		26.7	5.9	21.4		6.5
Q2	0.4	0.3	16.1		-0.9	5.1	-0.4		7.3
Q3	1.4	-0.1	1.9		4.8	5.2	3.1		-1.4
Q4	0.9	1.4	-1.7		4.2	3.6	2.3		3.1
2016
Q1	2.1	1.6	-16.1		-5.0	-9.8	-2.1		1.3
*Chain linked series not additive

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Show Annex 1A Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices

Annex 1a Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices
	TRADE AT CURRENT PRICES						TRADE AT CONSTANT PRICES
	Exports			Imports			Exports			Imports		€million
	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services
2010
Q1	40,575	24,702	15,873	33,164	14,467	18,697	41,480	24,259	17,222	34,252	14,769	19,483
Q2	43,928	26,606	17,322	36,714	16,051	20,663	45,074	26,339	18,734	36,813	15,288	21,524
Q3	44,628	27,083	17,545	35,598	15,098	20,501	45,481	26,530	18,950	35,725	14,423	21,302
Q4	43,664	24,864	18,800	39,449	16,351	23,097	44,838	24,643	20,195	40,070	15,999	24,072
	172,795	103,255	69,540	144,925	61,967	82,958	176,873	101,771	75,102	146,860	60,480	86,381
2011
Q1	43,400	25,423	17,977	35,702	14,799	20,902	44,923	25,655	19,268	36,985	15,349	21,636
Q2	44,751	25,114	19,637	36,754	15,538	21,216	46,390	25,618	20,772	38,350	16,469	21,881
Q3	44,312	25,443	18,870	34,629	13,896	20,733	45,202	25,196	20,006	36,090	14,850	21,241
Q4	44,840	24,598	20,242	38,059	15,088	22,971	45,444	24,168	21,275	39,280	15,875	23,405
	177,303	100,578	76,725	145,143	59,321	85,822	181,959	100,638	81,321	150,705	62,542	88,162
2012
Q1	45,260	25,405	19,855	38,084	16,437	21,647	45,127	24,655	20,472	38,883	17,062	21,822
Q2	47,503	25,606	21,897	40,799	16,331	24,468	47,460	25,160	22,300	40,883	16,332	24,551
Q3	46,665	25,263	21,402	37,352	15,191	22,161	45,588	23,890	21,698	37,620	15,621	21,999
Q4	48,233	25,599	22,634	41,281	17,019	24,262	48,124	25,133	22,991	41,438	17,151	24,287
	187,662	101,874	85,788	157,516	64,978	92,538	186,298	98,838	87,460	158,825	66,166	92,659
2013
Q1	45,306	24,137	21,169	38,113	16,411	21,702	45,052	23,530	21,523	38,896	17,326	21,571
Q2	49,164	25,811	23,353	40,071	16,173	23,898	49,473	25,850	23,623	40,820	17,034	23,786
Q3	48,179	25,116	23,063	37,718	15,301	22,417	48,465	25,162	23,302	38,445	16,146	22,298
Q4	48,535	23,668	24,867	41,414	16,342	25,072	49,101	23,982	25,119	42,416	17,372	25,044
	191,183	98,731	92,452	157,314	64,225	93,089	192,091	98,524	93,567	160,577	67,878	92,699
2014
Q1	48,981	26,188	22,793	42,170	17,248	24,922	49,898	26,942	22,957	42,671	17,486	25,186
Q2	55,214	28,903	26,311	45,488	17,616	27,872	55,484	29,102	26,381	46,014	18,112	27,902
Q3	56,894	29,273	27,621	45,972	18,287	27,685	57,147	29,180	27,967	45,775	18,083	27,692
Q4	58,703	30,101	28,602	51,553	20,579	30,974	57,261	29,237	28,024	50,722	20,049	30,672
	219,790	114,463	105,327	185,182	73,729	111,453	219,790	114,461	105,329	185,182	73,730	111,452
2015
Q1	73,807	46,478	27,329	53,702	20,253	33,449	69,398	42,864	26,535	51,863	20,183	31,680
Q2	77,753	47,201	30,552	59,529	20,720	38,809	72,009	42,177	29,832	55,965	19,718	36,247
Q3	80,577	49,397	31,180	59,319	20,499	38,820	75,360	45,356	30,004	56,347	19,963	36,383
Q4	85,060	52,516	32,544	63,437	23,552	39,885	78,606	47,519	31,087	61,166	23,868	37,298
	317,197	195,592	121,605	235,985	85,022	150,963	295,373	177,915	117,458	225,341	83,732	141,609
2016
Q1	75,007	45,796	29,211	54,259	19,222	35,037	70,304	42,109	28,195	53,222	20,144	33,078
Percentage change on corresponding period of previous year
2010
Q1	1.7	-2.5	8.9	-3.6	-7.5	-0.4	-0.1	-4.5	6.9	-8.0	-14.7	-2.1
Q2	7.5	5.3	11.1	6.3	6.1	6.4	6.2	4.1	9.2	0.1	-6.0	4.9
Q3	15.3	15.6	14.7	13.2	10.7	15.1	11.1	10.5	11.9	6.8	-0.2	12.1
Q4	11.6	6.9	18.6	11.9	15.8	9.2	6.0	0.1	14.4	4.7	3.2	5.7
2011
Q1	7.0	2.9	13.3	7.7	2.3	11.8	8.3	5.8	11.9	8.0	3.9	11.1
Q2	1.9	-5.6	13.4	0.1	-3.2	2.7	2.9	-2.7	10.9	4.2	7.7	1.7
Q3	-0.7	-6.1	7.5	-2.7	-8.0	1.1	-0.6	-5.0	5.6	1.0	3.0	-0.3
Q4	2.7	-1.1	7.7	-3.5	-7.7	-0.5	1.4	-1.9	5.3	-2.0	-0.8	-2.8
2012
Q1	4.3	-0.1	10.4	6.7	11.1	3.6	0.5	-3.9	6.2	5.1	11.2	0.9
Q2	6.2	2.0	11.5	11.0	5.1	15.3	2.3	-1.8	7.4	6.6	-0.8	12.2
Q3	5.3	-0.7	13.4	7.9	9.3	6.9	0.9	-5.2	8.5	4.2	5.2	3.6
Q4	7.6	4.1	11.8	8.5	12.8	5.6	5.9	4.0	8.1	5.5	8.0	3.8
2013
Q1	0.1	-5.0	6.6	0.1	-0.2	0.3	-0.2	-4.6	5.1	0.0	1.5	-1.1
Q2	3.5	0.8	6.6	-1.8	-1.0	-2.3	4.2	2.7	5.9	-0.2	4.3	-3.1
Q3	3.2	-0.6	7.8	1.0	0.7	1.2	6.3	5.3	7.4	2.2	3.4	1.4
Q4	0.6	-7.5	9.9	0.3	-4.0	3.3	2.0	-4.6	9.3	2.4	1.3	3.1
2014
Q1	8.1	8.5	7.7	10.6	5.1	14.8	10.8	14.5	6.7	9.7	0.9	16.8
Q2	12.3	12.0	12.7	13.5	8.9	16.6	12.1	12.6	11.7	12.7	6.3	17.3
Q3	18.1	16.6	19.8	21.9	19.5	23.5	17.9	16.0	20.0	19.1	12.0	24.2
Q4	20.9	27.2	15.0	24.5	25.9	23.5	16.6	21.9	11.6	19.6	15.4	22.5
2015
Q1	50.7	77.5	19.9	27.3	17.4	34.2	39.1	59.1	15.6	21.5	15.4	25.8
Q2	40.8	63.3	16.1	30.9	17.6	39.2	29.8	44.9	13.1	21.6	8.9	29.9
Q3	41.6	68.7	12.9	29.0	12.1	40.2	31.9	55.4	7.3	23.1	10.4	31.4
Q4	44.9	74.5	13.8	23.1	14.4	28.8	37.3	62.5	10.9	20.6	19.0	21.6
2016
Q1	1.6	-1.5	6.9	1.0	-5.1	4.7	1.3	-1.8	6.3	2.6	-0.2	4.4

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Annex 1B Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices*
	TRADE AT CURRENT PRICES						TRADE AT CONSTANT PRICES
	Exports			Imports			Exports			Imports		€million
	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services
2010
Q1	41,256	24,800	16,525	33,959	14,299	19,494	42,239	24,438	17,855	34,586	14,504	20,350
Q2	43,084	26,170	16,881	35,935	15,706	20,354	44,214	25,656	18,348	36,200	14,957	21,274
Q3	44,856	27,140	17,677	37,153	15,884	21,193	45,631	26,636	19,128	37,343	15,248	21,941
Q4	43,571	25,145	18,367	37,763	16,009	21,866	44,721	25,068	19,709	38,459	15,509	22,750
	172,767	103,255	69,450	144,811	61,898	82,907	176,806	101,798	75,040	146,588	60,218	86,315
2011
Q1	44,207	25,539	18,788	36,543	14,606	21,816	45,896	25,825	20,027	37,376	15,076	22,638
Q2	43,885	24,724	19,135	35,838	15,266	20,748	45,473	24,955	20,290	37,602	16,185	21,459
Q3	44,395	25,386	19,006	36,225	14,606	21,492	45,165	25,212	20,244	37,766	15,631	21,925
Q4	44,742	24,898	19,681	36,907	15,156	21,833	45,382	24,668	20,679	38,230	15,869	22,236
	177,228	100,548	76,611	145,513	59,634	85,889	181,917	100,660	81,239	150,974	62,761	88,258
2012
Q1	46,255	25,581	20,866	38,824	15,914	22,608	46,231	24,770	21,394	39,689	17,108	22,831
Q2	46,617	25,246	21,353	39,759	16,148	23,799	46,567	24,592	21,743	40,018	16,127	23,938
Q3	46,618	25,133	21,486	39,369	16,403	22,928	45,399	23,859	21,926	39,808	16,823	22,660
Q4	48,019	25,853	21,950	39,844	16,517	23,218	47,961	25,568	22,280	39,954	16,653	23,268
	187,509	101,812	85,655	157,795	64,982	92,553	186,158	98,788	87,343	159,469	66,711	92,697
2013
Q1	46,484	24,383	22,397	38,966	16,208	22,682	46,961	23,684	22,669	39,380	17,024	22,555
Q2	48,327	25,484	22,809	38,929	16,117	23,135	47,996	25,352	23,003	39,886	16,930	23,073
Q3	48,041	24,992	23,031	39,214	15,983	23,124	48,121	25,135	23,448	40,031	16,785	22,905
Q4	48,103	23,752	24,072	40,144	15,773	24,117	48,791	24,222	24,324	41,032	16,864	24,152
	190,955	98,610	92,310	157,253	64,080	93,057	191,869	98,393	93,444	160,329	67,604	92,686
2014
Q1	50,471	26,569	24,243	43,003	17,058	26,104	51,478	27,188	24,337	43,161	17,167	26,353
Q2	54,390	28,581	25,778	44,272	17,678	26,901	54,699	28,685	25,717	45,044	18,094	26,979
Q3	56,616	29,132	27,467	47,407	19,032	28,436	56,629	29,136	27,990	47,301	18,673	28,338
Q4	57,988	30,062	27,714	50,424	19,789	29,922	56,698	29,312	27,176	49,423	19,513	29,730
	219,465	114,344	105,203	185,106	73,556	111,363	219,505	114,321	105,220	184,929	73,447	111,400
2015
Q1	76,283	47,297	28,964	54,515	20,056	35,112	71,809	43,406	28,113	52,342	19,876	33,185
Q2	76,736	46,725	30,043	58,272	20,889	37,394	71,130	41,722	29,138	54,991	19,743	34,986
Q3	80,065	49,196	30,907	60,701	21,288	39,731	74,568	45,259	29,927	57,828	20,535	37,115
Q4	83,828	52,248	31,612	62,387	22,568	38,626	77,673	47,411	30,209	59,899	23,296	36,256
	316,913	195,467	121,526	235,875	84,801	150,863	295,181	177,798	117,386	225,060	83,450	141,542
2016
Q1	77,668	46,684	30,964	54,936	18,707	36,819	73,821	42,707	29,896	54,050	20,189	34,661
Percentage change on corresponding period of previous year
2010
Q1	6.0	5.9	6.2	1.2	3.3	-2.4	0.2	-2.0	3.3	-5.7	-3.4	-5.2
Q2	4.4	5.5	2.2	5.8	9.8	4.4	4.7	5.0	2.8	4.7	3.1	4.5
Q3	4.1	3.7	4.7	3.4	1.1	4.1	3.2	3.8	4.3	3.2	1.9	3.1
Q4	-2.9	-7.3	3.9	1.6	0.8	3.2	-2.0	-5.9	3.0	3.0	1.7	3.7
2011
Q1	1.5	1.6	2.3	-3.2	-8.8	-0.2	2.6	3.0	1.6	-2.8	-2.8	-0.5
Q2	-0.7	-3.2	1.8	-1.9	4.5	-4.9	-0.9	-3.4	1.3	0.6	7.4	-5.2
Q3	1.2	2.7	-0.7	1.1	-4.3	3.6	-0.7	1.0	-0.2	0.4	-3.4	2.2
Q4	0.8	-1.9	3.5	1.9	3.8	1.6	0.5	-2.2	2.1	1.2	1.5	1.4
2012
Q1	3.4	2.7	6.0	5.2	5.0	3.6	1.9	0.4	3.5	3.8	7.8	2.7
Q2	0.8	-1.3	2.3	2.4	1.5	5.3	0.7	-0.7	1.6	0.8	-5.7	4.8
Q3	0.0	-0.4	0.6	-1.0	1.6	-3.7	-2.5	-3.0	0.8	-0.5	4.3	-5.3
Q4	3.0	2.9	2.2	1.2	0.7	1.3	5.6	7.2	1.6	0.4	-1.0	2.7
2013
Q1	-3.2	-5.7	2.0	-2.2	-1.9	-2.3	-2.1	-7.4	1.7	-1.4	2.2	-3.1
Q2	4.0	4.5	1.8	-0.1	-0.6	2.0	2.2	7.0	1.5	1.3	-0.6	2.3
Q3	-0.6	-1.9	1.0	0.7	-0.8	-0.0	0.3	-0.9	1.9	0.4	-0.9	-0.7
Q4	0.1	-5.0	4.5	2.4	-1.3	4.3	1.4	-3.6	3.7	2.5	0.5	5.4
2014
Q1	4.9	11.9	0.7	7.1	8.2	8.2	5.5	12.2	0.1	5.2	1.8	9.1
Q2	7.8	7.6	6.3	3.0	3.6	3.1	6.3	5.5	5.7	4.4	5.4	2.4
Q3	4.1	1.9	6.6	7.1	7.7	5.7	3.5	1.6	8.8	5.0	3.2	5.0
Q4	2.4	3.2	0.9	6.4	4.0	5.2	0.1	0.6	-2.9	4.5	4.5	4.9
2015
Q1	31.5	57.3	4.5	8.1	1.4	17.3	26.7	48.1	3.4	5.9	1.9	11.6
Q2	0.6	-1.2	3.7	6.9	4.2	6.5	-0.9	-3.9	3.6	5.1	-0.7	5.4
Q3	4.3	5.3	2.9	4.2	1.9	6.2	4.8	8.5	2.7	5.2	4.0	6.1
Q4	4.7	6.2	2.3	2.8	6.0	-2.8	4.2	4.8	0.9	3.6	13.4	-2.3
2016
Q1	-7.3	-10.7	-2.0	-11.9	-17.1	-4.7	-5.0	-9.9	-1.0	-9.8	-13.3	-4.4
*Chain linked series not additive

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Show Annex 2 Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost (Chain linked annually and referenced to year 2014) - Non-Seasonally Adjusted and Seasonally Adjusted

Annex 2 Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost (Chain linked annually and referenced to year 2014)* - Non-Seasonally Adjusted and Seasonally Adjusted						€million
	NON-SEASONALLY ADJUSTED			SEASONALLY ADJUSTED
Period	Industry	of which Transportable Goods Industries and Utilities	of which Building and Construction	Industry	of which Transportable Goods Industries and Utilities	of which Building and Construction
2010
Q1	12,559	11,214	1,370	12,207	10,833	1,433
Q2	11,882	10,558	1,387	11,439	10,098	1,458
Q3	11,523	10,167	1,473	11,630	10,338	1,403
Q4	11,021	9,734	1,391	11,781	10,473	1,320
2011
Q1	11,906	10,658	1,233	11,574	10,293	1,314
Q2	12,373	11,127	1,179	11,796	10,549	1,241
Q3	11,533	10,289	1,262	11,615	10,430	1,193
Q4	10,752	9,570	1,221	11,600	10,387	1,148
2012
Q1	12,030	10,890	1,018	11,727	10,543	1,101
Q2	12,152	10,988	1,051	11,522	10,385	1,108
Q3	11,191	9,999	1,194	11,223	10,092	1,122
Q4	10,153	8,957	1,297	10,981	9,711	1,211
2013
Q1	11,308	10,206	1,055	11,088	9,957	1,155
Q2	11,490	10,320	1,134	10,904	9,765	1,196
Q3	10,903	9,567	1,354	10,864	9,593	1,266
Q4	9,761	8,418	1,396	10,485	9,066	1,300
2014
Q1	11,431	10,240	1,174	11,328	10,088	1,293
Q2	12,639	11,311	1,311	12,060	10,750	1,383
Q3	11,565	10,089	1,493	11,455	10,040	1,392
Q4	10,890	9,481	1,427	11,508	10,130	1,329
2015
Q1	20,499	19,195	1,304	20,591	19,096	1,441
Q2	20,906	19,554	1,352	20,151	18,659	1,426
Q3	23,334	21,781	1,553	22,894	21,568	1,445
Q4	22,405	20,825	1,580	23,367	22,062	1,474
2016
Q1	20,878	19,543	1,335	21,221	19,609	1,475
	Percentage change on corresponding period of previous year			Percentage change on previous quarter
2010
Q1	0.4	3.9	-32.5	13.5	17.0	-12.2
Q2	-1.2	0.4	-24.5	-6.3	-6.8	1.7
Q3	5.7	9.0	-19.4	1.7	2.4	-3.8
Q4	8.0	11.3	-18.2	1.3	1.3	-5.9
2011
Q1	-5.2	-5.0	-10.0	-1.8	-1.7	-0.5
Q2	4.1	5.4	-15.0	1.9	2.5	-5.5
Q3	0.1	1.2	-14.3	-1.5	-1.1	-3.9
Q4	-2.4	-1.7	-12.3	-0.1	-0.4	-3.8
2012
Q1	1.0	2.2	-17.4	1.1	1.5	-4.1
Q2	-1.8	-1.2	-10.8	-1.7	-1.5	0.6
Q3	-3.0	-2.8	-5.4	-2.6	-2.8	1.2
Q4	-5.6	-6.4	6.2	-2.2	-3.8	8.0
2013
Q1	-6.0	-6.3	3.6	1.0	2.5	-4.7
Q2	-5.4	-6.1	7.8	-1.7	-1.9	3.6
Q3	-2.6	-4.3	13.4	-0.4	-1.8	5.9
Q4	-3.9	-6.0	7.6	-3.5	-5.5	2.7
2014
Q1	1.1	0.3	11.3	8.0	11.3	-0.5
Q2	10.0	9.6	15.6	6.5	6.6	7.0
Q3	6.1	5.5	10.3	-5.0	-6.6	0.6
Q4	11.6	12.6	2.3	0.5	0.9	-4.6
2015
Q1	79.3	87.5	11.0	78.9	88.5	8.5
Q2	65.4	72.9	3.2	-2.1	-2.3	-1.0
Q3	101.8	115.9	4.0	13.6	15.6	1.3
Q4	105.7	119.6	10.7	2.1	2.3	2.0
2016
Q1	1.8	1.8	2.4	-9.2	-11.1	0.1
*Chain linked series not additive

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Annex 3A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2014)* - Non-Seasonally Adjusted												€million
	CURRENT MARKET PRICES							CONSTANT MARKET PRICES
Period	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Final Domestic Demand	Value of physical changes in stocks	Total Domestic Demand	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Final Domestic Demand	Value of physical changes in stocks	Total Domestic Demand
2010	83,741	26,631	29,482	139,854	-561	139,293	88,749	26,436	30,632	145,925	-549	145,178
2011	83,684	26,625	29,813	140,122	639	140,761	87,825	26,187	31,668	145,793	613	146,284
2012	84,203	25,901	34,178	144,282	859	145,141	86,984	25,111	35,368	147,446	855	148,197
2013	84,983	25,550	32,887	143,420	598	144,018	86,276	25,134	33,468	144,893	574	145,358
2014	87,760	26,479	39,572	153,812	2,827	156,639	87,760	26,479	39,572	153,812	2,827	156,639
2015	92,377	26,985	54,103	173,465	1,293	174,758	91,707	26,784	52,494	170,985	1,219	172,204
2010
Q1	20,564	6,746	7,345	34,654	-757	33,897	21,831	6,642	7,552	36,117	-725	35,230
Q2	20,447	6,535	8,073	35,054	-199	34,855	21,700	6,688	8,378	36,603	-150	36,401
Q3	20,611	6,479	6,125	33,215	331	33,546	21,948	6,427	6,514	34,901	282	35,216
Q4	22,120	6,873	7,939	36,931	63	36,995	23,271	6,679	8,188	38,304	43	38,332
	83,741	26,631	29,482	139,854	-561	139,293	88,749	26,436	30,632	145,925	-549	145,178
2011
Q1	20,528	6,625	6,992	34,145	-67	34,078	21,763	6,684	7,433	35,740	-125	35,567
Q2	20,453	6,617	8,457	35,528	101	35,629	21,554	6,604	8,954	37,053	70	37,086
Q3	20,342	6,704	6,437	33,484	876	34,359	21,333	6,437	6,810	34,773	837	35,625
Q4	22,361	6,678	7,927	36,966	-271	36,695	23,175	6,462	8,470	38,227	-169	38,005
	83,684	26,625	29,813	140,122	639	140,761	87,825	26,187	31,668	145,793	613	146,284
2012
Q1	20,284	6,606	8,223	35,113	117	35,230	21,079	6,395	8,737	36,231	126	36,325
Q2	20,304	6,429	11,220	37,953	-69	37,883	21,064	6,228	11,451	38,694	-98	38,541
Q3	20,849	6,506	7,182	34,536	690	35,227	21,574	6,307	7,359	35,269	664	35,946
Q4	22,766	6,361	7,553	36,680	121	36,800	23,268	6,181	7,820	37,251	164	37,385
	84,203	25,901	34,178	144,282	859	145,141	86,984	25,111	35,368	147,446	855	148,197
2013
Q1	20,473	6,255	8,078	34,806	545	35,350	20,911	6,168	8,373	35,383	589	35,956
Q2	20,435	6,409	7,652	34,496	301	34,797	20,822	6,024	7,804	34,709	344	35,033
Q3	21,083	6,482	8,337	35,902	669	36,571	21,407	6,409	8,435	36,360	651	36,996
Q4	22,993	6,404	8,820	38,217	-917	37,300	23,136	6,534	8,856	38,442	-1,011	37,373
	84,983	25,550	32,887	143,420	598	144,018	86,276	25,134	33,468	144,893	574	145,358
2014
Q1	21,000	6,591	9,362	36,953	741	37,694	21,172	6,591	9,497	37,344	650	37,993
Q2	21,129	6,757	9,229	37,115	-619	36,496	21,199	6,757	9,249	37,270	-487	36,722
Q3	21,723	6,644	9,981	38,349	1,381	39,729	21,677	6,644	9,977	38,226	1,333	39,591
Q4	23,907	6,488	10,999	41,394	1,324	42,718	23,712	6,488	10,850	40,972	1,332	42,333
	87,760	26,479	39,572	153,812	2,827	156,639	87,760	26,479	39,572	153,812	2,827	156,639
2015
Q1	22,117	6,856	11,726	40,700	741	41,441	22,199	6,768	11,624	40,590	739	41,329
Q2	22,093	6,759	13,702	42,554	635	43,189	22,039	6,711	13,526	42,276	600	42,876
Q3	23,027	6,700	14,279	44,006	-1,136	42,870	22,755	6,636	13,623	43,014	-1,207	41,808
Q4	25,139	6,670	14,396	46,206	1,053	47,259	24,714	6,668	13,722	45,104	1,087	46,191
	92,377	26,985	54,103	173,465	1,293	174,758	91,707	26,784	52,494	170,985	1,219	172,204
2016
Q1	23,450	7,104	11,264	41,818	299	42,117	23,305	7,004	11,187	41,496	573	42,069
Percentage change on corresponding period of previous year
2010
Q1	-3.8	-13.3	-24.7	-10.9		-11.6	-0.2	-8.3	-21.1	-7.3		-8.2
Q2	-1.9	-9.4	-14.6	-6.5		-7.1	0.4	-6.0	-10.3	-3.4		-4.0
Q3	0.1	-10.1	-20.8	-6.5		-4.4	1.7	-5.7	-18.0	-4.2		-2.0
Q4	-0.3	-7.8	-11.5	-4.4		-2.9	0.7	-5.9	-10.6	-2.9		-1.5
2011
Q1	-0.2	-1.8	-4.8	-1.5		0.5	-0.3	0.6	-1.6	-1.0		1.0
Q2	0.0	1.3	4.8	1.3		2.2	-0.7	-1.3	6.9	1.2		1.9
Q3	-1.3	3.5	5.1	0.8		2.4	-2.8	0.2	4.5	-0.4		1.2
Q4	1.1	-2.8	-0.1	0.1		-0.8	-0.4	-3.3	3.4	-0.2		-0.9
2012
Q1	-1.2	-0.3	17.6	2.8		3.4	-3.1	-4.3	17.5	1.4		2.1
Q2	-0.7	-2.8	32.7	6.8		6.3	-2.3	-5.7	27.9	4.4		3.9
Q3	2.5	-3.0	11.6	3.1		2.5	1.1	-2.0	8.1	1.4		0.9
Q4	1.8	-4.8	-4.7	-0.8		0.3	0.4	-4.4	-7.7	-2.6		-1.6
2013
Q1	0.9	-5.3	-1.8	-0.9		0.3	-0.8	-3.6	-4.2	-2.3		-1.0
Q2	0.6	-0.3	-31.8	-9.1		-8.1	-1.2	-3.3	-31.9	-10.3		-9.1
Q3	1.1	-0.4	16.1	4.0		3.8	-0.8	1.6	14.6	3.1		2.9
Q4	1.0	0.7	16.8	4.2		1.4	-0.6	5.7	13.2	3.2		-0.0
2014
Q1	2.6	5.4	15.9	6.2		6.6	1.2	6.9	13.4	5.5		5.7
Q2	3.4	5.4	20.6	7.6		4.9	1.8	12.2	18.5	7.4		4.8
Q3	3.0	2.5	19.7	6.8		8.6	1.3	3.7	18.3	5.1		7.0
Q4	4.0	1.3	24.7	8.3		14.5	2.5	-0.7	22.5	6.6		13.3
2015
Q1	5.3	4.0	25.3	10.1		9.9	4.9	2.7	22.4	8.7		8.8
Q2	4.6	0.0	48.5	14.7		18.3	4.0	-0.7	46.2	13.4		16.8
Q3	6.0	0.8	43.1	14.8		7.9	5.0	-0.1	36.5	12.5		5.6
Q4	5.2	2.8	30.9	11.6		10.6	4.2	2.8	26.5	10.1		9.1
2016
Q1	6.0	3.6	-3.9	2.7		1.6	5.0	3.5	-3.8	2.2		1.8
*Chain linked series not additive

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Annex 3B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted												€million
	CURRENT MARKET PRICES						CONSTANT MARKET PRICES
Period	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Final Domestic Demand	Value of physical changes in stock	Total Domestic Demand	Personal consumption of goods and services	Net exp. by central and local government on current goods and services	Gross domestic fixed capital formation	Final Domestic Demand	Value of physical changes in stock	Total Domestic Demand
2010
Q1	20,937	6,749	7,334	34,999	-571	34,428	22,192	6,685	7,432	36,299	-540	35,621
Q2	20,959	6,608	7,695	35,205	-280	34,609	22,200	6,701	8,008	36,736	-281	36,149
Q3	20,958	6,492	6,731	34,392	125	34,575	22,284	6,518	7,191	36,077	58	36,323
Q4	20,833	6,793	7,576	35,129	163	35,567	22,023	6,565	7,907	36,671	214	36,969
2011
Q1	20,976	6,628	6,988	34,589	69	34,721	22,180	6,687	7,337	36,045	15	36,068
Q2	21,013	6,680	8,106	35,778	157	35,464	22,096	6,632	8,603	37,282	92	36,954
Q3	20,642	6,683	7,014	34,517	576	35,176	21,639	6,487	7,458	35,806	457	36,494
Q4	20,984	6,654	7,843	35,175	-175	35,364	21,871	6,408	8,187	36,580	45	36,732
2012
Q1	20,812	6,607	8,042	35,642	199	35,918	21,556	6,368	8,625	36,635	220	36,842
Q2	20,947	6,459	10,867	38,378	129	37,917	21,662	6,268	11,118	39,075	34	38,630
Q3	21,146	6,468	7,924	35,385	327	35,854	21,891	6,315	7,909	36,134	231	36,634
Q4	21,237	6,397	7,313	34,927	165	35,433	21,836	6,188	7,615	35,641	366	36,096
2013
Q1	21,017	6,244	8,031	35,355	628	36,078	21,420	6,115	8,255	35,816	628	36,470
Q2	21,170	6,392	7,524	35,038	585	34,959	21,460	6,055	7,686	35,173	553	35,236
Q3	21,301	6,455	8,630	36,416	306	37,023	21,645	6,404	8,830	36,926	258	37,547
Q4	21,456	6,500	8,696	36,552	-1,010	35,900	21,724	6,588	8,706	36,945	-878	36,093
2014
Q1	21,550	6,541	9,280	37,509	911	38,463	21,622	6,518	9,396	37,757	660	38,473
Q2	21,824	6,705	9,177	37,780	-272	36,749	21,831	6,756	9,205	37,809	-262	36,988
Q3	21,992	6,642	10,075	38,685	978	40,186	21,976	6,656	10,208	38,657	1,036	40,212
Q4	22,363	6,632	10,987	39,715	1,128	41,027	22,306	6,577	10,712	39,517	1,386	40,822
2015
Q1	22,643	6,752	11,661	41,404	1,014	42,423	22,649	6,667	11,625	41,100	715	41,927
Q2	22,898	6,696	13,668	43,408	997	43,578	22,738	6,686	13,493	42,938	844	43,249
Q3	23,274	6,724	14,207	44,178	-1,567	43,327	23,055	6,676	13,752	43,333	-1,407	42,476
Q4	23,532	6,842	14,449	44,338	796	45,185	23,254	6,772	13,523	43,537	1,040	44,369
2016
Q1	23,952	6,957	11,059	42,663	644	43,273	23,745	6,883	11,350	42,107	555	42,795
Percentage change on previous quarter
2010
Q1	-0.1	-7.9	-14.8	-5.1		-6.0	1.2	-3.5	-16.6	-4.2		-5.1
Q2	0.1	-2.1	4.9	0.6		0.5	0.0	0.2	7.7	1.2		1.5
Q3	-0.0	-1.8	-12.5	-2.3		-0.1	0.4	-2.7	-10.2	-1.8		0.5
Q4	-0.6	4.6	12.5	2.1		2.9	-1.2	0.7	10.0	1.6		1.8
2011
Q1	0.7	-2.4	-7.8	-1.5		-2.4	0.7	1.9	-7.2	-1.7		-2.4
Q2	0.2	0.8	16.0	3.4		2.1	-0.4	-0.8	17.2	3.4		2.5
Q3	-1.8	0.1	-13.5	-3.5		-0.8	-2.1	-2.2	-13.3	-4.0		-1.2
Q4	1.7	-0.4	11.8	1.9		0.5	1.1	-1.2	9.8	2.2		0.7
2012
Q1	-0.8	-0.7	2.5	1.3		1.6	-1.4	-0.6	5.3	0.2		0.3
Q2	0.6	-2.2	35.1	7.7		5.6	0.5	-1.6	28.9	6.7		4.9
Q3	0.9	0.1	-27.1	-7.8		-5.4	1.1	0.8	-28.9	-7.5		-5.2
Q4	0.4	-1.1	-7.7	-1.3		-1.2	-0.3	-2.0	-3.7	-1.4		-1.5
2013
Q1	-1.0	-2.4	9.8	1.2		1.8	-1.9	-1.2	8.4	0.5		1.0
Q2	0.7	2.4	-6.3	-0.9		-3.1	0.2	-1.0	-6.9	-1.8		-3.4
Q3	0.6	1.0	14.7	3.9		5.9	0.9	5.8	14.9	5.0		6.6
Q4	0.7	0.7	0.8	0.4		-3.0	0.4	2.9	-1.4	0.1		-3.9
2014
Q1	0.4	0.6	6.7	2.6		7.1	-0.5	-1.1	7.9	2.2		6.6
Q2	1.3	2.5	-1.1	0.7		-4.5	1.0	3.7	-2.0	0.1		-3.9
Q3	0.8	-0.9	9.8	2.4		9.4	0.7	-1.5	10.9	2.2		8.7
Q4	1.7	-0.2	9.1	2.7		2.1	1.5	-1.2	4.9	2.2		1.5
2015
Q1	1.3	1.8	6.1	4.3		3.4	1.5	1.4	8.5	4.0		2.7
Q2	1.1	-0.8	17.2	4.8		2.7	0.4	0.3	16.1	4.5		3.2
Q3	1.6	0.4	3.9	1.8		-0.6	1.4	-0.1	1.9	0.9		-1.8
Q4	1.1	1.8	1.7	0.4		4.3	0.9	1.4	-1.7	0.5		4.5
2016
Q1	1.8	1.7	-23.5	-3.8		-4.2	2.1	1.6	-16.1	-3.3		-3.5
*Chain linked series not additive

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Show Annex 4A Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Annex 4A Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other building and construction	Transfer costs	Machinery and equipment	of which Other Transport Equipment	Intangible assets	Gross domestic fixed capital formation
2010	2,580	2,225	5,970	444	9,612	5,524	8,650	29,482
2011	1,919	1,930	5,153	356	10,892	6,101	9,563	29,813
2012	1,568	1,474	5,972	352	13,116	8,861	11,696	34,178
2013	1,601	1,665	7,060	501	12,356	6,106	9,704	32,887
2014	2,155	1,908	7,670	746	15,620	7,670	11,473	39,572
2015	2,743	1,822	8,884	796	16,365	6,196	23,495	54,103
2010
Q1	748	573	1,362	101	2,559	1,289	2,002	7,345
Q2	617	549	1,476	106	3,583	2,407	1,742	8,073
Q3	697	566	1,454	115	1,384	524	1,910	6,125
Q4	519	538	1,680	122	2,085	1,305	2,996	7,939
	2,580	2,225	5,970	444	9,612	5,524	8,650	29,482
2011
Q1	594	576	1,013	72	2,516	1,082	2,221	6,992
Q2	490	512	1,176	113	3,914	2,742	2,252	8,457
Q3	490	436	1,454	72	1,809	791	2,177	6,437
Q4	345	407	1,510	100	2,653	1,486	2,913	7,927
	1,919	1,930	5,153	356	10,892	6,101	9,563	29,813
2012
Q1	388	353	1,173	79	4,043	2,790	2,188	8,223
Q2	404	363	1,234	77	4,068	3,020	5,074	11,220
Q3	426	388	1,657	82	2,616	1,603	2,014	7,182
Q4	350	370	1,908	114	2,390	1,447	2,420	7,553
	1,568	1,474	5,972	352	13,116	8,861	11,696	34,178
2013
Q1	366	370	1,322	102	3,879	2,418	2,039	8,078
Q2	400	396	1,550	110	3,025	1,648	2,172	7,652
Q3	421	414	2,039	128	2,695	1,114	2,640	8,337
Q4	414	486	2,150	161	2,758	926	2,853	8,820
	1,601	1,665	7,060	501	12,356	6,106	9,704	32,887
2014
Q1	443	480	1,476	146	4,058	1,840	2,759	9,362
Q2	554	496	1,811	151	3,371	1,766	2,846	9,229
Q3	640	489	2,104	201	4,080	1,908	2,468	9,981
Q4	518	443	2,279	248	4,111	2,156	3,399	10,999
	2,155	1,908	7,670	746	15,620	7,670	11,473	39,572
2015
Q1	613	457	1,710	215	4,299	1,396	4,432	11,726
Q2	666	441	2,021	180	4,156	1,738	6,239	13,702
Q3	788	453	2,420	183	3,399	876	7,036	14,279
Q4	677	471	2,732	218	4,511	2,186	5,787	14,396
	2,743	1,822	8,884	796	16,365	6,196	23,495	54,103
2016
Q1	673	467	1,782	215	4,702	1,966	3,423	11,264
Percentage change on corresponding period of previous year
2010	-43.6	-26.4	-32.5	-30.2	-6.4	-6.5	1.0	-17.9
2011	-25.6	-13.3	-13.7	-19.8	13.3	10.4	10.6	1.1
2012	-18.3	-23.6	15.9	-1.4	20.4	45.2	22.3	14.6
2013	2.1	13.0	18.2	42.4	-5.8	-31.1	-17.0	-3.8
2014	34.6	14.6	8.6	49.0	26.4	25.6	18.2	20.3
2015	27.3	-4.5	15.8	6.7	4.8	-19.2	104.8	36.7
2010
Q1	-53.6	-38.2	-34.9	-57.2	-14.3	-16.8	5.2	-24.7
Q2	-45.0	-32.3	-33.0	-29.4	11.8	19.0	-11.4	-14.6
Q3	-37.4	-14.3	-33.8	-16.4	-37.3	-58.2	34.4	-20.8
Q4	-28.8	-14.2	-28.6	7.8	11.3	20.5	-8.4	-11.5
2011
Q1	-20.6	0.4	-25.6	-28.6	-1.7	-16.0	11.0	-4.8
Q2	-20.6	-6.6	-20.3	6.4	9.2	13.9	29.2	4.8
Q3	-29.6	-23.0	0.0	-37.8	30.7	51.0	14.0	5.1
Q4	-33.6	-24.4	-10.1	-18.1	27.3	13.9	-2.8	-0.1
2012
Q1	-34.7	-38.6	15.8	9.4	60.6	157.9	-1.5	17.6
Q2	-17.6	-29.2	4.9	-31.8	3.9	10.2	125.4	32.7
Q3	-13.2	-10.9	14.0	13.5	44.6	102.6	-7.5	11.6
Q4	1.5	-9.0	26.4	14.4	-9.9	-2.6	-16.9	-4.7
2013
Q1	-5.6	4.6	12.7	29.7	-4.0	-13.4	-6.8	-1.8
Q2	-0.9	9.1	25.6	42.3	-25.6	-45.4	-57.2	-31.8
Q3	-1.1	6.8	23.0	57.2	3.0	-30.5	31.1	16.1
Q4	18.2	31.2	12.7	40.7	15.4	-36.0	17.9	16.8
2014
Q1	21.0	29.8	11.7	42.7	4.6	-23.9	35.3	15.9
Q2	38.5	25.3	16.8	37.8	11.5	7.1	31.1	20.6
Q3	51.9	18.1	3.2	56.6	51.4	71.3	-6.5	19.7
Q4	25.3	-8.7	6.0	54.6	49.1	132.8	19.1	24.7
2015
Q1	38.4	-4.7	15.9	47.2	5.9	-24.1	60.6	25.3
Q2	20.1	-11.2	11.6	19.3	23.3	-1.6	119.2	48.5
Q3	23.1	-7.5	15.0	-9.0	-16.7	-54.1	185.1	43.1
Q4	30.5	6.3	19.9	-12.1	9.7	1.4	70.3	30.9
2016
Q1	9.9	2.2	4.2	0.4	9.4	40.8	-22.8	-3.9

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Annex 4B Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2014)* - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other building and construction	Transfer costs	Machinery and equipment	of which Other Transport Equipment	Intangible assets	Gross domestic fixed capital formation
2010	2,918	2,464	6,610	249	9,838	5,586	8,778	30,632
2011	2,134	2,139	5,711	311	11,313	6,275	10,040	31,668
2012	1,721	1,588	6,434	392	13,422	8,987	11,696	35,368
2013	1,706	1,744	7,392	549	12,580	6,114	9,522	33,468
2014	2,155	1,908	7,670	746	15,620	7,670	11,473	39,572
2015	2,547	1,728	9,156	730	16,083	6,081	22,977	52,494
2010
Q1	853	613	1,470	54	2,600	1,291	2,034	7,552
Q2	702	606	1,633	59	3,682	2,436	1,760	8,378
Q3	779	676	1,689	66	1,416	532	1,943	6,514
Q4	584	569	1,819	71	2,140	1,327	3,041	8,188
	2,918	2,464	6,610	249	9,838	5,586	8,778	30,632
2011
Q1	634	659	1,150	59	2,616	1,115	2,334	7,433
Q2	545	554	1,290	96	4,070	2,821	2,357	8,954
Q3	559	471	1,589	63	1,876	813	2,287	6,810
Q4	395	455	1,682	93	2,752	1,526	3,063	8,470
	2,134	2,139	5,711	311	11,313	6,275	10,040	31,668
2012
Q1	435	400	1,316	87	4,166	2,852	2,284	8,737
Q2	430	408	1,372	87	4,153	3,060	4,924	11,451
Q3	466	390	1,715	92	2,668	1,618	2,034	7,359
Q4	391	390	2,031	127	2,434	1,457	2,454	7,820
	1,721	1,588	6,434	392	13,422	8,987	11,696	35,368
2013
Q1	395	419	1,466	116	3,943	2,423	2,024	8,373
Q2	434	414	1,631	124	3,077	1,649	2,131	7,804
Q3	441	427	2,117	140	2,746	1,115	2,580	8,435
Q4	436	484	2,179	170	2,814	928	2,787	8,856
	1,706	1,744	7,392	549	12,580	6,114	9,522	33,468
2014
Q1	465	498	1,526	158	4,071	1,843	2,768	9,497
Q2	563	489	1,808	158	3,379	1,766	2,847	9,249
Q3	635	501	2,137	198	4,072	1,906	2,461	9,977
Q4	492	421	2,198	232	4,098	2,154	3,397	10,850
	2,155	1,908	7,670	746	15,620	7,670	11,473	39,572
2015
Q1	600	448	1,815	203	4,247	1,378	4,456	11,624
Q2	633	421	2,099	169	4,098	1,708	6,273	13,526
Q3	723	430	2,499	166	3,331	857	6,672	13,623
Q4	592	429	2,743	193	4,408	2,138	5,576	13,722
	2,547	1,728	9,156	730	16,083	6,081	22,977	52,494
2016
Q1	569	458	1,928	190	4,593	2,374	3,448	11,187
Percentage change on corresponding period of previous year
2010	-42.2	-20.0	-26.6	-23.5	-5.1	-4.6	2.2	-14.9
2011	-26.9	-13.2	-13.6	24.9	15.0	12.3	14.4	3.4
2012	-19.3	-25.8	12.7	25.9	18.6	43.2	16.5	11.7
2013	-0.9	9.8	14.9	40.1	-6.3	-32.0	-18.6	-5.4
2014	26.3	9.5	3.8	35.8	24.2	25.4	20.5	18.2
2015	18.2	-9.4	19.4	-2.1	3.0	-20.7	100.3	32.7
2010
Q1	-49.3	-33.9	-28.5	-51.7	-13.3	-15.9	10.4	-21.1
Q2	-43.3	-25.9	-25.9	-21.5	13.9	21.5	-8.7	-10.3
Q3	-38.7	-0.8	-25.6	-13.1	-36.6	-57.2	34.6	-18.0
Q4	-31.9	-12.8	-26.6	11.5	12.6	23.8	-9.9	-10.6
2011
Q1	-25.7	7.4	-21.7	8.3	0.6	-13.6	14.7	-1.6
Q2	-22.4	-8.5	-21.0	64.3	10.5	15.8	33.9	6.9
Q3	-28.2	-30.3	-5.9	-3.2	32.5	53.0	17.7	4.5
Q4	-32.3	-19.9	-7.5	31.0	28.6	15.0	0.7	3.4
2012
Q1	-31.4	-39.3	14.4	47.6	59.3	155.7	-2.1	17.5
Q2	-21.2	-26.3	6.4	-10.1	2.1	8.5	108.9	27.9
Q3	-16.8	-17.2	7.9	44.3	42.2	99.0	-11.1	8.1
Q4	-1.2	-14.4	20.8	36.6	-11.5	-4.5	-19.9	-7.7
2013
Q1	-9.2	4.7	11.4	33.5	-5.4	-15.1	-11.4	-4.2
Q2	1.0	1.3	18.9	42.8	-25.9	-46.1	-56.7	-31.9
Q3	-5.2	9.3	23.4	53.2	2.9	-31.1	26.8	14.6
Q4	11.5	24.3	7.3	33.4	15.6	-36.3	13.6	13.2
2014
Q1	17.7	18.9	4.1	36.4	3.3	-23.9	36.7	13.4
Q2	29.8	18.3	10.9	28.2	9.8	7.1	33.6	18.5
Q3	44.0	17.3	1.0	40.8	48.3	71.0	-4.6	18.3
Q4	12.9	-13.2	0.9	36.9	45.6	132.3	21.9	22.5
2015
Q1	28.9	-10.0	18.9	28.8	4.3	-25.3	61.0	22.4
Q2	12.4	-14.0	16.1	6.4	21.3	-3.3	120.3	46.2
Q3	13.8	-14.0	16.9	-15.9	-18.2	-55.0	171.1	36.5
Q4	20.3	2.0	24.8	-17.1	7.6	-0.8	64.2	26.5
2016
Q1	-5.1	2.4	6.2	-6.3	8.2	72.3	-22.6	-3.8
*Chain linked series not additive

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Annex 4C Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted
		CURRENT MARKET PRICES				CONSTANT MARKET PRICES		€million
Period	All building and construction (including dwellings, improvements, other B&C and transfer costs)**	Machinery and equipment	Intangible assets	Gross domestic fixed capital formation	All building and construction (including dwellings, improvements, other B&C and transfer costs)**	Machinery and equipment	Intangible assets	Gross domestic fixed capital formation
2010
Q1	3,035	2,109	2,031	7,334	3,123	2,136	2,093	7,432
Q2	2,901	2,895	1,889	7,695	3,114	2,985	1,914	8,008
Q3	2,668	1,866	2,097	6,731	2,965	1,906	2,124	7,191
Q4	2,615	2,533	2,519	7,576	2,763	2,599	2,534	7,907
2011
Q1	2,507	2,097	2,303	6,988	2,657	2,175	2,441	7,337
Q2	2,423	3,224	2,404	8,106	2,543	3,364	2,534	8,603
Q3	2,292	2,380	2,359	7,014	2,452	2,465	2,487	7,458
Q4	2,196	3,120	2,480	7,843	2,374	3,231	2,548	8,187
2012
Q1	2,211	3,410	2,307	8,042	2,343	3,513	2,452	8,625
Q2	2,198	3,469	5,296	10,867	2,357	3,549	5,194	11,118
Q3	2,430	3,313	2,137	7,924	2,439	3,376	2,177	7,909
Q4	2,479	2,719	2,117	7,313	2,568	2,763	2,057	7,615
2013
Q1	2,466	3,305	2,177	8,031	2,559	3,363	2,247	8,255
Q2	2,598	2,694	2,210	7,524	2,635	2,742	2,189	7,686
Q3	2,778	3,274	2,738	8,630	2,762	3,335	2,699	8,830
Q4	2,896	3,046	2,579	8,696	2,835	3,106	2,371	8,706
2014
Q1	2,924	3,490	2,975	9,280	2,814	3,507	3,183	9,396
Q2	3,183	3,132	2,835	9,177	3,021	3,133	2,854	9,205
Q3	3,175	4,769	2,500	10,075	3,020	4,761	2,507	10,208
Q4	3,142	4,425	3,164	10,987	2,855	4,413	2,939	10,712
2015
Q1	3,457	3,767	4,823	11,661	3,080	3,727	5,287	11,625
Q2	3,484	3,940	6,101	13,668	3,140	3,873	6,151	13,493
Q3	3,558	3,892	7,048	14,207	3,189	3,817	6,697	13,752
Q4	3,688	4,748	5,468	14,449	3,259	4,651	4,855	13,523
2016
Q1	3,563	4,200	3,757	11,059	3,295	4,106	4,197	11,350
Percentage change on previous quarter
2010
Q1	-14.2	-9.3	-26.5	-14.8	-15.9	-9.4	-26.0	-16.6
Q2	-4.4	37.3	-7.0	4.9	-0.3	39.8	-8.5	7.7
Q3	-8.1	-35.6	11.0	-12.5	-4.8	-36.1	11.0	-10.2
Q4	-2.0	35.7	20.1	12.5	-6.8	36.3	19.3	10.0
2011
Q1	-4.1	-17.2	-8.6	-7.8	-3.9	-16.3	-3.6	-7.2
Q2	-3.3	53.7	4.4	16.0	-4.3	54.6	3.8	17.2
Q3	-5.4	-26.2	-1.9	-13.5	-3.6	-26.7	-1.8	-13.3
Q4	-4.2	31.1	5.1	11.8	-3.2	31.1	2.4	9.8
2012
Q1	0.7	9.3	-6.9	2.5	-1.3	8.7	-3.8	5.3
Q2	-0.6	1.7	129.5	35.1	0.6	1.0	111.8	28.9
Q3	10.5	-4.5	-59.6	-27.1	3.5	-4.9	-58.1	-28.9
Q4	2.0	-17.9	-1.0	-7.7	5.3	-18.2	-5.5	-3.7
2013
Q1	-0.5	21.5	2.8	9.8	-0.3	21.7	9.2	8.4
Q2	5.4	-18.5	1.5	-6.3	3.0	-18.5	-2.6	-6.9
Q3	6.9	21.5	23.9	14.7	4.8	21.6	23.3	14.9
Q4	4.3	-7.0	-5.8	0.8	2.6	-6.9	-12.2	-1.4
2014
Q1	1.0	14.6	15.4	6.7	-0.7	12.9	34.3	7.9
Q2	8.9	-10.3	-4.7	-1.1	7.3	-10.6	-10.3	-2.0
Q3	-0.3	52.3	-11.8	9.8	-0.0	52.0	-12.1	10.9
Q4	-1.0	-7.2	26.5	9.1	-5.5	-7.3	17.2	4.9
2015
Q1	10.1	-14.9	52.4	6.1	7.9	-15.6	79.9	8.5
Q2	0.8	4.6	26.5	17.2	1.9	3.9	16.4	16.1
Q3	2.1	-1.2	15.5	3.9	1.6	-1.4	8.9	1.9
Q4	3.7	22.0	-22.4	1.7	2.2	21.8	-27.5	-1.7
2016
Q1	-3.4	-11.5	-31.3	-23.5	1.1	-11.7	-13.6	-16.1
*Chain linked series not additive
**The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present

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Background Notes

Introduction

This release gives the official quarterly national accounts estimates for Ireland. It provides the first set of results for quarter 1 of 2016.

National accounts are compiled in the EU according to the European System of National and Regional Accounts (ESA 2010) framework. In 2014, the new ESA 2010 framework replaced the previous ESA 95 version and all EU member states were 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 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 2015 and earlier years also being 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 (incl. Rent)		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 2016 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 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 2014 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 BPM6 framework. 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 BPM6 framework introduced in 2014, 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 quarterly.

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 (NFI)

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.

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 previous 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. Current price estimates are converted to previous year prices using the available price indices, including export and import unit value indices.

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 GDP and GNP series. As part of the seasonal adjustment process, ARIMA models are identified for each series based on unadjusted data spanning Q1 1997 to Q1 2016. These models are then applied to the entire series (Q1 1997 to Q1 2016). Seasonal factors and the parameters of the ARIMA models are updated each quarter.

The adjustments are completed by applying the X-13-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:

• 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-13-ARIMA see https://www.census.gov/srd/www/winx13/

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Quarterly National Accounts

Quarter 1 2016

Quarterly decrease of 2.1 per cent in GDP

Background Notes

Introduction

Revisions

Nace classification

Current Price

Volumes

Definitions

Methodology

Table 1: Output Measure

Tables 2 and 3: Expenditure Measures

Seasonal Adjustment

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