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GDP by Sector

GDP by Sector

Decrease of 4.6% in GDP (seasonally adjusted) in Quarter 1

Online ISSN: 2009-5775
CSO statistical release, , 11am
Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q1 20232
 Amount €mQuarterly % change
Industry (excl. Construction)44,258-18.2
Information and Communication20,4664.0
Professional, Admin and Support Services10,120-0.2
Public Admin, Education and Health9,8121.1
Distribution, Transport, Hotels and Restaurants9,4102.7
Real Estate Activities5,9680.5
Financial and Insurance Activities5,2858.3
Construction2,43012.0
Arts, Entertainment and Other Services1,042-15.3
Agriculture, Forestry and Fishing92215.9
Gross Domestic Product114,994-4.6
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).

Column1Q1 2023Q4 2022
Industry (excl. Construction)44.25774742554.112411724
Information and Communication20.46552446819.687811421
Professional, Admin and Support Services10.11996629810.142846283
Public Admin, Education and Health9.8124074779.701016123
Distribution, Transport, Hotels and Restaurants9.4096693979.160339158
Real Estate Activities5.9675125785.937260343
Financial and Insurance Activities5.2847308754.880359289
Construction2.4303909222.170054575
Arts, Entertainment and Other Services1.0415361551.229873062
Agriculture Forestry and Fishing0.9221003240.795837346

Get the data: NAQ02

Column1Q1 2023
Industry (excl. Construction)-18.2114675451238
Arts, Entertainment & Other Services-15.3135240391175
Professional, Admin & Support Services-0.225577558425094
Real Estate Activities0.50953189269638
Public Admin, Education & Health1.14824418996589
Distribution, Transport, Hotels & Restaurants2.72184506162363
Information & Communication3.95022600719577
Financial & Insurance Activities8.28569295935704
Construction11.996764966153
Agriculture, Forestry & Fishing15.8654250940367
Agriculture, Forestry & FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels & RestaurantsInformation & CommunicationFinancial & Insurance ActivitiesReal Estate ActivitiesProfessional, Admin & Support ServicesPublic Admin, Education & HealthArts, Entertainment & Other Services
Q1 2020100100100100100100100100100100
Q2 2020100.983027128746104.06521785166368.803573251366359.203841103777991.663924324811495.712278455792593.549494845426997.732964567909491.600316049398562.0218819618919
Q3 202089.7706917486705105.18256509072888.016323574833585.2197985263697124.8230366420494.749225290433596.0514371055851102.27324522660197.327009360070663.9529091467351
Q4 2020101.756388259448109.72331249962495.271801378811684.2894422749821100.48818493886797.8167420663759101.559060290966102.01010413447897.539019610680365.9826283381656
Q1 202196.9789461724448126.09192071347775.396711057562277.1881724451207115.280768132462110.890394832154102.59103534800998.00515047096398.140658172528666.6899022790114
Q2 202191.9959437999937124.63876429989684.025941386779884.2651957600109115.5411102414110.588615526443103.83204145318999.993821625091599.11664361786969.4020016212667
Q3 2021105.469649526295134.28140192817887.365619867034188.4788128339601124.104402770569114.905744291807104.414194025115102.2824105856100.27853822674474.5497224949607
Q4 202199.5075787500192122.65929599251994.422723312952491.2825738900574132.952938485398118.632774748869106.245277358592104.124866446293100.73140026291184.8660453075211
Q1 202299.1482779437002140.83327929520496.40489940313191.9820603841465134.950585620363119.30793428852107.563249524251106.158281176234100.41752503598283.1774130720393
Q2 2022102.5991458753147.708499106077100.21735289494795.759757274191141.853410939833119.995977920851109.092280877026105.526919678414101.80677400670593.2556578416303
Q3 2022111.299834849123163.179528934122100.35917439863495.4404164807934129.677840732308114.13734124991109.862071164663102.52899879718102.31196902365695.2052078705821
Q4 202289.9141281059247172.20369177389393.31558640793897.5729582243398136.476450407687118.614559542996109.105966763117101.041279859924103.066705149854102.691377005909
Q1 2023104.179386749526140.842872334986104.510437986086100.228742969249141.867578645389128.442597751823109.66189646061100.813353407815104.25016260352686.9657083020085

Comparisons with Q1 2022

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).

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 2020)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 2020)2 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q1 2023 Updates Tables (XLS 61KB)