Mar 22, 2012 - The calculation methods for quarterly accounts are similar to those used in ... Factor income outflows we
An Phríomh-Oifig Staidrimh Central Statistics Office
22 March 2012
Quarterly National Accounts Growth Rates % Change
GDP
Quarter 4 2011 and Year 2011 (Preliminary)
GNP 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 -5.0 -6.0 -7.0 -8.0 -9.0 -10.0 -11.0 2007
2008
2009
2010
2011
GDP and GNP at constant (2009) prices Jan-Dec 2011 Amount €m
Annual % change
GDP
161,034
0.7
GNP
129,232
-2.5
Annual increase of 0.7% in GDP in 2011 Preliminary estimates indicate that GDP in volume terms increased by 0.7 per cent for the year 2011. This follows three successive annual decreases in GDP during the years 2008 to 2010. GNP, on the other hand, declined by 2.5 per cent in 2011. On a seasonally adjusted basis, constant price GDP for the fourth quarter of 2011 decreased by 0.2 per cent compared with the previous quarter while GNP declined by 2.2 per cent over the same period. Industry and Agriculture the main contributors to growth in 2011
Published by the Central Statistics Office, Ireland. Ardee Road Dublin 6 Ireland
Skehard Road Cork Ireland LoCall: 1890 313 414 (ROI) 0808 2347 581 (UK/N
Tel: +353 1 498 4000 Fax: +353 1 498 4229
Tel: +353 21 453 5000 Fax: +353 21 453 5555
Both offices may be contacted through any of these telephone numbers. CSO on the Web: www.cso.ie and go to Economy: National Accounts
Industry (excluding Building and Construction) grew by 4.5 per cent while Agriculture, Forestry and Fishing increased by 2.0 per cent between 2010 and 2011. However, the remaining sectors of the economy registered declines during 2011. The greatest declines were experienced by Building and Construction (-13.5%) and Public Administration and Defence (-3.3%). Other Services (-2.1%) and Distribution, Transport and Communications (-1.6%) also registered annual declines between 2010 and 2011. The calculation methods for quarterly accounts are similar to those used in the annual National Income and Expenditure. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates are subject to a greater margin of error than the annual figures. These preliminary estimates will therefore be revised when the next detailed annual results are published.
Director General: Gerard O'Hanlon
For more information contact Gordon Cavanagh at 01 498 4307 or Andrew McManus at 01 498 4368.
Enquiries: National Accounts General queries
National Accounts, ext 4371
[email protected] Information Section, ext 5021
[email protected]
ã Central Statistics Office The contents of this release may be quoted provided the source is given clearly and accurately. Reproduction for own or internal use is permitted. ISSN 1393-9017
Strong export growth
Seasonally Adjusted growth rates (% change on previous quarter) GNP GDP
% Change
4.0
2.0
0.0
-2.0
On the expenditure side of the accounts exports performed strongly in 2011, while Imports declined slightly. The combined effect resulted in overall growth of €7,245m in net exports. This growth more than offset the declines which took place in the final domestic demand components of expenditure. Personal consumption, which accounts for approximately two thirds of domestic demand, fell by 2.7 per cent while Government expenditure was 3.7 per cent down on 2010. Capital formation registered the largest percentage annual decline in 2011 (-10.6%) although this is on a smaller scale than for the previous two years (-24.9 per cent and -28.7 per cent respectively). Quarterly decreases in GDP and GNP in Q4 2011 Initial estimates for the fourth quarter of 2011 indicate seasonally adjusted declines of 0.2 per cent in GDP at constant prices and of 2.2 per cent in GNP compared with Q3 2011. On the output side Industry (incl. Building and Construction) increased by 1.4 per cent while Distribution, Transport and Communication increased by 0.6 per cent. There were quarterly seasonally adjusted declines in Public Administration and Defence and Other Services.
-4.0 2010 2010 2010 2010 2011 2011 2011 2011 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
On the Expenditure side there was a small decline in net exports and a decline in Government expenditure compared with the third quarter. Stock levels also fell. Personal expenditure and Capital investment, on the other hand registered increases on the previous quarter. Factor income outflows were 9 per cent higher than in the previous quarter leading to an overall decline in GNP of 2.2 per cent in Q4 2011 compared to Q3 2011.
Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2009)* Period
2006 2007 2008 2009 2010 2011 2006 Q1 Q2 Q3 Q4 2007 Q1 Q2 Q3 Q4 2008 Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3 Q4 2011 Q1 Q2 Q3 Q4
Agric. forestry and fishing 3,061 3,103 3,099 3,011 3,032 3,092
Industry
22,146 22,598 19,938 15,991 15,398 15,082
GDP at constant market prices 169,195 177,963 172,674 160,596 159,906 161,034
Net factor income from rest of world -23,508 -26,810 -25,696 -28,363 -27,323 -31,801
€million GNP at constant market prices 145,260 150,856 146,661 132,233 132,584 129,232
36,115 37,115 36,668 37,404
5,766 5,328 5,523 5,529
41,806 42,384 42,130 42,875
-6,001 -5,784 -6,548 -5,174
35,697 36,494 35,465 37,604
17,472 17,744 18,921 19,228
38,754 38,789 37,990 40,085
6,031 5,505 5,561 5,502
44,704 44,238 43,488 45,533
-6,998 -7,190 -5,939 -6,683
37,651 37,012 37,432 38,761
1,476 1,564 1,589 1,570
17,850 17,495 18,657 18,374
38,784 38,647 38,363 37,077
5,513 4,860 4,837 4,727
44,241 43,482 43,173 41,777
-6,323 -6,622 -7,239 -5,512
37,814 36,794 35,926 36,128
5,450 5,376 5,433 5,451
1,455 1,486 1,500 1,513
17,675 17,216 17,960 17,828
36,469 36,596 36,123 35,417
4,099 3,834 3,982 4,075
40,566 40,438 40,106 39,486
-7,047 -7,516 -7,573 -6,228
33,511 32,947 32,565 33,209
1,070 1,062 1,096 1,112
5,362 5,328 5,294 5,283
1,412 1,439 1,466 1,476
17,205 16,930 17,563 17,362
36,366 36,449 36,235 35,459
3,767 3,695 3,992 3,944
40,132 40,144 40,227 39,403
-8,110 -7,829 -6,789 -4,595
32,022 32,315 33,438 34,808
892 882 940 1,038
5,226 5,294 5,162 5,251
1,380 1,400 1,402 1,420
16,917 16,807 17,037 16,818
36,426 37,242 36,442 35,842
3,684 3,674 3,872 3,852
40,109 40,916 40,315 39,693
-7,922 -8,398 -8,134 -7,348
32,188 32,518 32,180 32,346
Dist. transport and comms. 23,331 25,108 24,072 21,710 21,268 20,932
Public admin. and defence 5,661 5,939 6,199 5,954 5,793 5,602
Other services (including rent) 69,049 73,366 72,376 70,679 69,060 67,578
GDP at constant factor cost 147,301 155,619 152,870 144,605 144,508 145,952
Taxes less subsidies
43,839 45,405 44,009 42,236 44,420 45,639
of which Building and construction 9,055 9,133 8,559 6,206 4,339 3,753
858 1,102 648 453
10,873 11,785 10,381 10,799
2,250 2,153 2,335 2,316
5,774 5,763 5,777 6,017
1,350 1,409 1,456 1,446
16,378 16,545 17,816 18,311
808 1,062 702 531
11,806 11,273 10,694 11,632
2,350 2,182 2,295 2,306
6,276 6,263 6,221 6,349
1,406 1,483 1,531 1,519
812 1,071 728 488
11,488 11,529 10,727 10,265
2,304 2,147 2,158 1,949
6,273 6,029 5,934 5,835
790 1,061 664 496
11,033 10,944 10,197 10,063
1,666 1,523 1,549 1,467
768 1,038 701 526
11,772 11,156 10,502 10,990
782 1,086 726 499
11,809 11,747 10,834 11,248
Percentage change on corresponding period of previous year 2006 2007 2008 2009 2010 2011 2006 Q1 Q2 Q3 Q4 2007 Q1 Q2 Q3 Q4 2008 Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3 Q4 2011 Q1 Q2 Q3 Q4
-6.7 1.4 -0.1 -2.8 0.7 2.0
5.9 3.6 -3.1 -4.0 5.2 2.7
4.7 0.9 -6.3 -27.5 -30.1 -13.5
5.4 7.6 -4.1 -9.8 -2.0 -1.6
2.0 4.9 4.4 -4.0 -2.7 -3.3
5.1 6.3 -1.3 -2.3 -2.3 -2.1
4.6 5.6 -1.8 -5.4 -0.1 1.0
10.4 2.0 -11.8 -19.8 -3.7 -2.1
5.3 5.2 -3.0 -7.0 -0.4 0.7
6.3 3.9 -2.8 -9.8 0.3 -2.5
-2.0 -1.0 -13.7 -16.3
7.0 8.7 7.2 1.0
12.8 1.8 4.6 0.4
6.4 4.9 4.4 5.8
1.8 1.5 2.5 2.2
6.3 3.9 4.5 5.6
6.0 3.7 6.2 2.8
14.1 9.8 9.4 8.3
7.0 4.4 6.6 3.4
8.1 8.1 4.4 4.8
-5.8 -3.6 8.3 17.2
8.6 -4.3 3.0 7.7
4.4 1.4 -1.7 -0.5
8.7 8.7 7.7 5.5
4.2 5.3 5.1 5.1
6.7 7.3 6.2 5.0
7.3 4.5 3.6 7.2
4.6 3.3 0.7 -0.5
6.9 4.4 3.2 6.2
5.5 1.4 5.5 3.1
0.4 0.8 3.8 -8.1
-2.7 2.3 0.3 -11.8
-2.0 -1.6 -5.9 -15.5
-0.0 -3.7 -4.6 -8.1
5.0 5.5 3.8 3.3
2.2 -1.4 -1.4 -4.4
0.1 -0.4 1.0 -7.5
-8.6 -11.7 -13.0 -14.1
-1.0 -1.7 -0.7 -8.2
0.4 -0.6 -4.0 -6.8
-2.7 -0.9 -8.8 1.6
-4.0 -5.1 -4.9 -2.0
-27.7 -29.1 -28.2 -24.7
-13.1 -10.8 -8.4 -6.6
-1.5 -5.0 -5.6 -3.6
-1.0 -1.6 -3.7 -3.0
-6.0 -5.3 -5.8 -4.5
-25.7 -21.1 -17.7 -13.8
-8.3 -7.0 -7.1 -5.5
-11.4 -10.5 -9.4 -8.1
-2.8 -2.2 5.5 6.0
6.7 1.9 3.0 9.2
-35.8 -30.3 -29.3 -24.2
-1.6 -0.9 -2.6 -3.1
-2.9 -3.2 -2.2 -2.4
-2.7 -1.7 -2.2 -2.6
-0.3 -0.4 0.3 0.1
-8.1 -3.6 0.2 -3.2
-1.1 -0.7 0.3 -0.2
-4.4 -1.9 2.7 4.8
1.7 4.7 3.6 -5.1
0.3 5.3 3.2 2.3
-16.6 -16.9 -14.2 -6.6
-2.6 -0.6 -2.5 -0.6
-2.3 -2.7 -4.3 -3.8
-1.7 -0.7 -3.0 -3.1
0.2 2.2 0.6 1.1
-2.2 -0.6 -3.0 -2.4
-0.1 1.9 0.2 0.7
0.5 0.6 -3.8 -7.1
*Chain linked series not additive
3
Table 2 Expenditure on Gross National Product at Current Market Prices Period
2006 2007 2008 2009 2010 2011 2006 Q1 Q2 Q3 Q4 2007 Q1 Q2 Q3 Q4 2008 Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3 Q4
€million GNP at current market prices
Personal consumption of goods and services
Net exp. by central and local government on current goods and services
Gross domestic fixed capital formation
Value of physical changes in stocks
Exports of goods and services
Imports of goods and services
Statistical discrepancy
GDP at current market prices
Net factor income from the rest of the world
85,495 93,872 95,671 85,214 82,592 81,113
25,719 28,530 29,955 28,503 26,222 25,111
48,311 48,486 39,430 25,293 18,074 15,915
1,672 1,015 -596 -2,264 -852 530
140,707 152,389 150,181 145,902 157,673 165,277
-123,574 -135,328 -133,877 -121,037 -127,901 -131,692
-33 970 -774 -1,015 184 184
178,297 189,933 179,990 160,596 155,992 156,438
-23,264 -26,520 -25,317 -28,363 -27,785 -32,559
155,033 163,413 154,673 132,233 128,207 123,879
20,618 20,813 20,941 23,124
6,138 6,264 6,507 6,811
12,228 11,240 12,265 12,578
626 1,190 -478 334
33,803 35,455 35,233 36,216
-29,764 -30,901 -29,634 -33,275
-8 -8 -8 -9
43,640 44,052 44,826 45,779
-5,970 -5,741 -6,568 -4,985
37,670 38,311 38,258 40,794
22,600 22,852 23,159 25,260
6,946 6,994 7,182 7,409
14,031 11,863 11,090 11,501
28 377 -488 1,098
36,879 38,499 37,590 39,421
-32,939 -33,095 -32,978 -36,316
244 244 234 248
47,789 47,734 45,789 48,621
-7,138 -7,179 -5,924 -6,279
40,650 40,555 39,866 42,342
24,070 23,313 23,474 24,815
7,361 7,413 7,418 7,764
12,137 9,674 9,768 7,852
-452 458 -97 -505
36,630 37,773 37,016 38,762
-33,688 -33,332 -32,456 -34,400
-197 -194 -193 -190
45,860 45,104 44,929 44,096
-6,156 -6,433 -7,150 -5,577
39,704 38,671 37,779 38,519
21,415 20,922 20,714 22,163
7,548 6,938 6,934 7,082
7,406 6,643 5,915 5,329
-834 -289 -451 -690
36,331 37,668 35,571 36,333
-30,900 -30,898 -28,293 -30,946
-257 -257 -254 -247
40,709 40,727 40,135 39,025
-7,108 -7,555 -7,532 -6,168
33,601 33,172 32,603 32,857
20,336 20,134 20,357 21,764
6,658 6,443 6,423 6,698
4,969 5,216 4,050 3,839
-564 -21 171 -438
37,206 40,418 40,414 39,635
-29,703 -32,355 -31,691 -34,151
46 47 47 44
38,949 39,881 39,770 37,392
-8,179 -8,026 -6,933 -4,647
30,769 31,856 32,837 32,745
29 676 586 -760
40,201 41,945 41,186 41,944
-32,430 -33,423 -31,600 -34,239
45 47 47 45
38,575 39,779 39,553 38,531
-8,130 -8,526 -8,274 -7,630
30,445 31,253 31,280 30,901
6.2 8.3 -1.4 -2.8 8.1 4.8
8.9 9.5 -1.1 -9.6 5.7 3.0
9.1 6.5 -5.2 -10.8 -2.9 0.3
11.4 5.4 -5.3 -14.5 -3.0 -3.4
2011 Q1 19,852 6,394 4,483 Q2 19,878 6,277 4,378 Q3 19,757 6,284 3,294 Q4 21,626 6,156 3,759 Percentage change on corresponding period of previous year 2006 9.4 10.1 10.9 2007 9.8 10.9 0.4 2008 1.9 5.0 -18.7 2009 -10.9 -4.8 -35.9 2010 -3.1 -8.0 -28.5 2011 -1.8 -4.2 -11.9 2006 Q1 Q2 Q3 Q4 2007 Q1 Q2 Q3 Q4
9.8 10.0 7.8 10.2
9.3 11.2 9.6 10.3
19.1 0.3 16.5 8.9
9.8 5.7 6.9 2.8
13.1 10.9 5.4 6.7
11.2 6.4 12.5 6.5
13.4 11.1 11.7 9.5
9.6 9.8 10.6 9.2
13.2 11.6 10.4 8.8
14.7 5.5 -9.6 -8.6
9.1 8.6 6.7 8.8
10.7 7.1 11.3 9.1
9.5 8.4 2.1 6.2
7.9 5.9 4.2 3.8
2008 Q1 Q2 Q3 Q4
6.5 2.0 1.4 -1.8
6.0 6.0 3.3 4.8
-13.5 -18.5 -11.9 -31.7
-0.7 -1.9 -1.5 -1.7
2.3 0.7 -1.6 -5.3
-4.0 -5.5 -1.9 -9.3
-2.3 -4.6 -5.2 -9.0
2009 Q1 Q2 Q3 Q4
-11.0 -10.3 -11.8 -10.7
2.5 -6.4 -6.5 -8.8
-39.0 -31.3 -39.4 -32.1
-0.8 -0.3 -3.9 -6.3
-8.3 -7.3 -12.8 -10.0
-11.2 -9.7 -10.7 -11.5
-15.4 -14.2 -13.7 -14.7
2010 Q1 Q2 Q3 Q4
-5.0 -3.8 -1.7 -1.8
-11.8 -7.1 -7.4 -5.4
-32.9 -21.5 -31.5 -28.0
2.4 7.3 13.6 9.1
-3.9 4.7 12.0 10.4
-4.3 -2.1 -0.9 -4.2
-8.4 -4.0 0.7 -0.3
2011 Q1 Q2 Q3 Q4
-2.4 -1.3 -2.9 -0.6
-4.0 -2.6 -2.2 -8.1
-9.8 -16.1 -18.7 -2.1
8.0 3.8 1.9 5.8
9.2 3.3 -0.3 0.3
-1.0 -0.3 -0.5 3.0
-1.1 -1.9 -4.7 -5.6
4
Table 3 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2009)* Period
Gross domestic fixed capital formation 38,634 39,514 35,483 25,293 18,988 16,973
Value of physical changes in stocks
Exports of goods and services
Imports of goods and services
2006 2007 2008 2009 2010 2011
Net exp. by central and local government on current goods and services 27,839 29,690 29,831 28,503 27,407 26,397
1,835 1,059 -597 -2,264 -907 498
142,028 153,981 152,293 145,902 155,102 161,472
-127,412 -137,520 -133,447 -121,037 -124,320 -123,445
169,195 177,963 172,674 160,596 159,906 161,034
-23,508 -26,810 -25,696 -28,363 -27,323 -31,801
145,260 150,856 146,661 132,233 132,584 129,232
2006 Q1 Q2 Q3 Q4
21,244 21,245 21,242 23,195
6,761 6,787 7,044 7,247
10,071 8,951 9,653 9,960
667 1,313 -528 384
34,177 35,947 35,472 36,431
-30,801 -31,822 -30,489 -34,299
41,806 42,384 42,130 42,875
-6,001 -5,784 -6,548 -5,174
35,697 36,494 35,465 37,604
22,655 22,600 22,758 24,535
7,337 7,261 7,465 7,627
11,367 9,526 9,104 9,517
8 440 -582 1,192
37,251 38,740 37,875 40,115
-33,755 -33,653 -33,390 -36,721
44,704 44,238 43,488 45,533
-6,998 -7,190 -5,939 -6,683
37,651 37,012 37,432 38,761
23,222 22,299 22,452 23,604
7,434 7,376 7,376 7,645
10,684 8,643 8,855 7,301
-474 448 -57 -513
37,546 38,865 37,498 38,384
-33,888 -33,377 -32,309 -33,874
44,241 43,482 43,173 41,777
-6,323 -6,622 -7,239 -5,512
37,814 36,794 35,926 36,128
2009 Q1 Q2 Q3 Q4
21,268 20,944 20,840 22,162
7,357 7,045 6,946 7,154
7,217 6,541 6,025 5,510
-843 -225 -510 -686
35,825 37,393 35,777 36,907
-30,321 -30,777 -28,532 -31,407
40,566 40,438 40,106 39,486
-7,047 -7,516 -7,573 -6,228
33,511 32,947 32,565 33,209
2010 Q1 Q2 Q3 Q4
20,942 20,688 20,836 22,106
6,978 6,706 6,689 7,033
5,115 5,441 4,305 4,128
-620 -44 180 -422
36,780 39,399 39,578 39,345
-29,218 -31,486 -30,651 -32,965
40,132 40,144 40,227 39,403
-8,110 -7,829 -6,789 -4,595
32,022 32,315 33,438 34,808
-33 626 646 -740
39,039 41,311 40,515 40,605
-30,464 -31,524 -29,659 -31,797
40,109 40,916 40,315 39,693
-7,922 -8,398 -8,134 -7,348
32,188 32,518 32,180 32,346
5.0 8.4 -1.1 -4.2 6.3 4.1
6.9 7.9 -3.0 -9.3 2.7 -0.7
5.3 5.2 -3.0 -7.0 -0.4 0.7
6.3 3.9 -2.8 -9.8 0.3 -2.5
2007 Q1 Q2 Q3 Q4 2008 Q1 Q2 Q3 Q4
2011 Q1 20,379 6,760 4,741 Q2 20,225 6,540 4,647 Q3 20,026 6,558 3,511 Q4 21,616 6,540 4,074 Percentage change on corresponding period of previous year 2006 6.8 4.9 4.5 2007 6.5 6.6 2.3 2008 -1.1 0.5 -10.2 2009 -6.9 -4.5 -28.7 2010 -0.8 -3.8 -24.9 2011 -2.7 -3.7 -10.6
GDP at Net factor constant income from market the rest of prices the world
€million GNP at constant market prices
Personal consumption of goods and services 86,926 92,548 91,576 85,214 84,571 82,245
2006 Q1 Q2 Q3 Q4
7.7 7.6 4.7 7.3
4.8 5.5 4.6 5.0
12.4 -6.0 8.1 4.2
7.5 5.0 5.6 2.3
10.0 8.6 3.4 5.8
7.0 4.4 6.6 3.4
8.1 8.1 4.4 4.8
2007 Q1 Q2 Q3 Q4
6.6 6.4 7.1 5.8
8.5 7.0 6.0 5.3
12.9 6.4 -5.7 -4.4
9.0 7.8 6.8 10.1
9.6 5.8 9.5 7.1
6.9 4.4 3.2 6.2
5.5 1.4 5.5 3.1
2.5 -1.3 -1.3 -3.8
1.3 1.6 -1.2 0.2
-6.0 -9.3 -2.7 -23.3
0.8 0.3 -1.0 -4.3
0.4 -0.8 -3.2 -7.8
-1.0 -1.7 -0.7 -8.2
0.4 -0.6 -4.0 -6.8
-8.4 -6.1 -7.2 -6.1
-1.0 -4.5 -5.8 -6.4
-32.5 -24.3 -32.0 -24.5
-4.6 -3.8 -4.6 -3.8
-10.5 -7.8 -11.7 -7.3
-8.3 -7.0 -7.1 -5.5
-11.4 -10.5 -9.4 -8.1
-5.1 -4.8 -3.7 -1.7
-29.1 -16.8 -28.6 -25.1
2.7 5.4 10.6 6.6
-3.6 2.3 7.4 5.0
-1.1 -0.7 0.3 -0.2
-4.4 -1.9 2.7 4.8
-3.1 -2.5 -2.0 -7.0
-7.3 -14.6 -18.5 -1.3
6.1 4.9 2.4 3.2
4.3 0.1 -3.2 -3.5
-0.1 1.9 0.2 0.7
0.5 0.6 -3.8 -7.1
2008 Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 Q4
2010 Q1 -1.5 Q2 -1.2 Q3 0.0 Q4 -0.3 2011 Q1 -2.7 Q2 -2.2 Q3 -3.9 Q4 -2.2 *Chain linked series not additive
5
Table 4 Gross Value Added at Constant Factor Cost by Sector of Origin and Gross National Product at Constant € million Market Prices (Chain linked annually and referenced to year 2009) - Seasonally Adjusted Period
Agric. forestry and fishing
Industry
of which Building and construct.
Dist. transport and comms.
Public admin. and defence
Other services (including rent)
GDP at constant factor cost
Taxes less subsidies
GDP at Net factor constant income from market the rest of prices the world
GNP at constant market prices
2006 Q1 Q2 Q3 Q4
813 794 711 701
10,789 11,306 10,985 10,804
2,296 2,237 2,289 2,235
5,816 5,806 5,776 5,948
1,403 1,408 1,426 1,423
16,829 17,007 17,413 17,769
36,400 36,719 37,153 37,139
5,548 5,525 5,577 5,470
41,958 42,146 42,669 42,499
-5,854 -5,469 -6,570 -5,696
35,978 36,654 35,903 36,711
2007 Q1 Q2 Q3 Q4
767 763 775 815
11,630 10,853 11,241 11,760
2,392 2,279 2,240 2,217
6,297 6,303 6,237 6,281
1,461 1,482 1,501 1,493
17,930 18,261 18,474 18,713
38,929 38,430 38,291 40,083
5,835 5,732 5,581 5,406
44,778 44,069 43,816 45,364
-6,769 -6,799 -5,827 -7,622
37,912 37,272 37,800 37,833
2008 Q1 Q2 Q3 Q4
774 769 804 742
11,217 11,150 11,231 10,443
2,357 2,255 2,101 1,852
6,287 6,059 5,955 5,778
1,533 1,564 1,561 1,539
18,263 17,996 18,221 17,956
38,859 38,295 38,513 37,288
5,389 5,080 4,818 4,608
44,283 43,323 43,310 41,811
-6,069 -6,217 -7,059 -6,406
38,110 37,128 36,174 35,248
2009 Q1 Q2 Q3 Q4
759 763 729 751
10,706 10,620 10,651 10,285
1,723 1,607 1,508 1,370
5,463 5,395 5,450 5,400
1,509 1,488 1,477 1,480
18,018 17,673 17,563 17,497
36,480 36,255 36,134 35,796
4,064 4,015 3,931 3,948
40,597 40,281 40,074 39,683
-6,744 -7,017 -7,351 -7,339
33,833 33,291 32,707 32,373
2010 Q1 Q2 Q3 Q4
743 746 765 793
11,363 10,845 10,980 11,243
1,123 1,124 1,070 1,021
5,385 5,334 5,311 5,239
1,463 1,443 1,447 1,440
17,482 17,329 17,206 17,096
36,358 36,042 36,202 35,951
3,790 3,861 3,915 3,809
40,189 39,909 40,127 39,721
-7,757 -7,234 -6,634 -5,427
32,413 32,663 33,517 33,925
2011 Q1 Q2 Q3 Q4
761 781 790 752
11,373 11,419 11,349 11,510
948 936 920 942
5,254 5,289 5,180 5,212
1,429 1,405 1,385 1,384
17,151 17,162 16,713 16,596
36,405 36,771 36,387 36,423
3,749 3,829 3,778 3,719
40,167 40,617 40,180 40,100
-7,571 -7,728 -7,969 -8,711
32,640 32,858 32,225 31,523
Percentage change on previous quarter 2006 Q1 Q2 Q3 Q4
-3.9 -2.4 -10.4 -1.4
1.8 4.8 -2.8 -1.6
3.5 -2.6 2.3 -2.3
3.6 -0.2 -0.5 3.0
0.7 0.3 1.3 -0.2
0.1 1.1 2.4 2.0
1.3 0.9 1.2 -0.0
9.2 -0.4 0.9 -1.9
2.5 0.4 1.2 -0.4
2.8 1.9 -2.0 2.2
2007 Q1 Q2 Q3 Q4
9.3 -0.5 1.6 5.1
7.6 -6.7 3.6 4.6
7.0 -4.7 -1.7 -1.0
5.9 0.1 -1.1 0.7
2.6 1.4 1.3 -0.6
0.9 1.8 1.2 1.3
4.8 -1.3 -0.4 4.7
6.7 -1.8 -2.6 -3.1
5.4 -1.6 -0.6 3.5
3.3 -1.7 1.4 0.1
2008 Q1 Q2 Q3 Q4
-5.0 -0.6 4.5 -7.8
-4.6 -0.6 0.7 -7.0
6.3 -4.3 -6.8 -11.9
0.1 -3.6 -1.7 -3.0
2.7 2.1 -0.2 -1.4
-2.4 -1.5 1.2 -1.5
-3.1 -1.5 0.6 -3.2
-0.3 -5.7 -5.2 -4.3
-2.4 -2.2 -0.0 -3.5
0.7 -2.6 -2.6 -2.6
2009 Q1 Q2 Q3 Q4
2.3 0.5 -4.4 3.0
2.5 -0.8 0.3 -3.4
-6.9 -6.8 -6.1 -9.2
-5.4 -1.2 1.0 -0.9
-1.9 -1.4 -0.7 0.2
0.3 -1.9 -0.6 -0.4
-2.2 -0.6 -0.3 -0.9
-11.8 -1.2 -2.1 0.4
-2.9 -0.8 -0.5 -1.0
-4.0 -1.6 -1.8 -1.0
2010 Q1 Q2 Q3 Q4
-1.0 0.5 2.5 3.7
10.5 -4.6 1.2 2.4
-18.0 0.0 -4.8 -4.6
-0.3 -1.0 -0.4 -1.3
-1.1 -1.4 0.3 -0.4
-0.1 -0.9 -0.7 -0.6
1.6 -0.9 0.4 -0.7
-4.0 1.9 1.4 -2.7
1.3 -0.7 0.5 -1.0
0.1 0.8 2.6 1.2
2011 Q1 Q2 Q3 Q4
-4.2 2.7 1.1 -4.8
1.2 0.4 -0.6 1.4
-7.1 -1.3 -1.7 2.4
0.3 0.7 -2.1 0.6
-0.8 -1.6 -1.5 -0.1
0.3 0.1 -2.6 -0.7
1.3 1.0 -1.0 0.1
-1.6 2.1 -1.3 -1.6
1.1 1.1 -1.1 -0.2
-3.8 0.7 -1.9 -2.2
6
Table 5 Expenditure on Gross National Product at Current Market Prices - Seasonally Adjusted Period
Personal Net exp. consumpby central tion of and local goods and government services on current goods and services
Gross domestic fixed capital formation
Value of physical changes in stocks
Exports of goods and services
Imports of goods and services
GDP at current market prices
Net factor income from the rest of the world
€million GNP at current market prices
2006 Q1 Q2 Q3 Q4
20,737 21,219 21,447 22,016
6,164 6,378 6,523 6,653
11,704 11,342 12,618 12,735
630 825 -28 232
34,758 34,885 35,793 35,299
-30,193 -30,715 -30,687 -31,857
43,810 43,846 45,643 45,022
-5,812 -5,406 -6,711 -5,404
38,076 38,427 39,037 39,396
2007 Q1 Q2 Q3 Q4
22,766 23,359 23,670 23,981
6,971 7,107 7,223 7,227
13,394 11,914 11,368 11,808
80 22 -164 1,069
37,910 37,839 38,142 38,572
-33,515 -32,835 -34,211 -34,722
48,004 47,626 46,226 48,070
-6,900 -6,774 -5,919 -7,030
41,189 40,800 40,420 40,887
2008 Q1 Q2 Q3 Q4
24,322 23,870 23,959 23,475
7,385 7,530 7,473 7,563
11,586 9,557 10,079 8,122
-354 129 55 -426
37,587 37,068 37,522 38,110
-34,332 -33,005 -33,704 -32,892
46,175 44,991 45,029 43,797
-5,907 -6,040 -7,076 -6,374
40,437 38,963 38,028 37,204
2009 Q1 Q2 Q3 Q4
21,721 21,447 21,116 20,902
7,574 7,050 6,989 6,890
7,109 6,433 6,148 5,552
-696 -589 -479 -484
37,184 36,920 36,007 35,895
-31,529 -30,539 -29,362 -29,642
41,121 40,594 39,944 38,946
-6,801 -7,062 -7,383 -7,185
34,443 33,440 32,563 31,780
2010 Q1 Q2 Q3 Q4
20,699 20,646 20,744 20,475
6,685 6,555 6,464 6,516
4,799 4,952 4,260 3,999
-414 -299 9 -133
38,006 39,548 40,860 39,338
-30,326 -31,920 -32,873 -32,765
39,473 39,649 39,419 37,459
-7,818 -7,428 -6,812 -5,454
31,740 32,081 32,588 31,754
2011 Q1 Q2 Q3 Q4
20,259 20,381 20,131 20,319
6,425 6,391 6,314 5,991
4,351 4,115 3,481 3,923
184 399 372 -403
40,978 41,009 41,592 41,766
-33,126 -32,925 -32,758 -32,904
39,155 39,495 39,108 38,743
-7,764 -7,850 -8,137 -9,017
31,532 31,436 30,906 30,051
Percentage change on previous quarter 2006 Q1 Q2 Q3 Q4
3.6 2.3 1.1 2.7
2.3 3.5 2.3 2.0
0.7 -3.1 11.3 0.9
1.4 0.4 2.6 -1.4
0.7 1.7 -0.1 3.8
4.0 0.1 4.1 -1.4
5.7 0.9 1.6 0.9
2007 Q1 Q2 Q3 Q4
3.4 2.6 1.3 1.3
4.8 2.0 1.6 0.1
5.2 -11.0 -4.6 3.9
7.4 -0.2 0.8 1.1
5.2 -2.0 4.2 1.5
6.6 -0.8 -2.9 4.0
4.6 -0.9 -0.9 1.2
2008 Q1 Q2 Q3 Q4
1.4 -1.9 0.4 -2.0
2.2 2.0 -0.8 1.2
-1.9 -17.5 5.5 -19.4
-2.6 -1.4 1.2 1.6
-1.1 -3.9 2.1 -2.4
-3.9 -2.6 0.1 -2.7
-1.1 -3.6 -2.4 -2.2
2009 Q1 Q2 Q3 Q4
-7.5 -1.3 -1.5 -1.0
0.1 -6.9 -0.9 -1.4
-12.5 -9.5 -4.4 -9.7
-2.4 -0.7 -2.5 -0.3
-4.1 -3.1 -3.9 1.0
-6.1 -1.3 -1.6 -2.5
-7.4 -2.9 -2.6 -2.4
2010 Q1 Q2 Q3 Q4
-1.0 -0.3 0.5 -1.3
-3.0 -1.9 -1.4 0.8
-13.6 3.2 -14.0 -6.1
5.9 4.1 3.3 -3.7
2.3 5.3 3.0 -0.3
1.4 0.4 -0.6 -5.0
-0.1 1.1 1.6 -2.6
2011 Q1 Q2 Q3 Q4
-1.1 0.6 -1.2 0.9
-1.4 -0.5 -1.2 -5.1
8.8 -5.4 -15.4 12.7
4.2 0.1 1.4 0.4
1.1 -0.6 -0.5 0.4
4.5 0.9 -1.0 -0.9
-0.7 -0.3 -1.7 -2.8
7
Table 6 Expenditure on Gross National Product at Constant Market Prices (Chain linked annually and referenced to year 2009) - Seasonally Adjusted Period
Personal Net exp. consumpby central tion of and local goods and government services on current goods and services
Gross domestic fixed capital formation
Value of physical changes in stocks
Exports of goods and services
Imports of goods and services
GDP at constant market prices
Net factor income from the rest of the world
€million GNP at constant market prices
2006 Q1 Q2 Q3 Q4
21,326 21,673 21,718 22,165
6,794 6,925 7,035 7,089
9,505 9,107 9,933 10,145
674 929 -83 295
35,211 35,407 36,038 35,424
-31,226 -31,789 -31,532 -32,712
41,958 42,146 42,669 42,499
-5,854 -5,469 -6,570 -5,696
35,978 36,654 35,903 36,711
2007 Q1 Q2 Q3 Q4
22,761 23,083 23,247 23,407
7,357 7,398 7,490 7,453
10,700 9,664 9,326 9,805
77 64 -265 1,168
38,365 38,095 38,407 39,173
-34,357 -33,584 -34,553 -34,945
44,778 44,069 43,816 45,364
-6,769 -6,799 -5,827 -7,622
37,912 37,272 37,800 37,833
2008 Q1 Q2 Q3 Q4
23,377 22,792 22,915 22,471
7,436 7,514 7,425 7,463
10,083 8,629 9,123 7,555
-349 101 82 -436
38,643 38,144 37,953 37,657
-34,611 -33,242 -33,436 -32,207
44,283 43,323 43,310 41,811
-6,069 -6,217 -7,059 -6,406
38,110 37,128 36,174 35,248
2009 Q1 Q2 Q3 Q4
21,464 21,419 21,247 21,061
7,345 7,178 7,005 6,981
6,869 6,405 6,248 5,724
-672 -538 -559 -482
36,820 36,660 36,124 36,367
-31,076 -30,575 -29,495 -29,887
40,597 40,281 40,074 39,683
-6,744 -7,017 -7,351 -7,339
33,833 33,291 32,707 32,373
2010 Q1 Q2 Q3 Q4
21,189 21,157 21,230 20,983
6,956 6,839 6,747 6,866
4,913 5,222 4,518 4,277
-437 -328 -7 -118
37,770 38,579 39,877 38,929
-30,036 -31,181 -31,672 -31,397
40,189 39,909 40,127 39,721
-7,757 -7,234 -6,634 -5,427
32,413 32,663 33,517 33,925
2011 Q1 Q2 Q3 Q4
20,654 20,679 20,400 20,506
6,733 6,674 6,611 6,389
4,586 4,415 3,702 4,221
154 343 409 -386
40,035 40,435 40,752 40,287
-31,388 -31,134 -30,639 -30,319
40,167 40,617 40,180 40,100
-7,571 -7,728 -7,969 -8,711
32,640 32,858 32,225 31,523
Percentage change on previous quarter 2006 Q1 Q2 Q3 Q4
3.1 1.6 0.2 2.1
0.6 1.9 1.6 0.8
-1.8 -4.2 9.1 2.1
2.0 0.6 1.8 -1.7
0.5 1.8 -0.8 3.7
2.5 0.4 1.2 -0.4
2.8 1.9 -2.0 2.2
2007 Q1 Q2 Q3 Q4
2.7 1.4 0.7 0.7
3.8 0.6 1.2 -0.5
5.5 -9.7 -3.5 5.1
8.3 -0.7 0.8 2.0
5.0 -2.3 2.9 1.1
5.4 -1.6 -0.6 3.5
3.3 -1.7 1.4 0.1
2008 Q1 Q2 Q3 Q4
-0.1 -2.5 0.5 -1.9
-0.2 1.1 -1.2 0.5
2.8 -14.4 5.7 -17.2
-1.4 -1.3 -0.5 -0.8
-1.0 -4.0 0.6 -3.7
-2.4 -2.2 -0.0 -3.5
0.7 -2.6 -2.6 -2.6
2009 Q1 Q2 Q3 Q4
-4.5 -0.2 -0.8 -0.9
-1.6 -2.3 -2.4 -0.3
-9.1 -6.7 -2.5 -8.4
-2.2 -0.4 -1.5 0.7
-3.5 -1.6 -3.5 1.3
-2.9 -0.8 -0.5 -1.0
-4.0 -1.6 -1.8 -1.0
2010 Q1 Q2 Q3 Q4
0.6 -0.2 0.3 -1.2
-0.4 -1.7 -1.3 1.8
-14.2 6.3 -13.5 -5.3
3.9 2.1 3.4 -2.4
0.5 3.8 1.6 -0.9
1.3 -0.7 0.5 -1.0
0.1 0.8 2.6 1.2
2011 Q1 Q2 Q3 Q4
-1.6 0.1 -1.4 0.5
-1.9 -0.9 -0.9 -3.4
7.2 -3.7 -16.1 14.0
2.8 1.0 0.8 -1.1
-0.0 -0.8 -1.6 -1.0
1.1 1.1 -1.1 -0.2
-3.8 0.7 -1.9 -2.2
8
Annex 1 - Trade Summary: Quarterly Breakdown of trade into goods/services at current and constant prices Trade at Current Prices Trade at Constant Prices Exports Imports Exports 2006 Q1 Q2 Q3 Q4
2007 Q1 Q2 Q3 Q4
2008 Q1 Q2 Q3 Q4
2009 Q1 Q2 Q3 Q4
2010 Q1 Q2 Q3 Q4
2011 Q1 Q2 Q3 Q4
€ million
Imports
Total
Goods
Services
Total
Goods
Services
Total
Goods
Services
Total
Goods
Services
33,803 35,455 35,233 36,216 140,707
20,393 20,822 20,474 20,926 82,614
13,410 14,634 14,759 15,290 58,093
29,764 30,901 29,634 33,275 123,574
15,033 14,316 13,882 15,920 59,150
14,731 16,585 15,752 17,355 64,424
34,177 35,947 35,472 36,431 142,028
19,286 19,970 19,484 19,911 78,651
14,891 15,978 15,988 16,520 63,377
30,801 31,822 30,489 34,299 127,412
14,584 13,868 13,523 15,618 57,593
16,217 17,953 16,967 18,681 69,818
36,879 38,499 37,590 39,421 152,389
20,992 21,592 20,053 21,442 84,079
15,887 16,907 17,537 17,979 68,310
32,939 33,095 32,978 36,316 135,328
16,805 15,446 14,977 17,040 64,268
16,134 17,649 18,001 19,276 71,060
37,251 38,740 37,875 40,115 153,981
20,281 20,943 19,616 21,452 82,292
16,970 17,797 18,259 18,663 71,689
33,755 33,653 33,390 36,721 137,520
16,492 15,091 14,569 16,597 62,748
17,264 18,562 18,821 20,124 74,771
36,630 37,773 37,016 38,762 150,181
20,019 20,293 19,666 21,059 81,037
16,611 17,480 17,350 17,703 69,144
33,688 33,332 32,456 34,400 133,877
15,446 14,479 13,857 13,445 57,227
18,242 18,853 18,599 20,955 76,650
37,546 38,865 37,498 38,384 152,293
20,448 21,164 19,984 20,454 82,051
17,098 17,700 17,514 17,930 70,242
33,888 33,377 32,309 33,874 133,447
14,829 13,936 13,255 12,580 54,600
19,059 19,442 19,054 21,293 78,848
36,331 37,668 35,571 36,333 145,902
20,329 20,390 18,665 18,261 77,645
16,002 17,278 16,906 18,072 68,257
30,900 30,898 28,293 30,946 121,037
12,245 11,389 10,468 11,076 45,178
18,655 19,509 17,825 19,870 75,859
35,825 37,393 35,777 36,907 145,902
19,933 20,226 18,825 18,661 77,645
15,893 17,167 16,952 18,246 68,257
30,321 30,777 28,532 31,407 121,037
11,772 11,390 10,647 11,368 45,178
18,549 19,387 17,884 20,039 75,859
37,206 40,418 40,414 39,635 157,673
20,308 21,653 21,344 19,639 82,944
16,898 18,765 19,070 19,996 74,729
29,703 32,355 31,691 34,151 127,901
11,131 11,785 11,380 12,152 46,448
18,572 20,570 20,311 21,999 81,453
36,780 39,399 39,578 39,345 155,102
20,214 21,061 20,954 19,784 82,013
16,566 18,338 18,624 19,560 73,088
29,218 31,486 30,651 32,965 124,320
10,905 11,359 10,759 11,337 44,360
18,313 20,127 19,892 21,628 79,959
40,201 41,945 41,186 41,944 165,277
21,693 21,820 21,258 20,487 85,258
18,508 20,125 19,928 21,457 80,019
32,430 33,423 31,600 34,239 131,692
12,575 12,597 11,397 12,293 48,862
19,855 20,826 20,203 21,946 82,830
39,039 41,311 40,515 40,605 161,472
21,561 21,948 21,300 19,987 84,796
17,478 19,363 19,216 20,618 76,676
30,464 31,524 29,659 31,797 123,445
11,139 11,296 10,019 10,671 43,125
19,325 20,228 19,641 21,126 80,320
% growth rate year on year 2006 Q1 Q2 Q3 Q4
9.8 5.7 6.9 2.8
4.6 -1.6 1.6 -5.6
18.8 18.3 15.2 17.0
13.1 10.9 5.4 6.7
14.2 3.6 7.6 4.6
12.1 18.2 3.6 8.7
7.5 5.0 5.6 2.3
3.0 -0.6 1.6 -4.6
14.0 13.1 10.8 12.2
10.0 8.6 3.4 5.8
9.6 0.4 4.6 3.7
10.4 15.9 2.4 7.6
2007 Q1 Q2 Q3 Q4
9.1 8.6 6.7 8.8
2.9 3.7 -2.1 2.5
18.5 15.5 18.8 17.6
10.7 7.1 11.3 9.1
11.8 7.9 7.9 7.0
9.5 6.4 14.3 11.1
9.0 7.8 6.8 10.1
5.2 4.9 0.7 7.7
14.0 11.4 14.2 13.0
9.6 5.8 9.5 7.1
13.1 8.8 7.7 6.3
6.5 3.4 10.9 7.7
2008 Q1 Q2 Q3 Q4
-0.7 -1.9 -1.5 -1.7
-4.6 -6.0 -1.9 -1.8
4.6 3.4 -1.1 -1.5
2.3 0.7 -1.6 -5.3
-8.1 -6.3 -7.5 -21.1
13.1 6.8 3.3 8.7
0.8 0.3 -1.0 -4.3
0.8 1.1 1.9 -4.7
0.8 -0.5 -4.1 -3.9
0.4 -0.8 -3.2 -7.8
-10.1 -7.7 -9.0 -24.2
10.4 4.7 1.2 5.8
2009 Q1 Q2 Q3 Q4
-0.8 -0.3 -3.9 -6.3
1.5 0.5 -5.1 -13.3
-3.7 -1.2 -2.6 2.1
-8.3 -7.3 -12.8 -10.0
-20.7 -21.3 -24.5 -17.6
2.3 3.5 -4.2 -5.2
-4.6 -3.8 -4.6 -3.8
-2.5 -4.4 -5.8 -8.8
-7.1 -3.0 -3.2 1.8
-10.5 -7.8 -11.7 -7.3
-20.6 -18.3 -19.7 -9.6
-2.7 -0.3 -6.1 -5.9
2010 Q1 Q2 Q3 Q4
2.4 7.3 13.6 9.1
-0.1 6.2 14.4 7.5
5.6 8.6 12.8 10.6
-3.9 4.7 12.0 10.4
-9.1 3.5 8.7 9.7
-0.4 5.4 13.9 10.7
2.7 5.4 10.6 6.6
1.4 4.1 11.3 6.0
4.2 6.8 9.9 7.2
-3.6 2.3 7.4 5.0
-7.4 -0.3 1.1 -0.3
-1.3 3.8 11.2 7.9
2011 Q1 Q2 Q3 Q4
8.0 3.8 1.9 5.8
6.8 0.8 -0.4 4.3
9.5 7.3 4.5 7.3
9.2 3.3 -0.3 0.3
13.0 6.9 0.1 1.2
6.9 1.2 -0.5 -0.2
6.1 4.9 2.4 3.2
6.7 4.2 1.7 1.0
5.5 5.6 3.2 5.4
4.3 0.1 -3.2 -3.5
2.1 -0.6 -6.9 -5.9
5.5 0.5 -1.3 -2.3
9
Annex 2 Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost (Chain linked annually and referenced to year 2009) - Non-Seasonally Adjusted and Seasonally Adjusted NON-SEASONALLY ADJUSTED of which Transportable Goods Industries and Utilities
SEASONALLY ADJUSTED
Period
Industry
of which Building and construct.
2006 Q1 Q2 Q3 Q4
10,873 11,785 10,381 10,799
8,404 9,529 7,750 8,228
2,250 2,153 2,335 2,316
10,789 11,306 10,985 10,804
8,252 8,934 8,432 8,311
2,296 2,237 2,289 2,235
2007 Q1 Q2 Q3 Q4
11,806 11,273 10,694 11,632
9,279 8,964 8,129 9,160
2,350 2,182 2,295 2,306
11,630 10,853 11,241 11,760
9,038 8,440 8,770 9,369
2,392 2,279 2,240 2,217
2008 Q1 Q2 Q3 Q4
11,488 11,529 10,727 10,265
9,000 9,288 8,394 8,212
2,304 2,147 2,158 1,949
11,217 11,150 11,231 10,443
8,672 8,809 8,989 8,466
2,357 2,255 2,101 1,852
2009 Q1 Q2 Q3 Q4
11,033 10,944 10,197 10,063
9,355 9,443 8,634 8,599
1,666 1,523 1,549 1,467
10,706 10,620 10,651 10,285
8,950 9,014 9,183 8,927
1,723 1,607 1,508 1,370
2010 Q1 Q2 Q3 Q4
11,772 11,156 10,502 10,990
10,702 10,094 9,406 9,878
1,070 1,062 1,096 1,112
11,363 10,845 10,980 11,243
10,171 9,683 9,974 10,282
1,123 1,124 1,070 1,021
2011 Q1 Q2 Q3 Q4
11,809 11,747 10,834 11,248
10,917 10,865 9,894 10,210
892 882 940 1,038
11,373 11,419 11,349 11,510
10,345 10,439 10,489 10,645
948 936 920 942
Percentage change on corresponding period of previous year
Industry
of which Transportable Goods Industries and Utilities
of which Building and construct.
Percentage change on previous quarter
2006 Q1 Q2 Q3 Q4
7.0 8.7 7.2 1.0
5.2 11.5 7.8 1.0
12.8 1.8 4.6 0.4
1.8 4.8 -2.8 -1.6
1.4 8.3 -5.6 -1.4
3.5 -2.6 2.3 -2.3
2007 Q1 Q2 Q3 Q4
8.6 -4.3 3.0 7.7
10.4 -5.9 4.9 11.3
4.4 1.4 -1.7 -0.5
7.6 -6.7 3.6 4.6
8.8 -6.6 3.9 6.8
7.0 -4.7 -1.7 -1.0
2008 Q1 Q2 Q3 Q4
-2.7 2.3 0.3 -11.8
-3.0 3.6 3.3 -10.3
-2.0 -1.6 -5.9 -15.5
-4.6 -0.6 0.7 -7.0
-7.4 1.6 2.0 -5.8
6.3 -4.3 -6.8 -11.9
2009 Q1 Q2 Q3 Q4
-4.0 -5.1 -4.9 -2.0
3.9 1.7 2.9 4.7
-27.7 -29.1 -28.2 -24.7
2.5 -0.8 0.3 -3.4
5.7 0.7 1.9 -2.8
-6.9 -6.8 -6.1 -9.2
2010 Q1 Q2 Q3 Q4
6.7 1.9 3.0 9.2
14.4 6.9 9.0 14.9
-35.8 -30.3 -29.3 -24.2
10.5 -4.6 1.2 2.4
13.9 -4.8 3.0 3.1
-18.0 0.0 -4.8 -4.6
2011 Q1 Q2 Q3 Q4
0.3 5.3 3.2 2.3
2.0 7.6 5.2 3.4
-16.6 -16.9 -14.2 -6.6
1.2 0.4 -0.6 1.4
0.6 0.9 0.5 1.5
-7.1 -1.3 -1.7 2.4
10
€ million
Annex 3A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2009) - Non Seasonally Adjusted € million CURRENT MARKET PRICES Period
Personal
CONSTANT MARKET PRICES
Net exp. by central and local government on current goods and services
Gross domestic fixed capital formation
Final Domestic Demand
Value of physical changes in stocks
Total Domestic Demand
85,495 93,872 95,671 85,214 82,592 81,113
25,719 28,530 29,955 28,503 26,222 25,111
48,311 48,486 39,430 25,293 18,074 15,915
159,525 170,887 165,057 139,010 126,888 122,138
1,672 1,015 -596 -2,264 -852 530
20,618 20,813 20,941 23,124 85,495
6,138 6,264 6,507 6,811 25,719
12,228 11,240 12,265 12,578 48,311
38,984 38,317 39,713 42,513 159,525
22,600 22,852 23,159 25,260 93,872
6,946 6,994 7,182 7,409 28,530
14,031 11,863 11,090 11,501 48,486
24,070 23,313 23,474 24,815 95,671
7,361 7,413 7,418 7,764 29,955
21,415 20,922 20,714 22,163 85,214 20,336 20,134 20,357 21,764 82,592
Personal consumption of goods and services
Net exp. by central and local government on current goods and services
Gross domestic fixed capital formation
Final Domestic Demand
Value of physical changes in stocks
Total Domestic Demand
161,198 171,902 164,460 136,746 126,036 122,668
86,926 92,548 91,576 85,214 84,571 82,245
27,839 29,690 29,831 28,503 27,407 26,397
38,634 39,514 35,483 25,293 18,988 16,973
154,852 162,949 157,421 139,010 130,966 125,616
1,835 1,059 -597 -2,264 -907 498
156,363 163,767 156,732 136,746 130,059 126,115
626 1,190 -478 334 1,672
39,610 39,506 39,235 42,847 161,198
21,244 21,245 21,242 23,195 86,926
6,761 6,787 7,044 7,247 27,839
10,071 8,951 9,653 9,960 38,634
38,555 37,248 38,307 40,743 154,852
667 1,313 -528 384 1,835
39,120 38,396 37,796 41,052 156,363
43,577 41,709 41,432 44,170 170,887
28 377 -488 1,098 1,015
43,604 42,086 40,943 45,268 171,902
22,655 22,600 22,758 24,535 92,548
7,337 7,261 7,465 7,627 29,690
11,367 9,526 9,104 9,517 39,514
42,007 39,652 39,473 41,817 162,949
8 440 -582 1,192 1,059
41,984 40,012 38,930 42,841 163,767
12,137 9,674 9,768 7,852 39,430
43,567 40,400 40,660 40,430 165,057
-452 458 -97 -505 -596
43,115 40,857 40,563 39,924 164,460
23,222 22,299 22,452 23,604 91,576
7,434 7,376 7,376 7,645 29,831
10,684 8,643 8,855 7,301 35,483
41,772 38,438 38,835 38,376 157,421
-474 448 -57 -513 -597
41,300 38,812 38,747 37,873 156,732
7,548 6,938 6,934 7,082 28,503
7,406 6,643 5,915 5,329 25,293
36,369 34,503 33,563 34,575 139,010
-834 -289 -451 -690 -2,264
35,534 34,214 33,112 33,885 136,746
21,268 20,944 20,840 22,162 85,214
7,357 7,045 6,946 7,154 28,503
7,217 6,541 6,025 5,510 25,293
35,886 34,548 33,803 34,773 139,010
-843 -225 -510 -686 -2,264
35,056 34,307 33,291 34,092 136,746
6,658 6,443 6,423 6,698 26,222
4,969 5,216 4,050 3,839 18,074
31,963 31,793 30,830 32,302 126,888
-564 -21 171 -438 -852
31,399 31,772 31,001 31,864 126,036
20,942 20,688 20,836 22,106 84,571
6,978 6,706 6,689 7,033 27,407
5,115 5,441 4,305 4,128 18,988
33,035 32,835 31,830 33,266 130,966
-620 -44 180 -422 -907
32,415 32,791 32,009 32,844 130,059
19,852 6,394 4,483 30,729 19,878 6,277 4,378 30,533 19,757 6,284 3,294 29,335 21,626 6,156 3,759 31,540 81,113 25,111 15,915 122,138 Percentage change on corresponding period of previous year
29 676 586 -760 530
30,758 31,209 29,921 30,781 122,668
20,379 6,760 4,741 31,880 -33 20,225 6,540 4,647 31,411 626 20,026 6,558 3,511 30,094 646 21,616 6,540 4,074 32,231 -740 82,245 26,397 16,973 125,616 498 Percentage change on corresponding period of previous year
31,847 32,037 30,740 31,491 126,115
consumption of goods and services
2006 2007 2008 2009 2010 2011 2006 Q1 Q2 Q3 Q4 2007 Q1 Q2 Q3 Q4 2008 Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3 Q4 2011 Q1 Q2 Q3 Q4
2006 Q1 Q2 Q3 Q4
9.8 10.0 7.8 10.2
9.3 11.2 9.6 10.3
19.1 0.3 16.5 8.9
12.5 7.1 10.6 9.8
12.9 9.5 11.0 9.0
7.7 7.6 4.7 7.3
4.8 5.5 4.6 5.0
12.4 -6.0 8.1 4.2
8.6 3.0 5.7 6.0
8.7 5.2 6.2 5.5
2007 Q1 Q2 Q3 Q4
9.6 9.8 10.6 9.2
13.2 11.6 10.4 8.8
14.7 5.5 -9.6 -8.6
11.8 8.9 4.3 3.9
10.1 6.5 4.4 5.7
6.6 6.4 7.1 5.8
8.5 7.0 6.0 5.3
12.9 6.4 -5.7 -4.4
9.0 6.5 3.0 2.6
7.3 4.2 3.0 4.4
2008 Q1 Q2 Q3 Q4
6.5 2.0 1.4 -1.8
6.0 6.0 3.3 4.8
-13.5 -18.5 -11.9 -31.7
0.0 -3.1 -1.9 -8.5
-1.1 -2.9 -0.9 -11.8
2.5 -1.3 -1.3 -3.8
1.3 1.6 -1.2 0.2
-6.0 -9.3 -2.7 -23.3
-0.6 -3.1 -1.6 -8.2
-1.6 -3.0 -0.5 -11.6
2009 Q1 Q2 Q3 Q4
-11.0 -10.3 -11.8 -10.7
2.5 -6.4 -6.5 -8.8
-39.0 -31.3 -39.4 -32.1
-16.5 -14.6 -17.5 -14.5
-17.6 -16.3 -18.4 -15.1
-8.4 -6.1 -7.2 -6.1
-1.0 -4.5 -5.8 -6.4
-32.5 -24.3 -32.0 -24.5
-14.1 -10.1 -13.0 -9.4
-15.1 -11.6 -14.1 -10.0
2010 Q1 Q2 Q3 Q4
-5.0 -3.8 -1.7 -1.8
-11.8 -7.1 -7.4 -5.4
-32.9 -21.5 -31.5 -28.0
-12.1 -7.9 -8.1 -6.6
-11.6 -7.1 -6.4 -6.0
-1.5 -1.2 0.0 -0.3
-5.1 -4.8 -3.7 -1.7
-29.1 -16.8 -28.6 -25.1
-7.9 -5.0 -5.8 -4.3
-7.5 -4.4 -3.8 -3.7
2011 Q1 Q2 Q3 Q4
-2.4 -1.3 -2.9 -0.6
-4.0 -2.6 -2.2 -8.1
-9.8 -16.1 -18.7 -2.1
-3.9 -4.0 -4.8 -2.4
-2.0 -1.8 -3.5 -3.4
-2.7 -2.2 -3.9 -2.2
-3.1 -2.5 -2.0 -7.0
-7.3 -14.6 -18.5 -1.3
-3.5 -4.3 -5.5 -3.1
-1.8 -2.3 -4.0 -4.1
*Chain linked series not additive
11
Annex 3B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2009) € million - Seasonally Adjusted CURRENT MARKET PRICES Period
Personal consumption of goods and services
CONSTANT MARKET PRICES
Net exp. by central and local government on current goods and services
Gross domestic fixed capital formation
Final Domestic Demand
Value of physical changes in stocks
Total Domestic Demand
Personal consumption of goods and services
Net exp. by central and local government on current goods and services
Gross domestic fixed capital formation
Final Domestic Demand
Value of physical changes in stocks
Total Domestic Demand
2006 Q1 Q2 Q3 Q4
20,737 21,219 21,447 22,016
6,164 6,378 6,523 6,653
11,704 11,342 12,618 12,735
38,730 38,938 40,538 41,254
630 825 -28 232
39,385 39,772 40,559 41,358
21,326 21,673 21,718 22,165
6,794 6,925 7,035 7,089
9,505 9,107 9,933 10,145
38,138 37,894 39,020 39,773
674 929 -83 295
38,629 38,682 39,080 39,891
2007 Q1 Q2 Q3 Q4
22,766 23,359 23,670 23,981
6,971 7,107 7,223 7,227
13,394 11,914 11,368 11,808
43,321 42,441 42,228 42,808
80 22 -164 1,069
43,501 42,454 42,093 43,689
22,761 23,083 23,247 23,407
7,357 7,398 7,490 7,453
10,700 9,664 9,326 9,805
41,561 40,337 40,184 40,803
77 64 -265 1,168
41,567 40,341 40,083 41,642
2008 Q1 Q2 Q3 Q4
24,322 23,870 23,959 23,475
7,385 7,530 7,473 7,563
11,586 9,557 10,079 8,122
43,442 41,064 41,444 39,073
-354 129 55 -426
43,239 41,194 41,484 38,546
23,377 22,792 22,915 22,471
7,436 7,514 7,425 7,463
10,083 8,629 9,123 7,555
41,436 39,011 39,569 37,371
-349 101 82 -436
41,088 39,076 39,714 36,836
2009 Q1 Q2 Q3 Q4
21,721 21,447 21,116 20,902
7,574 7,050 6,989 6,890
7,109 6,433 6,148 5,552
36,429 35,003 34,214 33,329
-696 -589 -479 -484
35,846 34,450 33,670 32,786
21,464 21,419 21,247 21,061
7,345 7,178 7,005 6,981
6,869 6,405 6,248 5,724
35,737 34,969 34,463 33,800
-672 -538 -559 -482
35,081 34,469 33,936 33,239
2010 Q1 Q2 Q3 Q4
20,699 20,646 20,744 20,475
6,685 6,555 6,464 6,516
4,799 4,952 4,260 3,999
32,167 32,163 31,461 31,071
-414 -299 9 -133
31,822 31,910 31,423 30,886
21,189 21,157 21,230 20,983
6,956 6,839 6,747 6,866
4,913 5,222 4,518 4,277
33,032 33,127 32,499 32,278
-437 -328 -7 -118
32,591 32,851 32,524 32,085
2011 Q1 Q2 Q3 Q4
20,259 20,381 20,131 20,319
6,425 6,391 6,314 5,991
4,351 4,115 3,481 3,923
31,015 30,849 29,940 30,320
184 399 372 -403
31,250 31,299 30,279 29,891
20,654 20,679 20,400 20,506
6,733 6,674 6,611 6,389
4,586 4,415 3,702 4,221
31,955 31,644 30,741 31,254
154 343 409 -386
32,105 32,039 31,188 30,819
Percentage change on previous quarter
Percentage change on previous quarter
2006 Q1 Q2 Q3 Q4
3.6 2.3 1.1 2.7
2.3 3.5 2.3 2.0
0.7 -3.1 11.3 0.9
3.0 0.5 4.1 1.8
3.6 1.0 2.0 2.0
3.1 1.6 0.2 2.1
0.6 1.9 1.6 0.8
-1.8 -4.2 9.1 2.1
1.6 -0.6 3.0 1.9
2.0 0.1 1.0 2.1
2007 Q1 Q2 Q3 Q4
3.4 2.6 1.3 1.3
4.8 2.0 1.6 0.1
5.2 -11.0 -4.6 3.9
5.0 -2.0 -0.5 1.4
5.2 -2.4 -0.8 3.8
2.7 1.4 0.7 0.7
3.8 0.6 1.2 -0.5
5.5 -9.7 -3.5 5.1
4.5 -2.9 -0.4 1.5
4.2 -3.0 -0.6 3.9
2008 Q1 Q2 Q3 Q4
1.4 -1.9 0.4 -2.0
2.2 2.0 -0.8 1.2
-1.9 -17.5 5.5 -19.4
1.5 -5.5 0.9 -5.7
-1.0 -4.7 0.7 -7.1
-0.1 -2.5 0.5 -1.9
-0.2 1.1 -1.2 0.5
2.8 -14.4 5.7 -17.2
1.6 -5.9 1.4 -5.6
-1.3 -4.9 1.6 -7.2
2009 Q1 Q2 Q3 Q4
-7.5 -1.3 -1.5 -1.0
0.1 -6.9 -0.9 -1.4
-12.5 -9.5 -4.4 -9.7
-6.8 -3.9 -2.3 -2.6
-7.0 -3.9 -2.3 -2.6
-4.5 -0.2 -0.8 -0.9
-1.6 -2.3 -2.4 -0.3
-9.1 -6.7 -2.5 -8.4
-4.4 -2.1 -1.4 -1.9
-4.8 -1.7 -1.5 -2.1
2010 Q1 Q2 Q3 Q4
-1.0 -0.3 0.5 -1.3
-3.0 -1.9 -1.4 0.8
-13.6 3.2 -14.0 -6.1
-3.5 0.0 -2.2 -1.2
-2.9 0.3 -1.5 -1.7
0.6 -0.2 0.3 -1.2
-0.4 -1.7 -1.3 1.8
-14.2 6.3 -13.5 -5.3
-2.3 0.3 -1.9 -0.7
-2.0 0.8 -1.0 -1.4
2011 Q1 Q2 Q3 Q4
-1.1 0.6 -1.2 0.9
-1.4 -0.5 -1.2 -5.1
8.8 -5.4 -15.4 12.7
-0.2 -0.5 -2.9 1.3
1.2 0.2 -3.3 -1.3
-1.6 0.1 -1.4 0.5
-1.9 -0.9 -0.9 -3.4
7.2 -3.7 -16.1 14.0
-1.0 -1.0 -2.9 1.7
0.1 -0.2 -2.7 -1.2
12
Central Statistics Office
Quarterly National Accounts
Background Notes Introduction This release gives the official quarterly national accounts estimates for Ireland. It provides the
first set of results for quarter 4 of 2011. These are compiled in accordance with the ESA95 system of accounts, as used in all member states of the European Union. The aggregates shown have been derived from a wide variety of sources. As some of the available sources are of lesser reliability than those used for the annual national accounts, the quarterly estimates given in this release have a higher margin of error than the annual figures. Revisions Minor revisions have been made to the previously published figures for 2011. Current Price For the annual accounts, GDP at current prices is calculated using two independent approaches
i.e. the income and expenditure methods. On a quarterly basis, it is not possible to compile a reliable income based estimate. The estimates in current prices are on the expenditure basis only and these are supplied in Table 2. The balancing item (i.e. the statistical discrepancy) which is required to adjust the expenditure based estimate to the definitive measure of GDP (the average of income and expenditure) has been projected forward into 2011 in line with the trend in the aggregate of all the other expenditure items. Volumes At constant prices, two measures (output and expenditure) are used. These measures are now
being produced using annual chain linked indices. On the output side, for each quarter, the volume growth measures at a detailed level are weighted together using value added weights of the previous year. Similarly, on the expenditure side, the growth estimates are weighted by expenditure weights of the previous year. The average of the two measures is the growth measure used. The change over a period of years is then calculated by linking together the annual changes. The estimates in this release are referenced to 2009 values. A consequence of this method is that the individual components of GDP at reference year values do not add to the total. Definitions Gross Domestic Product (GDP) represents the total value added (output) in the production of
goods and services in the country. Net factor income from the rest of the world (NFI) is the difference between investment income (interest, profits etc.,) and labour income earned abroad by Irish resident persons and companies (inflows) and similar incomes earned in Ireland by non-residents (outflows). The data are taken from the Balance of Payments statistics. However the components of interest flows involving banks in this item in the national accounts are constructed on the basis of “pure” interest rates (that is exclusive of FISIM) whereas in the balance of payments the FISIM adjustment is not carried out. There is an equal and opposite adjustment then made to the imports and exports of services in the national accounts which is not made to these items in the balance of payments. The deflator used to generate the constant price figures is based on the implied quarterly price index for the exports of goods and services. In some years exceptional income payments have had to be deflated individually. Gross National Product (GNP) is the sum of GDP and NFI. Because NFI is the difference between two large gross flows, its magnitude can fluctuate greatly from one quarter to another. This can lead to significant differences between the GDP and GNP growth rate for the same quarter. Methodology
Table 1: Output Measure The estimation procedures are similar to those used for the annual accounts whenever possible. However, in a number of cases the annual methodology cannot be followed due to the lack of relevant data. Agriculture, Forestry and Fishing The estimate for Agriculture is calculated by using the available sub-annual information for exports and slaughterings of animals, milk deliveries, stock changes (six-monthly), fertiliser and feeding stuffs usage etc. For some items, annual figures are distributed equally across the quarters. Monthly sea fish landings are used to estimate the quarterly output of fishing. Industry The gross value added of manufacturing industy is calculated by applying monthly volume of production indices to the previous year’s quarterly gross value added, including royalties. Royalties are separately deflated using the export price index and then deducted. Changes in the volume of investment in construction projects are used to estimate the output of the building and construction sector.
13
Central Statistics Office
Quarterly National Accounts
Distribution, Transport and Communications For distribution the methods used are similar to those used for the annual calculation. They rely heavily on the retail sales indices and other CSO services inquiries. In the case of transport, most of the output measures used for the annual calculations are available on a quarterly basis. For communications the main data sources are direct inquiries to the suppliers, with additional data and trend estimation for some residual components. Public Administration and Defence The quarterly estimate of value added for public administration and defence has been calculated based on the employment trends in the public sector. Other Services (Incl. Rent) The Other Services category covers a variety of service activities, some of which are surveyed on a quarterly basis by the CSO. For some services, information on outputs is not directly available on a quarterly basis. In most of these cases, quarterly estimates are derived using trends in related indicators. In a small number of residual cases, annual estimates are distributed equally across the quarters. Taxes and Subsidies Taxes and subsidies are deflated at a detailed level using appropriate price indices. Value added taxes and excise duties have been accrued and recorded in the period in which the underlying expenditure took place. Net factor income from the rest of the world The value of net income flows with the rest of the world in the Quarterly National Accounts release is generally consistent with the published Balance of Payments statistics except for the FISIM adjustment (see the definition of this item above). Tables 2 and 3: Expenditure Measures The various components of the expenditure based measure of GDP are defined in the annual National Income and Expenditure publication. The methods used for the quarterly series are similar to those used for the annual where possible but in many cases alternative methods have been applied. Personal Consumption Expenditure is estimated using CSO data, such as the Retail Sales Indices together with some direct inquiries. Administrative data sources are used for some goods such as fuel and power products and motor vehicles. Constant price estimates are obtained using components of the Consumer Price Index (CPI). Net Expenditure by Central and Local Government at current market prices is estimated using Government records. From Q2 of 2009 it is calculated net of the public sector pension levy introduced in March 2009. The constant price estimates of remuneration are derived by extrapolating base year estimates using an index of employment or using appropriate deflators for wages and are unaffected by the pension levy which is treated as a reduction in wage rates. Expenditure on goods and services is deflated partly by consumer price indices and partly by wholesale price indices. Gross Domestic Fixed Capital Formation at current market prices includes expenditure on building and construction work and machinery and equipment. The quarterly estimates of dwellings are based on data from the Department of Environment’s (DoE) Quarterly Housing Bulletin. Information on other building and construction is obtained from the Department’s Review and Outlook together with data from the Public Capital Programme. Quarterly estimates of commercial vehicles used in the business sector are estimated using administrative data. Estimates of other machinery and equipment are made by reference to import statistics and the CSO Quarterly Capital Assets in Industry Inquiry. Current estimates are deflated to prices of the previous year using appropriate price indices such as components of the Wholesale Price Index (WPI) and indices for construction activity. Value of Physical Changes in Stocks at current prices covers stock changes in the agricultural, industrial and distribution sectors and in intervention stocks. This item measures the actual value change in stocks between the beginning and end of quarter adjusted for any changes in the prices of the underlying commodities. Data on industrial and distribution stocks are taken from published and unpublished components of the CSO Quarterly Stocks Inquiry. Agricultural stocks are estimated from the results of CSO’s agricultural enumerations and statistics on animal slaughterings, etc. Constant price estimates are calculated by deflating the current estimates using relevant price indices and price data on agricultural and intervention stocks. Some adjustments have been made to the stocks values to improve the coherence of the quarterly accounts. These are judgmental adjustments to allow for within-year timing differences between the output and expenditure measures. Over a calendar year, these adjustments are neutral.
14
Central Statistics Office
Quarterly National Accounts
Exports and Imports of Goods and Services at current prices are taken from the CSO Balance of Payments series. An adjustment is made for FISIM (see the definition of “net factor income from the rest of the world” page 12) Current price estimates are converted to previous year prices using the available price indices, including export and import unit value indices. A very significant fall in the pattern of distributive type trade with Great Britain in Electrical machinery and parts in 2002 has a very large influence on year-on-year comparisons of both exports and imports for 2003 and the latter part of 2002. While the comparisons of gross flows are considerably influenced, the net balance of trade is not significantly affected. Seasonal The series are adjusted using the X-11 ARIMA procedure, which is an adaptation of the U.S. Adjustment Bureau of the Census X-11 seasonal adjustment program, developed by Statistics Canada. The
adjusted series are obtained by seasonally adjusting each of the original unadjusted series. This applies to GDP and GNP also. In other words the seasonally adjusted GDP and GNP are not derived as the sum of the seasonally adjusted components (such as Personal Consumption, Exports etc.) but rather by seasonally adjusting the unadjusted values of GDP and GNP as shown in Tables 1 - 3. On account of this and also because of the statistical discrepancy in the original series, the sum of the seasonally adjusted components of GDP and GNP do not add to the respective seasonally adjusted series.
15