Central Statistics Office

Gaeilge

 Skip navigation

Extra information
Print this release Methodology Previous Releases
International comparison:
Quarterly National Accounts
See also:
YouTube Video
For more information on this release:
E-mail: nat_acc@cso.ie Gordon Cavanagh (+353) 1 498 4307 Andrew McManus (+353) 1 498 4368
For general information on CSO statistics:
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, 18 September 2014, 11am

Quarterly National Accounts

Quarter 2 2014

             GDP and GNP (seasonally adjusted) at constant (2012) prices
 Q2 2014         Q2 2014
    Amount €mQuarterly % change
GDP45,6111.5
GNP37,9830.6

GDP up 1.5 per cent on a seasonally adjusted basis in Q2 2014

Figure 1 Seasonally Adjusted growth rates(% change on previous quarter)

Preliminary estimates for the second quarter of 2014 indicate that GDP increased by 1.5 per cent in volume terms on a seasonally adjusted basis compared with the first quarter of 2014 while GNP increased by 0.6 per cent over the same period.

Value added changes in business sectors 

On the output side of the accounts (Table 4), Industry (including Building and construction) increased by 4.7 per cent in volume terms between Q1 2014 and Q2 2014. Distribution, transport, software and communication increased by 2.9% per cent in volume terms on a seasonally adjusted basis over the same period while Other Services declined by 0.8% and Public administration and defence decreased by 0.5 per cent.

Capital Investment and Net Exports increase

On the expenditure side of the accounts (Table 6), Capital Investment increased by 9.1 per cent while Net exports made a positive contribution of €723m (a 7.2% increase) in volume terms on a seasonally adjusted basis between Q1 2014 and Q2 2014. Government expenditure increased by 3.8 per cent quarter on quarter while Personal expenditure increased by 0.3 per cent.

 

Note that the Nace Rev. 2 classification system is now being used in tables 1 and 4. This replaces the national classification used in previous releases. See the notes at the back for further details.

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 2013

On the output side of the accounts gross value added in Agriculture, forestry and fishing increased by 13.9 percent while Distribution, transport, software and communication increased by 11.3 per cent in Q2 2014 compared with the same quarter of 2013. Industry (including Building and construction) increased by 6.5 per cent over this period, while Other services expanded by 2.7 per cent in Q2 2014.

 
On the expenditure side, Capital investment rose by 18.5 per cent. Government expenditure increased by 7.9 per cent and Personal expenditure by 1.8 per cent compared with Q2 2013. Net exports were €1,740m higher in the second quarter of 2014 compared with the corresponding quarter of 2013.

Factor income outflows were €152m higher in Q2 2014 compared with Q2 2013 resulting in the 7.7 per cent increase in GDP becoming a 9.0 per cent increase in GNP over the same period.

Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2012)*
(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
 
 
 
20084,32346,8586,34543,3797,85964,429 160,64920,197180,593-27,968150,912
20094,06741,8454,61340,7737,43563,030 153,28615,852169,088-30,394137,401
20103,97742,2853,40240,6926,98563,377 153,13815,512168,622-27,759139,679
20113,95443,3282,91640,5356,63264,007 158,25915,051173,297-33,662138,426
20123,79842,3062,74040,9586,46265,709 157,50615,249172,755-30,310141,229
20134,00841,7063,06538,8396,31967,274 156,83116,223173,054-26,107145,929
2008            
Q11,17412,5151,69013,9311,87115,904 41,8816,09847,847-6,86840,734
Q21,49412,5451,5749,5671,98315,935 40,6314,24544,882-7,18437,576
Q399011,4821,6169,8812,01516,341 39,4045,80845,079-7,97337,094
Q466610,3171,4649,9991,99016,249 38,7324,04742,785-7,21435,508
2009            
Q11,11311,5511,26510,0781,81715,633 38,8254,25843,054-7,47635,537
Q21,47511,3961,14610,0431,85615,619 39,4123,21642,676-8,06334,656
Q38469,6471,14010,4991,87315,902 37,4994,74942,168-8,19734,044
Q46339,2511,06210,1531,88915,877 37,5513,62941,189-8,10833,165
2010            
Q193211,3468299,9231,71715,565 38,1104,07842,170-7,96634,245
Q21,25610,9848409,8721,75015,734 38,8543,06841,948-7,79534,185
Q31,0119,88489210,5641,76215,890 38,1384,78842,884-6,95735,891
Q477910,07184210,3331,75616,188 38,0363,57841,620-6,19035,357
2011            
Q190411,13575510,0251,60715,367 38,0364,16442,187-8,27733,935
Q21,26511,35172610,0671,65416,056 40,7862,89943,700-8,75034,981
Q31,01310,35673410,1101,66916,188 39,4994,41043,894-8,58835,331
Q477210,48670010,3331,70116,396 39,9383,57843,517-9,39234,179
2012            
Q194811,3736309,8951,55015,964 38,4484,12842,567-8,79633,813
Q21,29311,9066569,4991,60416,100 39,5772,98542,583-7,89534,693
Q38889,77571010,7381,62816,698 38,9504,67943,607-7,80435,797
Q46699,25374410,8261,68016,947 40,5313,45643,998-7,03136,927
2013            
Q193711,2246689,0541,52616,423 38,3414,33842,679-6,94635,733
Q21,25511,1477239,2901,57416,400 39,2533,23142,484-7,86434,620
Q31,00510,08383410,1811,59216,998 39,5094,89144,400-6,81637,585
Q48109,25184010,3141,62717,453 39,7293,76343,491-5,50037,991
2014            
Q11,02410,65371910,0151,58217,060 39,6004,70644,306-7,48636,821
Q21,42911,86878810,3371,63316,843 42,1573,60545,763-8,01637,747
Percentage change on corresponding period of previous year 
2008-2.4-6.3-5.8-2.66.61.3 -1.3-12.9-2.6 -2.3
2009-5.9-10.7-27.3-6.0-5.4-2.2 -4.6-21.5-6.4 -9.0
2010-2.21.1-26.2-0.2-6.00.6 -0.1-2.1-0.3 1.7
2011-0.62.5-14.3-0.4-5.11.0 3.3-3.02.8 -0.9
2012-3.9-2.4-6.01.0-2.62.7 -0.51.3-0.3 2.0
20135.5-1.411.9-5.2-2.22.4 -0.46.40.2 3.3
2008            
Q1-3.4 -3.4 -2.2 24.47.22.4 3.5-9.0 1.8 3.8
Q2-7.3 0.5-2.0 -14.2 7.82.5 -1.1 -15.0 -2.5  -1.3
Q38.9-4.2 -4.5 -8.6 6.01.4 0.7-8.7 -0.5  -3.7
Q4-4.3 -17.9 -14.2 -12.3 5.6-0.8  -7.8 -21.4 -9.2  -8.0
2009            
Q1-5.2 -7.7 -25.2 -27.7 -2.9 -1.7  -7.3 -30.2 -10.0  -12.8
Q2-1.3 -9.2 -27.2 5.0-6.4 -2.0  -3.0 -24.2 -4.9  -7.8
Q3-14.6 -16.0 -29.5 6.2-7.0 -2.7  -4.8 -18.2 -6.5  -8.2
Q4-4.9 -10.3 -27.5 1.5-5.1 -2.3  -3.1 -10.3 -3.7  -6.6
2010            
Q1-16.3 -1.8 -34.5 -1.5 -5.5 -0.4  -1.8 -4.2 -2.1  -3.6
Q2-14.8 -3.6 -26.7 -1.7 -5.8 0.7 -1.4 -4.6 -1.7  -1.4
Q319.52.5-21.8 0.6-5.9 -0.1  1.70.81.7 5.4
Q423.08.9-20.7 1.8-7.0 2.0 1.3-1.4 1.0 6.6
2011            
Q1-3.0 -1.9 -8.9 1.0-6.4 -1.3  -0.2 2.10.0 -0.9
Q20.73.3-13.5 2.0-5.4 2.0 5.0-5.5 4.2 2.3
Q30.24.8-17.6 -4.3 -5.3 1.9 3.6-7.9 2.4 -1.6
Q4-0.8 4.1-16.8 -0.0 -3.2 1.3 5.00.04.6 -3.3
2012            
Q14.92.1-16.6 -1.3 -3.6 3.9 1.1-0.9 0.9 -0.4
Q22.24.9-9.6 -5.6 -3.1 0.3 -3.0 3.0-2.6  -0.8
Q3-12.3 -5.6 -3.3 6.2-2.5 3.1 -1.4 6.1-0.7  1.3
Q4-13.3 -11.8 6.24.8-1.2 3.4 1.5-3.4 1.1 8.0
2013            
Q1-1.1 -1.3 6.1-8.5 -1.6 2.9 -0.3 5.10.3 5.7
Q2-3.0 -6.4 10.1-2.2 -1.9 1.9 -0.8 8.2-0.2  -0.2
Q313.33.217.4-5.2 -2.2 1.8 1.44.51.8 5.0
Q421.1-0.0 13.0-4.7 -3.2 3.0 -2.0 8.9-1.2  2.9
2014            
Q19.3-5.1 7.710.63.73.9 3.38.53.8 3.0
Q213.96.59.111.33.72.7 7.411.67.7 9.0
*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 the rest of the worldGNP at current market prices
           
200894,71230,77545,221-330150,180-133,876189186,870-27,011159,859
200983,56529,65033,082-1,490146,363-121,555-1,501168,114-29,878138,236
201082,44726,43726,106-569157,811-129,0231,719164,928-27,520137,409
201182,96926,11124,841780167,086-132,3981,654171,042-33,410137,632
201282,46725,92226,923288182,506-147,0791,728172,755-31,526141,229
201383,33425,95626,541837184,056-147,6941,761174,791-27,286147,506
2008          
Q123,8067,54913,930-39036,630-33,6874847,886-6,27541,611
Q223,1077,62810,83552937,773-33,3324746,588-6,52440,064
Q323,2547,63511,093-2737,016-32,4574746,562-7,37139,191
Q424,5447,9619,363-44238,762-34,4004645,835-6,84138,994
2009          
Q121,0447,7809,295-56836,511-30,821-38342,859-7,09835,761
Q220,4297,2088,4491437,697-30,618-38242,797-7,61835,179
Q320,2137,2067,082-43035,783-28,083-37041,402-7,65733,745
Q421,8797,4558,256-50536,373-32,034-36741,056-7,50533,551
2010          
Q120,2196,6976,884-52737,011-29,63842841,074-7,53233,542
Q220,1366,4866,829-10640,218-32,28043541,717-7,49034,227
Q320,3146,4305,78735340,491-31,81543841,997-6,64935,348
Q421,7786,8256,607-28840,090-35,29041840,140-5,84934,291
2011          
Q120,3936,5136,665-31740,446-33,19939540,895-7,91732,978
Q220,3026,5056,47640342,433-33,03442143,504-8,28235,222
Q320,0756,5605,40459941,653-31,46341843,246-8,13135,115
Q422,1996,5346,2969542,555-34,70142043,398-9,08034,318
2012          
Q119,8956,6026,776-57744,488-36,28441341,312-8,68632,626
Q219,9066,4305,68454946,599-37,47542142,113-7,88234,231
Q320,3456,5115,69029045,712-35,56743443,414-7,88035,534
Q422,3226,3808,7732745,708-37,75345945,916-7,07838,838
2013          
Q120,0896,4316,61040943,687-35,36742642,285-6,71635,569
Q220,0376,4595,83024047,498-37,43643443,061-8,03535,026
Q320,6236,4756,23579845,882-35,77945044,684-6,93937,745
Q422,5866,5917,866-61046,988-39,11145144,761-5,59639,165
2014          
Q120,5486,3657,05247446,669-37,68944243,861-7,19436,667
Q220,7386,5487,03737753,122-41,94946746,340-7,72638,614
Percentage change on corresponding period of previous year
20081.75.2-16.8 -1.5-0.8 -5.0 -5.0 
2009-11.8-3.7-26.8 -2.5-9.2 -10.0 -13.5 
2010-1.3-10.8-21.1 7.86.1 -1.9 -0.6 
20110.6-1.2-4.8 5.92.6 3.7 0.2 
2012-0.6-0.78.4 9.211.1 1.0 2.6 
20131.10.1-1.4 0.80.4 1.2 4.4 
2008           
Q16.46.3-11.4 -0.72.5 -3.6 -1.7 
Q21.96.4-18.6 -1.91.0 -5.8 -4.7 
Q31.13.6-9.1 -1.6-1.4 -1.2 -4.3 
Q4-2.14.5-28.5 -1.7-5.0 -9.2 -9.2 
            
2009           
Q1-11.63.1-33.3 -0.3-8.5 -10.5 -14.1 
Q2-11.6-5.5-22.0 -0.2-8.1 -8.1 -12.2 
Q3-13.1-5.6-36.2 -3.3-13.5 -11.1 -13.9 
Q4-10.9-6.4-11.8 -6.2-6.9 -10.4 -14.0 
            
2010           
Q1-3.9-13.9-25.9 1.4-3.8 -4.2 -6.2 
Q2-1.4-10.0-19.2 6.75.4 -2.5 -2.7 
Q30.5-10.8-18.3 13.213.3 1.4 4.8 
Q4-0.5-8.5-20.0 10.210.2 -2.2 2.2 
            
2011           
Q10.9-2.7-3.2 9.312.0 -0.4 -1.7 
Q20.80.3-5.2 5.52.3 4.3 2.9 
Q3-1.22.0-6.6 2.9-1.1 3.0 -0.7 
Q41.9-4.3-4.7 6.1-1.7 8.1 0.1 
            
2012           
Q1-2.41.41.7 10.09.3 1.0 -1.1 
Q2-1.9-1.2-12.2 9.813.4 -3.2 -2.8 
Q31.3-0.75.3 9.713.0 0.4 1.2 
Q40.6-2.339.3 7.48.8 5.8 13.2 
            
2013           
Q11.0-2.6 -2.5  -1.8 -2.5 2.4 9.0 
Q20.70.52.6 1.9-0.1 2.3 2.3 
Q31.4-0.5 9.6 0.40.6 2.9 6.2
Q41.23.3-10.3  2.83.6 -2.5  0.8
2014
Q12.3-1.0 6.7 6.86.6 3.7 3.1
Q23.51.420.7 11.812.1 7.6 10.2
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2012)*
         €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 the rest of the worldGNP at constant market prices
200888,40430,21540,535-328162,128-147,917180,593-29,239150,912 
200983,64629,15132,225-1,471155,661-134,360169,088-31,844137,401 
201084,41327,06926,418-577165,266-138,414168,622-28,909139,679 
201183,43426,49025,650782174,329-137,572173,297-35,007138,426 
201282,46725,92226,923288182,506-147,079172,755-31,526141,229 
201381,79726,27326,275861184,565-148,031173,054-27,125145,929
2008         
Q122,3597,47712,248-59639,961-37,57447,847-6,86840,734 
Q221,5487,4859,69981841,443-36,99844,882-7,18437,576 
Q321,7117,44910,0378039,939-35,81445,079-7,97337,094 
Q422,7867,8038,551-63040,785-37,53142,785-7,21435,508 
2009         
Q120,7717,4678,833-57138,284-33,43843,054-7,47635,537 
Q220,4527,3398,1138039,795-33,71242,676-8,06334,656 
Q320,4307,0267,084-48638,276-31,30642,168-8,19734,044 
Q421,9937,3198,195-49439,305-35,90441,189-8,10833,165 
2010         
Q120,7896,8016,887-55338,957-32,17042,170-7,96634,245 
Q220,6706,8486,909-6741,708-34,66341,948-7,79534,185 
Q320,8476,5805,99534842,202-33,96142,884-6,95735,891 
Q422,1076,8396,626-30542,399-37,61941,620-6,19035,357 
2011         
Q120,6996,7626,875-36641,963-34,62042,187-8,27733,935 
Q220,4916,6806,65735844,635-34,57543,700-8,75034,981 
Q320,2286,5115,55763243,768-32,72443,894-8,58835,331 
Q422,0166,5376,56115843,963-35,65443,517-9,39234,179 
2012         
Q120,0346,6026,955-61244,923-36,60542,567-8,79633,813 
Q219,9866,4305,65653746,693-37,55742,583-7,89534,693 
Q320,4126,5115,60128945,290-35,27043,607-7,80435,797 
Q422,0356,3808,7127345,600-37,64843,998-7,03136,927 
2013         
Q119,8736,4476,67349943,912-35,54942,679-6,94635,733
Q219,7456,2975,76428747,384-37,40542,484-7,86434,620
Q320,2696,6996,11578745,952-35,77444,400-6,81637,585
Q421,9106,8307,723-71347,318-39,30343,491-5,50037,991
2014         
Q119,9916,6157,00749847,102-37,64144,306-7,48636,821
Q220,0996,7946,83136953,538-41,81945,763-8,01637,747
Percentage change on corresponding period of previous year 
20080.00.6-9.6 -0.9-2.6-2.6 -2.3 
2009-5.4-3.5-20.5 -4.0-9.2-6.4 -9.0 
20100.9-7.1-18.0 6.23.0-0.3 1.7 
2011-1.2-2.1-2.9 5.5-0.62.8 -0.9 
2012-1.2-2.15.0 4.76.9-0.3 2.0 
2013-0.81.4-2.4 1.10.60.2 3.3
2008         
Q13.61.5-4.7 1.20.81.8 3.8 
Q2-0.22.2-10.6 0.8-0.3-2.5 -1.3 
Q3-0.3-1.2-1.2 -0.7-2.8-0.5 -3.7 
Q4-2.7-0.2-22.2 -4.6-7.5-9.2 -8.0 
2009         
Q1-7.1-0.1-27.9 -4.2-11.0-10.0 -12.8 
Q2-5.1-1.9-16.4 -4.0-8.9-4.9 -7.8 
Q3-5.9-5.7-29.4 -4.2-12.6-6.5 -8.2 
Q4-3.5-6.2-4.2 -3.6-4.3-3.7 -6.6 
2010         
Q10.1-8.9-22.0 1.8-3.8-2.1 -3.6 
Q21.1-6.7-14.8 4.82.8-1.7 -1.4 
Q32.0-6.3-15.4 10.38.51.7 5.4 
Q40.5-6.6-19.1 7.94.81.0 6.6 
2011         
Q1-0.4-0.6-0.2 7.77.60.0 -0.9 
Q2-0.9-2.5-3.6 7.0-0.34.2 2.3 
Q3-3.0-1.1-7.3 3.7-3.62.4 -1.6 
Q4-0.4-4.4-1.0 3.7-5.24.6 -3.3 
2012         
Q1-3.2-2.41.2 7.15.70.9 -0.4 
Q2-2.5-3.8-15.0 4.68.6-2.6 -0.8 
Q30.9-0.00.8 3.57.8-0.7 1.3 
Q40.1-2.432.8 3.75.61.1 8.0 
2013         
Q1-0.8-2.3-4.1 -2.3-2.90.3 5.7
Q2-1.2-2.11.9 1.5-0.4-0.2 -0.2
Q3-0.72.99.2 1.51.41.8 5.0
Q4-0.67.0-11.4 3.84.4-1.2 2.9
2014         
Q10.62.65.0 7.35.93.8 3.0
Q21.87.918.5 13.011.87.7 9.0
*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 2012) - Seasonally Adjusted      
 €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 the rest of the worldGNP at constant market prices
2008           
Q11,09212,1491,72713,9761,95716,11241,4885,54047,195-6,95840,136 
Q21,08912,0941,6369,7631,98516,14540,3225,21145,293-6,93538,153 
Q31,09011,9521,5599,7471,97316,19340,0525,02644,992-7,96436,925 
Q41,01710,8141,4289,8931,94015,97938,8234,32643,078-7,41235,639 
             
2009            
Q11,06511,0991,29610,1571,89915,85238,8273,87542,808-7,41935,525 
Q21,10910,8151,19410,2461,86315,81838,7214,04742,792-7,94834,780 
Q391510,1441,09510,3021,83915,75437,9694,02641,890-8,11833,740 
Q49379,8771,03110,0371,83315,60037,6803,88441,525-8,39633,268 
             
2010            
Q191910,77786210,0311,79815,78338,1003,75341,905-7,98134,074 
Q292810,35187010,1081,75715,94438,3323,88342,210-7,53434,676 
Q31,05110,43885310,3201,73415,74438,4604,00642,477-6,90235,411 
Q41,04910,78181310,1841,69815,90238,1353,85541,922-6,52235,378 
             
2011            
Q192810,66979010,2311,67915,59438,7843,81842,623-8,06734,694 
Q295010,50775710,2921,66716,26539,6473,71043,428-8,65034,781 
Q31,03710,9137019,8351,64716,05339,7583,65643,347-8,53834,752 
Q41,02511,26767210,1521,63916,08839,8983,88443,811-9,79734,055 
             
2012            
Q198310,84967010,1141,62316,17038,9263,80042,737-8,74134,093 
Q298711,0386799,7581,61416,34538,9813,77642,707-7,53835,225 
Q390710,31667610,4251,60916,56939,0873,88343,016-7,81435,132 
Q491910,15171010,6031,61616,61940,4623,78944,236-7,45136,654 
             
2013            
Q197310,6627199,2721,59916,61338,6554,00042,749-6,96735,843 
Q295010,2457469,5681,58416,67738,9394,01942,810-7,38535,510 
Q31,02310,5837929,8741,57416,87039,5494,08243,756-6,84836,858 
Q41,06110,24379910,0781,56217,11039,6944,13443,700-5,92937,608 
2014            
Q11,07010,25677210,3181,65517,25840,4574,32344,920-7,33437,752 
Q21,11210,74182010,6131,64717,12341,2894,46345,611-7,68737,983 
Percentage change on previous quarter 
2008           
Q10.3-5.2 3.924.16.00.1-0.8 0.4-0.1  3.9
Q2-0.3 -0.5 -5.3 -30.1 1.40.2-2.8 -5.9 -4.0  -4.9
Q30.1-1.2 -4.7 -0.2 -0.6 0.3-0.7 -3.5 -0.7  -3.2
Q4-6.6 -9.5 -8.4 1.5-1.6 -1.3 -3.1 -13.9 -4.3  -3.5
            
2009           
Q14.72.6-9.2 2.7-2.1 -0.8 0.0-10.4 -0.6  -0.3
Q24.1-2.6 -7.9 0.9-1.9 -0.2 -0.3 4.4-0.0  -2.1
Q3-17.5 -6.2 -8.4 0.5-1.3 -0.4 -1.9 -0.5 -2.1  -3.0
Q42.5-2.6 -5.8 -2.6 -0.3 -1.0 -0.8 -3.5 -0.9  -1.4
            
2010           
Q1-2.0 9.1-16.4 -0.1 -1.9 1.21.1-3.4 0.9 2.4
Q21.1-4.0 0.90.8-2.3 1.00.63.50.7 1.8
Q313.20.8-1.9 2.1-1.3 -1.3 0.33.20.6 2.1
Q4-0.2 3.3-4.8 -1.3 -2.1 1.0-0.8 -3.8 -1.3  -0.1
            
2011           
Q1-11.5 -1.0 -2.8 0.5-1.1 -1.9 1.7-1.0 1.7 -1.9
Q22.4-1.5 -4.1 0.6-0.7 4.32.2-2.8 1.9 0.3
Q39.13.9-7.4 -4.4 -1.2 -1.3 0.3-1.5 -0.2  -0.1
Q4-1.1 3.2-4.1 3.2-0.5 0.20.46.21.1 -2.0
            
2012           
Q1-4.1 -3.7 -0.2 -0.4 -1.0 0.5-2.4 -2.1 -2.5  0.1
Q20.41.71.3-3.5 -0.5 1.10.1-0.6 -0.1  3.3
Q3-8.2 -6.5 -0.5 6.8-0.3 1.40.32.80.7 -0.3
Q41.4-1.6 5.01.70.40.33.5-2.4 2.8 4.3
            
2013           
Q15.85.01.2-12.6 -1.0 -0.0 -4.5 5.6-3.4  -2.2
Q2-2.3 -3.9 3.83.2-1.0 0.40.70.50.1 -0.9
Q37.73.36.23.2-0.6 1.21.61.52.2 3.8
Q43.7-3.2 0.82.1-0.8 1.40.41.3-0.1  2.0
2014
Q10.90.1-3.3 2.46.00.91.94.62.8 0.4
Q23.94.76.22.9-0.5 -0.8 2.13.31.5 0.6
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 the rest of the wrorldGNP at current market prices
          
2008         
Q123,9217,56812,961-32237,481-34,17947,903-6,37241,518
Q223,6887,71111,17021137,124-33,32946,756-6,24740,519
Q323,8117,70512,04615537,398-33,67846,941-7,48739,402
Q423,2577,7989,038-40938,291-32,64045,232-6,92838,350
2009         
Q121,2657,7948,704-39837,356-31,36343,325-7,01836,355
Q220,9207,2738,637-28636,905-30,59242,673-7,53435,144
Q320,6737,2787,777-43536,050-29,31641,498-7,64633,678
Q420,6567,3177,891-38636,151-30,27240,563-7,71432,981
2010         
Q120,4636,6896,420-33637,839-30,29441,508-7,58033,985
Q220,6966,5557,021-34039,277-32,10541,777-7,22634,600
Q320,7506,4736,41820440,677-33,05441,911-6,60335,034
Q420,4726,7296,222-9040,086-33,56739,678-6,13833,662
2011         
Q120,8456,5136,347-9741,456-33,91242,000-7,68834,425
Q220,7866,5616,60117641,173-32,75043,048-8,24734,862
Q320,4716,5695,99536141,766-32,67742,967-8,04434,607
Q420,7936,4805,85136942,716-33,08542,948-9,47233,602
2012         
Q120,3346,5936,418-44345,577-37,12942,074-8,70333,501
Q220,4916,4825,91940045,156-36,98542,135-7,50834,708
Q320,7186,5046,2971145,814-36,75143,032-7,83234,902
Q420,8426,3388,05535545,948-36,23045,422-7,49337,900
2013         
Q120,5636,4486,25346644,907-36,31142,925-6,86036,278
Q220,6896,4846,18913345,878-36,80943,339-7,50235,964
Q320,9736,4776,85251546,000-36,91144,213-6,89837,023
Q421,0476,5327,156-24147,223-37,67344,258-6,02138,093
2014         
Q121,1786,4316,79850248,145-38,63545,084-7,10338,308
Q221,3266,5307,43425951,251-41,28646,144-7,41638,853
Percentage change on previous quarter      
2008         
Q10.31.41.6 -3.2 -1.1 -3.7 -1.6
Q2-1.0 1.9-13.8  -1.0 -2.5 -2.4 -2.4
Q30.5-0.1 7.8 0.71.00.4-2.8
Q4-2.3 1.2-25.0  2.4-3.1 -3.6 -2.7
          
2009         
Q1-8.6 -0.1 -3.7  -2.4 -3.9 -4.2 -5.2
Q2-1.6 -6.7 -0.8  -1.2 -2.5 -1.5 -3.3
Q3-1.2 0.1-10.0  -2.3 -4.2 -2.8 -4.2
Q4-0.1 0.51.5 0.33.3-2.3 -2.1
          
2010         
Q1-0.9 -8.6 -18.6  4.70.12.3 3.0
Q21.1-2.0 9.4 3.86.00.6 1.8
Q30.3-1.3 -8.6  3.63.00.3 1.3
Q4-1.3 3.9-3.0  -1.5 1.6-5.3 -3.9
          
2011         
Q11.8-3.2 2.0 3.41.05.9 2.3
Q2-0.3 0.74.0 -0.7 -3.4 2.5 1.3
Q3-1.5 0.1-9.2  1.4-0.2 -0.2 -0.7
Q41.6-1.3 -2.4  2.31.2-0.0 -2.9
          
2012         
Q1-2.2 1.79.7 6.712.2-2.0 -0.3
Q20.8-1.7 -7.8  -0.9 -0.4 0.1 3.6
Q31.10.36.4 1.5-0.6 2.1 0.6
Q40.6-2.6 27.9 0.3-1.4 5.6 8.6
          
2013         
Q1-1.3 1.7-22.4  -2.3 0.2-5.5  -4.3
Q20.60.6-1.0  2.21.41.0 -0.9
Q31.4-0.1 10.7 0.30.32.0 2.9
Q40.40.94.4 2.72.10.1 2.9
2014
Q10.6-1.6 -5.0  2.02.61.9 0.6
Q20.71.59.4 6.46.92.4 1.4
Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2012) - 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 the rest of the worldGNP at constant market prices
          
2008         
Q122,4117,56311,386-52940,983-38,16147,195-6,95840,136
Q222,0407,5579,91435140,783-37,01945,293-6,93538,153
Q322,1337,53310,81039640,329-37,09844,992-7,96436,925
Q421,7717,5798,391-59240,120-35,60843,078-7,41235,639
         
2009        
Q120,9347,5378,229-39239,380-34,10742,808-7,41935,525
Q220,9187,3738,261-32638,960-33,63742,792-7,94834,780
Q320,8287,1377,715-41838,551-32,60341,890-8,11833,740
Q420,9037,1317,957-35538,850-34,03241,525-8,39633,268
          
2010         
Q120,9906,8546,413-37139,986-32,91541,905-7,98134,074
Q221,2026,8587,058-35140,813-34,41942,210-7,53434,676
Q321,2156,6736,61023342,406-35,27242,477-6,90235,411
Q420,9316,7166,309-8742,126-35,84741,922-6,52235,378
          
2011         
Q121,0986,7606,473-15443,240-35,43742,623-8,06734,694
Q220,9456,7326,82910243,374-34,12243,428-8,65034,781
Q320,5576,5526,13341443,908-34,05143,347-8,53834,752
Q420,7646,4616,14844543,851-34,02643,811-9,79734,055
          
2012         
Q120,4416,5886,562-50346,132-37,46842,737-8,74134,093
Q220,5416,5125,89338645,377-36,91342,707-7,53835,225
Q320,7136,4946,1723145,438-36,60643,016-7,81435,132
Q420,7126,3188,04840545,570-36,14444,236-7,45136,654
          
2013         
Q120,3136,4506,30852345,161-36,45042,749-6,96735,843
Q220,3626,4016,11319245,952-36,62042,810-7,38535,510
Q320,5416,6466,68352346,123-37,09443,756-6,84836,858
Q420,5416,7407,080-33847,319-37,90243,700-5,92937,608
2014         
Q120,5736,6576,67549748,644-38,55144,920-7,33437,752
Q220,6356,9107,28325251,774-40,95845,611-7,68737,983
Percentage change on previous quarter       
2008         
Q1-0.3 -0.3 4.5 -2.1 -1.4 -0.1  3.9
Q2-1.7 -0.1 -12.9  -0.5 -3.0 -4.0  -4.9
Q30.4-0.3 9.0 -1.1 0.2-0.7  -3.2
Q4-1.6 0.6-22.4  -0.5 -4.0 -4.3  -3.5
          
2009         
Q1-3.8 -0.6 -1.9  -1.8 -4.2 -0.6  -0.3
Q2-0.1 -2.2 0.4 -1.1 -1.4 -0.0  -2.1
Q3-0.4 -3.2 -6.6  -1.0 -3.1 -2.1  -3.0
Q40.4-0.1 3.1 0.84.4-0.9  -1.4
          
2010         
Q10.4-3.9 -19.4  2.9-3.3 0.9 2.4
Q21.00.110.1 2.14.60.7 1.8
Q30.1-2.7 -6.3  3.92.50.6 2.1
Q4-1.3 0.6-4.6  -0.7 1.6-1.3  -0.1
          
2011         
Q10.80.72.6 2.6-1.1 1.7 -1.9
Q2-0.7 -0.4 5.5 0.3-3.7 1.9 0.3
Q3-1.9 -2.7 -10.2  1.2-0.2 -0.2  -0.1
Q41.0-1.4 0.2 -0.1 -0.1 1.1 -2.0
          
2012         
Q1-1.6 2.06.7 5.210.1-2.5  0.1
Q20.5-1.2 -10.2  -1.6 -1.5 -0.1  3.3
Q30.8-0.3 4.7 0.1-0.8 0.7 -0.3
Q4-0.0 -2.7 30.4 0.3-1.3 2.8 4.3
          
2013         
Q1-1.9 2.1-21.6  -0.9 0.8-3.4  -2.2
Q20.2-0.8 -3.1  1.80.50.1 -0.9
Q30.93.89.3 0.41.32.2 3.8
Q40.01.45.9 2.62.2-0.1  2.0
2014
Q10.2-1.2 -5.7  2.81.72.8 0.4
Q20.33.89.1 6.46.21.5 0.6
Annex 1a - Trade Summary: Quarterly Breakdown of trade into goods/services at current and constant prices
   Trade at Current Prices   Trade at Constant Prices€ million
          Exports           Imports           Exports           Imports  
             
 TotalGoods Services TotalGoods Services TotalGoods Services TotalGoods Services
             
2008            
Q136,63021,74914,88133,68715,44618,24139,96123,30516,65737,57417,30620,268
Q237,77322,17815,59533,33214,47918,85341,44324,26517,17836,99816,26420,735
Q337,01621,55315,46332,45713,85718,60039,93922,97616,96235,81415,47020,344
Q438,76222,92515,83734,40013,44520,95540,78523,35917,42637,53114,68222,849
 150,18088,40561,775133,87657,22776,649162,12893,90568,223147,91763,72284,195
2009            
Q136,51121,93214,57930,82112,24518,57638,28422,55715,72733,43813,75719,681
Q237,69722,10415,59330,61811,38919,22939,79522,99716,79833,71213,31020,402
Q335,78320,48615,29728,08310,46817,61538,27621,67016,60631,30612,44018,866
Q436,37320,51815,85532,03411,07620,95839,30521,99417,31135,90413,28322,621
 146,36385,04061,323121,55545,17876,377155,66189,21866,442134,36052,79081,570
2010            
Q137,01121,46215,54929,63811,16618,47238,95722,42016,53732,17012,76719,404
Q240,21823,19717,02132,28011,82520,45541,70823,67918,02834,66313,30321,361
Q340,49123,38917,10231,81511,50920,30642,20224,09818,10433,96112,70321,257
Q440,09021,68518,40535,29012,35622,93442,39922,93319,46637,61913,45724,161
 157,81189,73368,078129,02346,85682,167165,26693,13172,135138,41452,23086,183
2011            
Q140,44622,88417,56233,19912,71220,48741,96323,95218,01134,62013,48421,135
Q242,43323,18319,25033,03412,25220,78244,63524,55720,07834,57513,15821,416
Q341,65323,02918,62431,46311,17520,28843,76824,29819,47032,72411,75220,972
Q442,55522,55120,00434,70112,18722,51443,96323,16920,79435,65412,59623,058
 167,08691,64775,439132,39848,32684,072174,32995,97678,353137,57250,99186,582
2012            
Q144,48824,56519,92336,28414,63021,65444,92324,81720,10636,60514,74221,863
Q246,59924,72521,87437,47513,11924,35646,69324,83721,85537,55713,17524,383
Q345,71224,43521,27735,56713,37922,18845,29024,10921,18135,27013,21722,053
Q445,70823,25122,45737,75313,44324,31045,60023,21222,38837,64813,43824,210
 182,50696,97685,530147,07954,57192,508182,50696,97685,530147,07954,57192,508
2013            
Q143,68722,46721,22035,36713,79621,57143,91222,76721,14535,54914,04421,506 
Q247,49824,09223,40637,43613,79823,63847,38424,21023,17437,40514,00823,397
Q345,88223,17222,71035,77913,58922,19045,95223,47722,47535,77413,78821,986
Q446,98822,03224,95639,11114,39724,71447,31822,55524,76339,30314,76824,535
 184,05691,76392,293147,69455,58092,114184,56593,01091,556148,03156,60891,423
2014            
Q146,66924,32022,34937,68914,17423,51547,10225,10321,99937,64114,21923,422
Q253,12227,19625,92641,94915,01726,93253,53828,06425,47441,81915,16026,660
% growth rate year on year        
2008            
Q1-0.7-4.65.52.5-8.113.51.20.91.50.8-10.112.3
Q2-1.9-5.94.41.0-6.37.40.81.20.2-0.3-7.76.4
Q3-1.6-3.51.3-1.4-7.53.7-0.70.2-2.0-2.8-9.02.5
Q4-1.7-5.34.0-5.0-21.19.3-4.6-8.00.4-7.5-24.27.8
             
2009            
Q1-0.30.8-2.0-8.5-20.71.8-4.2-3.2-5.6-11.0-20.5-2.9
Q2-0.2-0.3-0.0-8.1-21.32.0-4.0-5.2-2.2-8.9-18.2-1.6
Q3-3.3-5.0-1.1-13.5-24.5-5.3-4.2-5.7-2.1-12.6-19.6-7.3
Q4-6.2-10.50.1-6.9-17.60.0-3.6-5.8-0.7-4.3-9.5-1.0
             
2010            
Q11.4-2.16.7-3.8-8.8-0.61.8-0.65.2-3.8-7.2-1.4
Q26.74.99.25.43.86.44.83.07.32.8-0.14.7
Q313.214.211.813.39.915.310.311.29.08.52.112.7
Q410.25.716.110.211.69.47.94.312.44.81.36.8
             
2011            
Q19.36.612.912.013.810.97.76.88.97.65.68.9
Q25.5-0.113.12.33.61.67.03.711.4-0.3-1.10.3
Q32.9-1.58.9-1.1-2.9-0.13.70.87.5-3.6-7.5-1.3
Q46.14.08.7-1.7-1.4-1.83.71.06.8-5.2-6.4-4.6
             
2012            
Q110.07.313.49.315.15.77.13.611.65.79.33.4
Q29.86.713.613.47.117.24.61.18.98.60.113.9
Q39.76.114.213.019.79.43.5-0.88.87.812.55.2
Q47.43.112.38.810.38.03.70.27.75.66.75.0
             
2013            
Q1-1.8-8.56.5-2.5-5.7-0.4-2.3-8.35.2-2.9-4.7-1.6
Q21.9-2.67.0-0.15.2-2.91.5-2.56.0-0.46.3-4.0
Q30.4-5.26.70.61.60.01.5-2.66.11.44.3-0.3
Q42.8-5.211.13.67.11.73.8-2.810.64.49.91.3
2014
Q16.88.25.36.62.79.07.310.34.05.91.38.9
Q211.812.910.812.18.813.913.015.99.911.88.213.9
Seasonally Adjusted (SA) Annex 1 - Trade Summary: Quarterly Breakdown of trade into goods/services at SA current and SA constant prices
  Trade at Current Prices  Trade at Constant Prices € million
         Exports         Imports          Exports          Imports
             
 TotalGoods Services TotalGoods Services TotalGoods Services TotalGoods Services
2008            
Q137,48122,06715,29934,17915,24319,02940,98323,65817,18338,16117,12321,145
Q237,12421,76115,31733,32914,52318,74340,78323,77216,93837,01916,30920,643
Q337,39821,89015,47433,67814,54019,00740,32923,27816,97337,09816,22420,854
Q438,29122,80815,64832,64013,01919,83440,12023,32017,07135,60814,18121,512
 150,29488,52761,737133,82657,32476,613162,21494,02968,165147,88663,83784,154
             
2009            
Q137,35622,14115,11031,36312,04619,36939,38022,81016,40434,10713,62220,563
Q236,90521,67615,20930,59211,39419,04038,96022,48516,44733,63713,26220,226
Q336,05020,66815,39229,31610,92818,13138,55121,81816,68432,60312,98719,473
Q436,15120,65915,56230,27210,85019,79438,85022,21516,84934,03212,98321,230
 146,46285,14361,273121,54345,21876,335155,74089,32766,383134,37952,85481,493
             
2010            
Q137,83921,60116,12630,29410,99919,26539,98622,61717,26832,91512,63020,289
Q239,27722,67916,59832,10511,71920,16340,81323,10017,64434,41913,15021,095
Q340,67723,45417,30233,05411,98620,98042,40624,11118,26935,27213,24722,013
Q440,08622,10017,99333,56712,20921,69542,12623,40618,91235,84713,26222,717
 157,88089,83468,019129,02046,91382,102165,33093,23372,092138,45252,28986,115
             
2011            
Q141,45622,96618,34833,91212,45721,42043,24024,11918,94735,43713,31722,176
Q241,17322,59818,62432,75012,14620,31343,37423,87619,47334,12212,94920,949
Q341,76622,96118,93632,67711,59821,04543,90824,18919,75234,05112,24721,794
Q442,71623,23719,45933,08512,11921,34043,85123,89020,13334,02612,48821,746
 167,11191,76175,367132,42448,32184,118174,37396,07478,304137,63651,00086,666
             
2012            
Q145,57724,63620,76837,12914,42022,68246,13224,98121,05737,46814,54422,937
Q245,15623,98321,21436,98512,90623,65345,37724,00521,22036,91312,92423,722
Q345,81424,28621,68236,75113,85223,04245,43823,94121,57036,60613,78522,932
Q445,94824,15221,80336,23013,39023,14345,57024,12821,64936,14413,33122,972
 182,49597,05785,466147,09654,56892,520182,51797,05685,496147,13154,58392,563
             
2013            
Q144,90722,52322,15736,31113,66922,61945,16122,93922,13836,45013,86522,538
Q245,87823,27022,68636,80913,53722,81545,95223,22422,47936,62013,73422,635
Q346,00023,01923,17736,91114,01423,08646,12323,31222,95037,09414,36922,901
Q447,22322,95924,21937,67314,34923,58347,31923,56923,95537,90214,65423,365
 184,00991,77192,239147,70455,56892,104184,55593,04491,522148,06656,62291,439
2014            
Q148,14524,40823,48738,63514,01024,70448,64425,31823,17938,55114,01624,596 
Q251,25126,18125,04141,28614,81525,87451,77426,94624,59740,95814,90525,634 
% growth rate quarter on quarter        
             
2008            
Q1-3.2 -7.3 1.2-1.1 -6.8 4.4-2.1 -5.7 0.6-1.4 -7.7 5.4
Q2-1.0 -1.4 0.1-2.5 -4.7 -1.5 -0.5 0.5-1.4 -3.0 -4.8 -2.4
Q30.70.61.01.00.11.4-1.1 -2.1 0.20.2-0.5 1.0
Q42.44.21.1-3.1 -10.5 4.4-0.5 0.20.6-4.0 -12.6 3.2
             
2009            
Q1-2.4 -2.9 -3.4 -3.9 -7.5 -2.3 -1.8 -2.2 -3.9 -4.2 -3.9 -4.4
Q2-1.2 -2.1 0.7-2.5 -5.4 -1.7 -1.1 -1.4 0.3-1.4 -2.6 -1.6
Q3-2.3 -4.6 1.2-4.2 -4.1 -4.8 -1.0 -3.0 1.4-3.1 -2.1 -3.7
Q40.3-0.0 1.13.3-0.7 9.20.81.81.04.4-0.0 9.0
             
2010            
Q14.74.63.60.11.4-2.7 2.91.82.5-3.3 -2.7 -4.4
Q23.85.02.96.06.54.72.12.12.24.64.14.0
Q33.63.44.23.02.34.13.94.43.52.50.74.4 
Q4-1.5 -5.8 4.01.61.93.4-0.7 -2.9 3.51.60.13.2 
              
2011             
Q13.43.92.01.02.0-1.3 2.63.00.2-1.1 0.4-2.4
Q2-0.7 -1.6 1.5-3.4 -2.5 -5.2 0.3-1.0 2.8-3.7 -2.8 -5.5
Q31.41.61.7-0.2 -4.5 3.61.21.31.4-0.2 -5.4 4.0
Q42.31.22.81.24.51.4-0.1 -1.2 1.9-0.1 2.0-0.2
             
2012            
Q16.76.06.712.219.06.35.24.64.610.116.55.5
Q2-0.9 -2.7 2.1-0.4 -10.5 4.3-1.6 -3.9 0.8-1.5 -11.1 3.4
Q31.51.32.2-0.6 7.3-2.6 0.1-0.3 1.6-0.8 6.7-3.3
Q40.3-0.6 0.6-1.4 -3.3 0.40.30.80.4-1.3 -3.3 0.2
             
2013            
Q1-2.3 -6.7 1.60.22.1-2.3 -0.9 -4.9 2.30.84.0-1.9
Q22.23.32.41.4-1.0 0.91.81.21.50.5-0.9 0.4
Q30.3-1.1 2.20.33.51.20.40.42.11.34.61.2
Q42.7-0.3 4.52.12.42.22.61.14.42.22.02.0
 
2014  
Q12.06.3-3.0 2.6-2.4 4.82.87.4-3.2 1.7-4.4 5.3
Q26.47.36.66.95.74.76.46.46.16.26.34.2
Annex 2 Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost -
(Chain linked annually and referenced to year 2012) Non-Seasonally Adjusted and Seasonally Adjusted and Seasonally Adjusted
        
 NON-SEASONALLY ADJUSTED SEASONALLY ADJUSTED
        
  of whichof which  of whichof which
PeriodIndustryTransportable Goods Industries and Utilities Building and Construct. Industry Transportable Goods Industries and UtilitiesBuilding and construct.
2008       
Q112,51510,6011,690 12,14910,1571,727
Q212,54510,9401,574 12,09410,2881,636
Q311,4829,5571,616 11,95210,2601,559
Q410,3178,5571,464 10,8149,0391,428
2009       
Q111,55110,3621,265 11,0999,9061,296
Q211,39610,4241,146 10,8159,6791,194
Q39,6478,4911,140 10,1449,1391,095
Q49,2518,2041,062 9,8778,8471,031
2010       
Q111,34610,54282910,7779,934862
Q210,98410,17284010,3519,467870
Q39,8849,03189210,4389,644853
Q410,0719,26284210,78110,021813
2011       
Q111,13510,386755 10,6699,898790
Q211,35110,624726 10,5079,699757
Q310,3569,633734 10,91310,236701
Q410,4869,790700 11,26710,647672
2012       
Q111,37310,723630 10,84910,109670
Q211,90611,228656 11,03810,358679
Q39,7759,080710 10,3169,665676
Q49,2538,536744 10,1519,448710
2013       
Q111,22410,556668 10,6629,937719
Q211,14710,424723 10,2459,514746
Q310,0839,250834 10,5839,830792
Q49,2518,411840 10,2439,375799
2014       
Q110,6539,934719 10,2569,475772
Q211,86811,080788 10,7419,973820
Percentage change on corresponding period of previous year Percentage change on previous quarter
2008       
Q1-3.4-3.9-2.2 -5.2-7.13.9
Q20.51.0-2.0 -0.51.3-5.3
Q3-4.2-3.7-4.5 -1.2-0.3-4.7
Q4-17.9-19.4-14.2 -9.5-11.9-8.4
2009       
Q1-7.7-2.3-25.2 2.69.6-9.2
Q2-9.2-4.7-27.2 -2.6-2.3-7.9
Q3-16.0-11.2-29.5 -6.2-5.6-8.4
Q4-10.3-4.1-27.5 -2.6-3.2-5.8
2010       
Q1-1.81.7-34.5 9.112.3-16.4
Q2-3.6-2.4-26.7 -4.0-4.70.9
Q32.56.4-21.8 0.81.9-1.9
Q48.912.9-20.7 3.33.9-4.8
2011       
Q1-1.9-1.5-8.9 -1.0-1.2-2.8
Q23.34.4-13.5 -1.5-2.0-4.1
Q34.86.7-17.6 3.95.5-7.4
Q44.15.7-16.8 3.24.0-4.1
2012       
Q12.13.2-16.6 -3.7-5.1-0.2
Q24.95.7-9.6 1.72.51.3
Q3-5.6-5.7-3.3 -6.5-6.7-0.5
Q4-11.8-12.86.2 -1.6-2.25.0
2013       
Q1-1.3-1.66.1 5.05.21.2
Q2-6.4-7.210.1 -3.9-4.33.8
Q33.21.917.4 3.33.36.2
Q4-0.0-1.513.0 -3.2-4.60.8
2014
Q1-5.1-5.97.7 0.11.1-3.3
Q26.56.39.1 4.75.36.2
Annex 3A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2012) -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
200894,71230,77545,221170,707-330170,377 88,40430,21540,535159,643-328159,194
200983,56529,65033,082146,297-1,490144,807 83,64629,15132,225145,191-1,471143,689
201082,44726,43726,106134,990-569134,421 84,41327,06926,418137,934-577137,340
201182,96926,11124,841133,921780134,701 83,43426,49025,650135,604782136,390
201282,46725,92226,923135,312288135,600 82,46725,92226,923135,312288135,600
201383,33425,95626,541135,831837136,668 81,79726,27326,275134,345861135,206
2008             
Q123,8067,54913,93045,285-39044,895 22,3597,47712,24842,416-59641,985
Q223,1077,62810,83541,57152942,099 21,5487,4859,69938,82181839,263
Q323,2547,63511,09341,982-2741,955 21,7117,44910,03739,3688039,356
Q424,5447,9619,36341,869-44241,427 22,7867,8038,55139,037-63038,590
 94,71230,77545,221170,707-330170,377 88,40430,21540,535159,643-328159,194
2009             
Q121,0447,7809,29538,120-56837,550 20,7717,4678,83337,312-57136,746
Q220,4297,2088,44936,0871436,101 20,4527,3398,11335,7058035,748
Q320,2137,2067,08234,501-43034,071 20,4307,0267,08434,608-48634,124
Q421,8797,4558,25637,590-50537,084 21,9937,3198,19537,566-49437,071
 83,56529,65033,082146,297-1,490144,807 83,64629,15132,225145,191-1,471143,689
2010             
Q120,2196,6976,88433,800-52733,272 20,7896,8016,88734,551-55333,997
Q220,1366,4866,82933,450-10633,344 20,6706,8486,90934,237-6734,165
Q320,3146,4305,78732,53035332,883 20,8476,5805,99533,42334833,763
Q421,7786,8256,60735,210-28834,922 22,1076,8396,62635,723-30535,415
 82,44726,43726,106134,990-569134,421 84,41327,06926,418137,934-577137,340
2011             
Q120,3936,5136,66533,570-31733,253 20,6996,7626,87534,194-36633,816
Q220,3026,5056,47633,28240333,685 20,4916,6806,65733,75835834,121
Q320,0756,5605,40432,03959932,638 20,2286,5115,55732,44063233,082
Q422,1996,5346,29635,0299535,124 22,0166,5376,56135,21215835,370
 82,96926,11124,841133,921780134,701 83,43426,49025,650135,604782136,390
2012             
Q119,8956,6026,77633,272-57732,695 20,0346,6026,95533,583-61232,962
Q219,9066,4305,68432,02054932,568 19,9866,4305,65632,08853732,631
Q320,3456,5115,69032,54629032,835 20,4126,5115,60132,54428932,836
Q422,3226,3808,77337,4752737,502 22,0356,3808,71237,0987337,172
 82,46725,92226,923135,312288135,600 82,46725,92226,923135,312288135,600
2013             
Q120,0896,4316,61033,13040933,539 19,8736,4476,67332,99349933,493
Q220,0376,4595,83032,32624032,565 19,7456,2975,76431,80628732,093
Q320,6236,4756,23533,33379834,131 20,2696,6996,11533,08378733,870
Q422,5866,5917,86637,043-61036,433 21,9106,8307,72336,462-71335,750
 83,33425,95626,541135,831837136,668 81,79726,27326,275134,345861135,206
2014             
Q120,5486,3657,05233,96547434,439 19,9916,6157,00733,61449834,112
Q220,7386,5487,03734,32337734,700 20,0996,7946,83133,72436934,092
Percentage change on corresponding period of previous year    Percentage change on corresponding period of previous year  
2008             
Q16.46.3-11.40.2 -0.8 3.61.5-4.70.3 -0.6
Q21.96.4-18.6-3.7 -3.3 -0.22.2-10.6-3.0 -2.7
Q31.13.6-9.1-1.4 -0.3 -0.3-1.2-1.2-0.6 0.8
Q4-2.14.5-28.5-8.5 -11.6 -2.7-0.2-22.2-7.9 -11.0
              
2009             
Q1-11.63.1-33.3-15.8 -16.4 -7.1-0.1-27.9-12.0 -12.5
Q2-11.6-5.5-22.0-13.2 -14.2 -5.1-1.9-16.4-8.0 -9.0
Q3-13.1-5.6-36.2-17.8 -18.8 -5.9-5.7-29.4-12.1 -13.3
Q4-10.9-6.4-11.8-10.2 -10.5 -3.5-6.2-4.2-3.8 -3.9
              
2010             
Q1-3.9-13.9-25.9-11.3 -11.4 0.1-8.9-22.0-7.4 -7.5
Q2-1.4-10.0-19.2-7.3 -7.6 1.1-6.7-14.8-4.1 -4.4
Q30.5-10.8-18.3-5.7 -3.5 2.0-6.3-15.4-3.4 -1.1
Q4-0.5-8.5-20.0-6.3 -5.8 0.5-6.6-19.1-4.9 -4.5
              
2011             
Q10.9-2.7-3.2-0.7 -0.1 -0.4-0.6-0.2-1.0 -0.5
Q20.80.3-5.2-0.5 1.0 -0.9-2.5-3.6-1.4 -0.1
Q3-1.22.0-6.6-1.5 -0.7 -3.0-1.1-7.3-2.9 -2.0
Q41.9-4.3-4.7-0.5 0.6 -0.4-4.4-1.0-1.4 -0.1
              
2012             
Q1-2.41.41.7-0.9 -1.7 -3.2-2.41.2-1.8 -2.5
Q2-1.9-1.2-12.2-3.8 -3.3 -2.5-3.8-15.0-4.9 -4.4
Q31.3-0.75.31.6 0.6 0.9-0.00.80.3 -0.7
Q40.6-2.339.37.0 6.8 0.1-2.432.85.4 5.1
              
2013             
Q11.0-2.6-2.5-0.4 2.6 -0.8-2.3-4.1-1.8 1.6
Q20.70.52.61.0 -0.0 -1.2-2.11.9-0.9 -1.6
Q31.4-0.59.62.4 3.9 -0.72.99.21.7 3.2
Q41.23.3-10.3-1.2 -2.8 -0.67.0-11.4-1.7 -3.8
2014
Q12.3-1.06.72.5 2.7 0.62.65.01.9 1.8
Q23.51.420.76.2 6.6 1.87.918.56.0 6.2
Annex 3B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2012) -Seasonally Adjusted   
            € million
 CURRENT MARKET PRICES CONSTANT MARKET PRICES
              
PeriodPersonal comsumption 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 Personal comsumption 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
              
2008             
Q123,9217,56812,96144,855-32244,724 22,4117,56311,38641,737-52941,552
Q223,6887,71111,17042,48821142,956 22,0407,5579,91439,76335140,053
Q323,8117,70512,04643,20315543,675 22,1337,53310,81040,51039640,859
Q423,2577,7989,03840,116-40939,113 21,7717,5798,39137,599-59236,782
2009             
Q121,2657,7948,70437,994-39837,713 20,9347,5378,22936,944-39236,683
Q220,9207,2738,63736,813-28636,765 20,9187,3738,26136,459-32636,346
Q320,6737,2787,77735,569-43535,347 20,8287,1377,71535,668-41835,314
Q420,6567,3177,89135,775-38634,928 20,9037,1317,95735,973-35535,254
2010             
Q120,4636,6896,42033,766-33633,496 20,9906,8546,41334,268-37133,982
Q220,6966,5557,02134,241-34034,064 21,2026,8587,05835,089-35134,879
Q320,7506,4736,41833,59920433,996 21,2156,6736,61034,48923334,838
Q420,4726,7296,22233,243-9032,848 20,9316,7166,30933,944-8733,596
2011             
Q120,8456,5136,34733,893-9733,822 21,0986,7606,47334,335-15434,231
Q220,7866,5616,60133,97817634,234 20,9456,7326,82934,46310234,602
Q320,4716,5695,99533,07736133,601 20,5576,5526,13333,42641434,008
Q420,7936,4805,85132,87036933,047 20,7646,4616,14833,26044533,518
2012             
Q120,3346,5936,41833,573-44333,136 20,4416,5886,56233,695-50333,208
Q220,4916,4825,91932,94040033,330 20,5416,5125,89333,04238633,392
Q320,7186,5046,29733,5691133,702 20,7136,4946,17233,4713133,675
Q420,8426,3388,05534,99535535,294 20,7126,3188,04834,87940535,181
2013             
Q120,5636,4486,25333,45046633,908 20,3136,4506,30833,12352333,655
Q220,6896,4846,18933,44413333,495 20,3626,4016,11332,96219233,043
Q320,9736,4776,85234,31451534,962 20,5416,6466,68333,93152334,679
Q421,0476,5327,15634,484-24134,271 20,5416,7407,08034,191-33833,795
2014             
Q121,1786,4316,79834,53950235,020 20,5736,6576,67534,01449734,539
Q221,3266,5307,43435,41425935,550 20,6356,9107,28334,82925234,909
Percentage change on previous quarter    Percentage change on previous quarter  
2008             
Q10.31.41.61.6 0.6 -0.3-0.34.51.7 0.2
Q2-1.01.9-13.8-5.3 -4.0 -1.7-0.1-12.9-4.7 -3.6
Q30.5-0.17.81.7 1.7 0.4-0.39.01.9 2.0
Q4-2.31.2-25.0-7.1 -10.4 -1.60.6-22.4-7.2 -10.0
2009             
Q1-8.6-0.1-3.7-5.3 -3.6 -3.8-0.6-1.9-1.7 -0.3
Q2-1.6-6.7-0.8-3.1 -2.5 -0.1-2.20.4-1.3 -0.9
Q3-1.20.1-10.0-3.4 -3.9 -0.4-3.2-6.6-2.2 -2.8
Q4-0.10.51.50.6 -1.2 0.4-0.13.10.9 -0.2
2010             
Q1-0.9-8.6-18.6-5.6 -4.1 0.4-3.9-19.4-4.7 -3.6
Q21.1-2.09.41.4 1.7 1.00.110.12.4 2.6
Q30.3-1.3-8.6-1.9 -0.2 0.1-2.7-6.3-1.7 -0.1
Q4-1.33.9-3.0-1.1 -3.4 -1.30.6-4.6-1.6 -3.6
2011             
Q11.8-3.22.02.0 3.0 0.80.72.61.2 1.9
Q2-0.30.74.00.3 1.2 -0.7-0.45.50.4 1.1
Q3-1.50.1-9.2-2.6 -1.9 -1.9-2.7-10.2-3.0 -1.7
Q41.6-1.3-2.4-0.6 -1.6 1.0-1.40.2-0.5 -1.4
2012             
Q1-2.21.79.72.1 0.3 -1.62.06.71.3 -0.9
Q20.8-1.7-7.8-1.9 0.6 0.5-1.2-10.2-1.9 0.6
Q31.10.36.41.9 1.1 0.8-0.34.71.3 0.8
Q40.6-2.627.94.2 4.7 -0.0-2.730.44.2 4.5
2013             
Q1-1.31.7-22.4-4.4 -3.9 -1.92.1-21.6-5.0 -4.3
Q20.60.6-1.0-0.0 -1.2 0.2-0.8-3.1-0.5 -1.8
Q31.4-0.110.72.6 4.4 0.93.89.32.9 4.9
Q40.40.94.40.5 -2.0 0.01.45.90.8 -2.5
2014
Q10.6-1.6-5.00.2 2.2 0.2-1.2-5.7-0.5 2.2
Q20.71.59.42.5 1.5 0.33.89.12.4 1.1

Background Notes

 

Introduction 

This release gives the official quarterly national accounts estimates for Ireland. It provides the first set of results for Q2 of 2014.

National accounts are compiled in the EU according to the European System of National and Regional Accounts (ESA) framework. In 2014, the new ESA 2010 framework will replace the current ESA 95 version and all EU member states are 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 results for all years in this release are published on an ESA 2010 basis. For Ireland, the ESA 2010 change with the greatest impact on gross domestic product (GDP) is the new treatment of research and development (R&D) expenditure.  Under ESA95, R&D expenditure was treated as an ancillary cost to the main production of an enterprise, while under ESA2010, R&D expenditure is recognised as capital investment.

 

In addition to the ESA 2010 changes, the results include additional estimates for illegal economic activities in line with the requirement from the European statistical agency, Eurostat to include such estimates in the National Accounts before September 2014.

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 2014.

 

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

 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 2014 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 now being 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 2012 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 new BPM6 framework introduced in the Q1 2014 Balance of Payments release. (BPM6 is consistent with ESA 2010:for further details please refer to Q1 2014 Balance of Payments release) 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 new BPM6 framework,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. 

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

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 except for the FISIM adjustment (see the definition of this item above). 

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 previousyear using appropriate price indices such as components of the Wholesale Price Index (WPI) and indices for construction activity 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. An adjustment is made for FISIM (see the definition of “net factor income from the rest of the world” page 12) Current price estimates are converted to previous year prices using the available price indices, including export and import unit value indices. 

A very significant fall in the pattern of distributive type trade with Great Britain in Electrical machinery and parts in 2002 has a very large influence on year-on-year comparisons of both exports and imports for 2003 and the latter part of 2002. While the comparisons of gross flows are considerably influenced, the net balance of trade is not significantly affected.

 

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 series. As part of the seasonal adjustment process, ARIMA models are identified for each series based on unadjusted data spanning Q1 1997 to Q1 2014. These models are then applied to the entire series (Q1 1997 to Q2 2014). Seasonal factors and the parameters of the ARIMA models are updated each quarter. 

The adjustments are completed by applying the X-12-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, for example:

• 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-12-ARIMA see (Findley, D.F., B.C. Monsell, W.R. Bell, M.C. Otto, and B. Chen (1998), “New Capabilities and Methods of the X-12-Arima Seasonal Adjustment Program”, Journal of Business & Economic Statistics, 16, pp. 127-177.)

upArrowHide Background Notes