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GDP - Expenditure

GDP - Expenditure

Personal Consumption Expenditure increased by 1.6% in Q4 2024

Online ISSN: 2009-5775
CSO statistical release, , 11am
Table 3.1 Expenditure Components of GDP1, Q4 20242
 Amount €mQuarterly % change
Personal Consumption of Goods and Services36,5371.6
Net Expenditure by Central and Local Government on Current Goods and Services13,383-0.1
Gross Domestic Fixed Capital Formation24,899-8.6
Net Exports57,948 
     Exports of Goods and Services192,9355.0
     Less Imports of Goods and Services-134,987-1.9
Gross Domestic Product130,1103.6
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 ExpenditureGovernment ExpenditureGross Fixed Capital FormationValue of Physical Changes in StocksNet ExportsGDP
Q1 202232.193411314311.907871692723.75654574981.572377613256.2427492353126.180877971
Q2 202233.454766703212.147146759427.35330067533.935238353253.2276861044129.466109417
Q3 202234.389340687712.235483052129.78507642643.279906863253.0750992722132.8829478231
Q4 202234.612206822312.311315099229.6755151538-0.121692966853.1580379105132.3661677154
Q1 202334.77036679212.332661430624.72181461842.629643865153.0420529404125.834399982
Q2 202335.350260905512.509188541824.72101574995.410557155143.7646347352124.517628362
Q3 202335.253504983712.798965712324.02731567064.038822425144.3314514087121.91687224
Q4 202335.822233619313.008483020340.1950790923.205804145125.3755282704119.2012375181
Q1 202435.954585827412.955049254123.62482014321.425024185147.4808095457121.1025044573
Q2 202436.0280707513.22726207448.62937745210.668818974161.797074523120.6751237358
Q3 202435.964868799713.401655489127.24012732140.454804170146.0602320229125.5727941903
Q4 202436.536641412913.38315087424.8987007834-2.049898539957.9479276424130.1096188289

Get the data: NAQ04

Building & ConstructionMachinery & EquipmentIntangiblesGross Domestic Fixed Capital Formation
Q1 20227.84565228415.97774376439.933149701323.7565457498
Q2 20228.15239390496.995868103812.205038666527.3533006753
Q3 20227.91202454227.080968141714.792083742429.7850764264
Q4 20227.55129060176.659394373915.464830178129.6755151538
Q1 20238.19373794586.73678567249.79129124.7218146184
Q2 20237.77145416466.923869073610.025692511524.7210157499
Q3 20237.58760396046.409888797610.029822912624.0273156706
Q4 20237.64322687656.624523665925.927328549540.195079092
Q1 20247.46150418325.74164895510.421667004923.6248201432
Q2 20247.51021479677.1467058457-6.02754319048.6293774521
Q3 20247.83496144426.836182419812.568983457227.2401273214
Q4 20247.57508011175.011419613312.312201058424.8987007834

Get the data: NAQ04

Comparisons with Q4 2023

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.

Table 3.2 Expenditure on Gross National Product at Current Market Prices

Table 3.3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)1

Table 3.4 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted

Table 3.5 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2022)1 - Seasonally Adjusted

Table 3.6 Components of Gross Domestic Fixed Capital Formation at Current Market Prices - Non-Seasonally Adjusted

Table 3.7 Components of Gross Domestic Fixed Capital Formation at Constant Prices (Chain linked annually and referenced to year 2022)1 - Non-Seasonally Adjusted

Table 3.8 Components of Gross Domestic Fixed Capital Formation at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2022)1 - Seasonally Adjusted

FOR UPDATES TABLES, PLEASE CLICK ON THE FOLLOWING LINK: Quarterly National Accounts Q4 2024 Updates Tables (XLS 61KB)