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Quarterly National Accounts Quarter 1 2023 Final

GDP - Expenditure

Personal Consumption Expenditure increased by 0.1% in Q1 2023

Online ISSN: 2009-5775

CSO statistical publication, 14 July 2023, 11am

Table 3.1 Expenditure Components of GDP¹, Q1 2023²
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	31,899	0.1
Net Expenditure by Central and Local Government on Current Goods and Services	11,022	-4.9
Gross Domestic Fixed Capital Formation	22,750	-16.5
Net Exports	48,336
Exports of Goods and Services	166,835	-1.5
Less Imports of Goods and Services	-118,499	-2.9
Gross Domestic Product	117,504	-2.8
¹Series not additive, Value of Physical Changes in Stocks not shown on table (see Table 3.5 for full detail).
²Constant Market Prices, chain linked annually and referenced to year 2021 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.1 (XLS 11KB)

On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €1.8 billion in Q1 compared with the previous quarter and accounted for 37.2% of total domestic demand in Q1 2023.

Personal Consumption Expenditure grew by 0.1% in Q1 2023 compared to Q4 2022, while Government expenditure decreased by 4.9% over the same period. There was an overall decrease in real GDP of 2.8%.

	Personal Consumption Expenditure	Government Expenditure	Gross Fixed Capital Formation	Value of Physical Changes in Stocks	Net Exports	GDP
Q1 2020	27.955362199	9.5649265183	79.110630016	1.87664893	-23.94533625	94.281600006
Q2 2020	23.802953778	10.676792518	18.364051599	1.156109721	34.82959191	88.864858544
Q3 2020	26.947964382	10.698912591	25.371926326	0.385496176	38.352464041	99.528911229
Q4 2020	26.347256406	10.875449867	38.062942928	0.064987982	18.16939694	95.377209604
Q1 2021	25.304457726	11.214936275	18.555260038	2.123849609	49.383598433	105.41991071
Q2 2021	28.748461893	11.156716032	20.028131814	0.057479563	48.967934891	108.20529519
Q3 2021	29.690896446	10.875690884	19.371585689	3.135794617	48.369416914	110.99211319
Q4 2021	29.988554918	11.182213338	38.842746989	-0.109560588	27.46044531	109.04625036
Q1 2022	30.224247637	11.253840124	21.444916573	1.567177034	51.48529319	115.18811861
Q2 2022	31.138762874	11.463146781	25.572063396	3.869218013	46.91127054	118.06835164
Q3 2022	31.408047808	11.69389677	27.788460775	4.198407753	45.06525046	120.93679304
Q4 2022	31.8695444	11.592089979	27.242855721	-0.011131847	47.36065952	120.87713939
Q1 2023	31.898514692	11.021630497	22.749806215	2.677643374	48.33603575	117.50388116

Get the data: NAQ04

	Building & Construction	Machinery & Equipment	Intangibles	Machinery & Equipment + Intangibles	Gross Domestic Fixed Capital Formation
Q1 2020	7.4539538237	0	0	71.6566761923	79.110630016
Q2 2020	4.9862920849	0	0	13.3777595141	18.364051599
Q3 2020	6.4371858188	5.2864545656	13.648285941	0	25.371926326
Q4 2020	7.019384547	5.4567022692	25.586856112	0	38.062942928
Q1 2021	5.6538040233	5.2966450841	7.6048109308	0	18.555260038
Q2 2021	6.3951816227	5.523357967	8.1095922247	0	20.028131814
Q3 2021	6.2507162618	4.3694680204	8.7514014072	0	19.371585689
Q4 2021	6.8666523443	5.3617200545	26.61437459	0	38.842746989
Q1 2022	6.5145975646	5.8641217101	9.0661972986	0	21.444916573
Q2 2022	6.6972881191	7.4480047636	11.426770513	0	25.572063396
Q3 2022	6.600113145	7.1186870788	14.069660552	0	27.788460775
Q4 2022	6.3526249668	6.7376055553	14.152625199	0	27.242855721
Q1 2023	6.8581476743	6.8171727891	9.0744857516	0	22.749806215

Get the data: NAQ04

Comparisons with Q1 2022

On the expenditure side of the accounts (Table 3.3), Capital Investment increased by 11.2%. Personal Consumption showed an increase of 5.1% while Government expenditure fell by 2.7% over the same period. Exports of Goods and Services increased by 5.7% (or €8.7 billion) in Q1 2023 compared with the same quarter of 2022. Imports of Goods and Services grew by 10.9% (or €11.1 billion) over the same period. Net Exports therefore decreased by 5.0% (or €2.4 billion) over the period year-on-year.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

Table 3.2 Expenditure on Gross National Product at Current Market Prices										€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	Statistical Discrepancy	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2017	100,682	31,132	98,644	4,805	360,344	-294,747	-2,331	298,528	-62,039	236,489
2018	106,821	33,009	92,977	919	401,053	-307,985	648	327,441	-74,463	252,978
2019	111,572	36,192	193,410	1,784	456,153	-443,633	880	356,357	-80,774	275,584
2020	101,440	40,904	157,894	3,687	498,854	-428,237	708	375,250	-92,332	282,917
2021	114,120	44,490	96,941	5,545	580,522	-406,573	-975	434,070	-110,756	323,314
2022	132,927	48,826	109,525	10,543	694,051	-492,003	2,414	506,282	-143,407	362,876

2017
Q1	24,419	7,484	15,252	363	84,452	-62,692	881	70,158	-15,405	54,753
Q2	24,074	7,662	53,091	1,465	86,916	-101,135	-1,759	70,314	-16,587	53,727
Q3	25,144	7,939	14,210	2,549	89,125	-60,230	-1,747	76,990	-14,089	62,901
Q4	27,045	8,047	16,092	428	99,851	-70,691	294	81,067	-15,958	65,109
2018
Q1	25,671	8,031	15,504	1,861	91,974	-62,861	-785	79,395	-18,325	61,070
Q2	25,840	8,204	17,327	302	98,657	-70,602	-976	78,752	-17,522	61,230
Q3	26,838	8,494	19,383	12	100,917	-72,332	656	83,969	-17,821	66,148
Q4	28,472	8,279	40,763	-1,256	109,506	-102,191	1,753	85,325	-20,795	64,530
2019
Q1	26,923	8,753	17,708	1,035	106,896	-76,011	62	85,367	-19,885	65,482
Q2	27,130	9,010	60,913	-320	110,225	-121,872	-142	84,945	-21,364	63,581
Q3	27,909	9,221	21,832	1,174	115,276	-82,747	-656	92,009	-20,281	71,728
Q4	29,610	9,209	92,956	-106	123,756	-163,004	1,615	94,036	-19,244	74,792
2020
Q1	26,021	9,329	78,967	2,087	118,762	-142,369	1,141	93,938	-22,131	71,807
Q2	22,030	10,309	17,063	1,098	113,762	-78,986	-145	85,130	-21,533	63,597
Q3	26,316	10,374	23,885	405	121,362	-81,225	-977	100,140	-28,321	71,819
Q4	27,072	10,893	37,979	97	144,968	-125,657	690	96,042	-20,348	75,694
2021
Q1	23,728	10,663	17,568	2,289	131,923	-83,733	511	102,949	-30,196	72,753
Q2	27,599	11,151	19,455	185	139,717	-93,683	-1,286	103,138	-28,583	74,555
Q3	30,261	11,327	20,158	3,148	147,042	-95,889	-1,000	115,049	-28,442	86,607
Q4	32,531	11,348	39,760	-77	161,840	-133,268	799	112,934	-23,535	89,399
2022
Q1	29,696	11,699	21,834	1,710	156,827	-103,600	488	118,655	-36,220	82,435
Q2	31,804	11,986	26,760	4,110	168,526	-119,344	-1,803	122,039	-34,144	87,895
Q3	33,985	12,068	29,926	4,669	181,459	-129,893	1,808	134,023	-41,075	92,948
Q4	37,441	13,073	31,005	53	187,240	-139,166	1,921	131,565	-31,967	99,598
2023
Q1	33,420	11,938	24,293	2,803	172,171	-117,003	-687	126,936	-40,635	86,300

Percentage change on corresponding period of previous year
2017	4.3	5.9	1.9		9.6	2.9		10.7		8.0
2018	6.1	6.0	-5.7		11.3	4.5		9.7		7.0
2019	4.4	9.6	108.0		13.7	44.0		8.8		8.9
2020	-9.1	13.0	-18.4		9.4	-3.5		5.3		2.7
2021	12.5	8.8	-38.6		16.4	-5.1		15.7		14.3
2022	16.5	9.7	13.0		19.6	21.0		16.6		12.2

2017
Q1	3.2	4.1	-19.9		7.1	-5.2		9.3		3.4
Q2	3.9	5.7	118.0		8.3	39.1		10.9		3.5
Q3	5.4	6.6	-37.5		7.9	-12.3		13.4		18.0
Q4	4.8	7.3	-47.5		14.6	-10.6		9.3		7.2
2018
Q1	5.1	7.3	1.7		8.9	0.3		13.2		11.5
Q2	7.3	7.1	-67.4		13.5	-30.2		12.0		14.0
Q3	6.7	7.0	36.4		13.2	20.1		9.1		5.2
Q4	5.3	2.9	153.3		9.7	44.6		5.3		-0.9
2019
Q1	4.9	9.0	14.2		16.2	20.9		7.5		7.2
Q2	5.0	9.8	251.5		11.7	72.6		7.9		3.8
Q3	4.0	8.5	12.6		14.2	14.4		9.6		8.4
Q4	4.0	11.2	128.0		13.0	59.5		10.2		15.9
2020
Q1	-3.3	6.6	345.9		11.1	87.3		10.0		9.7
Q2	-18.8	14.4	-72.0		3.2	-35.2		0.2		0.0
Q3	-5.7	12.5	9.4		5.3	-1.8		8.8		0.1
Q4	-8.6	18.3	-59.1		17.1	-22.9		2.1		1.2
2021
Q1	-8.8	14.3	-77.8		11.1	-41.2		9.6		1.3
Q2	25.3	8.2	14.0		22.8	18.6		21.2		17.2
Q3	15.0	9.2	-15.6		21.2	18.1		14.9		20.6
Q4	20.2	4.2	4.7		11.6	6.1		17.6		18.1
2022
Q1	25.2	9.7	24.3		18.9	23.7		15.3		13.3
Q2	15.2	7.5	37.5		20.6	27.4		18.3		17.9
Q3	12.3	6.5	48.5		23.4	35.5		16.5		7.3
Q4	15.1	15.2	-22.0		15.7	4.4		16.5		11.4
2023
Q1	12.5	2.0	11.3		9.8	12.9		7.0		4.7

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.2 (XLS 20KB)

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Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2021)¹

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2021)¹									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2017	109,245	33,692	105,710	4,090	368,205	-306,720	309,622	-63,657	246,086
2018	113,866	35,225	97,068	814	404,306	-314,286	335,848	-75,170	260,722
2019	116,826	37,513	194,807	1,638	452,208	-447,303	353,640	-79,735	273,940
2020	105,236	41,863	162,652	3,645	504,350	-439,571	377,041	-93,242	283,779
2021	114,120	44,490	96,941	5,545	580,522	-406,573	434,070	-110,756	323,314
2022	124,827	46,062	101,867	10,042	661,345	-471,222	475,016	-139,112	335,903

2017
Q1	26,731	8,187	16,484	312	84,398	-64,558	72,391	-15,481	56,921
Q2	26,017	8,274	57,183	1,243	87,395	-104,987	72,813	-16,770	56,019
Q3	27,195	8,565	15,184	2,165	91,207	-62,694	80,379	-14,499	65,972
Q4	29,303	8,667	16,859	370	105,205	-74,481	84,038	-16,908	67,174
2018
Q1	27,656	8,482	16,226	1,578	92,422	-65,034	80,698	-18,439	62,264
Q2	27,486	8,793	18,024	278	99,984	-72,673	81,968	-17,782	64,205
Q3	28,448	9,091	20,133	51	100,854	-72,515	86,184	-17,834	68,383
Q4	30,276	8,858	42,685	-1,093	111,046	-104,065	86,999	-21,116	65,872
2019
Q1	28,411	9,143	18,365	954	104,876	-76,974	84,152	-19,431	64,719
Q2	28,327	9,274	62,019	-236	109,826	-123,586	85,519	-21,202	64,285
Q3	29,146	9,673	22,166	1,039	113,869	-84,156	91,617	-19,953	71,688
Q4	30,942	9,423	92,256	-119	123,637	-162,587	92,353	-19,149	73,248
2020
Q1	26,920	9,442	79,330	1,917	116,820	-144,206	91,174	-21,713	69,462
Q2	22,963	10,637	17,549	1,196	115,237	-79,936	87,211	-21,755	65,450
Q3	27,224	10,738	25,217	426	125,650	-83,916	102,015	-29,245	72,737
Q4	28,129	11,046	40,557	105	146,643	-131,513	96,642	-20,530	76,130
2021
Q1	24,125	11,031	17,545	2,208	131,918	-84,206	102,811	-30,136	72,702
Q2	27,810	11,128	19,225	142	143,586	-94,222	106,156	-29,316	76,855
Q3	30,084	10,875	19,470	3,220	146,895	-94,911	114,646	-28,357	86,283
Q4	32,101	11,456	40,701	-25	158,123	-133,235	110,456	-22,947	87,473
2022
Q1	28,609	10,986	20,430	1,672	150,995	-102,095	111,842	-35,471	76,371
Q2	30,197	11,439	25,042	3,974	162,274	-115,070	116,024	-33,443	82,581
Q3	31,841	11,698	27,979	4,303	172,324	-122,622	125,385	-39,677	85,708
Q4	34,180	11,939	28,417	93	175,752	-131,435	121,765	-30,521	91,244
2023
Q1	30,057	10,694	21,794	2,782	159,660	-113,205	114,297	-38,319	75,978

Percentage change on corresponding period of previous year
2017	2.8	3.8	-0.7		9.6	1.2	9.3		6.4
2018	4.2	4.5	-8.2		9.8	2.5	8.5		5.9
2019	2.6	6.5	100.7		11.8	42.3	5.3		5.1
2020	-9.9	11.6	-16.5		11.5	-1.7	6.6		3.6
2021	8.4	6.3	-40.4		15.1	-7.5	15.1		13.9
2022	9.4	3.5	5.1		13.9	15.9	9.4		3.9

2017
Q1	2.0	3.3	-21.5		5.1	-9.3	7.2		1.3
Q2	2.4	3.4	110.3		5.6	36.2	8.2		1.0
Q3	4.1	4.7	-39.9		8.2	-13.4	14.6		19.7
Q4	2.8	3.7	-48.9		18.9	-9.7	7.4		3.9
2018
Q1	3.5	3.6	-1.6		9.5	0.7	11.5		9.4
Q2	5.6	6.3	-68.5		14.4	-30.8	12.6		14.6
Q3	4.6	6.2	32.6		10.6	15.7	7.2		3.7
Q4	3.3	2.2	153.2		5.6	39.7	3.5		-1.9
2019
Q1	2.7	7.8	13.2		13.5	18.4	4.3		3.9
Q2	3.1	5.5	244.1		9.8	70.1	4.3		0.1
Q3	2.5	6.4	10.1		12.9	16.1	6.3		4.8
Q4	2.2	6.4	116.1		11.3	56.2	6.2		11.2
2020
Q1	-5.2	3.3	332.0		11.4	87.3	8.3		7.3
Q2	-18.9	14.7	-71.7		4.9	-35.3	2.0		1.8
Q3	-6.6	11.0	13.8		10.3	-0.3	11.3		1.5
Q4	-9.1	17.2	-56.0		18.6	-19.1	4.6		3.9
2021
Q1	-10.4	16.8	-77.9		12.9	-41.6	12.8		4.7
Q2	21.1	4.6	9.5		24.6	17.9	21.7		17.4
Q3	10.5	1.3	-22.8		16.9	13.1	12.4		18.6
Q4	14.1	3.7	0.4		7.8	1.3	14.3		14.9
2022
Q1	18.6	-0.4	16.4		14.5	21.2	8.8		5.0
Q2	8.6	2.8	30.3		13.0	22.1	9.3		7.4
Q3	5.8	7.6	43.7		17.3	29.2	9.4		-0.7
Q4	6.5	4.2	-30.2		11.1	-1.4	10.2		4.3
2023
Q1	5.1	-2.7	6.7		5.7	10.9	2.2		-0.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.3 (XLS 21KB)

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Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted

Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2017
Q1	24,874	7,552	15,805	-2	86,642	-63,482	71,141	-14,869	56,272
Q2	24,878	7,670	53,268	1,775	87,772	-101,250	72,471	-15,988	56,483
Q3	25,228	7,863	14,413	1,800	88,816	-62,647	75,045	-13,892	61,154
Q4	25,619	8,041	15,013	1,268	95,481	-66,807	78,979	-17,404	61,574
2018
Q1	26,284	8,116	16,150	1,433	94,782	-64,158	80,532	-17,676	62,856
Q2	26,660	8,201	17,691	669	99,616	-70,679	81,551	-16,866	64,685
Q3	26,799	8,410	19,473	-803	101,578	-74,931	82,011	-17,566	64,446
Q4	26,940	8,277	39,577	-343	103,654	-96,937	83,005	-22,566	60,440
2019
Q1	27,831	8,861	18,455	538	108,413	-77,875	85,644	-18,977	66,667
Q2	27,927	8,986	61,442	111	112,068	-122,681	88,175	-20,745	67,430
Q3	27,706	9,129	21,808	295	115,334	-85,344	89,325	-19,836	69,489
Q4	27,938	9,218	91,541	870	119,380	-157,114	92,795	-21,493	71,302
2020
Q1	27,223	9,451	79,848	1,522	119,751	-144,707	93,739	-20,901	72,838
Q2	22,608	10,258	17,478	1,603	115,925	-79,867	88,421	-20,936	67,485
Q3	25,974	10,276	23,873	-537	121,701	-83,349	97,664	-27,667	69,997
Q4	25,489	10,919	36,606	1,118	139,658	-117,736	95,686	-23,153	72,533
2021
Q1	25,048	10,798	18,182	1,676	135,343	-87,668	103,090	-28,542	74,548
Q2	28,284	11,078	20,013	763	142,618	-94,844	107,242	-28,103	79,138
Q3	29,786	11,235	20,128	2,125	146,522	-98,458	111,239	-27,547	83,692
Q4	30,559	11,382	38,284	1,000	153,820	-123,476	111,929	-26,848	85,080
2022
Q1	31,533	11,840	22,653	1,060	162,282	-108,272	119,826	-34,206	85,619
Q2	32,546	11,898	27,316	4,735	172,118	-120,688	126,934	-33,729	93,205
Q3	33,444	11,979	29,954	3,582	180,500	-132,419	129,314	-40,045	89,269
Q4	35,109	13,122	29,674	1,190	178,567	-129,911	130,099	-35,645	94,455
2023
Q1	35,572	12,069	25,205	2,113	177,414	-122,549	127,884	-38,328	89,556

Percentage change on previous quarter
2017
Q1	1.8	0.8	-46.8		3.3	-17.2	-1.6		-2.3
Q2	0.0	1.6	237.0		1.3	59.5	1.9		0.4
Q3	1.4	2.5	-72.9		1.2	-38.1	3.6		8.3
Q4	1.5	2.3	4.2		7.5	6.6	5.2		0.7
2018
Q1	2.6	0.9	7.6		-0.7	-4.0	2.0		2.1
Q2	1.4	1.1	9.5		5.1	10.2	1.3		2.9
Q3	0.5	2.5	10.1		2.0	6.0	0.6		-0.4
Q4	0.5	-1.6	103.2		2.0	29.4	1.2		-6.2
2019
Q1	3.3	7.1	-53.4		4.6	-19.7	3.2		10.3
Q2	0.3	1.4	232.9		3.4	57.5	3.0		1.1
Q3	-0.8	1.6	-64.5		2.9	-30.4	1.3		3.1
Q4	0.8	1.0	319.8		3.5	84.1	3.9		2.6
2020
Q1	-2.6	2.5	-12.8		0.3	-7.9	1.0		2.2
Q2	-17.0	8.5	-78.1		-3.2	-44.8	-5.7		-7.3
Q3	14.9	0.2	36.6		5.0	4.4	10.5		3.7
Q4	-1.9	6.3	53.3		14.8	41.3	-2.0		3.6
2021
Q1	-1.7	-1.1	-50.3		-3.1	-25.5	7.7		2.8
Q2	12.9	2.6	10.1		5.4	8.2	4.0		6.2
Q3	5.3	1.4	0.6		2.7	3.8	3.7		5.8
Q4	2.6	1.3	90.2		5.0	25.4	0.6		1.7
2022
Q1	3.2	4.0	-40.8		5.5	-12.3	7.1		0.6
Q2	3.2	0.5	20.6		6.1	11.5	5.9		8.9
Q3	2.8	0.7	9.7		4.9	9.7	1.9		-4.2
Q4	5.0	9.5	-0.9		-1.1	-1.9	0.6		5.8
2023
Q1	1.3	-8.0	-15.1		-0.6	-5.7	-1.7		-5.2

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Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2021)¹ - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2021)¹ - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2017
Q1	27,160	8,285	17,745	313	87,137	-65,318	74,807	-14,956	59,851
Q2	27,042	8,328	56,481	1,244	87,800	-104,532	75,377	-15,760	59,617
Q3	27,395	8,477	16,242	2,167	90,986	-65,026	79,179	-14,842	64,338
Q4	27,682	8,589	15,886	371	100,715	-70,009	81,981	-18,206	63,775
2018
Q1	28,222	8,597	17,644	1,581	95,366	-66,223	83,181	-17,685	65,496
Q2	28,542	8,852	19,116	282	100,306	-72,628	84,501	-16,820	67,681
Q3	28,536	8,987	20,994	55	101,204	-75,354	84,786	-18,328	66,458
Q4	28,597	8,793	41,056	-1,090	106,358	-98,016	85,882	-22,529	63,353
2019
Q1	29,218	9,255	19,903	964	108,874	-78,852	87,381	-18,281	69,100
Q2	29,376	9,329	62,265	-227	111,043	-123,677	88,702	-20,368	68,333
Q3	29,064	9,586	22,739	1,048	114,456	-87,289	89,747	-20,575	69,172
Q4	29,134	9,335	89,128	-109	118,740	-155,281	91,419	-20,774	70,644
2020
Q1	27,955	9,565	79,111	1,877	121,474	-145,419	94,282	-20,099	74,183
Q2	23,803	10,677	18,364	1,156	115,774	-80,945	88,865	-20,978	67,887
Q3	26,948	10,699	25,372	385	125,327	-86,975	99,529	-30,072	69,457
Q4	26,347	10,875	38,063	65	141,640	-123,471	95,377	-22,386	72,991
2021
Q1	25,304	11,215	18,555	2,124	137,096	-87,713	105,420	-28,030	77,390
Q2	28,748	11,157	20,028	57	144,253	-95,285	108,205	-28,609	79,596
Q3	29,691	10,876	19,372	3,136	146,422	-98,052	110,992	-29,344	81,648
Q4	29,989	11,182	38,843	-110	151,655	-124,194	109,046	-25,046	84,000
2022
Q1	30,224	11,254	21,445	1,567	158,018	-106,533	115,188	-32,933	82,256
Q2	31,139	11,463	25,572	3,869	162,940	-116,029	118,068	-32,774	85,294
Q3	31,408	11,694	27,788	4,198	171,225	-126,159	120,937	-40,824	80,113
Q4	31,870	11,592	27,243	-11	169,399	-122,039	120,877	-32,774	88,103
2023
Q1	31,899	11,022	22,750	2,678	166,835	-118,499	117,504	-35,465	82,039

Percentage change on previous quarter
2017
Q1	0.9	-0.0	-44.3		2.8	-17.5	-1.8		-2.2
Q2	-0.4	0.5	218.3		0.8	60.0	0.8		-0.4
Q3	1.3	1.8	-71.2		3.6	-37.8	5.0		7.9
Q4	1.0	1.3	-2.2		10.7	7.7	3.5		-0.9
2018
Q1	1.9	0.1	11.1		-5.3	-5.4	1.5		2.7
Q2	1.1	3.0	8.3		5.2	9.7	1.6		3.3
Q3	-0.0	1.5	9.8		0.9	3.8	0.3		-1.8
Q4	0.2	-2.2	95.6		5.1	30.1	1.3		-4.7
2019
Q1	2.2	5.3	-51.5		2.4	-19.6	1.7		9.1
Q2	0.5	0.8	212.8		2.0	56.8	1.5		-1.1
Q3	-1.1	2.7	-63.5		3.1	-29.4	1.2		1.2
Q4	0.2	-2.6	292.0		3.7	77.9	1.9		2.1
2020
Q1	-4.0	2.5	-11.2		2.3	-6.4	3.1		5.0
Q2	-14.9	11.6	-76.8		-4.7	-44.3	-5.7		-8.5
Q3	13.2	0.2	38.2		8.3	7.4	12.0		2.3
Q4	-2.2	1.7	50.0		13.0	42.0	-4.2		5.1
2021
Q1	-4.0	3.1	-51.3		-3.2	-29.0	10.5		6.0
Q2	13.6	-0.5	7.9		5.2	8.6	2.6		2.9
Q3	3.3	-2.5	-3.3		1.5	2.9	2.6		2.6
Q4	1.0	2.8	100.5		3.6	26.7	-1.8		2.9
2022
Q1	0.8	0.6	-44.8		4.2	-14.2	5.6		-2.1
Q2	3.0	1.9	19.2		3.1	8.9	2.5		3.7
Q3	0.9	2.0	8.7		5.1	8.7	2.4		-6.1
Q4	1.5	-0.9	-2.0		-1.1	-3.3	-0.0		10.0
2023
Q1	0.1	-4.9	-16.5		-1.5	-2.9	-2.8		-6.9
¹Chain linked series not additive

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Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2017	2,999	2,589	12,740	1,105	22,219	14,370	56,992	98,644
2018	3,869	3,223	14,485	1,387	26,492	17,152	43,520	92,977
2019	4,246	2,880	16,771	1,504	25,935	17,279	142,074	193,410
2020	4,392	2,705	15,441	1,162	17,782	10,168	116,412	157,894
2021	4,175	3,577	16,095	1,471	20,509	11,263	51,114	96,941
2022	6,963	4,220	16,746	1,876	28,640	14,319	51,080	109,525

2017
Q1	617	596	2,464	269	6,120	3,770	5,185	15,252
Q2	677	601	2,699	242	6,387	4,452	42,484	53,091
Q3	864	620	3,435	250	4,009	2,154	5,032	14,210
Q4	840	773	4,142	344	5,702	3,993	4,291	16,092
	2,999	2,589	12,740	1,105	22,219	14,370	56,992	98,644
2018
Q1	804	882	2,719	296	5,660	2,820	5,144	15,504
Q2	975	841	3,179	344	5,913	3,462	6,074	17,327
Q3	1,083	779	4,026	344	6,478	4,299	6,673	19,383
Q4	1,007	721	4,562	403	8,442	6,571	25,628	40,763
	3,869	3,223	14,485	1,387	26,492	17,152	43,520	92,977
2019
Q1	938	699	3,179	332	6,353	3,618	6,207	17,708
Q2	992	683	3,505	341	6,114	4,259	49,279	60,913
Q3	1,224	808	4,653	381	6,203	4,241	8,563	21,832
Q4	1,092	691	5,435	450	7,264	5,161	78,024	92,956
	4,246	2,880	16,771	1,504	25,935	17,279	142,074	193,410
2020
Q1	1,157	491	3,737	375	n/a¹	n/a¹	n/a¹	78,967
Q2	680	550	2,434	193	n/a¹	n/a¹	n/a¹	17,063
Q3	1,153	774	4,375	216	4,710	2,469	12,656	23,885
Q4	1,403	889	4,895	378	6,065	4,355	24,349	37,979
	4,392	2,705	15,441	1,162	17,782	10,168	116,412	157,894
2021
Q1	862	609	2,687	332	5,208	2,763	7,869	17,568
Q2	1,037	911	3,247	360	5,299	3,180	8,602	19,455
Q3	1,001	950	4,683	332	3,917	1,387	9,275	20,158
Q4	1,274	1,107	5,478	447	6,085	3,934	25,368	39,760
	4,175	3,577	16,095	1,471	20,509	11,263	51,114	96,941
2022
Q1	1,387	925	3,340	413	6,053	2,886	9,716	21,834
Q2	1,820	1,014	3,751	434	7,742	3,391	11,999	26,760
Q3	1,859	1,096	4,756	586	6,991	3,315	14,638	29,926
Q4	1,896	1,186	4,899	443	7,854	4,728	14,727	31,005
	6,963	4,220	16,746	1,876	28,640	14,319	51,080	109,525
2023
Q1	1,848	1,074	3,688	398	7,394	3,130	9,891	24,293

Percentage change on corresponding period of previous year
2017	43.9	17.9	14.3	-3.7	12.5	36.3	-5.8	1.9
2018	29.0	24.5	13.7	25.5	19.2	19.4	-23.6	-5.7
2019	9.7	-10.6	15.8	8.4	-2.1	0.7	226.5	108.0
2020	3.4	-6.1	-7.9	-22.8	-31.4	-41.2	-18.1	-18.4
2021	-5.0	32.3	4.2	26.6	15.3	10.8	-56.1	-38.6
2022	66.8	18.0	4.0	27.6	39.6	27.1	-0.1	13.0

2017
Q1	31.4	24.6	30.5	3.5	25.4	70.6	-53.1	-19.9
Q2	26.9	6.3	10.0	-7.8	28.1	52.0	173.2	118.0
Q3	55.2	5.4	9.3	-20.4	-13.4	-6.7	-62.8	-37.5
Q4	60.6	36.9	13.3	10.6	8.5	28.9	-78.9	-47.5
2018
Q1	30.2	48.0	10.3	9.7	-7.5	-25.2	-0.8	1.7
Q2	44.0	39.9	17.8	42.2	-7.4	-22.2	-85.7	-67.4
Q3	25.3	25.7	17.2	37.8	61.6	99.6	32.6	36.4
Q4	19.9	-6.7	10.1	17.2	48.0	64.6	497.3	153.3
2019
Q1	16.6	-20.8	16.9	12.5	12.2	28.3	20.7	14.2
Q2	1.7	-18.9	10.3	-1.0	3.4	23.0	711.3	251.5
Q3	13.1	3.7	15.6	10.6	-4.2	-1.3	28.3	12.6
Q4	8.5	-4.1	19.1	11.6	-13.9	-21.5	204.4	128.0
2020
Q1	23.4	-29.8	17.6	12.7	n/a¹	n/a¹	n/a¹	345.9
Q2	-31.5	-19.4	-30.6	-43.3	n/a¹	n/a¹	n/a¹	-72.0
Q3	-5.9	-4.1	-6.0	-43.3	-24.1	-41.8	47.8	9.4
Q4	28.5	28.6	-9.9	-16.1	-16.5	-15.6	-68.8	-59.1
2021
Q1	-25.5	24.2	-28.1	-11.5	n/a¹	n/a¹	n/a¹	-77.8
Q2	52.6	65.6	33.4	86.3	n/a¹	n/a¹	n/a¹	14.0
Q3	-13.1	22.7	7.0	53.6	-16.8	-43.8	-26.7	-15.6
Q4	-9.2	24.4	11.9	18.4	0.3	-9.7	4.2	4.7
2022
Q1	60.9	51.9	24.3	24.5	16.2	4.5	23.5	24.3
Q2	75.5	11.2	15.5	20.5	46.1	6.6	39.5	37.5
Q3	85.6	15.3	1.6	76.7	78.5	139.0	57.8	48.5
Q4	48.8	7.1	-10.6	-0.9	29.1	20.2	-41.9	-22.0
2023
Q1	33.2	16.1	10.4	-3.7	22.1	8.5	1.8	11.3
¹Data suppressed for confidentiality reasons

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Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2021)¹ - Non-Seasonally Adjusted

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2021)¹ - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2017	3,274	3,388	16,689	1,373	22,356	15,259	58,964	105,710
2018	4,089	3,923	17,649	1,585	26,562	18,030	44,166	97,068
2019	4,634	3,287	19,154	1,656	25,999	17,972	138,436	194,807
2020	4,458	2,997	17,126	1,265	17,949	10,444	117,634	162,652
2021	4,175	3,577	16,095	1,471	20,509	11,263	51,114	96,941
2022	5,753	3,750	14,860	1,670	27,103	13,610	48,731	101,867

2017
Q1	712	796	3,301	351	6,155	4,018	5,387	16,484
Q2	765	798	3,577	309	6,387	4,729	44,064	57,183
Q3	923	819	4,523	304	4,032	2,284	5,229	15,184
Q4	874	975	5,288	408	5,783	4,228	4,284	16,859
	3,274	3,388	16,689	1,373	22,356	15,259	58,964	105,710
2018
Q1	877	1,102	3,453	348	5,682	2,975	5,103	16,226
Q2	1,039	1,030	3,900	396	5,923	3,641	6,101	18,024
Q3	1,130	946	4,889	388	6,462	4,516	6,790	20,133
Q4	1,043	846	5,407	452	8,494	6,899	26,172	42,685
	4,089	3,923	17,649	1,585	26,562	18,030	44,166	97,068
2019
Q1	1,035	831	3,772	370	6,379	3,780	6,238	18,365
Q2	1,089	796	4,089	377	6,097	4,440	48,665	62,019
Q3	1,325	926	5,364	416	6,181	4,413	8,408	22,166
Q4	1,185	734	5,929	493	7,341	5,340	75,124	92,256
	4,634	3,287	19,154	1,656	25,999	17,972	138,436	194,807
2020
Q1	1,186	522	4,082	410	n/a²	n/a²	n/a²	79,330
Q2	692	679	2,900	211	n/a²	n/a²	n/a²	17,549
Q3	1,167	841	4,815	236	4,763	2,540	13,689	25,217
Q4	1,412	955	5,330	408	6,104	4,459	26,317	40,557
	4,458	2,997	17,126	1,265	17,949	10,444	117,634	162,652
2021
Q1	879	633	2,845	350	5,247	2,796	7,588	17,545
Q2	1,053	970	3,415	371	5,310	3,199	8,154	19,225
Q3	1,002	937	4,628	327	3,927	1,384	8,796	19,470
Q4	1,241	1,037	5,206	423	6,026	3,884	26,576	40,701
	4,175	3,577	16,095	1,471	20,509	11,263	51,114	96,941
2022
Q1	1,192	838	3,062	380	5,853	2,807	9,105	20,430
Q2	1,535	894	3,332	391	7,345	3,263	11,545	25,042
Q3	1,526	988	4,225	514	6,581	3,136	14,146	27,979
Q4	1,501	1,030	4,241	385	7,325	4,404	13,936	28,417
	5,753	3,750	14,860	1,670	27,103	13,610	48,731	101,867
2023
Q1	1,427	919	3,143	348	6,853	2,853	9,105	21,794

Percentage change on corresponding period of previous year
2017	42.3	11.3	7.8	-12.0	11.2	34.4	-7.8	-0.7
2018	24.9	15.8	5.8	15.5	18.8	18.2	-25.1	-8.2
2019	13.3	-16.2	8.5	4.5	-2.1	-0.3	213.4	100.7
2020	-3.8	-8.8	-10.6	-23.6	-31.0	-41.9	-15.0	-16.5
2021	-6.4	19.4	-6.0	16.2	14.3	7.8	-56.5	-40.4
2022	37.8	4.8	-7.7	13.5	32.1	20.8	-4.7	5.1

2017
Q1	37.5	17.4	22.4	-4.2	23.8	68.6	-53.8	-21.5
Q2	32.2	1.7	4.3	-15.4	25.6	49.9	162.3	110.3
Q3	47.7	-1.6	2.3	-27.6	-14.8	-8.2	-64.0	-39.9
Q4	51.0	29.9	7.4	0.3	8.6	27.0	-79.6	-48.9
2018
Q1	23.2	38.4	4.6	-0.8	-7.7	-26.0	-5.3	-1.6
Q2	35.9	29.1	9.0	28.2	-7.3	-23.0	-86.2	-68.5
Q3	22.4	15.4	8.1	27.8	60.3	97.7	29.8	32.6
Q4	19.3	-13.2	2.2	10.6	46.9	63.2	510.9	153.2
2019
Q1	18.0	-24.6	9.2	6.2	12.3	27.1	22.2	13.2
Q2	4.8	-22.7	4.9	-4.8	2.9	22.0	697.7	244.1
Q3	17.3	-2.1	9.7	7.1	-4.3	-2.3	23.8	10.1
Q4	13.6	-13.3	9.7	9.1	-13.6	-22.6	187.0	116.1
2020
Q1	14.6	-37.1	8.2	10.8	n/a²	n/a²	n/a²	332.0
Q2	-36.5	-14.7	-29.1	-43.9	n/a²	n/a²	n/a²	-71.7
Q3	-11.9	-9.2	-10.2	-43.3	-22.9	-42.4	62.8	13.8
Q4	19.2	30.2	-10.1	-17.2	-16.8	-16.5	-65.0	-56.0
2021
Q1	-25.9	21.2	-30.3	-14.6	n/a²	n/a²	n/a²	-77.9
Q2	52.1	42.9	17.8	75.6	n/a²	n/a²	n/a²	9.5
Q3	-14.2	11.5	-3.9	38.6	-17.6	-45.5	-35.7	-22.8
Q4	-12.1	8.6	-2.3	3.5	-1.3	-12.9	1.0	0.4
2022
Q1	35.7	32.3	7.6	8.4	11.5	0.4	20.0	16.4
Q2	45.7	-7.8	-2.4	5.4	38.3	2.0	41.6	30.3
Q3	52.3	5.4	-8.7	57.5	67.6	126.6	60.8	43.7
Q4	20.9	-0.7	-18.5	-9.0	21.6	13.4	-47.6	-30.2
2023
Q1	19.7	9.7	2.6	-8.4	17.1	1.6	-0.0	6.7
¹Chain linked series not additive
²Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.7 (XLS 19KB)

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Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2021)¹ - Seasonally Adjusted

Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2021)¹ - Seasonally Adjusted								€million
	CURRENT MARKET PRICES				CONSTANT MARKET PRICES
Period	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2017
Q1	4,604	6,107	5,093	15,805	5,979	6,258	5,508	17,745
Q2	4,580	6,189	42,498	53,268	5,918	6,411	44,152	56,481
Q3	4,855	4,500	5,058	14,413	6,090	4,722	5,429	16,242
Q4	5,286	5,390	4,337	15,013	6,573	5,218	4,095	15,886
2018
Q1	5,446	5,637	5,068	16,150	6,681	5,677	5,287	17,644
Q2	5,815	5,788	6,088	17,691	6,948	5,848	6,320	19,116
Q3	5,840	6,956	6,678	19,473	6,784	7,221	6,989	20,994
Q4	5,770	8,089	25,718	39,577	6,727	7,898	26,431	41,056
2019
Q1	6,023	6,305	6,128	18,455	7,080	6,437	6,386	19,903
Q2	6,090	6,075	49,277	61,442	7,040	6,353	48,872	62,265
Q3	6,589	6,664	8,555	21,808	7,382	6,821	8,536	22,739
Q4	6,539	6,858	78,144	91,541	7,170	6,547	75,411	89,128
2020
Q1	6,837	n/a³	n/a³	79,848	7,454	n/a³	n/a³	79,111
Q2	4,268	n/a³	n/a³	17,478	4,986	n/a³	n/a³	18,364
Q3	6,040	5,186	12,648	23,873	6,437	5,286	13,648	25,372
Q4	6,511	5,625	24,470	36,606	7,019	5,457	25,587	38,063
2021
Q1	5,333	5,114	7,735	18,182	5,654	5,297	7,605	18,555
Q2	6,106	5,374	8,534	20,013	6,395	5,523	8,110	20,028
Q3	6,423	4,436	9,269	20,128	6,251	4,369	8,751	19,372
Q4	7,146	5,586	25,552	38,284	6,867	5,362	26,614	38,843
2022
Q1	7,165	5,926	9,563	22,653	6,515	5,864	9,066	21,445
Q2	7,623	7,808	11,885	27,316	6,697	7,448	11,427	25,572
Q3	7,707	7,603	14,643	29,954	6,600	7,119	14,070	27,788
Q4	7,386	7,321	14,967	29,674	6,353	6,738	14,153	27,243
2023
Q1	8,208	7,233	9,764	25,205	6,858	6,817	9,074	22,750

Percentage change on previous quarter
2017
Q1	5.4	22.9	-75.0	-46.8	3.3	28.4	-74.0	-44.3
Q2	-0.5	1.3	734.4	237.0	-1.0	2.4	701.6	218.3
Q3	6.0	-27.3	-88.1	-72.9	2.9	-26.3	-87.7	-71.2
Q4	8.9	19.8	-14.2	4.2	7.9	10.5	-24.6	-2.2
2018
Q1	3.0	4.6	16.8	7.6	1.6	8.8	29.1	11.1
Q2	6.8	2.7	20.1	9.5	4.0	3.0	19.5	8.3
Q3	0.4	20.2	9.7	10.1	-2.4	23.5	10.6	9.8
Q4	-1.2	16.3	285.1	103.2	-0.8	9.4	278.2	95.6
2019
Q1	4.4	-22.1	-76.2	-53.4	5.2	-18.5	-75.8	-51.5
Q2	1.1	-3.6	704.2	232.9	-0.6	-1.3	665.3	212.8
Q3	8.2	9.7	-82.6	-64.5	4.9	7.4	-82.5	-63.5
Q4	-0.7	2.9	813.4	319.8	-2.9	-4.0	783.4	292.0
2020
Q1	4.6	n/a³	n/a³	-12.8	4.0	n/a³	n/a³	-11.2
Q2	-37.6	n/a³	n/a³	-78.1	-33.1	n/a³	n/a³	-76.8
Q3	41.5	n/a³	n/a³	36.6	29.1	n/a³	n/a³	38.2
Q4	7.8	8.5	93.5	53.3	9.0	3.2	87.5	50.0
2021
Q1	-18.1	-9.1	-68.4	-50.3	-19.5	-2.9	-70.3	-51.3
Q2	14.5	5.1	10.3	10.1	13.1	4.3	6.6	7.9
Q3	5.2	-17.5	8.6	0.6	-2.3	-20.9	7.9	-3.3
Q4	11.3	25.9	175.7	90.2	9.9	22.7	204.1	100.5
2022
Q1	0.3	6.1	-62.6	-40.8	-5.1	9.4	-65.9	-44.8
Q2	6.4	31.8	24.3	20.6	2.8	27.0	26.0	19.2
Q3	1.1	-2.6	23.2	9.7	-1.5	-4.4	23.1	8.7
Q4	-4.2	-3.7	2.2	-0.9	-3.7	-5.4	0.6	-2.0
2023
Q1	11.1	-1.2	-34.8	-15.1	8.0	1.2	-35.9	-16.5
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