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GDP - Expenditure

GDP - Expenditure

Personal Consumption Expenditure increased by 0.7% in Q3 2023

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 3.1 Expenditure Components of GDP1, Q3 20232
 Amount €mQuarterly % change
Personal Consumption of Goods and Services32,3200.7
Net Expenditure by Central and Local Government on Current Goods and Services11,7221.7
Gross Domestic Fixed Capital Formation22,428-3.7
Net Exports41,452 
     Exports of Goods and Services154,993-2.1
     Less Imports of Goods and Services-113,541-1.7
Gross Domestic Product115,160-1.9
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 decreased by 7.4% in Q3 compared with the previous quarter and accounted for 37.4% of total domestic demand in Q3 2023.

Personal Consumption Expenditure grew by 0.7% in Q3 2023 compared to Q2 2023, while Government expenditure increased by 1.7% over the same period. Real GDP declined by 1.9%.

Personal Consumption ExpenditureGovernment ExpenditureGross Fixed Capital FormationValue of Physical Changes in StocksNet ExportsGDP
Q1 202125.22071478211.22495477618.5736142962.12384960948.852983807105.35824877
Q2 202128.8681113411.15996100519.9225815160.05747956349.264304024108.17860739
Q3 202129.73904760710.84892575819.4598466633.13579461748.8507976111.703217
Q4 202129.93029289111.18518639338.839872582-0.10956058827.22906644108.44722043
Q1 202230.08124463811.28568025121.4498987941.56717703450.68086955115.09702723
Q2 202231.30817568411.47282866425.4121421583.86921801347.29805372117.90290306
Q3 202231.47191971211.6351256727.9249197024.19840775346.03665797122.01502756
Q4 202231.79925825211.59455156127.2216834-0.01113184746.88835461120.08855682
Q1 202331.86001830411.17628793422.4568679762.54289760750.64090872117.83301159
Q2 202332.10404370311.52363882923.2865674015.16133894242.78227096117.40352652
Q3 202332.32034175211.72165653722.4279722973.92108406541.4521351115.15980766

Get the data: NAQ04

Building & ConstructionMachinery & EquipmentIntangiblesGross Domestic Fixed Capital Formation
Q1 20215.6326196575.34553823867.595456400318.573614296
Q2 20216.38668576435.43527289468.100622857119.922581516
Q3 20216.27566702024.4135499098.770629734119.459846663
Q4 20216.86980528345.353808144226.61625915438.839872582
Q1 20226.47337193165.92875041489.047776447821.449898794
Q2 20226.6809300917.31708188211.41413018525.412142158
Q3 20226.64779323197.173790512514.10333595827.924919702
Q4 20226.34515448466.723885736314.15264317927.2216834
Q1 20236.72881100436.59895454219.129102429822.456867976
Q2 20236.3769270266.856881705710.05275866923.286567401
Q3 20236.35588031676.35516347379.716928506722.427972297

Get the data: NAQ04

Comparisons with Q3 2022

On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by 18.3%. Personal Consumption showed an increase of 2.6% while Government expenditure grew by 1.2% over the same period. Exports of Goods and Services decreased by 9.8% (or €16.9 billion) in Q3 2023 compared with the same quarter of 2022. Imports of Goods and Services decreased by 9.8% (or €12.1 billion) over the same period. Net Exports therefore decreased by 9.8% (or €4.9 billion) over the period year-on-year.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

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

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

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

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

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q3 2023 Updates Tables (XLS 56KB)