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
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.
| Qtr on Qtr | |
| Q1 2020 | 2.63360271827422 |
| Q2 2020 | -5.58389267707267 |
| Q3 2020 | 12.8944303089168 |
| Q4 2020 | -4.64589155350659 |
| Q1 2021 | 8.94228768159966 |
| Q2 2021 | 1.93180084787758 |
| Q3 2021 | 3.79741863712288 |
| Q4 2021 | -1.10544168444956 |
| Q1 2022 | 6.9712807651557 |
| Q2 2022 | 2.16458485721096 |
| Q3 2022 | 2.31643919755009 |
| Q4 2022 | 3.49821664423793 |
| Year on Year | |
| Q1 2020 | 7.76875084780952 |
| Q2 2020 | 1.39779739249317 |
| Q3 2020 | 11.356744035065 |
| Q4 2020 | 3.93085873986208 |
| Q1 2021 | 11.3807323167963 |
| Q2 2021 | 19.5227304857413 |
| Q3 2021 | 10.3710701684355 |
| Q4 2021 | 13.803042146014 |
| Q1 2022 | 11.7647320893256 |
| Q2 2022 | 12.4206430593006 |
| Q3 2022 | 10.9428139714947 |
| Q4 2022 | 13.5333981312292 |
Preliminary GDP estimate for the EU and euro area can be accessed using the following link Eurostat Prelim GDP estimates for Q4 2022
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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.”