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Preliminary GDP Estimate Quarter 4 2022

Gross Domestic Product (GDP) growth of 3.5% is estimated for Quarter 4 2022

CSO statistical publication, , 11am
A CSO Frontier Series Output

This publication is categorised as a CSO Frontier Series Output. Particular care must be taken when interpreting the statistics in this release as it may use new methods which are under development and/or data sources which may be incomplete, for example new administrative data sources

Key Findings

  • Early estimates indicate that Gross Domestic Product (GDP) grew by an estimated 3.5% in Quarter 4 (Q4) 2022, when compared with Q3 2022.

  • This growth was driven mainly by expansion in the manufacturing sector.

  • GDP for the full year 2022 is estimated to have increased by 12.2%, when compared with 2021.

Statistician's Comment

The Central Statistics Office (CSO) today (30 January 2023) published a Preliminary GDP Estimate for Quarter 4 (Q4) 2022.

Commenting on the release, Shauna Allen, Statistician in the National Accounts Data Collection and Quality Division, said: “In today’s release, Gross Domestic Product (GDP) is estimated to have increased by 3.5% in Q4 2022 in volume terms when compared with Q3 2022 and by 13.5% when compared with the same quarter of 2021. This is the first time that the CSO has published a preliminary estimate of GDP 30 days after the end of the reference quarter.

The estimate is based on information from the CSO Large Cases Unit, Retail sales, Administrative Payroll Data and other indicators of activity. A more detailed estimate of GDP and its components will be published in the Quarterly National Accounts (QNA) for Q4 2022 in early March.”

Tables and Graphs

Qtr on Qtr
Q1 20202.63360271827422
Q2 2020-5.58389267707267
Q3 202012.8944303089168
Q4 2020-4.64589155350659
Q1 20218.94228768159966
Q2 20211.93180084787758
Q3 20213.79741863712288
Q4 2021-1.10544168444956
Q1 20226.9712807651557
Q2 20222.16458485721096
Q3 20222.31643919755009
Q4 20223.49821664423793
Year on Year
Q1 20207.76875084780952
Q2 20201.39779739249317
Q3 202011.356744035065
Q4 20203.93085873986208
Q1 202111.3807323167963
Q2 202119.5227304857413
Q3 202110.3710701684355
Q4 202113.803042146014
Q1 202211.7647320893256
Q2 202212.4206430593006
Q3 202210.9428139714947
Q4 202213.5333981312292
Show Table: Table 1 Gross Domestic Product at Constant Market Prices (Chain linked annually and referenced to year 2020) - Seasonally Adjusted

Show Table: Table 2 Gross Domestic Product at Constant Market Prices (Chain linked annually and referenced to year 2020) - Non-Seasonally Adjusted

Preliminary GDP estimate for the EU and euro area can be accessed using the following link Eurostat Prelim GDP estimates for Q4 2022