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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 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-5775
CSO statistical release, 14 July 2017, 11am

Quarterly National Accounts

Quarter 1 2017

GDP and GNP (seasonally adjusted) at constant 2015 prices
  Q1 2017
Amount €mQuarterly % change
GDP70,912-2.6
GNP57,775-7.1

Quarterly decrease of 2.6 per cent in Real GDP

Figure 1 Quarterly Growth Rates (% change on previous quarter)
go to full release

On a seasonally adjusted basis, initial estimates indicate that GDP in volume terms decreased by 2.6 per cent for the first quarter of 2017. GNP decreased by 7.1 per cent over the same period.

Value added increases for Construction, Information & Communication, Professional & Admin Services and Real Estate, declines in Industry, Arts & Entertainment and Financial Services

Value added of construction rose by 4.1 per cent in volume terms in the Q1 2017 compared with the previous quarter. Professional and administration services recorded a 3.3 per cent increase in real terms with information & communication recording a 2.9 per cent increase (see Table 1). The real estate sector increased by 1.9 per cent over the same period. Industry declined by 8.8 per cent compared with the previous quarter while arts & entertainment declined by 6.6 per cent with financial services recording a 6.4 per cent decline.

Personal Consumption and Net Exports increase, Capital Investment declines

On the expenditure side of the accounts (Table 6) personal consumption, which accounts for an important part of domestic demand, rose by 1.2 per cent while government expenditure exhibited an increase of 0.3 per cent over the same period. Capital formation declined by 38.1 per cent compared with the previous quarter. Total domestic demand decreased by 17.3 per cent in Q1 2017 over Q4 2016.

Exports were little changed in Q1 2017 compared with Q4 2016, but an import decline of 12.7 per cent meant overall net exports for the quarter rose by 61.8 per cent. When combined with the 17.3 per cent decrease in domestic demand, the result was an overall decrease in real GDP in Q1 2017 of 2.6 per cent. Factor income outflows were 3.4 per cent higher in Q1 2017 (€12,656m) compared with Q4 2016 leading to an overall decrease in GNP of 7.1 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 2016

Initial estimates for the first quarter of 2017 indicate that there was an increase of 6.1 per cent in GDP in real terms in Q1 2017 compared with Q1 2016. Information & communication made the most positive contribution to the Q1 result, rising by 28.0 per cent, with building and construction recording an increase of 20.7 per cent. Increases were also recorded in professional services (8.4 per cent), real estate (3.4 per cent), industry (1.5 per cent) and distribution, transport & hotels (1.1 per cent). Financial services declined by 8.6 per cent over the period compared with Q1 2016, while agriculture decreased by 0.9 per cent.

On the expenditure side there was an increase in net exports of €2,472m (12.6 per cent) during the quarter. Capital investment exhibited an increase of 26.6 per cent while personal consumption expenditure increased by 1.8 per cent in Q1 2017 compared to Q1 2016.

Factor income outflows were 1.6 per cent lower than in the same quarter of 2016 leading to an overall increase in GNP of 7.9 per cent year-on-year.

See also:

NIE 2016, QNA & BOP Q1 2017 FAQ (PDF 229KB)

NIE 2016, Quarterly National Accounts and Balance of Payments Q1 2017 Press Briefing Presentation (PDF 1,492KB)

GDPGNP
2016 Q1-0.4780885836244691.7754602326614
2016 Q20.5008273275171011.90788450042021
2016 Q32.953721639509031.670577216981
2016 Q45.7914916679283112.0204634727097
2017 Q1-2.62782847494574-7.08048960285514
Table 1 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2015)2€million
PeriodAgriculture Forestry and FishingIndustry (excl. Construction)of which ManufacturingConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other ServicesGVA at Constant Basic PricesTaxes less Subsidies on ProductsGDP at Constant Market PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
20111,93650,08045,2315,33227,13014,35116,72413,06716,46427,3592,774173,99515,339189,478-37,148152,291
20121,64549,32244,5175,13626,97814,93814,96113,46716,46826,9342,824174,08715,319189,548-35,551153,963
20131,77947,97043,0015,51627,41616,56314,26913,92718,11827,5462,834176,54115,939192,654-30,318162,436
20142,22951,66746,3875,83328,88419,18115,18614,49120,67427,9102,933191,02917,467208,700-31,676177,129
20152,34094,45489,9286,17930,66921,53316,39314,49125,21328,9783,051243,18118,857262,037-56,048205,990
20162,64496,91892,3647,10932,25923,64716,94414,63728,84929,4333,359255,29420,216275,510-49,729225,781
                 
2011                
Q149612,60011,3171,3326,5873,5483,7863,2404,0606,73271342,7334,25247,049-9,32737,711
Q264513,01711,8141,2776,8013,5443,9103,2524,0986,95567544,5643,04047,589-9,82537,752
Q347412,31311,1151,3876,8433,6704,3733,2844,0906,81670043,5604,47148,104-9,12438,972
Q432212,15010,9841,3366,9003,5884,6543,2904,2176,85768643,1383,57546,736-8,87237,856
2012                
Q147213,22911,9261,1426,5093,9493,4493,3074,0606,55970242,4924,17746,733-9,41037,313
Q257513,17712,0041,1756,6333,2923,4103,3364,0546,77270844,6043,04647,627-9,01238,607
Q336412,04810,9221,3506,7873,8633,9153,3754,1046,77972043,2204,69048,005-8,90539,092
Q423310,8689,6651,4697,0493,8334,1863,4494,2496,82369343,7713,40647,182-8,22438,952
2013                
Q138112,51311,2431,1466,4213,8213,2483,3864,4436,68670941,7604,36146,207-7,60138,623
Q254012,71411,5061,2456,6633,8723,3323,4464,4496,92771844,3073,13447,420-8,76538,649
Q349211,71610,3931,5157,0614,5043,7893,5044,4866,94870445,5784,79650,470-7,73942,762
Q436511,0289,8591,6097,2714,3673,9003,5914,7406,98470344,8953,64848,557-6,21442,402
2014                
Q148312,99511,6691,2726,9164,1393,5093,5164,9566,77871945,3004,53849,913-7,96041,979
Q271414,11712,8911,3977,0114,7623,4603,5774,9317,02573747,7463,69751,450-8,53742,940
Q357512,66911,1271,6057,4245,3174,0443,6525,2167,02373549,0784,89154,049-8,27545,801
Q445711,88610,7001,5597,5324,9634,1743,7455,5707,08474148,9044,34153,288-6,90446,409
2015                
Q150024,74723,5041,3457,3875,3223,8633,5906,0236,97474158,7254,93463,689-15,22248,453
Q268522,17221,0171,4307,3254,8163,8093,5686,1317,25673758,4124,03862,412-10,57451,860
Q364123,40722,2991,6507,9596,2914,1883,6416,5947,30776463,0095,42068,470-15,14753,319
Q451524,12823,1081,7537,9985,1044,5333,6926,4657,44280963,0354,46467,466-15,10452,357
2016                
Q158323,79922,6021,4057,9175,1764,0703,5727,1827,09781659,7575,50765,263-12,53752,726
Q281122,88221,7301,6517,7394,9264,0743,6446,9827,40181561,4104,37465,784-11,02954,756
Q371722,96221,8182,0238,3697,0914,3003,6887,3397,39283764,6615,63170,292-13,74356,549
Q453227,27526,2152,0318,2356,4544,5003,7337,3477,54389169,4664,70474,170-12,42061,750
2017                
Q157824,15922,8501,6968,0076,6273,7213,6957,7857,13382163,7335,48869,221-12,33756,884
               
Percentage change on corresponding period of previous year
201113.216.619.0-14.0-0.1-0.010.11.33.14.6-4.53.6-2.73.0 -0.4
2012-15.1-1.5-1.6-3.7-0.64.1-10.53.10.0-1.61.80.1-0.10.0 1.1
20138.2-2.7-3.47.41.610.9-4.63.410.02.30.41.44.01.6 5.5
201425.37.77.95.75.415.86.44.014.11.33.58.29.68.3 9.0
20155.082.893.95.96.212.37.9-0.022.03.84.027.38.025.6 16.3
201613.02.62.715.15.29.83.41.014.41.610.15.07.25.1 9.6
                 
2011                
Q19.19.610.8-11.9-0.92.93.01.45.15.9-2.73.72.43.6 2.8
Q211.821.424.4-16.40.76.62.31.26.16.4-5.94.3-5.73.5 1.5
Q311.317.619.5-14.6-0.7-6.315.41.05.92.4-3.83.5-7.12.4 -0.6
Q427.018.422.0-13.00.5-2.219.31.6-3.93.9-5.82.7-0.22.4 -4.8
2012                
Q1-4.85.05.4-14.3-1.211.3-8.92.10.0-2.6-1.4-0.6-1.8-0.7 -1.1
Q2-10.81.21.6-8.0-2.5-7.1-12.82.6-1.1-2.64.90.10.20.1 2.3
Q3-23.1-2.2-1.7-2.7-0.85.3-10.52.80.4-0.52.9-0.84.9-0.2 0.3
Q4-27.7-10.5-12.010.02.26.8-10.14.80.8-0.51.11.5-4.71.0 2.9
2013                
Q1-19.3-5.4-5.70.4-1.3-3.2-5.82.49.41.91.0-1.74.4-1.1 3.5
Q2-6.2-3.5-4.25.90.417.6-2.33.39.72.31.4-0.72.9-0.4 0.1
Q335.1-2.8-4.812.24.016.6-3.23.89.32.5-2.35.52.35.1 9.4
Q457.01.52.09.63.113.9-6.84.111.62.41.42.67.12.9 8.9
2014                
Q126.63.83.810.97.78.38.03.811.51.41.48.54.18.0 8.7
Q232.311.012.012.35.223.03.93.810.91.42.67.818.08.5 11.1
Q316.78.17.15.95.118.16.74.216.31.14.57.72.07.1 7.1
Q425.27.88.5-3.13.613.77.04.317.51.45.48.919.09.7 9.4
2015                
Q13.590.4101.45.86.828.610.12.121.52.93.129.68.727.6 15.4
Q2-4.157.163.02.44.51.110.1-0.324.33.3-0.022.39.221.3 20.8
Q311.684.8100.42.87.218.33.6-0.326.44.03.928.410.826.7 16.4
Q412.5103.0116.012.56.22.88.6-1.416.15.09.228.92.826.6 12.8
2016                
Q116.7-3.8-3.84.47.2-2.75.4-0.519.21.810.11.811.62.5 8.8
Q218.53.23.415.45.62.36.92.113.92.010.65.18.35.4 5.6
Q311.8-1.9-2.222.65.212.72.71.311.31.29.62.63.92.7 6.1
Q43.413.013.415.83.026.5-0.71.113.61.410.110.25.49.9 17.9
2017                
Q1-0.91.51.120.71.128.0-8.63.48.40.50.56.7-0.36.1 7.9
1See Background Notes for detailed Nace A10 sector descriptions
2Chain 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 Rest of WorldGNP at Current Market Prices
201184,20926,37028,813803177,303-145,143-417171,939-33,788138,151
201284,79725,74534,4521,045187,658-157,512-623175,561-33,549142,012
201385,78425,47133,627216191,185-157,3151,332180,298-28,309151,990
201488,53526,24440,4203,160219,786-185,1841,576194,537-29,715164,822
201592,72126,95353,1602,353326,610-239,880121262,037-56,048205,990
201696,61328,35487,6622,383335,041-274,398-89275,567-48,818226,749
           
2011          
Q120,6626,5616,92134643,400-35,702-10242,086-8,40933,677
Q220,5706,5538,3206944,751-36,754-10543,403-8,81234,591
Q320,4686,6416,2891,06944,313-34,628-10744,044-8,38435,660
Q422,5106,6157,284-68144,839-38,058-10342,405-8,18234,223
2012          
Q120,2866,5658,33345745,260-38,082-15142,668-8,95433,713
Q220,5216,38911,201-5947,502-40,798-15844,599-8,39136,208
Q321,2036,4677,28378246,664-37,351-15944,888-8,53036,358
Q422,7866,3247,634-13648,232-41,280-15443,406-7,67335,733
2013          
Q120,6226,2358,18732345,306-38,11331742,877-7,22035,657
Q220,7156,3897,78538049,165-40,07133044,694-8,15736,537
Q321,3886,4628,53047948,179-37,71835247,673-7,21440,459
Q423,0596,3859,125-96748,535-41,41333345,055-5,71839,337
2014          
Q121,2336,5379,5641,17048,980-42,17037045,684-7,39738,287
Q221,4396,6989,35212955,212-45,48838747,729-7,96639,763
Q321,9536,58510,14656556,893-45,97241050,580-7,76742,813
Q423,9106,42411,3571,29658,701-51,55440950,545-6,58643,959
2015          
Q122,1206,84611,63412975,871-54,5712962,058-15,20346,855
Q222,2026,75113,69060579,763-60,5892962,451-10,63851,813
Q323,2966,69114,4251,21583,206-60,4323268,435-15,12453,311
Q425,1026,66413,41040387,769-64,2873269,094-15,08354,011
2016          
Q123,6187,17111,9221,15280,400-59,635-2164,608-12,36552,243
Q223,1737,09824,93542782,211-72,376-2165,447-10,71454,733
Q323,9717,04123,35256784,002-68,561-2370,351-13,53156,819
Q425,8517,04527,45223788,427-73,826-2475,162-12,20862,954
2017          
Q124,2627,43415,34932184,188-62,344-269,209-12,33656,872
           
Percentage change on corresponding period of previous year
2011-0.6-0.7-2.3 2.60.2 2.6 -0.7
20120.7-2.419.6 5.88.5 2.1 2.8
20131.2-1.1-2.4 1.9-0.1 2.7 7.0
20143.23.020.2 15.017.7 7.9 8.4
20154.72.731.5 48.629.5 34.7 25.0
20164.25.264.9 2.614.4 5.2 10.1
           
2011          
Q1-0.6-2.5-5.8 7.07.7 1.7 1.0
Q2-0.80.63.1 1.90.1 2.8 1.2
Q3-2.02.82.7 -0.7-2.7 3.2 0.5
Q40.7-3.5-8.2 2.7-3.5 2.7 -5.2
2012          
Q1-1.80.120.4 4.36.7 1.4 0.1
Q2-0.2-2.534.6 6.111.0 2.8 4.7
Q33.6-2.615.8 5.37.9 1.9 2.0
Q41.2-4.44.8 7.68.5 2.4 4.4
2013          
Q11.7-5.0-1.8 0.10.1 0.5 5.8
Q20.9-0.0-30.5 3.5-1.8 0.2 0.9
Q30.9-0.117.1 3.21.0 6.2 11.3
Q41.21.019.5 0.60.3 3.8 10.1
2014          
Q13.04.816.8 8.110.6 6.5 7.4
Q23.54.820.1 12.313.5 6.8 8.8
Q32.61.918.9 18.121.9 6.1 5.8
Q43.70.624.5 20.924.5 12.2 11.8
2015          
Q14.24.721.6 54.929.4 35.8 22.4
Q23.60.846.4 44.533.2 30.8 30.3
Q36.11.642.2 46.331.5 35.3 24.5
Q45.03.718.1 49.524.7 36.7 22.9
2016          
Q16.84.72.5 6.09.3 4.1 11.5
Q24.45.182.1 3.119.5 4.8 5.6
Q32.95.261.9 1.013.5 2.8 6.6
Q43.05.7104.7 0.714.8 8.8 16.6
2017          
Q12.73.728.7 4.74.5 7.1 8.9
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2015)1€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 Rest of WorldGNP at Constant Market Prices
201188,62026,14431,385617197,031-160,294189,478-37,148152,291
201287,83725,16036,530810200,145-164,309189,548-35,551153,963
201387,24025,26235,190214206,242-165,725192,654-30,318162,436
201488,98926,46541,5603,198236,004-190,355208,700-31,676177,129
201592,72126,95353,1602,353326,610-239,880262,037-56,048205,990
201695,74328,37885,6742,682341,676-279,148275,510-49,729225,781
          
2011         
Q121,9626,6747,54025648,671-39,37247,049-9,32737,711
Q221,7546,5939,0601850,448-40,89047,589-9,82537,752
Q321,5246,4266,81582448,753-38,26748,104-9,12438,972
Q423,3796,4517,969-48149,159-41,76546,736-8,87237,856
2012         
Q121,1736,4089,02036047,856-40,21646,733-9,41037,313
Q221,2246,24111,735-7451,309-42,39347,627-9,01238,607
Q321,8146,3197,67059848,996-38,83348,005-8,90539,092
Q423,6266,1938,104-7551,984-42,86747,182-8,22438,952
2013         
Q121,0256,1998,69635147,994-40,14446,207-7,60138,623
Q221,0816,0548,16933653,164-42,20947,420-8,76538,649
Q321,6646,4418,88835752,009-39,61450,470-7,73942,762
Q423,4706,5679,438-83053,075-43,75748,557-6,21442,402
2014         
Q121,4876,5929,9481,17653,154-43,72649,913-7,96041,979
Q221,5256,7559,63815259,668-47,37551,450-8,53742,940
Q321,9526,64110,44055361,127-47,01154,049-8,27545,801
Q424,0256,47811,5341,31862,055-52,24353,288-6,90446,409
2015         
Q122,2876,84611,72511775,975-54,85263,689-15,22248,453
Q222,2096,75113,73257579,342-59,74862,412-10,57451,860
Q323,1396,69114,4941,25483,365-60,11068,470-15,14753,319
Q425,0866,66413,20840787,928-65,17067,466-15,10452,357
2016         
Q123,6127,17111,7181,24281,628-61,96865,263-12,53752,726
Q222,8957,09724,48751984,694-73,42265,784-11,02954,756
Q323,5877,06222,93164585,347-69,33770,292-13,74356,549
Q425,6497,04726,53827690,007-74,42174,170-12,42061,750
2017         
Q124,0297,38414,83235784,236-62,10469,221-12,33756,884
          
Percentage change on corresponding period of previous year 
2011-1.7-1.6-0.2 3.22.73.0 -0.4
2012-0.9-3.816.4 1.62.50.0 1.1
2013-0.70.4-3.7 3.00.91.6 5.5
20142.04.818.1 14.414.98.3 9.0
20154.21.827.9 38.426.025.6 16.3
20163.35.361.2 4.616.45.1 9.6
          
2011         
Q1-0.7-0.0-2.7 8.27.93.6 2.8
Q2-1.4-1.95.3 2.94.13.5 1.5
Q3-3.5-0.51.9 0.11.02.4 -0.6
Q4-1.0-3.9-5.2 1.8-1.62.4 -4.8
2012         
Q1-3.6-4.019.6 -1.72.1-0.7 -1.1
Q2-2.4-5.329.5 1.73.70.1 2.3
Q31.3-1.712.5 0.51.5-0.2 0.3
Q41.1-4.01.7 5.72.61.0 2.9
2013         
Q1-0.7-3.3-3.6 0.3-0.2-1.1 3.5
Q2-0.7-3.0-30.4 3.6-0.4-0.4 0.1
Q3-0.71.915.9 6.12.05.1 9.4
Q4-0.76.016.5 2.12.12.9 8.9
2014         
Q12.26.314.4 10.88.98.0 8.7
Q22.111.618.0 12.212.28.5 11.1
Q31.33.117.5 17.518.77.1 7.1
Q42.4-1.422.2 16.919.49.7 9.4
2015         
Q13.73.917.9 42.925.427.6 15.4
Q23.2-0.142.5 33.026.121.3 20.8
Q35.40.838.8 36.427.926.7 16.4
Q44.42.914.5 41.724.726.6 12.8
2016         
Q15.94.8-0.1 7.413.02.5 8.8
Q23.15.178.3 6.722.95.4 5.6
Q31.95.558.2 2.415.42.7 6.1
Q42.25.7100.9 2.414.29.9 17.9
2017         
Q11.83.026.6 3.20.26.1 7.9
1Chain linked series not additive
Table 4 Gross Value Added at Constant Factor Cost by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2015)2 - Seasonally Adjusted€million
PeriodAgriculture Forestry and FishingIndustry (excl. Construction)of which ManufacturingConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other ServicesGVA at Constant Basic PricesTaxes less Subsidies on ProductsGDP at Constant Market PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
2011                
Q147211,91110,6741,4336,8023,5333,9263,2744,0426,89971143,3173,92347,299-9,14838,289
Q249012,27011,0441,3576,8623,7324,1053,2674,1236,89867643,6323,78147,470-9,29838,081
Q348812,78811,5611,3036,7513,4884,2353,2754,1386,78469543,5223,72947,289-9,01738,355
Q447512,88511,7261,2546,7633,5914,4113,2514,1736,75169143,3373,93847,253-9,61537,566
2012                
Q146212,52811,2931,2386,6483,9553,5843,3404,0236,73570043,3373,82647,206-9,29837,976
Q242812,46911,2661,2556,7133,4953,6123,3564,0856,71470943,7703,78547,612-8,55938,859
Q337112,03210,9131,2856,7433,6283,7793,3654,1536,70371742,9683,92147,010-8,78838,365
Q437011,83210,5761,3326,8373,8403,9423,4024,2186,76269743,8183,77247,564-8,75338,797
2013                
Q139011,94210,7361,2926,6393,8363,3843,4234,3846,85170742,7533,98446,805-7,58939,337
Q239912,10510,8721,3306,7804,1673,5533,4694,4926,86972043,7763,83747,671-8,55838,798
Q348612,11310,8021,4046,9234,1563,6493,4944,5286,91870244,9944,06449,166-7,46841,920
Q448911,83110,5891,4477,0624,3843,6523,5364,7256,91570444,8254,01848,842-6,50742,394
2014                
Q151512,47911,2311,4617,1174,1793,6683,5584,8746,94971746,4084,16950,589-8,07242,737
Q257513,57412,3111,4867,1865,1813,6963,6044,9896,96973947,5824,40852,028-8,65842,978
Q355513,09611,5721,4787,2444,8243,8993,6415,2506,99673648,2684,23452,581-7,76444,911
Q457212,50911,2411,4017,3445,0043,8923,6835,5737,00173848,5014,73153,272-7,00046,554
2015                
Q155023,92922,8001,5637,5605,3994,0503,6365,9097,15474060,2514,55764,654-15,42549,268
Q254921,55020,3161,5147,5525,2914,0613,5966,2167,20274158,6704,70263,404-11,03651,795
Q360624,19523,1881,5117,7375,6214,0493,6276,6147,27976761,9424,78566,734-14,39152,313
Q462824,96623,8141,5807,8165,1684,2193,6306,4887,34780161,9004,82966,851-15,05052,637
2016                
Q164523,10522,0591,6177,9695,2734,2743,6197,0387,29981561,5815,09466,531-12,80653,572
Q267522,47721,2491,7428,0035,4384,3273,6757,0877,34882261,9045,01966,864-11,76054,594
Q367423,73722,6781,8428,1196,2774,1743,6717,3427,36484163,7475,04168,839-12,81255,506
Q464726,82125,5661,8748,1316,5624,1803,6727,3877,39587967,5315,05972,826-12,24562,178
2017                
Q164424,46723,3331,9518,0926,7513,9133,7437,6287,37682066,0375,08070,912-12,65657,775
                 
Percentage change on previous quarter
2011                
Q112.05.66.4-0.51.7-4.05.52.3-6.65.7-3.42.40.22.3 -2.7
Q23.83.03.5-5.30.95.74.5-0.22.0-0.0-4.90.7-3.60.4 -0.5
Q3-0.44.24.7-4.0-1.6-6.53.20.20.4-1.72.8-0.3-1.4-0.4 0.7
Q4-2.50.81.4-3.80.22.94.2-0.70.8-0.5-0.6-0.45.6-0.1 -2.1
2012                
Q1-2.9-2.8-3.7-1.2-1.710.1-18.82.7-3.6-0.21.30.0-2.8-0.1 1.1
Q2-7.4-0.5-0.21.31.0-11.60.80.51.5-0.31.31.0-1.10.9 2.3
Q3-13.3-3.5-3.12.40.43.84.60.31.7-0.21.1-1.83.6-1.3 -1.3
Q4-0.3-1.7-3.13.71.45.84.31.11.60.9-2.92.0-3.81.2 1.1
2013                
Q15.60.91.5-3.0-2.9-0.1-14.20.63.91.31.5-2.45.6-1.6 1.4
Q22.21.41.32.92.18.65.01.32.40.31.82.4-3.71.8 -1.4
Q321.70.1-0.65.62.1-0.32.70.70.80.7-2.52.85.93.1 8.0
Q40.6-2.3-2.03.02.05.50.11.24.4-0.10.3-0.4-1.1-0.7 1.1
2014                
Q15.45.56.11.00.8-4.70.40.63.10.51.93.53.73.6 0.8
Q211.78.89.61.71.024.00.81.32.40.33.12.55.72.8 0.6
Q3-3.5-3.5-6.0-0.50.8-6.95.51.05.20.4-0.51.4-3.91.1 4.5
Q43.0-4.5-2.9-5.21.43.7-0.21.26.10.10.30.511.71.3 3.7
2015                
Q1-3.991.3102.811.52.97.94.0-1.36.02.20.224.2-3.721.4 5.8
Q2-0.0-9.9-10.9-3.1-0.1-2.00.3-1.15.20.70.1-2.63.2-1.9 5.1
Q310.412.314.1-0.22.56.2-0.30.96.41.13.55.61.85.3 1.0
Q43.63.22.74.61.0-8.14.20.1-1.90.94.5-0.10.90.2 0.6
2016                
Q12.8-7.5-7.42.32.02.01.3-0.38.5-0.71.7-0.55.5-0.5 1.8
Q24.6-2.7-3.77.80.43.11.21.60.70.70.80.5-1.50.5 1.9
Q3-0.25.66.75.71.515.4-3.5-0.13.60.22.43.00.43.0 1.7
Q4-3.913.012.71.80.14.60.10.00.60.44.45.90.45.8 12.0
2017                
Q1-0.5-8.8-8.74.1-0.52.9-6.41.93.3-0.2-6.6-2.20.4-2.6 -7.1
1See Background Notes for detailed Nace A10 sector descriptions
2Chain linked series not additive
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 Rest of WorldGNP at Current Market Prices
2011         
Q121,0846,5736,81834044,211-36,41342,799-8,08334,779
Q221,0926,6147,9665843,912-35,81743,205-8,36834,535
Q320,7366,6156,88272944,423-36,24143,269-8,22035,068
Q421,2216,5887,068-28444,680-36,76642,596-9,11433,830
2012         
Q120,7756,5798,23838746,242-38,77343,484-8,63334,778
Q221,0766,41410,857-2446,674-39,69544,527-7,97536,171
Q321,4406,4237,77639146,657-38,93343,902-8,34235,559
Q421,4396,3547,46333847,906-40,28243,493-8,54435,522
2013         
Q121,1526,2458,11316746,456-38,68543,794-6,93136,363
Q221,3236,3617,66545548,456-38,80844,880-7,85436,871
Q321,5886,4298,8539848,103-39,28846,500-6,94039,518
Q421,6846,4758,952-49447,902-40,71044,832-6,49639,157
2014         
Q121,7666,5119,59499550,420-42,62646,804-7,16339,622
Q222,1206,6329,28118654,648-44,03548,243-7,82539,517
Q322,1336,58110,30624656,728-47,57949,313-7,36341,909
Q422,4986,56011,1041,72657,595-51,10149,825-7,27343,613
2015         
Q122,6266,76511,931-5178,299-54,92063,786-15,02148,289
Q222,9526,67113,53565079,293-58,97563,494-10,65851,767
Q323,4836,72014,53398282,903-62,09266,792-14,60852,355
Q423,6406,82812,95572985,680-63,98867,495-15,67553,316
2016         
Q124,0977,03712,5721,01783,076-59,94166,592-12,23253,662
Q223,9917,02024,38045782,054-70,62466,835-10,87254,962
Q324,1657,09623,47438883,649-70,26468,748-12,92555,994
Q424,3697,21926,31949686,052-73,63672,927-12,73161,835
2017         
Q124,7007,27116,48520486,998-62,61071,505-12,23359,427
          
Percentage change on previous quarter
2011         
Q1-0.3-2.9-11.5 1.6-4.23.4 -1.7
Q20.00.616.8 -0.7-1.60.9 -0.7
Q3-1.70.0-13.6 1.21.20.1 1.5
Q42.3-0.42.7 0.61.4-1.6 -3.5
2012         
Q1-2.1-0.116.6 3.55.52.1 2.8
Q21.4-2.531.8 0.92.42.4 4.0
Q31.70.1-28.4 -0.0-1.9-1.4 -1.7
Q4-0.0-1.1-4.0 2.73.5-0.9 -0.1
2013         
Q1-1.3-1.78.7 -3.0-4.00.7 2.4
Q20.81.9-5.5 4.30.32.5 1.4
Q31.21.115.5 -0.71.23.6 7.2
Q40.40.71.1 -0.43.6-3.6 -0.9
2014         
Q10.40.67.2 5.34.74.4 1.2
Q21.61.9-3.3 8.43.33.1 -0.3
Q30.1-0.811.1 3.88.02.2 6.1
Q41.6-0.37.7 1.57.41.0 4.1
2015         
Q10.63.17.4 35.97.528.0 10.7
Q21.4-1.413.4 1.37.4-0.5 7.2
Q32.30.77.4 4.65.35.2 1.1
Q40.71.6-10.9 3.33.11.1 1.8
2016         
Q11.93.1-3.0 -3.0-6.3-1.3 0.6
Q2-0.4-0.293.9 -1.217.80.4 2.4
Q30.71.1-3.7 1.9-0.52.9 1.9
Q40.81.712.1 2.94.86.1 10.4
2017         
Q11.40.7-37.4 1.1-15.0-1.9 -3.9
Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2015)1 - 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 PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
2011         
Q122,4436,6677,39821949,892-39,91347,299-9,14838,289
Q222,2606,5978,731-749,076-40,08047,470-9,29838,081
Q321,8376,5027,42057749,024-40,20247,289-9,01738,355
Q422,1126,4127,751-13448,968-40,07147,253-9,61537,566
2012         
Q121,4016,3648,87625449,202-40,87647,206-9,29837,976
Q221,8526,24711,444-4849,981-41,47747,612-8,55938,859
Q322,1766,3678,16230449,158-40,73047,010-8,78838,365
Q422,2286,2177,93434951,565-41,20047,564-8,75338,797
2013         
Q121,4366,1218,58415649,565-40,89646,805-7,58939,337
Q221,8316,0488,07640951,950-41,24747,671-8,55838,798
Q321,9686,4819,2095752,073-41,46549,166-7,46841,920
Q422,0066,6469,275-39352,341-42,05748,842-6,50742,394
2014         
Q122,0466,4849,94795155,068-44,57150,589-8,07242,737
Q222,1876,7269,58722958,621-46,44652,028-8,65842,978
Q322,2546,68210,58328261,091-48,77152,581-7,76444,911
Q422,5286,60611,3151,73460,805-50,48453,272-7,00046,554
2015         
Q122,7316,70311,992-11978,904-55,79564,654-15,42549,268
Q223,0096,70813,58665878,381-58,88763,404-11,03651,795
Q323,4446,74514,5561,03383,171-61,79166,734-14,39152,313
Q423,5776,81412,83474385,752-63,30566,851-15,05052,637
2016         
Q123,7727,01012,3201,04584,825-63,02366,531-12,80653,572
Q223,7557,04923,94560484,086-72,62966,864-11,76054,594
Q323,9007,12322,94144785,057-70,94168,839-12,81255,506
Q424,1927,19825,64056387,489-72,47472,826-12,24562,178
2017         
Q124,4767,22015,87717887,551-63,25270,912-12,65657,775
          
Percentage change on previous quarter
2011         
Q10.30.8-9.6 3.6-2.12.3 -2.7
Q2-0.8-1.018.0 -1.60.40.4 -0.5
Q3-1.9-1.4-15.0 -0.10.3-0.4 0.7
Q41.3-1.44.5 -0.1-0.3-0.1 -2.1
2012         
Q1-3.2-0.714.5 0.52.0-0.1 1.1
Q22.1-1.828.9 1.61.50.9 2.3
Q31.51.9-28.7 -1.6-1.8-1.3 -1.3
Q40.2-2.3-2.8 4.91.21.2 1.1
2013         
Q1-3.6-1.58.2 -3.9-0.7-1.6 1.4
Q21.8-1.2-5.9 4.80.91.8 -1.4
Q30.67.214.0 0.20.53.1 8.0
Q40.22.60.7 0.51.4-0.7 1.1
2014         
Q10.2-2.47.2 5.26.03.6 0.8
Q20.63.7-3.6 6.54.22.8 0.6
Q30.3-0.710.4 4.25.01.1 4.5
Q41.2-1.16.9 -0.53.51.3 3.7
2015         
Q10.91.56.0 29.810.521.4 5.8
Q21.20.113.3 -0.75.5-1.9 5.1
Q31.90.67.1 6.14.95.3 1.0
Q40.61.0-11.8 3.12.50.2 0.6
2016         
Q10.82.9-4.0 -1.1-0.4-0.5 1.8
Q2-0.10.694.4 -0.915.20.5 1.9
Q30.61.1-4.2 1.2-2.33.0 1.7
Q41.21.111.8 2.92.25.8 12.0
2017
Q11.20.3-38.1 0.1-12.7-2.6 -7.1
1Chain linked series not additive
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
 TotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2011             
Q143,40025,42317,97735,70214,79920,902 48,67128,29920,09739,37215,58323,827
Q244,75125,11419,63736,75415,53821,217 50,44828,24121,96540,89016,76124,080
Q344,31325,44318,87034,62813,89620,732 48,75327,83720,66038,26715,06223,256
Q444,83924,59820,24138,05815,08822,970 49,15926,64522,31241,76516,13225,735
 177,303100,57876,725145,14359,32185,822 197,031111,02285,034160,29463,53796,897
2012             
Q145,26025,40419,85538,08216,43621,647 47,85627,06920,54940,21617,41122,761
Q247,50225,60521,89740,79816,33024,468 51,30927,64123,41942,39316,59525,845
Q346,66425,26221,40237,35115,19022,161 48,99626,28022,47938,83315,82823,015
Q448,23225,59822,63441,28017,01824,262 51,98427,59324,14042,86717,40225,481
 187,658101,86985,789157,51264,97392,538 200,145108,58390,588164,30967,23697,102
2013             
Q145,30624,13721,16938,11316,41121,702 47,99425,83221,92740,14417,60222,533
Q249,16525,81123,35340,07116,17323,898 53,16428,40024,50142,20917,27024,947
Q348,17925,11623,06337,71815,30122,417 52,00927,66924,08339,61416,34223,277
Q448,53523,66824,86741,41316,34225,072 53,07526,30226,49243,75717,58026,190
 191,18598,73392,452157,31564,22693,089 206,242108,20397,002165,72568,79496,947
2014             
Q148,98026,18722,79342,17017,24824,922 53,15429,59523,36543,72617,79925,921
Q255,21228,90226,31145,48817,61627,872 59,66831,99027,40747,37518,47628,870
Q356,89329,27227,62145,97218,28727,685 61,12732,06428,75447,01118,41128,574
Q458,70130,10028,60251,55420,57930,974 62,05532,19629,53152,24320,39831,814
 219,786114,460105,326185,18473,730111,453 236,004125,846109,057190,35575,085115,180
2015             
Q175,87147,46528,40654,57120,67533,897 75,97548,01128,04654,85220,84833,990
Q279,76348,15031,61360,58921,25639,333 79,34247,27731,98459,74820,47839,288
Q383,20650,89032,31760,43221,13439,298 83,36551,26432,10960,11020,80339,321
Q487,76953,82233,94764,28723,86840,419 87,92853,77534,14465,17024,80440,349
 326,610200,327126,283239,88086,933152,947 326,610200,327126,283239,88086,933152,947
2016             
Q180,40048,14432,25759,63521,48038,155 81,62850,79130,83661,96823,86238,105
Q282,21148,26533,94772,37623,28849,088 84,69450,62334,07173,42224,44248,980
Q384,00246,87137,13168,56121,09447,467 85,34748,65736,69069,33722,28447,053
Q488,42750,79137,63673,82622,35751,469 90,00752,06837,93974,42123,44250,979
 335,041194,070140,971274,39888,219186,179 341,676202,140139,536279,14894,031185,117
2017             
Q184,18847,30236,88662,34421,50240,842 84,23648,76435,47262,10421,89940,205
              
Percentage change on corresponding period of previous year
2011             
Q17.02.913.37.72.311.8 8.26.311.17.93.910.8
Q21.9-5.613.40.1-3.22.7 2.9-2.310.94.17.51.5
Q3-0.7-6.17.5-2.7-8.01.1 0.1-4.36.91.02.9-0.2
Q42.7-1.17.7-3.5-7.7-0.5 1.8-1.76.5-1.6-0.2-2.4
2012             
Q14.3-0.110.46.711.13.6 -1.7-4.32.22.111.7-4.5
Q26.12.011.511.05.115.3 1.7-2.16.63.7-1.07.3
Q35.3-0.713.47.99.36.9 0.5-5.68.81.55.1-1.0
Q47.64.111.88.512.85.6 5.73.68.22.67.9-1.0
2013             
Q10.1-5.06.60.1-0.10.3 0.3-4.66.7-0.21.1-1.0
Q23.50.86.7-1.8-1.0-2.3 3.62.74.6-0.44.1-3.5
Q33.2-0.67.81.00.71.2 6.15.37.12.03.21.1
Q40.6-7.59.90.3-4.03.3 2.1-4.79.72.11.02.8
2014             
Q18.18.57.710.65.114.8 10.814.66.68.91.115.0
Q212.312.012.713.58.916.6 12.212.611.912.27.015.7
Q318.116.519.821.919.523.5 17.515.919.418.712.722.8
Q420.927.215.024.525.923.5 16.922.411.519.416.021.5
2015             
Q154.981.324.629.419.936.0 42.962.220.025.417.131.1
Q244.566.620.233.220.741.1 33.047.816.726.110.836.1
Q346.373.917.031.515.641.9 36.459.911.727.913.037.6
Q449.578.818.724.716.030.5 41.767.015.624.721.626.8
2016             
Q16.01.413.69.33.912.6 7.45.89.913.014.512.1
Q23.10.27.419.59.624.8 6.77.16.522.919.424.7
Q31.0-7.914.913.5-0.220.8 2.4-5.114.315.47.119.7
Q40.7-5.610.914.8-6.327.3 2.4-3.211.114.2-5.526.3
2017             
Q14.7-1.714.44.50.17.0 3.2-4.015.00.2-8.25.5
Annex 1B Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices1
 TRADE AT CURRENT PRICES TRADE AT CONSTANT PRICES
 Exports  Imports   Exports  Imports €million
 TotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2011             
Q144,21125,50818,78136,41314,57821,817 49,89228,47221,07139,91315,30925,020
Q243,91224,74419,11935,81715,26420,734 49,07627,49321,28540,08016,49623,505
Q344,42325,44518,98236,24114,63121,494 49,02427,83721,03240,20215,98724,185
Q444,68024,83619,75936,76615,10621,854 48,96827,26821,44440,07115,74424,308
 177,225100,53376,640145,23759,57985,898 196,960111,07184,832160,26663,53597,019
2012             
Q146,24225,54020,83038,77315,89922,611 49,20227,15221,86140,87617,10323,925
Q246,67425,30221,32039,69516,13823,765 49,98126,99222,66441,47716,40625,072
Q346,65725,21321,45338,93316,33422,905 49,15826,24122,79140,73016,72523,838
Q447,90625,70722,09140,28216,57223,273 51,56528,18523,06941,20016,99924,293
 187,481101,76385,694157,68364,94492,554 199,906108,57090,384164,28367,23397,128
2013             
Q146,45624,35922,33238,68516,17022,731 49,56525,90723,55440,89617,24823,746
Q248,45625,58122,74638,80816,08723,041 51,95027,82623,75141,24717,15124,023
Q348,10325,12522,98239,28816,02323,092 52,07327,67724,25241,46517,26123,993
Q447,90223,50424,30240,71015,82024,162 52,34126,66825,24442,05717,11725,141
 190,91698,57092,362157,49164,10093,025 205,929108,07896,800165,66568,77796,902
2014             
Q150,42026,56824,13742,62617,05326,296 55,06829,70725,28044,57117,41627,493
Q254,64828,75025,68544,03517,60426,716 58,62131,51826,72546,44618,41527,618
Q356,72829,36427,39147,57919,09528,335 61,09132,12928,70348,77119,36829,272
Q457,59529,57328,03151,10119,82529,934 60,80532,34528,23250,48419,85630,653
 219,391114,255105,245185,34173,577111,281 235,585125,699108,939190,27275,056115,036
2015             
Q178,29948,35929,90854,92020,52536,140 78,90448,29530,09655,79520,47436,417
Q279,29348,04530,98758,97521,29237,504 78,38146,80931,41958,88720,43537,352
Q382,90351,22531,92962,09222,03739,993 83,17151,46731,90861,79121,81040,078
Q485,68052,39533,41663,98822,87239,056 85,75253,56532,74763,30524,18238,891
 326,176200,024126,241239,97586,727152,693 326,208200,136126,170239,77986,901152,737
2016             
Q183,07649,16133,84959,94121,05941,085 84,82551,15832,99563,02323,51341,232
Q282,05448,36133,31870,62423,33046,722 84,08650,40733,62472,62924,40346,428
Q383,64947,23336,65570,26421,98847,984 85,05748,85636,35370,94123,32147,709
Q486,05249,17537,11973,63621,86549,696 87,48951,55136,51172,47422,77949,057
 334,830193,930140,941274,46588,242185,487 341,458201,971139,483279,06894,016184,426
2017             
Q186,99848,34138,53562,61021,02644,373 87,55149,18237,66863,25221,55743,932
              
Percentage change on previous quarter
2011             
Q11.61.62.1-4.2-9.1-0.3 3.63.13.6-2.1-3.01.0
Q2-0.7-3.01.8-1.64.7-5.0 -1.6-3.41.00.47.8-6.1
Q31.22.8-0.71.2-4.13.7 -0.11.3-1.20.3-3.12.9
Q40.6-2.44.11.43.21.7 -0.1-2.02.0-0.3-1.50.5
2012             
Q13.52.85.45.55.33.5 0.5-0.41.92.08.6-1.6
Q20.9-0.92.32.41.55.1 1.6-0.63.71.5-4.14.8
Q3-0.0-0.40.6-1.91.2-3.6 -1.6-2.80.6-1.81.9-4.9
Q42.72.03.03.51.51.6 4.97.41.21.21.61.9
2013             
Q1-3.0-5.21.1-4.0-2.4-2.3 -3.9-8.12.1-0.71.5-2.3
Q24.35.01.90.3-0.51.4 4.87.40.80.9-0.61.2
Q3-0.7-1.81.01.2-0.40.2 0.2-0.52.10.50.6-0.1
Q4-0.4-6.55.73.6-1.34.6 0.5-3.64.11.4-0.84.8
2014             
Q15.313.0-0.74.77.88.8 5.211.40.16.01.79.4
Q28.48.26.43.33.21.6 6.56.15.74.25.70.5
Q33.82.16.68.08.56.1 4.21.97.45.05.26.0
Q41.50.72.37.43.85.6 -0.50.7-1.63.52.54.7
2015             
Q135.963.56.77.53.520.7 29.849.36.610.53.118.8
Q21.3-0.63.67.43.73.8 -0.7-3.14.45.5-0.22.6
Q34.66.63.05.33.56.6 6.19.91.64.96.77.3
Q43.32.34.73.13.8-2.3 3.14.12.62.510.9-3.0
2016             
Q1-3.0-6.21.3-6.3-7.95.2 -1.1-4.50.8-0.4-2.86.0
Q2-1.2-1.6-1.617.810.813.7 -0.9-1.51.915.23.812.6
Q31.9-2.310.0-0.5-5.82.7 1.2-3.18.1-2.3-4.42.8
Q42.94.11.34.8-0.63.6 2.95.50.42.2-2.32.8
2017             
Q11.1-1.73.8-15.0-3.8-10.7 0.1-4.63.2-12.7-5.4-10.4
1Chain linked series not additive
Annex 2A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2015)1 - 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
201184,20926,37028,813139,393803140,196 88,62026,14431,385146,600617147,262
201284,79725,74534,452144,9941,045146,038 87,83725,16036,530149,741810150,663
201385,78425,47133,627144,881216145,097 87,24025,26235,190147,949214148,080
201488,53526,24440,420155,1993,160158,359 88,98926,46541,560157,1603,198160,359
201592,72126,95353,160172,8342,353175,186 92,72126,95353,160172,8342,353175,186
201696,61328,35487,662212,6302,383215,013 95,74328,37885,674209,7952,682212,478
              
2011             
Q120,6626,5616,92134,14434634,490 21,9626,6747,54036,12325636,428
Q220,5706,5538,32035,4446935,512 21,7546,5939,06037,4121837,392
Q320,4686,6416,28933,3971,06934,467 21,5246,4266,81535,05482436,128
Q422,5106,6157,28436,408-68135,727 23,3796,4517,96938,010-48137,313
 84,20926,37028,813139,393803140,196 88,62026,14431,385146,599617147,262
2012             
Q120,2866,5658,33335,18545735,642 21,1736,4089,02036,67436037,121
Q220,5216,38911,20138,112-5938,054 21,2246,24111,73539,165-7439,016
Q321,2036,4677,28334,95378235,735 21,8146,3197,67035,90959836,683
Q422,7866,3247,63436,744-13636,608 23,6266,1938,10437,992-7537,843
 84,79725,74534,452144,9941,045146,038 87,83725,16036,530149,741810150,663
2013             
Q120,6226,2358,18735,04432335,367 21,0256,1998,69635,90735136,337
Q220,7156,3897,78534,89038035,270 21,0816,0548,16935,42733635,838
Q321,3886,4628,53036,38047936,859 21,6646,4418,88837,16135737,597
Q423,0596,3859,12538,568-96737,601 23,4706,5679,43839,454-83038,308
 85,78425,47133,627144,881216145,097 87,24025,26235,190147,949214148,080
2014             
Q121,2336,5379,56437,3341,17038,504 21,4876,5929,94838,1501,17639,337
Q221,4396,6989,35237,48912937,618 21,5256,7559,63838,02815238,161
Q321,9536,58510,14638,68456539,249 21,9526,64110,44038,99355339,539
Q423,9106,42411,35741,6911,29642,988 24,0256,47811,53441,9901,31843,321
 88,53526,24440,420155,1993,160158,359 88,98926,46541,560157,1603,198160,359
2015             
Q122,1206,84611,63440,60012940,730 22,2876,84611,72540,83811740,954
Q222,2026,75113,69042,64360543,248 22,2096,75113,73242,68157543,256
Q323,2966,69114,42544,4131,21545,629 23,1396,69114,49444,2921,25445,546
Q425,1026,66413,41045,17740345,580 25,0866,66413,20845,02240745,429
 92,72126,95353,160172,8342,353175,186 92,72126,95353,160172,8332,353175,186
2016             
Q123,6187,17111,92242,7111,15243,863 23,6127,17111,71842,5011,24243,743
Q223,1737,09824,93555,20542755,632 22,8957,09724,48754,47951954,998
Q323,9717,04123,35254,36456754,932 23,5877,06222,93153,58164554,226
Q425,8517,04527,45260,34823760,585 25,6497,04726,53859,23427659,511
 96,61328,35487,662212,6302,383215,013 95,74328,37885,674209,7952,682212,477
2017             
Q124,2627,43415,34947,04632147,367 24,0297,38414,83246,24435746,601
              
Percentage change on corresponding period of previous year
2011             
Q1-0.6-2.5-5.8-2.0 1.2 -0.7-0.0-2.7-1.7 1.6
Q2-0.80.63.10.4 1.1 -1.4-1.95.30.3 0.8
Q3-2.02.82.7-0.2 2.0 -3.5-0.51.9-1.5 0.7
Q40.7-3.5-8.2-2.0 -4.0 -1.0-3.9-5.2-2.5 -4.3
2012             
Q1-1.80.120.43.0 3.3 -3.6-4.019.61.5 1.9
Q2-0.2-2.534.67.5 7.2 -2.4-5.329.54.7 4.3
Q33.6-2.615.84.7 3.7 1.3-1.712.52.4 1.5
Q41.2-4.44.80.9 2.5 1.1-4.01.7-0.0 1.4
2013             
Q11.7-5.0-1.8-0.4 -0.8 -0.7-3.3-3.6-2.1 -2.1
Q20.9-0.0-30.5-8.5 -7.3 -0.7-3.0-30.4-9.5 -8.1
Q30.9-0.117.14.1 3.1 -0.71.915.93.5 2.5
Q41.21.019.55.0 2.7 -0.76.016.53.8 1.2
2014             
Q13.04.816.86.5 8.9 2.26.314.46.2 8.3
Q23.54.820.17.5 6.7 2.111.618.07.3 6.5
Q32.61.918.96.3 6.5 1.33.117.54.9 5.2
Q43.70.624.58.1 14.3 2.4-1.422.26.4 13.1
2015             
Q14.24.721.68.7 5.8 3.73.917.97.0 4.1
Q23.60.846.413.7 15.0 3.2-0.142.512.2 13.4
Q36.11.642.214.8 16.3 5.40.838.813.6 15.2
Q45.03.718.18.4 6.0 4.42.914.57.2 4.9
2016             
Q16.84.72.55.2 7.7 5.94.8-0.14.1 6.8
Q24.45.182.129.5 28.6 3.15.178.327.6 27.1
Q32.95.261.922.4 20.4 1.95.558.221.0 19.1
Q43.05.7104.733.6 32.9 2.25.7100.931.6 31.0
2017             
Q12.73.728.710.1 8.0 1.83.026.68.8 6.5
1Chain linked series not additive
Annex 2B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2015)1 - 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
2011             
Q121,0846,5736,81834,59734035,033 22,4436,6677,39836,42421936,846
Q221,0926,6147,96635,6985835,327 22,2606,5978,73137,760-737,257
Q320,7366,6156,88234,31172935,195 21,8376,5027,42035,98757736,907
Q421,2216,5887,06834,751-28434,638 22,1126,4127,75136,357-13436,222
2012             
Q120,7756,5798,23835,69638736,233 21,4016,3648,87637,06925437,589
Q221,0766,41410,85738,492-2437,991 21,8526,24711,44439,645-4839,039
Q321,4406,4237,77635,65339136,200 22,1766,3678,16236,64030437,210
Q421,4396,3547,46335,20433835,636 22,2286,2177,93436,40334936,827
2013             
Q121,1526,2458,11335,58916735,934 21,4366,1218,58436,37315636,776
Q221,3236,3617,66535,29045535,330 21,8316,0488,07635,90840936,011
Q321,5886,4298,85336,8729837,163 21,9686,4819,20937,7025737,970
Q421,6846,4758,95237,060-49436,616 22,0066,6469,27537,869-39337,263
2014             
Q121,7666,5119,59438,04299539,150 22,0466,4849,94738,80595139,835
Q222,1206,6329,28137,86118637,815 22,1876,7269,58738,47322938,506
Q322,1336,58110,30639,06324639,422 22,2546,68210,58339,42028239,772
Q422,4986,56011,10440,0951,72641,833 22,5286,60611,31540,3311,73442,106
2015             
Q122,6266,76511,93141,598-5141,473 22,7316,70311,99241,791-11941,526
Q222,9526,67113,53542,87365043,519 23,0096,70813,58642,96365843,710
Q323,4836,72014,53344,85998245,869 23,4446,74514,55644,7801,03345,832
Q423,6406,82812,95543,36172944,150 23,5776,81412,83443,17974343,962
2016             
Q124,0977,03712,57244,0521,01744,830 23,7727,01012,32043,7901,04544,526
Q223,9917,02024,38055,21045755,982 23,7557,04923,94554,52560455,572
Q324,1657,09623,47454,98638855,218 23,9007,12322,94154,23044754,536
Q424,3697,21926,31957,82349658,563 24,1927,19825,64056,74256357,498
2017             
Q124,7007,27116,48548,73920448,544 24,4767,22015,87747,86117847,560
              
Percentage change on previous quarter
2011             
Q1-0.3-2.9-11.5-2.3 -2.7 0.30.8-9.6-2.4 -2.6
Q20.00.616.83.2 0.8 -0.8-1.018.03.7 1.1
Q3-1.70.0-13.6-3.9 -0.4 -1.9-1.4-15.0-4.7 -0.9
Q42.3-0.42.71.3 -1.6 1.3-1.44.51.0 -1.9
2012             
Q1-2.1-0.116.62.7 4.6 -3.2-0.714.52.0 3.8
Q21.4-2.531.87.8 4.9 2.1-1.828.96.9 3.9
Q31.70.1-28.4-7.4 -4.7 1.51.9-28.7-7.6 -4.7
Q4-0.0-1.1-4.0-1.3 -1.6 0.2-2.3-2.8-0.6 -1.0
2013             
Q1-1.3-1.78.71.1 0.8 -3.6-1.58.2-0.1 -0.1
Q20.81.9-5.5-0.8 -1.7 1.8-1.2-5.9-1.3 -2.1
Q31.21.115.54.5 5.2 0.67.214.05.0 5.4
Q40.40.71.10.5 -1.5 0.22.60.70.4 -1.9
2014             
Q10.40.67.22.6 6.9 0.2-2.47.22.5 6.9
Q21.61.9-3.3-0.5 -3.4 0.63.7-3.6-0.9 -3.3
Q30.1-0.811.13.2 4.2 0.3-0.710.42.5 3.3
Q41.6-0.37.72.6 6.1 1.2-1.16.92.3 5.9
2015             
Q10.63.17.43.8 -0.9 0.91.56.03.6 -1.4
Q21.4-1.413.43.1 4.9 1.20.113.32.8 5.3
Q32.30.77.44.6 5.4 1.90.67.14.2 4.9
Q40.71.6-10.9-3.3 -3.7 0.61.0-11.8-3.6 -4.1
2016             
Q11.93.1-3.01.6 1.5 0.82.9-4.01.4 1.3
Q2-0.4-0.293.925.3 24.9 -0.10.694.424.5 24.8
Q30.71.1-3.7-0.4 -1.4 0.61.1-4.2-0.5 -1.9
Q40.81.712.15.2 6.1 1.21.111.84.6 5.4
2017             
Q11.40.7-37.4-15.7 -17.1 1.20.3-38.1-15.7 -17.3
1Chain linked series not additive
Annex 3A Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipmentof which Other Transport EquipmentIntangible AssetsGross Domestic Fixed Capital Formation
20111,9201,9305,14434711,2766,1108,19628,813
20121,5701,4745,97134713,6558,86111,43534,452
20131,6061,6657,05550612,9146,1069,88033,627
20142,1721,9087,65983615,9887,67011,85640,420
20152,5821,8418,82691516,1586,37722,83753,160
20163,0582,13711,3651,13420,53310,35049,43587,662
         
2011        
Q15985761,009702,6461,0842,0236,921
Q24885121,1651103,9902,7452,0558,320
Q34924361,459701,8597911,9746,289
Q43434071,512972,7811,4902,1457,284
 1,9201,9305,14434711,2766,1108,19628,813
2012        
Q13883531,169784,2002,7902,1448,333
Q24043631,226764,1843,0204,94811,201
Q34263881,661812,7531,6031,9747,283
Q43513701,9151132,5171,4472,3697,634
 1,5701,4745,97134713,6558,86111,43534,452
2013        
Q13663701,2701044,0012,4182,0768,187
Q24003961,5061113,1611,6482,2107,785
Q34214142,0401302,8361,1142,6898,530
Q44184862,2391622,9159262,9059,125
 1,6061,6657,05550612,9146,1069,88033,627
2014        
Q14454801,5041644,1251,8402,8479,564
Q25584961,7711703,4051,7662,9529,352
Q36394892,0852254,1511,9082,55710,146
Q45314432,2992784,3072,1563,49911,357
 2,1721,9087,65983615,9887,67011,85640,420
2015        
Q15774571,6962444,2841,4274,37711,634
Q26274441,9322054,2291,9346,25413,690
Q37424412,3542213,4911,0027,17714,425
Q46374992,8452464,1542,0135,03013,410
 2,5821,8418,82691516,1586,37722,83753,160
2016        
Q16444741,9342625,0662,3293,54211,922
Q27935612,5262645,1162,81215,67524,935
Q38475723,2813154,8832,28613,45423,352
Q47745293,6242935,4682,92316,76427,452
 3,0582,13711,3651,13420,53310,35049,43587,662
2017        
Q19175432,5293064,5122,0786,54215,349
         
Percentage change on corresponding period of previous year
2011-25.6-13.3-13.8-21.917.310.6-5.2-2.3
2012-18.3-23.616.10.121.145.039.519.6
20132.313.018.245.8-5.4-31.1-13.6-2.4
201435.314.68.665.023.825.620.020.2
201518.9-3.515.29.51.1-16.992.631.5
201618.416.128.823.927.162.3116.564.9
         
2011        
Q1-20.10.4-25.9-30.63.4-15.91.1-5.8
Q2-20.9-6.6-21.13.511.314.017.93.1
Q3-29.3-23.00.4-39.434.351.03.42.7
Q4-34.0-24.4-10.0-20.333.414.2-28.4-8.2
2012        
Q1-35.0-38.615.911.158.7157.46.020.4
Q2-17.1-29.25.3-30.74.910.0140.834.6
Q3-13.4-10.913.915.348.1102.6-0.015.8
Q42.3-9.026.616.1-9.5-2.910.54.8
2013        
Q1-5.74.68.633.1-4.7-13.4-3.2-1.8
Q2-1.09.122.945.7-24.4-45.4-55.3-30.5
Q3-1.26.822.861.13.0-30.536.217.1
Q419.231.216.943.815.8-36.022.619.5
2014        
Q121.429.818.457.93.1-23.937.116.8
Q239.325.317.553.17.77.233.620.1
Q351.718.12.273.346.471.3-4.918.9
Q427.0-8.72.771.147.8132.820.524.5
2015        
Q129.8-4.712.749.03.9-22.453.721.6
Q212.3-10.59.120.924.29.5111.846.4
Q316.1-9.912.9-1.8-15.9-47.5180.742.2
Q420.012.623.7-11.4-3.6-6.643.718.1
2016        
Q111.63.814.07.618.263.3-19.12.5
Q226.526.430.728.821.045.4150.782.1
Q314.329.839.442.439.9128.187.461.9
Q421.56.027.419.331.645.2233.3104.7
2017        
Q142.414.430.816.9-10.9-10.884.728.7
Annex 3B Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2015)1 - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipmentof which Other Transport EquipmentIntangible AssetsGross Domestic Fixed Capital Formation
20112,1762,2576,01533511,9546,3998,69031,385
20121,7471,6756,78743214,2309,15511,54436,530
20131,7361,8397,79361513,3816,2269,91335,190
20142,1972,0138,08190216,2777,81412,13141,560
20152,5821,8418,82691516,1586,37722,83753,160
20163,0022,01110,6961,06920,66610,24048,23185,674
         
2011        
Q16506951,208632,8101,1372,1387,540
Q25535851,3481044,2362,8752,1939,060
Q35724971,682681,9678282,0876,815
Q44014811,7771002,9411,5582,2727,969
 2,1762,2576,01533511,9546,3998,69031,385
2012        
Q14424221,384954,4162,9062,2089,020
Q24364311,438954,3483,1174,86711,735
Q34734121,8141012,8581,6482,0377,670
Q43964112,1511402,6091,4842,4328,104
 1,7471,6756,78743214,2309,15511,54436,530
2013        
Q14014421,4881314,1432,4672,0818,696
Q24404371,6741403,2711,6792,2218,169
Q34484502,2371552,9381,1352,6988,888
Q44475112,3951893,0299452,9139,438
 1,7361,8397,79361513,3816,2269,91335,190
2014        
Q14725241,6371944,2081,8782,9019,948
Q25735161,8621913,4711,7993,0299,638
Q36425282,2342354,2211,9422,62310,440
Q45104452,3462824,3772,1953,57811,534
 2,1972,0138,08190216,2777,81412,13141,560
2015        
Q16084751,7612504,3091,4354,31711,725
Q26414501,9622094,2351,9376,22313,732
Q37334442,3702183,4839997,24614,494
Q46004712,7332394,1322,0065,05113,208
 2,5821,8418,82691516,1586,37722,83753,160
2016        
Q16314541,8582555,1062,3083,41311,718
Q27645262,3782565,1602,78415,40424,487
Q38455503,1262924,9162,26213,20222,931
Q47624813,3342665,4842,88516,21226,538
 3,0022,01110,6961,06920,66610,24048,23185,674
2017        
Q18955192,3642764,5212,0326,25614,832
         
Percentage change on corresponding period of previous year
2011-26.6-13.2-13.824.019.012.5-2.3-0.2
2012-19.7-25.812.828.919.043.132.816.4
2013-0.69.814.842.5-6.0-32.0-14.1-3.7
201426.69.53.746.621.625.522.418.1
201517.5-8.69.21.5-0.7-18.488.227.9
201616.39.221.216.727.960.6111.261.2
         
2011        
Q1-25.07.4-22.17.55.8-13.53.8-2.7
Q2-22.4-8.5-21.863.112.715.923.05.3
Q3-27.6-30.3-5.6-3.936.153.06.11.9
Q4-32.4-19.9-7.430.034.615.3-26.2-5.2
2012        
Q1-32.1-39.314.551.257.2155.43.319.6
Q2-21.1-26.36.7-7.92.78.4122.029.5
Q3-17.4-17.27.847.845.399.1-2.412.5
Q4-1.1-14.521.039.9-11.3-4.77.11.7
2013        
Q1-9.24.77.537.5-6.2-15.1-5.8-3.6
Q21.01.416.447.3-24.8-46.1-54.4-30.4
Q3-5.29.323.353.62.8-31.132.515.9
Q412.724.211.434.716.1-36.419.816.5
2014        
Q117.718.610.147.61.6-23.939.414.4
Q230.218.111.336.26.17.236.418.0
Q343.417.4-0.151.543.771.1-2.817.5
Q414.1-12.8-2.049.644.5132.422.822.2
2015        
Q128.7-9.47.628.82.4-23.648.817.9
Q211.8-12.85.49.022.07.6105.442.5
Q314.1-15.96.0-6.9-17.5-48.6176.338.8
Q417.75.916.5-15.4-5.6-8.641.214.5
2016        
Q13.8-4.45.52.318.560.9-20.9-0.1
Q219.116.921.222.621.843.7147.578.3
Q315.323.731.933.741.2126.582.258.2
Q427.02.122.011.232.743.8221.0100.9
2017        
Q141.914.427.37.9-11.5-12.083.326.6
1Chain linked series not additive
Annex 3C Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2015)1 - Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodAll Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and EquipmentIntangible AssetsGross Domestic Fixed Capital Formation All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and EquipmentIntangible AssetsGross Domestic Fixed Capital Formation
2011         
Q12,5202,1962,0786,818 2,8422,3262,1887,398
Q22,4053,3082,1657,966 2,7793,5262,3358,731
Q32,2972,4432,0886,882 2,6372,5822,2207,420
Q42,1783,2531,8827,068 2,5763,4331,9997,751
2012         
Q12,2283,5472,2738,238 2,5683,7252,2598,876
Q22,1963,5835,09110,857 2,5723,7335,10211,444
Q32,4273,4742,0427,776 2,6713,6042,1718,162
Q42,4562,8522,1107,463 2,7952,9502,1717,934
2013         
Q12,4523,4202,2838,113 2,7883,5402,1148,584
Q22,5582,8342,1997,665 2,8792,9382,2968,076
Q32,7673,4052,7438,853 3,0523,5272,9039,209
Q42,9363,1912,5928,952 3,1703,3102,6239,275
2014         
Q13,0653,5993,3179,594 3,2553,6732,9259,947
Q23,1523,1862,8369,281 3,3433,2483,1109,587
Q33,1614,7462,55310,306 3,3504,8272,84410,583
Q43,1464,5733,13311,104 3,2034,6433,23011,315
2015         
Q13,5613,8525,43111,931 3,6213,8754,33711,992
Q23,3504,0505,79713,535 3,4444,0566,33913,586
Q33,4483,8747,13414,533 3,4443,8667,98014,556
Q43,7494,2684,42812,955 3,6294,2474,52512,834
2016         
Q13,9244,7254,72812,572 3,7254,7613,42912,320
Q24,3114,91114,16124,380 4,1124,95015,67423,945
Q34,5895,36813,20623,474 4,3655,40614,65622,941
Q44,7635,49914,67726,319 4,4725,52314,41525,640
2017         
Q15,0614,3079,20116,485 4,7324,3116,31115,877
          
Percentage change on previous quarter
2011         
Q1-3.1-13.1-20.6-11.5 -3.2-12.1-18.3-9.6
Q2-4.550.64.216.8 -2.251.66.718.0
Q3-4.5-26.1-3.5-13.6 -5.1-26.8-4.9-15.0
Q4-5.233.1-9.92.7 -2.333.0-10.04.5
2012         
Q12.39.020.816.6 -0.38.513.014.5
Q2-1.41.0124.031.8 0.20.2125.928.9
Q310.5-3.0-59.9-28.4 3.8-3.5-57.4-28.7
Q41.2-17.93.3-4.0 4.6-18.10.0-2.8
2013         
Q1-0.119.98.28.7 -0.320.0-2.68.2
Q24.3-17.1-3.7-5.5 3.3-17.08.6-5.9
Q38.220.224.715.5 6.020.026.414.0
Q46.1-6.3-5.51.1 3.9-6.2-9.60.7
2014         
Q14.412.827.97.2 2.711.011.57.2
Q22.8-11.5-14.5-3.3 2.7-11.66.3-3.6
Q30.349.0-10.011.1 0.248.6-8.610.4
Q4-0.5-3.622.77.7 -4.4-3.813.66.9
2015         
Q113.2-15.873.37.4 13.1-16.534.36.0
Q2-5.95.16.713.4 -4.94.746.213.3
Q32.9-4.323.17.4 0.0-4.725.97.1
Q48.710.2-37.9-10.9 5.49.9-43.3-11.8
2016         
Q14.710.76.8-3.0 2.612.1-24.2-4.0
Q29.93.9199.593.9 10.44.0357.194.4
Q36.59.3-6.7-3.7 6.29.2-6.5-4.2
Q43.82.411.112.1 2.52.2-1.611.8
2017         
Q16.3-21.7-37.3-37.4 5.8-21.9-56.2-38.1
1Chain linked series not additive
2The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
Annex 4A Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2015)1 - 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 ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand Personal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand
201184,20926,37021,683132,263803133,066 88,62026,14423,865139,122617139,782
201284,79725,74525,101135,6431,045136,688 87,83725,16026,989140,281810141,204
201385,78425,47128,586139,840216140,056 87,24025,26230,336143,013214143,139
201488,53526,24431,731146,5103,160149,670 88,98926,46532,958148,5403,198151,740
201592,72126,95339,726159,4002,353161,752 92,72126,95339,726159,4002,353161,753
201696,61328,35444,894169,8612,383172,245 95,74328,37842,708166,8292,682169,511
              
2011             
Q120,6626,5616,00933,23234633,578 21,9626,6746,60635,18525635,489
Q220,5706,5535,70132,8256932,894 21,7546,5936,27134,6401834,621
Q320,4686,6415,04732,1551,06933,224 21,5246,4265,51633,76182434,836
Q422,5106,6154,92734,051-68133,370 23,3796,4515,47235,535-48134,837
 84,20926,37021,683132,263803133,066 88,62026,14423,865139,122617139,782
2012             
Q120,2866,5656,41733,26945733,726 21,1736,4087,01334,67236035,118
Q220,5216,3896,39033,301-5933,242 21,2246,2416,87334,407-7434,261
Q321,2036,4675,94733,61778234,399 21,8146,3196,30334,53259835,305
Q422,7866,3246,34735,457-13635,321 23,6266,1936,80036,670-7536,519
 84,79725,74525,101135,6431,045136,688 87,83725,16026,989140,281810141,204
2013             
Q120,6226,2356,29733,15332333,477 21,0256,1996,81034,02735134,457
Q220,7156,3896,26833,37238033,753 21,0816,0546,67533,93033634,340
Q321,3886,4627,67735,52747936,006 21,6646,4418,10936,34435736,779
Q423,0596,3858,34437,788-96736,820 23,4706,5678,74238,713-83037,563
 85,78425,47128,586139,840216140,056 87,24025,26230,336143,013214143,139
2014             
Q121,2336,5377,26535,0351,17036,205 21,4876,5927,65335,8601,17637,049
Q221,4396,6987,44535,58212935,711 21,5256,7557,75736,14115236,274
Q321,9536,5857,81336,35156536,916 21,9526,6418,12236,67555337,221
Q423,9106,4249,20839,5421,29640,839 24,0256,4789,42639,8641,31841,196
 88,53526,24431,731146,5103,160149,670 88,98926,46532,958148,5403,198151,740
2015             
Q122,1206,8469,04938,01512938,144 22,2876,8469,16438,27111738,387
Q222,2026,75110,46739,42060540,025 22,2096,75110,53839,47857540,053
Q323,2966,69110,36140,3491,21541,564 23,1396,69110,37040,1751,25441,430
Q425,1026,6649,84941,61640342,019 25,0866,6649,65441,47640741,883
 92,72126,95339,726159,4002,353161,752 92,72126,95339,726159,4002,353161,753
2016             
Q123,6187,1719,02539,8141,15240,966 23,6127,1718,82039,6041,24240,846
Q223,1737,09811,07241,34242741,769 22,8957,09710,47340,46551940,984
Q323,9717,04111,47042,48256743,050 23,5877,06210,94541,59564542,240
Q425,8517,04513,32646,22223746,460 25,6497,04712,46945,16527645,442
 96,61328,35444,894169,8612,383172,245 95,74328,37842,708166,8292,682169,511
2017             
Q124,2627,43410,94842,64532142,966 24,0297,38410,50741,92035742,277
              
Percentage change on corresponding period of previous year
2011             
Q1-0.6-2.5-8.9-2.5 0.7 -0.7-0.0-6.2-2.3 1.1
Q2-0.80.6-11.1-2.5 -1.7 -1.4-1.9-8.5-2.6 -2.0
Q3-2.02.8-13.2-3.0 -0.8 -3.5-0.5-14.6-4.5 -2.3
Q40.7-3.5-19.1-3.5 -5.6 -1.0-3.9-15.3-4.1 -6.0
2012             
Q1-1.80.16.80.1 0.4 -3.6-4.06.2-1.5 -1.0
Q2-0.2-2.512.11.4 1.1 -2.4-5.39.6-0.7 -1.0
Q33.6-2.617.84.5 3.5 1.3-1.714.32.3 1.3
Q41.2-4.428.84.1 5.8 1.1-4.024.33.2 4.8
2013             
Q11.7-5.0-1.9-0.3 -0.7 -0.7-3.3-2.9-1.9 -1.9
Q20.9-0.0-1.90.2 1.5 -0.7-3.0-2.9-1.4 0.2
Q30.9-0.129.15.7 4.7 -0.71.928.75.2 4.2
Q41.21.031.56.6 4.2 -0.76.028.65.6 2.9
2014             
Q13.04.815.45.7 8.1 2.26.312.45.4 7.5
Q23.54.818.86.6 5.8 2.111.616.26.5 5.6
Q32.61.91.82.3 2.5 1.33.10.20.9 1.2
Q43.70.610.44.6 10.9 2.4-1.47.83.0 9.7
2015             
Q14.24.724.68.5 5.4 3.73.919.76.7 3.6
Q23.60.840.610.8 12.1 3.2-0.135.89.2 10.4
Q36.11.632.611.0 12.6 5.40.827.79.5 11.3
Q45.03.77.05.2 2.9 4.42.92.44.0 1.7
2016             
Q16.84.7-0.34.7 7.4 5.94.8-3.83.5 6.4
Q24.45.15.84.9 4.4 3.15.1-0.62.5 2.3
Q32.95.210.75.3 3.6 1.95.55.53.5 2.0
Q43.05.735.311.1 10.6 2.25.729.28.9 8.5
2017             
Q12.73.721.37.1 4.9 1.83.019.15.8 3.5
1Chain linked series not additive
Annex 4B Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2015)1 - 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 ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand Personal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand
2011             
Q121,0846,5735,91133,61434034,023 22,4436,6676,45235,42821935,786
Q221,0926,6145,63133,3635833,534 22,2606,5976,23235,201-735,318
Q320,7366,6155,26632,64672933,229 21,8376,5025,73234,29957734,890
Q421,2216,5884,81332,583-28432,721 22,1126,4125,37334,103-13434,121
2012             
Q120,7756,5796,41233,78038733,706 21,4016,3646,95035,08325434,993
Q221,0766,4146,33733,877-2433,940 21,8526,2476,86134,990-4835,018
Q321,4406,4236,13034,01239134,709 22,1766,3676,48535,00130435,539
Q421,4396,3546,15533,90133834,237 22,2286,2176,61035,10034935,462
2013             
Q121,1526,2456,39033,78516734,002 21,4366,1216,85334,57515634,867
Q221,3236,3616,23733,96545534,482 21,8316,0486,69034,53140935,134
Q321,5886,4297,82935,8379835,749 21,9686,4818,26936,7525736,590
Q421,6846,4758,02536,088-49435,642 22,0066,6468,41036,972-39336,408
2014             
Q121,7666,5117,49235,84699536,940 22,0466,4847,82436,58795137,647
Q222,1206,6327,42836,20918636,398 22,1876,7267,80536,79022937,074
Q322,1336,5817,88236,57724636,665 22,2546,6828,20337,00728236,986
Q422,4986,5608,80837,7261,72639,422 22,5286,6068,99738,0231,73439,867
2015             
Q122,6266,7659,46639,042-5139,114 22,7316,7039,50939,173-11939,163
Q222,9526,67110,43340,06665040,648 23,0096,70810,60340,16665840,848
Q323,4836,72010,39940,56998241,415 23,4446,74510,41440,4951,03341,209
Q423,6406,8289,37339,65972940,345 23,5776,8149,16639,52874340,399
2016             
Q124,0977,0379,54641,0081,01741,639 23,7727,0109,25640,6321,04541,300
Q223,9917,02011,00941,96645742,263 23,7557,04910,51241,13360441,700
Q324,1657,09611,46742,69538842,988 23,9007,12310,95241,89544742,009
Q424,3697,21912,68944,04549645,099 24,1927,19811,84143,06356344,225
2017             
Q124,7007,27111,63343,97720443,873 24,4767,22011,07743,03117843,022
              
Percentage change on previous quarter
2011             
Q1-0.3-2.9-1.6-0.7 -0.2 0.30.80.6-0.7 -0.3
Q20.00.6-4.7-0.7 -1.4 -0.8-1.0-3.4-0.6 -1.3
Q3-1.70.0-6.5-2.1 -0.9 -1.9-1.4-8.0-2.6 -1.2
Q42.3-0.4-8.6-0.2 -1.5 1.3-1.4-6.3-0.6 -2.2
2012             
Q1-2.1-0.133.23.7 3.0 -3.2-0.729.42.9 2.6
Q21.4-2.5-1.20.3 0.7 2.1-1.8-1.3-0.3 0.1
Q31.70.1-3.30.4 2.3 1.51.9-5.50.0 1.5
Q4-0.0-1.10.4-0.3 -1.4 0.2-2.31.90.3 -0.2
2013             
Q1-1.3-1.73.8-0.3 -0.7 -3.6-1.53.7-1.5 -1.7
Q20.81.9-2.40.5 1.4 1.8-1.2-2.4-0.1 0.8
Q31.21.125.55.5 3.7 0.67.223.66.4 4.1
Q40.40.72.50.7 -0.3 0.22.61.70.6 -0.5
2014             
Q10.40.6-6.6-0.7 3.6 0.2-2.4-7.0-1.0 3.4
Q21.61.9-0.91.0 -1.5 0.63.7-0.20.6 -1.5
Q30.1-0.86.11.0 0.7 0.3-0.75.10.6 -0.2
Q41.6-0.311.73.1 7.5 1.2-1.19.72.7 7.8
2015             
Q10.63.17.53.5 -0.8 0.91.55.73.0 -1.8
Q21.4-1.410.22.6 3.9 1.20.111.52.5 4.3
Q32.30.7-0.31.3 1.9 1.90.6-1.80.8 0.9
Q40.71.6-9.9-2.2 -2.6 0.61.0-12.0-2.4 -2.0
2016             
Q11.93.11.83.4 3.2 0.82.91.02.8 2.2
Q2-0.4-0.215.32.3 1.5 -0.10.613.61.2 1.0
Q30.71.14.21.7 1.7 0.61.14.21.9 0.7
Q40.81.710.73.2 4.9 1.21.18.12.8 5.3
2017             
Q11.40.7-8.3-0.2 -2.7 1.20.3-6.4-0.1 -2.7
1Chain linked series not additive
Annex 4C Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D related IP importsModified Gross Domestic Fixed Capital FormationAircraft related to LeasingR&D related IP imports
20111,9201,9305,1443474,7097,63321,6836,567563
20121,5701,4745,9713476,3859,35425,1017,2702,081
20131,6061,6657,0555068,1079,64628,5864,807234
20142,1721,9087,6598369,2929,86331,7316,6961,992
20152,5821,8418,82691510,99014,57139,7265,1688,266
20163,0582,13711,3651,13413,39613,80444,8947,13735,631
          
2011         
Q15985761,009701,7342,0236,0099120
Q24885121,1651101,3712,0555,7012,6190
Q34924361,45970n/a1n/a15,047n/a1n/a1
Q43434071,51297n/a1n/a14,927n/a1n/a1
 1,9201,9305,1443474,7097,63321,6836,567563
2012         
Q13883531,169782,2852,1436,4171,9151
Q24043631,22676n/a1n/a16,390n/a1n/a1
Q34263881,66181n/a1n/a15,947n/a1n/a1
Q43513701,9151131,2302,3686,3471,2861
 1,5701,4745,9713476,3859,35425,1017,2702,081
2013         
Q13663701,2701042,1642,0236,2971,83753
Q24003961,5061111,6972,1576,2681,46453
Q34214142,0401302,0552,6187,67778271
Q44184862,2391622,1912,8488,34472457
 1,6061,6657,0555068,1079,64628,5864,807234
2014         
Q14454801,5041642,3242,3497,2651,801498
Q25584961,7711701,9962,4547,4451,409498
Q36394892,0852252,3162,0597,8131,835498
Q45314432,2992782,6563,0019,2081,651498
 2,1721,9087,6598369,2929,86331,7316,6961,992
2015         
Q15774571,6962443,2102,8659,0491,0741,512
Q26274441,9322052,7714,48810,4671,4581,765
Q37424412,3542213,0093,59510,3614823,582
Q46374992,8452462,0003,6239,8492,1541,407
 2,5821,8418,82691510,99014,57139,7265,1688,266
2016         
Q16444741,9342623,5712,1409,0251,4951,402
Q27935612,5262643,1653,76311,0721,95111,912
Q38475723,2813153,3613,09411,4701,52210,360
Q47745293,6242933,2994,80713,3262,16911,957
 3,0582,13711,3651,13413,39613,80444,8947,13735,631
2017         
Q19175432,5293062,9823,67110,9481,5302,871
          
Percentage change on corresponding period of previous year
2011-25.6-13.3-13.8-21.9-18.0-4.0-13.069.6-19.3
2012-18.3-23.616.10.135.622.515.810.7269.6
20132.313.018.245.827.03.113.9-33.9-88.8
201435.314.68.665.014.62.211.039.3752.7
201518.9-3.515.29.518.347.725.2-22.8314.9
201618.416.128.823.921.9-5.313.038.1331.1
          
2011         
Q1-20.10.4-25.9-30.6n/a1n/a1-8.9n/a1-
Q2-20.9-6.6-21.13.5-28.717.9-11.157.8-
Q3-29.3-23.00.4-39.4n/a1n/a1-13.2n/a1n/a1
Q4-34.0-24.4-10.0-20.3n/a1n/a1-19.1n/a1n/a1
2012         
Q1-35.0-38.615.911.1n/a1n/a16.8n/a1n/a1
Q2-17.1-29.25.3-30.7n/a1n/a112.1n/a1n/a1
Q3-13.4-10.913.915.3n/a1n/a117.8n/a1n/a1
Q42.3-9.026.616.1n/a1n/a128.8n/a1n/a1
2013         
Q1-5.74.68.633.1-5.3-5.6-1.9-4.16,966.7
Q2-1.09.122.945.716.9-24.8-1.9-46.4-97.5
Q3-1.26.822.861.144.932.729.1-41.59,340.8
Q419.231.216.943.878.120.331.5-43.77,479.9
2014         
Q121.429.818.457.97.416.115.4-2.0840.5
Q239.325.317.553.117.613.818.8-3.8839.6
Q351.718.12.273.312.7-21.41.8134.8603.3
Q427.0-8.72.771.121.25.410.4128.1776.0
2015         
Q129.8-4.712.749.038.222.024.6-40.4203.2
Q212.3-10.59.120.938.882.940.63.5254.4
Q316.1-9.912.9-1.829.974.632.6-73.7619.3
Q420.012.623.7-11.4-24.720.77.030.5182.5
2016         
Q111.63.814.07.611.2-25.3-0.339.2-7.2
Q226.526.430.728.814.2-16.25.833.8574.9
Q314.329.839.442.411.7-13.910.7215.8189.2
Q421.56.027.419.365.032.735.30.7749.8
2017         
Q142.414.430.816.9-16.571.621.32.3104.7
1Data suppressed for confidentiality reasons
Annex 4D Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2015)1 - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D related IP importsModified Gross Domestic Fixed Capital FormationAircraft related to LeasingR&D related IP imports
20112,1762,2576,0153355,0668,07223,8656,836637
20121,7471,6756,7874326,7149,57726,9897,4772,075
20131,7361,8397,7936158,5159,81430,3364,877232
20142,1972,0138,0819029,49210,28332,9586,7691,974
20152,5821,8418,82691510,99014,57139,7265,1688,266
20163,0022,01110,6961,06913,58212,34842,7087,08335,883
          
2011         
Q16506951,208631,8732,1286,6069510
Q25535851,3481041,4782,1826,2712,7270
Q35724971,68268n/a2n/a25,516n/a2n/a2
Q44014811,777100n/a2n/a25,472n/a2n/a2
 2,1762,2576,0153355,0668,07223,8656,836637
2012         
Q14424221,384952,4282,2027,0131,9861
Q24364311,43895n/a2n/a26,873n/a2n/a2
Q34734121,814101n/a2n/a26,303n/a2n/a2
Q43964112,1511401,2902,4256,8001,3131
 1,7471,6756,7874326,7149,57726,9897,4772,075
2013         
Q14014421,4881312,2732,0566,8101,86553
Q24404371,6741401,7832,1986,6751,48453
Q34484502,2371552,1542,6648,10979370
Q44475112,3951892,3052,8968,74273456
 1,7361,8397,7936158,5159,81430,3364,877232
2014         
Q14725241,6371942,3772,4377,6531,824494
Q25735161,8621912,0442,5677,7571,424493
Q36425282,2342352,3602,1558,1221,853493
Q45104452,3462822,7113,1249,4261,667493
 2,1972,0138,0819029,49210,28332,9586,7691,974
2015         
Q16084751,7612503,2322,8229,1641,0801,498
Q26414501,9622092,7744,50010,5381,4601,749
Q37334442,3702183,0093,59010,3704813,605
Q46004712,7332391,9763,6589,6542,1471,414
 2,5821,8418,82691510,99014,57139,7265,1688,266
2016         
Q16314541,8582553,6202,0028,8201,4861,411
Q27645262,3782563,2223,32910,4731,93812,075
Q38455503,1262923,4052,72710,9451,51110,475
Q47624813,3342663,3364,29112,4692,14811,921
 3,0022,01110,6961,06913,58212,34842,7087,08335,883
2017         
Q18955192,3642763,0203,43310,5071,5012,824
          
Percentage change on corresponding period of previous year
2011-26.6-13.2-13.824.0-17.1-0.8-11.072.7-19.3
2012-19.7-25.812.828.932.518.613.19.4225.5
2013-0.69.814.842.526.82.512.4-34.8-88.8
201426.69.53.746.611.54.88.638.8749.3
201517.5-8.69.21.515.841.720.5-23.6318.7
201616.39.221.216.723.6-15.37.537.1334.1
          
2011         
Q1-25.07.4-22.17.5n/a2n/a2-6.2n/a2-
Q2-22.4-8.5-21.863.1-27.222.6-8.560.6-
Q3-27.6-30.3-5.6-3.9n/a2n/a2-14.6n/a2n/a2
Q4-32.4-19.9-7.430.0n/a2n/a2-15.3n/a2n/a2
2012         
Q1-32.1-39.314.551.2n/a2n/a26.2n/a2-
Q2-21.1-26.36.7-7.9n/a2n/a29.6n/a2n/a2
Q3-17.4-17.27.847.8n/a2n/a214.3n/a2n/a2
Q4-1.1-14.521.039.9n/a2n/a224.3n/a2n/a2
2013         
Q1-9.24.77.537.5-6.4-6.6-2.9-6.16,503.9
Q21.01.416.447.318.1-24.7-2.9-47.2-97.5
Q3-5.29.323.353.644.931.228.7-42.18,835.4
Q412.724.211.434.778.719.428.6-44.17,074.1
2014         
Q117.718.610.147.64.618.512.4-2.2828.7
Q230.218.111.336.214.616.816.2-4.1835.5
Q343.417.4-0.151.59.6-19.10.2133.8603.1
Q414.1-12.8-2.049.617.67.97.8127.0775.7
2015         
Q128.7-9.47.628.836.015.819.7-40.8203.2
Q211.8-12.85.49.035.775.335.82.5254.4
Q314.1-15.96.0-6.927.566.627.7-74.1630.4
Q417.75.916.5-15.4-27.117.12.428.8186.6
2016         
Q13.8-4.45.52.312.0-29.1-3.837.6-5.8
Q219.116.921.222.616.1-26.0-0.632.7590.4
Q315.323.731.933.713.2-24.05.5214.4190.6
Q427.02.122.011.268.817.329.20.1742.8
2017         
Q141.914.427.37.9-16.671.519.11.0100.1
1Chain linked series not additive
2Data suppressed for confidentiality reasons
Annex 4E Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2015)1 - Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodAll Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D related IP importsModified Gross Domestic Fixed Capital Formation All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D related IP importsModified Gross Domestic Fixed Capital Formation
2011         
Q12,5201,2952,0385,911 2,8421,3742,1666,452
Q22,4051,3432,0545,631 2,7791,4222,1736,232
Q32,297n/a3n/a35,266 2,637n/a3n/a35,732
Q42,178n/a3n/a34,813 2,576n/a3n/a35,373
2012         
Q12,2281,7502,2236,412 2,5681,8172,2966,950
Q22,196n/a3n/a36,337 2,572n/a3n/a36,861
Q32,427n/a3n/a36,130 2,671n/a3n/a36,485
Q42,4561,4732,2116,155 2,7951,5342,2646,610
2013         
Q12,4521,7102,1596,390 2,7881,7612,2066,853
Q22,5581,7782,0616,237 2,8791,8612,0846,690
Q32,7672,1862,7797,829 3,0522,3762,8438,269
Q42,9362,4822,6188,025 3,1702,5742,6588,410
2014         
Q13,0651,9142,5777,492 3,2551,9382,6837,824
Q23,1522,1292,3177,428 3,3432,1712,4077,805
Q33,1612,3972,1967,882 3,3502,5182,3168,203
Q43,1462,8872,7248,808 3,2032,8712,8278,997
2015         
Q13,5612,7723,1979,466 3,6212,8093,1559,509
Q23,3502,9424,21110,433 3,4442,9204,20110,603
Q33,4483,0663,87410,399 3,4443,1383,90510,414
Q43,7492,1193,2349,373 3,6292,0263,2549,166
2016         
Q13,9243,2012,4219,546 3,7253,3202,2629,256
Q24,3113,3223,53011,009 4,1123,3233,11210,512
Q34,5893,3833,33411,467 4,3653,5152,96810,952
Q44,7633,4854,27112,689 4,4723,3783,79811,841
2017         
Q15,0612,7144,18511,633 4,7322,8433,90511,077
          
Percentage change on previous quarter
2011         
Q1-3.1n/a3n/a3-1.6 -3.2n/a3n/a30.6
Q2-4.53.80.8-4.7 -2.23.50.3-3.4
Q3-4.5n/a3n/a3-6.5 -5.1n/a3n/a3-8.0
Q4-5.2n/a3n/a3-8.6 -2.3n/a3n/a3-6.3
2012         
Q12.3n/a3n/a333.2 -0.3n/a3n/a329.4
Q2-1.4n/a3n/a3-1.2 0.2n/a3n/a3-1.3
Q310.5n/a3n/a3-3.3 3.9n/a3n/a3-5.5
Q41.2n/a3n/a30.4 4.6n/a3n/a31.9
2013         
Q1-0.116.1-2.33.8 -0.214.8-2.63.7
Q24.34.0-4.5-2.4 3.25.7-5.5-2.4
Q38.223.034.825.5 6.027.736.523.6
Q46.113.5-5.82.5 3.98.3-6.51.7
2014         
Q14.4-22.9-1.6-6.6 2.7-24.70.9-7.0
Q22.811.2-10.1-0.9 2.712.1-10.3-0.2
Q30.312.6-5.26.1 0.216.0-3.85.1
Q4-0.520.424.011.7 -4.414.022.09.7
2015         
Q113.2-4.017.47.5 13.0-2.211.65.7
Q2-5.96.131.710.2 -4.93.933.111.5
Q32.94.2-8.0-0.3 0.07.5-7.0-1.8
Q48.7-30.9-16.5-9.9 5.4-35.4-16.7-12.0
2016         
Q14.751.1-25.21.8 2.663.9-30.51.0
Q29.93.845.815.3 10.40.137.613.6
Q36.51.8-5.54.2 6.15.8-4.64.2
Q43.83.028.110.7 2.5-3.928.08.1
2017         
Q16.3-22.1-2.0-8.3 5.8-15.82.8-6.4
1Chain linked series not additive
2The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
3Data suppressed for confidentiality reasons

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 2017.

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 2016 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 10 sectors (Nace A10) at Basic Prices. The contents of the sectors conform to the Nace Rev. 2 system.  The “Publishing” and “Software” industries are classified in the sector “Information and communication.”

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

Tables 1 and 4 show a full A10 breakdown which replaces the five sectors used up to QNA Q4 2016. The correspondence with the relevant sections of NACE Rev.2 is as follows:

Agriculture, forestry and fishing Section A
Industry (excluding Construction) Sections B,C,D,E
Of which: Manufacturing Section C
Distribution, transport, hotels and restaurants Sections G,H,I
Information and communication Section J
Financial and insurance activities Section K
Real estate activities Section L
Professional, admin and support services Sections M,N
Public admin, education and health Sections O,P,Q
Arts, entertainment and other services Sections R,S,T

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 2017 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 2015 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 industry 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.

Construction

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

Distribution, Transport, Hotels & Restaurants

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.

Information and communication

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

Public Administration, Education and Health

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

Financial and insurance activities, Real estate activities, Professional, admin and support services and Arts, entertainment and other services

The remaining services categories cover 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.

Product Taxes and Product 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 2017. These models are then applied to the entire series (Q1 1997 to Q1 2017). 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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