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Quarterly National Accounts Quarter 1 2023 Provisional

GDP - Expenditure

Personal Consumption Expenditure increased by 1.7% in Q1 2023

Online ISSN: 2009-5775

CSO statistical release, 02 June 2023, 11am

Table 3.1 Expenditure Components of GDP¹, Q1 2023²
	Amount €m	Quarterly % change
Personal Consumption of Goods and Services	28,925	1.7
Net Expenditure by Central and Local Government on Current Goods and Services	10,732	-3.5
Gross Domestic Fixed Capital Formation	22,831	-12.7
Net Exports	49,274
Exports of Goods and Services	164,944	-2.1
Less Imports of Goods and Services	-115,670	-2.2
Gross Domestic Product	114,994	-4.6
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 2020 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.1 (XLS 11KB)

On the expenditure side of the accounts, Capital Investment decreased by €2.4 billion in Q1 compared with the previous quarter and accounted for 39.1% of total domestic demand in Q1 2023. (See Table 3.5)

Personal Consumption Expenditure grew by 1.7% in Q1 2023 compared to Q4 2022, while Government expenditure decreased by 3.5% over the same period. There was an overall decrease in real GDP of 4.6%.

	Personal Consumption Expenditure	Government Expenditure	Gross Fixed Capital Formation	Value of Physical Changes in Stocks	Net Exports	GDP
Q1 2020	26.593368856	9.2973529794	78.038064516	2.039149497	-23.23075678	92.726943565
Q2 2020	22.510900947	10.452860754	17.655277189	1.791065954	35.844130737	87.616638282
Q3 2020	25.730814868	10.540681768	25.103454275	0.434799916	39.145542114	98.748463441
Q4 2020	24.934966852	10.582165325	37.281326337	0.226690679	19.6418223	93.935380415
Q1 2021	23.29970303	10.824802984	18.387706586	2.066366305	49.63758875	102.86511648
Q2 2021	26.295842503	10.755703462	19.354588086	0.301713353	49.518794394	104.78538619
Q3 2021	27.327645141	10.854431599	19.564352156	2.855509063	47.869107975	108.50776068
Q4 2021	27.246428831	11.075504116	38.978681556	0.036727928	28.98152603	106.89012913
Q1 2022	27.117438922	10.962233927	21.096663587	4.16631351	53.63378181	115.28510326
Q2 2022	27.717806742	10.906354759	25.502040951	1.469677292	52.44137118	117.75207683
Q3 2022	27.989020245	10.832051881	48.807331582	2.05689614	31.63168106	120.74654427
Q4 2022	28.437316871	11.125834297	26.167234986	1.683590814	50.20674435	120.57245698
Q1 2023	28.925238703	10.731938063	22.8309488	2.591925898	49.273647	114.9938488

Get the data: NAQ04

	Building & Construction	Machinery & Equipment	Intangibles	Machinery & Equipment + Intangibles	Gross Domestic Fixed Capital Formation
Q1 2020	6.8759430611	0	0	71.1621214549	78.038064516
Q2 2020	4.6317046627	3.1029987387	9.9205737876	0	17.655277189
Q3 2020	5.9847129021	5.4545318669	13.664209506	0	25.103454275
Q4 2020	6.4839033472	0	0	30.7974229898	37.281326337
Q1 2021	5.1899316415	5.7306007557	7.4671741888	0	18.387706586
Q2 2021	5.9066086127	5.6290682844	7.8189111886	0	19.354588086
Q3 2021	5.8072348915	5.2788179798	8.4782992842	0	19.564352156
Q4 2021	6.3645581804	6.4176196889	26.196503687	0	38.978681556
Q1 2022	6.3666683204	5.8039752805	8.9260199864	0	21.096663587
Q2 2022	6.7394381729	7.890833794	10.871768984	0	25.502040951
Q3 2022	6.5998014806	8.1607183748	34.046811726	0	48.807331582
Q4 2022	6.2460973182	6.8354553285	13.08568234	0	26.167234986
Q1 2023	6.7904168807	7.6282014319	8.4123304877	0	22.8309488

Get the data: NAQ04

Comparisons with Q1 2022

On the expenditure side of the accounts, Capital Investment increased by 0.6%. (See Table 3.3). Personal Consumption showed an increase of 6.4% while Government expenditure fell by 2.4% over the same period. Exports of Goods and Services increased by 6.3% (or €9.4 billion) in Q1 2023 compared with the same quarter of 2022. Imports of Goods and Services grew by 13.5% (or €13.2 billion) over the same period. Net Exports therefore decreased by 7.4% (or €3.8 billion) over the period year-on-year.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

Table 3.2 Expenditure on Gross National Product at Current Market Prices										€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	Statistical Discrepancy	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2017	100,256	31,139	98,743	4,200	360,344	-294,747	-2,171	297,763	-62,039	235,724
2018	106,259	32,988	92,740	519	401,053	-307,985	1,057	326,631	-74,463	252,168
2019	111,048	36,182	193,706	2,320	456,153	-443,633	929	356,705	-80,774	275,931
2020	99,875	40,901	158,066	4,672	497,130	-426,631	-1,175	372,836	-93,268	279,569
2021	108,457	44,598	99,196	6,107	572,988	-405,102	40	426,283	-103,595	322,688
2022	123,219	47,787	133,814	11,329	688,294	-500,685	-1,174	502,584	-139,119	363,465

2017
Q1	24,291	7,486	15,272	-629	84,452	-62,692	1,298	69,477	-15,405	54,072
Q2	23,973	7,664	53,113	1,907	86,916	-101,135	-2,533	69,906	-16,587	53,318
Q3	25,058	7,940	14,238	2,979	89,125	-60,230	-1,608	77,503	-14,089	63,414
Q4	26,934	8,049	16,120	-57	99,851	-70,691	671	80,877	-15,958	64,919
2018
Q1	25,497	8,026	15,456	1,818	91,974	-62,861	-628	79,282	-18,325	60,957
Q2	25,713	8,199	17,269	125	98,657	-70,602	-995	78,364	-17,522	60,842
Q3	26,721	8,489	19,317	-7	100,917	-72,332	1,671	84,776	-17,821	66,955
Q4	28,329	8,274	40,699	-1,416	109,506	-102,191	1,009	84,209	-20,795	63,414
2019
Q1	26,778	8,748	17,772	1,590	106,896	-76,011	-142	85,632	-19,885	65,747
Q2	27,004	9,007	60,981	-395	110,225	-121,872	22	84,973	-21,364	63,608
Q3	27,796	9,218	21,917	1,063	115,276	-82,747	686	93,210	-20,281	72,929
Q4	29,470	9,208	93,035	62	123,756	-163,004	363	92,890	-19,244	73,647
2020
Q1	25,591	9,330	79,166	2,144	118,474	-142,211	539	93,033	-22,997	70,036
Q2	21,689	10,303	17,260	1,850	113,429	-78,773	-1,092	84,665	-22,590	62,076
Q3	25,924	10,375	24,131	427	120,949	-80,981	278	101,102	-29,586	71,516
Q4	26,671	10,893	37,508	252	144,278	-124,665	-900	94,036	-18,095	75,941
2021
Q1	22,628	10,634	18,077	2,201	131,026	-83,478	134	101,222	-29,476	71,746
Q2	26,306	10,972	19,770	522	138,514	-93,173	-1,426	101,483	-27,995	73,488
Q3	28,744	11,401	20,662	3,198	145,697	-95,729	894	114,868	-26,905	87,963
Q4	30,779	11,591	40,688	187	157,751	-132,722	438	108,710	-19,219	89,491
2022
Q1	27,736	11,517	22,616	4,878	156,429	-103,202	-2,009	117,965	-35,204	82,762
Q2	29,489	11,715	27,920	1,604	166,840	-114,784	-1,904	120,880	-34,980	85,900
Q3	31,624	11,683	51,812	2,602	178,529	-143,474	1,187	133,964	-38,653	95,310
Q4	34,370	12,871	31,465	2,244	186,496	-139,225	1,552	129,774	-30,282	99,493
2023
Q1	31,350	11,807	25,288	2,806	172,102	-117,485	-2,391	123,478	-39,820	83,658

Percentage change on corresponding period of previous year
2017	4.1	6.0	2.0		9.6	2.9		10.2		7.5
2018	6.0	5.9	-6.1		11.3	4.5		9.7		7.0
2019	4.5	9.7	108.9		13.7	44.0		9.2		9.4
2020	-10.1	13.0	-18.4		9.0	-3.8		4.5		1.3
2021	8.6	9.0	-37.2		15.3	-5.0		14.3		15.4
2022	13.6	7.2	34.9		20.1	23.6		17.9		12.6

2017
Q1	2.9	4.1	-19.8		7.1	-5.2		7.9		1.8
Q2	3.7	5.7	118.1		8.3	39.1		10.3		2.9
Q3	5.2	6.7	-37.4		7.9	-12.3		13.0		17.5
Q4	4.5	7.3	-47.4		14.6	-10.6		9.5		7.5
2018
Q1	5.0	7.2	1.2		8.9	0.3		14.1		12.7
Q2	7.3	7.0	-67.5		13.5	-30.2		12.1		14.1
Q3	6.6	6.9	35.7		13.2	20.1		9.4		5.6
Q4	5.2	2.8	152.5		9.7	44.6		4.1		-2.3
2019
Q1	5.0	9.0	15.0		16.2	20.9		8.0		7.9
Q2	5.0	9.9	253.1		11.7	72.6		8.4		4.5
Q3	4.0	8.6	13.5		14.2	14.4		9.9		8.9
Q4	4.0	11.3	128.6		13.0	59.5		10.3		16.1
2020
Q1	-4.4	6.7	345.4		10.8	87.1		8.6		6.5
Q2	-19.7	14.4	-71.7		2.9	-35.4		-0.4		-2.4
Q3	-6.7	12.6	10.1		4.9	-2.1		8.5		-1.9
Q4	-9.5	18.3	-59.7		16.6	-23.5		1.2		3.1
2021
Q1	-11.6	14.0	-77.2		10.6	-41.3		8.8		2.4
Q2	21.3	6.5	14.5		22.1	18.3		19.9		18.4
Q3	10.9	9.9	-14.4		20.5	18.2		13.6		23.0
Q4	15.4	6.4	8.5		9.3	6.5		15.6		17.8
2022
Q1	22.6	8.3	25.1		19.4	23.6		16.5		15.4
Q2	12.1	6.8	41.2		20.4	23.2		19.1		16.9
Q3	10.0	2.5	150.8		22.5	49.9		16.6		8.4
Q4	11.7	11.1	-22.7		18.2	4.9		19.4		11.2
2023
Q1	13.0	2.5	11.8		10.0	13.8		4.7		1.1

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.2 (XLS 20KB)

Visit Table NAQ03 on PxStat

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Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)¹

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)¹									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2017	104,812	32,856	102,625	3,378	364,116	-298,736	306,837	-63,010	244,021
2018	109,177	34,321	94,250	482	399,815	-306,105	333,003	-74,407	258,691
2019	112,085	36,644	189,385	2,225	447,185	-435,660	351,121	-78,925	272,284
2020	99,875	40,901	158,066	4,672	497,130	-426,631	372,836	-93,268	279,569
2021	104,479	43,562	96,465	5,647	567,057	-391,008	423,498	-102,723	320,775
2022	111,388	43,870	121,454	9,763	652,104	-465,120	474,190	-131,850	342,339

2017
Q1	25,625	7,983	16,004	-490	83,460	-62,878	71,244	-15,324	55,942
Q2	24,963	8,069	55,504	1,487	86,424	-102,254	71,948	-16,599	55,334
Q3	26,109	8,352	14,745	2,349	90,194	-61,062	80,383	-14,352	66,154
Q4	28,115	8,451	16,371	32	104,037	-72,542	83,262	-16,736	66,591
2018
Q1	26,478	8,264	15,762	1,497	91,395	-63,341	80,244	-18,252	62,008
Q2	26,363	8,568	17,509	116	98,874	-70,781	81,153	-17,601	63,585
Q3	27,305	8,858	19,556	26	99,733	-70,628	86,376	-17,652	68,780
Q4	29,031	8,631	41,423	-1,157	109,812	-101,356	85,230	-20,901	64,318
2019
Q1	27,241	8,930	17,821	1,550	103,711	-74,970	83,755	-19,234	64,531
Q2	27,177	9,059	60,314	-373	108,606	-120,369	84,604	-20,987	63,586
Q3	27,982	9,448	21,506	980	112,605	-81,965	92,134	-19,751	72,432
Q4	29,684	9,207	89,744	68	122,264	-158,355	90,629	-18,954	71,735
2020
Q1	25,498	9,226	77,178	2,084	115,231	-140,297	90,261	-22,334	67,930
Q2	21,798	10,388	17,212	1,836	113,652	-77,660	85,786	-22,600	63,175
Q3	25,856	10,493	24,709	480	123,860	-81,509	102,598	-30,253	72,300
Q4	26,723	10,793	38,967	272	144,387	-127,165	94,191	-18,081	76,164
2021
Q1	22,195	10,748	17,600	2,163	129,656	-81,802	100,534	-29,143	71,391
Q2	25,518	10,695	19,019	398	140,884	-91,354	102,534	-28,449	74,085
Q3	27,524	10,696	19,422	2,952	144,011	-92,366	113,238	-26,569	86,669
Q4	29,241	11,423	40,424	133	152,506	-125,486	107,192	-18,562	88,630
2022
Q1	25,650	10,843	20,128	4,263	149,413	-98,194	112,315	-33,595	78,719
Q2	26,981	10,864	25,176	1,566	159,408	-106,746	115,411	-33,393	82,018
Q3	28,214	10,598	48,638	2,154	169,524	-133,106	126,391	-36,673	89,718
Q4	30,543	11,566	27,513	1,780	173,759	-127,074	120,072	-28,189	91,883
2023
Q1	27,301	10,579	21,845	2,689	158,842	-111,434	112,098	-36,711	75,387

Percentage change on corresponding period of previous year
2017	2.6	3.8	-0.7		9.6	1.2	9.0		6.0
2018	4.2	4.5	-8.2		9.8	2.5	8.5		6.0
2019	2.7	6.8	100.9		11.8	42.3	5.4		5.3
2020	-10.9	11.6	-16.5		11.2	-2.1	6.2		2.7
2021	4.6	6.5	-39.0		14.1	-8.3	13.6		14.7
2022	6.6	0.7	25.9		15.0	19.0	12.0		6.7

2017
Q1	1.7	3.3	-21.5		5.1	-9.3	6.0		-0.0
Q2	2.1	3.4	110.3		5.6	36.2	7.9		0.7
Q3	3.9	4.7	-39.9		8.2	-13.4	14.4		19.4
Q4	2.6	3.7	-48.8		18.9	-9.7	7.7		4.2
2018
Q1	3.3	3.5	-1.5		9.5	0.7	12.6		10.8
Q2	5.6	6.2	-68.5		14.4	-30.8	12.8		14.9
Q3	4.6	6.1	32.6		10.6	15.7	7.5		4.0
Q4	3.3	2.1	153.0		5.6	39.7	2.4		-3.4
2019
Q1	2.9	8.1	13.1		13.5	18.4	4.4		4.1
Q2	3.1	5.7	244.5		9.8	70.1	4.3		0.0
Q3	2.5	6.7	10.0		12.9	16.1	6.7		5.3
Q4	2.3	6.7	116.7		11.3	56.2	6.3		11.5
2020
Q1	-6.4	3.3	333.1		11.1	87.1	7.8		5.3
Q2	-19.8	14.7	-71.5		4.6	-35.5	1.4		-0.6
Q3	-7.6	11.1	14.9		10.0	-0.6	11.4		-0.2
Q4	-10.0	17.2	-56.6		18.1	-19.7	3.9		6.2
2021
Q1	-13.0	16.5	-77.2		12.5	-41.7	11.4		5.1
Q2	17.1	2.9	10.5		24.0	17.6	19.5		17.3
Q3	6.5	1.9	-21.4		16.3	13.3	10.4		19.9
Q4	9.4	5.8	3.7		5.6	-1.3	13.8		16.4
2022
Q1	15.6	0.9	14.4		15.2	20.0	11.7		10.3
Q2	5.7	1.6	32.4		13.1	16.8	12.6		10.7
Q3	2.5	-0.9	150.4		17.7	44.1	11.6		3.5
Q4	4.5	1.3	-31.9		13.9	1.3	12.0		3.7
2023
Q1	6.4	-2.4	8.5		6.3	13.5	-0.2		-4.2
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.3 (XLS 20KB)

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

Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Current Market Prices	Net Factor Income from Rest of World	GNP at Current Market Prices
2017
Q1	24,774	7,558	15,820	-1,405	86,148	-64,442	69,738	-14,557	55,180
Q2	24,796	7,680	53,312	1,930	88,116	-101,514	72,115	-15,978	56,137
Q3	25,159	7,863	14,488	2,969	89,372	-63,169	75,241	-13,670	61,571
Q4	25,443	8,029	14,982	784	96,424	-64,879	80,539	-18,133	62,406
2018
Q1	26,129	8,113	16,151	868	94,920	-64,667	80,257	-17,172	63,084
Q2	26,563	8,217	17,570	232	99,105	-71,080	80,757	-16,890	63,867
Q3	26,730	8,399	19,507	36	101,267	-74,953	82,182	-17,167	65,015
Q4	26,700	8,247	39,400	-560	105,353	-96,552	83,310	-23,519	59,791
2019
Q1	27,679	8,861	18,503	483	108,770	-78,175	85,996	-18,448	67,548
Q2	27,882	9,019	61,538	-163	112,386	-123,599	88,020	-20,716	67,304
Q3	27,653	9,120	22,001	1,124	115,654	-85,822	89,765	-19,377	70,388
Q4	27,687	9,174	91,472	874	118,855	-157,260	91,871	-22,514	69,357
2020
Q1	26,725	9,458	80,064	979	120,555	-144,663	93,455	-21,295	72,160
Q2	22,370	10,307	17,732	2,174	115,804	-80,493	87,668	-21,869	65,799
Q3	25,658	10,279	24,222	510	121,157	-82,881	97,655	-28,511	69,144
Q4	25,005	10,844	36,031	947	138,788	-115,115	95,045	-21,868	73,177
2021
Q1	23,786	10,778	18,741	1,073	133,571	-88,915	100,459	-27,505	72,954
Q2	27,157	10,967	20,385	913	141,482	-95,281	104,976	-27,219	77,757
Q3	28,338	11,321	20,671	3,282	145,671	-98,421	110,317	-25,651	84,666
Q4	28,792	11,526	39,074	762	151,328	-121,555	110,042	-23,477	86,565
2022
Q1	29,332	11,663	23,432	3,827	159,939	-108,511	118,312	-32,980	85,332
Q2	30,401	11,709	28,795	2,024	170,313	-117,220	124,945	-34,192	90,753
Q3	31,141	11,621	51,719	2,696	178,054	-145,583	128,721	-37,160	91,561
Q4	32,122	12,792	29,998	2,721	179,595	-128,736	130,444	-35,021	95,422
2023
Q1	33,200	11,943	26,139	1,813	176,225	-124,130	123,874	-37,356	86,518

Percentage change on previous quarter
2017
Q1	1.8	1.0	-46.7		2.2	-15.1	-4.1		-4.3
Q2	0.1	1.6	237.0		2.3	57.5	3.4		1.7
Q3	1.5	2.4	-72.8		1.4	-37.8	4.3		9.7
Q4	1.1	2.1	3.4		7.9	2.7	7.0		1.4
2018
Q1	2.7	1.1	7.8		-1.6	-0.3	-0.4		1.1
Q2	1.7	1.3	8.8		4.4	9.9	0.6		1.2
Q3	0.6	2.2	11.0		2.2	5.4	1.8		1.8
Q4	-0.1	-1.8	102.0		4.0	28.8	1.4		-8.0
2019
Q1	3.7	7.4	-53.0		3.2	-19.0	3.2		13.0
Q2	0.7	1.8	232.6		3.3	58.1	2.4		-0.4
Q3	-0.8	1.1	-64.2		2.9	-30.6	2.0		4.6
Q4	0.1	0.6	315.8		2.8	83.2	2.3		-1.5
2020
Q1	-3.5	3.1	-12.5		1.4	-8.0	1.7		4.0
Q2	-16.3	9.0	-77.9		-3.9	-44.4	-6.2		-8.8
Q3	14.7	-0.3	36.6		4.6	3.0	11.4		5.1
Q4	-2.5	5.5	48.8		14.6	38.9	-2.7		5.8
2021
Q1	-4.9	-0.6	-48.0		-3.8	-22.8	5.7		-0.3
Q2	14.2	1.8	8.8		5.9	7.2	4.5		6.6
Q3	4.4	3.2	1.4		3.0	3.3	5.1		8.9
Q4	1.6	1.8	89.0		3.9	23.5	-0.2		2.2
2022
Q1	1.9	1.2	-40.0		5.7	-10.7	7.5		-1.4
Q2	3.6	0.4	22.9		6.5	8.0	5.6		6.4
Q3	2.4	-0.7	79.6		4.5	24.2	3.0		0.9
Q4	3.2	10.1	-42.0		0.9	-11.6	1.3		4.2
2023
Q1	3.4	-6.6	-12.9		-1.9	-3.6	-5.0		-9.3

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Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)¹ - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2020)¹ - Seasonally Adjusted									€million
Period	Personal Consumption of Goods and Services	Net Exp. by Central and Local Government on Current Goods and Services	Gross Domestic Fixed Capital Formation	Value of Physical Changes in Stocks	Exports of Goods and Services	Imports of Goods and Services	GDP at Constant Market Prices	Net Factor Income from Rest of World	GNP at Constant Market Prices
2017
Q1	26,054	8,080	17,003	-488	86,107	-64,217	72,886	-14,479	58,407
Q2	25,959	8,119	55,376	1,488	86,771	-102,315	74,187	-15,755	58,432
Q3	26,289	8,276	15,574	2,351	89,996	-63,142	78,097	-14,254	63,843
Q4	26,454	8,370	15,617	34	99,713	-67,259	82,131	-18,856	63,275
2018
Q1	27,074	8,370	16,827	1,501	94,241	-64,991	81,880	-17,090	64,790
Q2	27,377	8,623	18,161	120	99,210	-70,309	83,710	-16,501	67,209
Q3	27,396	8,779	20,310	30	99,949	-73,076	83,961	-17,679	66,282
Q4	27,263	8,555	40,533	-1,153	105,234	-95,176	84,852	-23,495	61,357
2019
Q1	28,116	9,018	19,042	1,560	107,414	-77,078	86,148	-17,725	68,424
Q2	28,152	9,122	60,931	-362	109,489	-120,735	87,622	-19,609	68,013
Q3	27,955	9,406	22,094	991	112,922	-84,730	89,128	-19,947	69,181
Q4	27,778	9,097	88,402	78	117,461	-152,444	90,274	-22,003	68,271
2020
Q1	26,593	9,297	78,038	2,039	119,429	-142,660	92,727	-20,472	72,255
Q2	22,511	10,453	17,655	1,791	114,143	-78,298	87,617	-20,945	66,672
Q3	25,731	10,541	25,103	435	123,543	-84,398	98,748	-30,645	68,103
Q4	24,935	10,582	37,281	227	139,691	-120,049	93,935	-21,546	72,389
2021
Q1	23,300	10,825	18,388	2,066	134,431	-84,794	102,865	-26,927	75,938
Q2	26,296	10,756	19,355	302	141,481	-91,962	104,785	-26,578	78,208
Q3	27,328	10,854	19,564	2,856	143,495	-95,626	108,508	-27,102	81,406
Q4	27,246	11,076	38,979	37	146,807	-117,826	106,890	-22,420	84,471
2022
Q1	27,117	10,962	21,097	4,166	155,460	-101,826	115,285	-31,082	84,203
Q2	27,718	10,906	25,502	1,470	159,956	-107,515	117,752	-31,320	86,432
Q3	27,989	10,832	48,807	2,057	168,466	-136,835	120,747	-37,289	83,458
Q4	28,437	11,126	26,167	1,684	168,513	-118,306	120,572	-32,454	88,119
2023
Q1	28,925	10,732	22,831	2,592	164,944	-115,670	114,994	-33,897	81,097

Percentage change on previous quarter
2017
Q1	0.9	0.0	-45.8		2.6	-15.7	-4.4		-4.2
Q2	-0.4	0.5	225.7		0.8	59.3	1.8		0.0
Q3	1.3	1.9	-71.9		3.7	-38.3	5.3		9.3
Q4	0.6	1.1	0.3		10.8	6.5	5.2		-0.9
2018
Q1	2.3	-0.0	7.7		-5.5	-3.4	-0.3		2.4
Q2	1.1	3.0	7.9		5.3	8.2	2.2		3.7
Q3	0.1	1.8	11.8		0.7	3.9	0.3		-1.4
Q4	-0.5	-2.6	99.6		5.3	30.2	1.1		-7.4
2019
Q1	3.1	5.4	-53.0		2.1	-19.0	1.5		11.5
Q2	0.1	1.2	220.0		1.9	56.6	1.7		-0.6
Q3	-0.7	3.1	-63.7		3.1	-29.8	1.7		1.7
Q4	-0.6	-3.3	300.1		4.0	79.9	1.3		-1.3
2020
Q1	-4.3	2.2	-11.7		1.7	-6.4	2.7		5.8
Q2	-15.4	12.4	-77.4		-4.4	-45.1	-5.5		-7.7
Q3	14.3	0.8	42.2		8.2	7.8	12.7		2.1
Q4	-3.1	0.4	48.5		13.1	42.2	-4.9		6.3
2021
Q1	-6.6	2.3	-50.7		-3.8	-29.4	9.5		4.9
Q2	12.9	-0.6	5.3		5.2	8.5	1.9		3.0
Q3	3.9	0.9	1.1		1.4	4.0	3.6		4.1
Q4	-0.3	2.0	99.2		2.3	23.2	-1.5		3.8
2022
Q1	-0.5	-1.0	-45.9		5.9	-13.6	7.9		-0.3
Q2	2.2	-0.5	20.9		2.9	5.6	2.1		2.6
Q3	1.0	-0.7	91.4		5.3	27.3	2.5		-3.4
Q4	1.6	2.7	-46.4		0.0	-13.5	-0.1		5.6
2023
Q1	1.7	-3.5	-12.7		-2.1	-2.2	-4.6		-8.0
¹Chain linked series not additive

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

Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2017	3,084	2,589	12,746	1,106	22,219	14,370	56,999	98,743
2018	3,651	3,223	14,462	1,386	26,492	17,152	43,526	92,740
2019	4,522	2,880	16,783	1,506	25,935	17,279	142,080	193,706
2020	4,671	2,705	15,435	1,164	18,217	10,173	115,874	158,066
2021	5,142	3,041	16,225	1,473	22,907	11,260	50,409	99,196
2022	8,462	3,484	18,048	1,832	29,371	12,907	72,617	133,814

2017
Q1	635	596	2,465	270	6,120	3,770	5,187	15,272
Q2	697	601	2,700	242	6,387	4,452	42,486	53,113
Q3	889	620	3,436	250	4,009	2,154	5,033	14,238
Q4	864	773	4,144	345	5,702	3,993	4,293	16,120
	3,084	2,589	12,746	1,106	22,219	14,370	56,999	98,743
2018
Q1	759	882	2,715	295	5,660	2,820	5,146	15,456
Q2	920	841	3,174	344	5,913	3,462	6,076	17,269
Q3	1,022	779	4,020	344	6,478	4,299	6,675	19,317
Q4	950	721	4,553	403	8,442	6,571	25,630	40,699
	3,651	3,223	14,462	1,386	26,492	17,152	43,526	92,740
2019
Q1	998	699	3,180	333	6,353	3,618	6,209	17,772
Q2	1,057	683	3,507	341	6,114	4,259	49,281	60,981
Q3	1,304	808	4,656	381	6,203	4,241	8,565	21,917
Q4	1,163	691	5,440	451	7,264	5,161	78,026	93,035
	4,522	2,880	16,783	1,506	25,935	17,279	142,080	193,706
2020
Q1	1,230	491	3,749	376	n/a¹	n/a¹	n/a¹	79,166
Q2	723	550	2,440	193	3,361	1,869	9,993	17,260
Q3	1,226	774	4,373	217	4,846	2,470	12,696	24,131
Q4	1,492	889	4,873	378	n/a¹	n/a¹	n/a¹	37,508
	4,671	2,705	15,435	1,164	18,217	10,173	115,874	158,066
2021
Q1	1,025	517	2,668	339	5,713	2,761	7,814	18,077
Q2	1,257	774	3,224	368	5,825	3,179	8,320	19,770
Q3	1,245	808	4,722	339	4,546	1,386	9,003	20,662
Q4	1,614	941	5,611	426	6,823	3,933	25,272	40,688
	5,142	3,041	16,225	1,473	22,907	11,260	50,409	99,196
2022
Q1	1,717	764	3,571	404	5,873	2,293	10,287	22,616
Q2	2,225	837	3,966	424	8,242	3,205	12,225	27,920
Q3	2,295	904	5,210	574	7,674	3,473	35,155	51,812
Q4	2,224	979	5,301	430	7,582	3,935	14,950	31,465
	8,462	3,484	18,048	1,832	29,371	12,907	72,617	133,814
2023
Q1	2,163	879	4,003	389	8,062	3,148	9,791	25,288

Percentage change on corresponding period of previous year
2017	47.1	17.9	14.3	-3.6	12.5	36.3	-5.8	2.0
2018	18.4	24.5	13.5	25.3	19.2	19.4	-23.6	-6.1
2019	23.9	-10.6	16.0	8.7	-2.1	0.7	226.4	108.9
2020	3.3	-6.1	-8.0	-22.7	-29.8	-41.1	-18.4	-18.4
2021	10.1	12.4	5.1	26.5	25.7	10.7	-56.5	-37.2
2022	64.6	14.6	11.2	24.4	28.2	14.6	44.1	34.9

2017
Q1	34.3	24.6	30.5	3.5	25.4	70.6	-53.1	-19.8
Q2	29.7	6.3	10.0	-7.7	28.1	52.0	173.2	118.1
Q3	58.6	5.4	9.3	-20.3	-13.4	-6.7	-62.8	-37.4
Q4	64.1	36.9	13.3	10.6	8.5	28.9	-78.9	-47.4
2018
Q1	19.5	48.0	10.1	9.5	-7.5	-25.2	-0.8	1.2
Q2	32.1	39.9	17.6	41.9	-7.4	-22.2	-85.7	-67.5
Q3	15.0	25.7	17.0	37.6	61.6	99.6	32.6	35.7
Q4	10.0	-6.7	9.9	17.0	48.0	64.6	497.1	152.5
2019
Q1	31.6	-20.8	17.1	12.8	12.2	28.3	20.7	15.0
Q2	14.8	-18.9	10.5	-0.8	3.4	23.0	711.1	253.1
Q3	27.6	3.7	15.8	10.9	-4.2	-1.3	28.3	13.5
Q4	22.4	-4.1	19.5	11.9	-13.9	-21.5	204.4	128.6
2020
Q1	23.2	-29.8	17.9	12.8	n/a¹	n/a¹	n/a¹	345.4
Q2	-31.6	-19.4	-30.4	-43.3	-45.0	-56.1	-79.7	-71.7
Q3	-6.0	-4.1	-6.1	-43.2	-21.9	-41.8	48.2	10.1
Q4	28.3	28.6	-10.4	-16.1	n/a¹	n/a¹	n/a¹	-59.7
2021
Q1	-16.7	5.4	-28.9	-9.7	n/a¹	n/a¹	n/a¹	-77.2
Q2	74.0	40.7	32.1	90.3	73.3	70.1	-16.7	14.5
Q3	1.5	4.3	8.0	56.6	-6.2	-43.9	-29.1	-14.4
Q4	8.2	5.8	15.2	12.7	n/a¹	n/a¹	n/a¹	8.5
2022
Q1	67.5	47.7	33.9	19.2	2.8	-17.0	31.6	25.1
Q2	76.9	8.1	23.0	15.3	41.5	0.8	46.9	41.2
Q3	84.4	11.9	10.3	69.2	68.8	150.5	290.5	150.8
Q4	37.8	4.0	-5.5	0.9	11.1	0.1	-40.8	-22.7
2023
Q1	25.9	15.2	12.1	-3.7	37.3	37.3	-4.8	11.8
¹Data suppressed for confidentiality reasons

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Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2020)¹ - Non-Seasonally Adjusted

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2020)¹ - Non-Seasonally Adjusted								€million
Period	Dwellings	Improvements	Other Building and Construction	Transfer Costs	Machinery and Equipment	of which Other Transport Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2017	3,434	3,057	15,054	1,261	22,121	14,855	58,347	102,625
2018	4,306	3,540	15,887	1,453	26,282	17,552	43,704	94,250
2019	4,858	2,966	17,281	1,522	25,725	17,496	136,976	189,385
2020	4,671	2,705	15,435	1,164	18,217	10,173	115,874	158,066
2021	4,711	2,743	14,628	1,352	23,082	10,962	49,948	96,465
2022	6,851	2,855	14,636	1,502	28,683	11,984	66,928	121,454

2017
Q1	747	718	2,978	323	6,090	3,911	5,331	16,004
Q2	802	720	3,227	284	6,320	4,604	43,599	55,504
Q3	968	739	4,080	279	3,989	2,223	5,175	14,745
Q4	917	880	4,770	375	5,722	4,116	4,241	16,371
	3,434	3,057	15,054	1,261	22,121	14,855	58,347	102,625
2018
Q1	924	994	3,109	320	5,623	2,896	5,051	15,762
Q2	1,094	930	3,511	363	5,861	3,544	6,037	17,509
Q3	1,190	853	4,401	356	6,394	4,396	6,719	19,556
Q4	1,098	763	4,866	414	8,405	6,716	25,897	41,423
	4,306	3,540	15,887	1,453	26,282	17,552	43,704	94,250
2019
Q1	1,085	750	3,403	340	6,312	3,679	6,173	17,821
Q2	1,142	719	3,689	347	6,033	4,322	48,151	60,314
Q3	1,389	836	4,840	382	6,116	4,296	8,321	21,506
Q4	1,242	662	5,350	453	7,264	5,199	74,331	89,744
	4,858	2,966	17,281	1,522	25,725	17,496	136,976	189,385
2020
Q1	1,243	471	3,690	377	n/a²	n/a²	n/a²	77,178
Q2	725	612	2,620	195	3,361	1,874	9,844	17,212
Q3	1,223	759	4,338	217	4,855	2,474	13,570	24,709
Q4	1,480	862	4,787	375	n/a²	n/a²	n/a²	38,967
	4,671	2,705	15,435	1,164	18,217	10,173	115,874	158,066
2021
Q1	992	486	2,554	328	5,777	2,720	7,463	17,600
Q2	1,189	744	3,065	348	5,868	3,113	7,805	19,019
Q3	1,130	719	4,211	306	4,607	1,347	8,449	19,422
Q4	1,401	794	4,798	369	6,830	3,781	26,232	40,424
	4,711	2,743	14,628	1,352	23,082	10,962	49,948	96,465
2022
Q1	1,438	626	2,971	342	5,829	2,180	8,922	20,128
Q2	1,832	702	3,278	353	8,154	3,014	10,856	25,176
Q3	1,828	736	4,173	463	7,419	3,210	34,019	48,638
Q4	1,752	790	4,215	344	7,281	3,581	13,131	27,513
	6,851	2,855	14,636	1,502	28,683	11,984	66,928	121,454
2023
Q1	1,721	678	3,080	314	7,644	2,803	8,408	21,845

Percentage change on corresponding period of previous year
2017	42.2	11.3	7.9	-11.9	11.2	34.4	-7.8	-0.7
2018	25.4	15.8	5.5	15.2	18.8	18.2	-25.1	-8.2
2019	12.8	-16.2	8.8	4.7	-2.1	-0.3	213.4	100.9
2020	-3.8	-8.8	-10.7	-23.5	-29.2	-41.9	-15.4	-16.5
2021	0.8	1.4	-5.2	16.2	26.7	7.8	-56.9	-39.0
2022	45.4	4.1	0.1	11.1	24.3	9.3	34.0	25.9

2017
Q1	37.4	17.4	22.4	-4.1	23.8	68.6	-53.8	-21.5
Q2	32.1	1.7	4.3	-15.4	25.6	49.9	162.3	110.3
Q3	47.6	-1.6	2.3	-27.6	-14.8	-8.2	-64.0	-39.9
Q4	50.9	29.9	7.4	0.3	8.6	27.0	-79.6	-48.8
2018
Q1	23.7	38.4	4.4	-1.0	-7.7	-26.0	-5.3	-1.5
Q2	36.5	29.1	8.8	27.9	-7.3	-23.0	-86.2	-68.5
Q3	22.9	15.4	7.9	27.6	60.3	97.7	29.8	32.6
Q4	19.8	-13.2	2.0	10.4	46.9	63.2	510.7	153.0
2019
Q1	17.5	-24.6	9.5	6.5	12.3	27.1	22.2	13.1
Q2	4.4	-22.7	5.1	-4.6	2.9	22.0	697.5	244.5
Q3	16.8	-2.1	10.0	7.3	-4.3	-2.3	23.8	10.0
Q4	13.1	-13.3	9.9	9.3	-13.6	-22.6	187.0	116.7
2020
Q1	14.5	-37.2	8.4	10.9	n/a²	n/a²	n/a²	333.1
Q2	-36.5	-14.8	-29.0	-43.9	-44.3	-56.6	-79.6	-71.5
Q3	-11.9	-9.2	-10.4	-43.3	-20.6	-42.4	63.1	14.9
Q4	19.1	30.3	-10.5	-17.2	n/a²	n/a²	n/a²	-56.6
2021
Q1	-20.2	3.1	-30.8	-13.0	n/a²	n/a²	n/a²	-77.2
Q2	63.8	21.5	17.0	79.1	74.6	66.1	-20.7	10.5
Q3	-7.6	-5.2	-2.9	41.2	-5.1	-45.6	-37.7	-21.4
Q4	-5.4	-8.0	0.2	-1.6	n/a²	n/a²	n/a²	3.7
2022
Q1	45.1	28.9	16.3	4.3	0.9	-19.9	19.5	14.4
Q2	54.1	-5.6	6.9	1.3	39.0	-3.2	39.1	32.4
Q3	61.7	2.3	-0.9	51.3	61.1	138.3	302.7	150.4
Q4	25.1	-0.4	-12.2	-7.0	6.6	-5.3	-49.9	-31.9
2023
Q1	19.6	8.3	3.7	-8.4	31.1	28.6	-5.8	8.5
¹Chain linked series not additive
²Data suppressed for confidentiality reasons

Open in Excel: Quarterly National Accounts Q1 2023 Table 3.7 (XLS 19KB)

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Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2020)¹ - 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 2020)¹ - Seasonally Adjusted								€million
	CURRENT MARKET PRICES				CONSTANT MARKET PRICES
Period	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation	All Building and Construction (including Dwellings, Improvements, other B&C and Transfer Costs)²	Machinery and Equipment	Intangible Assets	Gross Domestic Fixed Capital Formation
2017
Q1	4,594	6,088	5,138	15,820	5,527	6,056	5,420	17,003
Q2	4,616	6,209	42,487	53,312	5,480	6,041	43,855	55,376
Q3	4,881	4,511	5,096	14,488	5,652	4,567	5,355	15,574
Q4	5,332	5,373	4,277	14,982	6,082	5,613	3,922	15,617
2018
Q1	5,393	5,661	5,097	16,151	6,182	5,451	5,194	16,827
Q2	5,717	5,776	6,077	17,570	6,463	5,492	6,207	18,161
Q3	5,799	6,961	6,747	19,507	6,314	7,071	6,925	20,310
Q4	5,723	8,064	25,613	39,400	6,215	8,328	25,990	40,533
2019
Q1	6,045	6,294	6,164	18,503	6,535	6,214	6,293	19,042
Q2	6,139	6,117	49,282	61,538	6,538	5,833	48,559	60,931
Q3	6,735	6,637	8,629	22,001	6,864	6,742	8,488	22,094
Q4	6,610	6,849	78,012	91,472	6,613	7,014	74,775	88,402
2020
Q1	6,884	n/a³	n/a³	80,064	6,876	n/a³	n/a³	78,038
Q2	4,295	3,443	9,995	17,732	4,632	3,103	9,921	17,655
Q3	6,181	5,275	12,767	24,222	5,985	5,455	13,664	25,103
Q4	6,589	n/a³	n/a³	36,031	6,484	n/a³	n/a³	37,281
2021
Q1	5,359	5,615	7,767	18,741	5,190	5,731	7,467	18,388
Q2	6,129	5,934	8,322	20,385	5,907	5,629	7,819	19,355
Q3	6,594	5,016	9,061	20,671	5,807	5,279	8,478	19,564
Q4	7,461	6,352	25,261	39,074	6,365	6,418	26,197	38,979
2022
Q1	7,529	5,674	10,228	23,432	6,367	5,804	8,926	21,097
Q2	8,105	8,463	12,227	28,795	6,739	7,891	10,872	25,502
Q3	8,276	8,226	35,217	51,719	6,600	8,161	34,047	48,807
Q4	7,968	7,095	14,934	29,998	6,246	6,835	13,086	26,167
2023
Q1	8,557	7,846	9,737	26,139	6,790	7,628	8,412	22,831

Percentage change on previous quarter
2017
Q1	4.5	22.6	-74.7	-46.7	3.5	18.1	-74.1	-45.8
Q2	0.5	2.0	726.9	237.0	-0.9	-0.2	709.1	225.7
Q3	5.7	-27.3	-88.0	-72.8	3.1	-24.4	-87.8	-71.9
Q4	9.3	19.1	-16.1	3.4	7.6	22.9	-26.8	0.3
2018
Q1	1.1	5.4	19.2	7.8	1.6	-2.9	32.4	7.7
Q2	6.0	2.0	19.2	8.8	4.5	0.7	19.5	7.9
Q3	1.4	20.5	11.0	11.0	-2.3	28.8	11.6	11.8
Q4	-1.3	15.8	279.6	102.0	-1.6	17.8	275.3	99.6
2019
Q1	5.6	-21.9	-75.9	-53.0	5.1	-25.4	-75.8	-53.0
Q2	1.6	-2.8	699.5	232.6	0.0	-6.1	671.6	220.0
Q3	9.7	8.5	-82.5	-64.2	5.0	15.6	-82.5	-63.7
Q4	-1.9	3.2	804.1	315.8	-3.7	4.0	780.9	300.1
2020
Q1	4.1	n/a³	n/a³	-12.5	4.0	n/a³	n/a³	-11.7
Q2	-37.6	n/a³	n/a³	-77.9	-32.6	n/a³	n/a³	-77.4
Q3	43.9	53.2	27.7	36.6	29.2	75.8	37.7	42.2
Q4	6.6	n/a³	n/a³	48.8	8.3	n/a³	n/a³	48.5
2021
Q1	-18.7	n/a³	n/a³	-48.0	-20.0	n/a³	n/a³	-50.7
Q2	14.4	5.7	7.1	8.8	13.8	-1.8	4.7	5.3
Q3	7.6	-15.5	8.9	1.4	-1.7	-6.2	8.4	1.1
Q4	13.2	26.7	178.8	89.0	9.6	21.6	209.0	99.2
2022
Q1	0.9	-10.7	-59.5	-40.0	0.0	-9.6	-65.9	-45.9
Q2	7.6	49.1	19.5	22.9	5.9	36.0	21.8	20.9
Q3	2.1	-2.8	188.0	79.6	-2.1	3.4	213.2	91.4
Q4	-3.7	-13.7	-57.6	-42.0	-5.4	-16.2	-61.6	-46.4
2023
Q1	7.4	10.6	-34.8	-12.9	8.7	11.6	-35.7	-12.7
¹Chain linked series not additive
²The results are aggregated to this level as some of the components, individually, do not have identifiable seasonality present
³Data suppressed for confidentiality reasons