Back to Top

 Skip navigation

GDP by Sector

GDP by Sector

Decrease of 1.9% in GDP (seasonally adjusted) in Quarter 3

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 2.1 Gross Domestic Product1 by Nace Rev. 2 A10 Sector of Origin, Q3 20232
 Amount €mQuarterly % change
Industry (excl. Construction)42,612-3.5
Information and Communication22,4813.1
Professional, Admin and Support Services11,057-0.3
Public Admin, Education and Health11,0101.9
Distribution, Transport, Hotels and Restaurants10,081-1.2
Real Estate Activities6,4441.3
Financial and Insurance Activities4,410-8.5
Construction2,326-1.2
Agriculture, Forestry and Fishing1,050-15.4
Arts, Entertainment and Other Services1,003-1.9
Gross Domestic Product115,160-1.9
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 2021, seasonally adjusted.

The MNE dominated sectors of the economy decreased by 3.8% overall in the third quarter of 2023. The MNE dominated Information & Communication sector recorded an increase of 3.1% in Q3 compared with the previous quarter, while in contrast the Industry (excluding Construction) sector fell by 3.5% in the quarter. The domestically facing Distribution, Transport, Hotels & Restaurants sector and the Construction sector both decreased by 1.2% quarter-on-quarter while the Agriculture, Forestry & Fishing sector posted a significant fall of 15.4% over the period compared with Q2 2023. Finance & Insurance contracted by 8.5% in Q3 while Professional & Administrative services declined by 0.3% in the quarter. The domestically dominated Public Administration, Education & Health sector posted an increase of 1.9% quarter-on-quarter in Q3 2023 while the Real Estate sector expanded by 1.3%. The Arts & Entertainment sector recorded a decline of 1.9% over the same period. (See Tables 2.5 and 6.3). Looking at first nine months results for 2023 compared with the equivalent period in 2022, the MNE dominated sectors contracted by 2.7% over the nine-month period while the Domestic-facing sectors grew by 4.0%. (See Table 6.2)

Column1Q3 2023Q2 2023
Industry (excl. Construction)42.61152935444.155133148
Information and Communication22.48129731821.810623696
Professional, Admin and Support Services11.05710943311.095302589
Public Admin, Education and Health11.01016707810.808506022
Distribution, Transport, Hotels and Restaurants10.08062955210.198351765
Real Estate Activities6.4443492746.362183728
Financial and Insurance Activities4.4101514134.818075031
Construction2.3260245862.354046918
Agriculture Forestry and Fishing1.0500677381.240857483
Arts, Entertainment and Other Services1.0030123191.022116845

Get the data: NAQ02

Column1Q3 2023
Agriculture, Forestry & Fishing-15.3756372197338
Financial & Insurance Activities-8.46652688833979
Industry (excl. Construction)-3.49586488353715
Arts, Entertainment & Other Services-1.86911370196623
Construction-1.19038969808672
Distribution, Transport, Hotels & Restaurants-1.15432587257888
Professional, Admin & Support Services-0.344228160463744
Real Estate Activities1.29146767073685
Public Admin, Education & Health1.86576253544692
Information & Communication3.07498598549019
Agriculture, Forestry & FishingIndustry (excl. Construction)ConstructionDistribution, Transport, Hotels & RestaurantsInformation & CommunicationFinancial & Insurance ActivitiesReal Estate ActivitiesProfessional, Admin & Support ServicesPublic Admin, Education & HealthArts, Entertainment & Other Services
Q1 2021100100100100100100100100100100
Q2 202194.608822498031998.9875026928307115.878643838354108.673587462709104.83059450508299.0566530858341101.08881296711198.1012218180008101.048878753853104.102699908071
Q3 2021109.574246766717108.385939332955119.030930643928114.597791155549104.57551867275999.0050646480001101.43681875766298.1254490272563102.451752574551109.328440528443
Q4 2021107.33408113026295.3915821239033132.424714838547119.365839448414117.05549845223597.8862334565858104.14508672747197.1184049146284103.941958095114132.584712641828
Q1 2022109.796586019397113.072821349194118.038988675884121.262918866333109.38239403479495.1797416278133104.33892055890499.4917584414262106.331282885489108.782113650128
Q2 2022103.584867463302111.681651397835124.926582910097131.084624013649114.7351045257191.0696017470589105.93683218587399.8535980008267108.107447938563121.270374199102
Q3 2022117.190300986277125.79863764889124.490264461972131.871958562479118.18957395109789.7170954211352106.66373434094299.0266500206046108.331934496866121.374410894789
Q4 2022106.557315793568127.239276863671119.604700716344133.193223602867114.91579221950691.9275151256128106.97699050833599.2582052551226109.668270531239143.513705085109
Q1 2023111.746288503432109.547629747129121.918352526583134.274969692149120.52255406892998.6088277928755107.1711251527697.0980785056713110.388228292667110.621769167399
Q2 2023118.267996871041112.935291989027117.818254969056136.460105171434122.923465144745103.749860362733107.397728694046103.430659933684111.633486253463109.580361208892
Q3 2023100.083538725104108.987226775263116.415758599439134.884910871692126.70334447082594.9658505385074108.784735639236103.074622475639113.716302016993107.532179662872

Comparisons with Q3 2022

Estimates for the third quarter of 2023 indicate that there was a fall of 5.8% in GDP in real terms in Q3 2023 compared with Q3 2022. Gross Value Added (GVA) for the MNE-dominated sectors contracted by 8.9% in Q3 2023 compared with Q3 2022. The Information & Communication sector increased by 7.5% in Q3 compared with the equivalent quarter of 2022 while the Industry (excluding Construction) sector fell by 13.2% year-on-year over the same period.

Of the domestic based economic sectors, Agriculture, Forestry & Fishing sector posted a significant fall, contracting by 14.3% year-on-year, while Construction activity fell by 6.0% compared with the same quarter of 2022. Distribution, Transport, Hotels & Restaurants rose by 1.8% in Q3 2023 compared with Q3 2022. Of the Service sectors, Public Administration, Education & Health recorded the strongest growth rising by 5.1% in Q3 2023 compared with Q3 2022. Modest year-on-year increases were recorded in the Professional & Administrative Services sector (4.1%), Financial & Insurance activities (3.9%) and in Real Estate activities (2.0%). The Arts & Entertainment sector contracted by 13.1% year-on-year in Q3 2023. Overall, the domestic based sectors grew by 2.7% year-on-year in the third quarter of 2023 compared with Q3 2022. (See Tables 2.3 and 6.2).

Looking at the year-on-year results for the first nine months of 2023, the Information & Communication sector expanded by 8.1% in the nine-month period compared with the equivalent period in 2022 while Financial & Insurance activities rose by 6.7%. Distribution, Transport, Hotels & Restaurants expanded by 5.6% over the period while Public Administration, Education & Health grew by 4.0%. Real Estate activities, the Professional & Administrative Services sector and the Agriculture, Forestry & Fishing sectors each recorded modest increases of 2.0%, 1.8% and 0.4% respectively over the period. Contractions were recorded in the first nine months of 2023 in Industry (5.6%), Construction (3.1%) and in the Arts & Entertainment sector (7.6%).

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 2021)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 2021)2 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q3 2023 Updates Tables (XLS 56KB)