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GDP - Expenditure

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Personal Consumption Expenditure decreased by 1.3% in Q1

Table 3.1 Expenditure Components of GDP1, Q1 20222
 Amount €mQuarterly % change
Personal Consumption of Goods and Services26,771-1.3
Net Expenditure by Central and Local Government on Current Goods and Services10,666-4.6
Gross Domestic Fixed Capital Formation21,084-45.7
Net Exports53,294 
     Exports of Goods and Services154,1945.3
     Less Imports of Goods and Services-100,900-14.4
Gross Domestic Product113,7166.3
1Series not additive, Value of Physical Changes in Stocks not shown on table (see Table 3.5 for full detail).
2Constant Market Prices, chain linked annually and referenced to year 2020 and seasonally adjusted.

On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €14.2 billion in Q1 compared with the previous quarter and accounted for 39.7% of total domestic demand in Q1 2022.

Personal Consumption Expenditure fell by 1.3% in Q1 2022 compared to Q4 2021, while Government expenditure decreased by 4.6% over the same period. There was an overall increase in real GDP of 6.3%, driven by an increase in net exports.

Personal Consumption ExpenditureGovernment ExpenditureGross Fixed Capital FormationValue of Physical Changes in StocksNet ExportsGDP
Q1 202026.4320742949.305944987177.9954569942.039149497-23.0744584992.670551259
Q2 202022.7366264610.43146222217.657445311.79106595435.76997301887.602209476
Q3 202025.71266378810.48151908225.2633356580.43479991639.4299946198.913925707
Q4 202024.86326652910.64929403837.1653861840.22669067919.3755581793.959443283
Q1 202123.11365911310.8523113418.3093140722.06636630549.661248524102.56628132
Q2 202126.65317954910.72831319519.4274937230.30171335349.368262751104.77182915
Q3 202127.29546635110.75902872719.7838580372.85550906348.48788358108.86576204
Q4 202127.13309090811.17533249738.8052630370.03672792828.58279194107.02270738
Q1 202226.77052132910.66648402721.0835386183.59298542153.29430234113.71557721

Get the data: NAQ04

Building & ConstructionMachinery & EquipmentIntangiblesMachinery & Equipment + IntangiblesGross Domestic Fixed Capital Formation
Q1 20206.8390576930071.15639930177.995456994
Q2 20204.68964434623.04018594049.9276150235017.65744531
Q3 20206.01766392055.588363307713.657308429025.263335658
Q4 20206.40966550360030.755720680437.165386184
Q1 20215.14948905625.68891617777.4709088382018.309314072
Q2 20216.03559338575.5674451037.8244552345019.427493723
Q3 20215.86195082755.44891245168.4729947574019.783858037
Q4 20216.22705566986.384405921726.193801445038.805263037
Q1 20226.51327271725.81139184688.7588740539021.083538618

Get the data: NAQ04

Comparisons with Q1 2021
On the expenditure side of the accounts (Table 3.3) Capital Investment grew by €4.1 billion. Personal Consumption showed an increase of 15.3% while Government expenditure decreased by 2.1% over the same period. Exports of Goods and Services grew by 14.8% (or €19.2 billion) in Q1 2022 compared with the same quarter of 2021. Imports of Goods and Services grew by 19.7% (or €16.1 billion) over the same period. Net Exports therefore increased by 6.3% or €3.0 billion over the period year-on-year.

Show Table: Table 3.2 Expenditure on Gross National Product at Current Market Prices

Show Table: Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)1

Show Table: Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted

Show Table: Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)1 - Seasonally Adjusted

Show Table: Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Show Table: Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2020)1 - Non-Seasonally Adjusted

Show Table: Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2020)1 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2022 Updates Tables (XLS 66KB)

Next chapter: International Trade