Ireland - Nominal Gross Domestic Product
Ireland: Nominal Gross Domestic Product
| Mnemonic | GDP.IIRL | |
|---|---|---|
| Unit | Mil. EUR, SA | |
| Adjustments | Seasonally Adjusted | |
| Quarterly | 1.13 % | |
| Data | 2022 Q4 | 130,641 |
| 2022 Q3 | 129,182 | |
Series Information
| Source | Central Statistics Office (CSO) |
| Release | National Accounts - GDP |
| Frequency | Quarterly |
| Start Date | 3/31/1995 |
| End Date | 12/31/2022 |
Ireland: GDP
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Government Consumption | 2022 Q4 | 12,615 | 11,771 | Mil. EUR, SA | Quarterly |
| Investment | 2022 Q4 | 32,930 | 54,416 | Mil. EUR, SA | Quarterly |
| Nominal Fixed Investment (gross fixed capital formation) | 2022 Q4 | 29,770 | 51,741 | Mil. EUR, SA | Quarterly |
| Nominal Gross Domestic Product | 2022 Q4 | 130,641 | 129,182 | Mil. EUR, SA | Quarterly |
| Private Consumption | 2022 Q4 | 32,032 | 31,165 | Mil. EUR, SA | Quarterly |
| Real Fixed Investment (gross fixed capital formation) | 2022 Q4 | 26,091 | 48,810 | Mil. Ch. 2020 EUR, SA | Quarterly |
| Real Government Consumption | 2022 Q4 | 11,129 | 10,861 | Mil. Ch. 2020 EUR, SA | Quarterly |
| Real Gross Domestic Product | 2022 Q4 | 121,274 | 120,906 | Mil. Ch. 2020 EUR, SA | Quarterly |
| Real Investment | 2022 Q4 | 27,775 | 50,867 | Mil. Ch. 2019 EUR, SA | Quarterly |
| Real Private Consumption | 2022 Q4 | 28,295 | 27,974 | Mil. Ch. 2020 EUR, SA | Quarterly |
Release Information
For Ireland, the quarterly national accounts under the ESA 2010 framework, including expenditure (use of GDP) and production (GVA by industry) approaches. Quarterly from 1995.
Active:
- National accounts framework: ESA 2010
- Industry classification: NACE Rev. 2
- Measurements:
- Millions of euros at chained year-2020 prices (Mil. Ch. 2020 EUR)
- At current prices (Mil. EUR)
- Adjustments:
- Seasonally adjusted (SA)
- Not seasonally adjusted (NSA)
- Native frequency: Quarterly
- Start date: Uniformly 1995Q1
Predecessors:
- 2019 prices - 1995Q1 to 2022Q2 ("_19")
- 2018 prices - 1995 to 2021 ("_18")
- 2017 prices - 1995 to 2020
- 2016 prices - 1995 to 2018
- 2015 prices - 1995 to 2017
- NACE Rev. 2 broad groupings - 1997 to 2016
- Regional accounts under NUTS 2013 delineations - 2000 to 2015
- 2011 prices - 1997 to 2013 ("_11")
- 2010 prices - 1997 to 2012 ("10")
- 2009 prices - 1997 to 2011 ("09")
- 2008 prices - 1997 to 2010
Seasonal adjustment: Uses the direct approach where each individual time series and aggregate is independently adjusted. Seasonal factors are updated quarterly and the series are adjusted using the X-12_ARIMA model.
Gross Domestic Product (GDP) is representative of output, or total value added, in the production of goods and services in the country.
Imports: Reported as negative values.
Net factor income (NFI) is equal to the investment and labour income earned abroad by Irish residents minus the similiar incomes earned in Ireland by non-residents.
Gross National Product (GNP) is the sum of GDP and NFI. This series can be very volitile as NFI is the difference of two large gross flows and can therefore cause the GNP to fluctuate. This can also lead to substantial differences between GDP and GNP growth rates.
Seasonal factors are updated quarterly; the routine annual review of ARIMA models is upon publication of the "Q1 Final" set of results.
For chained prices (real data), the currency reference year is advanced annually, typically in July or August.
Provisional and final results are issued at approximately T+60 and T+100 days, respectively.
Revisions to annual data (ANA) have an impact on quarterly data, more significantly on recent quarters.
Further reading
At the source:
- National accounts
- Quarterly national accounts
- Survey and methodology
- Quarterly national accounts, Quarter 1 2018
At IMF (SDDS):
- Real sector - National accounts (Jan 2022)
