Table 3.1 Expenditure Components of GDP1, Q2 20232 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 32,059 | 0.9 |
Net Expenditure by Central and Local Government on Current Goods and Services | 11,642 | 4.3 |
Gross Domestic Fixed Capital Formation | 23,667 | 5.2 |
Net Exports | 41,440 | |
Exports of Goods and Services | 159,096 | -4.1 |
Less Imports of Goods and Services | -117,655 | 0.1 |
Gross Domestic Product | 117,374 | 0.5 |
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. |
On the expenditure side of the accounts (Table 3.5), Capital Investment increased by 16.0% in Q2 compared with the previous quarter and accounted for 39.9% of total domestic demand in Q2 2023.
Personal Consumption Expenditure grew by 0.9% in Q2 2023 compared to Q1 2023, while Government expenditure increased by 4.3% over the same period. Real GDP grew by 0.5%.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2021 | 25.241464041 | 11.215929142 | 18.616389803 | 2.123849609 | 49.374018605 | 105.74687965 |
Q2 2021 | 28.878495404 | 11.141342313 | 19.935131904 | 0.057479563 | 49.233568627 | 108.37725453 |
Q3 2021 | 29.720540035 | 10.873483596 | 19.384027286 | 3.135794617 | 48.462005218 | 111.14460069 |
Q4 2021 | 29.905299369 | 11.197614168 | 38.86368166 | -0.109560588 | 27.02212888 | 108.32491588 |
Q1 2022 | 30.124159472 | 11.268780019 | 21.509582103 | 1.567177034 | 51.54744919 | 115.71434284 |
Q2 2022 | 31.325131266 | 11.426313794 | 25.427627353 | 3.869218013 | 47.38824588 | 118.23596003 |
Q3 2022 | 31.437796656 | 11.695883212 | 27.807897671 | 4.198407753 | 45.08892229 | 121.0301152 |
Q4 2022 | 31.765454876 | 11.609431279 | 27.278420415 | -0.011131847 | 46.70640387 | 119.98757208 |
Q1 2023 | 31.777530846 | 11.159132079 | 22.501375512 | 2.540669709 | 48.39501074 | 116.83181065 |
Q2 2023 | 32.059425062 | 11.642117492 | 23.667487788 | 5.385469211 | 41.44049855 | 117.37423214 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2021 | 5.6577736965 | 5.3585841747 | 7.6000319313 | 18.616389803 |
Q2 2021 | 6.3726723239 | 5.4561903573 | 8.106269223 | 19.935131904 |
Q3 2021 | 6.2561043382 | 4.3744646372 | 8.7534583107 | 19.384027286 |
Q4 2021 | 6.8805613876 | 5.3606001549 | 26.622520117 | 38.86368166 |
Q1 2022 | 6.5117413029 | 5.9406013489 | 9.0572394509 | 21.509582103 |
Q2 2022 | 6.668628167 | 7.3382933564 | 11.42070583 | 25.427627353 |
Q3 2022 | 6.6101185155 | 7.1230439368 | 14.074735219 | 27.807897671 |
Q4 2022 | 6.36832546 | 6.7436035936 | 14.166491361 | 27.278420415 |
Q1 2023 | 6.7795611827 | 6.6044083244 | 9.1174060046 | 22.501375512 |
Q2 2023 | 6.5117547929 | 6.8810977426 | 10.274635252 | 23.667487788 |
Get the data: NAQ04
On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by 0.5%. Personal Consumption showed an increase of 2.4% while Government expenditure grew by 2.1% over the same period. Exports of Goods and Services decreased by 2.8% (or €4.5 billion) in Q2 2023 compared with the same quarter of 2022. Imports of Goods and Services grew by 1.1% (or €1.3 billion) over the same period. Net Exports therefore decreased by 12.2% (or €5.7 billion) over the period year-on-year.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q2 2023 Updates Tables (XLS 52KB)
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