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GDP by Sector

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Increase of 6.3% in GDP (seasonally adjusted) in Quarter 1

Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20222
 Amount €mQuarterly % change
Industry (excl. Construction)42,9547.9
Information and Communication19,1250.1
Professional, Admin and Support Services10,7112.8
Public Admin, Education and Health9,4710.1
Distribution, Transport, Hotels and Restaurants8,430-0.9
Real Estate Activities5,8401.3
Financial and Insurance Activities4,9802.7
Arts, Entertainment and Other Services926-9.8
Agriculture, Forestry and Fishing8905.8
Gross Domestic Product113,7166.3
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 2020, seasonally adjusted.

The MNE dominated Industry (excluding Construction) sector recorded strong growth in Q1 compared with the previous quarter, an increase of 7.9%. The Agriculture, Forestry & Fishing sector rose by 5.8% quarter-on-quarter while the Professional & Administrative services sector and the Finance & Insurance sector increased by 2.8% and 2.7% respectively over the period compared with Q4 2021. Real Estate increased by 1.3% in Q1 2022 while the domestically facing Construction sector grew by 0.3% in the quarter. The Information & Communication sector, dominated by MNEs, was largely unchanged with growth of 0.1% over the same period; Public Administration, Education & Health also recorded a 0.1% increase in the quarter. The domestically dominated Distribution, Transport, Hotels & Restaurants sector declined by 0.9% quarter-on-quarter while Arts & Entertainment exhibited a decline of 9.8%. (See Table 2.5).

Column1Q1 2022Q4 2021
Industry (excl. Construction)42.95435961339.801546491
Information & Communication19.12496144119.105467402
Professional, Admin & Support Services10.71127730410.417376457
Public Admin, Education & Health9.4706380139.457060403
Distribution, Transport, Hotels & Restaurants8.4303279738.504584494
Real Estate Activities5.839677165.76275971
Financial & Insurance Activities4.9799946924.849761784
Arts, Entertainment & Other Services0.9255727991.026405067
Agriculture, Forestry & Fishing0.8896671360.841165663

Get the data: NAQ02

Column1Q1 2022
Arts, Entertainment & Other Services-9.82382796440344
Distribution, Transport, Hotels & Restaurants-0.873135201988873
Information & Communication0.102033824087244
Public Admin, Education & Health0.143571146015864
Real Estate Activities1.33473290351716
Financial & Insurance Activities2.68534649329901
Professional, Admin & Support Services2.82125589118469
Agriculture Forestry & Fishing5.76598346002624
Industry (excl. Construction)7.92133321430843
Agriculture Forestry and FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels and RestaurantsInformation and CommunicationFinancial and Insurance ActivitiesReal Estate ActivitiesProfessional, Admin and Support ServicesPublic Admin, Education and HealthArts, Entertainment and Other Services
Q1 2020100100100100100100100100100100
Q2 2020100.497747757092104.07532045965469.944833246868359.265038759729692.805403948581195.307188681046893.84018009720397.685651515908591.662011425850762.3027873656039
Q3 202095.6706074604218106.92972655851789.09565882511284.8757050214145122.31522191689993.211820039058696.4773213655374101.76754148301397.281452114764763.5990908143392
Q4 202098.6022260908544112.88599363493294.289036217087283.656424713434399.555699997170196.6901261435788101.519436378299101.52984905710597.335969912292466.5879794070132
Q1 202197.1129915634321124.80335451454575.148532595815377.3715712832549115.440392048757111.081073999189102.50733069048998.130189953159798.217704136543266.5506192802811
Q2 202191.2396825880278124.27305869721485.976387661338284.4933149323732117.731807990617110.249176340463104.242593216212100.0119447401199.23388136392769.8438856921891
Q3 2021112.283870236255136.72563425633288.962797694733687.9843111962781120.678914556575112.921695487496104.9705899185101.681321594902100.18843166221173.9650435931377
Q4 202195.6356584313344127.82359272697492.128179157563890.3814174046344131.876181282927116.72160072815106.089044955447103.535377370761100.44549826047985.8482789243919
Q1 2022101.149994678372137.94892543337892.381639561511389.5922654332181132.01073959375119.855980140226107.505050345495106.456375304294100.58970901345377.4146916924584

Comparisons with Q1 2021
Updated estimates for the first quarter of 2022 indicate that there was an increase of 10.7% in GDP in real terms in Q1 2022 compared with Q1 2021. The MNE-dominated Information & Communication sector increased by 14.7% in Q1 compared with the equivalent quarter of 2021, while Industry (excluding Construction) rose by 11.6% year-on-year. Of the domestic based sectors, Construction exhibited an increase of 27.0% compared with the same quarter of 2021 while the Distribution, Transport, Hotels & Restaurants sector rose by 15.9%. The Arts & Entertainment sector increased by 16.1% in Q1 2022 with the Professional & Administrative Services sector rising by 8.5% year-on-year. Year-on-year increases were also recorded in Financial & Insurance activities (5.3%), Real Estate activities (4.9%), Agriculture (4.6%) and Public Administration, Education & Health (2.2%). (See Table 2.3) It must be recalled when analysing all year-on-year comparisons that Q1 2021 was a quarter affected by significant COVID restrictions.

Table 2.2 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Price

Table 2.3 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)2

Table 2.4 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Current Market Prices - Seasonally Adjusted

Table 2.5 Gross Domestic Product by Nace Rev. 2 A10 Sector1 of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)2 - Seasonally Adjusted

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