Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q4 20212 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 42,971 | -12.2 |
Information and Communication | 17,982 | 7.8 |
Professional, Admin and Support Services | 9,422 | -0.6 |
Public Admin, Education and Health | 9,329 | 1.8 |
Distribution, Transport, Hotels and Restaurants | 8,518 | 2.6 |
Real Estate Activities | 5,131 | -0.2 |
Financial and Insurance Activities | 3,744 | 0.4 |
Construction | 2,037 | 6.2 |
Arts, Entertainment and Other Services | 1,017 | 10.3 |
Agriculture, Forestry and Fishing | 753 | -15.1 |
Gross Domestic Product | 104,408 | -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 2021 | Q3 2021 | |
Industry (excl. Construction) | 42.970931268 | 48.962999195 |
Information and Communication | 17.981633046 | 16.678505116 |
Professional, Admin and Support Services | 9.422090114 | 9.474482525 |
Public Admin, Education and Health | 9.32903648 | 9.159752704 |
Distribution, Transport, Hotels and Restaurants | 8.518416374 | 8.304931008 |
Real Estate Activities | 5.130791022 | 5.141081841 |
Financial and Insurance Activities | 3.74419258 | 3.729820273 |
Construction | 2.036669157 | 1.917326424 |
Arts, Entertainment and Other Services | 1.017431742 | 0.922529155 |
Agriculture Forestry and Fishing | 0.752963726 | 0.886958405 |
Get the data: NQQ47
Column1 | Q4 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 |
Construction | 6.22443479139156 |
Information and Communication | 7.81321779701878 |
Arts, Entertainment and Other Services | 10.2872181855326 |
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 | 106.137722892249 | 106.894603493411 | 103.592800104342 | 99.0776413475715 | 115.929744147765 | 96.8907128187509 | 101.019358995893 | 101.661402258989 | 99.7556877922288 | 98.5188730778539 |
Q3 2019 | 100.254006413963 | 111.52169810983 | 113.281592157558 | 97.3776973757564 | 110.564780259904 | 103.027134110252 | 102.36672109238 | 99.6894268855063 | 101.014725204618 | 99.5662739083249 |
Q4 2019 | 118.457207972379 | 113.610867026868 | 104.100861192649 | 96.5273679292751 | 112.04591133685 | 101.824435688957 | 101.011137747984 | 99.888462226432 | 101.784302236034 | 93.5503643564097 |
Q1 2020 | 105.101798265919 | 123.65105762239 | 102.173943086686 | 96.306151502136 | 120.087383579927 | 93.6635089948442 | 101.719579170967 | 94.5603930230898 | 102.588256854921 | 93.7847508856896 |
Q2 2020 | 106.003883779964 | 127.812206970152 | 72.3883929488402 | 59.4636026526459 | 112.008322147947 | 95.9686406285054 | 96.6348517655234 | 87.0452694815575 | 99.3314216120019 | 66.5525360609803 |
Q3 2020 | 102.833413491436 | 133.22978930588 | 100.027520582564 | 80.0809737286232 | 146.049515461351 | 89.6505191862125 | 98.375883196264 | 90.8856592550143 | 100.778481206735 | 65.725669117753 |
Q4 2020 | 103.144288805645 | 143.176513598276 | 103.36607349495 | 81.4463639659178 | 116.868305673426 | 90.6529962658578 | 102.174244787861 | 91.1499574710673 | 101.005083295586 | 65.9475426011496 |
Q1 2021 | 98.8197276228751 | 158.182181446651 | 73.0469017853153 | 79.9955421086957 | 134.712555879981 | 94.2109451432061 | 102.351031210711 | 91.453316512542 | 102.040954428575 | 78.3469530654116 |
Q2 2021 | 95.6902601860475 | 162.440616125545 | 89.3397518348157 | 82.2109101502731 | 139.956157974382 | 96.9594592084383 | 103.231113083769 | 94.7350588837384 | 104.450737620229 | 81.1712731301587 |
Q3 2021 | 117.453094896536 | 176.494412947988 | 96.0426722095804 | 86.4422270324288 | 141.958310285046 | 93.9756018899428 | 102.692577450903 | 97.4663019250397 | 104.844820439522 | 80.2478251317208 |
Q4 2021 | 99.7092078557251 | 154.895112894728 | 102.020785713176 | 88.6642985292416 | 153.049822248584 | 94.3377228775543 | 102.48701940692 | 96.9273284733887 | 106.782484879992 | 88.5030939921656 |
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2021 Updates Tables (XLS 60KB)
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