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GDP by Sector

GDP by Sector

Decrease of 2.8% in GDP (seasonally adjusted) in Quarter 1

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20232
 Amount €mQuarterly % change
Industry (excl. Construction)44,145-13.2
Information and Communication21,3924.9
Public Admin, Education and Health10,6710.5
Professional, Admin and Support Services10,380-2.5
Distribution, Transport, Hotels and Restaurants10,1191.7
Real Estate Activities6,3520.3
Financial and Insurance Activities4,5718.4
Construction2,4964.3
Agriculture, Forestry and Fishing1,1192.1
Arts, Entertainment and Other Services1,042-22.3
Gross Domestic Product117,504-2.8
1Series is not additive, Taxes less Subsidies on Products not shown in table (see Table 2.5 for full detail).
2Constant Market Prices, chain linked annually and referenced to year 2021, seasonally adjusted.

The MNE dominated sectors of the economy contracted by 9.0% overall in the first quarter of 2023. The MNE dominated Industry (excluding Construction) sector recorded a significant decrease in Q1 compared with the previous quarter, falling by 13.2% which more than offset the growth in the Information & Communication sector of 4.9% in the quarter. The domestically facing Construction sector increased by 4.3% quarter-on-quarter while the Agriculture, Forestry & Fishing sector expanded by 2.1% over the period compared with Q4 2022. The Finance & Insurance sector increased by 8.4% in Q1 while the Distribution, Transport, Hotels & Restaurants sector grew by 1.7% in the quarter. The Arts & Entertainment sector recorded a marked decline of 22.3% in Q1 while Professional & Administrative services fell by 2.5% over the same period. The domestically dominated Public Administration, Education & Health sector and the Real Estate sector posted modest increases of 0.5% and 0.3% quarter-on-quarter respectively in Q1 2023. (See Tables 2.5 and 6.3).

Column1Q1 2023Q4 2022
Industry (excl. Construction)44.1448892750.856932335
Information and Communication21.3919749620.399570654
Public Admin, Education and Health10.67079271610.618599787
Professional, Admin and Support Services10.38008037610.641355261
Distribution, Transport, Hotels and Restaurants10.119293099.947646649
Real Estate Activities6.3519697996.334582941
Financial and Insurance Activities4.5708604194.217573555
Construction2.4964393182.392745911
Agriculture Forestry and Fishing1.1190758571.095741742
Arts, Entertainment and Other Services1.0423020261.341917479

Get the data: NAQ02

Column1Q1 2023
Arts, Entertainment & Other Services-22.3274126530697
Industry (excl. Construction)-13.1978921197745
Professional, Admin & Support Services-2.45527828544132
Real Estate Activities0.274475181112011
Public Admin, Education & Health0.491523647627234
Distribution, Transport, Hotels & Restaurants1.72549797008776
Agriculture, Forestry & Fishing2.12952688627246
Construction4.33365726478929
Information & Communication4.86482937720754
Financial & Insurance Activities8.37654303814506
Agriculture, Forestry & FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels & RestaurantsInformation & CommunicationFinancial & Insurance ActivitiesReal Estate ActivitiesProfessional, Admin & Support ServicesPublic Admin, Education & HealthArts, Entertainment & Other Services
Q1 2020100100100100100100100100100100
Q2 2020101.834240432411105.07303795606364.772406898136958.469610756485993.347533693493395.970294406589594.099714348215102.5391764756891.588558966617762.0027950603835
Q3 202089.5640890897877105.82011038710888.204976698237383.9857309621973118.15418862235493.060380983868996.6850605973943105.79379641344297.470831181071163.0740329318613
Q4 202099.4932727307948110.38117418970497.182338439108284.4613206168001104.61127219420692.3287446449176101.071618460604103.95692383828897.885774272855666.7308364960592
Q1 202198.5960718354731127.87642730532480.081737199929878.5003560836748117.959264804689121.990708601485104.00884882855399.525522441938898.530634222930870.9432327669671
Q2 202196.2619262491615129.05154937486991.454997017025684.4055447749628124.292889086899121.567943792479104.89992913439797.913825415907199.442077380186372.7849727812453
Q3 2021105.246922571854138.36633131554794.015941945747588.3076257908047122.750062154679120.681149854994105.57799521675697.7697320996158101.02917003942576.9469591414837
Q4 2021103.848997062831127.004538537317105.10321380570292.6111862559962138.081718551843118.541746791921108.24030781650996.6681327194353102.42637699045993.6324439258334
Q1 2022107.407392162806143.97472830122894.827712559025195.1159006270336129.029248218591116.311119727327108.56946432335398.9236113887181104.79308329504877.3283110538986
Q2 2022109.070323980236146.32643454667998.2774176058246102.047857946545136.197057351436112.15501776771109.82404834050399.7969100522382106.2705268722684.5935572044155
Q3 2022110.039073256567160.561360940898.2260753197507101.338223499787138.482810890247109.463650855646111.10829179101998.6109229667747106.9368243010885.4351656394992
Q4 2022102.689422458059168.67437809181695.0121115781895103.41660630369135.649426974572110.785521723853111.15464590893898.8250653039277108.049151374956101.367745353436
Q1 2023104.876221318661146.41291563755899.1296108540275105.201057746194142.248540148044120.065518631086111.45973782461196.3986349349471108.58023850502578.7349505512612

Comparisons with Q1 2022

Updated estimates for the first quarter of 2023 indicate that there was an increase of 2.2% in GDP in real terms in Q1 2023 compared with Q1 2022. Gross Value Added (GVA) for the MNE-dominated sectors expanded by 3.5% in Q1 2023 compared with Q1 2022. The Information & Communication sector increased by 10.2% in Q1 compared with the equivalent quarter of 2022 while the Industry (excluding Construction) sector increased by 1.5% year-on-year over the same period.

Of the domestic based economic sectors, Distribution, Transport, Hotels & Restaurants and Construction posted strong results, increasing by 10.7% and 5.6% respectively compared with the same quarter of 2022 while Public Administration, Education & Health rose by 3.5% in Q1 2023 compared with Q1 2022. Modest year-on-year increases were also recorded in Real Estate activities (2.6%), Financial & Insurance activities (2.4%) and the Arts & Entertainment sector (1.2%). The Professional & Administrative Services sector contracted by 2.6% year-on-year in Q1 2023 while the Agriculture, Forestry and Fishing sector fell by (2.1%). Overall, the domestic based sectors grew by 4.1% year-on-year in the first quarter of 2023 compared with Q1 2022. (See Tables 2.3 and 6.2). It must be recalled when analysing all year-on-year comparisons that Q1 2022 was a quarter partially affected by significant COVID-19 restrictions.

Table 2.2 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Price

Table 2.3 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2021)2

Table 2.4 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices - Seasonally Adjusted

Table 2.5 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2021)2 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2023 Updates Tables (XLS 56KB)