Table 3.1 Expenditure Components of GDP1, Q1 20222 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 26,890 | -0.7 |
Net Expenditure by Central and Local Government on Current Goods and Services | 10,488 | -0.4 |
Gross Domestic Fixed Capital Formation | 20,500 | -39.5 |
Net Exports | 53,263 | |
Exports of Goods and Services | 157,664 | 5.2 |
Less Imports of Goods and Services | -104,400 | -12.3 |
Gross Domestic Product | 115,482 | 10.8 |
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 Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2019 | 27.876295345 | 8.8961536058 | 18.794839476 | 3.031497906 | 29.543467356 | 87.167968996 |
Q2 2019 | 28.086071356 | 8.9333156358 | 62.352555815 | -0.361265585 | -10.39390561 | 89.356459107 |
Q3 2019 | 27.610370717 | 9.1285313754 | 21.402928937 | 1.311473227 | 28.558316001 | 89.491565481 |
Q4 2019 | 27.345231965 | 8.9328176128 | 88.40044893 | -0.056312293 | -35.30642907 | 90.457945601 |
Q1 2020 | 26.527348588 | 9.0696038561 | 81.597025407 | 2.206933134 | -26.35798317 | 92.81938331 |
Q2 2020 | 22.657490092 | 10.147631143 | 20.931337447 | 1.871896582 | 36.252490008 | 90.214968785 |
Q3 2020 | 25.33008207 | 10.161456327 | 19.865004104 | 0.569334712 | 45.995953397 | 99.549233664 |
Q4 2020 | 24.841343215 | 10.418623465 | 24.560693176 | 0.280700777 | 32.90653105 | 94.790574576 |
Q1 2021 | 23.581755511 | 10.435017907 | 18.730311853 | 1.718949864 | 50.451120363 | 103.76280479 |
Q2 2021 | 27.043744263 | 10.487022756 | 19.546407896 | 0.906158117 | 53.758416091 | 108.91455577 |
Q3 2021 | 27.228848215 | 10.468596328 | 19.26685095 | 1.656363981 | 51.436964526 | 111.01730849 |
Q4 2021 | 27.082365074 | 10.533102751 | 33.881075452 | -0.784511115 | 30.85332207 | 104.17835799 |
Q1 2022 | 26.889768024 | 10.487693231 | 20.499806345 | 3.921545209 | 53.26346677 | 115.4815665 |
Get the data: NQQ49
Building & Construction | Machinery & Equipment | Intangibles | Machinery & Equipment + Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2019 | 6.2093083424 | 6.3248103521 | 6.2607207816 | 0 | 18.794839476 |
Q2 2019 | 6.3603458843 | 6.261926823 | 49.730283108 | 0 | 62.352555815 |
Q3 2019 | 6.7817520692 | 6.4303846519 | 8.1907922161 | 0 | 21.402928937 |
Q4 2019 | 6.3181425741 | 5.9259760067 | 76.156330349 | 0 | 88.40044893 |
Q1 2020 | 6.6633752796 | 0 | 0 | 74.9336501274 | 81.597025407 |
Q2 2020 | 4.6581167866 | 3.6983774386 | 12.574843222 | 0 | 20.931337447 |
Q3 2020 | 6.3021290024 | 5.134012724 | 8.4288623776 | 0 | 19.865004104 |
Q4 2020 | 6.5582622791 | 0 | 0 | 18.0024308969 | 24.560693176 |
Q1 2021 | 4.9088693485 | 5.8880940828 | 7.9333484215 | 0 | 18.730311853 |
Q2 2021 | 5.8069360472 | 5.7370059445 | 8.0024659041 | 0 | 19.546407896 |
Q3 2021 | 6.0495857486 | 5.2540179576 | 7.9632472437 | 0 | 19.26685095 |
Q4 2021 | 6.4125656531 | 5.3503364034 | 22.118173395 | 0 | 33.881075452 |
Q1 2022 | 6.1616257236 | 5.4703849981 | 8.867795623 | 0 | 20.499806345 |
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.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2022 Updates Tables (XLS 55KB)
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