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Table 5.1 Modified Final Domestic Demand by Component, 20201 | ||
Amount €m | Annual % change | |
Personal Consumption of Goods and Services | 99,127 | -9.0 |
Net Expenditure by Central and Local Government on Current Goods and Services | 37,640 | 9.8 |
Modified Gross Domestic Fixed Capital Formation | 38,398 | -8.5 |
Modified Final Domestic Demand | 175,165 | -5.4 |
1Constant Market Prices, chain linked annually and referenced to year 2018. |
Final Domestic Demand decreased by 19.3% in 2020 compared with 2019 while Modified Domestic Demand decreased by 5.4% over the year driven by a fall in Personal Consumption. The MDD indicator excludes globalisation effects such as trade in IP and trade in aircraft by leasing companies and is an important indicator of underlying demand. (See Table 5.5)
Personal Consumption of Goods and Services | Net Expenditure by Central and Local Government on Current Goods and Services | Modified Gross Domestic Fixed Capital Formation | Modified Final Domestic Demand | |
2014 | 92.6882539541 | 27.4682367493 | 29.7841234591 | 150.2408997211 |
2015 | 95.6377103856 | 28.111475249 | 33.147360847 | 157.0188850652 |
2016 | 100.3841709276 | 29.357606245 | 36.4017700655 | 166.1917532012 |
2017 | 102.7748574609 | 30.4657494643 | 38.7314142641 | 171.9807794632 |
2018 | 105.6264106331 | 32.2267049795 | 41.4693117065 | 179.3224273184 |
2019 | 108.9859717428 | 34.2652972366 | 41.9866447828 | 185.2379137617 |
2020 | 99.1271321581 | 37.6398079902 | 38.3979683053 | 175.1649084536 |
Modified Final Domestic Demand | |
2014 | 4.06838063168236 |
2015 | 4.51141157746149 |
2016 | 5.84188846595812 |
2017 | 3.4833414718187 |
2018 | 4.26887695131708 |
2019 | 3.2987990023114 |
2020 | -5.43787451690827 |
Net Exports & Other | Modified Final Domestic Demand | |
2015 | 22.0423607358419 | 3.13404137556865 |
2016 | -1.39457818641848 | 3.38833846498318 |
2017 | 7.0328498137406 | 2.09659020182227 |
2018 | 6.07993352246676 | 2.43646207088071 |
2019 | 3.75610696199331 | 1.80909431431517 |
2020 | 6.33598079768192 | -2.91815951521475 |
Table 5.2 Modified Final Domestic Demand by Component, Q4 20201 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 25,281 | -2.3 |
Net Expenditure by Central and Local Government on Current Goods and Services | 9,696 | 0.1 |
Modified Gross Domestic Fixed Capital Formation | 9,938 | -4.0 |
Modified Final Domestic Demand | 44,915 | -2.2 |
1Constant Market Prices, chain linked annually and referenced to year 2018 and seasonally adjusted. |
Final Domestic Demand increased by 8.7% in Q4 compared with Q3 while Modified Domestic Demand fell by 2.2% over the same period driven by a fall in Personal Consumption. (See Table 5.6)
Personal Consumption of Goods and Services | Net Expenditure by Central and Local Government on Current Goods and Services | Modified Gross Domestic Fixed Capital Formation | Modified Final Domestic Demand | |
Q1 2018 | 26.098801097 | 7.8451040548 | 10.317367346 | 44.261272499 |
Q2 2018 | 26.399091894 | 8.0642638157 | 10.411509693 | 44.874865402 |
Q3 2018 | 26.5457525 | 8.1886607788 | 10.237365787 | 44.971779066 |
Q4 2018 | 26.564587158 | 8.1340518375 | 10.391711132 | 45.090350127 |
Q1 2019 | 27.045428645 | 8.5039705072 | 10.567657964 | 46.117057116 |
Q2 2019 | 27.286739564 | 8.539692143 | 10.086261558 | 45.912693265 |
Q3 2019 | 27.313984354 | 8.6031421844 | 10.866494569 | 46.783621108 |
Q4 2019 | 27.327206682 | 8.6255929285 | 10.283504623 | 46.236304234 |
Q1 2020 | 26.462626225 | 8.6663476757 | 10.273355504 | 45.402329404 |
Q2 2020 | 21.41104803 | 9.5950465989 | 7.6715609883 | 38.677655617 |
Q3 2020 | 25.88885497 | 9.6891560772 | 10.354409693 | 45.93242074 |
Q4 2020 | 25.281390996 | 9.6957745617 | 9.9381666385 | 44.915332196 |
Modified Final Domestic Demand | |
Q1 2018 | 1.10490070892229 |
Q2 2018 | 1.38629747487233 |
Q3 2018 | 0.215964244420164 |
Q4 2018 | 0.263656594118689 |
Q1 2019 | 2.27699937150236 |
Q2 2019 | -0.443141570126548 |
Q3 2019 | 1.89692170305313 |
Q4 2019 | -1.16988993377942 |
Q1 2020 | -1.80372294848501 |
Q2 2020 | -14.8112968547547 |
Q3 2020 | 18.7569929130123 |
Q4 2020 | -2.21431513430833 |
Net Exports & Other | Modified Final Domestic Demand | |
Q1 2018 | -1.72833353790336 | 0.599944030620903 |
Q2 2018 | 2.26606509128687 | 0.769740814659522 |
Q3 2018 | -0.0194695202607508 | 0.117994300015645 |
Q4 2018 | 1.69853228115734 | 0.144220515662644 |
Q1 2019 | -1.92592853208883 | 1.22620964162225 |
Q2 2019 | 4.97109414486443 | -0.245794300494467 |
Q3 2019 | -1.16922239445287 | 1.00022635300277 |
Q4 2019 | 4.24410959571022 | -0.629635950394073 |
Q1 2020 | -2.98100087610973 | -0.925940750060529 |
Q2 2020 | 5.63155525952186 | -7.76979319753689 |
Q3 2020 | 3.22787286059169 | 8.56541803014291 |
Q4 2020 | -4.01225663800479 | -1.0741581518654 |
Comparisons with Q4 2019
Final Domestic Demand decreased by 38.9% in Q4 2020 compared with Q4 2019 while Modified Domestic Demand declined by 3.1% over the same period driven by a fall in Personal Consumption.
Next Chapter >> Foreign & Domestic GVA
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