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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, 09 March 2017, 11am

Quarterly National Accounts

Quarter 4 2016 and Year 2016 (Preliminary)

GDP and GNP at constant 2014 prices
  Jan-Dec 2016
 Amount €mAnnual % change
GDP256,6315.2
GNP211,3809.0

Annual increase of 5.2 per cent in Real GDP in 2016

Figure 1 Annual Growth Rates (% change)
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Preliminary estimates indicate that GDP in volume terms increased by 5.2 per cent for the year 2016. GNP showed an increase of 9.0 per cent in 2016 over 2015.

On a seasonally adjusted basis, constant price GDP for the fourth quarter of 2016 increased by 2.5 per cent compared with the previous quarter while GNP increased by 3.2 per cent over the same period.

Value added for all sectors increased in 2016

Value added of industry rose by 2.4 per cent in volume terms in 2016 compared to 2015. Building and construction recorded an 11.4 per cent increase in real terms and manufacturing recorded a 1.8 per cent increase (see Table 1 and Annex 2). The distribution, transport, software and communications sector increased by 7.8 per cent while the agriculture sector increased by 6.2 per cent, and other services by 6.0 per cent. Public administration and defence recorded an annual increase of 4.4 per cent.

Capital Investment and Personal Consumption increase, Net Exports decline

On the expenditure side of the accounts (Table 3), capital formation rose strongly by 45.5 per cent during 2016.  Personal consumption, which accounts for almost half of domestic demand, rose by 3.0 per cent, while government expenditure exhibited an increase of 5.3 per cent over the same period. Total domestic demand increased by 16.8 per cent in 2016 compared with 2015.

Import growth during the year of 10.3 per cent outpaced that of exports at 2.4 per cent. Overall net exports for the year declined by €16,042m which when combined with the 16.8 per cent increase in domestic demand, resulted in an overall increase in real GDP in 2016 of 5.2 per cent. Factor income outflows were 9.4 per cent lower in 2016 (€4,677m) compared with 2015 leading to an overall increase in GNP of 9.0 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.

 

Increase of 3.2 per cent in GNP (seasonally adjusted) in Quarter 4

Initial estimates for the fourth quarter of 2016 indicate that there was an increase of 2.5 per cent in GDP in real terms in Q4 2016 compared to the previous quarter. Industry made the most positive contribution to the Q4 result, rising by 4.9 per cent (within which manufacturing recorded a 3.0 per cent increase with building and construction recording a slight decline of 0.3 per cent increase). Increases were also recorded in agriculture (2.3 per cent) and public administration and defence (1.6 per cent). Distribution, transport, software and communication declined by 1.1 per cent over the period compared with Q3 2016, while other services decreased by 0.8 per cent.

On the expenditure side there was a decline in net exports of €17,396m (93.7 per cent) during the quarter, largely driven by higher imports (37.2 per cent).  Capital investment exhibited an increase of 85.7 per cent while personal consumption expenditure increased by 0.7 per cent in Q4 compared to Q3.

Factor income outflows were 3.8 per cent higher than in the previous quarter leading to an overall increase in GNP of 3.2 per cent for the fourth quarter compared with the previous quarter.

 

See also:

National Accounts and Balance of Payments FAQ for Q4 2016 (PDF 193KB)

Quarterly National Accounts and Balance of Payments Q4 2016 Press Briefing Presentation (PDF 1,492KB)

GDPGNP
2015 Q121.53456281593536.09854333433771
2015 Q20.990864431534869.17393813573119
2015 Q31.62245492863413-2.45385015630002
2015 Q42.11061465581692.84462420785292
2016 Q1-0.6775203164510372.49175933568273
2016 Q20.7553948809129171.1995985701512
2016 Q33.989748284833572.83490791532395
2016 Q42.452272256635383.23030894765419
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
PeriodAgric. forestry and fishingIndustryof which Building and constructionDist. transport software and comms.Public admin. and defenceOther services (including rent) GDP at constant factor cost   Taxes less subsidiesGDP at constant market costNet factor income from rest of worldGNP at constant market prices
20103,93746,9845,62242,5157,51765,396 162,81815,362178,190-29,053149,379
20114,10946,5644,89541,8237,59264,170 163,17314,937178,118-34,618143,434
20123,96045,5254,56041,5197,42063,579 161,09315,041176,153-33,191142,903
20133,65143,4614,93844,1237,16064,918 161,89716,180178,089-28,452149,658
20144,15446,5255,40547,1077,16171,825 174,86018,300193,160-29,715163,445
20154,58587,1445,78950,7277,57176,023 224,37219,542243,914-49,928193,986
20164,87189,2516,45154,7077,90280,600 235,89920,732256,631-45,252211,380
2010            
Q11,02812,5591,37010,2991,83415,797 39,6714,39344,084-8,17835,992
Q21,34611,8821,38710,4071,89415,995 41,2153,48244,737-8,21536,606
Q389011,5231,47311,0451,93416,407 40,7395,04845,801-7,31738,542
Q467311,0211,39110,7641,85617,197 41,1922,43943,569-5,34338,240
2011            
Q11,05511,9061,23310,1851,87915,176 39,5154,43343,973-8,68935,260
Q21,38712,3731,17910,4511,95915,887 41,7923,37645,152-9,11835,999
Q395011,5331,26210,5531,89516,310 40,5984,70945,335-8,53736,797
Q471810,7521,22110,6341,85916,797 41,2692,41943,658-8,27535,379
2012            
Q11,12912,0301,01810,3141,80515,204 39,2344,43443,669-8,90134,749
Q21,40412,1521,0519,8881,85815,329 41,1223,38144,504-8,35636,133
Q383011,1911,19410,5901,89416,223 39,7994,93144,729-8,30436,410
Q459710,1531,29710,7271,86316,823 40,9372,29543,252-7,63035,610
2013            
Q176511,3081,05510,4181,72815,379 38,4484,71443,161-7,18735,974
Q21,11511,4901,13410,5971,79115,645 40,3543,56543,921-8,21635,690
Q399810,9031,35411,4061,84116,549 41,7515,14346,893-7,26339,639
Q47739,7611,39611,7031,80017,346 41,3442,75744,115-5,78638,354
2014            
Q187511,4311,17410,7981,77216,881 40,9055,15046,047-7,53138,525
Q21,34712,6391,31111,5551,83817,004 43,2354,16947,402-7,99239,424
Q31,04811,5651,49312,3101,80018,405 45,3255,39950,705-7,78442,921
Q488310,8901,42712,4451,75019,536 45,3953,58249,005-6,40842,575
2015            
Q194320,4991,30412,2741,82017,951 53,3505,65259,002-13,89145,112
Q21,36320,9061,35212,1511,90818,079 54,4094,51058,919-9,25149,668
Q31,26323,3341,55313,7141,93619,472 57,4865,56963,055-13,32249,733
Q41,01622,4051,58012,5871,90720,521 59,1273,81162,938-13,46549,473
2016            
Q11,05420,9821,35113,0111,93819,155 55,3345,95361,287-10,57550,712
Q21,49321,5331,53813,0052,03019,439 55,9854,86760,852-9,12451,729
Q31,29323,0651,81015,0371,97820,795 60,9636,03266,995-12,58054,416
Q41,03123,6711,75213,6541,95621,210 63,6173,88067,497-12,97454,523
Percentage change on corresponding period of previous year 
20100.32.9-24.01.22.84.4 2.4-2.22.0 3.8
20114.4-0.9-12.9-1.61.0-1.9 0.2-2.8-0.0 -4.0
2012-3.6-2.2-6.8-0.7-2.3-0.9 -1.30.7-1.1 -0.4
2013-7.8-4.58.36.3-3.52.1 0.57.61.1 4.7
201413.87.19.56.80.010.6 8.013.18.5 9.2
201510.487.37.17.75.75.8 28.36.826.3 18.7
20166.22.411.47.84.46.0 5.16.15.2 9.0
2010            
Q1-3.40.4-32.5-1.02.91.7 0.2-4.8-0.3 -1.6
Q2-4.8-1.2-24.50.12.63.5 2.0-3.01.5 1.6
Q37.85.7-19.43.03.53.7 4.02.23.9 7.0
Q48.68.0-18.22.72.38.8 3.6-4.93.1 8.2
2011            
Q12.6-5.2-10.0-1.12.5-3.9 -0.40.9-0.3 -2.0
Q23.04.1-15.00.43.5-0.7 1.4-3.00.9 -1.7
Q36.80.1-14.3-4.4-2.0-0.6 -0.3-6.7-1.0 -4.5
Q46.7-2.4-12.3-1.20.2-2.3 0.2-0.80.2 -7.5
2012            
Q17.01.0-17.41.3-3.90.2 -0.70.0-0.7 -1.4
Q21.2-1.8-10.8-5.4-5.2-3.5 -1.60.1-1.4 0.4
Q3-12.6-3.0-5.40.3-0.1-0.5 -2.04.7-1.3 -1.0
Q4-16.8-5.66.20.90.20.2 -0.8-5.1-0.9 0.7
2013            
Q1-32.2-6.03.61.0-4.31.2 -2.06.3-1.2 3.5
Q2-20.6-5.47.87.2-3.62.1 -1.95.4-1.3 -1.2
Q320.2-2.613.47.7-2.82.0 4.94.34.8 8.9
Q429.4-3.97.69.1-3.43.1 1.020.12.0 7.7
2014            
Q114.31.111.33.62.69.8 6.49.26.7 7.1
Q220.910.015.69.02.68.7 7.116.97.9 10.5
Q35.06.110.37.9-2.211.2 8.65.08.1 8.3
Q414.211.62.36.3-2.812.6 9.830.011.1 11.0
2015            
Q17.879.311.013.72.76.3 30.49.828.1 17.1
Q21.265.43.25.23.86.3 25.88.224.3 26.0
Q320.5101.84.011.47.55.8 26.83.224.4 15.9
Q415.0105.710.71.18.95.0 30.36.428.4 16.2
2016            
Q111.72.43.76.06.56.7 3.75.33.9 12.4
Q29.53.013.77.06.47.5 2.97.93.3 4.1
Q32.4-1.216.59.62.16.8 6.08.36.2 9.4
Q41.55.710.98.52.63.4 7.61.87.2 10.2
*Chain linked series not additive   
Table 2 Expenditure on Gross National Product at Current Market Prices
          €million
PeriodPersonal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationValue of physical changes in stocksExports of goods and servicesImports of goods and servicesStatistical discrepancyGDP at current market pricesNet factor income from rest of worldGNP at current market prices
201083,74126,63129,482-561172,795-144,925-39167,124-28,457138,667
201183,68426,62529,813639177,303-145,143149173,070-33,788139,282
201284,20325,90134,178859187,662-157,516467175,754-33,551142,203
201384,98325,55032,887598191,183-157,3142,322180,209-28,310151,899
201487,76026,47939,5722,827219,790-185,1821,913193,160-29,715163,445
201592,37726,98554,1031,293317,197-235,985-155255,815-53,173202,642
201696,09128,52577,7951,928318,817-257,159-161265,835-47,464218,371
2010          
Q120,5646,7467,345-75740,575-33,164-1041,299-8,01833,281
Q220,4476,5358,073-19943,928-36,714-1042,059-8,02534,035
Q320,6116,4796,12533144,628-35,598-1042,566-7,19735,369
Q422,1206,8737,9396343,664-39,449-1041,200-5,21835,982
2011          
Q120,5286,6256,992-6743,400-35,7023641,812-8,40933,403
Q220,4536,6178,45710144,751-36,7543843,663-8,81234,851
Q320,3426,7046,43787644,312-34,6293844,081-8,38435,696
Q422,3616,6787,927-27144,840-38,0593843,514-8,18235,332
2012          
Q120,2846,6068,22311745,260-38,08411342,519-8,95533,564
Q220,3046,42911,220-6947,503-40,79911944,707-8,39236,315
Q320,8496,5067,18269046,665-37,35211944,659-8,53036,129
Q422,7666,3617,55312148,233-41,28111743,869-7,67436,195
2013          
Q120,4736,2558,07854545,306-38,11355543,099-7,22035,879
Q220,4356,4097,65230149,164-40,07157344,463-8,15736,306
Q321,0836,4828,33766948,179-37,71861447,646-7,21440,432
Q422,9936,4048,820-91748,535-41,41458045,001-5,71939,282
2014          
Q121,0006,5919,36274148,981-42,17044544,950-7,39737,553
Q221,1296,7579,229-61955,214-45,48846246,684-7,96638,718
Q321,7236,6449,9811,38156,894-45,97250751,158-7,76743,391
Q423,9076,48810,9991,32458,703-51,55349950,367-6,58543,782
2015          
Q122,1176,85611,72674173,807-53,702-3761,509-14,64246,867
Q222,0936,75913,70263577,753-59,529-3761,376-9,93051,446
Q323,0276,70014,279-1,13680,577-59,319-3964,090-14,14049,950
Q425,1396,67014,3961,05385,060-63,437-4268,840-14,46154,379
2016          
Q123,6007,22311,3231,26075,007-54,259-3964,115-11,08353,032
Q223,0207,14116,715-83877,898-63,203-3760,696-9,47351,223
Q323,9457,08413,13078879,585-55,563-4268,928-13,17155,757
Q425,5257,07736,62771886,327-84,134-4472,096-13,73758,359
Percentage change on corresponding period of previous year
2010-1.5-10.2-17.9 9.06.8 -1.5 -1.2
2011-0.1-0.01.1 2.60.2 3.6 0.4
20120.6-2.714.6 5.88.5 1.6 2.1
20130.9-1.4-3.8 1.9-0.1 2.5 6.8
20143.33.620.3 15.017.7 7.2 7.6
20155.31.936.7 44.327.4 32.4 24.0
20164.05.743.8 0.59.0 3.9 7.8
2010          
Q1-3.8-13.3-24.7 1.7-3.6 -4.5 -7.1
Q2-1.9-9.4-14.6 7.56.3 -2.7 -3.8
Q30.1-10.1-20.8 15.313.2 1.8 3.8
Q4-0.3-7.8-11.5 11.611.9 -0.5 2.9
2011          
Q1-0.2-1.8-4.8 7.07.7 1.2 0.4
Q20.01.34.8 1.90.1 3.8 2.4
Q3-1.33.55.1 -0.7-2.7 3.6 0.9
Q41.1-2.8-0.1 2.7-3.5 5.6 -1.8
2012          
Q1-1.2-0.317.6 4.36.7 1.7 0.5
Q2-0.7-2.832.7 6.211.0 2.4 4.2
Q32.5-3.011.6 5.37.9 1.3 1.2
Q41.8-4.8-4.7 7.68.5 0.8 2.4
2013          
Q10.9-5.3-1.8 0.10.1 1.4 6.9
Q20.6-0.3-31.8 3.5-1.8 -0.5 -0.0
Q31.1-0.416.1 3.21.0 6.7 11.9
Q41.00.716.8 0.60.3 2.6 8.5
2014          
Q12.65.415.9 8.110.6 4.3 4.7
Q23.45.420.6 12.313.5 5.0 6.6
Q33.02.519.7 18.121.9 7.4 7.3
Q44.01.324.7 20.924.5 11.9 11.5
2015          
Q15.34.025.3 50.727.3 36.8 24.8
Q24.60.048.5 40.830.9 31.5 32.9
Q36.00.843.1 41.629.0 25.3 15.1
Q45.22.830.9 44.923.1 36.7 24.2
2016          
Q16.75.4-3.4 1.61.0 4.2 13.2
Q24.25.722.0 0.26.2 -1.1 -0.4
Q34.05.7-8.0 -1.2-6.3 7.5 11.6
Q41.56.1154.4 1.532.6 4.7 7.3
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*
         €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
201088,74926,43630,632-549176,873-146,860178,190-29,053149,379
201187,82526,18731,668613181,959-150,705178,118-34,618143,434
201286,98425,11135,368855186,298-158,825176,153-33,191142,903
201386,27625,13433,468574192,091-160,577178,089-28,452149,658
201487,76026,47939,5722,827219,790-185,182193,160-29,715163,445
201591,70726,78452,4941,219295,373-225,341243,914-49,928193,986
201694,47428,21576,4042,116302,449-248,459256,631-45,252211,380
2010         
Q121,8316,6427,552-72541,480-34,25244,084-8,17835,992
Q221,7006,6888,378-15045,074-36,81344,737-8,21536,606
Q321,9486,4276,51428245,481-35,72545,801-7,31738,542
Q423,2716,6798,1884344,838-40,07043,569-5,34338,240
2011         
Q121,7636,6847,433-12544,923-36,98543,973-8,68935,260
Q221,5546,6048,9547046,390-38,35045,152-9,11835,999
Q321,3336,4376,81083745,202-36,09045,335-8,53736,797
Q423,1756,4628,470-16945,444-39,28043,658-8,27535,379
2012         
Q121,0796,3958,73712645,127-38,88343,669-8,90134,749
Q221,0646,22811,451-9847,460-40,88344,504-8,35636,133
Q321,5746,3077,35966445,588-37,62044,729-8,30436,410
Q423,2686,1817,82016448,124-41,43843,252-7,63035,610
2013         
Q120,9116,1688,37358945,052-38,89643,161-7,18735,974
Q220,8226,0247,80434449,473-40,82043,921-8,21635,690
Q321,4076,4098,43565148,465-38,44546,893-7,26339,639
Q423,1366,5348,856-1,01149,101-42,41644,115-5,78638,354
2014         
Q121,1726,5919,49765049,898-42,67146,047-7,53138,525
Q221,1996,7579,249-48755,484-46,01447,402-7,99239,424
Q321,6776,6449,9771,33357,147-45,77550,705-7,78442,921
Q423,7126,48810,8501,33257,261-50,72249,005-6,40842,575
2015         
Q122,1996,76811,62473969,398-51,86359,002-13,89145,112
Q222,0396,71113,52660072,009-55,96558,919-9,25149,668
Q322,7556,63613,623-1,20775,360-56,34763,055-13,32249,733
Q424,7146,66813,7221,08778,606-61,16662,938-13,46549,473
2016         
Q123,4657,10011,1901,33670,949-53,55961,287-10,57550,712
Q222,6047,06016,554-78074,610-60,71060,852-9,12451,729
Q323,3077,00812,65179175,759-53,72766,995-12,58054,416
Q425,0987,04736,00976981,130-80,46367,497-12,97454,523
Percentage change on corresponding period of previous year 
20100.7-6.5-14.9 5.80.82.0 3.8
2011-1.0-0.93.4 2.92.6-0.0 -4.0
2012-1.0-4.111.7 2.45.4-1.1 -0.4
2013-0.80.1-5.4 3.11.11.1 4.7
20141.75.418.2 14.415.38.5 9.2
20154.51.132.7 34.421.726.3 18.7
20163.05.345.5 2.410.35.2 9.0
2010         
Q1-0.2-8.3-21.1 -0.1-8.0-0.3 -1.6
Q20.4-6.0-10.3 6.20.11.5 1.6
Q31.7-5.7-18.0 11.16.83.9 7.0
Q40.7-5.9-10.6 6.04.73.1 8.2
2011         
Q1-0.30.6-1.6 8.38.0-0.3 -2.0
Q2-0.7-1.36.9 2.94.20.9 -1.7
Q3-2.80.24.5 -0.61.0-1.0 -4.5
Q4-0.4-3.33.4 1.4-2.00.2 -7.5
2012         
Q1-3.1-4.317.5 0.55.1-0.7 -1.4
Q2-2.3-5.727.9 2.36.6-1.4 0.4
Q31.1-2.08.1 0.94.2-1.3 -1.0
Q40.4-4.4-7.7 5.95.5-0.9 0.7
2013         
Q1-0.8-3.6-4.2 -0.20.0-1.2 3.5
Q2-1.2-3.3-31.9 4.2-0.2-1.3 -1.2
Q3-0.81.614.6 6.32.24.8 8.9
Q4-0.65.713.2 2.02.42.0 7.7
2014         
Q11.26.913.4 10.89.76.7 7.1
Q21.812.218.5 12.112.77.9 10.5
Q31.33.718.3 17.919.18.1 8.3
Q42.5-0.722.5 16.619.611.1 11.0
2015         
Q14.92.722.4 39.121.528.1 17.1
Q24.0-0.746.2 29.821.624.3 26.0
Q35.0-0.136.5 31.923.124.4 15.9
Q44.22.826.5 37.320.628.4 16.2
2016         
Q15.74.9-3.7 2.23.33.9 12.4
Q22.65.222.4 3.68.53.3 4.1
Q32.45.6-7.1 0.5-4.66.2 9.4
Q41.65.7162.4 3.231.57.2 10.2
*Chain linked series not additive  
Table 4 Gross Value Added at Constant Factor Cost by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)€million
PeriodAgric. forestry and fishingIndustryof which Building and constructionDist. transport software and commsPublic admin. and defenceOther services (including rent)GDP at constant factor costTaxes less subsidiesGDP at constant market pricesNet factor income from rest of worldGNP at constant market prices
2010           
Q197012,1891,43310,5391,87016,19540,4913,77744,221-7,87736,332
Q297411,4351,45810,6111,87716,33940,6753,87144,516-7,86836,900
Q399311,6231,40210,7601,89616,22340,9593,95544,883-7,32637,806
Q498311,8021,32110,5381,87516,57340,5983,77744,480-5,98938,303
2011           
Q11,01211,5611,31410,4511,91415,60840,5123,77744,302-8,35135,708
Q21,02211,8031,24010,6861,94316,26941,2863,74744,837-8,82836,240
Q31,03211,6251,19110,2511,85816,12340,6053,65744,449-8,52835,933
Q41,06311,5721,14910,5951,87716,09840,6453,79744,373-8,91335,546
2012           
Q11,09011,7231,10410,4321,84015,69240,3603,74144,145-8,49235,258
Q21,05311,5591,10610,1351,84415,74840,7763,75344,337-8,19736,335
Q392111,2391,11910,4491,85516,01639,6163,86443,751-8,28535,466
Q479710,9001,21310,4901,88016,04940,1943,69043,789-8,16635,865
2013           
Q179211,0821,16210,7211,76315,91939,6423,96943,659-6,71936,514
Q285411,0061,19110,9021,77616,12940,3053,93744,077-8,29535,849
Q31,01410,8661,25910,9561,80416,29841,3344,11245,717-7,18338,591
Q498010,3361,30411,5001,81816,51540,4194,15344,447-6,16738,708
2014           
Q194611,3291,30711,1071,80917,49542,2324,37146,544-6,99639,048
Q21,05312,2761,37411,9241,81817,57543,5784,57748,051-8,41039,559
Q31,03711,4271,37911,7231,76718,08244,6324,43649,253-7,60441,851
Q41,07011,2541,33612,3161,77218,60944,1884,98849,075-6,59243,007
2015           
Q11,05520,6181,46412,6171,85518,59355,0994,84859,643-13,32345,630
Q21,08820,7341,41312,5621,87918,71955,3244,88160,234-9,97449,816
Q31,21922,7831,42712,9571,90719,10156,3724,64161,211-13,08148,593
Q41,19622,6041,48512,5531,93519,56257,3275,17962,503-13,44249,976
2016           
Q11,17321,4481,52113,1401,97019,82857,1705,14062,080-9,98551,221
Q21,20621,6411,60313,4561,99320,14157,2785,22162,549-10,10651,835
Q31,23522,3901,65814,1261,95620,38559,6595,14965,044-12,30553,305
Q41,26323,4961,65313,9661,98720,23161,4855,24066,639-12,77255,027
Percentage change on previous quarter 
2010           
Q14.012.9-12.32.42.15.83.4-1.62.6 3.0
Q20.4-6.21.70.70.30.90.52.50.7 1.6
Q31.91.6-3.91.41.0-0.70.72.20.8 2.5
Q4-1.01.5-5.8-2.1-1.12.2-0.9-4.5-0.9 1.3
2011           
Q13.0-2.0-0.5-0.82.1-5.8-0.2-0.0-0.4 -6.8
Q20.92.1-5.62.31.54.21.9-0.81.2 1.5
Q30.9-1.5-4.0-4.1-4.4-0.9-1.6-2.4-0.9 -0.8
Q43.0-0.5-3.53.41.0-0.20.13.8-0.2 -1.1
2012           
Q12.61.3-3.9-1.5-2.0-2.5-0.7-1.5-0.5 -0.8
Q2-3.4-1.40.2-2.90.20.41.00.30.4 3.1
Q3-12.6-2.81.13.10.61.7-2.83.0-1.3 -2.4
Q4-13.4-3.08.50.41.30.21.5-4.50.1 1.1
2013           
Q1-0.71.7-4.22.2-6.2-0.8-1.47.5-0.3 1.8
Q27.9-0.72.51.70.81.31.7-0.81.0 -1.8
Q318.7-1.35.70.51.51.12.64.43.7 7.7
Q4-3.4-4.93.65.00.81.3-2.21.0-2.8 0.3
2014           
Q1-3.49.60.2-3.4-0.55.94.55.24.7 0.9
Q211.38.45.17.40.50.53.24.73.2 1.3
Q3-1.5-6.90.4-1.7-2.82.92.4-3.12.5 5.8
Q43.2-1.5-3.25.10.32.9-1.012.4-0.4 2.8
2015           
Q1-1.483.29.62.44.7-0.124.7-2.821.5 6.1
Q23.20.6-3.5-0.41.30.70.40.71.0 9.2
Q312.09.91.03.11.52.01.9-4.91.6 -2.5
Q4-1.9-0.84.1-3.11.52.41.711.62.1 2.8
2016           
Q1-1.9-5.12.44.71.81.4-0.3-0.8-0.7 2.5
Q22.80.95.42.41.11.60.21.60.8 1.2
Q32.43.53.45.0-1.91.24.2-1.44.0 2.8
Q42.34.9-0.3-1.11.6-0.83.11.82.5 3.2
*Chain 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
2010         
Q120,8636,7497,283-59941,285-33,77041,942-7,63834,202
Q220,9546,6087,687-29143,093-36,01441,936-7,65434,378
Q321,0206,4936,78918944,870-37,49842,119-7,13735,015
Q420,8296,7937,62212343,508-37,85741,072-6,03535,010
2011         
Q120,9176,6276,9514644,252-36,43142,612-7,98434,427
Q221,0096,6808,11316843,901-35,90543,607-8,51235,299
Q320,7086,6847,06563044,399-36,56843,303-8,30934,979
Q420,9756,6567,647-21944,653-35,81143,471-8,98534,595
2012         
Q120,7436,6048,06016746,325-38,83943,405-8,43334,581
Q220,8996,45810,92613846,661-39,86944,822-8,25536,905
Q321,1896,4707,76942546,622-38,60843,668-8,47135,142
Q421,2986,4007,29112047,843-39,84143,746-8,32335,634
2013         
Q120,9736,2417,97449546,597-38,72743,989-6,62036,836
Q221,0916,3907,55868648,429-39,12944,928-8,31137,060
Q321,3776,4588,94238348,069-39,83346,452-7,12239,187
Q421,4996,5058,413-96847,763-39,92144,629-6,15238,782
2014         
Q121,5056,5369,26459250,665-42,59845,826-6,70338,374
Q221,8706,6989,165-9454,617-44,59947,633-8,51739,675
Q321,9786,64910,9531,12056,703-48,41849,832-7,60742,086
Q422,3746,64110,1321,20757,297-49,81649,586-6,75643,190
2015         
Q122,6136,73911,75749376,703-53,93762,572-13,89647,711
Q222,9206,68813,5221,31577,259-58,74363,254-10,84152,868
Q323,2536,73816,405-1,40680,277-62,16962,436-13,92548,572
Q423,5676,85412,64988082,406-61,33167,290-14,40553,531
2016         
Q124,0827,05211,43796578,196-54,37965,118-10,27753,865
Q223,9167,06816,334-7777,742-62,52363,002-10,68952,675
Q324,1527,14715,80352479,260-58,76167,248-12,92854,434
Q423,9637,28131,14750683,210-80,99170,061-13,48757,279
Percentage change on previous quarter      
2010         
Q1-0.6-7.9-16.0 6.20.21.9 1.0
Q20.4-2.15.5 4.46.6-0.0 0.5
Q30.3-1.7-11.7 4.14.10.4 1.9
Q4-0.94.612.3 -3.01.0-2.5 -0.0
2011         
Q10.4-2.5-8.8 1.7-3.83.7 -1.7
Q20.40.816.7 -0.8-1.42.3 2.5
Q3-1.40.1-12.9 1.11.8-0.7 -0.9
Q41.3-0.48.3 0.6-2.10.4 -1.1
2012         
Q1-1.1-0.85.4 3.78.5-0.2 -0.0
Q20.7-2.235.6 0.72.73.3 6.7
Q31.40.2-28.9 -0.1-3.2-2.6 -4.8
Q40.5-1.1-6.2 2.63.20.2 1.4
2013         
Q1-1.5-2.59.4 -2.6-2.80.6 3.4
Q20.62.4-5.2 3.91.02.1 0.6
Q31.41.118.3 -0.71.83.4 5.7
Q40.60.7-5.9 -0.60.2-3.9 -1.0
2014         
Q10.00.510.1 6.16.72.7 -1.1
Q21.72.5-1.1 7.84.73.9 3.4
Q30.5-0.719.5 3.88.64.6 6.1
Q41.8-0.1-7.5 1.02.9-0.5 2.6
2015         
Q11.11.516.0 33.98.326.2 10.5
Q21.4-0.815.0 0.78.91.1 10.8
Q31.50.721.3 3.95.8-1.3 -8.1
Q41.41.7-22.9 2.7-1.37.8 10.2
2016         
Q12.22.9-9.6 -5.1-11.3-3.2 0.6
Q2-0.70.242.8 -0.615.0-3.3 -2.2
Q31.01.1-3.3 2.0-6.06.7 3.3
Q4-0.81.997.1 5.037.84.2 5.2
Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted
         €million
PeriodPersonal consumption of goods and servicesNet exp. by central and local government on current goods and servicesGross domestic fixed capital formationValue of physical changes in stocksExports of goods and servicesImports of goods and servicesGDP at constant market prices Net factor income from rest of worldGNP at constant market prices
2010         
Q122,1636,6857,437-54442,241-34,42444,221-7,87736,332
Q222,2756,6998,005-27944,186-36,19944,516-7,86836,900
Q322,2616,5197,1857045,664-37,58744,883-7,32637,806
Q422,0186,5667,91221844,704-38,57744,480-5,98938,303
2011         
Q122,2306,6877,331-2645,904-37,26244,302-8,35135,708
Q222,0756,6298,61511845,450-37,60544,837-8,82836,240
Q321,6296,4897,45348745,218-38,00044,449-8,52835,933
Q422,0026,4108,1824145,330-37,54544,373-8,91335,546
2012         
Q121,3026,3678,61811446,243-39,74744,145-8,49235,258
Q221,6396,26511,15313546,555-40,06344,337-8,19736,335
Q322,0056,3177,90327145,479-39,31843,751-8,28535,466
Q421,9026,1907,58234047,859-39,96843,789-8,16635,865
2013         
Q121,2756,1138,27842446,860-39,17843,659-6,71936,514
Q221,5736,0517,66481148,133-39,98944,077-8,29535,849
Q321,6976,4079,04125748,245-40,53845,717-7,18338,591
Q421,7266,5938,415-94048,595-40,84844,447-6,16738,708
2014         
Q121,6726,5139,55137951,439-42,78446,544-6,99639,048
Q221,8516,7519,06515054,853-45,26148,051-8,41039,559
Q321,9726,66011,0181,00156,844-48,17049,253-7,60441,851
Q422,2756,5879,7881,27956,309-48,92749,075-6,59243,007
2015         
Q122,6076,65812,06636071,696-51,76959,643-13,32345,630
Q222,7976,67813,1171,40871,531-55,33560,234-9,97449,816
Q323,0576,68215,901-1,47574,924-59,10661,211-13,08148,593
Q423,2686,78811,61387576,898-59,05962,503-13,44249,976
2016         
Q123,5166,96512,05993774,186-53,81262,080-9,98551,221
Q223,4527,01315,85011673,587-60,22062,549-10,10651,835
Q323,6217,07415,61958475,337-56,76465,044-12,30553,305
Q423,7867,17229,00544479,053-77,87666,639-12,77255,027
Percentage change on previous quarter       
2010         
Q11.1-3.5-16.6 0.2-6.52.6 3.0
Q20.50.27.6 4.65.20.7 1.6
Q3-0.1-2.7-10.2 3.33.80.8 2.5
Q4-1.10.710.1 -2.12.6-0.9 1.3
2011         
Q11.01.8-7.3 2.7-3.4-0.4 -6.8
Q2-0.7-0.917.5 -1.00.91.2 1.5
Q3-2.0-2.1-13.5 -0.51.1-0.9 -0.8
Q41.7-1.29.8 0.2-1.2-0.2 -1.1
2012         
Q1-3.2-0.75.3 2.05.9-0.5 -0.8
Q21.6-1.629.4 0.70.80.4 3.1
Q31.70.8-29.1 -2.3-1.9-1.3 -2.4
Q4-0.5-2.0-4.1 5.21.70.1 1.1
2013         
Q1-2.9-1.29.2 -2.1-2.0-0.3 1.8
Q21.4-1.0-7.4 2.72.11.0 -1.8
Q30.65.918.0 0.21.43.7 7.7
Q40.12.9-6.9 0.70.8-2.8 0.3
2014         
Q1-0.2-1.213.5 5.94.74.7 0.9
Q20.83.7-5.1 6.65.83.2 1.3
Q30.6-1.321.5 3.66.42.5 5.8
Q41.4-1.1-11.2 -0.91.6-0.4 2.8
2015         
Q11.51.123.3 27.35.821.5 6.1
Q20.80.38.7 -0.26.91.0 9.2
Q31.10.121.2 4.76.81.6 -2.5
Q40.91.6-27.0 2.6-0.12.1 2.8
2016         
Q11.12.63.8 -3.5-8.9-0.7 2.5
Q2-0.30.731.4 -0.811.90.8 1.2
Q30.70.9-1.5 2.4-5.74.0 2.8
Q40.71.485.7 4.937.22.5 3.2
*Chain 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
2010             
Q140,57524,70215,87333,16414,46718,697 41,48024,25917,22234,25214,76919,483
Q243,92826,60617,32236,71416,05120,663 45,07426,33918,73436,81315,28821,524
Q344,62827,08317,54535,59815,09820,501 45,48126,53018,95035,72514,42321,302
Q443,66424,86418,80039,44916,35123,097 44,83824,64320,19540,07015,99924,072
 172,795103,25569,540144,92561,96782,958 176,873101,77175,102146,86060,48086,381
2011             
Q143,40025,42317,97735,70214,79920,902 44,92325,65519,26836,98515,34921,636
Q244,75125,11419,63736,75415,53821,216 46,39025,61820,77238,35016,46921,881
Q344,31225,44318,87034,62913,89620,733 45,20225,19620,00636,09014,85021,241
Q444,84024,59820,24238,05915,08822,971 45,44424,16821,27539,28015,87523,405
 177,303100,57876,725145,14359,32185,822 181,959100,63881,321150,70562,54288,162
2012             
Q145,26025,40519,85538,08416,43721,647 45,12724,65520,47238,88317,06221,822
Q247,50325,60621,89740,79916,33124,468 47,46025,16022,30040,88316,33224,551
Q346,66525,26321,40237,35215,19122,161 45,58823,89021,69837,62015,62121,999
Q448,23325,59922,63441,28117,01924,262 48,12425,13322,99141,43817,15124,287
 187,662101,87485,788157,51664,97892,538 186,29898,83887,460158,82566,16692,659
2013             
Q145,30624,13721,16938,11316,41121,702 45,05223,53021,52338,89617,32621,571
Q249,16425,81123,35340,07116,17323,898 49,47325,85023,62340,82017,03423,786
Q348,17925,11623,06337,71815,30122,417 48,46525,16223,30238,44516,14622,298
Q448,53523,66824,86741,41416,34225,072 49,10123,98225,11942,41617,37225,044
 191,18398,73192,452157,31464,22593,089 192,09198,52493,567160,57767,87892,699
2014             
Q148,98126,18822,79342,17017,24824,922 49,89826,94222,95742,67117,48625,186
Q255,21428,90326,31145,48817,61627,872 55,48429,10226,38146,01418,11227,902
Q356,89429,27327,62145,97218,28727,685 57,14729,18027,96745,77518,08327,692
Q458,70330,10128,60251,55320,57930,974 57,26129,23728,02450,72220,04930,672
 219,790114,463105,327185,18273,729111,453 219,790114,461105,329185,18273,730111,452
2015             
Q173,80746,47827,32953,70220,25333,449 69,39842,86426,53551,86320,18331,680
Q277,75347,20130,55259,52920,72038,809 72,00942,17729,83255,96519,71836,247
Q380,57749,39731,18059,31920,49938,820 75,36045,35630,00456,34719,96336,383
Q485,06052,51632,54463,43723,55239,885 78,60647,51931,08761,16623,86837,298
 317,197195,592121,605235,98585,022150,963 295,373177,915117,458225,34183,732141,609
2016             
Q175,00745,79629,21154,25919,22235,037 70,94943,64927,30053,55920,30433,255
Q277,89845,66132,23763,20320,99542,208 74,61043,35531,25660,71020,84439,866
Q379,58544,87634,70955,56320,36835,195 75,75942,23033,53053,72720,57233,156
Q486,32749,91836,40984,13422,68361,451 81,13046,57534,55680,46322,71757,745
 318,817186,251132,566257,15983,268173,891 302,449175,808126,641248,45984,437164,022
Percentage change on corresponding period of previous year
2010             
Q11.7-2.58.9-3.6-7.5-0.4 -0.1-4.56.9-8.0-14.7-2.1
Q27.55.311.16.36.16.4 6.24.19.20.1-6.04.9
Q315.315.614.713.210.715.1 11.110.511.96.8-0.212.1
Q411.66.918.611.915.89.2 6.00.114.44.73.25.7
2011             
Q17.02.913.37.72.311.8 8.35.811.98.03.911.1
Q21.9-5.613.40.1-3.22.7 2.9-2.710.94.27.71.7
Q3-0.7-6.17.5-2.7-8.01.1 -0.6-5.05.61.03.0-0.3
Q42.7-1.17.7-3.5-7.7-0.5 1.4-1.95.3-2.0-0.8-2.8
2012             
Q14.3-0.110.46.711.13.6 0.5-3.96.25.111.20.9
Q26.22.011.511.05.115.3 2.3-1.87.46.6-0.812.2
Q35.3-0.713.47.99.36.9 0.9-5.28.54.25.23.6
Q47.64.111.88.512.85.6 5.94.08.15.58.03.8
2013             
Q10.1-5.06.60.1-0.20.3 -0.2-4.65.10.01.5-1.1
Q23.50.86.6-1.8-1.0-2.3 4.22.75.9-0.24.3-3.1
Q33.2-0.67.81.00.71.2 6.35.37.42.23.41.4
Q40.6-7.59.90.3-4.03.3 2.0-4.69.32.41.33.1
2014             
Q18.18.57.710.65.114.8 10.814.56.79.70.916.8
Q212.312.012.713.58.916.6 12.112.611.712.76.317.3
Q318.116.619.821.919.523.5 17.916.020.019.112.024.2
Q420.927.215.024.525.923.5 16.621.911.619.615.422.5
2015             
Q150.777.519.927.317.434.2 39.159.115.621.515.425.8
Q240.863.316.130.917.639.2 29.844.913.121.68.929.9
Q341.668.712.929.012.140.2 31.955.47.323.110.431.4
Q444.974.513.823.114.428.8 37.362.510.920.619.021.6
2016             
Q11.6-1.56.91.0-5.14.7 2.21.82.93.30.65.0
Q20.2-3.35.56.21.38.8 3.62.84.88.55.710.0
Q3-1.2-9.211.3-6.3-0.6-9.3 0.5-6.911.8-4.63.0-8.9
Q41.5-4.911.932.6-3.754.1 3.2-2.011.231.5-4.854.8
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
 TotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2010             
Q141,28524,78616,49433,77014,29219,497 42,24124,43517,85834,42414,47320,335
Q243,09326,17916,88436,01415,70720,331 44,18625,68518,35336,19914,96421,263
Q344,87027,16517,70637,49815,89221,212 45,66426,68019,11837,58715,26121,991
Q443,50825,12218,38437,85716,01621,871 44,70424,98719,70638,57715,52622,729
 172,757103,25269,468145,13961,90682,911 176,795101,78675,035146,78760,22386,318
2011             
Q144,25225,51818,73636,43114,59921,820 45,90425,82320,03637,26215,05222,614
Q243,90124,74819,11035,90515,26720,720 45,45024,99620,30237,60516,18121,450
Q344,39925,42119,08636,56814,61221,505 45,21825,27420,22938,00015,64721,998
Q444,65324,85519,67435,81115,14021,861 45,33024,55220,64637,54515,83922,196
 177,206100,54376,607144,71459,61885,906 181,902100,64681,212150,41362,71988,257
2012             
Q146,32525,54120,81838,83915,91622,583 46,24324,76821,44639,74717,13622,793
Q246,66125,29721,34539,86916,14523,778 46,55524,64721,75840,06316,09523,950
Q346,62225,20421,55038,60816,37522,945 45,47923,93721,88539,31816,81522,753
Q447,84325,74021,89439,84116,53323,263 47,85925,42522,21239,96816,66523,204
 187,450101,78185,607157,15764,97092,570 186,13798,77787,302159,09666,71292,699
2013             
Q146,59724,34622,42038,72716,21622,595 46,86023,65822,78339,17817,01822,473
Q248,42925,56122,81639,12916,09723,151 48,13325,43023,03739,98916,86523,130
Q348,06925,12923,06139,83315,97723,189 48,24525,27123,36840,53816,87123,057
Q447,76323,55023,93139,92115,78924,143 48,59524,02724,16940,84816,85624,024
 190,85798,58592,228157,60964,07993,079 191,83398,38693,357160,55367,61192,684
2014             
Q150,66526,52124,35742,59817,09425,906 51,43927,13124,56442,78417,16126,186
Q254,61728,72625,87744,59917,62726,960 54,85328,82125,81945,26118,00727,099
Q356,70329,39927,37148,41819,03428,689 56,84429,37627,78848,17018,80928,676
Q457,29729,61727,52849,81619,79029,811 56,30928,95826,94948,92719,47529,425
 219,283114,263105,133185,43273,546111,366 219,445114,286105,120185,14373,451111,387
2015             
Q176,70347,25329,12753,93720,13934,735 71,69643,28628,45051,76919,86332,885
Q277,25947,06530,25258,74320,79837,552 71,53142,01729,36455,33519,65535,226
Q380,27749,81330,74862,16921,31140,343 74,92445,77529,56059,10620,70637,785
Q482,40651,16831,31161,33122,53238,281 76,89846,58729,89559,05923,22935,678
 316,644195,299121,438236,18084,781150,911 295,049177,665117,269225,27083,452141,574
2016             
Q178,19646,65431,18154,37918,82736,338 74,18644,14829,46553,81220,36934,475
Q277,74245,73632,07262,52321,09740,919 73,58743,47430,89960,22020,80038,827
Q379,26045,34034,12558,76121,17836,689 75,33742,64832,84656,76421,33334,524
Q483,21048,31635,10880,99122,24358,722 79,05345,35033,32577,87622,47655,015
 318,410186,046132,485256,65583,346172,668 302,163175,621126,536248,67284,979162,841
Percentage change on previous quarter
2010             
Q16.25.96.00.23.3-2.4 0.2-1.83.3-6.5-3.7-5.2
Q24.45.62.46.69.94.3 4.65.12.85.23.44.6
Q34.13.84.94.11.24.3 3.33.94.23.82.03.4
Q4-3.0-7.53.81.00.83.1 -2.1-6.33.12.61.73.4
2011             
Q11.71.61.9-3.8-8.8-0.2 2.73.31.7-3.4-3.1-0.5
Q2-0.8-3.02.0-1.44.6-5.0 -1.0-3.21.30.97.5-5.1
Q31.12.7-0.11.8-4.33.8 -0.51.1-0.41.1-3.32.6
Q40.6-2.23.1-2.13.61.7 0.2-2.92.1-1.21.20.9
2012             
Q13.72.85.88.55.13.3 2.00.93.95.98.22.7
Q20.7-1.02.52.71.45.3 0.7-0.51.50.8-6.15.1
Q3-0.1-0.41.0-3.21.4-3.5 -2.3-2.90.6-1.94.5-5.0
Q42.62.11.63.21.01.4 5.26.21.51.7-0.92.0
2013             
Q1-2.6-5.42.4-2.8-1.9-2.9 -2.1-7.02.6-2.02.1-3.1
Q23.95.01.81.0-0.72.5 2.77.51.12.1-0.92.9
Q3-0.7-1.71.11.8-0.70.2 0.2-0.61.41.40.0-0.3
Q4-0.6-6.33.80.2-1.24.1 0.7-4.93.40.8-0.14.2
2014             
Q16.112.61.86.78.37.3 5.912.91.64.71.89.0
Q27.88.36.24.73.14.1 6.66.25.15.84.93.5
Q33.82.35.88.68.06.4 3.61.97.66.44.55.8
Q41.00.70.62.94.03.9 -0.9-1.4-3.01.63.52.6
2015             
Q133.959.55.88.31.816.5 27.349.55.65.82.011.8
Q20.7-0.43.98.93.38.1 -0.2-2.93.26.9-1.07.1
Q33.95.81.65.82.57.4 4.78.90.76.85.37.3
Q42.72.71.8-1.35.7-5.1 2.61.81.1-0.112.2-5.6
2016             
Q1-5.1-8.8-0.4-11.3-16.4-5.1 -3.5-5.2-1.4-8.9-12.3-3.4
Q2-0.6-2.02.915.012.112.6 -0.8-1.54.911.92.112.6
Q32.0-0.96.4-6.00.4-10.3 2.4-1.96.3-5.72.6-11.1
Q45.06.62.937.85.060.1 4.96.31.537.25.459.4
*Chain linked series not additive
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
PeriodIndustryof which Transportable Goods Industries and Utilities of which Building and Construction Industryof which Transportable Goods Industries and Utilities of which Building and Construction
2010       
Q112,55911,2141,370 12,18910,8301,433
Q211,88210,5581,387 11,43510,1081,458
Q311,52310,1671,473 11,62310,3471,402
Q411,0219,7341,391 11,80210,4451,321
2011       
Q111,90610,6581,233 11,56110,2901,314
Q212,37311,1271,179 11,80310,5771,240
Q311,53310,2891,262 11,62510,4401,191
Q410,7529,5701,221 11,57210,3331,149
2012       
Q112,03010,8901,018 11,72310,5411,104
Q212,15210,9881,051 11,55910,4401,106
Q311,1919,9991,194 11,23910,1021,119
Q410,1538,9571,297 10,9009,6231,213
2013       
Q111,30810,2061,055 11,0829,9591,162
Q211,49010,3201,134 11,0069,8501,191
Q310,9039,5671,354 10,8669,6081,259
Q49,7618,4181,396 10,3368,9371,304
2014       
Q111,43110,2401,174 11,32910,0921,307
Q212,63911,3111,311 12,27610,8981,374
Q311,56510,0891,493 11,42710,0631,379
Q410,8909,4811,427 11,2549,9111,336
2015       
Q120,49919,1951,304 20,61819,1161,464
Q220,90619,5541,352 20,73419,0281,413
Q323,33421,7811,553 22,78321,6231,427
Q422,40520,8251,580 22,60421,4311,485
2016       
Q120,98219,6301,351 21,44819,7271,521
Q221,53319,9961,538 21,64119,2791,603
Q323,06521,2551,810 22,39019,4061,658
Q423,67121,9191,752 23,49619,9831,653
 Percentage change on corresponding period of previous yearPercentage change on previous quarter
2010       
Q10.43.9-32.5 12.917.1-12.3
Q2-1.20.4-24.5 -6.2-6.71.7
Q35.79.0-19.4 1.62.4-3.9
Q48.011.3-18.2 1.50.9-5.8
2011       
Q1-5.2-5.0-10.0 -2.0-1.5-0.5
Q24.15.4-15.0 2.12.8-5.6
Q30.11.2-14.3 -1.5-1.3-4.0
Q4-2.4-1.7-12.3 -0.5-1.0-3.5
2012       
Q11.02.2-17.4 1.32.0-3.9
Q2-1.8-1.2-10.8 -1.4-1.00.2
Q3-3.0-2.8-5.4 -2.8-3.21.1
Q4-5.6-6.46.2 -3.0-4.78.5
2013       
Q1-6.0-6.33.6 1.73.5-4.2
Q2-5.4-6.17.8 -0.7-1.12.5
Q3-2.6-4.313.4 -1.3-2.55.7
Q4-3.9-6.07.6 -4.9-7.03.6
2014       
Q11.10.311.3 9.612.90.2
Q210.09.615.6 8.48.05.1
Q36.15.510.3 -6.9-7.70.4
Q411.612.62.3 -1.5-1.5-3.2
2015       
Q179.387.511.0 83.292.99.6
Q265.472.93.2 0.6-0.5-3.5
Q3101.8115.94.0 9.913.61.0
Q4105.7119.610.7 -0.8-0.94.1
2016       
Q12.42.33.7 -5.1-8.02.4
Q23.02.313.7 0.9-2.35.4
Q3-1.2-2.416.5 3.50.73.4
Q45.75.310.9 4.93.0-0.3
*Chain linked series not additive
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 
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
201083,74126,63129,482139,854-561139,293 88,74926,43630,632145,925-549145,178
201183,68426,62529,813140,122639140,761 87,82526,18731,668145,793613146,284
201284,20325,90134,178144,282859145,141 86,98425,11135,368147,446855148,197
201384,98325,55032,887143,420598144,018 86,27625,13433,468144,893574145,358
201487,76026,47939,572153,8122,827156,639 87,76026,47939,572153,8122,827156,639
201592,37726,98554,103173,4651,293174,758 91,70726,78452,494170,9851,219172,204
201696,09128,52577,795202,4101,928204,338 94,47428,21576,404199,0932,116201,209
2010             
Q120,5646,7467,34534,654-75733,897 21,8316,6427,55236,117-72535,230
Q220,4476,5358,07335,054-19934,855 21,7006,6888,37836,603-15036,401
Q320,6116,4796,12533,21533133,546 21,9486,4276,51434,90128235,216
Q422,1206,8737,93936,9316336,995 23,2716,6798,18838,3044338,332
 83,74126,63129,482139,854-561139,293 88,74926,43630,632145,925-549145,178
2011             
Q120,5286,6256,99234,145-6734,078 21,7636,6847,43335,740-12535,567
Q220,4536,6178,45735,52810135,629 21,5546,6048,95437,0537037,086
Q320,3426,7046,43733,48487634,359 21,3336,4376,81034,77383735,625
Q422,3616,6787,92736,966-27136,695 23,1756,4628,47038,227-16938,005
 83,68426,62529,813140,122639140,761 87,82526,18731,668145,793613146,284
2012             
Q120,2846,6068,22335,11311735,230 21,0796,3958,73736,23112636,325
Q220,3046,42911,22037,953-6937,883 21,0646,22811,45138,694-9838,541
Q320,8496,5067,18234,53669035,227 21,5746,3077,35935,26966435,946
Q422,7666,3617,55336,68012136,800 23,2686,1817,82037,25116437,385
 84,20325,90134,178144,282859145,141 86,98425,11135,368147,446855148,197
2013             
Q120,4736,2558,07834,80654535,350 20,9116,1688,37335,38358935,956
Q220,4356,4097,65234,49630134,797 20,8226,0247,80434,70934435,033
Q321,0836,4828,33735,90266936,571 21,4076,4098,43536,36065136,996
Q422,9936,4048,82038,217-91737,300 23,1366,5348,85638,442-1,01137,373
 84,98325,55032,887143,420598144,018 86,27625,13433,468144,893574145,358
2014             
Q121,0006,5919,36236,95374137,694 21,1726,5919,49737,34465037,993
Q221,1296,7579,22937,115-61936,496 21,1996,7579,24937,270-48736,722
Q321,7236,6449,98138,3491,38139,729 21,6776,6449,97738,2261,33339,591
Q423,9076,48810,99941,3941,32442,718 23,7126,48810,85040,9721,33242,333
 87,76026,47939,572153,8122,827156,639 87,76026,47939,572153,8122,827156,639
2015             
Q122,1176,85611,72640,70074141,441 22,1996,76811,62440,59073941,329
Q222,0936,75913,70242,55463543,18922,0396,71113,52642,27660042,876
Q323,0276,70014,27944,006-1,13642,87022,7556,63613,62343,014-1,20741,808
Q425,1396,67014,39646,2061,05347,25924,7146,66813,72245,1041,08746,191
 92,37726,98554,103173,4651,293174,75891,70726,78452,494170,9851,219172,204
2016            
Q123,6007,22311,32342,1461,26043,40623,4657,10011,19041,7541,33643,090
Q223,0207,14116,71546,876-83846,03822,6047,06016,55446,217-78045,438
Q323,9457,08413,13044,15978844,94823,3077,00812,65142,96679143,757
Q425,5257,07736,62769,22971869,94725,0987,04736,00968,15576968,924
 96,09128,52577,795202,4101,928204,33894,47428,21576,404199,0932,116201,209
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
Q30.1-10.1-20.8-6.5 -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 -0.30.6-1.6-1.0 1.0
Q20.01.34.81.3 2.2 -0.7-1.36.91.2 1.9
Q3-1.33.55.10.8 2.4 -2.80.24.5-0.4 1.2
Q41.1-2.8-0.10.1 -0.8 -0.4-3.33.4-0.2 -0.9
2012             
Q1-1.2-0.317.62.8 3.4 -3.1-4.317.51.4 2.1
Q2-0.7-2.832.76.8 6.3 -2.3-5.727.94.4 3.9
Q32.5-3.011.63.1 2.5 1.1-2.08.11.4 0.9
Q41.8-4.8-4.7-0.8 0.3 0.4-4.4-7.7-2.6 -1.6
2013             
Q10.9-5.3-1.8-0.9 0.3 -0.8-3.6-4.2-2.3 -1.0
Q20.6-0.3-31.8-9.1 -8.1 -1.2-3.3-31.9-10.3 -9.1
Q31.1-0.416.14.0 3.8 -0.81.614.63.1 2.9
Q41.00.716.84.2 1.4 -0.65.713.23.2 -0.0
2014             
Q12.65.415.96.2 6.6 1.26.913.45.5 5.7
Q23.45.420.67.6 4.9 1.812.218.57.4 4.8
Q33.02.519.76.8 8.6 1.33.718.35.1 7.0
Q44.01.324.78.3 14.5 2.5-0.722.56.6 13.3
2015             
Q15.34.025.310.1 9.9 4.92.722.48.7 8.8
Q24.60.048.514.7 18.3 4.0-0.746.213.4 16.8
Q36.00.843.114.8 7.9 5.0-0.136.512.5 5.6
Q45.22.830.911.6 10.6 4.22.826.510.1 9.1
2016             
Q16.75.4-3.43.6 4.7 5.74.9-3.72.9 4.3
Q24.25.722.010.2 6.6 2.65.222.49.3 6.0
Q34.05.7-8.00.3 4.8 2.45.6-7.1-0.1 4.7
Q41.56.1154.449.8 48.0 1.65.7162.451.1 49.2
*Chain linked series not additive    
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
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 stockTotal 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 stockTotal Domestic Demand
2010             
Q120,8636,7497,28335,135-59934,505 22,1636,6857,43736,433-54435,854
Q220,9546,6087,68735,139-29134,965 22,2756,6998,00536,691-27936,239
Q321,0206,4936,78934,45018934,496 22,2616,5197,18536,1227036,169
Q420,8296,7937,62235,09112335,203 22,0186,5667,91236,62321836,781
2011             
Q120,9176,6276,95134,6844634,680 22,2306,6877,33136,146-2636,245
Q221,0096,6808,11335,67616835,941 22,0756,6298,61537,22411837,010
Q320,7086,6847,06534,65063035,113 21,6296,4897,45335,89748736,413
Q420,9756,6567,64735,284-21935,484 22,0026,4108,18236,6614137,127
2012             
Q120,7436,6048,06035,19916735,222 21,3026,3678,61836,19911436,339
Q220,8996,45810,92638,24213838,439 21,6396,26511,15339,05313538,678
Q321,1896,4707,76935,71442536,333 22,0056,3177,90336,38327137,194
Q421,2986,4007,29135,03612035,155 21,9026,1907,58235,58634035,970
2013             
Q120,9736,2417,97435,11549535,768 21,2756,1138,27835,79942436,381
Q221,0916,3907,55834,93268635,422 21,5736,0517,66435,08581135,316
Q321,3776,4588,94236,85938337,271 21,6976,4079,04137,46825737,927
Q421,4996,5058,41336,665-96835,489 21,7266,5938,41536,491-94035,624
2014             
Q121,5056,5369,26437,01159238,200 21,6726,5139,55137,85937938,407
Q221,8706,6989,16537,707-9437,002 21,8516,7519,06537,62115037,048
Q321,9786,64910,95339,5101,12040,990 21,9726,66011,01839,9251,00141,334
Q422,3746,64110,13239,7101,20740,195 22,2756,5879,78838,2941,27939,558
2015             
Q122,6136,73911,75740,49149342,191 22,6076,65812,06641,36736041,896
Q222,9206,68813,52243,3011,31543,479 22,7976,67813,11742,4711,40843,191
Q323,2536,73816,40545,715-1,40644,997 23,0576,68215,90145,870-1,47544,719
Q423,5676,85412,64944,12288043,826 23,2686,78811,61341,34087542,128
2016             
Q124,0827,05211,43741,29496543,856 23,5166,96512,05942,29393743,296
Q223,9167,06816,33447,632-7745,938 23,4527,01315,85046,22311645,601
Q324,1527,14715,80346,32852448,003 23,6217,07415,61946,74858447,898
Q423,9637,28131,14766,03150664,950 23,7867,17229,00561,65144462,552
Percentage change on previous quarter       
2010             
Q1-0.6-7.9-16.0-4.6 -4.9 1.1-3.5-16.6-3.7 -3.9
Q20.4-2.15.50.0 1.3 0.50.27.60.7 1.1
Q30.3-1.7-11.7-2.0 -1.3 -0.1-2.7-10.2-1.6 -0.2
Q4-0.94.612.31.9 2.0 -1.10.710.11.4 1.7
2011             
Q10.4-2.5-8.8-1.2 -1.5 1.01.8-7.3-1.3 -1.5
Q20.40.816.72.9 3.6 -0.7-0.917.53.0 2.1
Q3-1.40.1-12.9-2.9 -2.3 -2.0-2.1-13.5-3.6 -1.6
Q41.3-0.48.31.8 1.1 1.7-1.29.82.1 2.0
2012             
Q1-1.1-0.85.4-0.2 -0.7 -3.2-0.75.3-1.3 -2.1
Q20.7-2.235.68.6 9.1 1.6-1.629.47.9 6.4
Q31.40.2-28.9-6.6 -5.5 1.70.8-29.1-6.8 -3.8
Q40.5-1.1-6.2-1.9 -3.2 -0.5-2.0-4.1-2.2 -3.3
2013             
Q1-1.5-2.59.40.2 1.7 -2.9-1.29.20.6 1.1
Q20.62.4-5.2-0.5 -1.0 1.4-1.0-7.4-2.0 -2.9
Q31.41.118.35.5 5.2 0.65.918.06.8 7.4
Q40.60.7-5.9-0.5 -4.8 0.12.9-6.9-2.6 -6.1
2014             
Q10.00.510.10.9 7.6 -0.2-1.213.53.7 7.8
Q21.72.5-1.11.9 -3.1 0.83.7-5.1-0.6 -3.5
Q30.5-0.719.54.8 10.8 0.6-1.321.56.1 11.6
Q41.8-0.1-7.50.5 -1.9 1.4-1.1-11.2-4.1 -4.3
2015             
Q11.11.516.02.0 5.0 1.51.123.38.0 5.9
Q21.4-0.815.06.9 3.1 0.80.38.72.7 3.1
Q31.50.721.35.6 3.5 1.10.121.28.0 3.5
Q41.41.7-22.9-3.5 -2.6 0.91.6-27.0-9.9 -5.8
2016             
Q12.22.9-9.6-6.4 0.1 1.12.63.82.3 2.8
Q2-0.70.242.815.3 4.7 -0.30.731.49.3 5.3
Q31.01.1-3.3-2.7 4.5 0.70.9-1.51.1 5.0
Q4-0.81.997.142.5 35.3 0.71.485.731.9 30.6
*Chain linked series not additive    
Annex 4A 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
20102,5802,2255,9704449,6125,5248,65029,482
20111,9191,9305,15335610,8926,1019,56329,813
20121,5681,4745,97235213,1168,86111,69634,178
20131,6011,6657,06050112,3566,1069,70432,887
20142,1551,9087,67074615,6207,67011,47339,572
20152,7431,8228,88479616,3656,19623,49554,103
20163,5671,93310,103929n/a1n/a1n/a177,795
2010        
Q17485731,3621012,5591,2892,0027,345
Q26175491,4761063,5832,4071,7428,073
Q36975661,4541151,3845241,9106,125
Q45195381,6801222,0851,3052,9967,939
 2,5802,2255,9704449,6125,5248,65029,482
2011        
Q15945761,013722,5161,0822,2216,992
Q24905121,1761133,9142,7422,2528,457
Q34904361,454721,8097912,1776,437
Q43454071,5101002,6531,4862,9137,927
 1,9191,9305,15335610,8926,1019,56329,813
2012        
Q13883531,173794,0432,7902,1888,223
Q24043631,234774,0683,0205,07411,220
Q34263881,657822,6161,6032,0147,182
Q43503701,9081142,3901,4472,4207,553
 1,5681,4745,97235213,1168,86111,69634,178
2013        
Q13663701,3221023,8792,4182,0398,078
Q24003961,5501103,0251,6482,1727,652
Q34214142,0391282,6951,1142,6408,337
Q44144862,1501612,7589262,8538,820
 1,6011,6657,06050112,3566,1069,70432,887
2014        
Q14434801,4761464,0581,8402,7599,362
Q25544961,8111513,3711,7662,8469,229
Q36404892,1042014,0801,9082,4689,981
Q45184432,2792484,1112,1563,39910,999
 2,1551,9087,67074615,6207,67011,47339,572
2015        
Q16134571,7102154,2991,3964,43211,726
Q26664412,0211804,1561,7386,23913,702
Q37884532,4201833,3998767,03614,279
Q46774712,7322184,5112,1865,78714,396
 2,7431,8228,88479616,3656,19623,49554,103
2016        
Q17514771,7842154,6741,9653,42111,323
Q29255002,3122173,7181,3809,04316,715
Q39884982,9272554,9402,2463,52213,130
Q49034583,080242n/a1n/a1n/a136,627
 3,5671,93310,103929n/a1n/a1n/a177,795
Percentage change on corresponding period of previous year
2010-43.6-26.4-32.5-30.2-6.4-6.51.0-17.9
2011-25.6-13.3-13.7-19.813.310.410.61.1
2012-18.3-23.615.9-1.420.445.222.314.6
20132.113.018.242.4-5.8-31.1-17.0-3.8
201434.614.68.649.026.425.618.220.3
201527.3-4.515.86.74.8-19.2104.836.7
201630.16.113.716.8n/a1n/a1n/a143.8
2010        
Q1-53.6-38.2-34.9-57.2-14.3-16.85.2-24.7
Q2-45.0-32.3-33.0-29.411.819.0-11.4-14.6
Q3-37.4-14.3-33.8-16.4-37.3-58.234.4-20.8
Q4-28.8-14.2-28.67.811.320.5-8.4-11.5
2011        
Q1-20.60.4-25.6-28.6-1.7-16.011.0-4.8
Q2-20.6-6.6-20.36.49.213.929.24.8
Q3-29.6-23.00.0-37.830.751.014.05.1
Q4-33.6-24.4-10.1-18.127.313.9-2.8-0.1
2012        
Q1-34.7-38.615.89.460.6157.9-1.517.6
Q2-17.6-29.24.9-31.83.910.2125.432.7
Q3-13.2-10.914.013.544.6102.6-7.511.6
Q41.5-9.026.414.4-9.9-2.6-16.9-4.7
2013        
Q1-5.64.612.729.7-4.0-13.4-6.8-1.8
Q2-0.99.125.642.3-25.6-45.4-57.2-31.8
Q3-1.16.823.057.23.0-30.531.116.1
Q418.231.212.740.715.4-36.017.916.8
2014        
Q121.029.811.742.74.6-23.935.315.9
Q238.525.316.837.811.57.131.120.6
Q351.918.13.256.651.471.3-6.519.7
Q425.3-8.76.054.649.1132.819.124.7
2015        
Q138.4-4.715.947.25.9-24.160.625.3
Q220.1-11.211.619.323.3-1.6119.248.5
Q323.1-7.515.0-9.0-16.7-54.1185.143.1
Q430.56.319.9-12.19.71.470.330.9
2016        
Q122.64.54.30.48.740.8-22.8-3.4
Q238.913.514.420.2-10.5-20.645.022.0
Q325.59.920.939.645.3156.3-49.9-8.0
Q433.4-2.812.711.1n/a1n/a1n/a1154.4
1 Machinery and equipment and Intangible assets are suppressed for Q4 2016 and the annual 2016 for confidentiality reasons
Annex 4B Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2014)* - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther building and constructionTransfer costsMachinery and equipmentof which Other Transport EquipmentIntangible assetsGross domestic fixed capital formation
20102,9182,4646,6102499,8385,5868,77830,632
20112,1342,1395,71131111,3136,27510,04031,668
20121,7211,5886,43439213,4228,98711,69635,368
20131,7061,7447,39254912,5806,1149,52233,468
20142,1551,9087,67074615,6207,67011,47339,572
20152,5471,7288,42873016,0836,08122,97752,494
20163,2511,8389,388801n/a1n/a1n/a176,404
2010        
Q18536131,470542,6001,2912,0347,552
Q27026061,633593,6822,4361,7608,378
Q37796761,689661,4165321,9436,514
Q45845691,819712,1401,3273,0418,188
 2,9182,4646,6102499,8385,5868,77830,632
2011        
Q16346591,150592,6161,1152,3347,433
Q25455541,290964,0702,8212,3578,954
Q35594711,589631,8768132,2876,810
Q43954551,682932,7521,5263,0638,470
 2,1342,1395,71131111,3136,27510,04031,668
2012        
Q14354001,316874,1662,8522,2848,737
Q24304081,372874,1533,0604,92411,451
Q34663901,715922,6681,6182,0347,359
Q43913902,0311272,4341,4572,4547,820
 1,7211,5886,43439213,4228,98711,69635,368
2013        
Q13954191,4661163,9432,4232,0248,373
Q24344141,6311243,0771,6492,1317,804
Q34414272,1171402,7461,1152,5808,435
Q44364842,1791702,8149282,7878,856
 1,7061,7447,39254912,5806,1149,52233,468
2014        
Q14654981,5261584,0711,8432,7689,497
Q25634891,8081583,3791,7662,8479,249
Q36355012,1371984,0721,9062,4619,977
Q44924212,1982324,0982,1543,39710,850
 2,1551,9087,67074615,6207,67011,47339,572
2015        
Q16004481,6712034,2471,3784,45611,624
Q26334211,9321694,0981,7086,27313,526
Q37234302,3001663,3318576,67213,623
Q45924292,5251934,4082,1385,57613,722
 2,5471,7288,42873016,0836,08122,97752,494
2016        
Q16844681,8381904,5662,3743,44411,190
Q28264792,1321903,6311,6669,29616,554
Q39154742,6802184,8362,7083,52812,651
Q48254172,738203n/a1n/a1n/a136,009
 3,2511,8389,388801n/a1n/a1n/a176,404
Percentage change on corresponding period of previous year    
2010-42.2-20.0-26.6-23.5-5.1-4.62.2-14.9
2011-26.9-13.2-13.624.915.012.314.43.4
2012-19.3-25.812.725.918.643.216.511.7
2013-0.99.814.940.1-6.3-32.0-18.6-5.4
201426.39.53.835.824.225.420.518.2
201518.2-9.49.9-2.13.0-20.7100.332.7
201627.66.311.49.7n/a1n/a1n/a145.5
2010        
Q1-49.3-33.9-28.5-51.7-13.3-15.910.4-21.1
Q2-43.3-25.9-25.9-21.513.921.5-8.7-10.3
Q3-38.7-0.8-25.6-13.1-36.6-57.234.6-18.0
Q4-31.9-12.8-26.611.512.623.8-9.9-10.6
2011        
Q1-25.77.4-21.78.30.6-13.614.7-1.6
Q2-22.4-8.5-21.064.310.515.833.96.9
Q3-28.2-30.3-5.9-3.232.553.017.74.5
Q4-32.3-19.9-7.531.028.615.00.73.4
2012        
Q1-31.4-39.314.447.659.3155.7-2.117.5
Q2-21.2-26.36.4-10.12.18.5108.927.9
Q3-16.8-17.27.944.342.299.0-11.18.1
Q4-1.2-14.420.836.6-11.5-4.5-19.9-7.7
2013        
Q1-9.24.711.433.5-5.4-15.1-11.4-4.2
Q21.01.318.942.8-25.9-46.1-56.7-31.9
Q3-5.29.323.453.22.9-31.126.814.6
Q411.524.37.333.415.6-36.313.613.2
2014        
Q117.718.94.136.43.3-23.936.713.4
Q229.818.310.928.29.87.133.618.5
Q344.017.31.040.848.371.0-4.618.3
Q412.9-13.20.936.945.6132.321.922.5
2015        
Q128.9-10.09.528.84.3-25.361.022.4
Q212.4-14.06.96.421.3-3.3120.346.2
Q313.8-14.07.6-15.9-18.2-55.0171.136.5
Q420.32.014.9-17.17.6-0.864.226.5
2016        
Q114.04.610.0-6.37.572.3-22.7-3.7
Q230.613.610.312.9-11.4-2.548.222.4
Q326.610.016.531.345.2215.9-47.1-7.1
Q439.4-2.78.45.1n/a1n/a1n/a1162.4
*Chain linked series not additive
1 Machinery and equipment and Intangible assets are suppressed for Q4 2016 and the annual 2016 for confidentiality reasons
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
PeriodAll building and construction (including dwellings, improvements, other B&C and transfer costs)**Machinery and equipmentIntangible assetsGross domestic fixed capital formation All building and construction (including dwellings, improvements, other B&C and transfer costs)**Machinery and equipmentIntangible assetsGross domestic fixed capital formation
2010         
Q13,0402,0912,0357,283 3,1232,1312,0967,437
Q22,8942,9401,8857,687 3,1143,0021,9178,005
Q32,6681,8602,0916,789 2,9631,9032,1207,185
Q42,6162,5122,5217,622 2,7622,5872,5257,912
2011         
Q12,5142,0762,3146,951 2,6582,1632,4507,331
Q22,4143,2942,4008,113 2,5433,4072,5498,615
Q32,2912,3582,3457,065 2,4492,4502,4797,453
Q42,1993,0882,4767,647 2,3773,2082,5198,182
2012         
Q12,2223,3742,3288,060 2,3463,4872,4808,618
Q22,1873,5675,32210,926 2,3563,6265,27111,153
Q32,4263,2712,1137,769 2,4393,3432,1617,903
Q42,4842,6792,0927,291 2,5672,7272,0067,582
2013         
Q12,4863,2572,2167,974 2,5693,3192,2948,278
Q22,5782,8302,2617,558 2,6302,8712,2677,664
Q32,7663,1752,6928,942 2,7533,2392,6729,041
Q42,9082,9822,4738,413 2,8333,0372,2418,415
2014         
Q12,9573,4483,0989,264 2,8383,4673,3329,551
Q23,1503,3642,9669,165 3,0083,3693,0229,065
Q33,1524,5492,46710,953 3,0034,5432,49211,018
Q43,1634,2902,89110,132 2,8614,2632,6629,788
2015         
Q13,5093,7245,18211,757 3,1173,6885,71912,066
Q23,4394,3666,53713,522 3,1194,3086,66313,117
Q33,5233,6297,00616,405 3,1583,5556,71515,901
Q43,7234,5654,75612,649 3,2774,4474,20911,613
2016         
Q13,7284,1574,17511,437 3,3814,0724,72212,059
Q24,0943,9879,55116,334 3,5733,8959,89115,850
Q34,2785,2023,51715,803 3,7115,0903,53915,619
Q44,365n/a1n/a131,147 3,778n/a1n/a129,005
Percentage change on previous quarter
2010         
Q1-14.1-9.4-26.4-16.0 -15.8-9.4-25.8-16.6
Q2-4.840.6-7.45.5 -0.340.9-8.57.6
Q3-7.8-36.710.9-11.7 -4.8-36.610.6-10.2
Q4-1.935.120.612.3 -6.835.919.110.1
2011         
Q1-3.9-17.4-8.2-8.8 -3.8-16.4-3.0-7.3
Q2-4.058.73.716.7 -4.357.54.017.5
Q3-5.1-28.4-2.3-12.9 -3.7-28.1-2.7-13.5
Q4-4.030.95.68.3 -2.930.91.69.8
2012         
Q11.09.3-6.05.4 -1.38.7-1.55.3
Q2-1.65.7128.635.6 0.44.0112.529.4
Q311.0-8.3-60.3-28.9 3.5-7.8-59.0-29.1
Q42.4-18.1-1.0-6.2 5.2-18.4-7.2-4.1
2013         
Q10.121.66.09.4 0.121.714.49.2
Q23.7-13.12.0-5.2 2.4-13.5-1.2-7.4
Q37.312.219.118.3 4.712.817.918.0
Q45.1-6.1-8.2-5.9 2.9-6.2-16.1-6.9
2014         
Q11.715.625.310.1 0.214.248.713.5
Q26.5-2.4-4.3-1.1 6.0-2.8-9.3-5.1
Q30.135.2-16.819.5 -0.234.8-17.521.5
Q40.3-5.717.2-7.5 -4.7-6.26.8-11.2
2015         
Q111.0-13.279.216.0 8.9-13.5114.823.3
Q2-2.017.226.215.0 0.116.816.58.7
Q32.4-16.97.221.3 1.3-17.50.821.2
Q45.725.8-32.1-22.9 3.825.1-37.3-27.0
2016         
Q10.2-8.9-12.2-9.6 3.2-8.412.23.8
Q29.8-4.1128.842.8 5.7-4.3109.531.4
Q34.530.5-63.2-3.3 3.930.7-64.2-1.5
Q42.0n/a1n/a197.1 1.8n/a1n/a185.7
*Chain linked series not additive
**The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
1 Machinery and equipment and Intangible assets are suppressed for Q4 2016 and the annual 2016 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 4 of 2016 and preliminary results for the year 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

Minor revisions have been made to the previously published figures for 2016.

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 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.

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 prices covers 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 Q4 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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