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Table 3.1 Expenditure Components of GDP1, Q2 20242 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 36,229 | 1.1 |
Net Expenditure by Central and Local Government on Current Goods and Services | 13,029 | 1.5 |
Gross Domestic Fixed Capital Formation | 8,290 | -65.1 |
Net Exports | 61,572 | |
Exports of Goods and Services | 196,301 | 12.1 |
Less Imports of Goods and Services | -134,729 | 4.7 |
Gross Domestic Product | 119,216 | -1.0 |
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 2022 and seasonally adjusted. |
On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €16.5 billion in Q2 compared with the previous quarter and accounted for 15.1% of total domestic demand in Q2 2024.
Personal Consumption Expenditure increased by 1.1% in Q2 2024 compared to Q1 2024, while Government expenditure increased by 1.5% over the same period. There was an overall decrease in real GDP of 1.0%.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2022 | 32.272823647 | 11.899635149 | 23.785113209 | 1.572377614 | 56.08453576 | 125.99472683 |
Q2 2022 | 33.64423708 | 12.159418839 | 27.28004514 | 3.935238354 | 53.19890433 | 129.22214983 |
Q3 2022 | 34.146118004 | 12.268651373 | 29.948469542 | 3.279906864 | 52.69337756 | 132.87092016 |
Q4 2022 | 34.55152885 | 12.266776954 | 29.483460695 | -0.121692971 | 53.71113401 | 132.90480863 |
Q1 2023 | 34.844520399 | 12.329199921 | 24.780707913 | 2.629643868 | 52.84781261 | 125.56711424 |
Q2 2023 | 35.750483788 | 12.531250392 | 24.65101469 | 5.410557154 | 43.73105072 | 124.25945553 |
Q3 2023 | 34.778564895 | 12.850318725 | 24.28779571 | 4.038822427 | 43.83813571 | 121.83883776 |
Q4 2023 | 35.8217018 | 12.935826623 | 39.856713902 | 3.205804148 | 26.12257717 | 119.78875191 |
Q1 2024 | 35.829149491 | 12.834489146 | 23.757132517 | 1.429879086 | 46.48165473 | 120.46404833 |
Q2 2024 | 36.229366903 | 13.029036148 | 8.2897540426 | 0.444475169 | 61.57207049 | 119.21566618 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2022 | 7.8192835419 | 6.0244641323 | 9.9413655351 | 23.785113209 |
Q2 2022 | 8.0985327482 | 6.997943561 | 12.183568831 | 27.28004514 |
Q3 2022 | 7.9898737588 | 7.1255502622 | 14.833045521 | 29.948469542 |
Q4 2022 | 7.5511426761 | 6.506239353 | 15.426078666 | 29.483460695 |
Q1 2023 | 8.1530628192 | 6.8220827282 | 9.8055623658 | 24.780707913 |
Q2 2023 | 7.6905658163 | 6.9624255715 | 9.9980233024 | 24.65101469 |
Q3 2023 | 7.7157451338 | 6.5018232095 | 10.070227367 | 24.28779571 |
Q4 2023 | 7.6237639737 | 6.3629473521 | 25.870002577 | 39.856713902 |
Q1 2024 | 7.4195132185 | 5.9561547731 | 10.381464525 | 23.757132517 |
Q2 2024 | 7.3587162968 | 6.8737379009 | -5.942700155 | 8.2897540426 |
Get the data: NAQ04
On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by €21.1 billion compared to the same quarter of 2023. Personal Consumption showed an increase of 1.3% while Government expenditure grew by 4.1% over the same period. Exports of Goods and Services increased by 18.4% (or €30.3 billion) while Imports of Goods and Services increased by 10.5% (or €12.7 billion) over the same period. Net Exports therefore increased by 40.6% (or €17.5 billion) year-on-year.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q2 2024 Updates Tables (XLS 52KB)
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