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For more information on this release:
E-mail: nat_acc@cso.ie Gordon Cavanagh gordon.cavanagh@cso.ie (+353) 1 498 4307 Justin Flannery justin.flannery@cso.ie (+353) 1 498 4262 Oisín Mangan oisin.mangan@cso.ie (+353) 1 498 4089
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5775

This release was compiled during the COVID-19 crisis. The results contained in this release reflect some of the economic impacts of the COVID-19 situation.  For further information see Information Note on Implications of COVID-19 on the National Accounts.

CSO statistical release, , 11am

Quarterly National Accounts

Quarter 1 2020 Final

GDP and GNP (seasonally adjusted) at constant 2018 prices
Q1 2020
 Amount €mQuarterly % change
GDP88,6421.2
GNP68,4420.1

Quarterly increase of 1.2 per cent in Real GDP

Figure 1 Seasonally Adjusted annual growth rates(% change)
go to full release

On a seasonally adjusted basis, initial estimates indicate that GDP in volume terms increased by 1.2% for the first quarter of 2020. Real GNP increased by 0.1% over the same period. These headline results are unchanged compared with the Q1 2020 Provisional results issued 5 June 2020, however results for variables contributing to GDP and GNP have been revised arising from the annual NIE 2019 results also published today (Mon 20.07.2020).

Mixed results across economic sectors; COVID-19 impact

Value added of Industry (excluding Construction) rose by 9.2% in volume terms in Q1 2020 compared with the previous quarter. Information & Communication recorded an 8.5% increase in real terms with Real Estate activities recording a 1.0% increase, see Table 5. Financial and Insurance activities and Public Administration, Education and Health increased by 0.2% and 0.1% respectively over the same period.  Agriculture, Forestry and Fishing recorded a decline of 11.4% quarter-on-quarter with Arts and Entertainment declining 6.6%. Professional and Administrative Services contracted 4.5% over the period while Construction recorded a decline of 1.6%. Comparisons between these sectoral results and those issued in QNA Q1 2020 Provisional of 5 June are available in the revisions tables accompanying this release.

Globalisation effects in Capital Investment and Imports; Decline in Personal Consumption

On the expenditure side of the accounts (Table 7), Personal Consumption Expenditure decreased by 3.1% in Q1 2020 compared with the previous quarter and accounted for 28.4% of domestic demand. This unusually low percentage contribution to domestic demand for the second consecutive quarter is due to further significant Intellectual Property Products (IPP) related Capital Investment in Q1 2020. Following on from the globalisation effects in Capital Investment and Imports that took place in Q4 2019, overall Capital Investment in Q1 2020 rose by 34.8% compared with the previous quarter, to €71.4 billion, driven by IPP. Imports decreased by 4.5% in Q1 2020 compared with Q4 2019 but remained at an elevated level of €115.8 billion, driven to a significant extent by imports of IPP.  Exports increased by 0.1% which meant that overall net exports for the quarter exhibited a deficit of €1,694m (a decrease in the net deficit of €5,547m quarter-on-quarter or by 76.6%). Government expenditure showed an increase of 0.5% over the same period.

Final domestic demand declined by 0.9% in Q1 2020 over Q4 2019 due mainly to the significant COVID-19 related decline in Personal Consumption. While net exports decreased €5,574 million in the quarter to give a deficit of €1,694m, this together with the fall in Personal Consumption were offset by growth in the Industry and Information & Communication sectors resulting in an overall increase in real GDP in Q1 2020 of 1.2%. Factor Income outflows were 1.7% lower in Q1 2020 (€19,839m) compared with Q4 2019 (€20,190m) and consequently GNP increased by 0.1% in the period. Modified Domestic Demand, an indicator of domestic demand that excludes the impact of trade in aircraft by aircraft leasing companies and trade in research and development (R&D) related IPP service imports, decreased by 2.8% in Q1 2020 over Q4 2019, driven by falls in personal consumption and domestic capital investment of 3.1% and 3.6% respectively.

The calculation methods for quarterly accounts are similar to those used in the annual National Income and Expenditure. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates are subject to a greater margin of error than the annual figures. These preliminary estimates will therefore be revised when the next detailed annual results are published.

 

Comparisons with Q1 2019

Revised estimates for the first quarter of 2020 indicate that there was an increase of 5.1% in GDP in real terms in Q1 2020 compared with Q1 2019. Industry (excluding Construction) made the most positive contribution to the Q1 result, rising by 22.6% with Information & Communication recording an increase of 19.0%. Quarter-on-quarter increases were also recorded in Financial and Insurance activities (7.8%), Agriculture (7.2%), Construction (4.4%), Public Administration, Education and Health (3.9%), Real Estate activities (2.2%) and Professional & Administrative Services (0.6%). The Distribution, Transport, Hotels and Restaurants sector declined 3.9% year-on-year with Arts & Entertainment exhibiting a decline of 8.2%.

On the expenditure side of the accounts (Table 3) Capital Investment, driven by IPP, exhibited an increase of €30.8 billion (+160.8%) in Q1 2020 compared with Q1 2019 and accounted for 59% of domestic demand in Q1 2020. Imports increased by 47.7% year-on-year compared with Q1 2019, driven to a considerable extent by globalised IPP. Exports and imports were broadly in balance overall in Q1 2020, both registering €109 billion, which compared with net exports of €28.3 billion in Q1 2019.  Like the quarter-on-quarter results, these two impacts, on Capital Investment and Imports, are largely offsetting and do not have a significant effect on the GDP growth rates reported.  Personal Consumption Expenditure exhibited a year-on-year decline of 2.8% in the quarter. Final Domestic Demand increased by 60.3% in Q1 2020 compared with Q1 2019 while Modified Domestic Demand declined by 1.9% over the same period.

Factor income outflows were 0.3% higher than in the same quarter of 2019 resulting in an increase in GNP of 6.7% year-on-year.

FOR REVISIONS TABLES, PLEASE CLICK ON THE FOLLOWING LINK Quarterly National Accounts Revisions Tables 1 to 8 Quarter 1 2020 (XLS 64KB)

GDPGNP
2019 Q11.960909547121081.61093395917969
2019 Q22.312743141939650.866146349074938
2019 Q31.281476284151745.20379471141754
2019 Q40.4074226106763490.699707418015223
2020 Q11.229403133313810.14421494774966
GDPGNP
2019 Q11.960909547121081.61093395917969
2019 Q22.312743141939650.866146349074938
2019 Q31.281476284151745.20379471141754
2019 Q40.4074226106763490.699707418015223
2020 Q11.229403133313810.14421494774966
Table 1 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 2018)2€million
PeriodAgriculture Forestry and FishingIndustry (excl. Construction)of which ManufacturingConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other ServicesGVA at Constant Basic PricesTaxes less Subsidies on ProductsGDP at Constant Market PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
20142,69654,86049,5185,34229,24419,21517,25019,28622,43929,2913,200198,35717,640216,270-33,181183,693
20152,84899,24994,7655,69731,24522,41818,52819,49425,04530,2253,520251,81318,915270,719-61,368208,879
20163,13197,77993,2256,30833,10924,39816,96319,54426,08630,7013,898255,99120,115276,116-51,413224,799
20173,306101,29796,4917,15034,46931,20717,55319,89630,22831,8624,105280,45420,872301,324-62,424238,901
20182,907112,427107,4867,99335,84839,20818,59719,97033,89232,7354,201305,53321,453326,986-70,664256,322
20193,733116,112110,9128,59337,15245,96419,68520,23335,06333,9434,261322,21822,965345,184-80,149265,035
                 
2014                
Q152713,79512,4741,1577,0024,3033,9874,6905,3807,10578147,0574,58351,745-8,33743,529
Q299915,00613,7891,2457,0994,7733,9434,7635,4377,37580549,6633,71853,380-8,91444,573
Q370013,40111,8511,4557,5105,2984,5894,8575,6677,37580451,1304,91856,156-8,62947,683
Q447112,65811,4041,4847,6334,8414,7314,9765,9557,43681050,5064,42154,989-7,30147,908
2015                
Q159927,47826,3231,1967,5775,5754,3774,8396,0007,25285761,7924,97566,799-16,24450,371
Q294523,56822,4351,3087,4175,1604,3634,8026,1517,56584760,7164,02764,687-11,52653,242
Q374923,42222,2631,5248,1426,2854,7194,8946,4707,64487964,6185,45770,134-17,95751,927
Q455524,78023,7451,6688,1095,3975,0694,9586,4247,76493764,6874,45669,100-15,64253,339
2016                
Q173524,65523,4941,2018,2205,6044,0714,7736,3777,37794460,3665,52365,908-11,30654,675
Q21,08623,06221,9191,4697,9145,2284,1284,8676,3907,72194760,9784,34165,312-11,81753,535
Q378820,44519,2951,7758,6337,2064,2864,9186,6007,72797263,3435,59268,950-14,81254,060
Q452229,61828,5181,8638,3426,3604,4784,9866,7197,8761,03571,3044,66075,947-13,47962,529
2017                
Q177624,44823,1531,4928,5216,7724,0014,8717,2907,4991,00164,2575,76770,035-15,15754,867
Q21,12723,10621,9111,5768,1836,4134,1724,9377,4437,9021,03566,6434,05970,691-16,53754,123
Q387425,28824,0671,9048,9229,0844,5705,0017,7108,18699873,0945,96279,062-14,32564,771
Q452928,45627,3602,1788,8428,9394,8105,0867,7858,2761,07176,4605,08581,537-16,40565,140
2018                
Q170226,81425,6421,6798,7019,2134,2534,8687,8547,8721,04372,7025,72578,426-16,84361,583
Q294928,28826,9741,8278,7369,2384,3524,9478,4008,0671,00774,7254,25378,980-16,46262,519
Q372428,81027,5782,1829,44511,4474,7905,0098,5608,3531,08478,9336,36385,294-16,92568,369
Q453128,51527,2922,3058,9659,3105,2025,1469,0778,4431,06679,1735,11284,286-20,43463,851
2019                
Q183726,53325,3101,7889,18810,1714,4494,9278,4347,9741,06675,6516,22981,880-19,35062,530
Q21,17728,51127,1471,8548,86911,6694,5115,0038,6498,4151,03378,7354,68683,421-20,92062,502
Q389830,85829,5312,4179,48713,2275,1375,1218,6248,7211,07484,0366,61290,647-19,92370,724
Q482230,21028,9242,5359,60810,8975,5885,1839,3568,8341,08883,7975,43889,235-19,95669,279
2020                
Q189832,52731,2231,8678,83312,1054,7965,0378,4888,28297981,7744,32286,097-19,40366,694
                
Percentage change on corresponding period of previous year
201426.710.510.56.86.212.93.24.213.11.04.68.510.08.6 9.0
20155.680.991.46.66.816.77.41.111.63.210.026.97.225.2 13.7
20169.9-1.5-1.610.76.08.8-8.40.34.21.610.81.76.32.0 7.6
20175.63.63.513.34.127.93.51.815.93.85.39.63.89.1 6.3
2018-12.111.011.411.84.025.65.90.412.12.72.48.92.88.5 7.3
201928.43.33.27.53.617.25.81.33.53.71.45.57.05.6 3.4
                 
2014                
Q135.06.66.314.88.57.74.74.112.01.12.89.04.28.5 8.7
Q229.414.115.012.36.115.10.94.011.81.24.57.818.38.6 10.7
Q37.910.49.65.65.919.23.44.415.10.65.98.52.27.9 7.6
Q448.210.710.9-1.44.59.43.64.513.41.05.48.720.29.7 9.0
2015                
Q113.899.2111.03.48.229.59.83.211.52.19.731.38.629.1 15.7
Q2-5.457.162.75.04.58.110.70.813.12.65.222.38.321.2 19.4
Q37.174.887.94.78.418.62.80.814.23.69.326.411.024.9 8.9
Q417.895.8108.212.46.211.57.2-0.47.94.415.828.10.825.7 11.3
2016                
Q122.7-10.3-10.70.48.50.5-7.0-1.46.31.710.2-2.311.0-1.3 8.5
Q214.9-2.2-2.312.36.71.3-5.41.33.92.111.80.47.81.0 0.6
Q35.1-12.7-13.316.56.014.7-9.20.52.01.110.6-2.02.5-1.7 4.1
Q4-5.819.520.111.72.917.8-11.70.64.61.410.410.24.69.9 17.2
2017               
Q15.5-0.8-1.424.23.720.8-1.72.114.31.66.06.44.46.3 0.4
Q23.80.2-0.07.33.422.71.11.416.52.39.39.3-6.58.2 1.1
Q311.023.724.77.33.326.16.61.716.85.92.615.46.614.7 19.8
Q41.3-3.9-4.116.96.040.57.42.015.95.13.57.29.17.4 4.2
2018                
Q1-9.59.710.712.52.136.16.3-0.17.75.04.213.1-0.712.0 12.2
Q2-15.822.423.116.06.844.14.30.212.92.1-2.612.14.811.7 15.5
Q3-17.213.914.614.65.926.04.80.211.02.08.78.06.77.9 5.6
Q40.30.2-0.25.81.44.28.11.216.62.0-0.43.50.53.4 -2.0
2019                
Q119.2-1.0-1.36.55.610.44.61.27.41.32.24.18.84.4 1.5
Q223.90.80.61.41.526.33.71.13.04.32.65.410.25.6 -0.0
Q324.07.17.110.80.415.67.22.20.84.4-0.96.53.96.3 3.4
Q454.85.96.010.07.217.07.40.73.14.62.05.86.45.9 8.5
2020                
Q17.222.623.44.4-3.919.07.82.20.63.9-8.28.1-30.65.1 6.7
1See Background Notes for detailed Nace A10 sector descriptions
2Chain linked series not additive
Table 2 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices€million
PeriodAgriculture Forestry and FishingIndustry (excl. Construction)of which ManufacturingConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other ServicesStatistical DiscrepancyGVA at Current Basic PricesTaxes less Subsidies on ProductsGDP at Current Market PricesNet Factor Income from Rest of WorldGNP at Current Market Prices
20142,42843,89939,0244,46328,91919,01114,91513,77320,11427,8363,542-1,298177,60217,546195,148-31,407163,741
20152,35495,94091,6424,93130,12422,85316,52315,05824,53528,5643,462-251244,09418,760262,853-62,043200,810
20162,55794,30189,7265,76832,76524,68716,72616,13326,03529,4113,539-1,061250,86019,949270,809-51,082219,728
20173,482102,06697,4237,34935,24831,32718,21016,86430,17731,1524,012-268279,61820,769300,387-62,251238,135
20182,907112,427107,4867,99335,84839,20818,59719,97033,89232,7354,201-2,245305,53321,453326,986-70,664256,322
20193,264117,292112,1528,64537,81249,84819,34623,03236,65134,5864,353-1,953332,87523,176356,051-81,721274,330
                  
2014                 
Q147311,0859,8799096,8994,2923,4623,3484,8196,748866-95641,9444,54346,487-7,82238,665
Q290112,07510,9121,1107,0304,7503,4443,4024,8707,013891-89944,5863,71348,299-8,39439,905
Q363010,7169,3411,1847,4445,2553,9553,4705,0787,0168915245,6924,90850,600-8,16342,436
Q442410,0238,8911,2607,5454,7144,0543,5545,3477,06089450645,3814,38249,763-7,02842,735
2015                 
Q149423,55422,3981,0587,2915,7343,9003,7345,8646,853843-95958,3664,90463,270-16,32046,949
Q279023,48322,4411,2527,1555,2493,8973,7116,0277,149832-59658,9504,00762,956-11,71151,245
Q362023,17222,1241,2477,8596,4344,2113,7826,3397,22486472862,4805,43767,917-18,12749,790
Q445025,73224,6801,3757,8195,4364,5153,8306,3057,33892257764,2984,41268,710-15,88452,826
2016                 
Q160222,46521,2931,1418,1535,6454,0073,9396,3707,065857-1,12259,1225,43864,560-11,28153,279
Q288621,66220,5321,4657,8245,3604,0834,0176,3707,397861-83159,0944,32563,419-11,61951,800
Q364322,23621,1161,5468,5227,2784,2294,0616,5867,405883-22363,1665,57768,743-14,72754,016
Q442727,93826,7851,6168,2666,4034,4084,1166,7097,5449371,11569,4794,60974,088-13,45660,633
2017                 
Q181524,53523,2741,6178,7306,6684,1234,1287,2917,331977-1,89864,3205,70770,027-15,41254,615
Q21,15522,13420,9881,7758,3606,3834,3114,1857,4387,7251,0121,93366,4114,05270,463-16,67153,792
Q391824,63723,5411,8729,1229,1604,7544,2407,6928,00397192872,2975,95778,253-14,20464,049
Q459430,76029,6192,0849,0369,1165,0214,3117,7568,0931,051-1,23276,5915,05381,644-15,96565,679
2018                 
Q170427,36426,0861,6508,8149,1124,2444,8667,8667,8721,04343673,9705,68079,650-17,14262,509
Q295525,73224,5321,9498,7009,2574,3644,9478,4028,0641,00837573,7514,25278,004-16,45361,550
Q372329,18027,9902,1359,34611,4004,7905,0148,5648,3541,084-1,95278,6376,40585,041-16,98968,052
Q452530,15128,8782,2608,9899,4385,1995,1449,0608,4461,066-1,10379,1755,11684,291-20,07964,211
2019                 
Q173128,10326,7791,8619,34810,8894,3465,6068,8248,1161,088-21478,6976,23284,929-19,92265,007
Q21,04126,32225,0072,0329,03112,5664,4155,6959,0398,5711,05542180,1884,74384,931-21,25863,673
Q378330,38729,1832,2929,67214,2775,0605,8319,0228,8921,097-79186,5236,70293,225-20,38972,836
Q471032,48131,1822,4599,76112,1165,5265,9009,7669,0071,112-1,36987,4675,49992,966-20,15372,813
2020                 
Q182635,17334,0182,1628,97912,8594,5755,8598,4158,5371,038-2,03886,3844,36990,753-20,01470,739
                  
Percentage change on corresponding period of previous year
201424.89.210.527.42.113.016.210.015.11.73.7 8.510.28.6 8.9
2015-3.1118.5134.810.54.220.210.89.322.02.6-2.3 37.46.934.7 22.6
20168.7-1.7-2.117.08.88.01.27.16.13.02.2 2.86.33.0 9.4
201736.18.28.627.47.626.98.94.515.95.913.4 11.54.110.9 8.4
2018-16.510.210.38.81.725.22.118.412.35.14.7 9.33.38.9 7.6
201912.34.34.38.25.527.14.015.38.15.73.6 8.98.08.9 7.0
                  
2014                 
Q130.96.27.828.53.510.218.89.813.81.72.0 7.74.37.4 7.8
Q229.513.615.735.22.115.414.79.813.81.93.6 8.118.78.9 10.9
Q37.19.59.124.42.219.615.810.217.11.45.1 8.62.58.0 7.7
Q441.07.49.123.10.76.615.610.315.71.64.3 9.520.210.4 9.3
2015                 
Q14.3112.5126.716.45.733.612.711.621.71.6-2.7 39.27.936.1 21.4
Q2-12.294.5105.612.81.810.513.29.123.81.9-6.6 32.27.930.3 28.4
Q3-1.6116.2136.85.35.622.46.59.024.83.0-3.0 36.710.834.2 17.3
Q46.1156.7177.69.13.615.311.47.817.93.93.2 41.70.738.1 23.6
2016                 
Q121.9-4.6-4.97.911.8-1.62.75.58.63.11.7 1.310.92.0 13.5
Q212.1-7.8-8.517.09.42.14.88.25.73.53.5 0.27.90.7 1.1
Q33.7-4.0-4.624.08.413.10.47.43.92.52.1 1.12.61.2 8.5
Q4-5.18.68.517.55.717.8-2.47.56.42.81.6 8.14.57.8 14.8
2017                 
Q135.59.29.341.77.118.12.94.814.53.814.1 8.85.08.5 2.5
Q230.32.22.221.26.919.15.64.216.84.417.5 12.4-6.311.1 3.8
Q342.810.811.521.17.025.912.44.416.88.19.9 14.56.813.8 18.6
Q439.210.110.629.09.342.413.94.715.67.312.2 10.29.610.2 8.3
2018                 
Q1-13.711.512.12.01.036.72.917.97.97.46.7 15.0-0.513.7 14.5
Q2-17.316.316.99.84.145.01.218.213.04.4-0.4 11.14.910.7 14.4
Q3-21.318.418.914.02.524.50.818.211.34.411.7 8.87.58.7 6.2
Q4-11.6-2.0-2.58.4-0.53.53.519.316.84.41.4 3.41.23.2 -2.2
2019                 
Q13.82.72.712.86.119.52.415.212.23.14.4 6.49.76.6 4.0
Q29.02.31.94.33.835.71.215.17.66.34.7 8.711.58.9 3.4
Q38.44.14.37.43.525.25.616.35.46.41.2 10.04.69.6 7.0
Q435.37.78.08.88.628.46.314.77.86.64.3 10.57.510.3 13.4
2020                 
Q113.125.227.016.2-3.918.15.34.5-4.65.2-4.6 9.8-29.96.9 8.8
1See Background Notes for detailed Nace A10 sector descriptions
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2018)1€million
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationValue of Physical Changes in StocksExports of Goods and ServicesImports of Goods and ServicesGDP at Constant Market PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
201492,68827,46843,6522,849227,171-185,482216,270-33,181183,693
201595,63828,11165,5494,167316,330-245,661270,719-61,368208,879
2016100,38429,35898,8834,735329,479-291,995276,116-51,413224,799
2017102,77530,46698,8594,164359,873-295,276301,324-62,424238,901
2018105,62632,22792,7491,352399,897-307,110326,986-70,664256,322
2019108,98634,265162,1341,736442,084-406,544345,184-80,149265,035
          
2014         
Q122,3176,75910,4121,05251,076-42,36451,745-8,33743,529
Q222,3907,04710,10013857,253-46,00853,380-8,91444,573
Q322,9136,89711,16648759,028-45,82656,156-8,62947,683
Q425,0696,76511,9741,17359,813-51,28454,989-7,30147,908
2015         
Q123,1306,92512,72554773,932-54,17266,799-16,24450,371
Q222,9966,98614,51181076,821-58,88164,687-11,52653,242
Q323,7557,02915,0492,19481,014-59,70970,134-17,95751,927
Q425,7567,17123,26361684,564-72,89969,100-15,64253,339
2016         
Q124,7507,14919,65275978,743-68,58765,908-11,30654,675
Q224,0027,23225,09546981,232-74,17765,312-11,81753,535
Q324,6957,39823,51551082,676-69,76668,950-14,81254,060
Q426,9377,57930,6212,99786,828-79,46475,947-13,47962,529
2017         
Q125,1367,38515,461-64482,627-62,13870,035-15,15754,867
Q224,4687,47853,2611,80285,764-101,28770,691-16,53754,123
Q325,6017,74614,2552,90289,384-60,29379,062-14,32564,771
Q427,5707,85715,882105102,098-71,55881,537-16,40565,140
2018         
Q125,6597,70814,9592,49190,173-62,77978,426-16,84361,583
Q225,4548,01516,09421398,429-70,24578,980-16,46262,519
Q326,3958,35118,929196100,174-70,20685,294-16,92568,369
Q428,1198,15242,768-1,548111,122-103,88084,286-20,43463,851
2019         
Q126,5208,35917,4781,690102,086-73,96781,880-19,35062,530
Q226,3788,48959,396-470107,938-119,26583,421-20,92062,502
Q327,1978,81421,3541,103110,983-80,33190,647-19,92370,724
Q428,8918,60363,907-586121,078-132,98189,235-19,95669,279
2020         
Q125,7728,46549,678321109,067-109,24386,097-19,40366,694
          
Percentage change on corresponding period of previous year 
20142.43.918.4 14.614.78.6 9.0
20153.22.350.2 39.232.425.2 13.7
20165.04.450.9 4.218.92.0 7.6
20172.43.8-0.0 9.21.19.1 6.3
20182.85.8-6.2 11.14.08.5 7.3
20193.26.374.8 10.532.45.6 3.4
          
2014         
Q11.57.515.1 11.38.58.5 8.7
Q22.49.617.4 12.312.18.6 10.7
Q32.30.619.6 17.517.97.9 7.6
Q43.1-1.321.3 17.219.99.7 9.0
2015         
Q13.62.522.2 44.727.929.1 15.7
Q22.7-0.943.7 34.228.021.2 19.4
Q33.71.934.8 37.230.324.9 8.9
Q42.76.094.3 41.442.125.7 11.3
2016         
Q17.03.254.4 6.526.6-1.3 8.5
Q24.43.572.9 5.726.01.0 0.6
Q34.05.356.3 2.116.8-1.7 4.1
Q44.65.731.6 2.79.09.9 17.2
2017         
Q11.63.3-21.3 4.9-9.46.3 0.4
Q21.93.4112.2 5.636.58.2 1.1
Q33.74.7-39.4 8.1-13.614.7 19.8
Q42.33.7-48.1 17.6-9.97.4 4.2
2018         
Q12.14.4-3.2 9.11.012.0 12.2
Q24.07.2-69.8 14.8-30.611.7 15.5
Q33.17.832.8 12.116.47.9 5.6
Q42.03.8169.3 8.845.23.4 -2.0
2019         
Q13.48.416.8 13.217.84.4 1.5
Q23.65.9269.1 9.769.85.6 -0.0
Q33.05.512.8 10.814.46.3 3.4
Q42.75.549.4 9.028.05.9 8.5
2020         
Q1-2.81.3184.2 6.847.75.1 6.7
1Chain linked series not additive
Table 4 Expenditure on Gross National Product at Current Market Prices€million
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationValue of Physical Changes in StocksExports of Goods and ServicesImports of Goods and ServicesStatistical DiscrepancyGDP at Current Market PricesNet Factor Income from Rest of WorldGNP at Current Market Prices
201488,59926,72740,2473,091214,350-179,1641,298195,148-31,407163,741
201592,01627,26563,1754,467320,565-244,886251262,853-62,043200,810
201697,00128,56297,0154,818328,235-285,8821,061270,809-51,082219,728
2017100,50130,22599,5174,249359,655-294,028268300,387-62,251238,135
2018105,62632,22792,7491,352399,897-307,1102,245326,986-70,664256,322
2019111,63134,829162,3621,486448,866-405,0761,953356,051-81,721274,330
           
2014          
Q121,1806,4889,5941,15047,722-40,60395646,487-7,82238,665
Q221,4176,7659,25212853,683-43,84689948,299-8,39439,905
Q322,0136,76610,18954755,610-44,474-5250,600-8,16342,436
Q423,9896,70811,2121,26757,334-50,241-50649,763-7,02842,735
2015          
Q122,0586,68811,97659374,441-53,44595963,270-16,32046,949
Q222,1286,76513,69490478,174-59,30459662,956-11,71151,245
Q323,0086,81214,1782,32281,927-59,603-72867,917-18,12749,790
Q424,8227,00123,32764786,023-72,534-57768,710-15,88452,826
2016          
Q123,8036,97219,20073678,730-66,0041,12264,560-11,28153,279
Q223,2757,04324,30640880,086-72,53183163,419-11,61951,800
Q323,9817,23722,80247982,459-68,43822368,743-14,72754,016
Q425,9417,30930,7073,19686,960-78,909-1,11574,088-13,45660,633
2017          
Q124,3787,24415,442-68584,294-62,5451,89870,027-15,41254,615
Q224,0057,43453,2511,90286,740-100,937-1,93370,463-16,67153,792
Q325,1067,71114,4143,02888,932-60,009-92878,253-14,20464,049
Q427,0127,83616,409499,689-70,5371,23281,644-15,96565,679
2018          
Q125,3767,82015,3792,49291,733-62,712-43679,650-17,14262,509
Q225,5208,00716,65417298,371-70,344-37578,004-16,45361,550
Q326,5608,29819,60293100,571-72,0341,95285,041-16,98968,052
Q428,1718,10241,115-1,404109,223-102,0201,10384,291-20,07964,211
2019          
Q126,9118,38417,7121,564104,779-74,63521484,929-19,92265,007
Q227,0098,67860,920-423109,212-120,044-42184,931-21,25863,673
Q327,9778,86521,9741,019113,129-80,52979193,225-20,38972,836
Q429,7338,90261,756-673121,747-129,8681,36992,966-20,15372,813
2020          
Q126,6798,74446,701340112,164-105,9112,03890,753-20,01470,739
           
Percentage change on corresponding period of previous year
20143.44.020.6 15.117.5 8.6 8.9
20153.92.057.0 49.636.7 34.7 22.6
20165.44.853.6 2.416.7 3.0 9.4
20173.65.82.6 9.62.8 10.9 8.4
20185.16.6-6.8 11.24.4 8.9 7.6
20195.78.175.1 12.231.9 8.9 7.0
           
2014          
Q12.05.918.3 8.610.3 7.4 7.8
Q23.65.318.9 12.413.3 8.9 10.9
Q33.52.520.9 17.821.0 8.0 7.7
Q44.22.423.7 21.225.0 10.4 9.3
2015          
Q14.13.124.8 56.031.6 36.1 21.4
Q23.3-0.048.0 45.635.3 30.3 28.4
Q34.50.739.2 47.334.0 34.2 17.3
Q43.54.4108.1 50.044.4 38.1 23.6
2016          
Q17.94.360.3 5.823.5 2.0 13.5
Q25.24.177.5 2.422.3 0.7 1.1
Q34.26.260.8 0.614.8 1.2 8.5
Q44.54.431.6 1.18.8 7.8 14.8
2017          
Q12.43.9-19.6 7.1-5.2 8.5 2.5
Q23.15.6119.1 8.339.2 11.1 3.8
Q34.76.5-36.8 7.8-12.3 13.8 18.6
Q44.17.2-46.6 14.6-10.6 10.2 8.3
2018          
Q14.17.9-0.4 8.80.3 13.7 14.5
Q26.37.7-68.7 13.4-30.3 10.7 14.4
Q35.87.636.0 13.120.0 8.7 6.2
Q44.33.4150.6 9.644.6 3.2 -2.2
2019          
Q16.17.215.2 14.219.0 6.6 4.0
Q25.88.4265.8 11.070.7 8.9 3.4
Q35.36.812.1 12.511.8 9.6 7.0
Q45.59.950.2 11.527.3 10.3 13.4
2020          
Q1-0.94.3163.7 7.041.9 6.9 8.8
Table 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 2018)2 - Seasonally Adjusted€million
PeriodAgriculture Forestry and FishingIndustry (excl. Construction)of which ManufacturingConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other ServicesGVA at Constant Basic PricesTaxes less Subsidies on ProductsGDP at Constant Market PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
2014                
Q155213,10911,8481,3247,1274,2944,2384,7505,3827,30577948,1244,20252,475-8,17343,953
Q268014,60313,3151,3597,3025,0304,2014,7945,5067,32980649,7264,47754,042-7,99545,171
Q371313,91212,4021,3457,3444,9384,4154,8445,6807,32081050,1824,24354,720-8,66246,654
Q472613,24711,9431,3057,4884,9404,3734,8925,8717,32080350,0264,79854,771-8,32747,994
2015                
Q164726,19325,0711,3947,6485,5834,6574,9086,0087,47285563,1644,57567,741-16,14450,596
Q264923,34822,1051,4117,6995,5244,6384,8326,2207,52885161,6244,79266,083-10,55254,021
Q374424,31123,2951,4107,9145,7194,5534,8796,4687,57888763,1354,77968,280-18,02951,020
Q480025,29824,2021,4557,9875,5544,6834,8696,3427,62492363,4494,78868,219-16,58253,222
2016                
Q178823,69722,5841,3918,2625,6454,3344,8486,4057,62594361,9745,06367,017-11,29954,944
Q280123,24922,0451,5848,2535,6464,3724,8986,4497,70195662,3325,18767,130-10,80054,387
Q377421,09320,0391,6398,3706,4334,1554,8996,5927,63998161,7764,92267,084-14,98253,209
Q477128,52227,2771,6548,2156,6064,1234,8946,6197,7111,01269,4024,97774,442-14,21561,966
2017                
Q181824,73823,4921,6978,5676,8634,2684,9557,3617,7741,00366,3325,25171,473-15,27055,383
Q285523,53622,3291,7438,5486,9204,4104,9707,4907,9061,05168,2464,93372,990-15,57055,318
Q385724,90323,7111,7888,6558,0244,4424,9777,7148,0651,00371,1475,21676,630-14,51963,312
Q478027,08225,8631,9228,6619,3624,4174,9907,6358,0941,04474,3095,42579,712-16,93264,219
2018                
Q173427,46426,3261,9488,7969,3994,5424,9567,9728,1751,04875,3195,20080,415-17,09262,686
Q268328,97727,6972,0119,1069,8794,6044,9828,4338,0901,02776,3185,23181,574-15,54464,233
Q371528,08826,8532,0269,19710,0954,6584,9808,5828,2051,08676,7035,53082,323-17,13866,142
Q477328,11126,8471,9948,7179,7914,7655,0478,8628,2441,03777,2975,46582,542-20,77462,944
2019                
Q186626,42425,1552,0849,33410,4554,7565,0188,5998,3031,07578,2825,65284,160-19,70563,958
Q291429,16427,8532,0939,23612,3174,7845,0418,6668,4461,05680,2195,78686,107-20,07564,512
Q389831,06329,7942,1819,26311,6874,9895,0898,6708,5561,07281,5625,73287,210-20,10267,869
Q41,05129,81628,4912,1909,28711,5105,1155,0839,0928,6241,05882,2315,82487,565-20,19068,344
2020                
Q193132,57231,2392,1569,01012,4875,1255,1318,6858,63298884,4243,92088,642-19,83968,442
                 
Percentage change on previous quarter
2014                
Q1-8.67.27.4-0.20.1-4.30.31.44.40.61.53.84.04.3 -0.1
Q223.011.412.42.62.417.1-0.90.92.30.33.53.36.63.0 2.8
Q34.9-4.7-6.9-1.00.6-1.85.11.03.2-0.10.40.9-5.21.3 3.3
Q41.8-4.8-3.7-3.02.00.0-1.01.03.40.0-0.9-0.313.10.1 2.9
2015                
Q1-10.997.7109.96.82.113.06.50.32.32.16.626.3-4.723.7 5.4
Q20.3-10.9-11.81.30.7-1.1-0.4-1.53.50.7-0.5-2.44.7-2.4 6.8
Q314.64.15.4-0.12.83.5-1.81.04.00.74.32.5-0.33.3 -5.6
Q47.64.13.93.20.9-2.92.9-0.2-1.90.64.00.50.2-0.1 4.3
2016                
Q1-1.5-6.3-6.7-4.43.41.6-7.4-0.41.00.02.2-2.35.7-1.8 3.2
Q21.6-1.9-2.413.9-0.10.00.91.00.71.01.30.62.40.2 -1.0
Q3-3.4-9.3-9.13.41.413.9-5.00.02.2-0.82.6-0.9-5.1-0.1 -2.2
Q4-0.435.236.10.9-1.92.7-0.8-0.10.40.93.212.31.111.0 16.5
2017                
Q16.1-13.3-13.92.64.33.93.51.311.20.8-1.0-4.45.5-4.0 -10.6
Q24.5-4.9-5.02.8-0.20.83.30.31.81.74.82.9-6.02.1 -0.1
Q30.35.86.22.51.316.00.70.13.02.0-4.64.35.75.0 14.5
Q4-9.08.79.17.50.116.7-0.60.3-1.00.44.14.44.04.0 1.4
2018                
Q1-5.81.41.81.31.60.42.8-0.74.41.00.41.4-4.10.9 -2.4
Q2-7.05.55.23.33.55.11.40.55.8-1.0-2.11.30.61.4 2.5
Q34.6-3.1-3.00.71.02.21.2-0.01.81.45.80.55.70.9 3.0
Q48.10.1-0.0-1.6-5.2-3.02.31.33.30.5-4.60.8-1.20.3 -4.8
2019                
Q112.0-6.0-6.34.57.16.8-0.2-0.6-3.00.73.71.33.42.0 1.6
Q25.510.410.70.4-1.017.80.60.40.81.7-1.82.52.42.3 0.9
Q3-1.76.57.04.20.3-5.14.30.90.01.31.51.7-0.91.3 5.2
Q417.0-4.0-4.40.40.3-1.52.5-0.14.90.8-1.30.81.60.4 0.7
2020                
Q1-11.49.29.6-1.6-3.08.50.21.0-4.50.1-6.62.7-32.71.2 0.1
1See Background Notes for detailed Nace A10 sector descriptions
2Chain linked series not additive
Table 6 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices - Seasonally Adjusted€million
PeriodAgriculture Forestry and FishingIndustry (excl. Construction)of which ManufacturingConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other ServicesGVA at Current Basic PricesTaxes less Subsidies on ProductsGDP at Current Market PricesNet Factor Income from Rest of WorldGNP at Current Market Prices
2014                
Q148610,7289,5751,0316,9864,3263,6203,3114,7656,93187342,8794,18247,060-7,34538,925
Q262511,74210,5621,1177,2214,9503,6223,3964,9146,96289744,6644,45549,022-8,27940,813
Q364011,0749,7031,1397,2864,8943,8253,4845,1066,96189245,0134,22449,271-8,15341,558
Q466210,1588,9861,1637,4474,8133,8263,5785,3356,97688044,7354,76349,476-7,58342,301
2015                
Q152322,94421,8491,2127,3205,8064,0823,7035,8057,04584959,6894,53164,139-15,86347,250
Q252623,38822,2971,2417,4105,5654,0953,7046,0737,10183959,7814,75164,531-11,65452,767
Q361823,84522,8631,2047,6405,8434,0833,7986,3557,16486661,4824,74666,145-18,11748,657
Q467825,38224,2461,2647,7825,5954,2433,8496,2997,24090662,7134,74867,612-16,36552,050
2016                
Q163821,97920,8601,3228,1185,7384,2083,9136,3307,27486260,5015,01065,495-10,88253,620
Q263022,20421,0501,4488,1375,7554,2894,0106,4067,35987260,4885,15165,553-11,53553,811
Q363422,71321,6211,4928,2606,4804,1134,0776,5917,32988462,1004,88966,948-14,77152,526
Q465126,92925,7041,4798,2766,6454,1014,1316,6867,43391967,4044,93472,445-13,82959,494
2017                
Q185524,09122,8811,8748,6516,8114,3674,1077,2897,56298265,7635,22271,020-15,12255,093
Q290223,28922,1421,7708,6936,8724,5364,1777,4637,7061,02968,3314,91173,250-16,54956,273
Q390924,91423,8161,8008,8528,0664,6284,2547,7047,89496970,9225,18876,060-14,23561,903
Q481629,30428,0931,9039,0579,5264,6254,3237,6897,9631,03274,3795,40579,765-16,28564,330
2018                
Q174126,82825,6031,8968,7359,3534,5354,8487,9128,1381,04675,5325,18280,785-17,00263,166
Q270527,65426,4841,9739,0079,9154,6084,9378,4168,0611,02775,9135,21681,159-16,21664,831
Q371629,20327,9842,0399,10510,0164,6555,0278,5918,2181,08076,9085,54282,460-17,03265,325
Q474328,65127,3272,0729,0139,8784,7485,1568,9308,2991,04777,3565,48582,620-20,37062,817
2019                
Q176727,47226,1972,1059,25711,2714,6795,5908,9268,4101,09180,1525,67786,097-19,89765,918
Q279228,61827,3402,0889,31613,3114,6785,6849,0388,5771,07782,4165,83988,239-20,94867,271
Q378130,17128,9342,1809,46912,5514,9055,8459,0718,7331,09184,4765,78790,296-20,40169,561
Q492330,98129,6172,2649,76912,7405,0255,9149,5798,8411,09485,8385,90691,317-20,44471,292
2020                
Q186334,24533,1392,4188,89313,3444,9455,8438,5448,8631,04087,8903,97792,075-20,06871,853
                 
Percentage change on previous quarter
2014                
Q1-12.110.312.99.9-4.9-3.79.21.83.90.83.13.94.23.9 0.1
Q228.69.410.38.33.414.40.02.63.10.52.84.26.54.2 4.9
Q32.3-5.7-8.12.00.9-1.15.62.63.9-0.0-0.50.8-5.20.5 1.8
Q43.4-8.3-7.42.02.2-1.70.02.74.50.2-1.4-0.612.80.4 1.8
2015                
Q1-21.0125.9143.14.2-1.720.66.73.58.81.0-3.533.4-4.929.6 11.7
Q20.61.92.12.51.2-4.20.30.04.60.8-1.20.24.80.6 11.7
Q317.62.02.5-3.03.15.0-0.32.54.60.93.32.8-0.12.5 -7.8
Q49.76.46.04.91.9-4.33.91.3-0.91.14.62.00.12.2 7.0
2016                
Q1-5.9-13.4-14.04.64.32.6-0.81.70.50.5-4.9-3.55.5-3.1 3.0
Q2-1.31.00.99.50.20.31.92.51.21.21.2-0.02.80.1 0.4
Q30.62.32.73.11.512.6-4.11.72.9-0.41.42.7-5.12.1 -2.4
Q42.718.618.9-0.90.22.6-0.31.31.41.44.08.50.98.2 13.3
2017                
Q131.3-10.5-11.026.74.52.56.5-0.69.01.76.8-2.45.8-2.0 -7.4
Q25.6-3.3-3.2-5.50.50.93.91.72.41.94.83.9-6.03.1 2.1
Q30.87.07.61.71.817.42.01.83.22.4-5.83.85.63.8 10.0
Q4-10.317.618.05.72.318.1-0.11.6-0.20.96.54.94.24.9 3.9
2018                
Q1-9.2-8.4-8.9-0.4-3.6-1.8-2.012.12.92.21.31.6-4.11.3 -1.8
Q2-4.83.13.44.03.16.01.61.96.4-1.0-1.80.50.70.5 2.6
Q31.65.65.73.31.11.01.01.82.12.05.21.36.21.6 0.8
Q43.7-1.9-2.31.6-1.0-1.42.02.63.91.0-3.00.6-1.00.2 -3.8
2019                
Q13.2-4.1-4.11.62.714.1-1.58.4-0.01.34.23.63.54.2 4.9
Q23.24.24.4-0.80.618.1-0.01.71.32.0-1.32.82.92.5 2.1
Q3-1.35.45.84.41.6-5.74.82.80.41.81.32.5-0.92.3 3.4
Q418.12.72.43.93.21.52.41.25.61.20.31.62.11.1 2.5
2020                
Q1-6.510.511.96.8-9.04.7-1.6-1.2-10.80.3-4.92.4-32.70.8 0.8
1See Background Notes for detailed Nace A10 sector descriptions
Table 7 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2018)1 - Seasonally Adjusted€million
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationValue of Physical Changes in StocksExports of Goods and ServicesImports of Goods and ServicesGDP at Constant Market PricesNet Factor Income from Rest of WorldGNP at Constant Market Prices
2014         
Q122,8356,85317,3761,00952,855-43,40452,475-8,17343,953
Q223,1147,0545,7312056,769-45,31354,042-7,99545,171
Q323,2406,82512,59415058,799-48,14854,720-8,66246,654
Q423,4856,74211,5781,67958,352-48,37354,771-8,32747,994
2015         
Q123,6067,00313,56654076,569-55,67667,741-16,14450,596
Q223,8066,99813,17763276,666-58,08666,083-10,55254,021
Q324,0736,97717,5811,83180,744-62,84168,280-18,02951,020
Q424,1577,12221,7611,16681,883-68,24368,219-16,58253,222
2016         
Q125,1967,23417,94079781,545-70,85967,017-11,29954,944
Q224,9047,25926,92024481,598-73,34767,130-10,80054,387
Q324,9727,33829,0959282,597-73,51267,084-14,98253,209
Q425,3157,50627,3783,62883,312-73,67774,442-14,21561,966
2017         
Q125,5577,49727,969-62685,732-64,69571,473-15,27055,383
Q225,4277,52429,0921,60186,480-100,43472,990-15,57055,318
Q325,8057,64218,5992,39589,634-63,44076,630-14,51963,312
Q425,9587,78513,66181497,119-65,83879,712-16,93264,219
2018         
Q126,1257,85513,6782,49493,813-65,83880,415-17,09262,686
Q226,4288,06517,3513899,460-69,84581,574-15,54464,233
Q326,5498,19425,973-397100,760-73,70782,323-17,13866,142
Q426,4988,11235,867-750105,010-94,98582,542-20,77462,944
2019         
Q127,0618,52130,7161,644106,567-78,08484,160-19,70563,958
Q227,3558,53833,133-604109,068-118,84986,107-20,07564,512
Q327,3288,61830,005446111,859-84,07087,210-20,10267,869
Q427,2128,59252,724277113,990-121,23187,565-20,19068,344
2020         
Q126,3608,63471,193242114,110-115,80488,642-19,83968,442
          
Percentage change on previous quarter
2014         
Q10.30.378.0 5.57.04.3 -0.1
Q21.22.9-67.0 7.44.43.0 2.8
Q30.5-3.2119.8 3.66.31.3 3.3
Q41.1-1.2-8.1 -0.80.50.1 2.9
2015         
Q10.53.917.2 31.215.123.7 5.4
Q20.8-0.1-2.9 0.14.3-2.4 6.8
Q31.1-0.333.4 5.38.23.3 -5.6
Q40.32.123.8 1.48.6-0.1 4.3
2016         
Q14.31.6-17.6 -0.43.8-1.8 3.2
Q2-1.20.350.1 0.13.50.2 -1.0
Q30.31.18.1 1.20.2-0.1 -2.2
Q41.42.3-5.9 0.90.211.0 16.5
2017         
Q11.0-0.12.2 2.9-12.2-4.0 -10.6
Q2-0.50.44.0 0.955.22.1 -0.1
Q31.51.6-36.1 3.6-36.85.0 14.5
Q40.61.9-26.6 8.43.84.0 1.4
2018         
Q10.60.90.1 -3.4-0.00.9 -2.4
Q21.22.726.9 6.06.11.4 2.5
Q30.51.649.7 1.35.50.9 3.0
Q4-0.2-1.038.1 4.228.90.3 -4.8
2019         
Q12.15.0-14.4 1.5-17.82.0 1.6
Q21.10.27.9 2.352.22.3 0.9
Q3-0.10.9-9.4 2.6-29.31.3 5.2
Q4-0.4-0.375.7 1.944.20.4 0.7
2020         
Q1-3.10.535.0 0.1-4.51.2 0.1
1Chain linked series not additive
Table 8 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted€million
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationValue of Physical Changes in StocksExports of Goods and ServicesImports of Goods and ServicesGDP at Current Market PricesNet Factor Income from Rest of WorldGNP at Current Market Prices
2014         
Q121,7186,5729,4861,01049,197-42,27447,060-7,34538,925
Q222,0716,7589,4081553,571-43,37649,022-8,27940,813
Q322,2396,71010,82121555,220-46,41549,271-8,15341,558
Q422,5506,68410,2741,86355,973-46,64749,476-7,58342,301
2015         
Q122,5736,77212,02847776,855-56,02064,139-15,86347,250
Q222,8446,76313,93972678,315-58,87564,531-11,65452,767
Q323,2176,75815,3592,01081,521-62,20166,145-18,11748,657
Q423,3856,97120,4921,25483,447-66,71067,612-16,36552,050
2016         
Q124,2967,05719,59364881,257-69,65865,495-10,88253,620
Q224,0507,04624,06020080,567-72,28765,553-11,53553,811
Q324,1637,18226,12614082,313-71,40566,948-14,77152,526
Q424,5197,27326,5293,84283,797-71,93872,445-13,82959,494
2017         
Q124,8307,33216,568-79387,014-66,43071,020-15,12255,093
Q224,8077,44250,1071,74187,502-100,96073,250-16,54956,273
Q325,2387,64718,8902,62189,047-62,54076,060-14,23561,903
Q425,6297,79713,14767695,608-63,87479,765-16,28564,330
2018         
Q125,8307,92018,1612,37794,655-66,96080,785-17,00263,166
Q226,3198,01514,8787199,433-70,56681,159-16,21664,831
Q326,6608,22027,917-398100,912-74,95782,460-17,03265,325
Q426,8298,06429,358-692104,408-91,98882,620-20,37062,817
2019         
Q127,3768,50424,1961,426108,226-79,98886,097-19,89765,918
Q227,8028,68052,270-469110,372-120,70088,239-20,94867,271
Q328,0628,77331,826468113,666-83,58890,296-20,40169,561
Q428,3888,86842,00973116,225-116,91791,317-20,44471,292
2020         
Q127,1268,87767,315180115,907-113,74092,075-20,06871,853
          
Percentage change on previous quarter
2014         
Q10.50.611.6 5.812.23.9 0.1
Q21.62.8-0.8 8.92.64.2 4.9
Q30.8-0.715.0 3.17.00.5 1.8
Q41.4-0.4-5.0 1.40.50.4 1.8
2015         
Q10.11.317.1 37.320.129.6 11.7
Q21.2-0.115.9 1.95.10.6 11.7
Q31.6-0.110.2 4.15.62.5 -7.8
Q40.73.233.4 2.47.22.2 7.0
2016         
Q13.91.2-4.4 -2.64.4-3.1 3.0
Q2-1.0-0.222.8 -0.83.80.1 0.4
Q30.51.98.6 2.2-1.22.1 -2.4
Q41.51.31.5 1.80.78.2 13.3
2017         
Q11.30.8-37.5 3.8-7.7-2.0 -7.4
Q2-0.11.5202.4 0.652.03.1 2.1
Q31.72.7-62.3 1.8-38.13.8 10.0
Q41.52.0-30.4 7.42.14.9 3.9
2018         
Q10.81.638.1 -1.04.81.3 -1.8
Q21.91.2-18.1 5.05.40.5 2.6
Q31.32.687.6 1.56.21.6 0.8
Q40.6-1.95.2 3.522.70.2 -3.8
2019         
Q12.05.5-17.6 3.7-13.04.2 4.9
Q21.62.1116.0 2.050.92.5 2.1
Q30.91.1-39.1 3.0-30.72.3 3.4
Q41.21.132.0 2.339.91.1 2.5
2020         
Q1-4.40.160.2 -0.3-2.70.8 0.8
Annex 1A Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices1
 TRADE AT CURRENT PRICES TRADE AT CONSTANT PRICES
 Exports  Imports   Exports  Imports €million
PeriodTotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2014             
Q147,72226,18721,53540,60317,24823,354 51,07627,20923,72042,36417,72124,551
Q253,68328,90224,78243,84617,61626,230 57,25329,41127,80846,00818,39527,502
Q355,61029,27226,33844,47418,28726,187 59,02829,47929,61745,82618,33027,386
Q457,33430,10027,23450,24120,57929,662 59,81329,60130,31451,28420,30930,849
 214,350114,46099,889179,16473,730105,434 227,171115,700111,460185,48274,756110,287
2015             
Q174,44147,46526,97653,44520,67532,770 73,93244,43128,79354,17220,75633,321
Q278,17448,15030,02459,30421,25638,048 76,82143,54332,81458,88120,38838,459
Q381,92750,89031,03759,60321,13438,468 81,01447,13833,26159,70920,71238,962
Q486,02353,82232,20172,53423,86848,667 84,56449,02234,91972,89924,69548,180
 320,565200,327120,238244,88686,933157,953 316,330184,134129,788245,66186,552158,922
2016             
Q178,73048,49530,23566,00421,20544,798 78,74346,79031,18768,58723,45245,090
Q280,08647,64832,43972,53123,20749,324 81,23245,81135,05974,17724,24949,892
Q382,45946,89935,56168,43820,58447,854 82,67644,76237,87069,76621,64848,096
Q486,96050,11836,84178,90922,07656,833 86,82846,82939,98579,46423,02856,428
 328,235193,160135,076285,88287,072198,810 329,479184,193144,102291,99592,378199,505
2017             
Q184,29447,90136,39362,54522,71439,831 82,62744,76037,74062,13822,82739,459
Q286,74047,32339,417100,93722,77778,160 85,76444,34641,537101,28723,59577,196
Q388,93248,97739,95560,00920,31439,695 89,38447,39341,97660,29320,93939,431
Q499,68953,62346,06670,53722,90047,637 102,09853,83748,27971,55823,73247,858
 359,655197,824161,831294,02888,706205,322 359,873190,336169,532295,27691,094203,945
2018             
Q191,73350,31741,41662,71221,90540,807 90,17349,40340,61762,77922,73440,105
Q298,37152,51345,85870,34424,46945,875 98,42952,25746,15370,24525,08245,218
Q3100,57152,63447,93772,03425,37646,659 100,17452,23148,00870,20624,39245,846
Q4109,22355,98053,243102,02030,56271,458 111,12257,55253,676103,88030,10473,629
 399,897211,443188,454307,110102,312204,798 399,897211,443188,454307,110102,312204,798
2019             
Q1104,77956,49948,28074,63526,27548,360 102,08656,57145,51473,96726,37647,591
Q2109,21254,44454,768120,04426,34493,700 107,93854,23653,702119,26527,40391,862
Q3113,12957,40655,72380,52925,80254,728 110,98357,30253,68180,33126,72253,609
Q4121,74759,14862,599129,86829,95199,917 121,07860,60260,476132,98130,856102,125
 448,866227,496221,370405,076108,371296,704 442,084228,712213,372406,544111,357295,187
2020             
Q1112,16459,45252,712105,91125,04380,868 109,06760,88048,187109,24326,27782,966
              
Percentage change on corresponding period of previous year
2014             
Q18.68.58.710.35.114.5 11.314.67.48.51.114.6
Q212.412.012.913.38.916.5 12.312.612.012.17.015.7
Q317.816.519.221.019.522.0 17.515.919.417.912.721.6
Q421.227.215.125.025.924.3 17.222.411.719.916.022.5
2015             
Q156.081.325.331.619.940.3 44.763.321.427.917.135.7
Q245.666.621.235.320.745.1 34.248.118.028.010.839.8
Q347.373.917.834.015.646.9 37.259.912.330.313.042.3
Q450.078.818.244.416.064.1 41.465.615.242.121.656.2
2016             
Q15.82.212.123.52.636.7 6.55.38.326.613.035.3
Q22.4-1.08.022.39.229.6 5.75.26.826.018.929.7
Q30.6-7.814.614.8-2.624.4 2.1-5.013.916.84.523.4
Q41.1-6.914.48.8-7.516.8 2.7-4.514.59.0-6.817.1
2017             
Q17.1-1.220.4-5.27.1-11.1 4.9-4.321.0-9.4-2.7-12.5
Q28.3-0.721.539.2-1.958.5 5.6-3.218.536.5-2.754.7
Q37.84.412.4-12.3-1.3-17.1 8.15.910.8-13.6-3.3-18.0
Q414.67.025.0-10.63.7-16.2 17.615.020.7-9.93.1-15.2
2018             
Q18.85.013.80.3-3.62.5 9.110.47.61.0-0.41.6
Q213.411.016.3-30.37.4-41.3 14.817.811.1-30.66.3-41.4
Q313.17.520.020.024.917.5 12.110.214.416.416.516.3
Q49.64.415.644.633.550.0 8.86.911.245.226.853.8
2019             
Q114.212.316.619.019.918.5 13.214.512.117.816.018.7
Q211.03.719.470.77.7104.3 9.73.816.469.89.3103.2
Q312.59.116.211.81.717.3 10.89.711.814.49.616.9
Q411.55.717.627.3-2.039.8 9.05.312.728.02.538.7
2020             
Q17.05.29.241.9-4.767.2 6.87.65.947.7-0.474.3
1Chain linked series not additive
Annex 1B Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices1
 TRADE AT CURRENT PRICES TRADE AT CONSTANT PRICES
 Exports  Imports   Exports  Imports €million
PeriodTotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2014             
Q149,19726,35122,82242,27416,87724,689 52,85527,19725,69043,40417,56125,947
Q253,57128,94724,55843,37617,79625,805 56,76929,23627,42245,31318,32226,981
Q355,22029,42726,00546,41519,13227,331 58,79929,61629,26848,14819,21728,476
Q455,97329,58526,29146,64719,75727,412 58,35229,49928,73248,37319,46528,732
 213,960114,31199,676178,71273,563105,237 226,775115,549111,112185,23874,565110,136
2015             
Q176,85547,75928,56156,02020,68734,667 76,56944,42031,29355,67620,77135,150
Q278,31548,57829,87158,87521,18637,551 76,66643,66232,50358,08620,26037,864
Q381,52151,29830,67562,20122,08740,274 80,74447,52332,84662,84121,75540,702
Q483,44752,46030,95966,71022,68944,641 81,88348,27132,90268,24323,42144,474
 320,138200,096120,066243,80686,648157,133 315,862183,876129,544244,84786,206158,189
2016             
Q181,25749,86531,98369,65821,20647,461 81,54546,70833,98370,85923,33347,625
Q280,56747,34532,35672,28723,01648,922 81,59846,45334,81673,34724,03849,416
Q382,31347,28535,34371,40521,49850,214 82,59745,18637,52973,51222,78550,359
Q483,79748,63035,07771,93821,17751,643 83,31245,66637,30973,67722,09651,505
 327,933193,124134,758285,28786,897198,240 329,052184,014143,637291,39592,252198,905
2017             
Q187,01447,91938,61066,43022,47442,376 85,73244,65641,37164,69522,87841,930
Q287,50248,49139,424100,96023,06477,936 86,48045,26941,310100,43423,35876,880
Q389,04749,36739,86362,54021,62841,614 89,63448,00541,69963,44022,56041,283
Q495,60851,96443,44763,87421,73142,966 97,11952,09644,65965,83822,56843,198
 359,172197,741161,344293,80588,896204,891 358,964190,026169,039294,40691,363203,292
2018             
Q194,65551,38044,16666,96022,38343,644 93,81349,24944,85265,83823,01742,996
Q299,43352,74145,87370,56624,30745,913 99,46053,61845,84769,84524,83545,249
Q3100,91252,99748,09874,95726,96748,836 100,76052,93047,90473,70726,24647,857
Q4104,40854,33349,65891,98828,14764,083 105,01055,57349,16294,98527,75965,910
 399,408211,451187,794304,471101,804202,477 399,042211,369187,765304,375101,857202,013
2019             
Q1108,22656,18551,89779,98827,14751,989 106,56756,32950,72978,08427,57351,474
Q2110,37256,04054,757120,70026,73794,055 109,06855,70553,264118,84927,14792,136
Q3113,66657,76856,02683,58826,76857,096 111,85958,12853,63384,07028,02555,846
Q4116,22557,57558,019116,91727,44389,362 113,99058,55555,093121,23128,35090,927
 448,490227,569220,699401,193108,095292,503 441,483228,717212,718402,233111,094290,383
2020             
Q1115,90758,97156,988113,74025,72087,293 114,11060,46254,062115,80427,08690,279
              
Percentage change on previous quarter
2014             
Q15.812.2-0.312.26.811.3 5.511.6-0.77.03.810.3
Q28.99.87.62.65.44.5 7.47.56.74.44.34.0
Q33.11.75.97.07.55.9 3.61.36.76.34.95.5
Q41.40.51.10.53.30.3 -0.8-0.4-1.80.51.30.9
2015             
Q137.361.48.620.14.726.5 31.250.68.915.16.722.3
Q21.91.74.65.12.48.3 0.1-1.73.94.3-2.57.7
Q34.15.62.75.64.37.3 5.38.81.18.27.47.5
Q42.42.30.97.22.710.8 1.41.60.28.67.79.3
2016             
Q1-2.6-4.93.34.4-6.56.3 -0.4-3.23.33.8-0.47.1
Q2-0.8-5.11.23.88.53.1 0.1-0.52.53.53.03.8
Q32.2-0.19.2-1.2-6.62.6 1.2-2.77.80.2-5.21.9
Q41.82.8-0.80.7-1.52.8 0.91.1-0.60.2-3.02.3
2017             
Q13.8-1.510.1-7.76.1-17.9 2.9-2.210.9-12.23.5-18.6
Q20.61.22.152.02.683.9 0.91.4-0.155.22.183.4
Q31.81.81.1-38.1-6.2-46.6 3.66.00.9-36.8-3.4-46.3
Q47.45.39.02.10.53.2 8.48.57.13.80.04.6
2018             
Q1-1.0-1.11.74.83.01.6 -3.4-5.50.4-0.02.0-0.5
Q25.02.63.95.48.65.2 6.08.92.26.17.95.2
Q31.50.54.96.210.96.4 1.3-1.34.55.55.75.8
Q43.52.53.222.74.431.2 4.25.02.628.95.837.7
2019             
Q13.73.44.5-13.0-3.6-18.9 1.51.43.2-17.8-0.7-21.9
Q22.0-0.35.550.9-1.580.9 2.3-1.15.052.2-1.579.0
Q33.03.12.3-30.70.1-39.3 2.64.30.7-29.33.2-39.4
Q42.3-0.33.639.92.556.5 1.90.72.744.21.262.8
2020             
Q1-0.32.4-1.8-2.7-6.3-2.3 0.13.3-1.9-4.5-4.5-0.7
1Chain linked series not additive
Annex 2A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2018)1 - Non-Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationFinal Domestic DemandValue of Physical Changes in StocksTotal Domestic Demand Personal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationFinal Domestic DemandValue of Physical Changes in StocksTotal Domestic Demand
201488,59926,72740,247155,5733,091158,664 92,68827,46843,652164,4422,849167,282
201592,01627,26563,175182,4574,467186,924 95,63828,11165,549189,4234,167193,708
201697,00128,56297,015222,5774,818227,395 100,38429,35898,883228,7734,735233,617
2017100,50130,22599,517230,2434,249234,492 102,77530,46698,859232,2314,164236,476
2018105,62632,22792,749230,6021,352231,954 105,62632,22792,749230,6021,352231,954
2019111,63134,829162,362308,8211,486310,307 108,98634,265162,134305,3861,736307,122
              
2014             
Q121,1806,4889,59437,2621,15038,411 22,3176,75910,41239,6501,05240,765
Q221,4176,7659,25237,43412837,562 22,3907,04710,10039,72013839,757
Q322,0136,76610,18938,96854739,515 22,9136,89711,16641,12448741,568
Q423,9896,70811,21241,9091,26743,176 25,0696,76511,97443,9481,17345,192
 88,59926,72740,247155,5733,091158,664 92,68827,46843,652164,4422,849167,282
2015             
Q122,0586,68811,97640,72259341,315 23,1306,92512,72542,89454743,411
Q222,1286,76513,69442,58690443,491 22,9966,98614,51144,56281045,375
Q323,0086,81214,17843,9982,32246,321 23,7557,02915,04945,8972,19448,290
Q424,8227,00123,32755,15164755,798 25,7567,17123,26356,07061656,632
 92,01627,26563,175182,4574,467186,924 95,63828,11165,549189,4234,167193,708
2016             
Q123,8036,97219,20049,97673650,711 24,7507,14919,65251,58375952,332
Q223,2757,04324,30654,62440855,032 24,0027,23225,09556,36746956,786
Q323,9817,23722,80254,02047954,499 24,6957,39823,51555,64551056,111
Q425,9417,30930,70763,9573,19667,153 26,9377,57930,62165,1772,99768,388
 97,00128,56297,015222,5774,818227,395 100,38429,35898,883228,7734,735233,617
2017             
Q124,3787,24415,44247,065-68546,380 25,1367,38515,46147,941-64447,245
Q224,0057,43453,25184,6901,90286,592 24,4687,47853,26185,4891,80287,333
Q325,1067,71114,41447,2313,02850,259 25,6017,74614,25547,5482,90250,560
Q427,0127,83616,40951,257451,261 27,5707,85715,88251,25410551,339
 100,50130,22599,517230,2434,249234,492 102,77530,46698,859232,2314,164236,476
2018             
Q125,3767,82015,37948,5742,49251,066 25,6597,70814,95948,2092,49150,764
Q225,5208,00716,65450,18017250,352 25,4548,01516,09449,46721349,678
Q326,5608,29819,60254,4609354,553 26,3958,35118,92953,61019653,802
Q428,1718,10241,11577,388-1,40475,984 28,1198,15242,76879,316-1,54877,710
 105,62632,22792,749230,6021,352231,954 105,62632,22792,749230,6021,352231,954
2019             
Q126,9118,38417,71253,0071,56454,571 26,5208,35917,47852,3571,69054,047
Q227,0098,67860,92096,607-42396,184 26,3788,48959,39694,263-47093,793
Q327,9778,86521,97458,8161,01959,835 27,1978,81421,35457,3651,10358,468
Q429,7338,90261,756100,391-67399,718 28,8918,60363,907101,401-586100,815
 111,63134,829162,362308,8211,486310,307 108,98634,265162,134305,3861,736307,122
2020             
Q126,6798,74446,70182,12334082,463 25,7728,46549,67883,91532184,236
              
Percentage change on corresponding period of previous year
20143.44.020.67.4 9.3 2.43.918.46.3 8.3
20153.92.057.017.3 17.8 3.22.350.215.2 15.8
20165.44.853.622.0 21.7 5.04.450.920.8 20.6
20173.65.82.63.4 3.1 2.43.8-0.01.5 1.2
20185.16.6-6.80.2 -1.1 2.85.8-6.2-0.7 -1.9
20195.78.175.133.9 33.8 3.26.374.832.4 32.4
              
2014             
Q12.05.918.36.5 8.6 1.57.515.15.7 7.6
Q23.65.318.97.3 6.5 2.49.617.47.1 6.2
Q33.52.520.97.4 7.3 2.30.619.66.0 6.1
Q44.22.423.78.5 14.6 3.1-1.321.36.6 13.1
2015             
Q14.13.124.89.3 7.6 3.62.522.28.2 6.5
Q23.3-0.048.013.8 15.8 2.7-0.943.712.2 14.1
Q34.50.739.212.9 17.2 3.71.934.811.6 16.2
Q43.54.4108.131.6 29.2 2.76.094.327.6 25.3
2016             
Q17.94.360.322.7 22.7 7.03.254.420.3 20.6
Q25.24.177.528.3 26.5 4.43.572.926.5 25.1
Q34.26.260.822.8 17.7 4.05.356.321.2 16.2
Q44.54.431.616.0 20.3 4.65.731.616.2 20.8
2017             
Q12.43.9-19.6-5.8 -8.5 1.63.3-21.3-7.1 -9.7
Q23.15.6119.155.0 57.3 1.93.4112.251.7 53.8
Q34.76.5-36.8-12.6 -7.8 3.74.7-39.4-14.6 -9.9
Q44.17.2-46.6-19.9 -23.7 2.33.7-48.1-21.4 -24.9
2018             
Q14.17.9-0.43.2 10.1 2.14.4-3.20.6 7.4
Q26.37.7-68.7-40.7 -41.9 4.07.2-69.8-42.1 -43.1
Q35.87.636.015.3 8.5 3.17.832.812.7 6.4
Q44.33.4150.651.0 48.2 2.03.8169.354.8 51.4
2019             
Q16.17.215.29.1 6.9 3.48.416.88.6 6.5
Q25.88.4265.892.5 91.0 3.65.9269.190.6 88.8
Q35.36.812.18.0 9.7 3.05.512.87.0 8.7
Q45.59.950.229.7 31.2 2.75.549.427.8 29.7
2020             
Q1-0.94.3163.754.9 51.1 -2.81.3184.260.3 55.9
1Chain linked series not additive
Annex 2B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2018)1 - Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationFinal Domestic DemandValue of Physical Changes in StocksTotal Domestic Demand Personal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesGross Domestic Fixed Capital FormationFinal Domestic DemandValue of Physical Changes in StocksTotal Domestic Demand
2014             
Q121,7186,5729,48637,9541,01039,271 22,8356,85317,37640,3151,00941,233
Q222,0716,7589,40838,0961538,469 23,1147,0545,73140,0802040,494
Q322,2396,71010,82139,38221540,254 23,2406,82512,59441,83715042,092
Q422,5506,68410,27439,8751,86340,108 23,4856,74211,57842,0621,67942,884
2015             
Q122,5736,77212,02841,70547742,583 23,6067,00313,56644,01554044,557
Q222,8446,76313,93943,37972644,997 23,8066,99813,17744,47663245,827
Q323,2176,75815,35944,2832,01047,310 24,0736,97717,58146,8981,83149,590
Q423,3856,97120,49252,3371,25450,791 24,1577,12221,76153,4841,16652,620
2016             
Q124,2967,05719,59350,75764852,030 25,1967,23417,94053,63179754,361
Q224,0507,04624,06055,63920057,520 24,9047,25926,92055,37424455,847
Q324,1637,18226,12654,15414055,755 24,9727,33829,09557,3609259,242
Q424,5197,27326,52961,4233,84260,779 25,3157,50627,37861,7603,62862,710
2017             
Q124,8307,33216,56848,128-79348,172 25,5577,49727,96950,676-62651,121
Q224,8077,44250,10786,3411,74191,346 25,4277,52429,09282,4911,60182,642
Q325,2387,64718,89047,7512,62152,095 25,8057,64218,59949,6002,39556,481
Q425,6297,79713,14749,24167645,728 25,9587,78513,66148,07281445,302
2018             
Q125,8307,92018,16149,8532,37753,472 26,1257,85513,67851,8892,49457,839
Q226,3198,01514,87851,2147153,568 26,4288,06517,35147,0223845,227
Q326,6608,22027,91754,787-39856,433 26,5498,19425,97356,469-39763,230
Q426,8298,06429,35873,435-69266,290 26,4988,11235,86773,690-75064,434
2019             
Q127,3768,50424,19655,2341,42658,154 27,0618,52130,71657,2341,64466,189
Q227,8028,68052,27098,792-469103,095 27,3558,53833,13388,659-60483,083
Q328,0628,77331,82658,07546860,881 27,3288,61830,00560,83544670,517
Q428,3888,86842,00995,5007386,650 27,2128,59252,72493,51127780,367
2020             
Q127,1268,87767,31584,29518086,727 26,3608,63471,19392,697242106,253
              
Percentage change on previous quarter
2014             
Q10.50.611.63.1 10.2 0.30.378.02.0 6.9
Q21.62.8-0.80.4 -2.0 1.22.9-67.0-0.6 -1.8
Q30.8-0.715.03.4 4.6 0.5-3.2119.84.4 3.9
Q41.4-0.4-5.01.3 -0.4 1.1-1.2-8.10.5 1.9
2015             
Q10.11.317.14.6 6.2 0.53.917.24.6 3.9
Q21.2-0.115.94.0 5.7 0.8-0.1-2.91.0 2.8
Q31.6-0.110.22.1 5.1 1.1-0.333.45.4 8.2
Q40.73.233.418.2 7.4 0.32.123.814.0 6.1
2016             
Q13.91.2-4.4-3.0 2.4 4.31.6-17.60.3 3.3
Q2-1.0-0.222.89.6 10.6 -1.20.350.13.3 2.7
Q30.51.98.6-2.7 -3.1 0.31.18.13.6 6.1
Q41.51.31.513.4 9.0 1.42.3-5.97.7 5.9
2017             
Q11.30.8-37.5-21.6 -20.7 1.0-0.12.2-17.9 -18.5
Q2-0.11.5202.479.4 89.6 -0.50.44.062.8 61.7
Q31.72.7-62.3-44.7 -43.0 1.51.6-36.1-39.9 -31.7
Q41.52.0-30.43.1 -12.2 0.61.9-26.6-3.1 -19.8
2018             
Q10.81.638.11.2 16.9 0.60.90.17.9 27.7
Q21.91.2-18.12.7 0.2 1.22.726.9-9.4 -21.8
Q31.32.687.67.0 5.3 0.51.649.720.1 39.8
Q40.6-1.95.234.0 17.5 -0.2-1.038.130.5 1.9
2019             
Q12.05.5-17.6-24.8 -12.3 2.15.0-14.4-22.3 2.7
Q21.62.1116.078.9 77.3 1.10.27.954.9 25.5
Q30.91.1-39.1-41.2 -40.9 -0.10.9-9.4-31.4 -15.1
Q41.21.132.064.4 42.3 -0.4-0.375.753.7 14.0
2020             
Q1-4.40.160.2-11.7 0.1 -3.10.535.0-0.9 32.2
1Chain linked series not additive
Annex 3A Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipmentof which Other Transport EquipmentIntangible AssetsGross Domestic Fixed Capital Formation
20141,0971,9228,69483415,8687,67011,83440,247
20151,4921,8569,91791115,6396,37733,36063,175
20162,0362,19611,5501,14719,62510,48460,46097,015
20173,0592,58913,5831,10622,17414,37057,00599,517
20183,6543,22316,1361,38525,71416,62142,63692,749
20194,3772,95319,2731,48625,48816,853108,785162,362
         
2014        
Q12334831,6831634,1321,8402,8999,594
Q22694991,9721693,3771,7662,9669,252
Q33044932,3702244,1201,9082,67810,189
Q42914472,6692774,2392,1563,29111,212
 1,0971,9228,69483415,8687,67011,83440,247
2015        
Q13034611,8692424,1591,4274,94211,976
Q23304482,2112044,0851,9346,41613,694
Q34614452,6372203,3601,0027,05614,178
Q43985033,2002454,0352,01314,94623,327
 1,4921,8569,91791115,6396,37733,36063,175
2016        
Q14594781,9592604,9822,32911,06219,200
Q25225652,5602624,8532,81115,54524,306
Q35445883,2483134,5912,28513,51722,802
Q45115643,7833115,2003,05920,33730,707
 2,0362,19611,5501,14719,62510,48460,46097,015
2017        
Q16305962,6542696,1103,7705,18315,442
Q26916012,8542426,3764,45342,48653,251
Q38826203,6262503,9992,1545,03814,414
Q48577734,4493445,6893,9934,29816,409
 3,0592,58913,5831,10622,17414,37057,00599,517
2018        
Q17608822,9252955,5802,8194,93715,379
Q29208413,4173445,2732,9345,85916,654
Q31,0227794,5513446,4554,2986,45119,602
Q49527215,2434038,4066,57125,39041,115
 3,6543,22316,1361,38525,71416,62142,63692,749
2019        
Q19667373,6253286,2953,5555,75917,712
Q21,0237203,915337n/a1n/a1n/a160,920
Q31,2637905,4073766,0764,1278,06321,974
Q41,1257056,326445n/a1n/a1n/a161,756
 4,3772,95319,2731,48625,48816,853108,785162,362
2020        
Q11,1446064,054398n/a1n/a1n/a146,701
         
Percentage change on corresponding period of previous year
201423.114.612.171.623.425.621.820.6
201536.1-3.414.19.2-1.4-16.9181.957.0
201636.518.316.526.025.564.481.253.6
201750.217.917.6-3.613.037.1-5.72.6
201819.424.518.825.316.015.7-25.2-6.8
201919.8-8.419.47.3-0.91.4155.175.1
         
2014        
Q121.829.723.064.23.1-23.940.018.3
Q217.025.320.859.17.57.230.518.9
Q338.018.15.680.145.871.33.020.9
Q416.7-8.66.378.146.9132.818.723.7
2015        
Q130.0-4.611.048.50.6-22.470.424.8
Q222.9-10.412.120.621.09.5116.448.0
Q351.5-9.811.3-2.1-18.4-47.5163.539.2
Q436.912.619.9-11.7-4.8-6.6354.2108.1
2016        
Q151.63.84.87.419.863.2123.860.3
Q258.026.315.828.518.845.3142.377.5
Q318.232.323.242.736.6128.091.660.8
Q428.312.218.227.228.951.936.131.6
2017        
Q137.124.635.53.622.661.9-53.1-19.6
Q232.56.311.5-7.731.458.4173.3119.1
Q362.05.411.6-20.3-12.9-5.8-62.7-36.8
Q467.636.917.610.79.430.6-78.9-46.6
2018        
Q120.648.010.29.5-8.7-25.2-4.8-0.4
Q233.239.919.741.9-17.3-34.1-86.2-68.7
Q315.925.725.537.661.499.628.036.0
Q411.1-6.717.917.047.864.5490.8150.6
2019        
Q127.2-16.423.911.312.826.116.715.2
Q211.2-14.414.6-2.1n/a1n/a1n/a1265.8
Q323.51.418.89.4-5.9-4.025.012.1
Q418.2-2.220.710.4n/a1n/a1n/a150.2
2020        
Q118.4-17.811.821.2n/a1n/a1n/a1163.7
1Data suppressed for confidentiality reasons
Annex 3B Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2018)1 - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipmentof which Other Transport EquipmentIntangible AssetsGross Domestic Fixed Capital Formation
20141,1312,45211,1081,16416,3698,09112,32943,652
20151,5212,24512,0111,16215,8326,60332,94765,549
20162,0382,50113,1641,37019,96710,74158,83198,883
20172,9522,78314,6041,20722,25714,51954,39098,859
20183,6543,22316,1361,38525,71416,62142,63692,749
20194,1032,76918,0651,41225,40316,676110,383162,134
         
2014        
Q12536392,2282504,2791,9442,89110,412
Q22826292,5132473,4921,8633,13310,100
Q33126433,0743044,2462,0112,88111,166
Q42855423,2933644,3512,2723,42311,974
 1,1312,45211,1081,16416,3698,09112,32943,652
2015        
Q13265792,3493204,2361,4854,98912,725
Q23465482,7142644,1342,0066,55814,511
Q34655423,2142763,3971,0357,28715,049
Q43845763,7343034,0652,07714,11323,263
 1,5212,24512,0111,16215,8326,60332,94765,549
2016        
Q14595572,2973225,0712,38910,73619,652
Q25136442,9363214,9502,88115,39225,095
Q35536843,7513694,6862,34313,37323,515
Q45136164,1803585,2593,12719,33030,621
 2,0382,50113,1641,37019,96710,74158,83198,883
2017        
Q16426542,9213096,1423,8224,95815,461
Q26896553,1072726,3754,49940,64653,261
Q38326733,9192674,0202,1744,81614,255
Q47888024,6583595,7194,0233,97115,882
 2,9522,78314,6041,20722,25714,51954,39098,859
2018        
Q17849073,0453055,5742,8304,52014,959
Q29288483,4563465,2642,9345,41316,094
Q31,0097764,5403396,4354,2966,05218,929
Q49336915,0953958,4416,56026,65142,768
 3,6543,22316,1361,38525,71416,62142,63692,749
2019        
Q19167133,4993166,2943,5335,74117,478
Q29656843,717322n/a2n/a2n/a259,396
Q31,1737455,1043556,0184,0837,95821,354
Q41,0496265,745420n/a2n/a2n/a263,907
 4,1032,76918,0651,41225,40316,676110,383162,134
2020        
Q11,0735703,759379n/a2n/a2n/a249,678
         
Percentage change on corresponding period of previous year
201415.29.57.151.921.225.524.018.4
201534.5-8.58.1-0.2-3.3-18.4167.250.2
201634.011.49.617.926.162.778.650.9
201744.911.310.9-11.911.535.2-7.5-0.0
201823.815.810.514.815.514.5-21.6-6.2
201912.3-14.112.01.9-1.20.3158.974.8
         
2014        
Q118.218.715.053.81.5-23.939.515.1
Q29.418.114.441.66.17.235.017.4
Q330.517.33.156.743.471.15.819.6
Q44.9-12.81.154.343.3132.421.121.3
2015        
Q129.3-9.45.427.9-1.0-23.672.622.2
Q222.6-12.88.07.018.47.7109.343.7
Q349.3-15.74.6-9.2-20.0-48.5152.934.8
Q434.76.313.4-16.8-6.6-8.6312.294.3
2016        
Q140.6-3.7-2.20.719.760.9115.254.4
Q248.317.68.221.719.743.6134.772.9
Q318.926.116.733.738.0126.583.556.3
Q433.76.912.018.329.450.537.031.6
2017        
Q140.017.327.2-4.121.160.0-53.8-21.3
Q234.51.75.8-15.428.856.2164.1112.2
Q350.3-1.54.5-27.6-14.2-7.2-64.0-39.4
Q453.730.111.40.38.828.7-79.5-48.1
2018        
Q122.138.84.3-1.4-9.2-26.0-8.8-3.2
Q234.629.511.327.4-17.4-34.8-86.7-69.8
Q321.215.415.827.160.197.625.732.8
Q418.3-13.89.410.047.663.1571.1169.3
2019        
Q116.7-21.414.93.612.924.827.016.8
Q24.0-19.37.5-7.1n/a2n/a2n/a2269.1
Q316.3-4.012.44.4-6.5-5.031.512.8
Q412.4-9.412.86.4n/a2n/a2n/a249.4
2020        
Q117.1-20.07.420.0n/a2n/a2n/a2184.2
1Chain linked series not additive
2Data suppressed for confidentiality reasons
Annex 3C Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2018)1 - Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodAll Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and EquipmentIntangible AssetsGross Domestic Fixed Capital Formation All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and EquipmentIntangible AssetsGross Domestic Fixed Capital Formation
2014         
Q13,0213,5463,1989,486 3,8423,6663,00617,376
Q23,1563,1693,0559,408 3,9553,2962,9825,731
Q33,1574,7712,69910,821 3,9654,9062,91412,594
Q43,1704,5252,87610,274 3,8514,6313,48411,578
2015         
Q13,3863,6475,60812,028 4,0993,7095,19013,566
Q23,4673,9786,58513,939 4,1754,0556,07713,177
Q33,5213,7747,02015,359 4,1553,8067,33417,581
Q43,7164,10512,93620,492 4,2964,11914,73121,761
2016         
Q13,7254,54612,94619,593 4,2054,61411,27917,940
Q24,1914,82115,93024,060 4,7304,97013,96926,920
Q34,3885,07213,19726,126 4,9345,16413,35129,095
Q44,5005,03217,65026,529 4,9595,06020,43127,378
2017         
Q14,7735,8236,15916,568 5,1665,8315,31027,969
Q24,8566,44143,51250,107 5,2056,52236,30929,092
Q35,0954,3494,86418,890 5,3494,3664,77918,599
Q45,5655,2893,73813,147 5,7755,2794,18013,661
2018         
Q15,7115,5235,91018,161 5,8685,4894,98413,678
Q26,0705,3996,00714,878 6,1485,4724,78517,351
Q36,2766,9266,16127,917 6,2006,9045,95125,973
Q46,2247,58822,27829,358 6,1197,55127,86835,867
2019         
Q16,6586,4226,87724,196 6,3606,3876,48530,716
Q26,772n/a3n/a352,270 6,411n/a3n/a333,133
Q37,1546,4487,68531,826 6,6926,3957,76630,005
Q47,289n/a3n/a342,009 6,741n/a3n/a352,724
2020         
Q17,223n/a3n/a367,315 6,678n/a3n/a371,193
          
Percentage change on previous quarter
2014         
Q12.711.331.411.6 1.69.68.378.0
Q24.5-10.6-4.5-0.8 2.9-10.1-0.8-67.0
Q30.050.6-11.715.0 0.248.9-2.3119.8
Q40.4-5.26.6-5.0 -2.9-5.619.6-8.1
2015         
Q16.8-19.495.017.1 6.4-19.948.917.2
Q22.49.117.415.9 1.89.317.1-2.9
Q31.6-5.16.610.2 -0.5-6.120.733.4
Q45.58.884.333.4 3.48.2100.923.8
2016         
Q10.210.70.1-4.4 -2.112.0-23.4-17.6
Q212.56.023.122.8 12.57.723.850.1
Q34.75.2-17.28.6 4.33.9-4.48.1
Q42.6-0.833.71.5 0.5-2.053.0-5.9
2017         
Q16.115.7-65.1-37.5 4.215.2-74.02.2
Q21.710.6606.5202.4 0.811.9583.84.0
Q34.9-32.5-88.8-62.3 2.8-33.1-86.8-36.1
Q49.221.6-23.2-30.4 8.020.9-12.5-26.6
2018         
Q12.64.458.138.1 1.64.019.20.1
Q26.3-2.31.6-18.1 4.8-0.3-4.026.9
Q33.428.32.687.6 0.826.224.449.7
Q4-0.89.6261.65.2 -1.39.4368.338.1
2019         
Q17.0-15.4-69.1-17.6 3.9-15.4-76.7-14.4
Q21.7n/a3n/a3116.0 0.8n/a3n/a37.9
Q35.6n/a3n/a3-39.1 4.4n/a3n/a3-9.4
Q41.9n/a3n/a332.0 0.7n/a3n/a375.7
2020         
Q1-0.9n/a3n/a360.2 -0.9n/a3n/a335.0
1Chain linked series not additive
2The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
3Data suppressed for confidentiality reasons
Annex 4A Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2018)1 - Non-Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand Personal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand
201488,59926,72725,921141,2473,091144,338 92,68827,46829,784150,2412,849153,031
201592,01627,26530,003149,2854,467153,752 95,63828,11133,147157,0194,167161,303
201697,00128,56233,793159,3554,818164,173 100,38429,35836,402166,1924,735171,091
2017100,50130,22537,322168,0484,249172,297 102,77530,46638,731171,9814,164176,271
2018105,62632,22741,469179,3221,352180,674 105,62632,22741,469179,3221,352180,674
2019111,63134,82943,709190,1691,486191,655 108,98634,26541,987185,2381,736186,974
              
2014             
Q121,1806,4885,97333,6411,15034,790 22,3176,7596,96236,1371,05237,244
Q221,4176,7655,93134,11312834,242 22,3907,0476,84936,41013836,430
Q322,0136,7666,69035,47054736,016 22,9136,8977,75337,60648738,035
Q423,9896,7087,32638,0231,26739,290 25,0696,7658,22040,0881,17341,323
 88,59926,72725,921141,2473,091144,338 92,68827,46829,784150,2412,849153,031
2015             
Q122,0586,6887,40736,15359336,746 23,1306,9258,31838,38554738,890
Q222,1286,7657,22136,11390437,018 22,9966,9868,05638,06981038,878
Q323,0086,8127,83337,6532,32239,976 23,7557,0298,70539,4862,19441,882
Q424,8227,0017,54239,36564740,012 25,7567,1718,06941,07961641,654
 92,01627,26530,003149,2854,467153,752 95,63828,11133,147157,0194,167161,303
2016             
Q123,8036,9727,69938,47473639,210 24,7507,1498,35240,29075941,041
Q223,2757,0437,85938,17740838,585 24,0027,2328,52339,78146940,207
Q323,9817,2378,90740,12647940,605 24,6957,3989,68941,76251042,229
Q425,9417,3099,32842,5783,19645,774 26,9377,5799,83844,3582,99747,615
 97,00128,56233,793159,3554,818164,173 100,38429,35836,402166,1924,735171,091
2017             
Q124,3787,2448,45740,079-68539,394 25,1367,3858,90641,447-64440,733
Q224,0057,4348,99640,4351,90242,337 24,4687,4789,43141,3761,80243,257
Q325,1067,7119,33442,1503,02845,178 25,6017,7469,71043,0602,90246,106
Q427,0127,83610,53645,384445,388 27,5707,85710,68446,09810546,175
 100,50130,22537,322168,0484,249172,297 102,77530,46638,731171,9814,164176,271
2018             
Q125,3767,8209,61842,8132,49245,305 25,6597,7089,79643,1642,49145,750
Q225,5208,0079,74943,27517243,447 25,4548,0159,80943,28521343,493
Q326,5608,29810,66945,5279345,620 26,3958,35110,62045,36719645,556
Q428,1718,10211,43447,707-1,40446,303 28,1198,15211,24547,507-1,54845,875
 105,62632,22741,469179,3221,352180,674 105,62632,22741,469179,3221,352180,674
2019             
Q126,9118,38410,15845,4531,56447,017 26,5208,3599,93444,8131,69046,503
Q227,0098,6789,59245,279-42344,856 26,3788,4899,26944,136-47043,666
Q327,9778,86511,89848,7401,01949,759 27,1978,81411,41247,4231,10348,525
Q429,7338,90212,06050,695-67350,022 28,8918,60311,37248,866-58648,280
 111,63134,82943,709190,1691,486191,655 108,98634,26541,987185,2381,736186,974
2020             
Q126,6798,74410,20945,63234045,972 25,7728,4659,70643,94332144,264
              
Percentage change on corresponding period of previous year
20143.44.014.65.4 7.4 2.43.910.74.1 6.2
20153.92.015.75.7 6.5 3.22.311.34.5 5.4
20165.44.812.66.7 6.8 5.04.49.85.8 6.1
20173.65.810.45.5 4.9 2.43.86.43.5 3.0
20185.16.611.16.7 4.9 2.85.87.14.3 2.5
20195.78.15.46.0 6.1 3.26.31.23.3 3.5
              
2014             
Q12.05.917.75.2 7.6 1.57.512.94.5 6.5
Q23.65.319.26.4 5.5 2.49.615.35.8 4.9
Q33.52.511.44.7 4.7 2.30.68.83.1 3.2
Q44.22.411.75.3 11.7 3.1-1.37.03.0 9.9
2015             
Q14.13.124.07.5 5.6 3.62.519.56.2 4.4
Q23.3-0.021.75.9 8.1 2.7-0.917.64.6 6.7
Q34.50.717.16.2 11.0 3.71.912.35.0 10.1
Q43.54.42.93.5 1.8 2.76.0-1.82.5 0.8
2016             
Q17.94.33.96.4 6.7 7.03.20.45.0 5.5
Q25.24.18.85.7 4.2 4.43.55.84.5 3.4
Q34.26.213.76.6 1.6 4.05.311.35.8 0.8
Q44.54.423.78.2 14.4 4.65.721.98.0 14.3
2017             
Q12.43.99.84.2 0.5 1.63.36.62.9 -0.7
Q23.15.614.55.9 9.7 1.93.410.74.0 7.6
Q34.76.54.85.0 11.3 3.74.70.23.1 9.2
Q44.17.213.06.6 -0.8 2.33.78.63.9 -3.0
2018             
Q14.17.913.76.8 15.0 2.14.410.04.1 12.3
Q26.37.78.47.0 2.6 4.07.24.04.6 0.5
Q35.87.614.38.0 1.0 3.17.89.45.4 -1.2
Q44.33.48.55.1 2.0 2.03.85.33.1 -0.7
2019             
Q16.17.25.66.2 3.8 3.48.41.43.8 1.6
Q25.88.4-1.64.6 3.2 3.65.9-5.52.0 0.4
Q35.36.811.57.1 9.1 3.05.57.54.5 6.5
Q45.59.95.56.3 8.0 2.75.51.12.9 5.2
2020             
Q1-0.94.30.50.4 -2.2 -2.81.3-2.3-1.9 -4.8
1Chain linked series not additive
Annex 4B Modified Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2018)1 - Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodPersonal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand Personal Consumption of Goods and ServicesNet Exp. by Central and Local Government on Current Goods and ServicesModified Gross Domestic Fixed Capital FormationModified Final Domestic DemandValue of Physical Changes in StocksModified Total Domestic Demand
2014             
Q121,7186,5725,94234,2281,01035,209 22,8356,8536,88636,6841,00937,577
Q222,0716,7586,26935,1291535,332 23,1147,0547,26737,5702037,541
Q322,2396,7106,60535,55221535,394 23,2406,8257,62837,71715037,487
Q422,5506,6847,00036,2041,86338,218 23,4856,7427,88738,1511,67940,363
2015             
Q122,5736,7727,48136,88047737,216 23,6067,0038,38039,08154039,260
Q222,8446,7637,65137,22072638,279 23,8066,9988,55039,30263240,068
Q323,2176,7587,67537,6522,01039,158 24,0736,9778,48839,5221,83141,191
Q423,3856,9717,15037,4721,25438,931 24,1577,1227,68739,0711,16640,743
2016             
Q124,2967,0577,88739,31464839,126 25,1967,2348,55641,10479741,449
Q224,0507,0468,31839,37120039,987 24,9047,2599,01841,09724441,463
Q324,1637,1828,69940,04414039,647 24,9727,3389,40941,7049241,431
Q424,5197,2738,77840,5383,84245,283 25,3157,5069,31042,1823,62846,651
2017             
Q124,8307,3328,75841,001-79339,335 25,5577,4979,23042,370-62641,113
Q224,8077,4429,53041,7361,74143,915 25,4277,5249,98442,7711,60144,686
Q325,2387,6479,07941,9622,62144,763 25,8057,6429,38942,8872,39545,162
Q425,6297,7979,86643,22867644,876 25,9587,78510,05843,83881445,212
2018             
Q125,8307,92010,03243,8492,37745,304 26,1257,85510,22944,2152,49446,219
Q226,3198,01510,35644,7057145,095 26,4288,06510,41244,7783845,000
Q326,6608,22010,33945,226-39845,142 26,5498,19410,23445,069-39744,553
Q426,8298,06410,65845,437-69245,019 26,4988,11210,52945,165-75044,891
2019             
Q127,3768,50410,66146,6381,42647,848 27,0618,52110,44246,0151,64446,996
Q227,8028,68010,21146,780-46946,542 27,3558,5389,86445,657-60445,247
Q328,0628,77311,49248,34046848,447 27,3288,61810,96347,02244647,432
Q428,3888,86811,22348,2927348,604 27,2128,59210,62046,46927747,186
2020             
Q127,1268,87710,74146,86618046,074 26,3608,63410,23345,17624244,744
              
Percentage change on previous quarter
2014             
Q10.50.6-5.9-0.6 3.0 0.30.3-7.4-1.1 2.6
Q21.62.85.52.6 0.4 1.22.95.52.4 -0.1
Q30.8-0.75.41.2 0.2 0.5-3.25.00.4 -0.1
Q41.4-0.46.01.8 8.0 1.1-1.23.41.1 7.7
2015             
Q10.11.36.91.9 -2.6 0.53.96.32.4 -2.7
Q21.2-0.12.30.9 2.9 0.8-0.12.00.6 2.1
Q31.6-0.10.31.2 2.3 1.1-0.3-0.70.6 2.8
Q40.73.2-6.9-0.5 -0.6 0.32.1-9.4-1.1 -1.1
2016             
Q13.91.210.34.9 0.5 4.31.611.35.2 1.7
Q2-1.0-0.25.50.1 2.2 -1.20.35.4-0.0 0.0
Q30.51.94.61.7 -0.9 0.31.14.31.5 -0.1
Q41.51.30.91.2 14.2 1.42.3-1.11.1 12.6
2017             
Q11.30.8-0.21.1 -13.1 1.0-0.1-0.90.4 -11.9
Q2-0.11.58.81.8 11.6 -0.50.48.20.9 8.7
Q31.72.7-4.70.5 1.9 1.51.6-6.00.3 1.1
Q41.52.08.73.0 0.3 0.61.97.12.2 0.1
2018             
Q10.81.61.71.4 1.0 0.60.91.70.9 2.2
Q21.91.23.22.0 -0.5 1.22.71.81.3 -2.6
Q31.32.6-0.21.2 0.1 0.51.6-1.70.7 -1.0
Q40.6-1.93.10.5 -0.3 -0.2-1.02.90.2 0.8
2019             
Q12.05.50.02.6 6.3 2.15.0-0.81.9 4.7
Q21.62.1-4.20.3 -2.7 1.10.2-5.5-0.8 -3.7
Q30.91.112.53.3 4.1 -0.10.911.13.0 4.8
Q41.21.1-2.3-0.1 0.3 -0.4-0.3-3.1-1.2 -0.5
2020             
Q1-4.40.1-4.3-3.0 -5.2 -3.10.5-3.6-2.8 -5.2
1Chain linked series not additive
Annex 4C Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D service imports and trade in IPModified Gross Domestic Fixed Capital FormationAircraft related to LeasingR&D service imports and trade in IP
20141,0971,9228,6948349,1724,20425,9216,6967,630
20151,4921,8569,91791110,4715,35630,0035,16828,004
20162,0362,19611,5501,14712,4884,37533,7937,13756,085
20173,0592,58913,5831,10610,6286,35737,32211,54750,648
20183,6543,22316,1361,38511,1385,93341,46914,57636,703
20194,3772,95319,2731,48611,2934,32743,70914,195104,458
          
2014         
Q12334831,6831632,3311,0805,9731,8011,820
Q22694991,9721691,9681,0545,9311,4091,911
Q33044932,3702242,2851,0146,6901,8351,664
Q42914472,6692772,5881,0567,3261,6512,235
 1,0971,9228,6948349,1724,20425,9216,6967,630
2015         
Q13034611,8692423,0851,4477,4071,0743,495
Q23304482,2112042,6271,4017,2211,4585,015
Q34614452,6372202,8781,1937,8334825,863
Q43985033,2002451,8811,3147,5422,15413,632
 1,4921,8569,91791110,4715,35630,0035,16828,004
2016         
Q14594781,9592603,4871,0557,6991,49510,007
Q25225652,5602622,9021,0487,8591,95114,496
Q35445883,2483133,0691,1458,9071,52212,372
Q45115643,7833113,0311,1279,3282,16919,210
 2,0362,19611,5501,14712,4884,37533,7937,13756,085
2017         
Q16305962,6542692,6601,6488,4573,4503,536
Q26916012,8542423,0741,5338,9963,30240,953
Q38826203,6262502,4121,5449,3341,5873,493
Q48577734,4493442,4811,63310,5363,2082,665
 3,0592,58913,5831,10610,6286,35737,32211,54750,648
2018         
Q17608822,9252953,3301,4269,6182,2503,511
Q29208413,417344n/a1n/a19,749n/a1n/a1
Q31,0227794,5513442,4161,55710,6694,0394,894
Q49527215,243403n/a1n/a111,434n/a1n/a1
 3,6543,22316,1361,38511,1385,93341,46914,57636,703
2019         
Q19667373,6253283,3431,15810,1582,9524,601
Q21,0237203,915337n/a1n/a19,592n/a1n/a1
Q31,2637905,407376n/a1n/a111,898n/a1n/a1
Q41,1257056,326445n/a1n/a112,060n/a1n/a1
 4,3772,95319,2731,48611,2934,32743,70914,195104,458
2020         
Q11,1446064,054398n/a1n/a110,209n/a1n/a1
          
Percentage change on corresponding period of previous year
201423.114.612.171.613.912.014.639.328.0
201536.1-3.414.19.214.227.415.7-22.8267.0
201636.518.316.526.019.3-18.312.638.1100.3
201750.217.917.6-3.6-14.945.310.461.8-9.7
201819.424.518.825.34.8-6.711.126.2-27.5
201919.8-8.419.47.31.4-27.15.4-2.6184.6
          
2014         
Q121.829.723.064.27.323.717.7-2.051.9
Q217.025.320.859.117.413.119.2-3.842.6
Q338.018.15.680.111.86.311.4134.81.1
Q416.7-8.66.378.119.76.311.7128.125.6
2015         
Q130.0-4.611.048.532.334.024.0-40.492.0
Q222.9-10.412.120.633.532.921.73.5162.4
Q351.5-9.811.3-2.126.017.717.1-73.7252.4
Q436.912.619.9-11.7-27.324.52.930.5510.0
2016         
Q151.63.84.87.413.0-27.13.939.2186.3
Q258.026.315.828.510.5-25.28.833.8189.1
Q318.232.323.242.76.6-4.113.7215.8111.0
Q428.312.218.227.261.1-14.323.70.740.9
2017         
Q137.124.635.53.6-23.756.19.8130.8-64.7
Q232.56.311.5-7.76.046.214.569.2182.5
Q362.05.411.6-20.3-21.434.94.84.3-71.8
Q467.636.917.610.7-18.144.913.047.9-86.1
2018         
Q120.648.010.29.525.2-13.413.7-34.8-0.7
Q233.239.919.741.9n/a1n/a18.4n/a1n/a1
Q315.925.725.537.60.20.814.3154.540.1
Q411.1-6.717.917.0n/a1n/a18.5n/a1n/a1
2019         
Q127.2-16.423.911.30.4-18.85.631.231.1
Q211.2-14.414.6-2.1n/a1n/a1-1.6n/a1n/a1
Q323.51.418.89.4n/a1n/a111.5n/a1n/a1
Q418.2-2.220.710.4n/a1n/a15.5n/a1n/a1
2020         
Q118.4-17.811.821.2n/a1n/a10.5n/a1n/a1
1Data suppressed for confidentiality reasons
Annex 4D Components of Modified Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2018)1 - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther Building and ConstructionTransfer CostsMachinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D service imports and trade in IPModified Gross Domestic Fixed Capital FormationAircraft related to LeasingR&D service imports and trade in IP
20141,1312,45211,1081,1649,3074,74829,7847,0137,858
20151,5212,24512,0111,16210,3855,81433,1475,35527,266
20162,0382,50113,1641,37012,5384,66536,4027,33953,815
20172,9522,78314,6041,20710,5506,64138,73111,68947,657
20183,6543,22316,1361,38511,1385,93341,46914,57636,703
20194,1032,76918,0651,41211,4664,17241,98713,938106,210
          
2014         
Q12536392,2282502,3761,1766,9621,8901,787
Q22826292,5132472,0061,2106,8491,4761,994
Q33126433,0743042,3141,1787,7531,9201,776
Q42855423,2933642,6101,1858,2201,7272,300
 1,1312,45211,1081,1649,3074,74829,7847,0137,858
2015         
Q13265792,3493203,0821,5408,3181,1193,528
Q23465482,7142642,6001,5498,0561,5145,070
Q34655423,2142762,8591,3218,7054985,998
Q43845763,7343031,8441,4038,0692,22412,671
 1,5212,24512,0111,16210,3855,81433,1475,35527,266
2016         
Q14595572,2973223,4951,0608,3521,5409,634
Q25136442,9363212,9281,1408,5232,00714,152
Q35536843,7513693,0921,2579,6891,56612,056
Q45136164,1803583,0221,2089,8382,22617,973
 2,0382,50113,1641,37012,5384,66536,4027,33953,815
2017         
Q16426542,9213092,6401,7088,9063,5043,352
Q26896553,1072723,0281,6239,4313,34238,619
Q38326733,9192672,4001,6419,7101,6053,273
Q47888024,6583592,4831,67010,6843,2382,413
 2,9522,78314,6041,20710,5506,64138,73111,68947,657
2018         
Q17849073,0453053,2971,4109,7962,2593,187
Q29288483,456346n/a2n/a29,809n/a2n/a2
Q31,0097764,5403392,4041,57710,6204,0384,547
Q49336915,095395n/a2n/a211,245n/a2n/a2
 3,6543,22316,1361,38511,1385,93341,46914,57636,703
2019         
Q19167133,4993163,3831,1099,9342,9114,633
Q29656843,717322n/a2n/a29,269n/a2n/a2
Q31,1737455,104355n/a2n/a211,412n/a2n/a2
Q41,0496265,745420n/a2n/a211,372n/a2n/a2
 4,1032,76918,0651,41211,4664,17241,98713,938106,210
2020         
Q11,0735703,759379n/a2n/a29,706n/a2n/a2
          
Percentage change on corresponding period of previous year
201415.29.57.151.910.712.210.738.831.4
201534.5-8.58.1-0.211.622.411.3-23.6247.0
201634.011.49.617.920.7-19.89.837.097.4
201744.911.310.9-11.9-15.942.46.459.3-11.4
201823.815.810.514.85.6-10.77.124.7-23.0
201912.3-14.112.01.92.9-29.71.2-4.4189.4
          
2014         
Q118.218.715.053.84.522.812.9-2.251.5
Q29.418.114.441.614.815.015.3-4.148.9
Q330.517.33.156.78.97.18.8133.85.1
Q44.9-12.81.154.315.55.47.0127.029.9
2015         
Q129.3-9.45.427.929.731.019.5-40.897.4
Q222.6-12.88.07.029.628.117.62.6154.2
Q349.3-15.74.6-9.223.512.212.3-74.1237.7
Q434.76.313.4-16.8-29.418.4-1.828.8450.8
2016         
Q140.6-3.7-2.20.713.4-31.20.437.6173.1
Q248.317.68.221.712.6-26.45.832.6179.1
Q318.926.116.733.78.2-4.911.3214.4101.0
Q433.76.912.018.363.9-13.921.90.141.8
2017         
Q140.017.327.2-4.1-24.561.16.6127.6-65.2
Q234.51.75.8-15.43.442.410.766.5172.9
Q350.3-1.54.5-27.6-22.430.50.22.5-72.9
Q453.730.111.40.3-17.838.28.645.5-86.6
2018         
Q122.138.84.3-1.424.9-17.510.0-35.5-4.9
Q234.629.511.327.4n/a2n/a24.0n/a2n/a2
Q321.215.415.827.10.2-3.89.4151.638.9
Q418.3-13.89.410.0n/a2n/a25.3n/a2n/a2
2019         
Q116.7-21.414.93.62.6-21.41.428.945.3
Q24.0-19.37.5-7.1n/a2n/a2-5.5n/a2n/a2
Q316.3-4.012.44.4n/a2n/a27.5n/a2n/a2
Q412.4-9.412.86.4n/a2n/a21.1n/a2n/a2
2020         
Q117.1-20.07.420.0n/a2n/a2-2.3n/a2n/a2
1Chain linked series not additive
2Data suppressed for confidentiality reasons
Annex 4E Components of Modified Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2018)1 - Seasonally Adjusted€million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
PeriodAll Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D service imports and trade in IPModified Gross Domestic Fixed Capital Formation All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)2Machinery and Equipment excluding Aircraft related to LeasingIntangible Assets excluding R&D service imports and trade in IPModified Gross Domestic Fixed Capital Formation
2014         
Q13,0211,8961,0545,942 3,8421,9291,1926,886
Q23,1562,1201,0566,269 3,9552,1631,1997,267
Q33,1572,3911,0676,605 3,9652,4251,2097,628
Q43,1702,7251,0307,000 3,8512,7431,1517,887
2015         
Q13,3862,6991,4087,481 4,0992,6931,5598,380
Q23,4672,7871,4147,651 4,1752,7671,5468,550
Q33,5212,9711,2437,675 4,1552,9541,3448,488
Q43,7161,9951,2797,150 4,2961,9471,3607,687
2016         
Q13,7253,1291,0357,887 4,2053,1381,0808,556
Q24,1913,0541,0648,318 4,7303,0891,1469,018
Q34,3883,1591,1798,699 4,9343,1881,2649,409
Q44,5003,1511,0868,778 4,9593,1221,1609,310
2017         
Q14,7732,3011,6448,758 5,1662,2841,7709,230
Q24,8563,2161,5649,530 5,2053,1831,6419,984
Q35,0952,5091,5669,079 5,3492,5041,6229,389
Q45,5652,6061,5689,866 5,7752,5811,60110,058
2018         
Q15,7112,9681,44310,032 5,8682,9371,48110,229
Q26,070n/a3n/a310,356 6,148n/a3n/a310,412
Q36,2762,5131,55810,339 6,2002,5101,53610,234
Q46,224n/a3n/a310,658 6,119n/a3n/a310,529
2019         
Q16,6582,9821,18610,661 6,3603,0221,17710,442
Q26,772n/a3n/a310,211 6,411n/a3n/a39,864
Q37,154n/a3n/a311,492 6,692n/a3n/a310,963
Q47,289n/a3n/a311,223 6,741n/a3n/a310,620
2020         
Q17,223n/a3n/a310,741 6,678n/a3n/a310,233
          
Percentage change on previous quarter
2014         
Q12.7-18.99.2-5.9 1.6-21.09.7-7.4
Q24.511.80.35.5 2.912.10.55.5
Q30.012.81.05.4 0.212.10.85.0
Q40.414.0-3.56.0 -2.913.1-4.83.4
2015         
Q16.8-1.036.76.9 6.4-1.835.56.3
Q22.43.30.42.3 1.82.7-0.82.0
Q31.66.6-12.10.3 -0.56.8-13.1-0.7
Q45.5-32.92.9-6.9 3.4-34.11.2-9.4
2016         
Q10.256.9-19.110.3 -2.161.2-20.611.3
Q212.5-2.42.85.5 12.5-1.66.15.4
Q34.73.410.84.6 4.33.210.44.3
Q42.6-0.3-7.90.9 0.5-2.0-8.2-1.1
2017         
Q16.1-27.051.4-0.2 4.2-26.952.5-0.9
Q21.739.8-4.98.8 0.839.4-7.38.2
Q34.9-22.00.1-4.7 2.8-21.3-1.1-6.0
Q49.23.90.18.7 8.03.1-1.37.1
2018         
Q12.613.9-8.01.7 1.613.8-7.51.7
Q26.3n/a3n/a33.2 4.8n/a3n/a31.8
Q33.4n/a3n/a3-0.2 0.8n/a3n/a3-1.7
Q4-0.8n/a3n/a33.1 -1.3n/a3n/a32.9
2019         
Q17.0n/a3n/a30.0 3.9n/a3n/a3-0.8
Q21.7n/a3n/a3-4.2 0.8n/a3n/a3-5.5
Q35.6n/a3n/a312.5 4.4n/a3n/a311.1
Q41.9n/a3n/a3-2.3 0.7n/a3n/a3-3.1
2020         
Q1-0.9n/a3n/a3-4.3 -0.9n/a3n/a3-3.6
1Chain linked series not additive
2The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
3Data suppressed for confidentiality reasons

Background Notes

Introduction 

This release gives the official quarterly national accounts estimates for Ireland. It provides the first set of results for quarter 1 of 2020 (Q1 2020 Final).

National accounts are compiled in the EU according to the European System of National and Regional Accounts (ESA 2010) framework. In 2014, the new ESA 2010 framework replaced the previous ESA 95 version and all EU member states were required to adopt ESA 2010 by September 2014.  ESA 2010 is the European version of the current UN mandated international standards for national accounts statistics, the System of National Accounts (SNA) 2008.

The aggregates shown have been derived from a wide variety of sources. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates given in this release have a higher margin of error than the annual figures.

Revisions

Figures for previous quarters have been revised and realigned with the latest annual estimates for 2019 and earlier years also being published today.

Nace Classification

In compliance with EU regulations the Nace Rev. 2 classification system is used in Tables 1, 2, 5 and 6. (The national classification system that was used up to and including the Q4 2011 QNA results that were published in March 2012 was replaced with the Nace Rev. 2 classification system in the Q1 2012 results published in July 2012).

The results for the economy are shown for 10 sectors (Nace A10) at Basic Prices. The contents of the sectors conform to the Nace Rev. 2 system.  The “Publishing” and “Software” industries are classified in the sector “Information and communication.”

Tables 1, 2, 5 and 6 show a full A10 breakdown that replaces the five sectors used up to QNA Q4 2016. The correspondence with the relevant sections of NACE Rev.2 is as follows:

Agriculture, forestry and fishing Section A
Industry (excluding Construction) Sections B,C,D,E
Of which: Manufacturing Section C
Construction Section F
Distribution, transport, hotels and restaurants Sections G,H,I
Information and communication Section J
Financial and insurance activities Section K
Real estate activities Section L
Professional, admin and support services Sections M,N
Public admin, education and health Sections O,P,Q
Arts, entertainment and other services Sections R,S,T

For further information on the Nace Rev. 2 classification of industrial activity, visit the CSO website:

https://www.cso.ie/en/methods/classifications/industrialactivity.

Current Price

For the annual accounts, GDP at current prices is calculated using two independent approaches i.e. the income and expenditure methods. Since the Q1 2018 reference quarter results published in July 2018, GDP at current prices has been calculated using two independent methods, namely current price output and current price expenditure. The output estimates in current prices are supplied in Table 2; the expenditure estimates in current prices are supplied in Table 4.

Volumes

At constant prices, two measures (output and expenditure) are similarly used. These measures are produced using annual chain linked indices. On the output side, for each quarter, the volume growth measures at a detailed level are weighted together using value added weights of the previous year. Similarly, on the expenditure side, the growth estimates are weighted by expenditure weights of the previous year.  The average of the two measures is the growth measure used. The change over a period of years is then calculated by linking together the annual changes. The estimates in this release are referenced to 2018 values. A consequence of this method is that the individual components of GDP at reference year values do not add to the total.

Definitions

Gross Domestic Product (GDP) represents the total value added (output) in the production of goods and services in the country.

Net factor income from the rest of the world (NFI) is the difference between investment income (interest, profits etc.) and labour income earned abroad by Irish resident persons and companies (inflows) and similar incomes earned in Ireland by non-residents (outflows). The data are taken from the Balance of International Payments statistics that are based on the BPM6 framework. The components of interest flows involving banks in the Net factor income item in the national accounts are constructed on the basis of “pure” interest rates (that is exclusive of FISIM).  Under BPM5 based Balance of International Payments data released previously, this FISIM adjustment was not carried out. However, under the BPM6 framework introduced in 2014, FISIM is now being treated as part of financial services, rather than income, bringing it into line with the treatment of FISIM in national accounts statistics. The deflator used to generate the constant price figures is based on the implied quarterly price index for the exports of goods and services. In some years exceptional income payments have had to be deflated individually.

Gross National Product (GNP) is the sum of GDP and NFI. Because NFI is the difference between two large gross flows, its magnitude can fluctuate greatly from one quarter to another. This can lead to significant differences between the GDP and GNP growth rate for the same quarter.

Methodology

Table 1 and 2: Output Measure

The estimation procedures are similar to those used for the annual accounts whenever possible.  However, in a number of cases the annual methodology cannot be followed due to the lack of relevant data quarterly.

Agriculture, Forestry and Fishing

The estimate for Agriculture is calculated by using the available sub-annual information for exports and slaughterings of animals, milk deliveries, stock changes (six-monthly), fertiliser and feeding stuffs usage etc. For some items, annual figures are distributed equally across the quarters. Monthly sea fish landings are used to estimate the quarterly output of fishing.

Industry 

The gross value added of manufacturing industry is calculated by applying monthly volume of production indices to the previous year's quarterly gross value added, including royalties. Royalties are separately deflated using the export price index and then deducted.

Construction

Changes in the volume of investment in construction projects are used to estimate the output of the building and construction sector.

Distribution, Transport, Hotels & Restaurants

For distribution the methods used are similar to those used for the annual calculation. They rely heavily on the retail sales indices and other CSO services inquiries. In the case of transport, most of the output measures used for the annual calculations are available on a quarterly basis.

Information and communication

For communications the main data sources are direct inquiries to the service suppliers, with additional data and trend estimation for some residual components.

Public Administration, Education and Health

The quarterly estimate of value added for public administration and defence, education and health sector has been calculated based on the employment trends in the various elements of the sector.

Financial and insurance activities, Real estate activities, Professional, admin and support services and Arts, entertainment and other services

The remaining services categories cover a variety of service activities, some of which are surveyed on a quarterly basis by the CSO. For some services, information on outputs is not directly available on a quarterly basis. In most of these cases, quarterly estimates are derived using trends in related indicators. In a small number of residual cases, annual estimates are distributed equally across the quarters.

Product Taxes and Product Subsidies

Taxes and subsidies are deflated at a detailed level using appropriate price indices.  Value added taxes and excise duties have been accrued and recorded in the period in which the underlying expenditure took place.

Net factor income from the rest of the world (NFI)

The value of net income flows with the rest of the world in the Quarterly National Accounts release is generally consistent with the published Balance of International Payments statistics.

Tables 3 and 4: Expenditure Measures

The various components of the expenditure based measure of GDP are defined in the annual National Income and Expenditure publication. The methods used for the quarterly series are similar to those used for the annual where possible but in many cases alternative methods have been applied.

Personal Consumption Expenditure is estimated using CSO data, such as the Retail Sales Indices together with some direct inquiries. Administrative data sources are used for some goods such as fuel and power products and motor vehicles. Constant price estimates are obtained using components of the Consumer Price Index (CPI).

Net Expenditure by Central and Local Government at current market prices is estimated using Government records. From Q2 of 2009 it is calculated net of the public sector pension levy introduced in March 2009. The constant price estimates of remuneration are derived by extrapolating base year estimates using an index of employment or using appropriate deflators for wages and are unaffected by the pension levy which is treated as a reduction in wage rates. Expenditure on goods and services is deflated partly by consumer price indices and partly by wholesale price indices.

Gross Domestic Fixed Capital Formation at current market prices includes expenditure on building and construction work and machinery and equipment. The quarterly estimates of dwellings are based on data from the CSO’s New Dwelling Completions quarterly releases. Information on other building and construction is based on the CSO’s quarterly index of production in Building and Construction. Quarterly estimates of commercial vehicles used in the business sector are estimated using administrative data. Estimates of other machinery and equipment and R&D (included under ESA 2010 standards) are made by reference to import statistics and the CSO Quarterly Capital Assets in Industry Inquiry. Current estimates are deflated to prices of the previous year using appropriate price indices such as components of the Wholesale Price Index (WPI) and indices for construction activity.

Value of Physical Changes in Stocks at current prices covers stock changes in the agricultural, industrial and distribution sectors and in intervention stocks. This item measures the actual value change in stocks between the beginning and end of quarter adjusted for any changes in the prices of the underlying commodities. Data on industrial and distribution stocks are taken from published and unpublished components of the CSO Quarterly Stocks Inquiry. Agricultural stocks are estimated from the results of CSO’s agricultural enumerations and statistics on animal slaughterings, etc. Constant price estimates are calculated by deflating the current estimates using relevant price indices and price data on agricultural and intervention stocks. Some adjustments have been made to the stocks values to improve the coherence of the quarterly accounts. These are judgmental adjustments to allow for within-year timing differences between the output and expenditure measures. Over a calendar year, these adjustments are neutral.

Exports and Imports of Goods and Services at current prices are taken from the CSO Balance of International Payments series. Current price estimates are converted to previous year prices using the available price indices, including export and import unit value indices.

Seasonal Adjustment

Seasonal adjustment is conducted using the direct seasonal adjustment approach. Under this approach, each individual time series is independently adjusted, i.e. aggregate series are adjusted without reference to the component series. This direct approach is applied to GDP and GNP and the seasonally adjusted GDP and GNP are not derived as the sum of the seasonally adjusted components (such as Personal Consumption, Exports etc.) but rather by seasonally adjusting the unadjusted values of GDP and GNP as shown in Tables 1 - 4. On this account, and also because of the statistical discrepancy in the original series, the sum of the seasonally adjusted components of GDP and GNP do not add to the respective seasonally adjusted GDP and GNP series. As part of the seasonal adjustment process, ARIMA models are identified for each series based on unadjusted data spanning Q1 1995 to Q1 2020. These models are then applied to the entire series (Q1 1995 to Q1 2020). Seasonal factors and the parameters of the ARIMA models are updated each quarter.

COVID-19 note
Seasonally adjusting the Quarterly National Accounts will be challenging until the full scale and shape of the impact COVID-19 has on the time series is better understood.  For the time being Q1 2020 has been modelled as an additive outlier (AO) which will be reviewed as required. We have tested the data and treated Q1 as an additive outlier for certain sectors and other contributing elements to the accounts but not all (approximately one quarter of all Q1 2020 time series compiled for national QNA reporting and reporting to Eurostat under the ESA Transmission Programme have been treated as an AO). This treatment for seasonal adjustment purposes reflects the volatile nature of certain economic sectors more impacted by COVID than others, such as retailing and wholesaling, and shall be kept under review going forward as required. Users should be aware that as further data observations become available in the months and quarters ahead, revisions to the seasonal adjustment models may result in revisions to the quarterly seasonally adjusted series.

The adjustments are completed by applying the X-13-ARIMA model, developed by the U.S. Census Bureau to the unadjusted data.  This methodology estimates seasonal factors while also taking into consideration factors that impact on the quality of the seasonal adjustment such as:

• Calendar effects, e.g. the timing of Easter,

• Outliers, temporary changes and level shifts in the series. 

For additional information on the use of X-13-ARIMA see https://www.census.gov/srd/www/winx13/

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