Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q3 20212 | ||
Amount €m | Quarterly % change | |
Industry (excl. Construction) | 48,707 | 7.4 |
Information and Communication | 16,438 | -0.2 |
Professional, Admin and Support Services | 9,496 | 3.4 |
Public Admin, Education and Health | 9,121 | 0.3 |
Distribution, Transport, Hotels and Restaurants | 8,297 | 5.1 |
Real Estate Activities | 5,179 | -0.2 |
Financial and Insurance Activities | 3,732 | -2.7 |
Construction | 1,844 | 5.1 |
Agriculture, Forestry and Fishing | 936 | 23.8 |
Arts, Entertainment and Other Services | 917 | -1.1 |
Gross Domestic Product | 110,258 | 0.9 |
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 Industry (excluding Construction) sector recorded strong growth in Q3 compared with the previous quarter, an increase of 7.4%. The domestically dominated Distribution, Transport, Hotels & Restaurants sector increased by 5.1% following the further easing of COVID restrictions during the quarter. The Agriculture sector increased by 23.8% over the period compared with Q2 2021 while the Construction sector grew by 5.1% over the same period. Growth also took place in Professional & Administrative services (3.4%) and Public Administration, Education & Health (0.3%). The MNE dominated Information & Communication sector declined by 0.2% in Q3 2021 while quarter-on-quarter decreases were recorded in Finance & Insurance (2.7%), Real Estate (0.2%) and Arts & Entertainment (1.1%), (See Table 2.5)
Comparisons with Q3 2020
Estimates for the third quarter of 2021 indicate that there was an increase of 11.4% in GDP in real terms in Q3 2021 compared with Q3 2020. The Industry (excluding Construction) sector made the most positive contribution to the Q3 result, rising by 33.7% year-on-year with the Agriculture sector growing by 21.5% and Arts & Entertainment by 22.2%. Distribution, Transport, Hotels & Restaurants exhibited an increase of 8.1% compared with the same quarter of 2020 while Professional & Administrative Services and Financial & Insurance activities grew by 7.4% and 7.2% respectively. Year-on-year increases were also recorded in Real Estate activities (4.6%) and Public Administration, Education & Health (3.8%). Construction exhibited a decline of 6.1% year-on-year while the MNE-dominated Information & Communication declined by 3.6% over the same period, (See Table 2.3)
Q3 2021 | Q2 2021 | |
Industry (excl. Construction) | 48.706743413 | 45.33324194 |
Information and Communication | 16.437782716 | 16.473092006 |
Professional, Admin and Support Services | 9.496148642 | 9.184437841 |
Public Admin, Education and Health | 9.121350929 | 9.092704353 |
Distribution, Transport, Hotels and Restaurants | 8.297462536 | 7.898412777 |
Real Estate Activities | 5.179243042 | 5.192120902 |
Financial and Insurance Activities | 3.732485008 | 3.835049789 |
Construction | 1.844179153 | 1.755109252 |
Agriculture Forestry and Fishing | 0.935725108 | 0.756123138 |
Arts, Entertainment and Other Services | 0.917341953 | 0.927713909 |
Get the data: NQQ47
Column1 | Q3 2021 |
---|---|
Financial and Insurance Activities | -2.67440546128461 |
Arts, Entertainment and Other Services | -1.11801234188459 |
Real Estate Activities | -0.248026967073112 |
Information and Communication | -0.214345248524905 |
Public Admin, Education and Health | 0.315050120270866 |
Professional, Admin and Support Services | 3.39390179776164 |
Distribution, Transport, Hotels and Restaurants | 5.05227784703812 |
Construction | 5.07489211275607 |
Industry (excl. Construction) | 7.44156236932036 |
Agriculture Forestry and Fishing | 23.7530054264786 |
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 | 106.064451350027 | 105.641257878861 | 103.064216251105 | 99.2167670989758 | 116.387982125607 | 96.1372905601146 | 101.033271247719 | 101.713321008815 | 99.6850126374351 | 98.0968438463375 |
Q3 2019 | 100.462319368602 | 109.471468267456 | 111.381083487583 | 97.4139582811447 | 110.210876277531 | 102.300752424651 | 102.524433252414 | 99.7730793764064 | 100.919488957937 | 99.0731539174956 |
Q4 2019 | 118.188589774022 | 110.030325942729 | 105.403427225661 | 97.1804779748987 | 112.574872122617 | 101.352353815549 | 100.518112557011 | 99.6635197095483 | 101.858093370265 | 94.1795984664895 |
Q1 2020 | 105.247347881031 | 124.989213206849 | 101.940869635669 | 96.2868745123063 | 120.119227778505 | 93.7736690636665 | 101.773674550293 | 94.5743506751643 | 102.529696631315 | 93.7370638529294 |
Q2 2020 | 105.945680923353 | 126.187373627324 | 71.6172796349217 | 59.4848482524742 | 112.359667518922 | 95.2050622604272 | 96.6557216123699 | 87.1191002757388 | 99.3053780879743 | 66.1898766098228 |
Q3 2020 | 103.169531213192 | 130.426874806775 | 97.7357830370347 | 79.9926101209574 | 145.412377924479 | 88.9621357447169 | 98.6175337398446 | 90.9999734610499 | 100.571985575676 | 65.2581528327823 |
Q4 2020 | 102.506270997065 | 137.848637477001 | 105.816592675518 | 82.1907973789106 | 117.697148373011 | 89.9698593755931 | 101.537071911485 | 90.8719865871366 | 101.217929814311 | 66.6599083366756 |
Q1 2021 | 102.598262217099 | 152.590467348706 | 72.5117908650037 | 79.5498839892151 | 133.65815924231 | 93.1793141516257 | 102.451329103629 | 90.7601383320862 | 101.350028299783 | 77.9961020782125 |
Q2 2021 | 100.124499369649 | 161.149367886432 | 87.5906757216353 | 82.373781222672 | 140.351573496639 | 96.1237387927761 | 103.642642638423 | 94.4683463315338 | 104.042039944315 | 80.6197342717806 |
Q3 2021 | 123.907077138157 | 173.141398605467 | 92.0358080153423 | 86.5355335231527 | 140.050736567619 | 93.5530002729112 | 103.385580935293 | 97.6745092359954 | 104.369824516292 | 79.7183956926275 |
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q3 2021 Updates Tables (XLS 55KB)
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