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GDP by Sector

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Increase of 10.8% 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)48,81415.0
Information and Communication18,8244.3
Professional, Admin and Support Services10,0636.3
Distribution, Transport, Hotels and Restaurants9,53611.9
Public Admin, Education and Health9,175-1.6
Real Estate Activities5,2762.4
Financial and Insurance Activities4,0146.0
Construction1,924-3.7
Arts, Entertainment and Other Services1,0853.5
Agriculture, Forestry and Fishing8045.5
Gross Domestic Product115,48210.8
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 MNE dominated Industry (excluding Construction) sector recorded strong growth in Q1 compared with the previous quarter, an increase of 15.0%. The domestically dominated Distribution, Transport, Hotels & Restaurants sector increased by 11.9% following the further easing of COVID restrictions during the quarter, with the Omicron COVID variant proving less impactful on activity generally than earlier COVID strains. The Professional & Administrative services sector rose by 6.3% quarter-on-quarter while Finance & Insurance increased by 6.0% over the period compared with Q4 2021. The Information & Communication sector, also dominated by MNEs, grew by 4.3% over the same period with the Agriculture sector exhibiting an increase of 5.5%. Quarter-on-quarter increases were also recorded in Arts & Entertainment (3.5%) and Real Estate (2.4%). The Construction sector declined by 3.7% in Q1 2022 while Public Administration, Education & Health fell by 1.6% (See Table 2.5).

Q1 2022Q4 2021
Industry (excl. Construction)48.81433804342.446307654
Information and Communication18.82444167418.051198736
Professional, Admin and Support Services10.0628963729.46237086
Distribution, Transport, Hotels and Restaurants9.536087578.522706833
Public Admin, Education and Health9.1745272949.325767486
Real Estate Activities5.2764920815.150598834
Financial and Insurance Activities4.0143695063.788414609
Construction1.9236459181.998111213
Arts, Entertainment and Other Services1.0849350371.048279765
Agriculture Forestry and Fishing0.8042475850.76215079

Get the data: NQQ47

Column1Q1 2022
Construction-3.72678430086965
Public Admin,
Education
and Health
-1.62174525825403
Real
Estate
Activities
2.4442448549663
Arts,
Entertainment
and Other
Services
3.49670700740847
Information and
Communication
4.28360991039285
Agriculture
Forestry
and Fishing
5.52342076559416
Financial and
Insurance
Activities
5.96436558087405
Professional,
Admin and
Support
Services
6.34645926359303
Distribution,
Transport,
Hotels and
Restaurants
11.8903624969966
Industry
(excl.
Construction)
15.0025543821358
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 2019100100100100100100100100100100
Q2 2019106.636972197258106.95296278204103.10701866055399.0558218958807115.94319579549496.4606939108144101.543385222424101.75231205819899.638180778091499.1345185563087
Q3 201999.777176438975111.814072153681112.49368065665297.3404260502489110.569665970104103.083351236147102.77948265013199.8314261233138100.918675261886101.048944698883
Q4 2019119.083514334077113.526542814286102.61905385858296.5490462511332112.270324478281102.066007788972101.557542233934100.177084729617101.77523571204396.341648061865
Q1 2020104.643111111331123.592987721778102.6930852656996.3312135692326119.94411579164993.155165968249101.54292231822294.4616527745928102.62962542883293.0734843042075
Q2 2020106.589932312712127.76389836246172.089644753454459.4275351739732112.05049128533695.526742684556597.183070254018987.100579119132199.166052745709266.8925761190361
Q3 2020102.494062699632134.2152701903399.212734451180880.0160482895078146.0642148204389.780206955096898.803638012361491.0211144629493100.66966327017766.7990523411494
Q4 2020104.054901161042142.407382108397101.35870313665681.4809809307208117.24353211174591.239333548322102.84678116414991.5338804889983100.96404977828568.3519329541768
Q1 202197.7207891407554158.16064222336474.404590335345680.0686702362602134.31815262155893.1350685845205101.95134037986391.2406330761955102.20600064032977.2812877161512
Q2 202196.4996485871829162.16554023528788.890757739472882.1486391730981140.07980568861596.5113222114037103.89836333371894.7809468758386104.20931344828781.4816320111402
Q3 2021117.169598149814178.84241776558395.176645868059686.3329066383758141.98802955964694.4251762468132103.16390495658597.6175918692796104.72537376067581.6594475014353
Q4 2021101.011724109792153.10553091609999.522169108931888.70132229834153.69141312510495.3929585545718103.23593152741297.4497301139621106.68645406151392.2071651251425
Q1 2022106.591026654956176.07527145384495.813192534695299.2482310592419160.274953729154101.082543341178105.759270472247103.634337538126104.95627155157195.4313795294061

Comparisons with Q1 2021
Estimates for the first quarter of 2022 indicate that there was an increase of 11.0% in GDP in real terms in Q1 2022 compared with Q1 2021. The MNE-dominated Information & Communication sector increased by 19.8% in Q1 compared with the equivalent quarter of 2021, while Industry (excluding Construction) rose by 12.2% year-on-year. Of the domestic facing sectors, Construction exhibited an increase of 33.7% compared with the same quarter of 2021 while the Distribution, Transport, Hotels & Restaurants sector rose by 24.5%. The Arts & Entertainment sector increased by 23.9% in Q1 2022 with the Professional & Administrative Services sector rising by 13.6% year-on-year. Year-on-year increases were also recorded in Agriculture (9.9%), Financial & Insurance activities (7.0%), Real Estate activities (4.0%) and Public Administration, Education & Health (2.5%). (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 2019)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 2019)2 - Seasonally Adjusted

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