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GDP by Sector

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Decrease of 5.4% in GDP (seasonally adjusted) in Quarter 4

Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q4 20212
 Amount €mQuarterly % change
Industry (excl. Construction)42,971-12.2
Information and Communication17,9827.8
Professional, Admin and Support Services9,422-0.6
Public Admin, Education and Health9,3291.8
Distribution, Transport, Hotels and Restaurants8,5182.6
Real Estate Activities5,131-0.2
Financial and Insurance Activities3,7440.4
Construction2,0376.2
Arts, Entertainment and Other Services1,01710.3
Agriculture, Forestry and Fishing753-15.1
Gross Domestic Product104,408-5.4
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 MNE dominated Information & Communication sector recorded strong growth in Q4 compared with the previous quarter, an increase of 7.8%. The domestically dominated Distribution, Transport, Hotels & Restaurants sector increased by 2.6% following the further easing of COVID restrictions during the initial part of the quarter, however the subsequent emergence of the Omicron COVID variant later in Q4 had an impact in particular for the results for the month of December. The Arts & Entertainment sector rose by 10.3% quarter-on-quarter while the Public Administration, Education & Health sector increased by 1.8% over the period compared with Q3 2021. The Construction sector grew by 6.2% over the same period with Finance & Insurance exhibiting a modest increase of 0.4%. The Industry (excluding Construction) sector declined by 12.2% in Q4 2021 while quarter-on-quarter decreases were also recorded in the Agriculture sector (15.1%), Professional & Administrative services (0.6%) and Real Estate (0.2%). (See Table 2.5). 

Comparisons with Q4 2020
Estimates for the fourth quarter of 2021 indicate that there was an increase of 9.6% in GDP in real terms in Q4 2021 compared with Q4 2020. The MNE-dominated Information & Communication sector made the most positive contribution to the Q4 result, rising by 30.3% year-on-year while the Distribution, Transport, Hotels & Restaurants sector exhibited an increase of 8.9% compared with the same quarter of 2020. Industry (excluding Construction) and the Professional & Administrative Services sector both grew by 6.5% year-on-year. The Arts & Entertainment sector increased by 34.4% in Q4 2021 but it must be recalled that this increase was from a low base given that Q4 2020 was a quarter affected by significant COVID restrictions for large portions of the sector. Year-on-year increases were also recorded in Public Administration, Education & Health (5.8%), Financial & Insurance activities (2.8%) and Real Estate activities (0.4%). Construction was little changed over the same period in 2020 while the Agriculture sector exhibited a decline of 4.9% year-on-year. (See Table 2.3)

Q4 2021Q3 2021
Industry (excl. Construction)42.97093126848.962999195
Information and Communication17.98163304616.678505116
Professional, Admin and Support Services9.4220901149.474482525
Public Admin, Education and Health9.329036489.159752704
Distribution, Transport, Hotels and Restaurants8.5184163748.304931008
Real Estate Activities5.1307910225.141081841
Financial and Insurance Activities3.744192583.729820273
Construction2.0366691571.917326424
Arts, Entertainment and Other Services1.0174317420.922529155
Agriculture Forestry and Fishing0.7529637260.886958405

Get the data: NQQ47

Column1Q4 2021
Agriculture
Forestry
and Fishing
-15.1072111436838
Industry
(excl.
Construction)
-12.2379511580489
Professional,
Admin and
Support
Services
-0.552984406924106
Real
Estate
Activities
-0.200168355966068
Financial and
Insurance
Activities
0.385335108612095
Public Admin,
Education
and Health
1.84812605176639
Distribution,
Transport,
Hotels and
Restaurants
2.57058566524337
Construction6.22443479139156
Information and
Communication
7.81321779701878
Arts,
Entertainment
and Other
Services
10.2872181855326
Agriculture Forestry and FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other Services
Q1 2019100100100100100100100100100100
Q2 2019106.137722892249106.894603493411103.59280010434299.0776413475715115.92974414776596.8907128187509101.019358995893101.66140225898999.755687792228898.5188730778539
Q3 2019100.254006413963111.52169810983113.28159215755897.3776973757564110.564780259904103.027134110252102.3667210923899.6894268855063101.01472520461899.5662739083249
Q4 2019118.457207972379113.610867026868104.10086119264996.5273679292751112.04591133685101.824435688957101.01113774798499.888462226432101.78430223603493.5503643564097
Q1 2020105.101798265919123.65105762239102.17394308668696.306151502136120.08738357992793.6635089948442101.71957917096794.5603930230898102.58825685492193.7847508856896
Q2 2020106.003883779964127.81220697015272.388392948840259.4636026526459112.00832214794795.968640628505496.634851765523487.045269481557599.331421612001966.5525360609803
Q3 2020102.833413491436133.22978930588100.02752058256480.0809737286232146.04951546135189.650519186212598.37588319626490.8856592550143100.77848120673565.725669117753
Q4 2020103.144288805645143.176513598276103.3660734949581.4463639659178116.86830567342690.6529962658578102.17424478786191.1499574710673101.00508329558665.9475426011496
Q1 202198.8197276228751158.18218144665173.046901785315379.9955421086957134.71255587998194.2109451432061102.35103121071191.453316512542102.04095442857578.3469530654116
Q2 202195.6902601860475162.44061612554589.339751834815782.2109101502731139.95615797438296.9594592084383103.23111308376994.7350588837384104.45073762022981.1712731301587
Q3 2021117.453094896536176.49441294798896.042672209580486.4422270324288141.95831028504693.9756018899428102.69257745090397.4663019250397104.84482043952280.2478251317208
Q4 202199.7092078557251154.895112894728102.02078571317688.6642985292416153.04982224858494.3377228775543102.4870194069296.9273284733887106.78248487999288.5030939921656
Table 2.2 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Price

Table 2.3 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2019)2

Table 2.4 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices - Seasonally Adjusted

Table 2.5 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2019)2 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2021 Updates Tables (XLS 60KB)


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