Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q2 20212 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 44,399 | 3.6 |
Information and Communication | 16,743 | 6.2 |
Professional, Admin and Support Services | 9,176 | 4.1 |
Public Admin, Education and Health | 9,094 | 2.8 |
Distribution, Transport, Hotels and Restaurants | 7,653 | 0.7 |
Real Estate Activities | 5,179 | 0.9 |
Financial and Insurance Activities | 3,813 | 2.4 |
Construction | 1,795 | 22.9 |
Arts, Entertainment and Other Services | 927 | 3.2 |
Agriculture, Forestry and Fishing | 736 | -3.5 |
Gross Domestic Product | 109,378 | 6.3 |
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 2019, seasonally adjusted. |
The Construction sector recorded strong growth in Q2 compared with the previous quarter, a rebound of 22.9% following the easing of COVID related restrictions. The MNE dominated Information & Communication sector grew by 6.2% while Industry (excluding Construction) rose by 3.6% in the period. Quarter-on-quarter increases were recorded in Professional & Administrative services (4.1%), Arts & Entertainment (3.2%), Public Administration, Education & Health (2.8%), Finance & Insurance (2.4%) and Real Estate (0.9%). The domestically dominated Distribution, Transport, Hotels & Restaurants sector increased by 0.7% over the same period. The Agriculture sector decreased by 3.5% over the period compared with Q1 2021. (See Table 2.5)
Comparisons with Q2 2020
Estimates for the second quarter of 2021 indicate that there was an increase of 21.6% in GDP in real terms in Q2 2021 compared with Q2 2020. The Distribution, Transport, Hotels & Restaurants sector made the most positive contribution to the Q2 result, rising by 39.4% year-on-year with the Construction sector growing by 29.1%. Industry (excluding Construction) exhibited an increase of 27.1% compared with the same quarter of 2020 while Information & Communication grew by 23.5%. All other sectors increased year-on-year except for the Agriculture sector that exhibited a fall of 5.9%. The year-on-year increases recorded were in the Arts & Entertainment sector (21.8%), Professional & Administrative Services (8.2%), Real Estate activities (6.6%) and Financial & Insurance activities (0.6%). Public Administration, Education & Health exhibited an increase of 4.7% year-on-year. (See Table 2.3)
Q2 2021 | Q1 2021 | |
Industry (excl. Construction) | 44.399330491 | 42.857791876 |
Information and Communication | 16.742996126 | 15.767538443 |
Professional, Admin and Support Services | 9.176415089 | 8.816048014 |
Public Admin, Education and Health | 9.093614488 | 8.845304395 |
Distribution, Transport, Hotels and Restaurants | 7.652658526 | 7.602254551 |
Real Estate Activities | 5.179101006 | 5.132643016 |
Financial and Insurance Activities | 3.813211104 | 3.722131004 |
Construction | 1.795135913 | 1.460795148 |
Arts, Entertainment and Other Services | 0.926887863 | 0.898407431 |
Agriculture Forestry and Fishing | 0.736318811 | 0.763367224 |
Column1 | Q2 2021 |
---|---|
Agriculture Forestry and Fishing | -3.54330290188094 |
Distribution, Transport, Hotels and Restaurants | 0.663013513450039 |
Real Estate Activities | 0.905147501105685 |
Financial and Insurance Activities | 2.44698802653964 |
Public Admin, Education and Health | 2.80725322624695 |
Arts, Entertainment and Other Services | 3.17010200686998 |
Industry (excl. Construction) | 3.59686896483169 |
Professional, Admin and Support Services | 4.08762604772266 |
Information and Communication | 6.1864931328774 |
Construction | 22.8875873155625 |
Agriculture Forestry and Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels and Restaurants | Information and Communication | Financial and Insurance Activities | Real Estate Activities | Professional, Admin and Support Services | Public Admin, Education and Health | Arts, Entertainment and Other Services | |
Q1 2019 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2019 | 106.859338700564 | 105.206637185771 | 102.819976465341 | 98.719955678227 | 119.46319994404 | 96.2573595236567 | 101.195716919994 | 101.601435515953 | 99.8318111910791 | 98.1681544511381 |
Q3 2019 | 101.666585706659 | 110.561066302041 | 111.106051924419 | 98.757680438559 | 109.226269386892 | 102.174411489946 | 102.40052089586 | 99.7615058501325 | 101.038147278189 | 98.8801617998373 |
Q4 2019 | 120.138767961522 | 110.180766098153 | 105.410063062693 | 97.6543831884146 | 112.583799979984 | 101.304135370434 | 100.493242700171 | 99.7014345474936 | 101.912493735675 | 94.1415334280245 |
Q1 2020 | 104.500770182279 | 124.860224531554 | 102.071725684673 | 96.3563359923888 | 120.076912736174 | 93.7749775146717 | 101.771517146556 | 94.5658389576657 | 102.500755497518 | 93.7577597713899 |
Q2 2020 | 105.508838637674 | 124.960727480559 | 71.3615510911687 | 58.3428553455352 | 116.040722915966 | 95.3791302364717 | 96.8934237303682 | 86.9951307395214 | 99.4873415995889 | 66.2564138164416 |
Q3 2020 | 106.599732503438 | 132.818063140938 | 97.2915187535485 | 81.9093366533786 | 143.348855206445 | 88.7973795455327 | 98.4010057185068 | 91.0271060808141 | 100.703423023032 | 65.0920830620779 |
Q4 2020 | 104.136553967534 | 137.760449095395 | 105.899206539156 | 82.4733185892817 | 117.793588916377 | 89.9246605902603 | 101.525735478155 | 90.9069564726177 | 101.253914011452 | 66.64101967953 |
Q1 2021 | 101.866187821116 | 152.581340541059 | 72.817910499508 | 79.5444974097924 | 134.865953312423 | 93.2827845416612 | 102.46270587046 | 90.6579531940551 | 101.291002419635 | 78.0438895745847 |
Q2 2021 | 98.2567602320152 | 158.069491425105 | 89.484173346451 | 80.0718881768253 | 143.209426252685 | 95.5654031102184 | 103.390144492211 | 94.3637113031475 | 104.134497352958 | 80.517960484228 |
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q2 2021 Updates Tables (XLS 53KB)
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