Table 3.1 Expenditure Components of GDP1, Q4 20222 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 28,295 | 1.1 |
Net Expenditure by Central and Local Government on Current Goods and Services | 11,129 | 2.5 |
Gross Domestic Fixed Capital Formation | 26,091 | -46.5 |
Net Exports | 50,791 | |
Exports of Goods and Services | 169,271 | 0.4 |
Less Imports of Goods and Services | -118,480 | -13.4 |
Gross Domestic Product | 121,274 | 0.3 |
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 2020 and seasonally adjusted. |
On the expenditure side of the accounts (Table 3.5), Capital Investment decreased by €23.1 billion in Q4 compared with the previous quarter and accounted for 41.3% of total domestic demand in Q4 2022.
Personal Consumption Expenditure grew by 1.1% in Q4 2022 compared to Q3 2022, while Government expenditure increased by 2.5% over the same period. There was an overall increase in real GDP of 0.3%.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2020 | 26.608947183 | 9.2906117059 | 78.106446305 | 2.039149497 | -23.25300293 | 92.712640168 |
Q2 2020 | 22.532733543 | 10.453234472 | 17.645909117 | 1.791065954 | 35.815664297 | 87.531389336 |
Q3 2020 | 25.714115712 | 10.555211569 | 25.093268265 | 0.434799916 | 39.16580472 | 98.805618452 |
Q4 2020 | 24.887153336 | 10.577439023 | 37.247041943 | 0.226690679 | 19.75909626 | 94.102774951 |
Q1 2021 | 23.357113461 | 10.805942663 | 18.456112321 | 2.066366305 | 49.488732809 | 102.69197387 |
Q2 2021 | 26.314128784 | 10.763217762 | 19.349091294 | 0.301713353 | 49.465433015 | 104.65670022 |
Q3 2021 | 27.312076223 | 10.876812097 | 19.557373056 | 2.855509063 | 47.899216738 | 108.60306963 |
Q4 2021 | 27.148560548 | 11.073100975 | 38.922465886 | 0.036727928 | 29.27445025 | 107.23146934 |
Q1 2022 | 27.240082798 | 10.92293215 | 21.198580989 | 4.16631351 | 53.31782454 | 114.93971203 |
Q2 2022 | 27.728605112 | 10.92323396 | 25.500944892 | 1.469677292 | 52.34422155 | 117.56153802 |
Q3 2022 | 27.973985961 | 10.861305457 | 48.809808839 | 2.05689614 | 31.68481439 | 120.90571102 |
Q4 2022 | 28.294687052 | 11.128966135 | 26.091021822 | 1.683590814 | 50.79118266 | 121.27393134 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Machinery & Equipment + Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2020 | 6.9171733897 | 0 | 0 | 71.1892729153 | 78.106446305 |
Q2 2020 | 4.6300671507 | 3.0947218705 | 9.9211200955 | 0 | 17.645909117 |
Q3 2020 | 5.9776376519 | 5.450832948 | 13.664797665 | 0 | 25.093268265 |
Q4 2020 | 6.4639273908 | 0 | 0 | 30.7831145522 | 37.247041943 |
Q1 2021 | 5.2321163638 | 5.7562350619 | 7.4677608952 | 0 | 18.456112321 |
Q2 2021 | 5.9081792533 | 5.6215707065 | 7.8193413341 | 0 | 19.349091294 |
Q3 2021 | 5.8002204406 | 5.2784012408 | 8.4787513742 | 0 | 19.557373056 |
Q4 2021 | 6.3245131062 | 6.4024780435 | 26.195474737 | 0 | 38.922465886 |
Q1 2022 | 6.4449806512 | 5.8269209178 | 8.9266794201 | 0 | 21.198580989 |
Q2 2022 | 6.7423125383 | 7.8863941506 | 10.872238203 | 0 | 25.500944892 |
Q3 2022 | 6.5994382088 | 8.1631294368 | 34.047241193 | 0 | 48.809808839 |
Q4 2022 | 6.1824091515 | 6.8242507739 | 13.084361897 | 0 | 26.091021822 |
Get the data: NAQ04
Comparisons with Q4 2021
On the expenditure side of the accounts (Table 3.3) Capital Investment decreased by €11.3 billion. Personal Consumption showed an increase of 4.5% while Government expenditure grew by 1.3% over the same period. Exports of Goods and Services increased by 13.9% (or €21.3 billion) in Q4 2022 compared with the same quarter of 2021. Imports of Goods and Services grew by 1.3% (or €1.6 billion) over the same period. Net Exports therefore increased by 72.8% (or €19.7 billion) over the period year-on-year.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2022 Updates Tables (XLS 60KB)
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