Table 3.1 Expenditure Components of GDP1, Q3 20232 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 32,320 | 0.7 |
Net Expenditure by Central and Local Government on Current Goods and Services | 11,722 | 1.7 |
Gross Domestic Fixed Capital Formation | 22,428 | -3.7 |
Net Exports | 41,452 | |
Exports of Goods and Services | 154,993 | -2.1 |
Less Imports of Goods and Services | -113,541 | -1.7 |
Gross Domestic Product | 115,160 | -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 Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2021 | 25.220714782 | 11.224954776 | 18.573614296 | 2.123849609 | 48.852983807 | 105.35824877 |
Q2 2021 | 28.86811134 | 11.159961005 | 19.922581516 | 0.057479563 | 49.264304024 | 108.17860739 |
Q3 2021 | 29.739047607 | 10.848925758 | 19.459846663 | 3.135794617 | 48.8507976 | 111.703217 |
Q4 2021 | 29.930292891 | 11.185186393 | 38.839872582 | -0.109560588 | 27.22906644 | 108.44722043 |
Q1 2022 | 30.081244638 | 11.285680251 | 21.449898794 | 1.567177034 | 50.68086955 | 115.09702723 |
Q2 2022 | 31.308175684 | 11.472828664 | 25.412142158 | 3.869218013 | 47.29805372 | 117.90290306 |
Q3 2022 | 31.471919712 | 11.63512567 | 27.924919702 | 4.198407753 | 46.03665797 | 122.01502756 |
Q4 2022 | 31.799258252 | 11.594551561 | 27.2216834 | -0.011131847 | 46.88835461 | 120.08855682 |
Q1 2023 | 31.860018304 | 11.176287934 | 22.456867976 | 2.542897607 | 50.64090872 | 117.83301159 |
Q2 2023 | 32.104043703 | 11.523638829 | 23.286567401 | 5.161338942 | 42.78227096 | 117.40352652 |
Q3 2023 | 32.320341752 | 11.721656537 | 22.427972297 | 3.921084065 | 41.4521351 | 115.15980766 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2021 | 5.632619657 | 5.3455382386 | 7.5954564003 | 18.573614296 |
Q2 2021 | 6.3866857643 | 5.4352728946 | 8.1006228571 | 19.922581516 |
Q3 2021 | 6.2756670202 | 4.413549909 | 8.7706297341 | 19.459846663 |
Q4 2021 | 6.8698052834 | 5.3538081442 | 26.616259154 | 38.839872582 |
Q1 2022 | 6.4733719316 | 5.9287504148 | 9.0477764478 | 21.449898794 |
Q2 2022 | 6.680930091 | 7.317081882 | 11.414130185 | 25.412142158 |
Q3 2022 | 6.6477932319 | 7.1737905125 | 14.103335958 | 27.924919702 |
Q4 2022 | 6.3451544846 | 6.7238857363 | 14.152643179 | 27.2216834 |
Q1 2023 | 6.7288110043 | 6.5989545421 | 9.1291024298 | 22.456867976 |
Q2 2023 | 6.376927026 | 6.8568817057 | 10.052758669 | 23.286567401 |
Q3 2023 | 6.3558803167 | 6.3551634737 | 9.7169285067 | 22.427972297 |
Get the data: NAQ04
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.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q3 2023 Updates Tables (XLS 56KB)
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