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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 - Implications of COVID-19 on the Quarterly National Accounts Quarter 2 2020.

CSO statistical release, , 11am

Quarterly National Accounts

Quarter 2 2020

GDP and GNP (seasonally adjusted) at constant 2018 prices
Q2 2020
 Amount €mQuarterly % change
GDP82,356-6.1
GNP62,973-7.4

Quarterly decline of 6.1% 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 decreased by 6.1% for the second quarter of 2020. Real GNP fell by 7.4% over the same period.

COVID-19 impact; Mixed results across economic sectors

Value added of Distribution, Transport, Hotels and Restaurants recorded a decrease of 30.3% in volume terms in Q2 2020 compared with the previous quarter while Professional and Administrative Services contracted 28.2% over the period. Construction declined by 38.3% quarter-on-quarter, with Agriculture, Forestry and Fishing falling by 60.6% and Arts and Entertainment by 65.5%. Information & Communication recorded a 2.3% decrease in real terms in the quarter with Financial and Insurance activities and Real Estate activities recording declines of 8.2% and 5.4% respectively, see Table 5. Value added of Industry (excluding Construction) rose by 1.5% quarter-on-quarter and Public Administration, Education and Health increased by 0.6% over the same period.

Declines in Personal Consumption, Capital Investment and Imports, increased Govt Expenditure

On the expenditure side of the accounts (Table 7), Capital Investment contracted by 67.4% (-€36.5 billion) in Q2 2020 with a commensurate decrease in Imports of 35.5% (-€41.4 billion) compared with the previous quarter. This is largely explained by the absence of substantial imports of Intellectual Property Products (IPP) following on from the globalisation effect in Capital Investment and Imports that took place in Q1 2020. However these declines are also partially due to COVID-19 effects. The two impacts, the decline in IPP Capital Investment and Imports quarter-on-quarter, are largely offsetting and do not have a significant effect on the GDP growth rates reported. Personal Consumption Expenditure (PCE) which accounted for 45.6% of final domestic demand, decreased by 19.6% in the quarter. Exports decreased by 3.1% which meant that overall net exports for the quarter exhibited a surplus of €34,533m (a change in net exports of €37,820m over the net deficit of €3,286m in Q1 2020). Government expenditure showed an increase of 7.5% over the same period.

Final domestic demand declined by 46.9% in Q2 2020 over Q1 2020 due mainly to the significant COVID-19 related decline in Personal Consumption Expenditure by 19.6% but also the significant globalisation effect on Capital Investment in Q1 that did not recur in Q2. While net exports increased €37,820 million in the quarter to give a surplus of €34,533m, this was offset by the falls in Personal Consumption of 19.6% and Capital Investment of 67.4% resulting in an overall decrease in real GDP in Q2 2020 of 6.1%. Factor Income outflows were 1.5% lower in Q2 2020 (€19,383m) compared with Q1 2020 (€19,673m) and consequently GNP decreased by 7.4% 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 16.4% in Q2 2020 compared to Q1 2020, driven by falls in personal consumption and domestic capital formation of 19.6% and 28.2% respectively.

The CSO has changed the approach to seasonal adjustment in this Release (see Background notes). The indirect approach for seasonal adjustment replaces the direct approach and aggregates are now generated by aggregating the seasonally adjusted components. The decision was taken following the advice of our colleagues in CSO Methodology Division and is in line with the CSO Policy on Seasonal Adjustment and Eurostat’s Seasonal Adjustment recommendations.  The change in approach will ensure greater consistency between the seasonally adjusted components of GDP such as Personal Consumption, Gross Fixed Capital Formation etc. and the seasonally adjusted aggregates for GDP and GNP. These aggregates have previously been estimated using the direct approach and were separately seasonally adjusted.

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 Q2 2019

Revised estimates for the second quarter of 2020 indicate that there was a decrease of 3.0% in GDP in real terms in Q2 2020 compared with Q2 2019. Industry (excluding Construction) made a positive contribution to the Q2 result, rising by 15.9%.  All other sectors exhibited year-on-year declines with Distribution, Transport, Hotels and Restaurants recording a decrease of 32.0%. Year-on-year contractions were also recorded in Professional & Administrative Services (-28.1%), Construction (-34.6%), Agriculture (-46.9%) and Arts & Entertainment (-67.9%). The Information & Communication sector declined 4.3% year-on-year with Public Administration, Education and Health exhibiting a small decline of 0.2% and Financial & Insurance activities and Real Estate activities exhibiting declines of 3.7% and 4.4% respectively.  

On the expenditure side of the accounts (Table 3) Capital Investment contracted by 67.5% in Q2 2020 compared with Q2 2019 and accounted for 38.9% of total domestic demand in Q2 2020. Imports decreased by 37.2% year-on-year compared with Q2 2019 while Exports decreased by -0.2%. Personal Consumption Expenditure exhibited a year-on-year decline of 22.1% in the quarter. Final Domestic Demand decreased by 50.0% in Q2 2020 compared with Q2 2019 while Modified Domestic Demand declined by 15.7% over the same period.

Factor income outflows were 4.5% lower than in the same quarter of 2019 resulting in a decrease in GNP of 2.5% year-on-year.

FOR REVISIONS TABLES, PLEASE CLICK ON THE FOLLOWING LINK Quarterly National Accounts Revisions Tables 1 to 4 Quarter 2 2020 (XLS 37KB)

GDPGNP
2019 Q11.042251488012273.19107661592939
2019 Q21.909509377766571.46738364580862
2019 Q33.274787564465414.64333449326504
2019 Q41.318013706590791.56158396452206
2020 Q1-2.05358464191237-1.97523306985818
2020 Q2-6.06272072955989-7.38991379301773
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                
Q189632,54031,2381,9338,83311,7514,7975,0368,4868,03697982,1804,33286,512-19,34667,166
Q262533,04131,7891,2136,03311,1684,3464,7846,2168,39733277,3523,54480,896-19,97460,922
                
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                
Q17.022.623.48.1-3.915.57.82.20.60.8-8.28.6-30.55.7 7.4
Q2-46.915.917.1-34.6-32.0-4.3-3.7-4.4-28.1-0.2-67.9-1.8-24.4-3.0 -2.5
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                 
Q182635,17034,0182,1048,97912,8594,7975,8988,4158,2831,053-1,19287,1914,37991,570-20,01471,556
Q250432,23031,5851,3106,11612,8034,3225,7136,8498,81334022379,2233,57682,799-20,04362,756
                  
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                 
Q113.125.127.013.0-3.918.110.45.2-4.62.1-3.3 10.8-29.77.8 10.1
Q2-51.622.426.3-35.6-32.31.9-2.10.3-24.22.8-67.8 -1.2-24.6-2.5 -1.4
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         
Q125,8578,60949,7121,569108,752-109,09286,512-19,34667,166
Q220,5589,51517,0492,098107,723-74,84980,896-19,97460,922
          
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         
Q1-2.53.0184.4 6.547.55.7 7.4
Q2-22.112.1-71.3 -0.2-37.2-3.0 -2.5
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          
Q126,8128,92446,8861,504112,164-105,9111,19291,570-20,01471,556
Q221,2909,84417,2622,039107,734-75,147-22382,799-20,04362,756
           
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          
Q1-0.46.4164.7 7.041.9 7.8 10.1
Q2-21.213.4-71.7 -1.4-37.4 -2.5 -1.4
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                
Q155213,10511,8431,3247,1274,2944,2384,7495,3837,30577947,8774,20252,078-8,17243,906
Q268014,60413,3161,3597,3025,0394,2024,7955,5067,33180649,4554,47453,928-7,99745,931
Q371313,91212,4021,3457,3444,9344,4154,8445,6807,32081050,4834,22954,712-8,65346,060
Q472613,25311,9491,3057,4884,9364,3734,8915,8717,31880349,6104,81854,429-8,33446,094
2015                
Q164726,18325,0601,3937,6485,5824,6564,9086,0087,47285562,5864,57467,160-16,14451,016
Q264923,34522,1021,4117,6995,5364,6394,8336,2207,53285060,9364,78665,722-10,55955,164
Q374424,30723,2911,4117,9145,7154,5534,8806,4677,57788763,3634,76968,132-18,01050,122
Q480025,32224,2281,4567,9875,5484,6814,8676,3427,62092363,9344,80668,739-16,59852,142
2016                
Q178823,69022,5761,3908,2615,6404,3334,8486,4057,62294460,9905,06166,050-11,29154,759
Q280123,23622,0311,5838,2545,6654,3744,9006,4497,71195661,7175,18066,897-10,81656,081
Q377421,08320,0281,6398,3706,4304,1584,9016,5927,63498262,1174,91567,032-14,96752,065
Q477128,55827,3161,6558,2146,5924,1214,8896,6197,7051,01269,3914,99274,383-14,21760,166
2017                
Q181824,76823,5241,6958,5676,8494,2604,9557,3627,7721,00366,7675,25472,021-15,23656,785
Q285523,46122,2491,7418,5496,9604,4184,9747,4897,9241,05167,2084,92972,137-15,64256,495
Q385724,90023,7081,7888,6558,0264,4474,9807,7148,0561,00471,6125,20876,820-14,48962,331
Q478027,14725,9311,9268,6599,3294,4134,9847,6358,0801,04473,7705,42279,192-16,91562,277
2018                
Q173427,53726,4051,9438,7959,3634,5254,9527,9718,1771,04875,7495,22880,977-17,03563,941
Q268428,77527,4802,0099,1109,9554,6244,9918,4368,1201,02776,1005,20081,300-15,67365,627
Q371328,11326,8802,0279,19710,1084,6654,9848,5828,1901,08777,1705,52782,697-17,09865,599
Q477428,21826,9592,0018,7129,7424,7595,0408,8608,2161,03677,6405,43983,079-20,73762,342
2019                
Q186526,53925,2802,0749,33410,4004,7265,0098,5958,3201,07478,2025,73883,939-19,61464,326
Q291728,82727,4932,0909,24412,4234,8185,0558,6728,4801,05679,8495,69585,543-20,27365,271
Q389531,14429,8812,1819,26311,7194,9975,0938,6708,5381,07282,6015,74488,346-20,04368,302
Q41,05329,97028,6502,2039,27811,4445,1035,0749,0908,5781,05783,7545,75689,510-20,14169,369
2020                
Q192632,75631,4442,2169,01212,0495,0845,1158,6748,41798883,6554,01787,671-19,67367,998
Q236533,24632,0361,3686,28411,7764,6654,8426,2308,46534078,0904,26682,356-19,38362,973
                 
Percentage change on previous quarter
2014                
Q1-8.67.17.3-0.30.1-4.30.31.34.40.61.53.53.63.5 2.5
Q223.111.412.42.62.417.4-0.91.02.30.43.53.36.53.6 4.6
Q34.9-4.7-6.9-1.00.6-2.15.11.03.2-0.10.42.1-5.51.5 0.3
Q41.8-4.7-3.7-3.02.00.0-1.01.03.4-0.0-0.9-1.713.9-0.5 0.1
2015                
Q1-10.997.6109.76.72.113.16.50.32.32.16.626.2-5.123.4 10.7
Q20.3-10.8-11.81.30.7-0.8-0.4-1.53.50.8-0.6-2.64.6-2.1 8.1
Q314.64.15.4-0.02.83.2-1.91.04.00.64.34.0-0.43.7 -9.1
Q47.64.24.03.20.9-2.92.8-0.3-1.90.64.00.90.80.9 4.0
2016                
Q1-1.5-6.4-6.8-4.53.41.7-7.4-0.41.00.02.2-4.65.3-3.9 5.0
Q21.7-1.9-2.413.8-0.10.41.01.10.71.21.31.22.41.3 2.4
Q3-3.4-9.3-9.13.51.413.5-4.90.02.2-1.02.70.6-5.10.2 -7.2
Q4-0.435.536.41.0-1.92.5-0.9-0.20.40.93.111.71.611.0 15.6
2017                
Q16.1-13.3-13.92.44.33.93.41.311.20.9-1.0-3.85.2-3.2 -5.6
Q24.5-5.3-5.42.7-0.21.63.70.41.72.04.80.7-6.20.2 -0.5
Q30.26.16.62.71.215.30.70.13.01.7-4.56.65.76.5 10.3
Q4-9.09.09.47.70.016.2-0.80.1-1.00.34.03.04.13.1 -0.1
2018                
Q1-5.81.41.80.91.60.42.5-0.64.41.20.42.7-3.62.3 2.7
Q2-6.84.54.13.43.66.32.20.85.8-0.7-2.00.5-0.50.4 2.6
Q34.2-2.3-2.20.91.01.50.9-0.11.70.95.91.46.31.7 -0.0
Q48.50.40.3-1.3-5.3-3.62.01.13.20.3-4.70.6-1.60.5 -5.0
2019                
Q111.8-5.9-6.23.77.16.8-0.7-0.6-3.01.33.70.75.51.0 3.2
Q25.98.68.80.8-1.019.42.00.90.91.9-1.72.1-0.81.9 1.5
Q3-2.48.08.74.30.2-5.73.70.7-0.00.71.53.40.93.3 4.6
Q417.7-3.8-4.11.00.2-2.32.1-0.44.80.5-1.41.40.21.3 1.6
2020                
Q1-12.09.39.80.6-2.95.3-0.40.8-4.6-1.9-6.6-0.1-30.2-2.1 -2.0
Q2-60.61.51.9-38.3-30.3-2.3-8.2-5.4-28.20.6-65.5-6.76.2-6.1 -7.4
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                
Q148610,7289,5751,0316,9864,3263,6193,3074,7666,93187242,7334,18346,916-7,33939,577
Q262511,74010,5591,1177,2214,9503,6213,3994,9146,96189644,4044,45348,857-8,32340,534
Q364011,0729,7001,1397,2854,8943,8263,4855,1066,96389244,9544,21449,169-8,11441,055
Q466210,1628,9931,1627,4474,8133,8273,5795,3346,97688145,2714,77150,042-7,58142,461
2015                
Q152222,94321,8471,2117,3205,8074,0803,6985,8067,04584958,8884,53563,423-15,85547,568
Q252623,38122,2861,2427,4105,5654,0943,7076,0747,10083859,3194,74764,066-11,71252,353
Q361823,83622,8511,2047,6405,8444,0853,7996,3557,16686661,5954,73866,333-18,06548,268
Q467825,40724,2801,2637,7825,5934,2433,8506,2977,24190764,1764,75768,933-16,36452,569
2016                
Q163821,97720,8581,3218,1185,7374,2053,9066,3317,27086160,3235,01265,335-10,87954,456
Q263022,18521,0261,4498,1375,7574,2894,0146,4077,36287259,1935,14664,338-11,58652,752
Q363422,69921,6011,4928,2606,4824,1184,0796,5917,33088461,9154,88366,797-14,72952,068
Q465126,97525,7591,4798,2756,6414,1044,1336,6847,43392068,9754,94473,918-13,82460,094
2017                
Q185424,10422,9081,8748,6526,8014,3534,0967,2907,55398165,2905,22870,518-15,10455,414
Q290223,22722,0571,7728,6936,8874,5414,1847,4677,7171,02866,6094,90771,516-16,61954,897
Q391024,90523,8031,7998,8528,0694,6374,2597,7037,89197070,6945,18075,874-14,19261,682
Q481529,37428,1761,9019,0569,5194,6314,3257,6847,9631,03375,2485,40080,648-16,28264,366
2018                
Q174026,87725,6881,8988,7369,3264,5034,8277,9148,1271,04575,4065,21080,616-16,96363,653
Q270627,50426,2731,9769,0089,9474,6234,9528,4228,0811,02775,4355,18980,624-16,29964,324
Q371629,20327,9862,0389,10410,0244,6685,0358,5898,2121,08276,5195,53982,058-17,00665,053
Q474328,74127,4292,0669,0119,8754,7585,1578,9218,2861,04778,4875,45683,943-20,36063,583
2019                
Q176627,56526,3532,1099,26111,2224,6255,5578,9308,4141,09179,5655,76185,326-19,82665,500
Q279428,37726,9932,0939,31513,3604,7105,7099,0468,5971,07781,9775,75687,733-21,06166,673
Q378130,18828,9652,1799,46912,5654,9205,8569,0698,7251,09284,1885,79989,987-20,38069,606
Q492231,09329,7452,2539,76612,7445,0365,9139,5668,8121,09287,0235,83592,858-20,43172,426
2020                
Q186134,40433,4032,3598,90013,2805,1075,8418,5488,6231,05588,4204,07192,491-19,98172,510
Q225834,84334,1671,3616,29013,4944,6385,7356,8528,83534882,0174,30486,322-19,79966,523
                 
Percentage change on previous quarter
2014                
Q1-12.110.312.89.9-4.9-3.79.11.63.90.82.93.34.13.3 2.1
Q228.69.410.38.43.414.40.12.83.10.42.73.96.54.1 2.4
Q32.3-5.7-8.12.00.9-1.15.72.53.90.0-0.51.2-5.40.6 1.3
Q43.4-8.2-7.32.02.2-1.70.02.74.50.2-1.20.713.21.8 3.4
2015                
Q1-21.0125.8142.94.2-1.720.76.63.38.81.0-3.730.1-4.926.7 12.0
Q20.61.92.02.51.2-4.20.30.24.60.8-1.20.74.71.0 10.1
Q317.61.92.5-3.13.15.0-0.22.54.60.93.33.8-0.23.5 -7.8
Q49.76.66.34.91.9-4.33.81.3-0.91.04.74.20.43.9 8.9
2016                
Q1-5.9-13.5-14.14.64.32.6-0.91.40.50.4-5.1-6.05.4-5.2 3.6
Q2-1.30.90.89.60.20.42.02.81.21.31.2-1.92.7-1.5 -3.1
Q30.62.32.73.01.512.6-4.01.62.9-0.41.44.6-5.13.8 -1.3
Q42.718.819.2-0.90.22.5-0.31.31.41.44.111.41.210.7 15.4
2017                
Q131.2-10.6-11.126.74.52.46.1-0.99.11.66.6-5.35.7-4.6 -7.8
Q25.6-3.6-3.7-5.40.51.34.32.22.42.24.82.0-6.11.4 -0.9
Q30.87.27.91.51.817.22.11.83.22.3-5.76.15.56.1 12.4
Q4-10.317.918.45.72.318.0-0.11.5-0.20.96.56.44.36.3 4.4
2018                
Q1-9.2-8.5-8.8-0.2-3.5-2.0-2.811.63.02.11.20.2-3.5-0.0 -1.1
Q2-4.62.32.34.13.16.72.72.66.4-0.6-1.80.0-0.40.0 1.1
Q31.46.26.53.21.10.81.01.72.01.65.41.46.81.8 1.1
Q43.6-1.6-2.01.4-1.0-1.51.92.43.90.9-3.22.6-1.52.3 -2.3
2019                
Q13.1-4.1-3.92.12.813.6-2.87.80.11.64.21.45.61.6 3.0
Q23.62.92.4-0.80.619.01.82.71.32.2-1.33.0-0.12.8 1.8
Q3-1.56.47.34.11.7-5.94.52.60.21.51.52.70.72.6 4.4
Q418.03.02.73.43.11.42.31.05.51.0-0.03.40.63.2 4.1
2020                
Q1-6.510.612.34.7-8.94.21.4-1.2-10.6-2.1-3.41.6-30.2-0.4 0.1
Q2-70.01.32.3-42.3-29.31.6-9.2-1.8-19.82.5-67.1-7.25.7-6.7 -8.3
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         
Q122,9316,85310,9241,01652,875-43,50152,078-8,17243,906
Q223,2237,05110,1092756,658-45,30853,928-7,99745,931
Q323,3636,82712,36912158,895-47,69654,712-8,65346,060
Q423,6646,74410,9391,68858,236-48,19654,429-8,33446,094
2015         
Q123,6157,00213,44256275,681-55,91067,160-16,14451,016
Q223,8406,99614,43063576,177-58,13465,722-10,55955,164
Q324,0996,97816,2401,79480,396-62,46868,132-18,01050,122
Q424,2847,12421,2741,16281,165-67,88368,739-16,59852,142
2016         
Q125,0647,23320,27285580,630-70,93666,050-11,29154,759
Q224,9207,25524,44523081,311-73,47666,897-10,81656,081
Q324,9787,33924,6204882,784-73,18267,032-14,96752,065
Q425,3887,51427,7663,59682,943-73,57074,383-14,21760,166
2017         
Q125,5457,49317,126-49885,816-64,74272,021-15,23656,785
Q225,4127,51850,9611,54586,798-100,31272,137-15,64256,495
Q325,8137,64016,3152,35189,794-63,90776,820-14,48962,331
Q426,0147,80313,47175196,645-65,71779,192-16,91562,277
2018         
Q126,1237,85617,1432,69593,716-65,85180,977-17,03563,941
Q226,3768,04315,633-5599,944-70,27281,300-15,67365,627
Q326,5588,18721,162-441100,938-74,20382,697-17,09865,599
Q426,5758,14438,514-847104,538-93,56283,079-20,73762,342
2019         
Q127,0758,53519,9751,913106,422-78,71683,939-19,61464,326
Q227,2548,48958,691-729109,815-119,71085,543-20,27365,271
Q327,3428,60923,168398111,843-83,98488,346-20,04368,302
Q427,3308,63460,060156113,330-119,09689,510-20,14169,369
2020         
Q126,3478,81852,4111,798113,430-116,71687,671-19,67367,998
Q221,1889,47515,8251,843109,872-75,33882,356-19,38362,973
          
Percentage change on previous quarter
2014         
Q1-0.10.316.4 5.27.63.5 2.5
Q21.32.9-7.5 7.24.23.6 4.6
Q30.6-3.222.4 3.95.31.5 0.3
Q41.3-1.2-11.6 -1.11.0-0.5 0.1
2015         
Q1-0.23.822.9 30.016.023.4 10.7
Q21.0-0.17.3 0.74.0-2.1 8.1
Q31.1-0.312.5 5.57.53.7 -9.1
Q40.82.131.0 1.08.70.9 4.0
2016         
Q13.21.5-4.7 -0.74.5-3.9 5.0
Q2-0.60.320.6 0.83.61.3 2.4
Q30.21.20.7 1.8-0.40.2 -7.2
Q41.62.412.8 0.20.511.0 15.6
2017         
Q10.6-0.3-38.3 3.5-12.0-3.2 -5.6
Q2-0.50.3197.6 1.154.90.2 -0.5
Q31.61.6-68.0 3.5-36.36.5 10.3
Q40.82.1-17.4 7.62.83.1 -0.1
2018         
Q10.40.727.3 -3.00.22.3 2.7
Q21.02.4-8.8 6.66.70.4 2.6
Q30.71.835.4 1.05.61.7 -0.0
Q40.1-0.582.0 3.626.10.5 -5.0
2019         
Q11.94.8-48.1 1.8-15.91.0 3.2
Q20.7-0.5193.8 3.252.11.9 1.5
Q30.31.4-60.5 1.8-29.83.3 4.6
Q4-0.00.3159.2 1.341.81.3 1.6
2020         
Q1-3.62.1-12.7 0.1-2.0-2.1 -2.0
Q2-19.67.5-69.8 -3.1-35.5-6.1 -7.4
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         
Q121,6936,5739,6871,04149,149-41,54746,916-7,33939,577
Q222,0726,7579,1321153,480-43,63648,857-8,32340,534
Q322,2596,70910,66217355,472-46,45449,169-8,11441,055
Q422,5586,68510,6221,86455,900-47,15850,042-7,58142,461
2015         
Q122,5416,77312,26953876,258-55,34963,423-15,85547,568
Q222,8596,76313,48371278,415-58,78464,066-11,71252,353
Q323,2196,75314,8841,95582,044-62,34066,333-18,06548,268
Q423,4016,97422,0731,24183,461-67,30168,933-16,36452,569
2016         
Q124,2617,06020,09676181,777-68,66465,335-10,87954,456
Q224,0747,04723,52615179,646-72,01664,338-11,58652,752
Q324,1647,17123,6698382,760-71,70466,797-14,72952,068
Q424,5047,28229,0193,80683,738-72,74973,918-13,82460,094
2017         
Q124,8227,33816,228-60886,247-64,77770,518-15,10455,414
Q224,8477,43950,9211,63988,049-101,19071,516-16,61954,897
Q325,2427,62714,9642,57189,428-63,25975,874-14,19261,682
Q425,5447,81514,80361195,391-64,56980,648-16,28264,366
2018         
Q125,8847,93616,4502,63995,040-65,91980,616-16,96363,653
Q226,3757,99817,040-8898,988-70,50180,624-16,29964,324
Q326,6788,19519,956-438101,371-75,85582,058-17,00665,053
Q426,6358,09237,981-781103,900-92,00183,943-20,36063,583
2019         
Q127,5348,53119,2411,743107,154-78,85385,326-19,82665,500
Q227,8638,64560,489-665111,642-121,34187,733-21,06166,673
Q328,0878,74121,883434114,118-83,93289,987-20,38069,606
Q428,0888,90956,826-33115,388-116,49392,858-20,43172,426
2020         
Q127,5169,09951,5861,688114,749-112,70692,491-19,98172,510
Q221,9249,78017,9861,813110,376-76,19586,322-19,79966,523
          
Percentage change on previous quarter
2014         
Q10.40.611.8 5.99.43.3 2.1
Q21.72.8-5.7 8.85.04.1 2.4
Q30.8-0.716.8 3.76.50.6 1.3
Q41.3-0.4-0.4 0.81.51.8 3.4
2015         
Q1-0.11.315.5 36.417.426.7 12.0
Q21.4-0.19.9 2.86.21.0 10.1
Q31.6-0.210.4 4.66.03.5 -7.8
Q40.83.348.3 1.78.03.9 8.9
2016         
Q13.71.2-9.0 -2.02.0-5.2 3.6
Q2-0.8-0.217.1 -2.64.9-1.5 -3.1
Q30.41.80.6 3.9-0.43.8 -1.3
Q41.41.522.6 1.21.510.7 15.4
2017         
Q11.30.8-44.1 3.0-11.0-4.6 -7.8
Q20.11.4213.8 2.156.21.4 -0.9
Q31.62.5-70.6 1.6-37.56.1 12.4
Q41.22.5-1.1 6.72.16.3 4.4
2018         
Q11.31.511.1 -0.42.1-0.0 -1.1
Q21.90.83.6 4.27.00.0 1.1
Q31.12.517.1 2.47.61.8 1.1
Q4-0.2-1.390.3 2.521.32.3 -2.3
2019         
Q13.45.4-49.3 3.1-14.31.6 3.0
Q21.21.3214.4 4.253.92.8 1.8
Q30.81.1-63.8 2.2-30.82.6 4.4
Q40.01.9159.7 1.138.83.2 4.1
2020         
Q1-2.02.1-9.2 -0.6-3.3-0.4 0.1
Q2-20.37.5-65.1 -3.8-32.4-6.7 -8.3
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             
Q1112,16459,45252,712105,91125,04380,868 108,75260,61048,142109,09226,21082,882
Q2107,73455,99751,73775,14722,62252,525 107,72358,36849,35574,84923,69551,154
              
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 6.57.15.847.5-0.674.2
Q2-1.42.9-5.5-37.4-14.1-43.9 -0.27.6-8.1-37.2-13.5-44.3
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             
Q149,14926,34022,80941,54716,85424,692 52,87527,19825,67743,50117,55425,947
Q253,48028,94324,53743,63617,82825,808 56,65829,23727,42145,30818,32626,982
Q355,47229,42826,04546,45419,13527,319 58,89529,61829,27847,69619,22028,476
Q455,90029,60826,29247,15819,74227,416 58,23629,49928,73748,19619,46528,731
 214,002114,31999,683178,79573,560105,235 226,664115,551111,113184,70174,565110,136
2015             
Q176,25847,72528,53355,34920,67534,674 75,68144,41431,26755,91020,75935,150
Q278,41548,57529,84058,78421,22737,557 76,17743,66532,51258,13420,26937,865
Q382,04451,29130,75362,34022,09240,249 80,39647,52732,87062,46821,76540,703
Q483,46152,51830,94467,30122,65244,649 81,16548,27432,89067,88323,41244,471
 320,179200,109120,070243,77586,646157,129 313,419183,880129,539244,39486,206158,188
2016             
Q181,77749,85031,92768,66421,19047,474 80,63046,69333,93770,93623,31047,626
Q279,64647,30832,33872,01623,08248,934 81,31146,46034,85273,47624,05749,419
Q382,76047,28935,47171,70421,53050,174 82,78445,19937,58573,18222,82050,362
Q483,73848,69335,04472,74921,09651,653 82,94345,67437,26973,57022,07351,497
 327,922193,141134,781285,13386,898198,235 327,668184,025143,643291,16592,261198,904
2017             
Q186,24747,81338,43464,77722,38842,389 85,81644,60241,21464,74222,81341,929
Q288,04948,53639,513101,19023,23277,958 86,79845,31541,483100,31223,42176,890
Q389,42849,38540,04363,25921,67641,583 89,79448,01641,77963,90722,61741,289
Q495,39152,02343,36764,56921,60442,965 96,64552,09644,54965,71722,52643,190
 359,115197,757161,358293,79688,901204,895 359,053190,028169,024294,67791,378203,299
2018             
Q195,04051,24843,79265,91922,25943,660 93,71649,16744,54965,85122,87242,979
Q298,98852,80646,18370,50124,56445,937 99,94453,71546,22970,27224,99845,274
Q3101,37153,04148,33075,85527,05648,799 100,93852,93148,00674,20326,33447,869
Q4103,90054,37449,52692,00127,93564,065 104,53855,56548,97393,56227,68265,880
 399,299211,468187,831304,276101,814202,462 399,135211,379187,756303,889101,886202,002
2019             
Q1107,15455,93051,22478,85326,84552,008 106,42256,20950,21378,71627,28151,435
Q2111,64256,22655,416121,34127,20794,135 109,81555,85953,956119,71027,45792,253
Q3114,11857,83556,28383,93226,87757,055 111,84358,10753,73583,98428,12655,859
Q4115,38857,57957,810116,49327,18789,306 113,33058,52354,806119,09628,24190,855
 448,302227,569220,733400,620108,116292,504 441,409228,699212,710401,507111,105290,402
2020             
Q1114,74958,67156,078112,70625,38087,326 113,43060,06753,363116,71626,63790,080
Q2110,37657,89552,48276,19523,36052,834 109,87260,24549,62775,33823,88551,453
              
Percentage change on previous quarter
2014             
Q15.912.1-0.49.46.711.3 5.211.6-0.87.63.710.3
Q28.89.97.65.05.84.5 7.27.56.84.24.44.0
Q33.71.76.16.57.35.9 3.91.36.85.34.95.5
Q40.80.60.91.53.20.4 -1.1-0.4-1.81.01.30.9
2015             
Q136.461.28.517.44.726.5 30.050.68.816.06.722.3
Q22.81.84.66.22.78.3 0.7-1.74.04.0-2.47.7
Q34.65.63.16.04.17.2 5.58.81.17.57.47.5
Q41.72.40.68.02.510.9 1.01.60.18.77.69.3
2016             
Q1-2.0-5.13.22.0-6.56.3 -0.7-3.33.24.5-0.47.1
Q2-2.6-5.11.34.98.93.1 0.8-0.52.73.63.23.8
Q33.9-0.09.7-0.4-6.72.5 1.8-2.77.8-0.4-5.11.9
Q41.23.0-1.21.5-2.02.9 0.21.1-0.80.5-3.32.3
2017             
Q13.0-1.89.7-11.06.1-17.9 3.5-2.310.6-12.03.4-18.6
Q22.11.52.856.23.883.9 1.11.60.754.92.783.4
Q31.61.71.3-37.5-6.7-46.7 3.56.00.7-36.3-3.4-46.3
Q46.75.38.32.1-0.33.3 7.68.56.62.8-0.44.6
2018             
Q1-0.4-1.51.02.13.01.6 -3.0-5.6-0.00.21.5-0.5
Q24.23.05.57.010.45.2 6.69.23.86.79.35.3
Q32.40.44.67.610.16.2 1.0-1.53.85.65.35.7
Q42.52.52.521.33.331.3 3.65.02.026.15.137.6
2019             
Q13.12.93.4-14.3-3.9-18.8 1.81.22.5-15.9-1.4-21.9
Q24.20.58.253.91.381.0 3.2-0.67.552.10.679.4
Q32.22.91.6-30.8-1.2-39.4 1.84.0-0.4-29.82.4-39.5
Q41.1-0.42.738.81.256.5 1.30.72.041.80.462.7
2020             
Q1-0.61.9-3.0-3.3-6.6-2.2 0.12.6-2.6-2.0-5.7-0.9
Q2-3.8-1.3-6.4-32.4-8.0-39.5 -3.10.3-7.0-35.5-10.3-42.9
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             
Q126,8128,92446,88682,6221,50484,126 25,8578,60949,71284,1771,56985,746
Q221,2909,84417,26248,3972,03950,436 20,5589,51517,04947,1222,09849,220
              
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             
Q1-0.46.4164.755.9 54.2 -2.53.0184.460.8 58.7
Q2-21.213.4-71.7-49.9 -47.6 -22.112.1-71.3-50.0 -47.5
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             
Q121,6936,5739,68737,9521,04138,994 22,9316,85310,92440,7081,01641,724
Q222,0726,7579,13237,9611137,972 23,2237,05110,10940,3832740,410
Q322,2596,70910,66239,63117339,804 23,3636,82712,36942,55812142,678
Q422,5586,68510,62239,8651,86441,729 23,6646,74410,93941,3471,68843,035
2015             
Q122,5416,77312,26941,58253842,121 23,6157,00213,44244,05956244,621
Q222,8596,76313,48343,10571243,817 23,8406,99614,43045,26663545,901
Q323,2196,75314,88444,8561,95546,811 24,0996,97816,24047,3171,79449,111
Q423,4016,97422,07352,4481,24153,688 24,2847,12421,27452,6821,16253,845
2016             
Q124,2617,06020,09651,41776152,179 25,0647,23320,27252,56885553,424
Q224,0747,04723,52654,64615154,797 24,9207,25524,44556,62023056,850
Q324,1647,17123,66955,0048355,087 24,9787,33924,62056,9374856,985
Q424,5047,28229,01960,8053,80664,610 25,3887,51427,76660,6693,59664,265
2017             
Q124,8227,33816,22848,388-60847,780 25,5457,49317,12650,164-49849,666
Q224,8477,43950,92183,2071,63984,846 25,4127,51850,96183,8911,54585,436
Q325,2427,62714,96447,8332,57150,404 25,8137,64016,31549,7672,35152,118
Q425,5447,81514,80348,16361148,773 26,0147,80313,47147,28875148,039
2018             
Q125,8847,93616,45050,2702,63952,908 26,1237,85617,14351,1222,69553,816
Q226,3757,99817,04051,413-8851,326 26,3768,04315,63350,051-5549,996
Q326,6788,19519,95654,829-43854,391 26,5588,18721,16255,908-44155,467
Q426,6358,09237,98172,708-78171,927 26,5758,14438,51473,234-84772,386
2019             
Q127,5348,53119,24155,3071,74357,050 27,0758,53519,97555,5851,91357,498
Q227,8638,64560,48996,998-66596,333 27,2548,48958,69194,434-72993,705
Q328,0878,74121,88358,71143459,145 27,3428,60923,16859,11939859,517
Q428,0888,90956,82693,822-3393,789 27,3308,63460,06096,02415696,180
2020             
Q127,5169,09951,58688,2011,68889,889 26,3478,81852,41187,5751,79889,374
Q221,9249,78017,98649,6901,81351,503 21,1889,47515,82546,4871,84348,331
              
Percentage change on previous quarter
2014             
Q10.40.611.83.1 7.0 -0.10.316.43.9 7.4
Q21.72.8-5.70.0 -2.6 1.32.9-7.5-0.8 -3.1
Q30.8-0.716.84.4 4.8 0.6-3.222.45.4 5.6
Q41.3-0.4-0.40.6 4.8 1.3-1.2-11.6-2.8 0.8
2015             
Q1-0.11.315.54.3 0.9 -0.23.822.96.6 3.7
Q21.4-0.19.93.7 4.0 1.0-0.17.32.7 2.9
Q31.6-0.210.44.1 6.8 1.1-0.312.54.5 7.0
Q40.83.348.316.9 14.7 0.82.131.011.3 9.6
2016             
Q13.71.2-9.0-2.0 -2.8 3.21.5-4.7-0.2 -0.8
Q2-0.8-0.217.16.3 5.0 -0.60.320.67.7 6.4
Q30.41.80.60.7 0.5 0.21.20.70.6 0.2
Q41.41.522.610.5 17.3 1.62.412.86.6 12.8
2017             
Q11.30.8-44.1-20.4 -26.0 0.6-0.3-38.3-17.3 -22.7
Q20.11.4213.872.0 77.6 -0.50.3197.667.2 72.0
Q31.62.5-70.6-42.5 -40.6 1.61.6-68.0-40.7 -39.0
Q41.22.5-1.10.7 -3.2 0.82.1-17.4-5.0 -7.8
2018             
Q11.31.511.14.4 8.5 0.40.727.38.1 12.0
Q21.90.83.62.3 -3.0 1.02.4-8.8-2.1 -7.1
Q31.12.517.16.6 6.0 0.71.835.411.7 10.9
Q4-0.2-1.390.332.6 32.2 0.1-0.582.031.0 30.5
2019             
Q13.45.4-49.3-23.9 -20.7 1.94.8-48.1-24.1 -20.6
Q21.21.3214.475.4 68.9 0.7-0.5193.869.9 63.0
Q30.81.1-63.8-39.5 -38.6 0.31.4-60.5-37.4 -36.5
Q40.01.9159.759.8 58.6 -0.00.3159.262.4 61.6
2020             
Q1-2.02.1-9.2-6.0 -4.2 -3.62.1-12.7-8.8 -7.1
Q2-20.37.5-65.1-43.7 -42.7 -19.67.5-69.8-46.9 -45.9
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        
Q11,1448174,008400n/a1n/a1n/a146,886
Q26765042,5821993,4521,8069,84917,262
         
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        
Q118.410.810.621.7n/a1n/a1n/a1164.7
Q2-33.9-30.1-34.0-40.8n/a1n/a1n/a1-71.7
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        
Q11,0737683,717380n/a2n/a2n/a249,712
Q26344712,3791903,4781,7759,89717,049
         
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        
Q117.17.86.220.5n/a2n/a2n/a2184.4
Q2-34.3-31.2-36.0-41.0n/a2n/a2n/a2-71.3
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         
Q13,0303,7142,9429,687 3,8673,7423,31610,924
Q23,1483,0732,9119,132 3,9633,2242,92210,109
Q33,1434,7142,80610,662 3,9604,8233,58512,369
Q43,1764,2623,18410,622 3,8634,3332,74310,939
2015         
Q13,4053,8045,06012,269 4,1323,7385,57313,442
Q23,4593,8766,14813,483 4,1914,0066,23314,430
Q33,5163,9877,38114,884 4,1613,9618,11716,240
Q43,7083,84214,52322,073 4,2953,81213,16721,274
2016         
Q13,6974,75611,64420,096 4,1894,74411,33920,272
Q24,2234,69514,60823,526 4,7674,93714,74024,445
Q34,3885,29013,99123,669 4,9415,32914,35024,620
Q44,4944,76019,76529,019 4,9794,74818,03927,766
2017         
Q14,7915,9875,45016,228 5,1735,9865,96717,126
Q24,8316,30739,78450,921 5,1966,51539,25050,961
Q35,1154,6955,15414,964 5,3774,5826,35516,315
Q45,6105,0474,14614,803 5,8375,0482,58613,471
2018         
Q15,6155,5515,28416,450 5,7685,5095,86617,143
Q26,0955,2925,65317,040 6,1385,4834,01215,633
Q36,3117,1666,47919,956 6,2436,9617,95721,162
Q46,2267,59924,15737,981 6,1487,65624,71038,514
2019         
Q16,6656,3096,26819,241 6,3716,2937,31019,975
Q26,753n/a3n/a360,489 6,382n/a3n/a358,691
Q37,1886,7157,98021,883 6,7176,35810,09323,168
Q47,266n/a3n/a356,826 6,733n/a3n/a360,060
2020         
Q17,397n/a3n/a351,586 6,839n/a3n/a352,411
Q24,4773,7269,78417,986 4,1334,0157,67615,825
          
Percentage change on previous quarter
2014         
Q12.620.711.611.8 1.617.238.816.4
Q23.9-17.3-1.0-5.7 2.5-13.8-11.9-7.5
Q3-0.253.4-3.616.8 -0.149.622.722.4
Q41.1-9.613.5-0.4 -2.5-10.2-23.5-11.6
2015         
Q17.2-10.858.915.5 7.0-13.7103.222.9
Q21.61.921.59.9 1.47.211.87.3
Q31.72.920.010.4 -0.7-1.130.212.5
Q45.5-3.696.848.3 3.2-3.862.231.0
2016         
Q1-0.323.8-19.8-9.0 -2.524.4-13.9-4.7
Q214.2-1.325.517.1 13.84.130.020.6
Q33.912.7-4.20.6 3.67.9-2.60.7
Q42.4-10.041.322.6 0.8-10.925.712.8
2017         
Q16.625.8-72.4-44.1 3.926.1-66.9-38.3
Q20.85.3630.0213.8 0.48.8557.8197.6
Q35.9-25.6-87.0-70.6 3.5-29.7-83.8-68.0
Q49.77.5-19.6-1.1 8.510.2-59.3-17.4
2018         
Q10.110.027.411.1 -1.29.1126.827.3
Q28.5-4.77.03.6 6.4-0.5-31.6-8.8
Q33.635.414.617.1 1.727.098.335.4
Q4-1.46.0272.890.3 -1.510.0210.582.0
2019         
Q17.0-17.0-74.1-49.3 3.6-17.8-70.4-48.1
Q21.3n/a3n/a3214.4 0.2n/a3n/a3193.8
Q36.4n/a3n/a3-63.8 5.2n/a3n/a3-60.5
Q41.1n/a3n/a3159.7 0.2n/a3n/a3159.2
2020         
Q11.8n/a3n/a3-9.2 1.6n/a3n/a3-12.7
Q2-39.5n/a3n/a3-65.1 -39.6n/a3n/a3-69.8
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             
Q126,8128,92410,39546,1311,50447,635 25,8578,6099,93644,4011,56945,970
Q221,2909,8447,31338,4472,03940,486 20,5589,5157,11737,1892,09839,287
              
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             
Q1-0.46.42.31.5 1.3 -2.53.00.0-0.9 -1.1
Q2-21.213.4-23.8-15.1 -9.7 -22.112.1-23.2-15.7 -10.0
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             
Q121,6936,5736,08534,3511,04135,392 22,9316,8537,07636,8611,01637,876
Q222,0726,7576,20535,0341135,044 23,2237,0517,19437,4682737,495
Q322,2596,7096,63335,60117335,774 23,3636,8277,60137,79012137,911
Q422,5586,6856,92336,1661,86438,030 23,6646,7447,78238,1901,68839,878
2015             
Q122,5416,7737,60436,91753837,456 23,6157,0028,46839,08556239,647
Q222,8596,7637,53437,15671237,867 23,8406,9968,36439,20163539,835
Q323,2196,7537,75937,7311,95539,686 24,0996,9788,48239,5591,79441,354
Q423,4016,9746,98637,3611,24138,602 24,2847,1247,65239,0601,16240,222
2016             
Q124,2617,0607,97439,29576140,056 25,0647,2338,54440,84185541,696
Q224,0747,0478,21339,33315139,484 24,9207,2558,87841,05323041,283
Q324,1647,1718,74540,0798340,162 24,9787,3399,44641,7634841,811
Q424,5047,2828,73440,5203,80644,326 25,3887,5149,35642,2583,59645,854
2017             
Q124,8227,3388,84041,000-60840,392 25,5457,4939,29642,334-49841,836
Q224,8477,4399,49041,7761,63943,415 25,4127,5189,86742,7971,54544,342
Q325,2427,6279,17442,0432,57144,614 25,8137,6409,50542,9582,35145,309
Q425,5447,8159,79643,15661143,767 26,0147,80310,12643,94475144,694
2018             
Q125,8847,93610,13943,9592,63946,597 26,1237,85610,25944,2382,69546,932
Q226,3757,99810,36444,738-8844,650 26,3768,04310,32344,742-5544,686
Q326,6788,19510,37845,251-43844,813 26,5588,18710,32545,071-44144,630
Q426,6358,09210,42045,147-78144,366 26,5758,14410,45645,175-84744,328
2019             
Q127,5348,53110,92546,9911,74348,734 27,0758,53510,63546,2451,91348,158
Q227,8638,64510,47746,985-66546,320 27,2548,48910,03945,782-72945,052
Q328,0878,74111,30448,13343448,566 27,3428,60910,81846,76939847,167
Q428,0888,90910,80547,801-3347,769 27,3308,63410,36046,32415646,480
2020             
Q127,5169,09911,16147,7761,68849,464 26,3478,81810,57945,7441,79847,542
Q221,9249,7807,93939,6431,81341,456 21,1889,4757,59338,2561,84340,099
              
Percentage change on previous quarter
2014             
Q10.40.6-2.3-0.0 4.1 -0.10.3-3.3-0.7 2.9
Q21.72.82.02.0 -1.0 1.32.91.71.6 -1.0
Q30.8-0.76.91.6 2.1 0.6-3.25.70.9 1.1
Q41.3-0.44.41.6 6.3 1.3-1.22.41.1 5.2
2015             
Q1-0.11.39.82.1 -1.5 -0.23.88.82.3 -0.6
Q21.4-0.1-0.90.6 1.1 1.0-0.1-1.20.3 0.5
Q31.6-0.23.01.5 4.8 1.1-0.31.40.9 3.8
Q40.83.3-10.0-1.0 -2.7 0.82.1-9.8-1.3 -2.7
2016             
Q13.71.214.15.2 3.8 3.21.511.74.6 3.7
Q2-0.8-0.23.00.1 -1.4 -0.60.33.90.5 -1.0
Q30.41.86.51.9 1.7 0.21.26.41.7 1.3
Q41.41.5-0.11.1 10.4 1.62.4-1.01.2 9.7
2017             
Q11.30.81.21.2 -8.9 0.6-0.3-0.60.2 -8.8
Q20.11.47.31.9 7.5 -0.50.36.11.1 6.0
Q31.62.5-3.30.6 2.8 1.61.6-3.70.4 2.2
Q41.22.56.82.6 -1.9 0.82.16.52.3 -1.4
2018             
Q11.31.53.51.9 6.5 0.40.71.30.7 5.0
Q21.90.82.21.8 -4.2 1.02.40.61.1 -4.8
Q31.12.50.11.1 0.4 0.71.80.00.7 -0.1
Q4-0.2-1.30.4-0.2 -1.0 0.1-0.51.30.2 -0.7
2019             
Q13.45.44.84.1 9.8 1.94.81.72.4 8.6
Q21.21.3-4.1-0.0 -5.0 0.7-0.5-5.6-1.0 -6.4
Q30.81.17.92.4 4.8 0.31.47.82.2 4.7
Q40.01.9-4.4-0.7 -1.6 -0.00.3-4.2-1.0 -1.5
2020             
Q1-2.02.13.3-0.1 3.6 -3.62.12.1-1.3 2.3
Q2-20.37.5-28.9-17.0 -16.2 -19.67.5-28.2-16.4 -15.7
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         
Q11,1448174,008400n/a1n/a110,395n/a1n/a1
Q26765042,5821991,8561,4967,3131,5968,353
          
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         
Q118.410.810.621.7n/a1n/a12.3n/a1n/a1
Q2-33.9-30.1-34.0-40.8n/a1n/a1-23.8n/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         
Q11,0737683,717380n/a2n/a29,936n/a2n/a2
Q26344712,3791901,9211,5217,1171,5578,376
          
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         
Q117.17.86.220.5n/a2n/a20.0n/a2n/a2
Q2-34.3-31.2-36.0-41.0n/a2n/a2-23.2n/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         
Q13,0302,0041,0506,085 3,8672,0101,1997,076
Q23,1482,0011,0566,205 3,9632,0231,2087,194
Q33,1432,4231,0676,633 3,9602,4211,2197,601
Q43,1762,7121,0356,923 3,8632,7291,1917,782
2015         
Q13,4052,7971,4017,604 4,1322,7751,5618,468
Q23,4592,6621,4137,534 4,1912,6191,5548,364
Q33,5162,9981,2457,759 4,1612,9611,3618,482
Q43,7081,9901,2876,986 4,2951,9331,4237,652
2016         
Q13,6973,2491,0287,974 4,1893,2721,0838,544
Q24,2232,9281,0628,213 4,7672,9561,1558,878
Q34,3883,1741,1828,745 4,9413,2091,2969,446
Q44,4943,1451,0958,734 4,9793,1471,2299,356
2017         
Q14,7912,4181,6328,840 5,1732,4101,7139,296
Q24,8313,1051,5549,490 5,1963,0651,6069,867
Q35,1152,4861,5729,174 5,3772,4861,6429,505
Q45,6102,5981,5889,796 5,8372,6051,68410,126
2018         
Q15,6153,0931,43110,139 5,7683,0741,41710,259
Q26,095n/a3n/a310,364 6,138n/a3n/a310,323
Q36,3112,5001,56710,378 6,2432,5111,57110,325
Q46,226n/a3n/a310,420 6,148n/a3n/a310,456
2019         
Q16,6653,0851,17510,925 6,3713,1451,11910,635
Q26,753n/a3n/a310,477 6,382n/a3n/a310,039
Q37,188n/a3n/a311,304 6,717n/a3n/a310,818
Q47,266n/a3n/a310,805 6,733n/a3n/a310,360
2020         
Q17,397n/a3n/a311,161 6,839n/a3n/a310,579
Q24,4771,9691,4937,939 4,1332,0041,4567,593
          
Percentage change on previous quarter
2014         
Q12.6-13.18.4-2.3 1.6-16.17.5-3.3
Q23.9-0.20.52.0 2.50.60.81.7
Q3-0.221.11.16.9 -0.119.70.95.7
Q41.111.9-3.04.4 -2.512.7-2.32.4
2015         
Q17.23.235.49.8 7.01.731.18.8
Q21.6-4.90.9-0.9 1.4-5.6-0.4-1.2
Q31.712.6-11.93.0 -0.713.0-12.51.4
Q45.5-33.63.4-10.0 3.2-34.74.6-9.8
2016         
Q1-0.363.2-20.214.1 -2.569.2-23.911.7
Q214.2-9.93.33.0 13.8-9.76.73.9
Q33.98.411.36.5 3.68.612.26.4
Q42.4-0.9-7.3-0.1 0.8-1.9-5.1-1.0
2017         
Q16.6-23.149.01.2 3.9-23.439.4-0.6
Q20.828.4-4.87.3 0.427.2-6.26.1
Q35.9-19.91.2-3.3 3.5-18.92.2-3.7
Q49.74.51.06.8 8.54.82.66.5
2018         
Q10.119.1-9.93.5 -1.218.0-15.81.3
Q28.5n/a3n/a32.2 6.4n/a3n/a30.6
Q33.6n/a3n/a30.1 1.7n/a3n/a30.0
Q4-1.4n/a3n/a30.4 -1.5n/a3n/a31.3
2019         
Q17.0n/a3n/a34.8 3.6n/a3n/a31.7
Q21.3n/a3n/a3-4.1 0.2n/a3n/a3-5.6
Q36.4n/a3n/a37.9 5.2n/a3n/a37.8
Q41.1n/a3n/a3-4.4 0.2n/a3n/a3-4.2
2020         
Q11.8n/a3n/a33.3 1.6n/a3n/a32.1
Q2-39.5n/a3n/a3-28.9 -39.6n/a3n/a3-28.2
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 2 of 2020 (Q2 2020).

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

Minor revisions have been made to the previously published figures for 2020.

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

Seasonally adjusted aggregates can be computed either by aggregating the seasonally adjusted components (indirect adjustment) or adjusting the aggregate and the components independently (direct adjustment). In this Release, seasonal adjustment is conducted using the indirect seasonal adjustment approach. This approach is in line with CSO’s Policy on Seasonal Adjustment and Eurostat’s Recommendations on Seasonal Adjustment. The indirect approach can give the best results when the component series show very different seasonal patterns, which is a feature of some data series in the Irish National Accounts. Under this indirect approach, individual time series are independently adjusted at the component level.  These individual series are then aggregated to compute seasonally adjusted results for GDP, GNP etc. This indirect approach is applied to GDP and GNP and the seasonally adjusted GDP and GNP are derived as the sum of the seasonally adjusted components (such as Personal Consumption, Exports etc.). Once the statistical discrepancy is taken into account, the sum of the seasonally adjusted components of GDP and GNP add up to the respective seasonally adjusted GDP and GNP series. As part of the seasonal adjustment process using the US Census Bureau’s X-13-ARIMA framework, 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 Q2 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.  Based on Eurostat guidance, Q1 and Q2 2020 have been modelled as additive outliers (AO) which will be reviewed as required. We have tested the data and treated Q1 and Q2 as additive outliers for certain sectors and other contributing elements to the accounts but not all.  This treatment for seasonal adjustment reflects the volatile nature of economic sectors experiencing a greater COVID impact, such as the retail and wholesale sectors, and will 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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