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Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20222 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 48,814 | 15.0 |
Information and Communication | 18,824 | 4.3 |
Professional, Admin and Support Services | 10,063 | 6.3 |
Distribution, Transport, Hotels and Restaurants | 9,536 | 11.9 |
Public Admin, Education and Health | 9,175 | -1.6 |
Real Estate Activities | 5,276 | 2.4 |
Financial and Insurance Activities | 4,014 | 6.0 |
Construction | 1,924 | -3.7 |
Arts, Entertainment and Other Services | 1,085 | 3.5 |
Agriculture, Forestry and Fishing | 804 | 5.5 |
Gross Domestic Product | 115,482 | 10.8 |
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 2022 | Q4 2021 | |
Industry (excl. Construction) | 48.814338043 | 42.446307654 |
Information and Communication | 18.824441674 | 18.051198736 |
Professional, Admin and Support Services | 10.062896372 | 9.46237086 |
Distribution, Transport, Hotels and Restaurants | 9.53608757 | 8.522706833 |
Public Admin, Education and Health | 9.174527294 | 9.325767486 |
Real Estate Activities | 5.276492081 | 5.150598834 |
Financial and Insurance Activities | 4.014369506 | 3.788414609 |
Construction | 1.923645918 | 1.998111213 |
Arts, Entertainment and Other Services | 1.084935037 | 1.048279765 |
Agriculture Forestry and Fishing | 0.804247585 | 0.76215079 |
Get the data: NQQ47
Column1 | Q1 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 Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels and Restaurants | Information and Communication | Financial and Insurance Activities | Real Estate Activities | Professional, Admin and Support Services | Public Admin, Education and Health | Arts, Entertainment and Other Services | |
Q1 2019 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2019 | 106.636972197258 | 106.95296278204 | 103.107018660553 | 99.0558218958807 | 115.943195795494 | 96.4606939108144 | 101.543385222424 | 101.752312058198 | 99.6381807780914 | 99.1345185563087 |
Q3 2019 | 99.777176438975 | 111.814072153681 | 112.493680656652 | 97.3404260502489 | 110.569665970104 | 103.083351236147 | 102.779482650131 | 99.8314261233138 | 100.918675261886 | 101.048944698883 |
Q4 2019 | 119.083514334077 | 113.526542814286 | 102.619053858582 | 96.5490462511332 | 112.270324478281 | 102.066007788972 | 101.557542233934 | 100.177084729617 | 101.775235712043 | 96.341648061865 |
Q1 2020 | 104.643111111331 | 123.592987721778 | 102.69308526569 | 96.3312135692326 | 119.944115791649 | 93.155165968249 | 101.542922318222 | 94.4616527745928 | 102.629625428832 | 93.0734843042075 |
Q2 2020 | 106.589932312712 | 127.763898362461 | 72.0896447534544 | 59.4275351739732 | 112.050491285336 | 95.5267426845565 | 97.1830702540189 | 87.1005791191321 | 99.1660527457092 | 66.8925761190361 |
Q3 2020 | 102.494062699632 | 134.21527019033 | 99.2127344511808 | 80.0160482895078 | 146.06421482043 | 89.7802069550968 | 98.8036380123614 | 91.0211144629493 | 100.669663270177 | 66.7990523411494 |
Q4 2020 | 104.054901161042 | 142.407382108397 | 101.358703136656 | 81.4809809307208 | 117.243532111745 | 91.239333548322 | 102.846781164149 | 91.5338804889983 | 100.964049778285 | 68.3519329541768 |
Q1 2021 | 97.7207891407554 | 158.160642223364 | 74.4045903353456 | 80.0686702362602 | 134.318152621558 | 93.1350685845205 | 101.951340379863 | 91.2406330761955 | 102.206000640329 | 77.2812877161512 |
Q2 2021 | 96.4996485871829 | 162.165540235287 | 88.8907577394728 | 82.1486391730981 | 140.079805688615 | 96.5113222114037 | 103.898363333718 | 94.7809468758386 | 104.209313448287 | 81.4816320111402 |
Q3 2021 | 117.169598149814 | 178.842417765583 | 95.1766458680596 | 86.3329066383758 | 141.988029559646 | 94.4251762468132 | 103.163904956585 | 97.6175918692796 | 104.725373760675 | 81.6594475014353 |
Q4 2021 | 101.011724109792 | 153.105530916099 | 99.5221691089318 | 88.70132229834 | 153.691413125104 | 95.3929585545718 | 103.235931527412 | 97.4497301139621 | 106.686454061513 | 92.2071651251425 |
Q1 2022 | 106.591026654956 | 176.075271453844 | 95.8131925346952 | 99.2482310592419 | 160.274953729154 | 101.082543341178 | 105.759270472247 | 103.634337538126 | 104.956271551571 | 95.4313795294061 |
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.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2022 Updates Tables (XLS 55KB)
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