Your feedback can help us improve and enhance our services to the public. Tell us what matters to you in our online Customer Satisfaction Survey.
Table 3.1 Expenditure Components of GDP1, 20202 | ||
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 |
Gross Domestic Fixed Capital Formation | 109,702 | -32.3 |
Net Exports | 108,963 | |
Exports of Goods and Services | 469,548 | 6.2 |
Less Imports of Goods and Services | -360,585 | -11.3 |
Gross Domestic Product | 356,981 | 3.4 |
1Series not additive, Value of Physical Changes in Stocks not shown on table (see Table 3.4 for full detail). | ||
2GDP at Constant Market Prices, chain linked annually and referenced to year 2018. |
On the expenditure side of the accounts (Table 3.4), Capital Investment, driven by Intellectual Property Products (IPP), declined by €49.0 billion during 2020 while Personal Consumption Expenditure, which accounts for just over 40% of Domestic Demand, fell 9.0% compared with the previous year. Government expenditure increased by 9.8% over the same period.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
2014 | 92.6882539541 | 27.4682367493 | 43.6519178959 | 2.8491873325 | 41.6892447108 | 216.2698105053 |
2015 | 95.6377103856 | 28.111475249 | 65.5485977302 | 4.1671075089 | 70.6697566684 | 270.7187676437 |
2016 | 100.3841709276 | 29.357606245 | 98.8831440095 | 4.7347459782 | 37.4843322877 | 276.1162508996 |
2017 | 102.7748574609 | 30.4657494643 | 98.8586170427 | 4.1642304901 | 64.597042055 | 301.3241183987 |
2018 | 105.6264106331 | 32.2267049795 | 92.7487769374 | 1.3517236338 | 92.787451421 | 326.9860723397 |
2019 | 108.9859717428 | 34.2652972366 | 162.1344868857 | 1.7362876728 | 35.5403085022 | 345.1835054109 |
2020 | 99.1271321581 | 37.6398079902 | 109.7022554381 | 5.2130128983 | 108.9630732383 | 356.9812607224 |
Table 3.2 Expenditure Components of GDP1, Q4 20202 | ||
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 |
Gross Domestic Fixed Capital Formation | 23,681 | 28.7 |
Net Exports | 29,547 | |
Exports of Goods and Services | 124,212 | 4.2 |
Less Imports of Goods and Services | -94,666 | 24.4 |
Gross Domestic Product | 89,871 | -5.1 |
1Series not additive, Value of Physical Changes in Stocks not shown on table (see Table 3.6 for full detail). | ||
2Constant Market Prices, chain linked annually and referenced to year 2018 and seasonally adjusted. |
On the expenditure side of the accounts (Table 3.6), Capital Investment, exhibited an increase of €6.4 billion in Q4 compared with the previous quarter and accounted for 42.2% of domestic demand in Q4 2020.
Personal Consumption Expenditure declined by 2.3% in Q4 compared to Q3, while Government expenditure increased by 0.1% over the same period. As a result, there was an overall decline in the real GDP of 5.1% in Q4 compared to Q3.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
2018 Q1 | 26.098801097 | 7.8451040548 | 16.314388859 | 1.7858467541 | 27.815614691 | 79.714222153 |
2018 Q2 | 26.399091894 | 8.0642638157 | 16.636030697 | -0.362671083 | 30.275301463 | 82.134191217 |
2018 Q3 | 26.5457525 | 8.1886607788 | 19.202855496 | 0.2681396303 | 26.81708513 | 82.215113748 |
2018 Q4 | 26.564587158 | 8.1340518375 | 40.391631577 | -0.2690002722 | 10.08906812 | 83.730135056 |
2019 Q1 | 27.045428645 | 8.5039705072 | 18.761657683 | 0.9072641514 | 28.189760157 | 83.144259484 |
2019 Q2 | 27.286739564 | 8.539692143 | 59.976567243 | -1.096186789 | -8.38902351 | 87.073075048 |
2019 Q3 | 27.313984354 | 8.6031421844 | 21.123189582 | 1.2520598537 | 27.371397451 | 86.925924998 |
2019 Q4 | 27.327206682 | 8.6255929285 | 62.01536328 | 0.7003263976 | -7.17972391 | 90.067839648 |
2020 Q1 | 26.462626225 | 8.6663476757 | 50.042880322 | 0.9402398971 | -2.07692728999999 | 86.548941729 |
2020 Q2 | 21.41104803 | 9.5950465989 | 17.373297765 | 1.6553982157 | 36.7011458 | 84.698319422 |
2020 Q3 | 25.88885497 | 9.6891560772 | 18.394377004 | 0.7506602243 | 43.113804466 | 94.687038611 |
2020 Q4 | 25.281390996 | 9.6957745617 | 23.681408036 | 1.8690191172 | 29.546536025 | 89.870863075 |
Building & Construction | Machinery & Equipment | Intangibles | Machinery & Equipment + Intangibles | Gross Domestic Fixed Capital Formation | |
2018 Q1 | 5.8256084145 | 5.7241720492 | 4.7646083955 | 0 | 16.314388859 |
2018 Q2 | 6.1034316284 | 5.0543055794 | 5.4782934889 | 0 | 16.636030697 |
2018 Q3 | 6.2073629369 | 7.1386829576 | 5.8568096018 | 0 | 19.202855496 |
2018 Q4 | 6.1472545086 | 7.7375671414 | 26.506809927 | 0 | 40.391631577 |
2019 Q1 | 6.3170318228 | 6.5098714465 | 5.9347544137 | 0 | 18.761657683 |
2019 Q2 | 6.3343505752 | 5.9446454737 | 47.697571194 | 0 | 59.976567243 |
2019 Q3 | 6.8558236595 | 6.6365499256 | 7.6308159965 | 0 | 21.123189582 |
2019 Q4 | 6.7013205508 | 6.216296146 | 49.097746583 | 0 | 62.01536328 |
2020 Q1 | 6.6951056948 | 0 | 0 | 43.3477746272 | 50.042880322 |
2020 Q2 | 4.2839309693 | 3.3756461864 | 9.7137206091 | 0 | 17.373297765 |
2020 Q3 | 5.9258938314 | 5.3619050455 | 7.1065781275 | 0 | 18.394377004 |
2020 Q4 | 6.8481666234 | 0 | 0 | 16.8332414126 | 23.681408036 |
Comparisons with Q4 2019
On the expenditure side of the accounts (Table 3.4) Capital Investment contracted by €37.1 billion driven by Intellectual Property Products (IPP). Personal Consumption Expenditure exhibited a year-on-year decline of 7.6% reflecting ongoing COVID-19 related restrictions to economic activity while Government expenditure increased by 12.1% over the same period.
FOR REVISIONS TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2020 Revisions Tables (XLS 61KB)
Next Chapter >> International Trade
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.