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E-mail: nat_acc@cso.ie Gordon Cavanagh (+353) 1 498 4307 Andrew McManus (+353) 1 498 4368 Stephen McDonagh (+353) 1 498 4364
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information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-5775
CSO statistical release, 12 July 2016, 11am

Quarterly National Accounts

Quarter 1 2016

GDP and GNP (seasonally adjusted) at constant 2014 prices 
    
 Q1 2016Q1 2016 
    Amount €mQuarterly % change 
GDP61,490-2.1 
GNP50,7861.3 
    

Quarterly decrease of 2.1 per cent in GDP

Figure 1 Seasonally Adjusted growth rates(% change on previous quarter)
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On a seasonally adjusted basis, initial estimates indicate that GDP in volume terms decreased by 2.1 per cent for the first quarter of 2016.  Growth in GNP increased by 1.3 per cent in this quarter.

Value added increase for service sectors in Q1, manufacturing and agriculture decline

Value added increased for all service sectors in the quarter (Table 4). The distribution, transport, software and communications sector increased by 2.8 per cent with the public administration and defence sector increasing by 1.9 per cent. Other Services rose by 1.6 per cent.  There was an overall decrease of 9.2 per cent in industry, within which manufacturing recorded a decline of 11.1 per cent while building and construction recorded a small increase of 0.1 per cent in real terms. Agriculture recorded a quarterly decrease of 4.1 per cent.

Personal Consumption and Government expenditure increase, Capital Investment declines

On the expenditure side of the accounts (Table 6), personal consumption, which accounts for approximately 55 per cent of domestic demand, rose by 2.1 per cent while government expenditure exhibited an increase of 1.6 per cent over the same period. Capital formation declined by 16.1 per cent during Q1 2016 compared with the previous quarter. Total domestic demand decreased by 3.5 per cent in Q1 2016 over Q4 2015.

Exports and Imports both declined in Q1 2016 compared with Q4 2015 but with the import decline of 9.8 per cent outpacing the decline in exports of 5.0 per cent, overall net exports for the quarter rose by 11.2 per cent. When combined with the 3.5 per cent decline in domestic demand, the result was an overall decrease in real GDP in Q1 2016 of 2.1 per cent.

 

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

 

Comparisons with Q1 2015

On the output side of the accounts, gross value added in Agriculture, forestry and fishing increased by 10.4 per cent while Other Services increased by 6.7 per cent. Public administration and defence increased by 5.6 per cent in Q1 2016 compared to the same quarter last year while distribution, transport, software and communication increased by 2.6 per cent. Industry (including Building and construction) increased by 1.8 per cent compared with the same quarter of 2015.

On the expenditure side, Personal expenditure rose by 5.0 per cent. Government expenditure increased by 3.5 per cent while Capital investment decreased by 3.8 per cent compared to Q1 2015. Net exports were €453m lower in the first quarter of 2016 compared with the corresponding quarter of 2015.

Overall, GDP was 2.3 per cent higher in Q1 2016 compared to the same period last year. Factor income outflows were €3,428m lower in Q1 2016 compared with Q1 2015, resulting in an overall increase in GNP of 10.6 per cent year-on-year.

 

X-axis labelGDP %GNP %
2015 Q121.37981202696576.49377576430987
2015 Q2-0.4285899736465527.31920087647626
2015 Q33.10766039403111-1.35901933072005
2015 Q42.25246265167363.11334941585608
2016 Q1-2.082384540737961.29774744249404
Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)€million
PeriodAgric. forestry and fishingIndustryof which Building and constructionDist. transport software and comms.Public admin. and defenceOther services (including rent) GDP at constant factor cost   Taxes less subsidiesGDP at constant market costNet factor income from rest of worldGNP at constant market prices
 
 
 
20103,93746,9845,62242,5157,51765,396 162,81815,362178,190-29,053149,379
20114,10946,5644,89541,8237,59264,170 163,17314,937178,118-34,618143,434
20123,96045,5254,56041,5197,42063,579 161,09315,041176,153-33,191142,903
20133,65143,4614,93844,1237,16064,918 161,89716,180178,089-28,452149,658
20144,15446,5255,40547,1077,16171,825 174,86018,300193,160-29,715163,445
20154,58587,1445,78950,7277,57176,023 224,37219,542243,914-49,928193,986
2010            
Q11,02812,5591,37010,2991,83415,797 39,6714,39344,084-8,17835,992
Q21,34611,8821,38710,4071,89415,995 41,2153,48244,737-8,21536,606
Q389011,5231,47311,0451,93416,407 40,7395,04845,801-7,31738,542
Q467311,0211,39110,7641,85617,197 41,1922,43943,569-5,34338,240
2011            
Q11,05511,9061,23310,1851,87915,176 39,5154,43343,973-8,68935,260
Q21,38712,3731,17910,4511,95915,887 41,7923,37645,152-9,11835,999
Q395011,5331,26210,5531,89516,310 40,5984,70945,335-8,53736,797
Q471810,7521,22110,6341,85916,797 41,2692,41943,658-8,27535,379
2012            
Q11,12912,0301,01810,3141,80515,204 39,2344,43443,669-8,90134,749
Q21,40412,1521,0519,8881,85815,329 41,1223,38144,504-8,35636,133
Q383011,1911,19410,5901,89416,223 39,7994,93144,729-8,30436,410
Q459710,1531,29710,7271,86316,823 40,9372,29543,252-7,63035,610
2013            
Q176511,3081,05510,4181,72815,379 38,4484,71443,161-7,18735,974
Q21,11511,4901,13410,5971,79115,645 40,3543,56543,921-8,21635,690
Q399810,9031,35411,4061,84116,549 41,7515,14346,893-7,26339,639
Q47739,7611,39611,7031,80017,346 41,3442,75744,115-5,78638,354
2014            
Q187511,4311,17410,7981,77216,881 40,9055,15046,047-7,53138,525
Q21,34712,6391,31111,5551,83817,004 43,2354,16947,402-7,99239,424
Q31,04811,5651,49312,3101,80018,405 45,3255,39950,705-7,78442,921
Q488310,8901,42712,4451,75019,536 45,3953,58249,005-6,40842,575
2015            
Q194320,4991,30412,2741,82017,951 53,3505,65259,002-13,89145,112
Q21,36320,9061,35212,1511,90818,079 54,4094,51058,919-9,25149,668
Q31,26323,3341,55313,7141,93619,472 57,4865,56963,055-13,32249,733
Q41,01622,4051,58012,5871,90720,521 59,1273,81162,938-13,46549,473
2016            
Q11,04120,8781,33512,5951,92219,153 54,4055,93260,337-10,46349,874
Percentage change on corresponding period of previous year 
20100.32.9-24.01.22.84.4 2.4-2.22.0 3.8
20114.4-0.9-12.9-1.61.0-1.9 0.2-2.8-0.0 -4.0
2012-3.6-2.2-6.8-0.7-2.3-0.9 -1.30.7-1.1 -0.4
2013-7.8-4.58.36.3-3.52.1 0.57.61.1 4.7
201413.87.19.56.80.010.6 8.013.18.5 9.2
201510.487.37.17.75.75.8 28.36.826.3 18.7
2010            
Q1-3.40.4-32.5-1.02.91.7 0.2-4.8-0.3 -1.6
Q2-4.8-1.2-24.50.12.63.5 2.0-3.01.5 1.6
Q37.85.7-19.43.03.53.7 4.02.23.9 7.0
Q48.68.0-18.22.72.38.8 3.6-4.93.1 8.2
2011            
Q12.6-5.2-10.0-1.12.5-3.9 -0.40.9-0.3 -2.0
Q23.04.1-15.00.43.5-0.7 1.4-3.00.9 -1.7
Q36.80.1-14.3-4.4-2.0-0.6 -0.3-6.7-1.0 -4.5
Q46.7-2.4-12.3-1.20.2-2.3 0.2-0.80.2 -7.5
2012            
Q17.01.0-17.41.3-3.90.2 -0.70.0-0.7 -1.4
Q21.2-1.8-10.8-5.4-5.2-3.5 -1.60.1-1.4 0.4
Q3-12.6-3.0-5.40.3-0.1-0.5 -2.04.7-1.3 -1.0
Q4-16.8-5.66.20.90.20.2 -0.8-5.1-0.9 0.7
2013            
Q1-32.2-6.03.61.0-4.31.2 -2.06.3-1.2 3.5
Q2-20.6-5.47.87.2-3.62.1 -1.95.4-1.3 -1.2
Q320.2-2.613.47.7-2.82.0 4.94.34.8 8.9
Q429.4-3.97.69.1-3.43.1 1.020.12.0 7.7
2014            
Q114.31.111.33.62.69.8 6.49.26.7 7.1
Q220.910.015.69.02.68.7 7.116.97.9 10.5
Q35.06.110.37.9-2.211.2 8.65.08.1 8.3
Q414.211.62.36.3-2.812.6 9.830.011.1 11.0
2015            
Q17.879.311.013.72.76.3 30.49.828.1 17.1
Q21.265.43.25.23.86.3 25.88.224.3 26.0
Q320.5101.84.011.47.55.8 26.83.224.4 15.9
Q415.0105.710.71.18.95.0 30.36.428.4 16.2
2016            
Q110.41.82.42.65.66.7 2.05.02.3 10.6
*Chain linked series not additive   
Table 2 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
201083,74126,63129,482-561172,795-144,925-39167,124-28,457138,667
201183,68426,62529,813639177,303-145,143149173,070-33,788139,282
201284,20325,90134,178859187,662-157,516467175,754-33,551142,203
201384,98325,55032,887598191,183-157,3142,322180,209-28,310151,899
201487,76026,47939,5722,827219,790-185,1821,913193,160-29,715163,445
201592,37726,98554,1031,293317,197-235,985-155255,815-53,173202,642
2010          
Q120,5646,7467,345-75740,575-33,164-1041,299-8,01833,281
Q220,4476,5358,073-19943,928-36,714-1042,059-8,02534,035
Q320,6116,4796,12533144,628-35,598-1042,566-7,19735,369
Q422,1206,8737,9396343,664-39,449-1041,200-5,21835,982
2011          
Q120,5286,6256,992-6743,400-35,7023641,812-8,40933,403
Q220,4536,6178,45710144,751-36,7543843,663-8,81234,851
Q320,3426,7046,43787644,312-34,6293844,081-8,38435,696
Q422,3616,6787,927-27144,840-38,0593843,514-8,18235,332
2012          
Q120,2846,6068,22311745,260-38,08411342,519-8,95533,564
Q220,3046,42911,220-6947,503-40,79911944,707-8,39236,315
Q320,8496,5067,18269046,665-37,35211944,659-8,53036,129
Q422,7666,3617,55312148,233-41,28111743,869-7,67436,195
2013          
Q120,4736,2558,07854545,306-38,11355543,099-7,22035,879
Q220,4356,4097,65230149,164-40,07157344,463-8,15736,306
Q321,0836,4828,33766948,179-37,71861447,646-7,21440,432
Q422,9936,4048,820-91748,535-41,41458045,001-5,71939,282
2014          
Q121,0006,5919,36274148,981-42,17044544,950-7,39737,553
Q221,1296,7579,229-61955,214-45,48846246,684-7,96638,718
Q321,7236,6449,9811,38156,894-45,97250751,158-7,76743,391
Q423,9076,48810,9991,32458,703-51,55349950,367-6,58543,782
2015          
Q122,1176,85611,72674173,807-53,702-3761,509-14,64246,867
Q222,0936,75913,70263577,753-59,529-3761,376-9,93051,446
Q323,0276,70014,279-1,13680,577-59,319-3964,090-14,14049,950
Q425,1396,67014,3961,05385,060-63,437-4268,840-14,46154,379
2016          
Q123,4507,10411,26429975,007-54,259-3862,827-11,08351,744
Percentage change on corresponding period of previous year
2010-1.5-10.2-17.9 9.06.8 -1.5 -1.2
2011-0.1-0.01.1 2.60.2 3.6 0.4
20120.6-2.714.6 5.88.5 1.6 2.1
20130.9-1.4-3.8 1.9-0.1 2.5 6.8
20143.33.620.3 15.017.7 7.2 7.6
20155.31.936.7 44.327.4 32.4 24.0
2010          
Q1-3.8-13.3-24.7 1.7-3.6 -4.5 -7.1
Q2-1.9-9.4-14.6 7.56.3 -2.7 -3.8
Q30.1-10.1-20.8 15.313.2 1.8 3.8
Q4-0.3-7.8-11.5 11.611.9 -0.5 2.9
2011          
Q1-0.2-1.8-4.8 7.07.7 1.2 0.4
Q20.01.34.8 1.90.1 3.8 2.4
Q3-1.33.55.1 -0.7-2.7 3.6 0.9
Q41.1-2.8-0.1 2.7-3.5 5.6 -1.8
2012          
Q1-1.2-0.317.6 4.36.7 1.7 0.5
Q2-0.7-2.832.7 6.211.0 2.4 4.2
Q32.5-3.011.6 5.37.9 1.3 1.2
Q41.8-4.8-4.7 7.68.5 0.8 2.4
2013          
Q10.9-5.3-1.8 0.10.1 1.4 6.9
Q20.6-0.3-31.8 3.5-1.8 -0.5 -0.0
Q31.1-0.416.1 3.21.0 6.7 11.9
Q41.00.716.8 0.60.3 2.6 8.5
2014          
Q12.65.415.9 8.110.6 4.3 4.7
Q23.45.420.6 12.313.5 5.0 6.6
Q33.02.519.7 18.121.9 7.4 7.3
Q44.01.324.7 20.924.5 11.9 11.5
2015          
Q15.34.025.3 50.727.3 36.8 24.8
Q24.60.048.5 40.830.9 31.5 32.9
Q36.00.843.1 41.629.0 25.3 15.1
Q45.22.830.9 44.923.1 36.7 24.2
2016          
Q16.03.6-3.9 1.61.0 2.1 10.4
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)*
         €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
201088,74926,43630,632-549176,873-146,860178,190-29,053149,379
201187,82526,18731,668613181,959-150,705178,118-34,618143,434
201286,98425,11135,368855186,298-158,825176,153-33,191142,903
201386,27625,13433,468574192,091-160,577178,089-28,452149,658
201487,76026,47939,5722,827219,790-185,182193,160-29,715163,445
201591,70726,78452,4941,219295,373-225,341243,914-49,928193,986
2010         
Q121,8316,6427,552-72541,480-34,25244,084-8,17835,992
Q221,7006,6888,378-15045,074-36,81344,737-8,21536,606
Q321,9486,4276,51428245,481-35,72545,801-7,31738,542
Q423,2716,6798,1884344,838-40,07043,569-5,34338,240
2011         
Q121,7636,6847,433-12544,923-36,98543,973-8,68935,260
Q221,5546,6048,9547046,390-38,35045,152-9,11835,999
Q321,3336,4376,81083745,202-36,09045,335-8,53736,797
Q423,1756,4628,470-16945,444-39,28043,658-8,27535,379
2012         
Q121,0796,3958,73712645,127-38,88343,669-8,90134,749
Q221,0646,22811,451-9847,460-40,88344,504-8,35636,133
Q321,5746,3077,35966445,588-37,62044,729-8,30436,410
Q423,2686,1817,82016448,124-41,43843,252-7,63035,610
2013         
Q120,9116,1688,37358945,052-38,89643,161-7,18735,974
Q220,8226,0247,80434449,473-40,82043,921-8,21635,690
Q321,4076,4098,43565148,465-38,44546,893-7,26339,639
Q423,1366,5348,856-1,01149,101-42,41644,115-5,78638,354
2014         
Q121,1726,5919,49765049,898-42,67146,047-7,53138,525
Q221,1996,7579,249-48755,484-46,01447,402-7,99239,424
Q321,6776,6449,9771,33357,147-45,77550,705-7,78442,921
Q423,7126,48810,8501,33257,261-50,72249,005-6,40842,575
2015         
Q122,1996,76811,62473969,398-51,86359,002-13,89145,112
Q222,0396,71113,52660072,009-55,96558,919-9,25149,668
Q322,7556,63613,623-1,20775,360-56,34763,055-13,32249,733
Q424,7146,66813,7221,08778,606-61,16662,938-13,46549,473
2016         
Q123,3057,00411,18757370,304-53,22260,337-10,46349,874
Percentage change on corresponding period of previous year 
20100.7-6.5-14.9 5.80.82.0 3.8
2011-1.0-0.93.4 2.92.6-0.0 -4.0
2012-1.0-4.111.7 2.45.4-1.1 -0.4
2013-0.80.1-5.4 3.11.11.1 4.7
20141.75.418.2 14.415.38.5 9.2
20154.51.132.7 34.421.726.3 18.7
2010         
Q1-0.2-8.3-21.1 -0.1-8.0-0.3 -1.6
Q20.4-6.0-10.3 6.20.11.5 1.6
Q31.7-5.7-18.0 11.16.83.9 7.0
Q40.7-5.9-10.6 6.04.73.1 8.2
2011         
Q1-0.30.6-1.6 8.38.0-0.3 -2.0
Q2-0.7-1.36.9 2.94.20.9 -1.7
Q3-2.80.24.5 -0.61.0-1.0 -4.5
Q4-0.4-3.33.4 1.4-2.00.2 -7.5
2012         
Q1-3.1-4.317.5 0.55.1-0.7 -1.4
Q2-2.3-5.727.9 2.36.6-1.4 0.4
Q31.1-2.08.1 0.94.2-1.3 -1.0
Q40.4-4.4-7.7 5.95.5-0.9 0.7
2013         
Q1-0.8-3.6-4.2 -0.20.0-1.2 3.5
Q2-1.2-3.3-31.9 4.2-0.2-1.3 -1.2
Q3-0.81.614.6 6.32.24.8 8.9
Q4-0.65.713.2 2.02.42.0 7.7
2014         
Q11.26.913.4 10.89.76.7 7.1
Q21.812.218.5 12.112.77.9 10.5
Q31.33.718.3 17.919.18.1 8.3
Q42.5-0.722.5 16.619.611.1 11.0
2015         
Q14.92.722.4 39.121.528.1 17.1
Q24.0-0.746.2 29.821.624.3 26.0
Q35.0-0.136.5 31.923.124.4 15.9
Q44.22.826.5 37.320.628.4 16.2
2016         
Q15.03.5-3.8 1.32.62.3 10.6
*Chain linked series not additive  
Table 4 Gross Value Added at Constant Factor Cost by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)€million
PeriodAgric. forestry and fishingIndustryof which Building and constructionDist. transport software and commsPublic admin. and defenceOther services (including rent)GDP at constant factor costTaxes less subsidiesGDP at constant market pricesNet factor income from rest of worldGNP at constant market prices
2010           
Q197012,2071,43310,5361,87016,19740,4733,77844,190-7,90936,360
Q297411,4391,45810,6181,87716,34140,6423,86744,489-7,80536,885
Q399211,6301,40310,7551,89616,22640,9633,95544,889-7,33437,796
Q498311,7811,32010,5381,87516,56740,6513,78144,513-6,02038,291
2011           
Q11,01311,5741,31410,4441,91415,61040,4913,77844,297-8,40435,752
Q21,02211,7961,24110,6941,94316,26941,2503,74044,808-8,69936,217
Q31,03011,6151,19310,2521,85816,12740,5893,65744,433-8,54735,906
Q41,06411,6001,14810,6051,87616,09240,7313,80444,444-8,99135,556
2012           
Q11,09211,7271,10110,4141,84015,69340,3523,74244,142-8,60735,344
Q21,05311,5221,10810,1341,84415,74840,7343,74844,311-7,89436,272
Q392211,2231,12210,4871,85516,02339,5933,85743,723-8,35335,451
Q479710,9811,21110,4731,87816,04240,2743,70443,880-8,33335,868
2013           
Q179411,0881,15510,6981,76415,91739,6953,96743,645-6,90836,655
Q285310,9041,19610,8811,77816,12940,1573,93544,024-7,74735,684
Q31,01310,8641,26611,0511,80316,31541,2984,10445,639-7,29138,580
Q497910,4851,30011,4371,81516,49840,5704,16744,618-6,50038,759
2014           
Q195011,3281,29311,0801,81217,48842,3304,36646,556-7,28639,239
Q21,05012,0601,38311,8741,82117,58043,2144,58947,772-7,48839,230
Q31,03611,4551,39211,9141,76218,11644,6534,42649,316-7,79741,884
Q41,07411,5081,32912,1781,76718,57444,4694,99649,283-7,14843,129
2015           
Q11,05720,5911,44112,5881,86118,58255,3324,84259,820-13,66045,930
Q21,08020,1511,42612,4861,88718,72754,5904,91859,564-8,72149,291
Q31,22122,8941,44513,2601,89719,15856,4514,62761,415-13,33248,621
Q41,20823,3671,47412,3421,92719,50557,8215,16462,798-14,21950,135
2016           
Q11,15821,2211,47512,6911,96419,81356,5095,11461,490-10,24250,786
Percentage change on previous quarter 
2010           
Q14.013.5-12.22.42.15.83.2-1.62.3 3.1
Q20.4-6.31.70.80.30.90.42.30.7 1.4
Q31.91.7-3.81.31.0-0.70.82.30.9 2.5
Q4-1.01.3-5.9-2.0-1.12.1-0.8-4.4-0.8 1.3
2011           
Q13.1-1.8-0.5-0.92.1-5.8-0.4-0.1-0.5 -6.6
Q20.91.9-5.52.41.54.21.9-1.01.2 1.3
Q30.8-1.5-3.9-4.1-4.4-0.9-1.6-2.2-0.8 -0.9
Q43.2-0.1-3.83.41.0-0.20.34.00.0 -1.0
2012           
Q12.61.1-4.1-1.8-1.9-2.5-0.9-1.6-0.7 -0.6
Q2-3.5-1.70.6-2.70.20.30.90.20.4 2.6
Q3-12.5-2.61.23.50.61.7-2.82.9-1.3 -2.3
Q4-13.6-2.28.0-0.11.30.11.7-4.00.4 1.2
2013           
Q1-0.31.0-4.72.1-6.1-0.8-1.47.1-0.5 2.2
Q27.5-1.73.61.70.81.31.2-0.80.9 -2.6
Q318.7-0.45.91.61.41.22.84.33.7 8.1
Q4-3.3-3.52.73.50.71.1-1.81.5-2.2 0.5
2014           
Q1-3.08.0-0.5-3.1-0.26.04.34.84.3 1.2
Q210.56.57.07.20.50.52.15.12.6 -0.0
Q3-1.3-5.00.60.3-3.23.13.3-3.63.2 6.8
Q43.70.5-4.62.20.32.5-0.412.9-0.1 3.0
2015           
Q1-1.678.98.53.45.30.024.4-3.121.4 6.5
Q22.2-2.1-1.0-0.81.40.8-1.31.6-0.4 7.3
Q313.013.61.36.20.62.33.4-5.93.1 -1.4
Q4-1.12.12.0-6.91.61.82.411.62.3 3.1
2016           
Q1-4.1-9.20.12.81.91.6-2.3-1.0-2.1 1.3
*Chain linked series not additive
Table 5 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
2010         
Q120,9376,7497,334-57141,256-33,95941,903-7,70134,199
Q220,9596,6087,695-28043,084-35,93541,829-7,58934,229
Q320,9586,4926,73112544,856-37,15342,219-7,11135,089
Q420,8336,7937,57616343,571-37,76341,105-6,06635,083
2011         
Q120,9766,6286,9886944,207-36,54342,598-8,08834,474
Q221,0136,6808,10615743,885-35,83843,477-8,37435,075
Q320,6426,6837,01457644,395-36,22543,383-8,27935,038
Q420,9846,6547,843-17544,742-36,90743,558-9,05134,726
2012         
Q120,8126,6078,04219946,255-38,82443,417-8,64934,700
Q220,9476,45910,86712946,617-39,75944,663-7,91036,576
Q321,1466,4687,92432746,618-39,36943,778-8,47035,243
Q421,2376,3977,31316548,019-39,84443,793-8,49835,727
2013         
Q121,0176,2448,03162846,484-38,96644,097-6,94937,128
Q221,1706,3927,52458548,327-38,92944,586-7,66536,457
Q321,3016,4558,63030648,041-39,21446,571-7,16239,346
Q421,4566,5008,696-1,01048,103-40,14444,765-6,50638,959
2014         
Q121,5506,5419,28091150,471-43,00346,010-7,18238,773
Q221,8246,7059,177-27254,390-44,27246,929-7,43638,707
Q321,9926,64210,07597856,616-47,40750,087-7,72842,382
Q422,3636,63210,9871,12857,988-50,42449,878-7,36143,488
2015         
Q122,6436,75211,6611,01476,283-54,51563,063-14,44948,412
Q222,8986,69613,66899776,736-58,27261,888-9,37851,282
Q323,2746,72414,207-1,56780,065-60,70162,806-14,10648,927
Q423,5326,84214,44979683,828-62,38767,853-15,24053,970
2016         
Q123,9526,95711,05964477,668-54,93664,483-10,90253,463
Percentage change on previous quarter      
2010         
Q1-0.1-7.9-14.8 6.01.21.7 0.8
Q20.1-2.14.9 4.45.8-0.2 0.1
Q3-0.0-1.8-12.5 4.13.40.9 2.5
Q4-0.64.612.5 -2.91.6-2.6 -0.0
2011         
Q10.7-2.4-7.8 1.5-3.23.6 -1.7
Q20.20.816.0 -0.7-1.92.1 1.7
Q3-1.80.1-13.5 1.21.1-0.2 -0.1
Q41.7-0.411.8 0.81.90.4 -0.9
2012         
Q1-0.8-0.72.5 3.45.2-0.3 -0.1
Q20.6-2.235.1 0.82.42.9 5.4
Q30.90.1-27.1 0.0-1.0-2.0 -3.6
Q40.4-1.1-7.7 3.01.20.0 1.4
2013         
Q1-1.0-2.49.8 -3.2-2.20.7 3.9
Q20.72.4-6.3 4.0-0.11.1 -1.8
Q30.61.014.7 -0.60.74.5 7.9
Q40.70.70.8 0.12.4-3.9 -1.0
2014         
Q10.40.66.7 4.97.12.8 -0.5
Q21.32.5-1.1 7.83.02.0 -0.2
Q30.8-0.99.8 4.17.16.7 9.5
Q41.7-0.29.1 2.46.4-0.4 2.6
2015         
Q11.31.86.1 31.58.126.4 11.3
Q21.1-0.817.2 0.66.9-1.9 5.9
Q31.60.43.9 4.34.21.5 -4.6
Q41.11.81.7 4.72.88.0 10.3
2016         
Q11.81.7-23.5 -7.3-11.9-5.0 -0.9
          
Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2014)* - 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 prices Net factor income from rest of worldGNP at constant market prices
2010         
Q122,1926,6857,432-54042,239-34,58644,190-7,90936,360
Q222,2006,7018,008-28144,214-36,20044,489-7,80536,885
Q322,2846,5187,1915845,631-37,34344,889-7,33437,796
Q422,0236,5657,90721444,721-38,45944,513-6,02038,291
2011         
Q122,1806,6877,3371545,896-37,37644,297-8,40435,752
Q222,0966,6328,6039245,473-37,60244,808-8,69936,217
Q321,6396,4877,45845745,165-37,76644,433-8,54735,906
Q421,8716,4088,1874545,382-38,23044,444-8,99135,556
2012         
Q121,5566,3688,62522046,231-39,68944,142-8,60735,344
Q221,6626,26811,1183446,567-40,01844,311-7,89436,272
Q321,8916,3157,90923145,399-39,80843,723-8,35335,451
Q421,8366,1887,61536647,961-39,95443,880-8,33335,868
2013         
Q121,4206,1158,25562846,961-39,38043,645-6,90836,655
Q221,4606,0557,68655347,996-39,88644,024-7,74735,684
Q321,6456,4048,83025848,121-40,03145,639-7,29138,580
Q421,7246,5888,706-87848,791-41,03244,618-6,50038,759
2014         
Q121,6226,5189,39666051,478-43,16146,556-7,28639,239
Q221,8316,7569,205-26254,699-45,04447,772-7,48839,230
Q321,9766,65610,2081,03656,629-47,30149,316-7,79741,884
Q422,3066,57710,7121,38656,698-49,42349,283-7,14843,129
2015         
Q122,6496,66711,62571571,809-52,34259,820-13,66045,930
Q222,7386,68613,49384471,130-54,99159,564-8,72149,291
Q323,0556,67613,752-1,40774,568-57,82861,415-13,33248,621
Q423,2546,77213,5231,04077,673-59,89962,798-14,21950,135
2016         
Q123,7456,88311,35055573,821-54,05061,490-10,24250,786
Percentage change on previous quarter       
2010         
Q11.2-3.5-16.6 0.2-5.72.3 3.1
Q20.00.27.7 4.74.70.7 1.4
Q30.4-2.7-10.2 3.23.20.9 2.5
Q4-1.20.710.0 -2.03.0-0.8 1.3
2011         
Q10.71.9-7.2 2.6-2.8-0.5 -6.6
Q2-0.4-0.817.2 -0.90.61.2 1.3
Q3-2.1-2.2-13.3 -0.70.4-0.8 -0.9
Q41.1-1.29.8 0.51.20.0 -1.0
2012         
Q1-1.4-0.65.3 1.93.8-0.7 -0.6
Q20.5-1.628.9 0.70.80.4 2.6
Q31.10.8-28.9 -2.5-0.5-1.3 -2.3
Q4-0.3-2.0-3.7 5.60.40.4 1.2
2013         
Q1-1.9-1.28.4 -2.1-1.4-0.5 2.2
Q20.2-1.0-6.9 2.21.30.9 -2.6
Q30.95.814.9 0.30.43.7 8.1
Q40.42.9-1.4 1.42.5-2.2 0.5
2014         
Q1-0.5-1.17.9 5.55.24.3 1.2
Q21.03.7-2.0 6.34.42.6 -0.0
Q30.7-1.510.9 3.55.03.2 6.8
Q41.5-1.24.9 0.14.5-0.1 3.0
2015         
Q11.51.48.5 26.75.921.4 6.5
Q20.40.316.1 -0.95.1-0.4 7.3
Q31.4-0.11.9 4.85.23.1 -1.4
Q40.91.4-1.7 4.23.62.3 3.1
2016         
Q12.11.6-16.1 -5.0-9.8-2.1 1.3
*Chain linked series not additive
Annex 1a Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices
 TRADE AT CURRENT PRICES TRADE AT CONSTANT PRICES
 Exports  Imports   Exports  Imports €million
 TotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2010             
Q140,57524,70215,87333,16414,46718,697 41,48024,25917,22234,25214,76919,483
Q243,92826,60617,32236,71416,05120,663 45,07426,33918,73436,81315,28821,524
Q344,62827,08317,54535,59815,09820,501 45,48126,53018,95035,72514,42321,302
Q443,66424,86418,80039,44916,35123,097 44,83824,64320,19540,07015,99924,072
 172,795103,25569,540144,92561,96782,958 176,873101,77175,102146,86060,48086,381
2011             
Q143,40025,42317,97735,70214,79920,902 44,92325,65519,26836,98515,34921,636
Q244,75125,11419,63736,75415,53821,216 46,39025,61820,77238,35016,46921,881
Q344,31225,44318,87034,62913,89620,733 45,20225,19620,00636,09014,85021,241
Q444,84024,59820,24238,05915,08822,971 45,44424,16821,27539,28015,87523,405
 177,303100,57876,725145,14359,32185,822 181,959100,63881,321150,70562,54288,162
2012             
Q145,26025,40519,85538,08416,43721,647 45,12724,65520,47238,88317,06221,822
Q247,50325,60621,89740,79916,33124,468 47,46025,16022,30040,88316,33224,551
Q346,66525,26321,40237,35215,19122,161 45,58823,89021,69837,62015,62121,999
Q448,23325,59922,63441,28117,01924,262 48,12425,13322,99141,43817,15124,287
 187,662101,87485,788157,51664,97892,538 186,29898,83887,460158,82566,16692,659
2013             
Q145,30624,13721,16938,11316,41121,702 45,05223,53021,52338,89617,32621,571
Q249,16425,81123,35340,07116,17323,898 49,47325,85023,62340,82017,03423,786
Q348,17925,11623,06337,71815,30122,417 48,46525,16223,30238,44516,14622,298
Q448,53523,66824,86741,41416,34225,072 49,10123,98225,11942,41617,37225,044
 191,18398,73192,452157,31464,22593,089 192,09198,52493,567160,57767,87892,699
2014             
Q148,98126,18822,79342,17017,24824,922 49,89826,94222,95742,67117,48625,186
Q255,21428,90326,31145,48817,61627,872 55,48429,10226,38146,01418,11227,902
Q356,89429,27327,62145,97218,28727,685 57,14729,18027,96745,77518,08327,692
Q458,70330,10128,60251,55320,57930,974 57,26129,23728,02450,72220,04930,672
 219,790114,463105,327185,18273,729111,453 219,790114,461105,329185,18273,730111,452
2015             
Q173,80746,47827,32953,70220,25333,449 69,39842,86426,53551,86320,18331,680
Q277,75347,20130,55259,52920,72038,809 72,00942,17729,83255,96519,71836,247
Q380,57749,39731,18059,31920,49938,820 75,36045,35630,00456,34719,96336,383
Q485,06052,51632,54463,43723,55239,885 78,60647,51931,08761,16623,86837,298
 317,197195,592121,605235,98585,022150,963 295,373177,915117,458225,34183,732141,609
2016             
Q175,00745,79629,21154,25919,22235,037 70,30442,10928,19553,22220,14433,078
Percentage change on corresponding period of previous year
2010             
Q11.7-2.58.9-3.6-7.5-0.4 -0.1-4.56.9-8.0-14.7-2.1
Q27.55.311.16.36.16.4 6.24.19.20.1-6.04.9
Q315.315.614.713.210.715.1 11.110.511.96.8-0.212.1
Q411.66.918.611.915.89.2 6.00.114.44.73.25.7
2011             
Q17.02.913.37.72.311.8 8.35.811.98.03.911.1
Q21.9-5.613.40.1-3.22.7 2.9-2.710.94.27.71.7
Q3-0.7-6.17.5-2.7-8.01.1 -0.6-5.05.61.03.0-0.3
Q42.7-1.17.7-3.5-7.7-0.5 1.4-1.95.3-2.0-0.8-2.8
2012             
Q14.3-0.110.46.711.13.6 0.5-3.96.25.111.20.9
Q26.22.011.511.05.115.3 2.3-1.87.46.6-0.812.2
Q35.3-0.713.47.99.36.9 0.9-5.28.54.25.23.6
Q47.64.111.88.512.85.6 5.94.08.15.58.03.8
2013             
Q10.1-5.06.60.1-0.20.3 -0.2-4.65.10.01.5-1.1
Q23.50.86.6-1.8-1.0-2.3 4.22.75.9-0.24.3-3.1
Q33.2-0.67.81.00.71.2 6.35.37.42.23.41.4
Q40.6-7.59.90.3-4.03.3 2.0-4.69.32.41.33.1
2014             
Q18.18.57.710.65.114.8 10.814.56.79.70.916.8
Q212.312.012.713.58.916.6 12.112.611.712.76.317.3
Q318.116.619.821.919.523.5 17.916.020.019.112.024.2
Q420.927.215.024.525.923.5 16.621.911.619.615.422.5
2015             
Q150.777.519.927.317.434.2 39.159.115.621.515.425.8
Q240.863.316.130.917.639.2 29.844.913.121.68.929.9
Q341.668.712.929.012.140.2 31.955.47.323.110.431.4
Q444.974.513.823.114.428.8 37.362.510.920.619.021.6
2016             
Q11.6-1.56.91.0-5.14.7 1.3-1.86.32.6-0.24.4
              
Annex 1B Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices*
 TRADE AT CURRENT PRICES TRADE AT CONSTANT PRICES
 Exports  Imports   Exports  Imports €million
 TotalGoodsServicesTotalGoodsServices TotalGoodsServicesTotalGoodsServices
2010             
Q141,25624,80016,52533,95914,29919,494 42,23924,43817,85534,58614,50420,350
Q243,08426,17016,88135,93515,70620,354 44,21425,65618,34836,20014,95721,274
Q344,85627,14017,67737,15315,88421,193 45,63126,63619,12837,34315,24821,941
Q443,57125,14518,36737,76316,00921,866 44,72125,06819,70938,45915,50922,750
 172,767103,25569,450144,81161,89882,907 176,806101,79875,040146,58860,21886,315
2011             
Q144,20725,53918,78836,54314,60621,816 45,89625,82520,02737,37615,07622,638
Q243,88524,72419,13535,83815,26620,748 45,47324,95520,29037,60216,18521,459
Q344,39525,38619,00636,22514,60621,492 45,16525,21220,24437,76615,63121,925
Q444,74224,89819,68136,90715,15621,833 45,38224,66820,67938,23015,86922,236
 177,228100,54876,611145,51359,63485,889 181,917100,66081,239150,97462,76188,258
2012             
Q146,25525,58120,86638,82415,91422,608 46,23124,77021,39439,68917,10822,831
Q246,61725,24621,35339,75916,14823,799 46,56724,59221,74340,01816,12723,938
Q346,61825,13321,48639,36916,40322,928 45,39923,85921,92639,80816,82322,660
Q448,01925,85321,95039,84416,51723,218 47,96125,56822,28039,95416,65323,268
 187,509101,81285,655157,79564,98292,553 186,15898,78887,343159,46966,71192,697
2013             
Q146,48424,38322,39738,96616,20822,682 46,96123,68422,66939,38017,02422,555
Q248,32725,48422,80938,92916,11723,135 47,99625,35223,00339,88616,93023,073
Q348,04124,99223,03139,21415,98323,124 48,12125,13523,44840,03116,78522,905
Q448,10323,75224,07240,14415,77324,117 48,79124,22224,32441,03216,86424,152
 190,95598,61092,310157,25364,08093,057 191,86998,39393,444160,32967,60492,686
2014             
Q150,47126,56924,24343,00317,05826,104 51,47827,18824,33743,16117,16726,353
Q254,39028,58125,77844,27217,67826,901 54,69928,68525,71745,04418,09426,979
Q356,61629,13227,46747,40719,03228,436 56,62929,13627,99047,30118,67328,338
Q457,98830,06227,71450,42419,78929,922 56,69829,31227,17649,42319,51329,730
 219,465114,344105,203185,10673,556111,363 219,505114,321105,220184,92973,447111,400
2015             
Q176,28347,29728,96454,51520,05635,112 71,80943,40628,11352,34219,87633,185
Q276,73646,72530,04358,27220,88937,394 71,13041,72229,13854,99119,74334,986
Q380,06549,19630,90760,70121,28839,731 74,56845,25929,92757,82820,53537,115
Q483,82852,24831,61262,38722,56838,626 77,67347,41130,20959,89923,29636,256
 316,913195,467121,526235,87584,801150,863 295,181177,798117,386225,06083,450141,542
2016             
Q177,66846,68430,96454,93618,70736,819 73,82142,70729,89654,05020,18934,661
Percentage change on corresponding period of previous year
2010             
Q16.05.96.21.23.3-2.4 0.2-2.03.3-5.7-3.4-5.2
Q24.45.52.25.89.84.4 4.75.02.84.73.14.5
Q34.13.74.73.41.14.1 3.23.84.33.21.93.1
Q4-2.9-7.33.91.60.83.2 -2.0-5.93.03.01.73.7
2011             
Q11.51.62.3-3.2-8.8-0.2 2.63.01.6-2.8-2.8-0.5
Q2-0.7-3.21.8-1.94.5-4.9 -0.9-3.41.30.67.4-5.2
Q31.22.7-0.71.1-4.33.6 -0.71.0-0.20.4-3.42.2
Q40.8-1.93.51.93.81.6 0.5-2.22.11.21.51.4
2012             
Q13.42.76.05.25.03.6 1.90.43.53.87.82.7
Q20.8-1.32.32.41.55.3 0.7-0.71.60.8-5.74.8
Q30.0-0.40.6-1.01.6-3.7 -2.5-3.00.8-0.54.3-5.3
Q43.02.92.21.20.71.3 5.67.21.60.4-1.02.7
2013             
Q1-3.2-5.72.0-2.2-1.9-2.3 -2.1-7.41.7-1.42.2-3.1
Q24.04.51.8-0.1-0.62.0 2.27.01.51.3-0.62.3
Q3-0.6-1.91.00.7-0.8-0.0 0.3-0.91.90.4-0.9-0.7
Q40.1-5.04.52.4-1.34.3 1.4-3.63.72.50.55.4
2014             
Q14.911.90.77.18.28.2 5.512.20.15.21.89.1
Q27.87.66.33.03.63.1 6.35.55.74.45.42.4
Q34.11.96.67.17.75.7 3.51.68.85.03.25.0
Q42.43.20.96.44.05.2 0.10.6-2.94.54.54.9
2015             
Q131.557.34.58.11.417.3 26.748.13.45.91.911.6
Q20.6-1.23.76.94.26.5 -0.9-3.93.65.1-0.75.4
Q34.35.32.94.21.96.2 4.88.52.75.24.06.1
Q44.76.22.32.86.0-2.8 4.24.80.93.613.4-2.3
2016             
Q1-7.3-10.7-2.0-11.9-17.1-4.7 -5.0-9.9-1.0-9.8-13.3-4.4
*Chain linked series not additive
              
Annex 2 Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost (Chain linked annually and referenced to year 2014)* - Non-Seasonally Adjusted and Seasonally Adjusted€million
 NON-SEASONALLY ADJUSTED SEASONALLY ADJUSTED
PeriodIndustryof which Transportable Goods Industries and Utilities of which Building and Construction Industryof which Transportable Goods Industries and Utilities of which Building and Construction
2010       
Q112,55911,2141,370 12,20710,8331,433
Q211,88210,5581,387 11,43910,0981,458
Q311,52310,1671,473 11,63010,3381,403
Q411,0219,7341,391 11,78110,4731,320
2011       
Q111,90610,6581,233 11,57410,2931,314
Q212,37311,1271,179 11,79610,5491,241
Q311,53310,2891,262 11,61510,4301,193
Q410,7529,5701,221 11,60010,3871,148
2012       
Q112,03010,8901,018 11,72710,5431,101
Q212,15210,9881,051 11,52210,3851,108
Q311,1919,9991,194 11,22310,0921,122
Q410,1538,9571,297 10,9819,7111,211
2013       
Q111,30810,2061,055 11,0889,9571,155
Q211,49010,3201,134 10,9049,7651,196
Q310,9039,5671,354 10,8649,5931,266
Q49,7618,4181,396 10,4859,0661,300
2014       
Q111,43110,2401,174 11,32810,0881,293
Q212,63911,3111,311 12,06010,7501,383
Q311,56510,0891,493 11,45510,0401,392
Q410,8909,4811,427 11,50810,1301,329
2015       
Q120,49919,1951,304 20,59119,0961,441
Q220,90619,5541,352 20,15118,6591,426
Q323,33421,7811,553 22,89421,5681,445
Q422,40520,8251,580 23,36722,0621,474
2016       
Q120,87819,5431,335 21,22119,6091,475
 Percentage change on corresponding period of previous yearPercentage change on previous quarter
2010       
Q10.43.9-32.5 13.517.0-12.2
Q2-1.20.4-24.5 -6.3-6.81.7
Q35.79.0-19.4 1.72.4-3.8
Q48.011.3-18.2 1.31.3-5.9
2011       
Q1-5.2-5.0-10.0 -1.8-1.7-0.5
Q24.15.4-15.0 1.92.5-5.5
Q30.11.2-14.3 -1.5-1.1-3.9
Q4-2.4-1.7-12.3 -0.1-0.4-3.8
2012       
Q11.02.2-17.4 1.11.5-4.1
Q2-1.8-1.2-10.8 -1.7-1.50.6
Q3-3.0-2.8-5.4 -2.6-2.81.2
Q4-5.6-6.46.2 -2.2-3.88.0
2013       
Q1-6.0-6.33.6 1.02.5-4.7
Q2-5.4-6.17.8 -1.7-1.93.6
Q3-2.6-4.313.4 -0.4-1.85.9
Q4-3.9-6.07.6 -3.5-5.52.7
2014       
Q11.10.311.3 8.011.3-0.5
Q210.09.615.6 6.56.67.0
Q36.15.510.3 -5.0-6.60.6
Q411.612.62.3 0.50.9-4.6
2015       
Q179.387.511.0 78.988.58.5
Q265.472.93.2 -2.1-2.3-1.0
Q3101.8115.94.0 13.615.61.3
Q4105.7119.610.7 2.12.32.0
2016       
Q11.81.82.4 -9.2-11.10.1
*Chain linked series not additive
Annex 3A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2014)* - 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
201083,74126,63129,482139,854-561139,293 88,74926,43630,632145,925-549145,178
201183,68426,62529,813140,122639140,761 87,82526,18731,668145,793613146,284
201284,20325,90134,178144,282859145,141 86,98425,11135,368147,446855148,197
201384,98325,55032,887143,420598144,018 86,27625,13433,468144,893574145,358
201487,76026,47939,572153,8122,827156,639 87,76026,47939,572153,8122,827156,639
201592,37726,98554,103173,4651,293174,758 91,70726,78452,494170,9851,219172,204
2010             
Q120,5646,7467,34534,654-75733,897 21,8316,6427,55236,117-72535,230
Q220,4476,5358,07335,054-19934,855 21,7006,6888,37836,603-15036,401
Q320,6116,4796,12533,21533133,546 21,9486,4276,51434,90128235,216
Q422,1206,8737,93936,9316336,995 23,2716,6798,18838,3044338,332
 83,74126,63129,482139,854-561139,293 88,74926,43630,632145,925-549145,178
2011             
Q120,5286,6256,99234,145-6734,078 21,7636,6847,43335,740-12535,567
Q220,4536,6178,45735,52810135,629 21,5546,6048,95437,0537037,086
Q320,3426,7046,43733,48487634,359 21,3336,4376,81034,77383735,625
Q422,3616,6787,92736,966-27136,695 23,1756,4628,47038,227-16938,005
 83,68426,62529,813140,122639140,761 87,82526,18731,668145,793613146,284
2012             
Q120,2846,6068,22335,11311735,230 21,0796,3958,73736,23112636,325
Q220,3046,42911,22037,953-6937,883 21,0646,22811,45138,694-9838,541
Q320,8496,5067,18234,53669035,227 21,5746,3077,35935,26966435,946
Q422,7666,3617,55336,68012136,800 23,2686,1817,82037,25116437,385
 84,20325,90134,178144,282859145,141 86,98425,11135,368147,446855148,197
2013             
Q120,4736,2558,07834,80654535,350 20,9116,1688,37335,38358935,956
Q220,4356,4097,65234,49630134,797 20,8226,0247,80434,70934435,033
Q321,0836,4828,33735,90266936,571 21,4076,4098,43536,36065136,996
Q422,9936,4048,82038,217-91737,300 23,1366,5348,85638,442-1,01137,373
 84,98325,55032,887143,420598144,018 86,27625,13433,468144,893574145,358
2014             
Q121,0006,5919,36236,95374137,694 21,1726,5919,49737,34465037,993
Q221,1296,7579,22937,115-61936,496 21,1996,7579,24937,270-48736,722
Q321,7236,6449,98138,3491,38139,729 21,6776,6449,97738,2261,33339,591
Q423,9076,48810,99941,3941,32442,718 23,7126,48810,85040,9721,33242,333
 87,76026,47939,572153,8122,827156,639 87,76026,47939,572153,8122,827156,639
2015             
Q122,1176,85611,72640,70074141,441 22,1996,76811,62440,59073941,329
Q222,0936,75913,70242,55463543,18922,0396,71113,52642,27660042,876
Q323,0276,70014,27944,006-1,13642,87022,7556,63613,62343,014-1,20741,808
Q425,1396,67014,39646,2061,05347,25924,7146,66813,72245,1041,08746,191
 92,37726,98554,103173,4651,293174,75891,70726,78452,494170,9851,219172,204
2016            
Q123,4507,10411,26441,81829942,11723,3057,00411,18741,49657342,069
Percentage change on corresponding period of previous year
2010             
Q1-3.8-13.3-24.7-10.9 -11.6 -0.2-8.3-21.1-7.3 -8.2
Q2-1.9-9.4-14.6-6.5 -7.1 0.4-6.0-10.3-3.4 -4.0
Q30.1-10.1-20.8-6.5 -4.4 1.7-5.7-18.0-4.2 -2.0
Q4-0.3-7.8-11.5-4.4 -2.9 0.7-5.9-10.6-2.9 -1.5
2011             
Q1-0.2-1.8-4.8-1.5 0.5 -0.30.6-1.6-1.0 1.0
Q20.01.34.81.3 2.2 -0.7-1.36.91.2 1.9
Q3-1.33.55.10.8 2.4 -2.80.24.5-0.4 1.2
Q41.1-2.8-0.10.1 -0.8 -0.4-3.33.4-0.2 -0.9
2012             
Q1-1.2-0.317.62.8 3.4 -3.1-4.317.51.4 2.1
Q2-0.7-2.832.76.8 6.3 -2.3-5.727.94.4 3.9
Q32.5-3.011.63.1 2.5 1.1-2.08.11.4 0.9
Q41.8-4.8-4.7-0.8 0.3 0.4-4.4-7.7-2.6 -1.6
2013             
Q10.9-5.3-1.8-0.9 0.3 -0.8-3.6-4.2-2.3 -1.0
Q20.6-0.3-31.8-9.1 -8.1 -1.2-3.3-31.9-10.3 -9.1
Q31.1-0.416.14.0 3.8 -0.81.614.63.1 2.9
Q41.00.716.84.2 1.4 -0.65.713.23.2 -0.0
2014             
Q12.65.415.96.2 6.6 1.26.913.45.5 5.7
Q23.45.420.67.6 4.9 1.812.218.57.4 4.8
Q33.02.519.76.8 8.6 1.33.718.35.1 7.0
Q44.01.324.78.3 14.5 2.5-0.722.56.6 13.3
2015             
Q15.34.025.310.1 9.9 4.92.722.48.7 8.8
Q24.60.048.514.7 18.3 4.0-0.746.213.4 16.8
Q36.00.843.114.8 7.9 5.0-0.136.512.5 5.6
Q45.22.830.911.6 10.6 4.22.826.510.1 9.1
2016             
Q16.03.6-3.92.7 1.6 5.03.5-3.82.2 1.8
*Chain linked series not additive    
Annex 3B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2014)* - 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 stockTotal 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 stockTotal Domestic Demand
2010             
Q120,9376,7497,33434,999-57134,428 22,1926,6857,43236,299-54035,621
Q220,9596,6087,69535,205-28034,609 22,2006,7018,00836,736-28136,149
Q320,9586,4926,73134,39212534,575 22,2846,5187,19136,0775836,323
Q420,8336,7937,57635,12916335,567 22,0236,5657,90736,67121436,969
2011             
Q120,9766,6286,98834,5896934,721 22,1806,6877,33736,0451536,068
Q221,0136,6808,10635,77815735,464 22,0966,6328,60337,2829236,954
Q320,6426,6837,01434,51757635,176 21,6396,4877,45835,80645736,494
Q420,9846,6547,84335,175-17535,364 21,8716,4088,18736,5804536,732
2012             
Q120,8126,6078,04235,64219935,918 21,5566,3688,62536,63522036,842
Q220,9476,45910,86738,37812937,917 21,6626,26811,11839,0753438,630
Q321,1466,4687,92435,38532735,854 21,8916,3157,90936,13423136,634
Q421,2376,3977,31334,92716535,433 21,8366,1887,61535,64136636,096
2013             
Q121,0176,2448,03135,35562836,078 21,4206,1158,25535,81662836,470
Q221,1706,3927,52435,03858534,959 21,4606,0557,68635,17355335,236
Q321,3016,4558,63036,41630637,023 21,6456,4048,83036,92625837,547
Q421,4566,5008,69636,552-1,01035,900 21,7246,5888,70636,945-87836,093
2014             
Q121,5506,5419,28037,50991138,463 21,6226,5189,39637,75766038,473
Q221,8246,7059,17737,780-27236,749 21,8316,7569,20537,809-26236,988
Q321,9926,64210,07538,68597840,186 21,9766,65610,20838,6571,03640,212
Q422,3636,63210,98739,7151,12841,027 22,3066,57710,71239,5171,38640,822
2015             
Q122,6436,75211,66141,4041,01442,423 22,6496,66711,62541,10071541,927
Q222,8986,69613,66843,40899743,578 22,7386,68613,49342,93884443,249
Q323,2746,72414,20744,178-1,56743,327 23,0556,67613,75243,333-1,40742,476
Q423,5326,84214,44944,33879645,185 23,2546,77213,52343,5371,04044,369
2016             
Q123,9526,95711,05942,66364443,273 23,7456,88311,35042,10755542,795
Percentage change on previous quarter       
2010             
Q1-0.1-7.9-14.8-5.1 -6.0 1.2-3.5-16.6-4.2 -5.1
Q20.1-2.14.90.6 0.5 0.00.27.71.2 1.5
Q3-0.0-1.8-12.5-2.3 -0.1 0.4-2.7-10.2-1.8 0.5
Q4-0.64.612.52.1 2.9 -1.20.710.01.6 1.8
2011             
Q10.7-2.4-7.8-1.5 -2.4 0.71.9-7.2-1.7 -2.4
Q20.20.816.03.4 2.1 -0.4-0.817.23.4 2.5
Q3-1.80.1-13.5-3.5 -0.8 -2.1-2.2-13.3-4.0 -1.2
Q41.7-0.411.81.9 0.5 1.1-1.29.82.2 0.7
2012             
Q1-0.8-0.72.51.3 1.6 -1.4-0.65.30.2 0.3
Q20.6-2.235.17.7 5.6 0.5-1.628.96.7 4.9
Q30.90.1-27.1-7.8 -5.4 1.10.8-28.9-7.5 -5.2
Q40.4-1.1-7.7-1.3 -1.2 -0.3-2.0-3.7-1.4 -1.5
2013             
Q1-1.0-2.49.81.2 1.8 -1.9-1.28.40.5 1.0
Q20.72.4-6.3-0.9 -3.1 0.2-1.0-6.9-1.8 -3.4
Q30.61.014.73.9 5.9 0.95.814.95.0 6.6
Q40.70.70.80.4 -3.0 0.42.9-1.40.1 -3.9
2014             
Q10.40.66.72.6 7.1 -0.5-1.17.92.2 6.6
Q21.32.5-1.10.7 -4.5 1.03.7-2.00.1 -3.9
Q30.8-0.99.82.4 9.4 0.7-1.510.92.2 8.7
Q41.7-0.29.12.7 2.1 1.5-1.24.92.2 1.5
2015             
Q11.31.86.14.3 3.4 1.51.48.54.0 2.7
Q21.1-0.817.24.8 2.7 0.40.316.14.5 3.2
Q31.60.43.91.8 -0.6 1.4-0.11.90.9 -1.8
Q41.11.81.70.4 4.3 0.91.4-1.70.5 4.5
2016             
Q11.81.7-23.5-3.8 -4.2 2.11.6-16.1-3.3 -3.5
*Chain linked series not additive    
Annex 4A 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
20102,5802,2255,9704449,6125,5248,65029,482
20111,9191,9305,15335610,8926,1019,56329,813
20121,5681,4745,97235213,1168,86111,69634,178
20131,6011,6657,06050112,3566,1069,70432,887
20142,1551,9087,67074615,6207,67011,47339,572
20152,7431,8228,88479616,3656,19623,49554,103
2010        
Q17485731,3621012,5591,2892,0027,345
Q26175491,4761063,5832,4071,7428,073
Q36975661,4541151,3845241,9106,125
Q45195381,6801222,0851,3052,9967,939
 2,5802,2255,9704449,6125,5248,65029,482
2011        
Q15945761,013722,5161,0822,2216,992
Q24905121,1761133,9142,7422,2528,457
Q34904361,454721,8097912,1776,437
Q43454071,5101002,6531,4862,9137,927
 1,9191,9305,15335610,8926,1019,56329,813
2012        
Q13883531,173794,0432,7902,1888,223
Q24043631,234774,0683,0205,07411,220
Q34263881,657822,6161,6032,0147,182
Q43503701,9081142,3901,4472,4207,553
 1,5681,4745,97235213,1168,86111,69634,178
2013        
Q13663701,3221023,8792,4182,0398,078
Q24003961,5501103,0251,6482,1727,652
Q34214142,0391282,6951,1142,6408,337
Q44144862,1501612,7589262,8538,820
 1,6011,6657,06050112,3566,1069,70432,887
2014        
Q14434801,4761464,0581,8402,7599,362
Q25544961,8111513,3711,7662,8469,229
Q36404892,1042014,0801,9082,4689,981
Q45184432,2792484,1112,1563,39910,999
 2,1551,9087,67074615,6207,67011,47339,572
2015        
Q16134571,7102154,2991,3964,43211,726
Q26664412,0211804,1561,7386,23913,702
Q37884532,4201833,3998767,03614,279
Q46774712,7322184,5112,1865,78714,396
 2,7431,8228,88479616,3656,19623,49554,103
2016        
Q16734671,7822154,7021,9663,42311,264
Percentage change on corresponding period of previous year
2010-43.6-26.4-32.5-30.2-6.4-6.51.0-17.9
2011-25.6-13.3-13.7-19.813.310.410.61.1
2012-18.3-23.615.9-1.420.445.222.314.6
20132.113.018.242.4-5.8-31.1-17.0-3.8
201434.614.68.649.026.425.618.220.3
201527.3-4.515.86.74.8-19.2104.836.7
2010        
Q1-53.6-38.2-34.9-57.2-14.3-16.85.2-24.7
Q2-45.0-32.3-33.0-29.411.819.0-11.4-14.6
Q3-37.4-14.3-33.8-16.4-37.3-58.234.4-20.8
Q4-28.8-14.2-28.67.811.320.5-8.4-11.5
2011        
Q1-20.60.4-25.6-28.6-1.7-16.011.0-4.8
Q2-20.6-6.6-20.36.49.213.929.24.8
Q3-29.6-23.00.0-37.830.751.014.05.1
Q4-33.6-24.4-10.1-18.127.313.9-2.8-0.1
2012        
Q1-34.7-38.615.89.460.6157.9-1.517.6
Q2-17.6-29.24.9-31.83.910.2125.432.7
Q3-13.2-10.914.013.544.6102.6-7.511.6
Q41.5-9.026.414.4-9.9-2.6-16.9-4.7
2013        
Q1-5.64.612.729.7-4.0-13.4-6.8-1.8
Q2-0.99.125.642.3-25.6-45.4-57.2-31.8
Q3-1.16.823.057.23.0-30.531.116.1
Q418.231.212.740.715.4-36.017.916.8
2014        
Q121.029.811.742.74.6-23.935.315.9
Q238.525.316.837.811.57.131.120.6
Q351.918.13.256.651.471.3-6.519.7
Q425.3-8.76.054.649.1132.819.124.7
2015        
Q138.4-4.715.947.25.9-24.160.625.3
Q220.1-11.211.619.323.3-1.6119.248.5
Q323.1-7.515.0-9.0-16.7-54.1185.143.1
Q430.56.319.9-12.19.71.470.330.9
2016        
Q19.92.24.20.49.440.8-22.8-3.9
Annex 4B Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2014)* - Non-Seasonally Adjusted€million
PeriodDwellingsImprovementsOther building and constructionTransfer costsMachinery and equipmentof which Other Transport EquipmentIntangible assetsGross domestic fixed capital formation
20102,9182,4646,6102499,8385,5868,77830,632
20112,1342,1395,71131111,3136,27510,04031,668
20121,7211,5886,43439213,4228,98711,69635,368
20131,7061,7447,39254912,5806,1149,52233,468
20142,1551,9087,67074615,6207,67011,47339,572
20152,5471,7289,15673016,0836,08122,97752,494
2010        
Q18536131,470542,6001,2912,0347,552
Q27026061,633593,6822,4361,7608,378
Q37796761,689661,4165321,9436,514
Q45845691,819712,1401,3273,0418,188
 2,9182,4646,6102499,8385,5868,77830,632
2011        
Q16346591,150592,6161,1152,3347,433
Q25455541,290964,0702,8212,3578,954
Q35594711,589631,8768132,2876,810
Q43954551,682932,7521,5263,0638,470
 2,1342,1395,71131111,3136,27510,04031,668
2012        
Q14354001,316874,1662,8522,2848,737
Q24304081,372874,1533,0604,92411,451
Q34663901,715922,6681,6182,0347,359
Q43913902,0311272,4341,4572,4547,820
 1,7211,5886,43439213,4228,98711,69635,368
2013        
Q13954191,4661163,9432,4232,0248,373
Q24344141,6311243,0771,6492,1317,804
Q34414272,1171402,7461,1152,5808,435
Q44364842,1791702,8149282,7878,856
 1,7061,7447,39254912,5806,1149,52233,468
2014        
Q14654981,5261584,0711,8432,7689,497
Q25634891,8081583,3791,7662,8479,249
Q36355012,1371984,0721,9062,4619,977
Q44924212,1982324,0982,1543,39710,850
 2,1551,9087,67074615,6207,67011,47339,572
2015        
Q16004481,8152034,2471,3784,45611,624
Q26334212,0991694,0981,7086,27313,526
Q37234302,4991663,3318576,67213,623
Q45924292,7431934,4082,1385,57613,722
 2,5471,7289,15673016,0836,08122,97752,494
2016        
Q15694581,9281904,5932,3743,44811,187
Percentage change on corresponding period of previous year    
2010-42.2-20.0-26.6-23.5-5.1-4.62.2-14.9
2011-26.9-13.2-13.624.915.012.314.43.4
2012-19.3-25.812.725.918.643.216.511.7
2013-0.99.814.940.1-6.3-32.0-18.6-5.4
201426.39.53.835.824.225.420.518.2
201518.2-9.419.4-2.13.0-20.7100.332.7
2010        
Q1-49.3-33.9-28.5-51.7-13.3-15.910.4-21.1
Q2-43.3-25.9-25.9-21.513.921.5-8.7-10.3
Q3-38.7-0.8-25.6-13.1-36.6-57.234.6-18.0
Q4-31.9-12.8-26.611.512.623.8-9.9-10.6
2011        
Q1-25.77.4-21.78.30.6-13.614.7-1.6
Q2-22.4-8.5-21.064.310.515.833.96.9
Q3-28.2-30.3-5.9-3.232.553.017.74.5
Q4-32.3-19.9-7.531.028.615.00.73.4
2012        
Q1-31.4-39.314.447.659.3155.7-2.117.5
Q2-21.2-26.36.4-10.12.18.5108.927.9
Q3-16.8-17.27.944.342.299.0-11.18.1
Q4-1.2-14.420.836.6-11.5-4.5-19.9-7.7
2013        
Q1-9.24.711.433.5-5.4-15.1-11.4-4.2
Q21.01.318.942.8-25.9-46.1-56.7-31.9
Q3-5.29.323.453.22.9-31.126.814.6
Q411.524.37.333.415.6-36.313.613.2
2014        
Q117.718.94.136.43.3-23.936.713.4
Q229.818.310.928.29.87.133.618.5
Q344.017.31.040.848.371.0-4.618.3
Q412.9-13.20.936.945.6132.321.922.5
2015        
Q128.9-10.018.928.84.3-25.361.022.4
Q212.4-14.016.16.421.3-3.3120.346.2
Q313.8-14.016.9-15.9-18.2-55.0171.136.5
Q420.32.024.8-17.17.6-0.864.226.5
2016        
Q1-5.12.46.2-6.38.272.3-22.6-3.8
*Chain linked series not additive
Annex 4C Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2014)* - Seasonally Adjusted
  CURRENT MARKET PRICES   CONSTANT MARKET PRICES€million
PeriodAll building and construction (including dwellings, improvements, other B&C and transfer costs)**Machinery and equipmentIntangible assetsGross domestic fixed capital formation All building and construction (including dwellings, improvements, other B&C and transfer costs)**Machinery and equipmentIntangible assetsGross domestic fixed capital formation
2010         
Q13,0352,1092,0317,334 3,1232,1362,0937,432
Q22,9012,8951,8897,695 3,1142,9851,9148,008
Q32,6681,8662,0976,731 2,9651,9062,1247,191
Q42,6152,5332,5197,576 2,7632,5992,5347,907
2011         
Q12,5072,0972,3036,988 2,6572,1752,4417,337
Q22,4233,2242,4048,106 2,5433,3642,5348,603
Q32,2922,3802,3597,014 2,4522,4652,4877,458
Q42,1963,1202,4807,843 2,3743,2312,5488,187
2012         
Q12,2113,4102,3078,042 2,3433,5132,4528,625
Q22,1983,4695,29610,867 2,3573,5495,19411,118
Q32,4303,3132,1377,924 2,4393,3762,1777,909
Q42,4792,7192,1177,313 2,5682,7632,0577,615
2013         
Q12,4663,3052,1778,031 2,5593,3632,2478,255
Q22,5982,6942,2107,524 2,6352,7422,1897,686
Q32,7783,2742,7388,630 2,7623,3352,6998,830
Q42,8963,0462,5798,696 2,8353,1062,3718,706
2014         
Q12,9243,4902,9759,280 2,8143,5073,1839,396
Q23,1833,1322,8359,177 3,0213,1332,8549,205
Q33,1754,7692,50010,075 3,0204,7612,50710,208
Q43,1424,4253,16410,987 2,8554,4132,93910,712
2015         
Q13,4573,7674,82311,661 3,0803,7275,28711,625
Q23,4843,9406,10113,668 3,1403,8736,15113,493
Q33,5583,8927,04814,207 3,1893,8176,69713,752
Q43,6884,7485,46814,449 3,2594,6514,85513,523
2016         
Q13,5634,2003,75711,059 3,2954,1064,19711,350
Percentage change on previous quarter
2010         
Q1-14.2-9.3-26.5-14.8 -15.9-9.4-26.0-16.6
Q2-4.437.3-7.04.9 -0.339.8-8.57.7
Q3-8.1-35.611.0-12.5 -4.8-36.111.0-10.2
Q4-2.035.720.112.5 -6.836.319.310.0
2011         
Q1-4.1-17.2-8.6-7.8 -3.9-16.3-3.6-7.2
Q2-3.353.74.416.0 -4.354.63.817.2
Q3-5.4-26.2-1.9-13.5 -3.6-26.7-1.8-13.3
Q4-4.231.15.111.8 -3.231.12.49.8
2012         
Q10.79.3-6.92.5 -1.38.7-3.85.3
Q2-0.61.7129.535.1 0.61.0111.828.9
Q310.5-4.5-59.6-27.1 3.5-4.9-58.1-28.9
Q42.0-17.9-1.0-7.7 5.3-18.2-5.5-3.7
2013         
Q1-0.521.52.89.8 -0.321.79.28.4
Q25.4-18.51.5-6.3 3.0-18.5-2.6-6.9
Q36.921.523.914.7 4.821.623.314.9
Q44.3-7.0-5.80.8 2.6-6.9-12.2-1.4
2014         
Q11.014.615.46.7 -0.712.934.37.9
Q28.9-10.3-4.7-1.1 7.3-10.6-10.3-2.0
Q3-0.352.3-11.89.8 -0.052.0-12.110.9
Q4-1.0-7.226.59.1 -5.5-7.317.24.9
2015         
Q110.1-14.952.46.1 7.9-15.679.98.5
Q20.84.626.517.2 1.93.916.416.1
Q32.1-1.215.53.9 1.6-1.48.91.9
Q43.722.0-22.41.7 2.221.8-27.5-1.7
2016         
Q1-3.4-11.5-31.3-23.5 1.1-11.7-13.6-16.1
*Chain linked series not additive
**The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present

Background Notes

 

Introduction 

This release gives the official quarterly national accounts estimates for Ireland. It provides the first set of results for quarter 1 of 2016.

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

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

Revisions       

Figures for previous quarters have been revised and realigned with the latest annual estimates for 2015 and earlier years also being published today.

Nace classification      

In compliance with EU regulations the Nace Rev. 2 classification system is used in Tables 1, 4 and Annex 2. (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 five sectors. The contents of the sectors conform to the Nace Rev. 2 system.  The “Publishing” industry is classified in the sector “Distribution, transport, software and communication.” In addition, enterprises in the Hotels and catering sector are also classified to this sector. The “Software” industry is also part of the “Distribution transport, software and communications” category in the Nace Rev. 2 classification.

In Tables 1 and 4 the following is the correspondence with the relevant sections of Nace Rev. 2:

 

Agriculture, forestry and fishing     Section A
Industry      Sections B to F
Distribution, transport, software & communications     Sections G to J
Public Administration and Defence    Section O
Other Services (incl. Rent)  

Sections K to N

and P to U

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

http://www.cso.ie/en/surveysandmethodology/classifications/classificationofindustrialactivity.

 

Current Price       

For the annual accounts, GDP at current prices is calculated using two independent approaches i.e. the income and expenditure methods. On a quarterly basis, it is not possible to compile a reliable income based estimate. The estimates in current prices are on the expenditure basis only and these are supplied in Table 2. The balancing item (i.e. the statistical discrepancy) which is required to adjust the expenditure based estimate to the definitive measure of GDP (the average of income and expenditure) has been projected forward into 2016 in line with the trend in the aggregate of all the other expenditure items.

Volumes   

At constant prices, two measures (output and expenditure) are 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 2014 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 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 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: 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 industy 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.

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

Distribution, Transport, Software and Communications

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

Public Administration and Defence

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

Other Services (incl. Rent)

The Other Services category covers 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.

Taxes and 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 Payments statistics.

 

Tables 2 and 3: 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 Department of Environment’s (DoE) Quarterly Housing Bulletin. 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 pricescovers 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 Payments series. Current price estimates are converted to previous year prices using the available price indices, including export and import unit value indices.

Seasonal Adjustment       

Seasonal adjustment is conducted using the direct seasonal adjustment approach. Under this approach, each individual time series is independently adjusted, i.e. aggregate series are adjusted without reference to the component series. This direct approach is applied to GDP and GNP and the seasonally adjusted GDP and GNP are not derived as the sum of the seasonally adjusted components (such as Personal Consumption, Exports etc.) but rather by seasonally adjusting the unadjusted values of GDP and GNP as shown in Tables 1 - 3. On this account, and also because of the statistical discrepancy in the original series, the sum of the seasonally adjusted components of GDP and GNP do not add to the respective seasonally adjusted GDP and GNP series. As part of the seasonal adjustment process, ARIMA models are identified for each series based on unadjusted data spanning Q1 1997 to Q1 2016. These models are then applied to the entire series (Q1 1997 to Q1 2016). Seasonal factors and the parameters of the ARIMA models are updated each quarter.

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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