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Quarterly National Accounts Quarter 1 2024 Final

GDP - Expenditure

Personal Consumption Expenditure increased by 0.3% in Q1 2024

Online ISSN: 2009-5775

CSO statistical publication, 12 July 2024, 11am

Table 3.1 Expenditure Components of GDP¹, Q1 2024²
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	35,872	0.3
Net Expenditure by Central and Local Government on Current Goods and Services	12,733	-1.6
Gross Domestic Fixed Capital Formation	23,976	-39.7
Net Exports	46,645
Exports of Goods and Services	174,760	7.0
Less Imports of Goods and Services	-128,114	-6.4
Gross Domestic Product	120,750	0.7
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 2022 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2024 Table 3.1 (XLS 11KB)

On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €17.5 billion in Q1 compared with the previous quarter and accounted for 34.4% of total domestic demand in Q1 2024.

Personal Consumption Expenditure increased by 0.3% in Q1 2024 compared to Q4 2023, while Government expenditure decreased by 1.6% over the same period. There was an overall increase in real GDP of 0.7%.

	Personal Consumption Expenditure	Government Expenditure	Gross Fixed Capital Formation	Value of Physical Changes in Stocks	Net Exports	GDP
Q1 2022	32.323514779	11.896268879	23.787918501	1.572377614	56.04938529	126.12149649
Q2 2022	33.587573189	12.153009638	27.3519728	3.935238354	53.26187365	129.07602801
Q3 2022	34.165466551	12.273979799	29.929596579	3.279906864	52.54742589	132.77606139
Q4 2022	34.522700215	12.273394188	29.415183004	-0.121692971	53.8911602	133.00773053
Q1 2023	34.961143356	12.327594249	24.787570504	2.629643868	52.73712841	125.76811008
Q2 2023	35.61967012	12.520984068	24.778381085	5.410557154	43.61118003	123.93390379
Q3 2023	34.822420771	12.856495464	24.241377658	4.038822427	43.77185594	121.79758495
Q4 2023	35.774370857	12.940800138	39.77071598	3.205804148	26.44955882	119.91827066
Q1 2024	35.871990147	12.732806829	23.97577444	1.466921693	46.64537316	120.74977928

Get the data: NAQ04

	Building & Construction	Machinery & Equipment	Intangibles	Gross Domestic Fixed Capital Formation
Q1 2022	7.814839295	6.079197093	9.8938821128	23.787918501
Q2 2022	8.1124036781	7.0173536821	12.22221544	27.3519728
Q3 2022	7.9919561728	7.0998705625	14.837769843	29.929596579
Q4 2022	7.5346891177	6.4344140053	15.446079881	29.415183004
Q1 2023	8.1484901077	6.8992442228	9.739836173	24.787570504
Q2 2023	7.7259791359	7.0039804751	10.048421474	24.778381085
Q3 2023	7.7147697224	6.4569647294	10.069643206	24.241377658
Q4 2023	7.5997167578	6.276534181	25.894465041	39.77071598
Q1 2024	7.3341718917	5.9551638874	10.686438661	23.97577444

Get the data: NAQ04

Comparisons with Q1 2023

On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by €1.8 billion compared to the same quarter of 2023. Personal Consumption showed an increase of 2.1% while Government expenditure grew by 2.0% over the same period. Exports of Goods and Services decreased by 0.7% (or €1.2 billion) while Imports of Goods and Services increased by 5.1% (or €6.0 billion) over the same period. Net Exports therefore decreased by 13.8% (or €7.2 billion) 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
2018	107,278	33,055	93,499	923	411,770	-312,959	1,300	334,866	-82,000	252,866
2019	112,184	36,255	193,555	1,788	462,855	-445,408	2,446	363,675	-90,450	273,225
2020	101,761	40,979	157,987	4,309	517,749	-438,184	-2,394	382,207	-103,801	278,407
2021	113,823	44,614	99,007	4,811	597,705	-410,421	-322	449,217	-128,946	320,270
2022	134,873	48,693	110,306	9,085	712,038	-497,207	3,148	520,935	-165,125	355,811
2023	152,720	53,247	118,231	16,051	688,732	-520,955	1,926	509,952	-121,938	388,014

2018
Q1	25,823	8,043	15,652	1,861	94,073	-63,514	-715	81,224	-20,205	61,019
Q2	25,965	8,215	17,468	304	100,935	-71,418	-860	80,609	-19,366	61,242
Q3	26,873	8,506	19,508	13	104,430	-74,393	865	85,801	-19,756	66,046
Q4	28,617	8,291	40,871	-1,255	112,332	-103,634	2,010	87,232	-22,673	64,559
2019
Q1	27,068	8,769	17,782	1,036	108,477	-76,493	491	87,130	-22,289	64,841
Q2	27,297	9,026	60,983	-318	111,979	-122,377	205	86,795	-24,073	62,722
Q3	27,995	9,236	21,860	1,174	116,702	-82,946	-300	93,720	-22,830	70,890
Q4	29,824	9,225	92,929	-105	125,697	-163,592	2,051	96,030	-21,258	74,772
2020
Q1	26,003	9,348	79,024	2,087	127,340	-148,710	485	95,577	-25,126	70,452
Q2	22,134	10,327	17,149	1,098	117,291	-80,280	-993	86,726	-24,433	62,293
Q3	26,364	10,392	23,886	407	124,725	-82,350	-1,614	101,810	-31,089	70,722
Q4	27,261	10,911	37,928	716	148,393	-126,844	-272	98,093	-23,153	74,940
2021
Q1	23,552	10,694	17,985	1,950	136,085	-84,500	620	106,386	-34,867	71,519
Q2	27,659	11,182	20,020	70	143,894	-94,467	-1,365	106,992	-33,284	73,709
Q3	30,156	11,358	20,671	2,944	151,549	-97,000	-833	118,847	-33,322	85,525
Q4	32,456	11,379	40,331	-153	166,177	-134,454	1,256	116,992	-27,474	89,518
2022
Q1	30,084	11,660	22,366	1,649	161,246	-105,633	752	122,123	-40,073	82,050
Q2	32,497	11,948	26,744	4,008	172,875	-121,094	-1,503	125,475	-38,322	87,153
Q3	34,464	12,034	29,829	3,497	185,899	-128,192	1,037	138,569	-45,895	92,674
Q4	37,829	13,051	31,367	-69	192,016	-142,288	2,862	134,769	-40,834	93,934
2023
Q1	34,222	12,697	24,298	2,667	175,488	-120,672	-1,092	127,608	-41,954	85,654
Q2	37,421	13,146	25,554	5,507	167,711	-124,742	979	125,576	-30,378	95,198
Q3	38,666	13,119	25,161	4,125	168,714	-121,109	1,291	129,967	-28,004	101,964
Q4	42,411	14,284	43,218	3,752	176,819	-154,433	749	126,801	-21,603	105,198
2024
Q1	37,242	13,386	24,780	1,657	176,068	-127,960	279	125,452	-32,160	93,292

Percentage change on corresponding period of previous year
2018	6.9	6.1	-6.6		6.9	0.3		8.5		4.9
2019	4.6	9.7	107.0		12.4	42.3		8.6		8.1
2020	-9.3	13.0	-18.4		11.9	-1.6		5.1		1.9
2021	11.9	8.9	-37.3		15.4	-6.3		17.5		15.0
2022	18.5	9.1	11.4		19.1	21.1		16.0		11.1
2023	13.2	9.4	7.2		-3.3	4.8		-2.1		9.1

2018
Q1	6.3	7.3	-0.1		6.7	-1.6		11.9		9.2
Q2	8.0	7.1	-67.3		8.6	-32.2		10.7		11.8
Q3	6.9	7.0	34.0		9.6	15.0		8.0		3.2
Q4	6.3	2.9	148.7		3.4	33.8		4.2		-2.7
2019
Q1	4.8	9.0	13.6		15.3	20.4		7.3		6.3
Q2	5.1	9.9	249.1		10.9	71.4		7.7		2.4
Q3	4.2	8.6	12.1		11.8	11.5		9.2		7.3
Q4	4.2	11.3	127.4		11.9	57.9		10.1		15.8
2020
Q1	-3.9	6.6	344.4		17.4	94.4		9.7		8.7
Q2	-18.9	14.4	-71.9		4.7	-34.4		-0.1		-0.7
Q3	-5.8	12.5	9.3		6.9	-0.7		8.6		-0.2
Q4	-8.6	18.3	-59.2		18.1	-22.5		2.1		0.2
2021
Q1	-9.4	14.4	-77.2		6.9	-43.2		11.3		1.5
Q2	25.0	8.3	16.7		22.7	17.7		23.4		18.3
Q3	14.4	9.3	-13.5		21.5	17.8		16.7		20.9
Q4	19.1	4.3	6.3		12.0	6.0		19.3		19.5
2022
Q1	27.7	9.0	24.4		18.5	25.0		14.8		14.7
Q2	17.5	6.9	33.6		20.1	28.2		17.3		18.2
Q3	14.3	6.0	44.3		22.7	32.2		16.6		8.4
Q4	16.6	14.7	-22.2		15.5	5.8		15.2		4.9
2023
Q1	13.8	8.9	8.6		8.8	14.2		4.5		4.4
Q2	15.2	10.0	-4.4		-3.0	3.0		0.1		9.2
Q3	12.2	9.0	-15.6		-9.2	-5.5		-6.2		10.0
Q4	12.1	9.4	37.8		-7.9	8.5		-5.9		12.0
2024
Q1	8.8	5.4	2.0		0.3	6.0		-1.7		8.9

Open in Excel: Quarterly National Accounts Q1 2024 Table 3.2 (XLS 20KB)

Visit Table NAQ03 on PxStat

Visit Table NAQ04 on PxStat

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)¹

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)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
2018	120,183	37,364	105,233	841	437,437	-333,821	366,506	-85,574	282,655
2019	123,615	39,808	210,129	1,689	483,284	-469,434	384,980	-92,331	294,284
2020	111,911	44,450	175,522	4,399	550,020	-469,514	412,536	-107,965	305,826
2021	121,817	47,267	106,416	5,018	627,379	-428,443	479,597	-132,793	347,855
2022	134,873	48,693	110,306	9,085	712,038	-497,207	520,935	-165,125	355,811
2023	141,339	50,782	113,393	15,740	670,610	-503,226	492,128	-116,621	375,507

2018
Q1	29,186	8,998	17,657	1,625	99,634	-68,689	88,228	-21,021	67,595
Q2	28,992	9,327	19,585	287	107,800	-76,836	89,520	-20,318	69,659
Q3	29,984	9,643	21,843	53	109,989	-77,991	93,912	-20,439	74,007
Q4	32,021	9,395	46,149	-1,123	120,014	-110,305	94,846	-23,796	71,394
2019
Q1	30,054	9,703	19,873	983	112,066	-80,963	91,639	-22,518	69,472
Q2	29,946	9,841	66,922	-242	117,560	-129,724	93,264	-24,715	68,778
Q3	30,796	10,265	23,911	1,069	121,420	-88,180	99,609	-23,229	76,850
Q4	32,818	9,999	99,424	-121	132,238	-170,566	100,469	-21,870	79,184
2020
Q1	28,535	10,040	85,591	1,974	131,570	-157,250	99,741	-25,379	74,706
Q2	24,436	11,290	19,024	1,231	124,951	-84,859	95,476	-25,446	70,295
Q3	28,909	11,396	27,219	440	135,741	-88,835	111,258	-33,076	78,302
Q4	30,030	11,723	43,687	754	157,759	-138,570	106,062	-24,064	82,524
2021
Q1	25,673	11,707	19,307	1,941	142,652	-88,678	113,276	-35,793	77,483
Q2	29,789	11,827	21,266	40	155,256	-99,189	117,479	-35,167	82,422
Q3	32,078	11,559	21,461	3,133	158,998	-100,257	126,559	-34,234	92,648
Q4	34,277	12,174	44,382	-96	170,473	-140,320	122,282	-27,598	95,303
2022
Q1	30,778	11,599	22,495	1,677	162,832	-108,599	122,635	-40,453	82,095
Q2	32,614	12,081	26,955	4,040	174,701	-121,866	127,060	-38,717	88,428
Q3	34,388	12,360	29,984	3,385	185,324	-126,439	138,231	-45,738	92,388
Q4	37,093	12,654	30,873	-17	189,180	-140,303	133,009	-40,216	92,900
2023
Q1	33,053	11,878	23,622	2,743	169,567	-117,374	122,440	-39,812	82,628
Q2	34,724	12,416	24,525	5,524	164,597	-121,501	122,096	-29,275	92,821
Q3	34,968	12,952	24,169	4,153	166,703	-116,814	126,645	-27,170	99,476
Q4	38,594	13,536	41,077	3,320	169,742	-147,538	120,947	-20,365	100,582
2024
Q1	33,752	12,112	22,995	1,581	168,341	-123,373	116,704	-30,193	86,511

Percentage change on corresponding period of previous year
2018	5.2	4.6	-9.1		5.4	-1.6	7.5		4.2
2019	2.9	6.5	99.7		10.5	40.6	5.0		4.1
2020	-9.5	11.7	-16.5		13.8	0.0	7.2		3.9
2021	8.9	6.3	-39.4		14.1	-8.7	16.3		13.7
2022	10.7	3.0	3.7		13.5	16.0	8.6		2.3
2023	4.8	4.3	2.8		-5.8	1.2	-5.5		5.5

2018
Q1	4.7	3.7	-3.3		6.9	-1.2	10.6		7.5
Q2	6.5	6.3	-68.5		9.2	-32.8	11.5		12.7
Q3	5.1	6.2	30.1		6.8	10.9	6.2		1.8
Q4	4.7	2.2	148.3		-0.2	29.5	2.8		-3.5
2019
Q1	3.0	7.8	12.5		12.5	17.9	3.9		2.8
Q2	3.3	5.5	241.7		9.1	68.8	4.2		-1.3
Q3	2.7	6.4	9.5		10.4	13.1	6.1		3.8
Q4	2.5	6.4	115.4		10.2	54.6	5.9		10.9
2020
Q1	-5.1	3.5	330.7		17.4	94.2	8.8		7.5
Q2	-18.4	14.7	-71.6		6.3	-34.6	2.4		2.2
Q3	-6.1	11.0	13.8		11.8	0.7	11.7		1.9
Q4	-8.5	17.2	-56.1		19.3	-18.8	5.6		4.2
2021
Q1	-10.0	16.6	-77.4		8.4	-43.6	13.6		3.7
Q2	21.9	4.8	11.8		24.3	16.9	23.0		17.3
Q3	11.0	1.4	-21.2		17.1	12.9	13.8		18.3
Q4	14.1	3.8	1.6		8.1	1.3	15.3		15.5
2022
Q1	19.9	-0.9	16.5		14.1	22.5	8.3		6.0
Q2	9.5	2.1	26.8		12.5	22.9	8.2		7.3
Q3	7.2	6.9	39.7		16.6	26.1	9.2		-0.3
Q4	8.2	3.9	-30.4		11.0	-0.0	8.8		-2.5
2023
Q1	7.4	2.4	5.0		4.1	8.1	-0.2		0.6
Q2	6.5	2.8	-9.0		-5.8	-0.3	-3.9		5.0
Q3	1.7	4.8	-19.4		-10.0	-7.6	-8.4		7.7
Q4	4.0	7.0	33.1		-10.3	5.2	-9.1		8.3
2024
Q1	2.1	2.0	-2.7		-0.7	5.1	-4.7		4.7
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2024 Table 3.3 (XLS 19KB)

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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
2018
Q1	26,342	8,129	16,533	1,861	97,354	-65,331	82,694	-19,158	63,537
Q2	26,721	8,222	17,665	304	101,078	-71,625	82,639	-18,490	64,149
Q3	26,963	8,436	19,749	13	104,713	-76,706	84,331	-19,704	64,627
Q4	27,174	8,259	39,465	-1,255	108,166	-98,221	85,257	-25,063	60,194
2019
Q1	27,758	8,876	18,716	1,036	110,676	-77,591	88,491	-20,788	67,703
Q2	28,019	9,019	61,417	-318	113,833	-123,513	89,576	-23,014	66,563
Q3	28,019	9,182	21,980	1,174	117,031	-86,075	91,531	-22,761	68,770
Q4	28,279	9,165	91,311	-105	120,851	-159,042	93,285	-24,401	68,884
2020
Q1	26,873	9,472	80,000	2,087	129,987	-149,308	97,442	-23,116	74,326
Q2	22,650	10,306	17,440	1,098	119,481	-81,453	89,444	-23,109	66,335
Q3	26,314	10,379	24,033	407	125,071	-84,987	99,802	-30,969	68,832
Q4	25,739	10,785	36,461	716	142,993	-120,453	96,263	-27,164	69,099
2021
Q1	24,574	10,851	18,666	1,950	138,427	-88,159	106,626	-32,329	74,297
Q2	28,243	11,150	20,397	70	146,840	-95,999	110,226	-31,678	78,548
Q3	30,030	11,417	20,795	2,944	151,921	-100,877	115,591	-33,110	82,481
Q4	30,532	11,162	38,903	-153	159,840	-125,814	115,714	-32,360	83,354
2022
Q1	31,696	11,852	23,087	1,649	163,790	-109,212	123,008	-37,053	85,955
Q2	33,032	11,915	27,057	4,008	176,673	-122,901	129,047	-36,438	92,609
Q3	34,336	12,160	30,089	3,497	186,328	-131,566	135,118	-45,642	89,476
Q4	35,442	12,719	30,178	-69	185,438	-134,094	133,295	-46,383	86,912
2023
Q1	36,361	12,922	24,943	2,667	177,754	-125,299	128,403	-38,596	89,807
Q2	37,817	13,117	25,787	5,507	171,263	-126,577	128,551	-28,279	100,272
Q3	38,603	13,310	25,544	4,125	169,175	-126,294	126,193	-27,732	98,461
Q4	39,632	13,851	42,108	3,752	169,905	-141,310	127,287	-27,553	99,734
2024
Q1	39,765	13,635	25,201	1,657	181,259	-131,272	128,521	-28,634	99,886

Percentage change on previous quarter
2018
Q1	3.0	1.2	9.0		-7.2	-8.3	0.1		0.2
Q2	1.4	1.1	6.8		3.8	9.6	-0.1		1.0
Q3	0.9	2.6	11.8		3.6	7.1	2.0		0.7
Q4	0.8	-2.1	99.8		3.3	28.0	1.1		-6.9
2019
Q1	2.1	7.5	-52.6		2.3	-21.0	3.8		12.5
Q2	0.9	1.6	228.2		2.9	59.2	1.2		-1.7
Q3	-0.0	1.8	-64.2		2.8	-30.3	2.2		3.3
Q4	0.9	-0.2	315.4		3.3	84.8	1.9		0.2
2020
Q1	-5.0	3.3	-12.4		7.6	-6.1	4.5		7.9
Q2	-15.7	8.8	-78.2		-8.1	-45.4	-8.2		-10.8
Q3	16.2	0.7	37.8		4.7	4.3	11.6		3.8
Q4	-2.2	3.9	51.7		14.3	41.7	-3.5		0.4
2021
Q1	-4.5	0.6	-48.8		-3.2	-26.8	10.8		7.5
Q2	14.9	2.8	9.3		6.1	8.9	3.4		5.7
Q3	6.3	2.4	2.0		3.5	5.1	4.9		5.0
Q4	1.7	-2.2	87.1		5.2	24.7	0.1		1.1
2022
Q1	3.8	6.2	-40.7		2.5	-13.2	6.3		3.1
Q2	4.2	0.5	17.2		7.9	12.5	4.9		7.7
Q3	3.9	2.1	11.2		5.5	7.1	4.7		-3.4
Q4	3.2	4.6	0.3		-0.5	1.9	-1.3		-2.9
2023
Q1	2.6	1.6	-17.3		-4.1	-6.6	-3.7		3.3
Q2	4.0	1.5	3.4		-3.7	1.0	0.1		11.7
Q3	2.1	1.5	-0.9		-1.2	-0.2	-1.8		-1.8
Q4	2.7	4.1	64.8		0.4	11.9	0.9		1.3
2024
Q1	0.3	-1.6	-40.2		6.7	-7.1	1.0		0.2

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Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)¹ - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)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
2018
Q1	29,705	9,130	19,554	1,628	102,743	-69,785	91,179	-20,322	70,857
Q2	30,073	9,371	20,646	290	108,237	-77,278	92,089	-19,329	72,760
Q3	30,140	9,529	22,874	56	110,830	-81,067	92,961	-20,811	72,150
Q4	30,341	9,270	43,921	-1,120	115,343	-103,965	94,134	-25,196	68,939
2019
Q1	30,753	9,771	21,789	992	115,977	-82,604	95,319	-21,652	73,668
Q2	31,033	9,904	65,708	-232	119,186	-130,336	96,702	-23,759	72,942
Q3	30,816	10,157	24,661	1,078	122,294	-91,876	97,959	-23,720	74,239
Q4	31,009	9,877	93,901	-112	127,364	-162,529	100,120	-23,242	76,878
2020
Q1	29,418	10,176	83,638	1,934	137,214	-158,158	103,697	-24,417	79,280
Q2	25,313	11,334	19,706	1,191	125,885	-86,336	96,811	-24,489	72,322
Q3	28,751	11,351	27,401	400	135,643	-92,910	108,355	-33,703	74,652
Q4	28,211	11,562	40,774	714	152,572	-129,449	105,452	-25,379	80,074
2021
Q1	26,717	11,912	20,591	1,857	147,014	-91,604	115,882	-34,753	81,129
Q2	30,784	11,875	22,064	-44	156,909	-100,838	119,444	-34,228	85,216
Q3	31,825	11,578	21,599	3,049	159,022	-104,754	122,359	-34,975	87,384
Q4	32,042	11,798	41,855	-180	164,440	-129,797	121,737	-28,835	92,902
2022
Q1	32,324	11,896	23,788	1,572	168,338	-112,289	126,121	-39,384	86,738
Q2	33,588	12,153	27,352	3,935	176,733	-123,471	129,076	-37,773	91,303
Q3	34,165	12,274	29,930	3,280	184,449	-131,901	132,776	-46,584	86,192
Q4	34,523	12,273	29,415	-122	183,063	-129,172	133,008	-41,371	91,637
2023
Q1	34,961	12,328	24,788	2,630	174,380	-121,643	125,768	-38,728	87,040
Q2	35,620	12,521	24,778	5,411	166,463	-122,852	123,934	-28,350	95,584
Q3	34,822	12,856	24,241	4,039	165,556	-121,785	121,798	-28,067	93,730
Q4	35,774	12,941	39,771	3,206	163,381	-136,932	119,918	-21,449	98,469
2024
Q1	35,872	12,733	23,976	1,467	174,760	-128,114	120,750	-29,142	91,608

Percentage change on previous quarter
2018
Q1	2.5	1.1	9.1		-11.6	-13.0	0.3		0.3
Q2	1.2	2.6	5.6		5.3	10.7	1.0		2.7
Q3	0.2	1.7	10.8		2.4	4.9	0.9		-0.8
Q4	0.7	-2.7	92.0		4.1	28.2	1.3		-4.5
2019
Q1	1.4	5.4	-50.4		0.5	-20.5	1.3		6.9
Q2	0.9	1.4	201.6		2.8	57.8	1.5		-1.0
Q3	-0.7	2.6	-62.5		2.6	-29.5	1.3		1.8
Q4	0.6	-2.8	280.8		4.1	76.9	2.2		3.6
2020
Q1	-5.1	3.0	-10.9		7.7	-2.7	3.6		3.1
Q2	-14.0	11.4	-76.4		-8.3	-45.4	-6.6		-8.8
Q3	13.6	0.1	39.0		7.8	7.6	11.9		3.2
Q4	-1.9	1.9	48.8		12.5	39.3	-2.7		7.3
2021
Q1	-5.3	3.0	-49.5		-3.6	-29.2	9.9		1.3
Q2	15.2	-0.3	7.2		6.7	10.1	3.1		5.0
Q3	3.4	-2.5	-2.1		1.3	3.9	2.4		2.5
Q4	0.7	1.9	93.8		3.4	23.9	-0.5		6.3
2022
Q1	0.9	0.8	-43.2		2.4	-13.5	3.6		-6.6
Q2	3.9	2.2	15.0		5.0	10.0	2.3		5.3
Q3	1.7	1.0	9.4		4.4	6.8	2.9		-5.6
Q4	1.0	-0.0	-1.7		-0.8	-2.1	0.2		6.3
2023
Q1	1.3	0.4	-15.7		-4.7	-5.8	-5.4		-5.0
Q2	1.9	1.6	-0.0		-4.5	1.0	-1.5		9.8
Q3	-2.2	2.7	-2.2		-0.5	-0.9	-1.7		-1.9
Q4	2.7	0.7	64.1		-1.3	12.4	-1.5		5.1
2024
Q1	0.3	-1.6	-39.7		7.0	-6.4	0.7		-7.0
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
2018	3,901	3,223	14,084	1,388	26,492	17,152	44,411	93,499
2019	4,344	2,880	16,229	1,505	25,935	17,279	142,663	193,555
2020	4,415	2,705	14,871	1,162	17,782	10,168	117,053	157,987
2021	4,412	5,114	15,426	1,472	20,591	11,284	51,991	99,007
2022	7,530	5,913	15,973	1,891	26,620	14,391	52,379	110,306
2023	8,291	7,627	14,991	1,541	28,101	15,213	57,679	118,231

2018
Q1	810	882	2,654	296	5,660	2,820	5,351	15,652
Q2	983	841	3,095	344	5,913	3,462	6,290	17,468
Q3	1,092	779	3,916	344	6,478	4,299	6,899	19,508
Q4	1,015	721	4,419	404	8,442	6,571	25,871	40,871
	3,901	3,223	14,084	1,388	26,492	17,152	44,411	93,499
2019
Q1	959	699	3,091	333	6,353	3,618	6,348	17,782
Q2	1,015	683	3,407	341	6,114	4,259	49,424	60,983
Q3	1,253	808	4,503	381	6,203	4,241	8,712	21,860
Q4	1,117	691	5,228	450	7,264	5,161	78,178	92,929
	4,344	2,880	16,229	1,505	25,935	17,279	142,663	193,555
2020
Q1	1,163	491	3,621	375	n/a¹	n/a¹	n/a¹	79,024
Q2	683	550	2,351	193	n/a¹	n/a¹	n/a¹	17,149
Q3	1,159	774	4,214	216	4,710	2,469	12,813	23,886
Q4	1,410	889	4,685	378	6,065	4,355	24,501	37,928
	4,415	2,705	14,871	1,162	17,782	10,168	117,053	157,987
2021
Q1	911	871	2,584	331	5,227	2,769	8,060	17,985
Q2	1,096	1,303	3,124	360	5,319	3,186	8,818	20,020
Q3	1,058	1,358	4,493	332	3,935	1,390	9,495	20,671
Q4	1,347	1,582	5,224	450	6,110	3,938	25,618	40,331
	4,412	5,114	15,426	1,472	20,591	11,284	51,991	99,007
2022
Q1	1,500	1,296	3,226	416	5,654	2,882	10,273	22,366
Q2	1,969	1,420	3,610	437	7,085	3,388	12,223	26,744
Q3	2,011	1,535	4,545	591	6,477	3,314	14,671	29,829
Q4	2,051	1,661	4,593	448	7,404	4,808	15,212	31,367
	7,530	5,913	15,973	1,891	26,620	14,391	52,379	110,306
2023
Q1	1,801	1,822	3,230	371	6,815	3,086	10,258	24,298
Q2	1,891	1,790	3,423	366	7,568	4,415	10,516	25,554
Q3	2,310	1,907	4,156	389	6,083	2,723	10,316	25,161
Q4	2,289	2,108	4,182	415	7,635	4,989	26,589	43,218
	8,291	7,627	14,991	1,541	28,101	15,213	57,679	118,231
2024
Q1	1,700	1,871	2,900	334	5,994	1,770	11,981	24,780

Percentage change on corresponding period of previous year
2018	31.2	24.5	13.2	25.5	19.2	19.4	-24.5	-6.6
2019	11.4	-10.6	15.2	8.4	-2.1	0.7	221.2	107.0
2020	1.6	-6.1	-8.4	-22.8	-31.4	-41.2	-18.0	-18.4
2021	-0.1	89.1	3.7	26.7	15.8	11.0	-55.6	-37.3
2022	70.7	15.6	3.5	28.4	29.3	27.5	0.7	11.4
2023	10.1	29.0	-6.1	-18.5	5.6	5.7	10.1	7.2

2018
Q1	32.4	48.0	10.0	9.8	-7.5	-25.2	-5.4	-0.1
Q2	46.4	39.9	17.2	42.2	-7.4	-22.2	-85.4	-67.3
Q3	27.4	25.7	16.6	37.9	61.6	99.6	26.2	34.0
Q4	21.9	-6.7	9.5	17.2	48.0	64.6	445.0	148.7
2019
Q1	18.3	-20.8	16.5	12.5	12.2	28.3	18.6	13.6
Q2	3.2	-18.9	10.1	-1.0	3.4	23.0	685.7	249.1
Q3	14.7	3.7	15.0	10.6	-4.2	-1.3	26.3	12.1
Q4	10.0	-4.1	18.3	11.6	-13.9	-21.5	202.2	127.4
2020
Q1	21.2	-29.8	17.1	12.7	n/a¹	n/a¹	n/a¹	344.4
Q2	-32.7	-19.4	-31.0	-43.3	n/a¹	n/a¹	n/a¹	-71.9
Q3	-7.5	-4.1	-6.4	-43.3	-24.1	-41.8	47.1	9.3
Q4	26.2	28.6	-10.4	-16.1	-16.5	-15.6	-68.7	-59.2
2021
Q1	-21.6	77.5	-28.6	-11.6	n/a¹	n/a¹	n/a¹	-77.2
Q2	60.4	136.8	32.9	86.2	n/a¹	n/a¹	n/a¹	16.7
Q3	-8.6	75.4	6.6	53.5	-16.5	-43.7	-25.9	-13.5
Q4	-4.5	77.9	11.5	19.0	0.7	-9.6	4.6	6.3
2022
Q1	64.6	48.9	24.8	25.4	8.2	4.1	27.5	24.4
Q2	79.6	9.0	15.5	21.5	33.2	6.3	38.6	33.6
Q3	90.0	13.0	1.1	78.1	64.6	138.4	54.5	44.3
Q4	52.3	5.0	-12.1	-0.5	21.2	22.1	-40.6	-22.2
2023
Q1	20.0	40.6	0.1	-10.7	20.5	7.1	-0.1	8.6
Q2	-3.9	26.0	-5.2	-16.3	6.8	30.3	-14.0	-4.4
Q3	14.9	24.2	-8.5	-34.1	-6.1	-17.8	-29.7	-15.6
Q4	11.6	26.9	-8.9	-7.3	3.1	3.8	74.8	37.8
2024
Q1	-5.6	2.7	-10.2	-10.1	-12.0	-42.6	16.8	2.0
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 2022)¹ - Non-Seasonally Adjusted

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2022)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
2018	5,351	4,425	19,338	1,781	27,675	18,955	47,386	105,233
2019	6,067	3,707	20,888	1,861	27,088	18,894	146,156	210,129
2020	5,837	3,380	18,587	1,422	18,701	10,980	124,350	175,522
2021	5,466	5,760	17,384	1,654	21,449	11,862	54,589	106,416
2022	7,530	5,913	15,973	1,891	26,620	14,391	52,379	110,306
2023	7,999	7,260	14,268	1,485	26,619	14,241	55,763	113,393

2018
Q1	1,148	1,242	3,798	392	5,920	3,127	5,589	17,657
Q2	1,360	1,162	4,279	445	6,172	3,827	6,645	19,585
Q3	1,478	1,066	5,359	436	6,733	4,747	7,380	21,843
Q4	1,365	954	5,902	508	8,850	7,253	27,773	46,149
	5,351	4,425	19,338	1,781	27,675	18,955	47,386	105,233
2019
Q1	1,355	937	4,132	416	6,647	3,973	6,711	19,873
Q2	1,426	898	4,479	424	6,353	4,668	51,314	66,922
Q3	1,735	1,044	5,849	467	6,441	4,639	8,994	23,911
Q4	1,551	827	6,427	554	7,649	5,614	79,137	99,424
	6,067	3,707	20,888	1,861	27,088	18,894	146,156	210,129
2020
Q1	1,553	589	4,458	461	n/a²	n/a²	n/a²	85,591
Q2	906	766	3,156	238	n/a²	n/a²	n/a²	19,024
Q3	1,528	948	5,226	265	4,962	2,670	14,564	27,219
Q4	1,849	1,077	5,748	459	6,360	4,688	27,820	43,687
	5,837	3,380	18,587	1,422	18,701	10,980	124,350	175,522
2021
Q1	1,151	1,018	3,081	393	5,486	2,946	8,170	19,307
Q2	1,379	1,560	3,700	417	5,552	3,370	8,785	21,266
Q3	1,311	1,509	5,004	367	4,109	1,459	9,463	21,461
Q4	1,625	1,672	5,599	477	6,303	4,088	28,172	44,382
	5,466	5,760	17,384	1,654	21,449	11,862	54,589	106,416
2022
Q1	1,560	1,327	3,340	429	5,773	2,950	10,083	22,495
Q2	2,009	1,415	3,620	443	7,140	3,430	12,325	26,955
Q3	1,997	1,558	4,549	582	6,445	3,299	14,867	29,984
Q4	1,964	1,613	4,464	436	7,262	4,712	15,104	30,873
	7,530	5,913	15,973	1,891	26,620	14,391	52,379	110,306
2023
Q1	1,795	1,779	3,130	362	6,552	2,961	10,004	23,622
Q2	1,850	1,713	3,266	358	7,202	4,166	10,136	24,525
Q3	2,211	1,800	3,939	375	5,771	2,546	10,072	24,169
Q4	2,144	1,968	3,933	389	7,093	4,568	25,550	41,077
	7,999	7,260	14,268	1,485	26,619	14,241	55,763	113,393
2024
Q1	1,565	1,748	2,729	307	5,616	1,639	11,031	22,995

Percentage change on corresponding period of previous year
2018	24.9	15.8	5.3	15.5	18.8	18.2	-25.9	-9.1
2019	13.4	-16.2	8.0	4.5	-2.1	-0.3	208.4	99.7
2020	-3.8	-8.8	-11.0	-23.6	-31.0	-41.9	-14.9	-16.5
2021	-6.4	70.4	-6.5	16.3	14.7	8.0	-56.1	-39.4
2022	37.8	2.7	-8.1	14.3	24.1	21.3	-4.0	3.7
2023	6.2	22.8	-10.7	-21.5	-0.0	-1.0	6.5	2.8

2018
Q1	23.1	38.4	4.3	-0.8	-7.7	-26.0	-9.4	-3.3
Q2	35.9	29.1	8.5	28.2	-7.3	-23.0	-85.8	-68.5
Q3	22.4	15.4	7.6	27.9	60.3	97.7	23.6	30.1
Q4	19.3	-13.2	1.6	10.7	46.9	63.2	456.1	148.3
2019
Q1	18.0	-24.6	8.8	6.3	12.3	27.1	20.1	12.5
Q2	4.9	-22.7	4.7	-4.8	2.9	22.0	672.2	241.7
Q3	17.3	-2.1	9.2	7.1	-4.3	-2.3	21.9	9.5
Q4	13.7	-13.3	8.9	9.1	-13.6	-22.6	184.9	115.4
2020
Q1	14.6	-37.1	7.9	10.7	n/a²	n/a²	n/a²	330.7
Q2	-36.5	-14.7	-29.5	-43.9	n/a²	n/a²	n/a²	-71.6
Q3	-11.9	-9.2	-10.7	-43.3	-23.0	-42.4	61.9	13.8
Q4	19.2	30.1	-10.6	-17.2	-16.8	-16.5	-64.8	-56.1
2021
Q1	-25.9	72.8	-30.9	-14.7	n/a²	n/a²	n/a²	-77.4
Q2	52.1	103.7	17.2	75.5	n/a²	n/a²	n/a²	11.8
Q3	-14.2	59.2	-4.2	38.5	-17.2	-45.4	-35.0	-21.2
Q4	-12.1	55.4	-2.6	4.1	-0.9	-12.8	1.3	1.6
2022
Q1	35.6	30.3	8.4	9.2	5.2	0.1	23.4	16.5
Q2	45.7	-9.3	-2.2	6.2	28.6	1.8	40.3	26.8
Q3	52.3	3.2	-9.1	58.7	56.9	126.2	57.1	39.7
Q4	20.9	-3.6	-20.3	-8.6	15.2	15.3	-46.4	-30.4
2023
Q1	15.0	34.0	-6.3	-15.6	13.5	0.4	-0.8	5.0
Q2	-7.9	21.0	-9.8	-19.2	0.9	21.5	-17.8	-9.0
Q3	10.7	15.6	-13.4	-35.5	-10.5	-22.8	-32.3	-19.4
Q4	9.1	22.0	-11.9	-10.8	-2.3	-3.0	69.2	33.1
2024
Q1	-12.8	-1.7	-12.8	-15.3	-14.3	-44.6	10.3	-2.7
¹Chain linked series not additive
²Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q1 2024 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 2022)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 2022)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
2018
Q1	5,386	5,877	5,270	16,533	7,643	6,080	5,830	19,554
Q2	5,662	5,767	6,236	17,665	7,873	5,892	6,881	20,646
Q3	5,769	7,107	6,872	19,749	7,699	7,543	7,632	22,874
Q4	5,700	7,678	26,088	39,465	7,618	8,186	28,117	43,921
2019
Q1	5,876	6,580	6,260	18,716	7,993	6,890	6,907	21,789
Q2	5,960	6,097	49,359	61,417	8,007	6,475	51,226	65,708
Q3	6,506	6,798	8,676	21,980	8,356	7,167	9,138	24,661
Q4	6,490	6,407	78,414	91,311	8,076	6,681	79,144	93,901
2020
Q1	6,557	n/a³	n/a³	80,000	8,370	n/a³	n/a³	83,638
Q2	4,145	n/a³	n/a³	17,440	5,647	n/a³	n/a³	19,706
Q3	5,914	5,331	12,787	24,033	7,264	5,588	14,549	27,401
Q4	6,478	5,254	24,730	36,461	7,919	5,551	27,305	40,774
2021
Q1	5,421	5,392	7,853	18,666	6,721	5,751	8,119	20,591
Q2	6,326	5,343	8,728	20,397	7,713	5,606	8,745	22,064
Q3	6,727	4,565	9,503	20,795	7,507	4,627	9,464	21,599
Q4	7,627	5,335	25,942	38,903	8,208	5,379	28,267	41,855
2022
Q1	7,358	5,761	9,967	23,087	7,815	6,079	9,894	23,788
Q2	7,956	6,969	12,131	27,057	8,112	7,017	12,222	27,352
Q3	8,122	7,242	14,725	30,089	7,992	7,100	14,838	29,930
Q4	7,857	6,721	15,600	30,178	7,535	6,434	15,446	29,415
2023
Q1	8,204	6,841	9,898	24,943	8,148	6,899	9,740	24,788
Q2	7,934	7,402	10,451	25,787	7,726	7,004	10,048	24,778
Q3	8,239	6,927	10,378	25,544	7,715	6,457	10,070	24,241
Q4	8,146	6,989	26,973	42,108	7,600	6,277	25,894	39,771
2024
Q1	7,791	5,942	11,469	25,201	7,334	5,955	10,686	23,976

Percentage change on previous quarter
2018
Q1	3.4	15.9	7.7	9.0	2.2	12.6	15.4	9.1
Q2	5.1	-1.9	18.3	6.8	3.0	-3.1	18.0	5.6
Q3	1.9	23.2	10.2	11.8	-2.2	28.0	10.9	10.8
Q4	-1.2	8.0	279.6	99.8	-1.1	8.5	268.4	92.0
2019
Q1	3.1	-14.3	-76.0	-52.6	4.9	-15.8	-75.4	-50.4
Q2	1.4	-7.3	688.5	228.2	0.2	-6.0	641.7	201.6
Q3	9.2	11.5	-82.4	-64.2	4.4	10.7	-82.2	-62.5
Q4	-0.2	-5.7	803.8	315.4	-3.3	-6.8	766.1	280.8
2020
Q1	1.0	n/a³	n/a³	-12.4	3.6	n/a³	n/a³	-10.9
Q2	-36.8	n/a³	n/a³	-78.2	-32.5	n/a³	n/a³	-76.4
Q3	42.7	n/a³	n/a³	37.8	28.6	n/a³	n/a³	39.0
Q4	9.5	-1.4	93.4	51.7	9.0	-0.7	87.7	48.8
2021
Q1	-16.3	2.6	-68.2	-48.8	-15.1	3.6	-70.3	-49.5
Q2	16.7	-0.9	11.1	9.3	14.8	-2.5	7.7	7.2
Q3	6.3	-14.5	8.9	2.0	-2.7	-17.5	8.2	-2.1
Q4	13.4	16.8	173.0	87.1	9.3	16.2	198.7	93.8
2022
Q1	-3.5	8.0	-61.6	-40.7	-4.8	13.0	-65.0	-43.2
Q2	8.1	21.0	21.7	17.2	3.8	15.4	23.5	15.0
Q3	2.1	3.9	21.4	11.2	-1.5	1.2	21.4	9.4
Q4	-3.3	-7.2	5.9	0.3	-5.7	-9.4	4.1	-1.7
2023
Q1	4.4	1.8	-36.6	-17.3	8.1	7.2	-36.9	-15.7
Q2	-3.3	8.2	5.6	3.4	-5.2	1.5	3.2	-0.0
Q3	3.8	-6.4	-0.7	-0.9	-0.1	-7.8	0.2	-2.2
Q4	-1.1	0.9	159.9	64.8	-1.5	-2.8	157.2	64.1
2024
Q1	-4.4	-15.0	-57.5	-40.2	-3.5	-5.1	-58.7	-39.7
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