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Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20212 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 41,838 | 7.9 |
Information and Communication | 15,678 | 14.1 |
Professional, Admin and Support Services | 8,780 | -0.5 |
Public Admin, Education and Health | 8,756 | -0.7 |
Distribution, Transport, Hotels and Restaurants | 7,597 | -4.6 |
Real Estate Activities | 5,123 | 0.6 |
Financial and Insurance Activities | 3,638 | 2.2 |
Construction | 1,532 | -27.9 |
Arts, Entertainment and Other Services | 914 | 19.4 |
Agriculture, Forestry and Fishing | 760 | -2.6 |
Gross Domestic Product | 101,937 | 8.6 |
1Series is not additive, Taxes less Subsidies on Products not shown in table (see Table 2.5 for full detail). | ||
2Constant Market Prices, chain linked annually and referenced to year 2019, seasonally adjusted. |
The Information & Communication and Industry (excluding Construction) sectors recorded strong growth in Q1 compared with the previous quarter, increasing by 14.1% and 7.9% respectively. The domestically dominated Distribution, Transport, Hotels & Restaurants sector decreased by 4.6% over the same period. Quarter-on-quarter increases were recorded in Finance & Insurance (2.2%), Real Estate (0.6%) and Arts & Entertainment (19.4%) while domestic sectors that exhibited declines were Construction (27.9%), Public Administration, Education & Health (0.7%) and Professional & Administrative services (0.5%). The Agriculture sector decreased by 2.6% over the period compared with Q4 2020. (See Table 2.5)
Comparisons with Q1 2020
Estimates for the first quarter of 2021 indicate that there was an increase of 10.7% in GDP in real terms in Q1 2021 compared with Q1 2020. The Industry (excluding Construction) sector made the most positive contribution to the Q1 result, rising by 23.4% year-on-year. Information & Communication exhibited an increase of 12.5% compared with the same quarter of 2020 with Real Estate activities growing by 0.9%. All other sectors declined year-on-year with the Construction sector exhibiting the sharpest fall (31.6%). Distribution, Transport, Hotels & Restaurants declined by 18.1% year-on-year while Arts & Entertainment sector recorded a decrease of 14.8%. Year-on-year contractions were also recorded in Agriculture (5.3%), Professional & Administrative Services (4.3%) and Financial & Insurance activities (2.4%). Public Administration, Education & Health exhibited a decline of 1.5% year-on-year. (See Table 2.3)
Q1 2021 | Q4 2020 | |
Industry (excl. Construction) | 41.838234106 | 38.783538326 |
Information and Communication | 15.678449328 | 13.735567208 |
Professional, Admin and Support Services | 8.779543703 | 8.82594118 |
Public Admin, Education and Health | 8.75573535 | 8.813462865 |
Distribution, Transport, Hotels and Restaurants | 7.59717418 | 7.961158553 |
Real Estate Activities | 5.122608239 | 5.090618477 |
Financial and Insurance Activities | 3.638269667 | 3.560990495 |
Construction | 1.531609102 | 2.124162599 |
Arts, Entertainment and Other Services | 0.914496291 | 0.766102192 |
Agriculture Forestry and Fishing | 0.760019264 | 0.780427693 |
Column1 | Q1 2021 |
---|---|
Construction | -27.8958633994855 |
Distribution, Transport, Hotels and Restaurants | -4.57200256189899 |
Agriculture Forestry and Fishing | -2.61503137101005 |
Public Admin, Education and Health | -0.654992434690416 |
Professional, Admin and Support Services | -0.52569438265847 |
Real Estate Activities | 0.628406197489229 |
Financial and Insurance Activities | 2.17015945727763 |
Industry (excl. Construction) | 7.87626893225513 |
Information and Communication | 14.1448990826415 |
Arts, Entertainment and Other Services | 19.3700136286779 |
Agriculture Forestry and Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels and Restaurants | Information and Communication | Financial and Insurance Activities | Real Estate Activities | Professional, Admin and Support Services | Public Admin, Education and Health | Arts, Entertainment and Other Services | |
Q1 2019 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2019 | 105.598506681667 | 107.373976421399 | 100.139415300526 | 99.2598683166888 | 120.944538332519 | 98.2021140206375 | 101.589240010934 | 102.092032817987 | 100.835069813247 | 98.8537238208568 |
Q3 2019 | 100.649935121586 | 112.043584267813 | 108.562895919127 | 98.0117640216707 | 109.43446312983 | 102.711150666901 | 102.636315750286 | 100.194711094385 | 101.711515949692 | 99.3319197232148 |
Q4 2019 | 119.289959803775 | 112.186196549518 | 103.732816979183 | 98.2029917251464 | 112.671563201135 | 101.356008324778 | 100.797926093419 | 99.8159093465666 | 102.149061098025 | 94.3904975581599 |
Q1 2020 | 105.031837401647 | 123.944952889924 | 103.124747788691 | 96.246241670762 | 119.89524346386 | 93.4781248246059 | 101.66568401266 | 94.48485172685 | 102.236519154421 | 93.6080075588464 |
Q2 2020 | 103.677706604496 | 128.570850601691 | 68.8957446240495 | 59.2762285659865 | 117.731136442825 | 97.7075958372288 | 97.3511042552841 | 87.4562345878136 | 100.761225053184 | 66.8579107805968 |
Q3 2020 | 105.528273422584 | 134.601403387566 | 94.1593108337325 | 80.4970131034444 | 143.554469774722 | 89.2694480121276 | 98.6267648445631 | 91.4767166252033 | 101.445286895225 | 65.3695180114051 |
Q4 2020 | 103.414147959633 | 139.813202512313 | 104.264014328521 | 83.366791001614 | 117.90221281956 | 89.798084010766 | 101.849890713819 | 90.9880926722494 | 101.392758426021 | 66.7827383543753 |
Q1 2021 | 100.709835548426 | 150.825266344981 | 75.178667316617 | 79.5552591812473 | 134.579361839088 | 91.7468456233798 | 102.489921739201 | 90.5097733801833 | 100.728643529006 | 79.7185638752221 |
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2021 Updates Tables (XLS 67KB)
Next Chapter >> GDP - Expenditure
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