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Table 3.1 Expenditure Components of GDP1, Q4 20212 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 27,134 | -0.3 |
Net Expenditure by Central and Local Government on Current Goods and Services | 10,566 | 0.9 |
Gross Domestic Fixed Capital Formation | 34,066 | 76.5 |
Net Exports | 30,691 | |
Exports of Goods and Services | 149,268 | 1.3 |
Less Imports of Goods and Services | -118,576 | 22.7 |
Gross Domestic Product | 104,408 | -5.4 |
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 2019 and seasonally adjusted. |
On the expenditure side of the accounts (Table 3.5), Capital Investment, showed an increase of €12.3 billion in Q4 compared with the previous quarter and accounted for 46.9% of total domestic demand in Q4 2021.
Personal Consumption Expenditure decreased by 0.3% in Q4 compared to Q3, while Government expenditure showed an increase of 0.9% over the same period. Combining this with the decline in net exports, there was an overall decrease in real GDP of 5.4% in Q4 compared to Q3.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2019 | 27.839110401 | 8.890842092 | 18.687784392 | 3.031497906 | 30.08093865 | 87.384298845 |
Q2 2019 | 28.086742539 | 8.9270618197 | 62.293535102 | -0.361265585 | -10.34194235 | 89.360213489 |
Q3 2019 | 27.605190907 | 9.1329105859 | 21.401545897 | 1.311473227 | 28.023115554 | 89.195640524 |
Q4 2019 | 27.39946196 | 8.9466587833 | 88.563188011 | -0.056312293 | -35.38741931 | 90.516891699 |
Q1 2020 | 26.451430631 | 9.0545912352 | 81.40090728 | 2.206933134 | -25.66922078 | 93.078348556 |
Q2 2020 | 22.688025312 | 10.14164988 | 20.89013725 | 1.871896582 | 36.286991111 | 90.251188546 |
Q3 2020 | 25.323574037 | 10.167232703 | 19.883802433 | 0.569334712 | 45.345608803 | 99.113236869 |
Q4 2020 | 24.894825397 | 10.441446543 | 24.750393912 | 0.280700777 | 32.76753135 | 94.918155516 |
Q1 2021 | 23.481242674 | 10.408729142 | 18.552060383 | 1.718949864 | 51.386486679 | 104.15794158 |
Q2 2021 | 27.118651353 | 10.482600292 | 19.490769423 | 0.906158117 | 53.736213662 | 108.97270738 |
Q3 2021 | 27.211563467 | 10.473534218 | 19.300546503 | 1.656363981 | 50.647933666 | 110.32380233 |
Q4 2021 | 27.134397173 | 10.566457901 | 34.065882608 | -0.784511115 | 30.69142472 | 104.4077638 |
Get the data: NQQ49
Building & Construction | Machinery & Equipment | Intangibles | Machinery & Equipment + Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2019 | 6.1139199929 | 6.350610837 | 6.2232535625 | 0 | 18.687784392 |
Q2 2019 | 6.3075108741 | 6.2554531006 | 49.730571127 | 0 | 62.293535102 |
Q3 2019 | 6.7950023197 | 6.4291406949 | 8.1774028821 | 0 | 21.401545897 |
Q4 2019 | 6.4553895248 | 5.9004733765 | 76.20732511 | 0 | 88.563188011 |
Q1 2020 | 6.4791864353 | 0 | 0 | 74.9217208447 | 81.40090728 |
Q2 2020 | 4.6096963184 | 3.7053546151 | 12.575086317 | 0 | 20.89013725 |
Q3 2020 | 6.327552593 | 5.1407728766 | 8.4154769639 | 0 | 19.883802433 |
Q4 2020 | 6.7405096397 | 0 | 0 | 18.0098842723 | 24.750393912 |
Q1 2021 | 4.7459719577 | 5.9097236292 | 7.8963647961 | 0 | 18.552060383 |
Q2 2021 | 5.7272975149 | 5.7607593194 | 8.002712589 | 0 | 19.490769423 |
Q3 2021 | 6.0795423564 | 5.2711432294 | 7.949860917 | 0 | 19.300546503 |
Q4 2021 | 6.6390564724 | 5.2582424606 | 22.168583675 | 0 | 34.065882608 |
Get the data: NQQ49
Comparisons with Q4 2020
On the expenditure side of the accounts (Table 3.3) Capital Investment grew by €8.4 billion. Personal Consumption showed an increase of 9.3% while Government expenditure increased by 1.4% over the same period.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2021 Updates Tables (XLS 60KB)
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