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Annual National Accounts 2022

Domestic Demand

Modified Domestic Demand grew by 9.5%

Online ISSN: 2811-5724

CSO statistical publication, 14 July 2023, 11am

	Personal Consumption of Goods & Services	Net Expenditure by Local & Central Government on Goods & Services	Gross Domestic Fixed Capital Formation	Final Domestic Demand
2014	97.9192058083	30.408308404	47.0591056577545	175.9803255642
2015	101.3648186348	31.0995882355	70.820999231031	203.1373781149
2016	106.2353650365	32.4707691764	106.430739841821	244.7526928443
2017	109.2454314997	33.6922129832	105.709599032007	248.2521013091
2018	113.8655721873	35.2246033909	97.0678932634593	245.6773680733
2019	116.8263841002	37.5128256296	194.806542130143	349.6667216107
2020	105.2357225009	41.8634364483	162.652103542485	309.9051483773
2021	114.1196450337	44.4899679416	96.9412618056702	255.5508747811
2022	124.8269652701	46.0615086246	101.867371155332	272.75584505

	Personal Consumption of Goods & Services	Net Expenditure by Local & Central Government on Goods & Services	Modified Gross Domestic Fixed Capital Formation	Modified Final Domestic Demand
2014	97.9192058083	30.408308404	33.2790308756	161.9319136002
2015	101.3648186348	31.0995882355	37.255373045	169.7402465735
2016	106.2353650365	32.4707691764	40.4625269072	179.0710155757
2017	109.2454314997	33.6922129832	42.4421272011	185.2273630504
2018	113.8655721873	35.2246033909	45.7442380556	194.5950979391
2019	116.8263841002	37.5128256296	44.6749160879	198.8619258654
2020	105.2357225009	41.8634364483	40.1178029927	187.2049607984
2021	114.1196450337	44.4899679416	42.2305774972	200.8401904726
2022	124.8269652701	46.0615086246	48.9356709063	219.824144801

Figure 9.1 as presented in the ANA 2022 publication on Friday 14th July 2023 represents the standard definition of Domestic Demand and is based on ANA 2022 Table 9.3 data [Table 9.3 Domestic Demand at Constant Market Prices (chain linked annually and referenced to year 2021]. The Domestic Demand chapter presentation has been augmented to include an additional figure, Figure 9.2, depicting the components of the deglobalized Modified Domestic Demand (MDD) data, to highlight that these data were presented on an annual basis for the first time in ANA 2022 in new ANA Table 9.7 [Table 9.7 Modified Domestic Demand at Constant Market Prices (chain linked annually and referenced to year 2021)]. These annual MDD variables had only been routinely published previously in Table 5.4 of the Quarterly National Accounts (QNA).

Final Domestic Demand, comprises of:
(a) Personal consumption of goods and services
(b) Net expenditure by central and local government
(c) Gross domestic fixed capital formation

Final Domestic Demand grew by 6.7% in real terms in 2022 compared with 2021. When the Value of physical changes in stocks and net acquisitions of valuables are taken into account, Total Domestic Demand increased by 8.3% in the year.

Annual values of the de-globalised measure Modified Domestic Demand are being presented for the first time in the Annual National Accounts for 2022. The euro million values and annual percentage changes contained in Tables 9.5, 9.6, 9.7 and 9.8 in this publication align with those presented in Quarterly National Accounts Q1 2023 (Final) Table 5.4.

Modified Final Domestic Demand, comprises of:
(a) Personal consumption of goods and services
(b) Net expenditure by central and local government
(c) Modified Gross domestic fixed capital formation – Excludes investment in Aircraft related to Leasing, and R&D service imports and trade in IP

Modified Final Domestic Demand expanded by 9.5% in year 2022 over 2021 in real terms while Modified Total Domestic Demand (which also includes the value of physical changes in stocks and net acquisitions of valuables) increased by 11.4% over the same period.

Table 9.1 Domestic Demand at Current Market Prices

Table 9.2 Annual Percentage Changes in the Main Constituents of Table 9.1

Table 9.3 Domestic Demand at Constant Market Prices (chain linked annually and referenced to year 2021)

Table 9.4 Annual Percentage Changes in the Main Constituents of Table 9.2

Table 9.5 Modified Domestic Demand at Current Market Prices

Table 9.6 Annual Percentage Changes in the Main Constituents of Table 9.5

Table 9.7 Modified Domestic Demand at Constant Market Prices (chain linked annually and referenced to year 2021)

Table 9.8 Annual Percentage Changes in the Main Constituents of Table 9.7

Next chapter: Personal Spending

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Table 9.1 Domestic Demand at Current Market Prices							€ million
Description	ESA Code	2017	2018	2019	2020	2021	2022¹
79. Personal consumption of goods and services	P.3	100,682	106,821	111,572	101,440	114,120	132,927
of which:
79(a) Final consumption expenditure of households and NPISHs		95,028	100,471	104,798	94,160	106,117	124,133
79(b) Final consumption expenditure of government		5,654	6,350	6,774	7,280	8,003	8,794
80. Net expenditure by central and local government on current goods and services	P.3	31,132	33,009	36,192	40,904	44,490	48,826
81. Gross domestic fixed capital formation	P.51	98,644	92,977	193,410	157,894	96,941	109,525
Final Domestic Demand		230,458	232,806	341,174	300,237	255,551	291,278
82. Value of physical changes in stocks and net acquisitions of valuables	P.52 & P.53	4,805	919	1,784	3,687	5,545	10,543
Total Domestic Demand		235,263	233,726	342,958	303,925	261,096	301,821
¹Preliminary

Table 9.2 Annual Percentage Changes in the Main Constituents of Table 9.1							%
Description	ESA Code	2017-2022	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
Personal consumption of goods and services	P.3	5.7	6.1	4.4	-9.1	12.5	16.5
Net expenditure by central and local government on current goods and services	P.3	9.4	6.0	9.6	13.0	8.8	9.7
Gross domestic physical capital formation	P.5	3.0	-9.2	107.9	-17.2	-36.6	17.2
of which
Gross domestic fixed capital formation	P.51	2.1	-5.7	108.0	-18.4	-38.6	13.0
Final Domestic Demand		4.8	1.0	46.5	-12.0	-14.9	14.0
Total Domestic Demand		5.1	-0.7	46.7	-11.4	-14.1	15.6

Table 9.3 Domestic Demand at Constant Market Prices (chain linked annually and referenced to year 2021)²							€ million
Description	ESA Code	2017	2018	2019	2020	2021	2022¹
92. Personal consumption of goods and services	P.3	109,245	113,866	116,826	105,236	114,120	124,827
of which:
92(a) Final consumption expenditure of households and NPISHs		103,115	107,041	109,681	97,844	106,117	116,042
92(b) Final consumption expenditure of government		6,123	6,817	7,138	7,391	8,003	8,785
93. Net expenditure by central and local government on current goods and services	P.3	33,692	35,225	37,513	41,863	44,490	46,062
94. Gross domestic fixed capital formation	P.51	105,710	97,068	194,807	162,652	96,941	101,867
Final Domestic Demand		248,252	245,677	349,667	309,905	255,551	272,756
95. Value of physical changes in stocks and net acquisitions of valuables	P.52 & P.53	4,090	814	1,638	3,645	5,545	10,042
Total Domestic Demand		252,828	246,123	350,871	313,416	261,096	282,798
¹Preliminary
²Chain linked series not additive except for 2021 and 2022

Table 9.4 Annual Percentage Changes in the Main Constituents of Table 9.3							%
Description	ESA Code	2017-2022	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
Personal consumption of goods and services	P.3	2.7	4.2	2.6	-9.9	8.4	9.4
Net expenditure by central and local government on current goods and services	P.3	6.5	4.5	6.5	11.6	6.3	3.5
Gross domestic physical capital formation	P.5	0.4	-10.9	100.7	-15.3	-38.4	9.2
of which
Gross domestic fixed capital formation	P.51	-0.7	-8.2	100.7	-16.5	-40.4	5.1
Final Domestic Demand		1.9	-1.0	42.3	-11.4	-17.5	6.7
Total Domestic Demand		2.3	-2.7	42.6	-10.7	-16.7	8.3

Table 9.5 Modified Domestic Demand at Current Market Prices							€ million
Description	ESA Code	2017	2018	2019	2020	2021	2022¹
79. Personal consumption of goods and services	P.3	100,682	106,821	111,572	101,440	114,120	132,927
of which:
79(a) Final consumption expenditureof households and NPISHs		95,028	100,471	104,798	94,160	106,117	124,133
79(b) Final consumption expenditure of government		5,654	6,350	6,774	7,280	8,003	8,794
80. Net expenditure by central and local government on current goods and services	P.3	31,132	33,009	36,192	40,904	44,490	48,826
Modified Gross domestic fixed capital formation	Mod P.51	36,450	40,967	41,251	37,780	42,231	54,158
Modified Final Domestic Demand		168,264	180,796	189,015	180,124	200,840	235,910
82. Value of physical changes in stocks and net acquisitions of valuables	P.52 & P.53	4,805	919	1,784	3,687	5,545	10,543
Modified Total Domestic Demand		173,069	181,715	190,798	183,811	206,385	246,453
¹Preliminary

Annual National Accounts 2022

Domestic Demand

Domestic Demand

Modified Domestic Demand grew by 9.5%

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