Table 3.1 Expenditure Components of GDP1, Q4 20242 | ||
Amount €m | Quarterly % change | |
Personal Consumption of Goods and Services | 36,537 | 1.6 |
Net Expenditure by Central and Local Government on Current Goods and Services | 13,383 | -0.1 |
Gross Domestic Fixed Capital Formation | 24,899 | -8.6 |
Net Exports | 57,948 | |
Exports of Goods and Services | 192,935 | 5.0 |
Less Imports of Goods and Services | -134,987 | -1.9 |
Gross Domestic Product | 130,110 | 3.6 |
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 decreased by €4.8 billion in Q4 compared with the previous quarter and accounted for 31.4% of total domestic demand in Q4 2024.
Personal Consumption Expenditure increased by 1.6% in Q4 2024 compared to Q3 2024, while Government expenditure decreased by 0.1% over the same period. There was an overall increase in real GDP of 3.6%.
Personal Consumption Expenditure | Government Expenditure | Gross Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | GDP | |
Q1 2022 | 32.1934113143 | 11.9078716927 | 23.7565457498 | 1.5723776132 | 56.2427492353 | 126.180877971 |
Q2 2022 | 33.4547667032 | 12.1471467594 | 27.3533006753 | 3.9352383532 | 53.2276861044 | 129.466109417 |
Q3 2022 | 34.3893406877 | 12.2354830521 | 29.7850764264 | 3.2799068632 | 53.0750992722 | 132.8829478231 |
Q4 2022 | 34.6122068223 | 12.3113150992 | 29.6755151538 | -0.1216929668 | 53.1580379105 | 132.3661677154 |
Q1 2023 | 34.770366792 | 12.3326614306 | 24.7218146184 | 2.6296438651 | 53.0420529404 | 125.834399982 |
Q2 2023 | 35.3502609055 | 12.5091885418 | 24.7210157499 | 5.4105571551 | 43.7646347352 | 124.517628362 |
Q3 2023 | 35.2535049837 | 12.7989657123 | 24.0273156706 | 4.0388224251 | 44.3314514087 | 121.91687224 |
Q4 2023 | 35.8222336193 | 13.0084830203 | 40.195079092 | 3.2058041451 | 25.3755282704 | 119.2012375181 |
Q1 2024 | 35.9545858274 | 12.9550492541 | 23.6248201432 | 1.4250241851 | 47.4808095457 | 121.1025044573 |
Q2 2024 | 36.02807075 | 13.2272620744 | 8.6293774521 | 0.6688189741 | 61.797074523 | 120.6751237358 |
Q3 2024 | 35.9648687997 | 13.4016554891 | 27.2401273214 | 0.4548041701 | 46.0602320229 | 125.5727941903 |
Q4 2024 | 36.5366414129 | 13.383150874 | 24.8987007834 | -2.0498985399 | 57.9479276424 | 130.1096188289 |
Get the data: NAQ04
Building & Construction | Machinery & Equipment | Intangibles | Gross Domestic Fixed Capital Formation | |
Q1 2022 | 7.8456522841 | 5.9777437643 | 9.9331497013 | 23.7565457498 |
Q2 2022 | 8.1523939049 | 6.9958681038 | 12.2050386665 | 27.3533006753 |
Q3 2022 | 7.9120245422 | 7.0809681417 | 14.7920837424 | 29.7850764264 |
Q4 2022 | 7.5512906017 | 6.6593943739 | 15.4648301781 | 29.6755151538 |
Q1 2023 | 8.1937379458 | 6.7367856724 | 9.791291 | 24.7218146184 |
Q2 2023 | 7.7714541646 | 6.9238690736 | 10.0256925115 | 24.7210157499 |
Q3 2023 | 7.5876039604 | 6.4098887976 | 10.0298229126 | 24.0273156706 |
Q4 2023 | 7.6432268765 | 6.6245236659 | 25.9273285495 | 40.195079092 |
Q1 2024 | 7.4615041832 | 5.741648955 | 10.4216670049 | 23.6248201432 |
Q2 2024 | 7.5102147967 | 7.1467058457 | -6.0275431904 | 8.6293774521 |
Q3 2024 | 7.8349614442 | 6.8361824198 | 12.5689834572 | 27.2401273214 |
Q4 2024 | 7.5750801117 | 5.0114196133 | 12.3122010584 | 24.8987007834 |
Get the data: NAQ04
On the expenditure side of the accounts (Table 3.3), Capital Investment decreased by €20.6 billion compared to the same quarter of 2023. Personal Consumption showed an increase of 2.3% while Government expenditure grew by 2% over the same period. Exports of Goods and Services increased by 17.9% (or €30.4 billion) while Imports of Goods and Services decreased by 1.3% (or €1.9 billion) over the same period. Net Exports therefore increased by 145.4% (or €32.3 billion) year-on-year.
FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2024 Updates Tables (XLS 61KB)
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.