Table 3.1 Expenditure Components of GDP1, Q3 20242 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 35,993 | -0.2 |
Net Expenditure by Central and Local Government on Current Goods and Services | 13,320 | 1.5 |
Gross Domestic Fixed Capital Formation | 27,332 | 211.9 |
Net Exports | 44,888 | |
Exports of Goods and Services | 182,583 | -7.0 |
Less Imports of Goods and Services | -137,695 | 2.1 |
Gross Domestic Product | 124,509 | 3.5 |
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 increased by €17.6 billion in Q3 compared with the previous quarter and accounted for 35.4% of total domestic demand in Q3 2024.
Personal Consumption Expenditure decreased by 0.2% in Q3 2024 compared to Q2 2024, while Government expenditure increased by 1.5% over the same period. There was an overall increase in real GDP of 3.5%.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2022 | 32.2081698381 | 11.901219547 | 23.8391563641 | 1.5723776132 | 56.2143029279 | 126.1395291935 |
Q2 2022 | 33.4571364841 | 12.1544352724 | 27.3689476834 | 3.9352383532 | 53.1678474705 | 129.2821646255 |
Q3 2022 | 34.3729456878 | 12.2615546401 | 29.7985657671 | 3.2799068632 | 52.5933658304 | 132.5597866761 |
Q4 2022 | 34.6124956167 | 12.2770314619 | 29.5089737189 | -0.1216929668 | 53.6755838444 | 132.971296131 |
Q1 2023 | 34.7845399174 | 12.3311363827 | 24.845003279 | 2.6296438651 | 53.0494774119 | 125.8134656235 |
Q2 2023 | 35.3639222984 | 12.5237055089 | 24.77142945 | 5.4105571551 | 43.6411057223 | 124.2840944304 |
Q3 2023 | 35.2021030425 | 12.8371749734 | 24.094521879 | 4.0388224251 | 43.7721991568 | 121.5158286329 |
Q4 2023 | 35.8556856327 | 12.9559157586 | 39.9076409394 | 3.2058041451 | 26.0985205395 | 119.8726395501 |
Q1 2024 | 35.9563484923 | 12.8770200664 | 23.6949757174 | 1.4313108151 | 46.7404275681 | 120.5874264995 |
Q2 2024 | 36.0546839538 | 13.11984615 | 8.7626313777 | 0.6751056051 | 61.4408440407 | 120.2830958541 |
Q3 2024 | 35.9928971138 | 13.3202428639 | 27.3316246559 | -0.2735517649 | 44.887896707 | 124.5093615603 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2022 | 7.8510226806 | 6.0317253592 | 9.9564083242 | 23.8391563641 |
Q2 2022 | 8.1491362234 | 7.0047541122 | 12.2150573477 | 27.3689476834 |
Q3 2022 | 7.920482883 | 7.1333530162 | 14.7447298678 | 29.7985657671 |
Q4 2022 | 7.5419950885 | 6.4937863311 | 15.4731922992 | 29.5089737189 |
Q1 2023 | 8.1964612263 | 6.8251505419 | 9.8233915107 | 24.845003279 |
Q2 2023 | 7.7707662738 | 6.9649277021 | 10.035735474 | 24.77142945 |
Q3 2023 | 7.6041223498 | 6.4975943738 | 9.9928051553 | 24.094521879 |
Q4 2023 | 7.6221615692 | 6.355621936 | 25.9298574341 | 39.9076409394 |
Q1 2024 | 7.4639092113 | 5.7851403422 | 10.4459261639 | 23.6949757174 |
Q2 2024 | 7.5175982696 | 7.0603281148 | -5.8152950068 | 8.7626313777 |
Q3 2024 | 7.8548113947 | 6.6768688601 | 12.799944401 | 27.3316246559 |
Get the data: NAQ04
On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by 3.4% compared to the same quarter of 2023. Personal Consumption showed an increase of 1.7% while Government expenditure grew by 4.3% over the same period. Exports of Goods and Services increased by 10.5% (or €17.5 billion) while Imports of Goods and Services increased by 13.3% (or €15.6 billion) over the same period. Net Exports therefore increased by 3.9% (or €1.9 billion) year-on-year.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q3 2024 Updates Tables (XLS 60KB)
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