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GDP - Expenditure

GDP - Expenditure

Personal Consumption Expenditure flat in Q4 2023

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 3.1 Expenditure Components of GDP1, Q4 20232
 Amount €mQuarterly % change
Personal Consumption of Goods and Services32,3430.0
Net Expenditure by Central and Local Government on Current Goods and Services12,0221.2
Gross Domestic Fixed Capital Formation37,00965.4
Net Exports22,472 
     Exports of Goods and Services152,295-1.0
     Less Imports of Goods and Services-129,82214.6
Gross Domestic Product110,443-3.4
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 €13.7 billion in Q4 compared with the previous quarter and accounted for 47.4% of total domestic demand in Q4 2023.

Personal Consumption Expenditure was largely unchanged in Q4 2023 compared to Q3 2023, while Government expenditure increased by 1.2% over the same period. There was an overall decrease in real GDP of 3.4%.

Personal Consumption ExpenditureGovernment ExpenditureGross Fixed Capital FormationValue of Physical Changes in StocksNet ExportsGDP
Q1 202125.22490958511.21825696818.5428238422.12384960948.877406429105.04113879
Q2 202128.86331483611.16703795519.9542490890.05747956349.262774829108.08058611
Q3 202129.71168560510.86790698119.4326782093.13579461748.532468917111.26730925
Q4 202129.9661272111.16267197538.868953867-0.10956058827.55836997109.34534422
Q1 202230.08257470711.27375227121.4065365891.56717703450.68817893114.64462284
Q2 202231.30551166211.48782046425.4167315323.86921801347.3463847117.80346039
Q3 202231.40741445511.67044889227.9087099234.19840775345.40090355121.3146932
Q4 202231.87251249311.55247498227.275794956-0.01113184747.47028452121.52696002
Q1 202331.85793118611.24774873622.4101349882.52881287750.62758472117.44289064
Q2 202332.11463284811.61649281223.1834449265.14725421342.69597215117.28560177
Q3 202332.33305175811.88393930222.373865773.7888521740.52823564114.35311976
Q4 202332.34307843612.02199589737.0092980362.90000690522.47242917110.44325862

Get the data: NAQ04

Building & ConstructionMachinery & EquipmentIntangiblesGross Domestic Fixed Capital Formation
Q1 20215.62475368135.34566198367.572408177418.542823842
Q2 20216.38938329515.45941546718.105450326419.954249089
Q3 20216.27415727564.38010538428.778415549419.432678209
Q4 20216.87690843625.361779095926.63026633538.868953867
Q1 20226.45733565955.93368557029.015515359421.406536589
Q2 20226.68706992827.311873747511.41778785625.416731532
Q3 20226.6437391767.151484029314.11348671827.908709923
Q4 20226.35750259566.740012553914.17827980627.275794956
Q1 20236.70407306836.61014445299.095917466822.410134988
Q2 20236.38530939196.728268604110.0698669323.183444926
Q3 20236.42225052526.18923673799.762378506822.37386577
Q4 20236.36191651536.45567380924.19170771237.009298036

Get the data: NAQ04

Comparisons with Q4 2022

On the expenditure side of the accounts (Table 3.3), Capital Investment grew by €12.6 billion compared to the same quarter of 2022. Personal Consumption showed an increase of 1.5% while Government expenditure grew by 4.5% over the same period. Exports of Goods and Services decreased by 9.4% (or €16.6 billion) while Imports of Goods and Services increased by 5.9% (or €7.8 billion) over the same period. Net Exports therefore decreased by 55.0% (or €24.4 billion) 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 Q4 2023 Updates Tables (XLS 60KB)