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GDP - Expenditure

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Personal Consumption Expenditure decreased by 0.7% in Q1

Table 3.1 Expenditure Components of GDP1, Q1 20222
 Amount €mQuarterly % change
Personal Consumption of Goods and Services26,890-0.7
Net Expenditure by Central and Local Government on Current Goods and Services10,488-0.4
Gross Domestic Fixed Capital Formation20,500-39.5
Net Exports53,263 
     Exports of Goods and Services157,6645.2
     Less Imports of Goods and Services-104,400-12.3
Gross Domestic Product115,48210.8
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 2019 and seasonally adjusted.

On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €8.7 billion in Q1 compared with the previous quarter and accounted for 39.5% of total domestic demand in Q1 2022.

Personal Consumption Expenditure fell by 0.7% in Q1 2022 compared to Q4 2021, while Government expenditure decreased by 0.4% over the same period. There was an overall increase in real GDP of 10.8%, driven by an increase in net exports.

Personal Consumption ExpenditureGovernment ExpenditureGross Fixed Capital FormationValue of Physical Changes in StocksNet ExportsGDP
Q1 201927.8762953458.896153605818.7948394763.03149790629.54346735687.167968996
Q2 201928.0860713568.933315635862.352555815-0.361265585-10.3939056189.356459107
Q3 201927.6103707179.128531375421.4029289371.31147322728.55831600189.491565481
Q4 201927.3452319658.932817612888.40044893-0.056312293-35.3064290790.457945601
Q1 202026.5273485889.069603856181.5970254072.206933134-26.3579831792.81938331
Q2 202022.65749009210.14763114320.9313374471.87189658236.25249000890.214968785
Q3 202025.3300820710.16145632719.8650041040.56933471245.99595339799.549233664
Q4 202024.84134321510.41862346524.5606931760.28070077732.9065310594.790574576
Q1 202123.58175551110.43501790718.7303118531.71894986450.451120363103.76280479
Q2 202127.04374426310.48702275619.5464078960.90615811753.758416091108.91455577
Q3 202127.22884821510.46859632819.266850951.65636398151.436964526111.01730849
Q4 202127.08236507410.53310275133.881075452-0.78451111530.85332207104.17835799
Q1 202226.88976802410.48769323120.4998063453.92154520953.26346677115.4815665

Get the data: NQQ49

Building & ConstructionMachinery & EquipmentIntangiblesMachinery & Equipment + IntangiblesGross Domestic Fixed Capital Formation
Q1 20196.20930834246.32481035216.2607207816018.794839476
Q2 20196.36034588436.26192682349.730283108062.352555815
Q3 20196.78175206926.43038465198.1907922161021.402928937
Q4 20196.31814257415.925976006776.156330349088.40044893
Q1 20206.66337527960074.933650127481.597025407
Q2 20204.65811678663.698377438612.574843222020.931337447
Q3 20206.30212900245.1340127248.4288623776019.865004104
Q4 20206.55826227910018.002430896924.560693176
Q1 20214.90886934855.88809408287.9333484215018.730311853
Q2 20215.80693604725.73700594458.0024659041019.546407896
Q3 20216.04958574865.25401795767.9632472437019.26685095
Q4 20216.41256565315.350336403422.118173395033.881075452
Q1 20226.16162572365.47038499818.867795623020.499806345

Get the data: NQQ49

Comparisons with Q1 2021
On the expenditure side of the accounts (Table 3.3) Capital Investment grew by €3.8 billion. Personal Consumption showed an increase of 13.6% while Government expenditure increased by 0.3% over the same period. Exports of Goods and Services grew by 14.1% (or €19.0 billion) in Q1 2022 compared with the same quarter of 2021. Imports of Goods and Services grew by 20.4% (or €17.0 billion) over the same period. Net Exports therefore increased by 4.0% or €2.0 billion over the period year-on-year.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2019)1

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

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2019)1 - Seasonally Adjusted

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

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2019)1 - Non-Seasonally Adjusted

Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2019)1 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2022 Updates Tables (XLS 55KB)