Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20232 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 44,258 | -18.2 |
Information and Communication | 20,466 | 4.0 |
Professional, Admin and Support Services | 10,120 | -0.2 |
Public Admin, Education and Health | 9,812 | 1.1 |
Distribution, Transport, Hotels and Restaurants | 9,410 | 2.7 |
Real Estate Activities | 5,968 | 0.5 |
Financial and Insurance Activities | 5,285 | 8.3 |
Construction | 2,430 | 12.0 |
Arts, Entertainment and Other Services | 1,042 | -15.3 |
Agriculture, Forestry and Fishing | 922 | 15.9 |
Gross Domestic Product | 114,994 | -4.6 |
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 2020, seasonally adjusted. |
The MNE dominated sectors of the economy contracted by 15.7% overall in the first quarter of 2023. The MNE dominated Industry (excluding Construction) sector recorded a significant decrease in Q1 compared with the previous quarter, falling by 18.2% which outweighed the growth in the Information & Communication sector of 4.0%. The domestically facing Construction sector increased strongly by 12.0% quarter-on-quarter while the Agriculture, Forestry & Fishing sector expanded by 15.9% over the period compared with Q4 2022. The Finance & Insurance sector increased by 8.3% in Q1 while the Distribution, Transport, Hotels & Restaurants sector grew by 2.7% in the quarter. The Arts & Entertainment sector recorded a marked decline of 15.3% in Q1 while Professional & Administrative services fell by a modest 0.2% over the same period. The domestically dominated Public Administration, Education & Health sector posted a 1.1% increase in Q1 2023 with the Real Estate sector recording a modest increase of 0.5% quarter-on-quarter. (See Tables 2.5 and 6.3).
Column1 | Q1 2023 | Q4 2022 |
---|---|---|
Industry (excl. Construction) | 44.257747425 | 54.112411724 |
Information and Communication | 20.465524468 | 19.687811421 |
Professional, Admin and Support Services | 10.119966298 | 10.142846283 |
Public Admin, Education and Health | 9.812407477 | 9.701016123 |
Distribution, Transport, Hotels and Restaurants | 9.409669397 | 9.160339158 |
Real Estate Activities | 5.967512578 | 5.937260343 |
Financial and Insurance Activities | 5.284730875 | 4.880359289 |
Construction | 2.430390922 | 2.170054575 |
Arts, Entertainment and Other Services | 1.041536155 | 1.229873062 |
Agriculture Forestry and Fishing | 0.922100324 | 0.795837346 |
Get the data: NAQ02
Column1 | Q1 2023 |
---|---|
Industry (excl. Construction) | -18.2114675451238 |
Arts, Entertainment & Other Services | -15.3135240391175 |
Professional, Admin & Support Services | -0.225577558425094 |
Real Estate Activities | 0.50953189269638 |
Public Admin, Education & Health | 1.14824418996589 |
Distribution, Transport, Hotels & Restaurants | 2.72184506162363 |
Information & Communication | 3.95022600719577 |
Financial & Insurance Activities | 8.28569295935704 |
Construction | 11.996764966153 |
Agriculture, Forestry & Fishing | 15.8654250940367 |
Agriculture, Forestry & Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels & Restaurants | Information & Communication | Financial & Insurance Activities | Real Estate Activities | Professional, Admin & Support Services | Public Admin, Education & Health | Arts, Entertainment & Other Services | |
Q1 2020 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Q2 2020 | 100.983027128746 | 104.065217851663 | 68.8035732513663 | 59.2038411037779 | 91.6639243248114 | 95.7122784557925 | 93.5494948454269 | 97.7329645679094 | 91.6003160493985 | 62.0218819618919 |
Q3 2020 | 89.7706917486705 | 105.182565090728 | 88.0163235748335 | 85.2197985263697 | 124.82303664204 | 94.7492252904335 | 96.0514371055851 | 102.273245226601 | 97.3270093600706 | 63.9529091467351 |
Q4 2020 | 101.756388259448 | 109.723312499624 | 95.2718013788116 | 84.2894422749821 | 100.488184938867 | 97.8167420663759 | 101.559060290966 | 102.010104134478 | 97.5390196106803 | 65.9826283381656 |
Q1 2021 | 96.9789461724448 | 126.091920713477 | 75.3967110575622 | 77.1881724451207 | 115.280768132462 | 110.890394832154 | 102.591035348009 | 98.005150470963 | 98.1406581725286 | 66.6899022790114 |
Q2 2021 | 91.9959437999937 | 124.638764299896 | 84.0259413867798 | 84.2651957600109 | 115.5411102414 | 110.588615526443 | 103.832041453189 | 99.9938216250915 | 99.116643617869 | 69.4020016212667 |
Q3 2021 | 105.469649526295 | 134.281401928178 | 87.3656198670341 | 88.4788128339601 | 124.104402770569 | 114.905744291807 | 104.414194025115 | 102.2824105856 | 100.278538226744 | 74.5497224949607 |
Q4 2021 | 99.5075787500192 | 122.659295992519 | 94.4227233129524 | 91.2825738900574 | 132.952938485398 | 118.632774748869 | 106.245277358592 | 104.124866446293 | 100.731400262911 | 84.8660453075211 |
Q1 2022 | 99.1482779437002 | 140.833279295204 | 96.404899403131 | 91.9820603841465 | 134.950585620363 | 119.30793428852 | 107.563249524251 | 106.158281176234 | 100.417525035982 | 83.1774130720393 |
Q2 2022 | 102.5991458753 | 147.708499106077 | 100.217352894947 | 95.759757274191 | 141.853410939833 | 119.995977920851 | 109.092280877026 | 105.526919678414 | 101.806774006705 | 93.2556578416303 |
Q3 2022 | 111.299834849123 | 163.179528934122 | 100.359174398634 | 95.4404164807934 | 129.677840732308 | 114.13734124991 | 109.862071164663 | 102.52899879718 | 102.311969023656 | 95.2052078705821 |
Q4 2022 | 89.9141281059247 | 172.203691773893 | 93.315586407938 | 97.5729582243398 | 136.476450407687 | 118.614559542996 | 109.105966763117 | 101.041279859924 | 103.066705149854 | 102.691377005909 |
Q1 2023 | 104.179386749526 | 140.842872334986 | 104.510437986086 | 100.228742969249 | 141.867578645389 | 128.442597751823 | 109.66189646061 | 100.813353407815 | 104.250162603526 | 86.9657083020085 |
Provisional estimates for the first quarter of 2023 indicate that there was a modest decrease of 0.2% in GDP in real terms in Q1 2023 compared with Q1 2022. Gross Value Added (GVA) for the MNE-dominated sectors was broadly unchanged in Q1 2023 compared with Q1 2022. The Information & Communication sector increased by 5.3% in Q1 compared with the equivalent quarter of 2022 while the Industry (excluding Construction) sector declined by a modest 0.4% year-on-year over the same period. Of the domestic based economic sectors, Construction and Distribution, Transport, Hotels & Restaurants posted strong results, increasing by 10.0% and 9.2% respectively compared with the same quarter of 2022 while Financial & Insurance activities rose by 6.0% in Q1 2023 compared with Q1 2022. Year-on-year increases were also recorded in Agriculture, Forestry and Fishing (5.6%), the Arts & Entertainment sector (4.3%), Public Administration, Education & Health (3.8%) and Real Estate activities (1.9%). The Professional & Administrative Services sector contracted by 4.8% year-on-year in Q1 2023. Overall, the domestic based sectors grew by 2.0% year-on-year in the first quarter of 2023 compared with Q1 2022. (See Tables 2.3 and 6.2).
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2023 Updates Tables (XLS 61KB)
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