Ireland - Real Gross Domestic Product





Ireland: Real Gross Domestic Product

Mnemonic GDP$.IIRL
Unit Mil. Ch. 2020 EUR, SA
Adjustments Seasonally Adjusted
Quarterly 2.32 %
Data 2022 Q3 120,073
2022 Q2 117,355

Series Information

Source Central Statistics Office (CSO)
Release National Accounts - GDP
Frequency Quarterly
Start Date 3/31/1995
End Date 9/30/2022

Ireland: GDP

Reference Last Previous Units Frequency
Government Consumption 2022 Q3 11,469 11,604 Mil. EUR, SA Quarterly
Investment 2022 Q3 55,226 30,355 Mil. EUR, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2022 Q3 52,031 28,804 Mil. EUR, SA Quarterly
Nominal Gross Domestic Product 2022 Q3 129,101 124,773 Mil. EUR, SA Quarterly
Private Consumption 2022 Q3 30,899 30,451 Mil. EUR, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2022 Q3 48,961 25,522 Mil. Ch. 2020 EUR, SA Quarterly
Real Government Consumption 2022 Q3 10,791 10,828 Mil. Ch. 2020 EUR, SA Quarterly
Real Gross Domestic Product 2022 Q3 120,073 117,355 Mil. Ch. 2020 EUR, SA Quarterly
Real Investment 2022 Q3 51,363 26,924 Mil. Ch. 2019 EUR, SA Quarterly
Real Private Consumption 2022 Q3 27,807 27,718 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.