Quarterly National Accounts 12012

An Phromh-Oifig Staidrimh
Central Statistics Office
12 July 2012
Quarterly National Accounts

Quarter 1 2012
Seasonally Adjusted growth rates

(% change on previous quarter)
%
6.0
GDP and GNP seasonally adjusted at constant prices

4.0
Q1 2012
Amount m
Quarterly % change
GDP
39,520
-1.1
GNP
31,274
-1.3
2.0
0.0
Q1 2012
-2.0
GDP and GNP decline on a seasonally adjusted basis

-4.0
-6.0
2011 Q1
2011 Q2
2011 Q3
2011 Q4
2012 Q1
GNP
GDP
Agriculture and other services increase
Published by the Central Statistics Office, Ireland.

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Ireland
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Ireland
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Tel: +353 1 498 4000

Fax: +353 1 498 4229
Preliminary estimates for the first quarter of 2012 show seasonally adjusted
volume declines for both GDP (-1.1%) and GNP (-1.3%) compared with the fourth
quarter of 2011. However, compared with the same quarter one year ago there were
constant price increases in both measures: GDP (+1.2%) and GNP (+0.2%).
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Fax: +353 21 453 5555
Both offices may be contacted through any of these

telephone numbers.
Agriculture, forestry and fishing (+3.2%) and other services (+0.7%) were the only
sectors to record increases on a seasonally adjusted basis between Q4 2011 and Q1
2012. However, the combined decreases in industry (incl. building and
construction) (-0.9%), distribution, transport, software and communications
(-11.5%) and public administration and defence (-1.0%) more than offset these
increases.
Personal expenditure and net exports down
On the expenditure side of the accounts personal expenditure declined by 2.1 per
cent on a seasonally adjusted basis between Q4 2011 and Q1 2012 while net
exports decreased by 456m over the same period. Both government expenditure
(+2.2%) and capital investment (+11.6%) on the other hand recorded increases on
a seasonally adjusted basis.
CSO on the Web: www.cso.ie

and go to
Economy: National Accounts
Note that the Nace Rev. 2 classification system is now being used in tables 1 and
4. This replaces the national classification used in previous releases. See the notes
at the back for further details.
Director General: Pdraig Dalton
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.
Enquiries:
National Accounts
General queries
National Accounts, ext 4371

nat_acc@cso.ie
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information@cso.ie

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
For more information contact Gordon Cavanagh at 01 498 4307 or Andrew

McManus at 01 498 4368.
Comparisons with Q1 2011

On the output side of the accounts the distribution, transport, software and
communications sector recorded a volume decrease of 9.7 per cent between Q1
2011 and Q1 2012. Agriculture, forestry and fishing (-0.7%) and public
administration and defence (- 2.3%) also fell during the same period. Increases in
industry (including building and construction) (+2.2%) and other services (+1.5%)
partially offset these combined declines.
On the expenditure side personal expenditure fell by 2.2 per cent and government
expenditure fell by 3.3 per cent compared with Q1 2011. Capital investment
increased by 8 per cent and there was a large increase in net exports (+ 1,989m in
exports minus imports) between the first quarter of 2011 and the corresponding
quarter of 2012.
Factor income outflows were 5.4 per cent higher between Q1 2011 and Q1 2012
resulting in the 1.2 per cent increase in GDP being mitigated to a 0.2 per cent
increase in GNP over the same period.
Table 1 Gross Domestic Product by Sector of Origin and Gross National Product at Constant
Market Prices (Chain linked annually and referenced to year 2010)*
(Note the sectors here are based on Nace rev 2. For further details see the methodology notes at the back)
Period
Industry
2007
2008
2009
2010
2011
Agric.
forestry
and
fishing
3,702
3,651
3,437
3,222
3,049
Public
admin.
and
defence
8,306
8,685
8,291
7,831
7,551
Other
services
(including
rent)
63,070
62,057
61,026
59,808
59,252
GDP at
constant
factor
cost
147,842
146,683
141,335
140,538
142,957
Taxes
less
subsidies
23,031
20,380
16,383
15,949
15,769
GDP at
constant
market
prices
170,389
166,796
157,695
156,487
158,726
Net factor
income from
rest of
world
-27,226
-26,092
-28,811
-26,285
-31,742
GNP at
constant
market
prices
142,848
140,316
128,988
130,202
126,983
2007
Q1
Q2
Q3
Q4
1,004
1,304
777
617
11,009
10,580
10,166
10,664
1,240
1,151
1,213
1,223
7,412
7,390
7,108
7,532
1,967
2,073
2,141
2,125
15,520
15,606
15,945
15,999
37,091
37,089
35,860
37,802
6,144
5,616
5,659
5,612
43,081
42,598
41,395
43,316
-7,106
-7,302
-6,031
-6,787
35,925
35,284
35,209
36,431
2008
Q1
Q2
Q3
Q4
984
1,233
842
592
10,680
10,685
9,728
8,742
1,210
1,125
1,150
1,041
7,762
7,610
7,912
7,861
2,068
2,191
2,226
2,200
15,601
15,447
15,590
15,419
37,364
37,308
36,674
35,338
5,636
4,974
4,936
4,834
42,891
42,232
41,558
40,114
-6,421
-6,724
-7,351
-5,597
36,330
35,427
34,232
34,327
2009
Q1
Q2
Q3
Q4
940
1,245
716
537
9,941
9,784
8,273
7,855
900
814
808
753
8,067
7,956
8,259
7,938
2,026
2,070
2,089
2,107
15,352
15,202
15,191
15,282
36,023
36,270
34,900
34,142
4,205
3,922
4,057
4,198
40,221
40,206
38,951
38,317
-7,157
-7,636
-7,690
-6,328
33,069
32,629
31,351
31,938
2010
Q1
Q2
Q3
Q4
856
1,116
713
537
9,803
9,497
8,529
8,697
594
596
631
593
8,255
8,158
8,913
8,407
1,909
1,945
1,982
1,996
14,792
15,006
14,823
15,187
35,212
35,788
35,241
34,297
3,904
3,843
4,095
4,106
39,119
39,637
39,335
38,395
-7,591
-7,423
-6,584
-4,687
31,574
32,248
32,750
33,630
2011
Q1
Q2
Q3
Q4
807
1,080
687
475
9,646
9,749
8,872
8,901
510
501
497
497
8,796
8,634
8,781
8,830
1,822
1,874
1,901
1,953
14,418
15,052
14,918
14,863
34,894
36,936
35,771
35,355
3,877
3,832
3,950
4,110
38,771
40,769
39,721
39,465
-8,009
-8,604
-7,928
-7,202
30,762
32,165
31,794
32,262
2012
Q1
451
7,939
1,780
14,638
35,521
3,735
39,256
-8,437
30,818
Percentage change on corresponding period of previous year

2007
-1.1
-1.3
0.8
16.7
2008
-1.4
-6.1
-6.2
5.8
2009
-5.9
-10.0
-27.6
3.4
2010
-6.3
1.9
-26.3
4.7
2011
-5.4
1.8
-16.9
3.9
801
9,859
4.7
4.6
-4.5
-5.6
-3.6
6.8
-1.6
-1.7
-2.0
-0.9
6.0
-0.8
-3.6
-0.6
1.7
1.7
-11.5
-19.6
-2.6
-1.1
5.4
-2.1
-5.5
-0.8
1.4
4.2
-1.8
-8.1
0.9
-2.5
42,419
39,835
35,852
36,525
37,168
of which
Dist.
Building
transport
and software and
construction
comms.
4,826
29,441
4,526
31,146
3,275
32,219
2,414
33,733
2,005
35,041
million
2007
Q1
Q2
Q3
Q4
-6.0
-3.4
1.3
10.5
4.2
-8.4
-1.4
1.0
4.3
1.2
-1.8
-0.2
22.0
22.4
10.5
12.8
4.0
5.1
4.9
4.9
9.6
8.2
6.7
3.1
8.7
5.6
3.2
6.5
4.2
2.9
0.3
-0.8
8.1
5.3
2.9
5.6
6.8
2.5
5.1
2.4
2008
Q1
Q2
Q3
Q4
-2.0
-5.5
8.4
-4.0
-3.0
1.0
-4.3
-18.0
-2.4
-2.3
-5.1
-14.9
4.7
3.0
11.3
4.4
5.2
5.7
4.0
3.5
0.5
-1.0
-2.2
-3.6
0.7
0.6
2.3
-6.5
-8.3
-11.4
-12.8
-13.9
-0.4
-0.9
0.4
-7.4
1.1
0.4
-2.8
-5.8
2009
Q1
Q2
Q3
Q4
-4.5
1.0
-15.0
-9.4
-6.9
-8.4
-15.0
-10.1
-25.6
-27.6
-29.7
-27.7
3.9
4.5
4.4
1.0
-2.0
-5.5
-6.2
-4.2
-1.6
-1.6
-2.6
-0.9
-3.6
-2.8
-4.8
-3.4
-25.4
-21.2
-17.8
-13.1
-6.2
-4.8
-6.3
-4.5
-9.0
-7.9
-8.4
-7.0
2010
Q1
Q2
Q3
Q4
-8.9
-10.3
-0.4
-0.0
-1.4
-2.9
3.1
10.7
-34.0
-26.8
-21.9
-21.3
2.3
2.5
7.9
5.9
-5.8
-6.1
-5.1
-5.3
-3.6
-1.3
-2.4
-0.6
-2.3
-1.3
1.0
0.5
-7.2
-2.0
0.9
-2.2
-2.7
-1.4
1.0
0.2
-4.5
-1.2
4.5
5.3
2011
Q1
Q2
Q3
Q4
-5.8
-3.2
-3.6
-11.5
-1.6
2.7
4.0
2.3
-14.1
-15.9
-21.2
-16.2
6.5
5.8
-1.5
5.0
-4.5
-3.6
-4.1
-2.1
-2.5
0.3
0.6
-2.1
-0.9
3.2
1.5
3.1
-0.7
-0.3
-3.5
0.1
-0.9
2.9
1.0
2.8
-2.6
-0.3
-2.9
-4.1
2012
Q1
-0.7
2.2
-11.6
-9.7
-2.3
1.5
1.8
-3.7
1.2
0.2
*Chain linked series not additive
Table 2 Expenditure on Gross National Product at Current Market Prices

Period
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
2007
2008
2009
2010
2011
92,724
94,153
83,155
82,060
81,308
28,997
30,482
29,213
26,170
25,410
48,377
39,324
25,601
18,745
16,112
1,025
-330
-1,490
-553
227
152,389
150,181
146,369
157,810
166,791
-135,328
-133,877
-120,352
-128,326
-131,875
546
-1,051
-1,221
581
1,020
188,729
178,882
161,275
156,487
158,993
-26,520
-25,317
-28,364
-26,285
-31,977
162,209
153,565
132,911
130,202
127,016
2007
Q1
Q2
Q3
Q4
22,353
22,568
22,828
24,975
7,038
7,104
7,304
7,551
13,994
11,828
11,056
11,499
28
381
-490
1,106
36,879
38,499
37,590
39,421
-32,939
-33,095
-32,978
-36,316
137
137
131
140
47,491
47,423
45,441
48,375
-7,138
-7,179
-5,924
-6,279
40,353
40,244
39,517
42,095
2008
Q1
Q2
Q3
Q4
23,732
22,953
23,041
24,427
7,476
7,555
7,562
7,888
12,137
9,645
9,721
7,821
-390
529
-27
-442
36,630
37,773
37,016
38,762
-33,688
-33,332
-32,456
-34,400
-268
-263
-262
-257
45,629
44,859
44,595
43,799
-6,156
-6,433
-7,150
-5,577
39,472
38,426
37,444
38,222
2009
Q1
Q2
Q3
Q4
20,971
20,319
20,055
21,809
7,671
7,099
7,097
7,346
7,582
6,768
5,918
5,333
-568
14
-430
-505
36,513
37,697
35,785
36,374
-30,821
-30,618
-28,082
-30,832
-311
-310
-303
-297
41,037
40,970
40,041
39,227
-7,108
-7,555
-7,533
-6,168
33,930
33,415
32,507
33,059
2010
Q1
Q2
Q3
Q4
20,183
20,054
20,138
21,684
6,630
6,419
6,363
6,758
5,138
5,446
4,172
3,988
-399
51
226
-431
37,009
40,217
40,491
40,093
-29,638
-32,281
-31,814
-34,594
145
149
147
140
39,068
40,056
39,724
37,638
-7,532
-7,482
-6,614
-4,657
31,537
32,574
33,110
32,981
2011
Q1
Q2
Q3
Q4
20,034
19,877
19,587
21,810
6,369
6,361
6,353
6,327
4,704
4,469
3,435
3,505
-142
480
390
-501
40,088
42,375
41,538
42,790
-33,204
-32,801
-31,553
-34,316
244
263
257
256
38,093
41,024
40,006
39,870
-8,099
-8,592
-7,938
-7,347
29,993
32,432
32,068
32,523
-266
43,054
-34,678
255
39,748
-8,670
31,078
8.3
-1.4
-2.5
7.8
5.7
9.5
-1.1
-10.1
6.6
2.8
6.2
-5.2
-9.8
-3.0
1.6
5.0
-5.3
-13.4
-2.0
-2.4
2012
Q1
19,950
6,423
5,009
2007
9.6
10.9
0.2
2008
1.5
5.1
-18.7
2009
-11.7
-4.2
-34.9
2010
-1.3
-10.4
-26.8
2011
-0.9
-2.9
-14.0
2007
Q1
Q2
Q3
Q4
9.4
9.6
10.3
9.0
13.2
11.7
10.4
8.5
14.2
5.4
-9.7
-8.6
9.1
8.6
6.7
8.8
10.7
7.1
11.3
9.1
9.1
8.0
1.8
6.0
7.4
5.5
3.8
3.5
2008
Q1
Q2
Q3
Q4
6.2
1.7
0.9
-2.2
6.2
6.3
3.5
4.5
-13.3
-18.5
-12.1
-32.0
-0.7
-1.9
-1.5
-1.7
2.3
0.7
-1.6
-5.3
-3.9
-5.4
-1.9
-9.5
-2.2
-4.5
-5.2
-9.2
2009
Q1
Q2
Q3
Q4
-11.6
-11.5
-13.0
-10.7
2.6
-6.0
-6.2
-6.9
-37.5
-29.8
-39.1
-31.8
-0.3
-0.2
-3.3
-6.2
-8.5
-8.1
-13.5
-10.4
-10.1
-8.7
-10.2
-10.4
-14.0
-13.0
-13.2
-13.5
2010
Q1
Q2
Q3
Q4
-3.8
-1.3
0.4
-0.6
-13.6
-9.6
-10.3
-8.0
-32.2
-19.5
-29.5
-25.2
1.4
6.7
13.1
10.2
-3.8
5.4
13.3
12.2
-4.8
-2.2
-0.8
-4.1
-7.1
-2.5
1.9
-0.2
2011
Q1
Q2
Q3
Q4
-0.7
-0.9
-2.7
0.6
-3.9
-0.9
-0.2
-6.4
-8.5
-18.0
-17.7
-12.1
8.3
5.4
2.6
6.7
12.0
1.6
-0.8
-0.8
-2.5
2.4
0.7
5.9
-4.9
-0.4
-3.1
-1.4
-0.4
0.8
6.5
7.4
4.4
4.3
3.6
2012
Q1
Table 3 Expenditure on Gross National Product at Constant Market Prices

(Chain linked annually and referenced to year 2010)*
Period
Net exp. by
central and local
government on
Gross
domestic
fixed
Value of
physical
changes
Exports
of goods
and
Imports
of goods
and
current goods and

services
29,112
29,283
27,995
26,170
25,045
capital
formation
37,196
33,462
24,225
18,745
16,390
in stocks
services
services
prices
the world
prices
2007
2008
2009
2010
2011
goods and
services
85,967
85,909
81,279
82,060
80,067
1,773
-341
-1,465
-553
209
156,282
154,550
148,637
157,810
165,789
-141,473
-137,281
-123,905
-128,326
-127,879
170,389
166,796
157,695
156,487
158,726
-27,226
-26,092
-28,811
-26,285
-31,742
142,848
140,316
128,988
130,202
126,983
2007
Q1
Q2
Q3
Q4
21,073
20,982
21,094
22,818
7,141
7,095
7,303
7,573
10,694
8,965
8,559
8,977
14
740
-973
1,992
37,808
39,319
38,441
40,715
-34,726
-34,621
-34,350
-37,777
43,081
42,598
41,395
43,316
-7,106
-7,302
-6,031
-6,787
35,925
35,284
35,209
36,431
2008
Q1
Q2
Q3
Q4
21,838
20,908
20,995
22,168
7,247
7,254
7,220
7,563
10,100
8,139
8,327
6,896
-657
936
97
-716
38,102
39,441
38,054
38,953
-34,861
-34,336
-33,237
-34,847
42,891
42,232
41,558
40,114
-6,421
-6,724
-7,351
-5,597
36,330
35,427
34,232
34,327
2009
Q1
Q2
Q3
Q4
20,357
19,887
19,723
21,312
7,171
7,048
6,748
7,029
6,982
6,310
5,722
5,210
-570
109
-502
-502
36,564
38,001
36,551
37,521
-31,133
-31,402
-29,155
-32,215
40,221
40,206
38,951
38,317
-7,157
-7,636
-7,690
-6,328
33,069
32,629
31,351
31,938
2010
Q1
Q2
Q3
Q4
20,300
20,111
20,126
21,522
6,575
6,621
6,362
6,612
5,049
5,428
4,313
3,955
-436
44
246
-407
37,190
39,852
40,311
40,457
-29,992
-32,322
-31,654
-34,359
39,119
39,637
39,335
38,395
-7,591
-7,423
-6,584
-4,687
31,574
32,248
32,750
33,630
2011
Q1
Q2
Q3
Q4
19,923
19,636
19,306
21,203
6,393
6,316
6,156
6,180
4,789
4,520
3,477
3,604
-204
428
437
-451
39,582
42,461
41,574
42,172
-32,307
-32,045
-30,618
-32,910
38,771
40,769
39,721
39,465
-8,009
-8,604
-7,928
-7,202
30,762
32,165
31,794
32,262
-339
42,013
-32,749
39,256
-8,437
30,818
8.4
-1.1
-3.8
6.2
5.1
7.9
-3.0
-9.7
3.6
-0.3
5.4
-2.1
-5.5
-0.8
1.4
4.2
-1.8
-8.1
0.9
-2.5
2012
Q1
19,477
6,184
5,172
2007
6.4
6.5
2.3
2008
-0.1
0.6
-10.0
2009
-5.4
-4.4
-27.6
2010
1.0
-6.5
-22.6
2011
-2.4
-4.3
-12.6
GDP at
Net factor
constant income from
market
the rest of
million
GNP at
constant
market
Personal
consumption of
2007
Q1
Q2
Q3
Q4
6.6
6.3
7.0
5.7
8.6
6.9
5.7
5.1
12.7
6.6
-5.6
-4.3
8.9
7.7
6.7
10.1
9.6
5.7
9.5
7.1
8.1
5.3
2.9
5.6
6.8
2.5
5.1
2.4
2008
Q1
Q2
Q3
Q4
3.6
-0.4
-0.5
-2.8
1.5
2.2
-1.1
-0.1
-5.6
-9.2
-2.7
-23.2
0.8
0.3
-1.0
-4.3
0.4
-0.8
-3.2
-7.8
-0.4
-0.9
0.4
-7.4
1.1
0.4
-2.8
-5.8
2009
Q1
Q2
Q3
Q4
-6.8
-4.9
-6.1
-3.9
-1.0
-2.8
-6.5
-7.1
-30.9
-22.5
-31.3
-24.4
-4.0
-3.7
-3.9
-3.7
-10.7
-8.5
-12.3
-7.6
-6.2
-4.8
-6.3
-4.5
-9.0
-7.9
-8.4
-7.0
2010
Q1
Q2
Q3
Q4
-0.3
1.1
2.0
1.0
-8.3
-6.1
-5.7
-5.9
-27.7
-14.0
-24.6
-24.1
1.7
4.9
10.3
7.8
-3.7
2.9
8.6
6.7
-2.7
-1.4
1.0
0.2
-4.5
-1.2
4.5
5.3
2011
Q1
Q2
Q3
Q4
-1.9
-2.4
-4.1
-1.5
-2.8
-4.6
-3.2
-6.5
-5.2
-16.7
-19.4
-8.9
6.4
6.5
3.1
4.2
7.7
-0.9
-3.3
-4.2
-0.9
2.9
1.0
2.8
-2.6
-0.3
-2.9
-4.1
-3.3
8.0
6.1
1.4
1.2
0.2
2012
Q1
-2.2
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 2010) - Seasonally Adjusted
Period
Agric.
forestry
and
Industry
fishing
of which
Building
and
Dist.
transport
software and
Public
admin.
and
Other
services
(including
GDP at
constant
factor
construct.
comms.
defence
rent)
cost
Taxes
less
subsidies
GDP at
Net factor
constant income from
market
the rest of
prices
the world
GNP at
constant
market
prices
2007
Q1
Q2
Q3
Q4
935
933
886
944
10,793
10,127
10,741
10,898
1,260
1,199
1,180
1,190
7,424
7,498
7,037
7,525
2,042
2,073
2,099
2,086
15,684
15,746
15,855
15,804
37,187
36,589
36,285
37,922
5,948
5,844
5,699
5,499
43,045
42,267
41,818
43,355
-6,896
-6,919
-5,921
-7,674
36,028
35,280
35,784
35,783
2008
Q1
Q2
Q3
Q4
920
880
963
902
10,350
10,225
10,235
9,068
1,232
1,172
1,114
1,013
7,732
7,717
7,813
7,913
2,151
2,195
2,185
2,149
15,759
15,541
15,524
15,259
37,371
36,747
36,954
35,688
5,509
5,192
4,945
4,692
42,822
41,857
41,805
40,346
-6,196
-6,322
-7,179
-6,431
36,440
35,428
34,678
33,774
2009
Q1
Q2
Q3
Q4
882
888
814
821
9,552
9,334
8,699
8,246
922
846
781
730
8,006
8,069
8,131
8,022
2,111
2,078
2,054
2,047
15,509
15,241
15,149
15,142
36,029
35,647
35,018
34,670
4,164
4,102
4,043
4,040
40,206
39,778
39,024
38,685
-6,899
-7,130
-7,482
-7,369
33,236
32,622
31,660
31,430
2010
Q1
Q2
Q3
Q4
806
796
806
824
9,351
9,030
8,990
9,186
614
616
611
572
8,192
8,268
8,760
8,504
1,993
1,956
1,952
1,930
14,959
14,995
14,797
15,057
35,277
35,048
35,300
34,915
3,919
4,011
4,069
3,928
39,207
39,093
39,340
38,828
-7,318
-6,849
-6,457
-5,470
31,843
32,220
32,993
33,075
2011
Q1
Q2
Q3
Q4
762
770
774
732
9,164
9,243
9,376
9,428
531
516
482
478
8,742
8,747
8,619
8,928
1,904
1,887
1,874
1,882
14,604
14,999
14,906
14,737
35,038
36,080
35,780
36,045
3,930
3,991
3,917
3,925
38,960
40,120
39,673
39,948
-7,719
-7,895
-7,799
-8,442
31,131
32,115
31,986
31,693
2012
Q1
756
9,341
472
7,905
1,862
14,846
35,729
3,806
39,520
-8,115
31,274
Percentage change on previous quarter

2007
Q1
Q2
Q3
Q4
8.9
-0.2
-5.1
6.6
1.8
-6.2
6.1
1.5
6.1
-4.8
-1.6
0.8
12.2
1.0
-6.1
6.9
2.3
1.5
1.2
-0.6
2.4
0.4
0.7
-0.3
5.3
-1.6
-0.8
4.5
6.5
-1.7
-2.5
-3.5
5.5
-1.8
-1.1
3.7
3.3
-2.1
1.4
-0.0
2008
Q1
Q2
Q3
Q4
-2.6
-4.4
9.5
-6.3
-5.0
-1.2
0.1
-11.4
3.5
-4.8
-5.0
-9.1
2.7
-0.2
1.2
1.3
3.1
2.1
-0.5
-1.6
-0.3
-1.4
-0.1
-1.7
-1.5
-1.7
0.6
-3.4
0.2
-5.8
-4.8
-5.1
-1.2
-2.3
-0.1
-3.5
1.8
-2.8
-2.1
-2.6
2009
Q1
Q2
Q3
Q4
-2.2
0.7
-8.4
0.8
5.3
-2.3
-6.8
-5.2
-9.0
-8.2
-7.7
-6.6
1.2
0.8
0.8
-1.3
-1.8
-1.6
-1.2
-0.3
1.6
-1.7
-0.6
-0.0
1.0
-1.1
-1.8
-1.0
-11.3
-1.5
-1.4
-0.1
-0.3
-1.1
-1.9
-0.9
-1.6
-1.8
-2.9
-0.7
2010
Q1
Q2
Q3
Q4
-1.7
-1.3
1.3
2.2
13.4
-3.4
-0.4
2.2
-15.8
0.3
-0.9
-6.4
2.1
0.9
6.0
-2.9
-2.6
-1.8
-0.2
-1.1
-1.2
0.2
-1.3
1.8
1.8
-0.6
0.7
-1.1
-3.0
2.3
1.4
-3.5
1.3
-0.3
0.6
-1.3
1.3
1.2
2.4
0.2
2011
Q1
Q2
Q3
Q4
-7.5
1.0
0.5
-5.3
-0.2
0.9
1.4
0.6
-7.1
-2.9
-6.7
-0.9
2.8
0.1
-1.5
3.6
-1.3
-0.9
-0.7
0.4
-3.0
2.7
-0.6
-1.1
0.4
3.0
-0.8
0.7
0.1
1.6
-1.9
0.2
0.3
3.0
-1.1
0.7
-5.9
3.2
-0.4
-0.9
2012
Q1
3.2
-0.9
-1.1
-11.5
-1.0
0.7
-0.9
-3.0
-1.1
-1.3
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
2007
Q1
Q2
Q3
Q4
22,472
23,081
23,417
23,670
7,101
7,230
7,338
7,334
13,235
11,900
11,437
11,853
65
7
-140
1,087
37,876
37,863
38,114
38,601
-33,388
-33,014
-34,207
-34,685
47,682
47,246
45,852
47,977
-6,926
-6,792
-5,917
-6,969
40,873
40,442
40,163
40,651
2008
Q1
Q2
Q3
Q4
23,915
23,514
23,625
23,070
7,519
7,693
7,624
7,647
11,389
9,539
10,164
8,222
-308
176
166
-370
37,568
37,090
37,486
38,134
-34,139
-33,230
-33,710
-32,887
45,908
44,622
44,703
43,663
-5,941
-6,051
-7,080
-6,307
40,123
38,671
37,807
36,959
2009
Q1
Q2
Q3
Q4
21,192
20,838
20,561
20,533
7,708
7,227
7,174
7,106
7,042
6,547
6,283
5,742
-442
-309
-409
-321
37,369
36,960
36,186
35,963
-31,186
-30,502
-29,161
-29,579
41,445
40,648
39,887
39,304
-6,851
-7,065
-7,394
-7,109
34,641
33,653
32,604
32,021
2010
Q1
Q2
Q3
Q4
20,448
20,570
20,663
20,358
6,661
6,540
6,436
6,527
4,709
5,145
4,523
4,382
-254
-250
126
-167
37,810
39,350
40,901
39,832
-29,910
-32,118
-33,040
-33,313
39,623
39,563
39,458
37,842
-7,255
-6,915
-6,516
-5,409
32,344
32,787
33,042
32,018
2011
Q1
Q2
Q3
Q4
20,339
20,383
20,112
20,443
6,405
6,482
6,425
6,107
4,247
4,154
3,789
3,915
12
181
239
-200
40,860
41,421
41,914
42,662
-33,421
-32,588
-32,779
-33,162
38,719
40,432
39,640
40,210
-7,797
-7,889
-7,832
-8,595
30,832
32,626
31,912
31,630
2012
Q1
20,279
6,464
4,459
-111
43,808
-34,803
40,400
-8,328
31,975

2007
Q1
Q2
Q3
Q4
3.2
2.7
1.5
1.1
5.0
1.8
1.5
-0.1
3.8
-10.1
-3.9
3.6
7.2
-0.0
0.7
1.3
4.9
-1.1
3.6
1.4
6.0
-0.9
-3.0
4.6
4.1
-1.1
-0.7
1.2
2008
Q1
Q2
Q3
Q4
1.0
-1.7
0.5
-2.3
2.5
2.3
-0.9
0.3
-3.9
-16.2
6.5
-19.1
-2.7
-1.3
1.1
1.7
-1.6
-2.7
1.4
-2.4
-4.3
-2.8
0.2
-2.3
-1.3
-3.6
-2.2
-2.2
2009
Q1
Q2
Q3
Q4
-8.1
-1.7
-1.3
-0.1
0.8
-6.2
-0.7
-1.0
-14.3
-7.0
-4.0
-8.6
-2.0
-1.1
-2.1
-0.6
-5.2
-2.2
-4.4
1.4
-5.1
-1.9
-1.9
-1.5
-6.3
-2.9
-3.1
-1.8
2010
Q1
Q2
Q3
Q4
-0.4
0.6
0.4
-1.5
-6.3
-1.8
-1.6
1.4
-18.0
9.3
-12.1
-3.1
5.1
4.1
3.9
-2.6
1.1
7.4
2.9
0.8
0.8
-0.2
-0.3
-4.1
1.0
1.4
0.8
-3.1
2011
Q1
Q2
Q3
Q4
-0.1
0.2
-1.3
1.6
-1.9
1.2
-0.9
-5.0
-3.1
-2.2
-8.8
3.3
2.6
1.4
1.2
1.8
0.3
-2.5
0.6
1.2
2.3
4.4
-2.0
1.4
-3.7
5.8
-2.2
-0.9
2012
Q1
-0.8
5.8
13.9
2.7
4.9
0.5
1.1
Table 6 Expenditure on Gross National Product at Constant Market Prices

(Chain linked annually and referenced to year 2010) - 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
2007
Q1
Q2
Q3
Q4
21,140
21,406
21,620
21,756
7,259
7,201
7,336
7,336
9,962
9,048
8,887
9,350
31
109
-337
1,952
38,932
38,677
38,946
39,790
-35,242
-34,615
-35,599
-35,958
43,045
42,267
41,818
43,355
-6,896
-6,919
-5,921
-7,674
36,028
35,280
35,784
35,783
2008
Q1
Q2
Q3
Q4
21,948
21,339
21,511
21,093
7,346
7,327
7,293
7,341
9,326
8,084
8,732
7,331
-583
381
487
-652
39,210
38,717
38,471
38,262
-35,429
-34,304
-34,462
-33,178
42,822
41,857
41,805
40,346
-6,196
-6,322
-7,179
-6,431
36,440
35,428
34,678
33,774
2009
Q1
Q2
Q3
Q4
20,508
20,303
20,194
20,245
7,247
7,089
6,846
6,843
6,375
6,140
6,090
5,669
-432
-355
-384
-296
37,575
37,253
36,860
37,035
-31,646
-31,336
-30,215
-30,751
40,206
39,778
39,024
38,685
-6,899
-7,130
-7,482
-7,369
33,236
32,622
31,660
31,430
2010
Q1
Q2
Q3
Q4
20,494
20,532
20,596
20,423
6,620
6,643
6,471
6,457
4,549
5,166
4,685
4,387
-280
-341
175
-108
38,180
39,003
40,574
40,111
-30,454
-32,202
-32,804
-32,892
39,207
39,093
39,340
38,828
-7,318
-6,849
-6,457
-5,470
31,843
32,220
32,993
33,075
2011
Q1
Q2
Q3
Q4
20,142
20,044
19,753
20,115
6,417
6,328
6,266
6,054
4,249
4,239
3,842
4,058
-34
67
291
-113
40,570
41,531
41,779
41,938
-32,756
-31,873
-31,743
-31,593
38,960
40,120
39,673
39,948
-7,719
-7,895
-7,799
-8,442
31,131
32,115
31,986
31,693
2012
Q1
19,702
6,190
4,527
-162
43,019
-33,129
39,520
-8,115
31,274

2007
Q1
Q2
Q3
Q4
2.5
1.3
1.0
0.6
4.2
-0.8
1.9
-0.0
3.7
-9.2
-1.8
5.2
8.2
-0.7
0.7
2.2
4.7
-1.8
2.8
1.0
5.5
-1.8
-1.1
3.7
3.3
-2.1
1.4
-0.0
2008
Q1
Q2
Q3
Q4
0.9
-2.8
0.8
-1.9
0.1
-0.3
-0.5
0.7
-0.3
-13.3
8.0
-16.0
-1.5
-1.3
-0.6
-0.5
-1.5
-3.2
0.5
-3.7
-1.2
-2.3
-0.1
-3.5
1.8
-2.8
-2.1
-2.6
2009
Q1
Q2
Q3
Q4
-2.8
-1.0
-0.5
0.3
-1.3
-2.2
-3.4
-0.1
-13.1
-3.7
-0.8
-6.9
-1.8
-0.9
-1.1
0.5
-4.6
-1.0
-3.6
1.8
-0.3
-1.1
-1.9
-0.9
-1.6
-1.8
-2.9
-0.7
2010
Q1
Q2
Q3
Q4
1.2
0.2
0.3
-0.8
-3.2
0.3
-2.6
-0.2
-19.8
13.6
-9.3
-6.4
3.1
2.2
4.0
-1.1
-1.0
5.7
1.9
0.3
1.3
-0.3
0.6
-1.3
1.3
1.2
2.4
0.2
2011
Q1
Q2
Q3
Q4
-1.4
-0.5
-1.4
1.8
-0.6
-1.4
-1.0
-3.4
-3.1
-0.2
-9.4
5.6
1.1
2.4
0.6
0.4
-0.4
-2.7
-0.4
-0.5
0.3
3.0
-1.1
0.7
-5.9
3.2
-0.4
-0.9
2012
Q1
-2.1
2.2
11.6
2.6
4.9
-1.1
-1.3
Annex 1 - Trade Summary: Quarterly Breakdown of trade into goods/services at current and constant prices
Trade at Current Prices
Exports
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
2012
Q1
Trade at Constant Prices

million
Exports
Imports
Imports
Total
Goods
Services
Total
Goods
Services
Total
Goods
Services
Total
Goods
Services
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
37,808
39,319
38,441
40,715
156,282
20,496
21,165
19,825
21,680
83,167
17,312
18,154
18,616
19,034
73,116
34,726
34,621
34,350
37,777
141,473
17,270
15,803
15,257
17,381
65,712
17,456
18,817
19,093
20,396
75,762
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
38,102
39,441
38,054
38,953
154,550
20,665
21,389
20,197
20,672
82,923
17,437
18,051
17,857
18,281
71,627
34,861
34,336
33,237
34,847
137,281
15,529
14,594
13,881
13,174
57,178
19,332
19,743
19,356
21,672
80,103
36,513
37,697
35,785
36,374
146,369
20,329
20,390
18,665
18,261
77,645
16,184
17,307
17,120
18,113
68,724
30,821
30,618
28,082
30,832
120,352
12,245
11,389
10,468
11,076
45,178
18,576
19,229
17,614
19,756
75,174
36,564
38,001
36,551
37,521
148,637
20,147
20,444
19,027
18,861
78,478
16,417
17,557
17,524
18,660
70,159
31,133
31,402
29,155
32,215
123,905
12,348
11,947
11,168
11,924
47,387
18,786
19,455
17,987
20,291
76,518
37,009
40,217
40,491
40,093
157,810
20,036
21,512
21,250
19,809
82,607
16,973
18,705
19,241
20,284
75,203
29,638
32,281
31,814
34,594
128,326
11,166
11,825
11,509
12,356
46,856
18,472
20,456
20,305
22,238
81,470
37,190
39,852
40,311
40,457
157,810
20,168
21,160
21,097
20,181
82,607
17,021
18,692
19,214
20,276
75,203
29,992
32,322
31,654
34,359
128,326
11,455
11,936
11,395
12,071
46,856
18,536
20,386
20,259
22,289
81,470
40,088
42,375
41,538
42,790
166,791
20,980
21,786
21,038
21,054
84,858
19,108
20,589
20,500
21,736
81,933
33,204
32,801
31,553
34,316
131,875
12,761
12,126
11,208
12,175
48,270
20,443
20,675
20,345
22,141
83,605
39,582
42,461
41,574
42,172
165,789
20,958
22,025
21,185
20,644
84,812
18,623
20,436
20,390
21,528
80,977
32,307
32,045
30,618
32,910
127,879
12,165
11,703
10,591
11,308
45,767
20,143
20,342
20,027
21,601
82,113
43,054
21,824
21,230
34,678
13,541
21,137
42,013
21,181
20,832
32,749
12,309
20,441
% growth rate year on year

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
8.9
7.7
6.7
10.1
5.2
4.9
0.7
7.7
13.8
11.2
14.0
12.8
9.6
5.7
9.5
7.1
13.1
8.8
7.7
6.3
6.3
3.3
11.0
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
0.7
-0.6
-4.1
-4.0
0.4
-0.8
-3.2
-7.8
-10.1
-7.7
-9.0
-24.2
10.7
4.9
1.4
6.3
2009
Q1
Q2
Q3
Q4
-0.3
-0.2
-3.3
-6.2
1.5
0.5
-5.1
-13.3
-2.6
-1.0
-1.3
2.3
-8.5
-8.1
-13.5
-10.4
-20.7
-21.3
-24.5
-17.6
1.8
2.0
-5.3
-5.7
-4.0
-3.7
-3.9
-3.7
-2.5
-4.4
-5.8
-8.8
-5.8
-2.7
-1.9
2.1
-10.7
-8.5
-12.3
-7.6
-20.5
-18.1
-19.5
-9.5
-2.8
-1.5
-7.1
-6.4
2010
Q1
Q2
Q3
Q4
1.4
6.7
13.1
10.2
-1.4
5.5
13.8
8.5
4.9
8.1
12.4
12.0
-3.8
5.4
13.3
12.2
-8.8
3.8
9.9
11.6
-0.6
6.4
15.3
12.6
1.7
4.9
10.3
7.8
0.1
3.5
10.9
7.0
3.7
6.5
9.6
8.7
-3.7
2.9
8.6
6.7
-7.2
-0.1
2.0
1.2
-1.3
4.8
12.6
9.8
2011
Q1
Q2
Q3
Q4
8.3
5.4
2.6
6.7
4.7
1.3
-1.0
6.3
12.6
10.1
6.5
7.2
12.0
1.6
-0.8
-0.8
14.3
2.5
-2.6
-1.5
10.7
1.1
0.2
-0.4
6.4
6.5
3.1
4.2
3.9
4.1
0.4
2.3
9.4
9.3
6.1
6.2
7.7
-0.9
-3.3
-4.2
6.2
-2.0
-7.1
-6.3
8.7
-0.2
-1.1
-3.1
2012
Q1
7.4
4.0
11.1
4.4
6.1
3.4
6.1
1.1
11.9
1.4
1.2
1.5
Annex 2
Transportable Goods Industries & Utilities Sector and Building & Construction Sector at Constant Factor Cost (Chain linked annually and referenced to year 2010) - Non-Seasonally Adjusted and Seasonally Adjusted
million
NON-SEASONALLY ADJUSTED
Period
SEASONALLY ADJUSTED
Industry
of which
of which
Industry
of which
Transportable
Transportable
Building
Goods Industries
and
Goods Industries
and Utilities
construction
and Utilities
of which
Building
and
construction
2007
Q1
Q2
Q3
Q4
11,009
10,580
10,166
10,664
9,440
9,236
8,440
9,052
1,240
1,151
1,213
1,223
10,793
10,127
10,741
10,898
9,178
8,602
9,199
9,326
1,260
1,199
1,180
1,190
2008
Q1
Q2
Q3
Q4
10,680
10,685
9,728
8,742
9,123
9,406
8,153
7,303
1,210
1,125
1,150
1,041
10,350
10,225
10,235
9,068
8,768
8,792
8,803
7,636
1,232
1,172
1,114
1,013
2009
Q1
Q2
Q3
Q4
9,941
9,784
8,273
7,855
9,046
9,081
7,383
7,045
900
814
808
753
9,552
9,334
8,699
8,246
8,630
8,496
7,922
7,457
922
846
781
730
2010
Q1
Q2
Q3
Q4
9,803
9,497
8,529
8,697
9,210
8,901
7,896
8,104
594
596
631
593
9,351
9,030
8,990
9,186
8,721
8,339
8,453
8,625
614
616
611
572
2011
Q1
Q2
Q3
Q4
9,646
9,749
8,872
8,901
9,136
9,248
8,375
8,404
510
501
497
497
9,164
9,243
9,376
9,428
8,626
8,663
8,960
8,967
531
516
482
478
2012
Q1
9,859
9,408
451
9,341
8,863
472
2007
Q1
Q2
Q3
Q4
4.2
-8.4
-1.4
1.0
4.1
-12.1
-1.6
1.3
4.3
1.2
-1.8
-0.2
1.8
-6.2
6.1
1.5
1.6
-6.3
6.9
1.4
6.1
-4.8
-1.6
0.8
2008
Q1
Q2
Q3
Q4
-3.0
1.0
-4.3
-18.0
-3.3
1.8
-3.4
-19.3
-2.4
-2.3
-5.1
-14.9
-5.0
-1.2
0.1
-11.4
-6.0
0.3
0.1
-13.3
3.5
-4.8
-5.0
-9.1
2009
Q1
Q2
Q3
Q4
-6.9
-8.4
-15.0
-10.1
-0.8
-3.5
-9.4
-3.5
-25.6
-27.6
-29.7
-27.7
5.3
-2.3
-6.8
-5.2
13.0
-1.5
-6.8
-5.9
-9.0
-8.2
-7.7
-6.6
2010
Q1
Q2
Q3
Q4
-1.4
-2.9
3.1
10.7
1.8
-2.0
7.0
15.0
-34.0
-26.8
-21.9
-21.3
13.4
-3.4
-0.4
2.2
17.0
-4.4
1.4
2.0
-15.8
0.3
-0.9
-6.4
2011
Q1
Q2
Q3
Q4
-1.6
2.7
4.0
2.3
-0.8
3.9
6.1
3.7
-14.1
-15.9
-21.2
-16.2
-0.2
0.9
1.4
0.6
0.0
0.4
3.4
0.1
-7.1
-2.9
-6.7
-0.9
2012
Q1
2.2
3.0
-11.6
-0.9
-1.2
-1.1
10
Annex 3A Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2010)
million
- Non Seasonally Adjusted
CURRENT MARKET PRICES
Period
Personal
Gross
domestic
fixed
capital
formation
Final
Domestic
Demand
Value of
physical
changes
in stocks
Total
Domestic
Demand
92,724
94,153
83,155
82,060
81,308
28,997
30,482
29,213
26,170
25,410
48,377
39,324
25,601
18,745
16,112
170,098
163,958
137,969
126,975
122,830
1,025
-330
-1,490
-553
227
171,122
163,628
136,479
126,422
123,056
22,353
22,568
22,828
24,975
92,724
7,038
7,104
7,304
7,551
28,997
13,994
11,828
11,056
11,499
48,377
43,385
41,501
41,187
44,025
170,098
28
381
-490
1,106
1,025
23,732
22,953
23,041
24,427
94,153
7,476
7,555
7,562
7,888
30,482
12,137
9,645
9,721
7,821
39,324
43,345
40,153
40,324
40,137
163,958
20,971
20,319
20,055
21,809
83,155
7,671
7,099
7,097
7,346
29,213
7,582
6,768
5,918
5,333
25,601
20,183
20,054
20,138
21,684
82,060
6,630
6,419
6,363
6,758
26,170
20,034
19,877
19,587
21,810
81,308
19,950
consumption of
goods and
services
2007
2008
2009
2010
2011
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
2012
Q1
CONSTANT MARKET PRICES
Net exp.
by central
and local
government
on current
goods and
services
Personal
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
85,967
85,909
81,279
82,060
80,067
29,112
29,283
27,995
26,170
25,045
37,196
33,462
24,225
18,745
16,390
153,683
149,392
133,656
126,975
121,502
1,773
-341
-1,465
-553
209
154,334
148,948
132,194
126,422
121,712
43,413
41,881
40,697
45,130
171,122
21,073
20,982
21,094
22,818
85,967
7,141
7,095
7,303
7,573
29,112
10,694
8,965
8,559
8,977
37,196
39,601
37,362
37,157
39,563
153,683
14
740
-973
1,992
1,773
39,547
37,675
36,613
40,500
154,334
-390
529
-27
-442
-330
42,955
40,682
40,297
39,695
163,628
21,838
20,908
20,995
22,168
85,909
7,247
7,254
7,220
7,563
29,283
10,100
8,139
8,327
6,896
33,462
39,671
36,467
36,742
36,513
149,392
-657
936
97
-716
-341
39,257
36,890
36,727
36,074
148,948
36,224
34,187
33,070
34,488
137,969
-568
14
-430
-505
-1,490
35,655
34,200
32,640
33,983
136,479
20,357
19,887
19,723
21,312
81,279
7,171
7,048
6,748
7,029
27,995
6,982
6,310
5,722
5,210
24,225
34,605
33,301
32,222
33,527
133,656
-570
109
-502
-502
-1,465
34,054
33,369
31,734
33,038
132,194
5,138
5,446
4,172
3,988
18,745
31,951
31,920
30,674
32,431
126,975
-399
51
226
-431
-553
31,552
31,971
30,899
31,999
126,422
20,300
20,111
20,126
21,522
82,060
6,575
6,621
6,362
6,612
26,170
5,049
5,428
4,313
3,955
18,745
31,935
32,182
30,794
32,064
126,975
-436
44
246
-407
-553
31,509
32,221
31,027
31,665
126,422
6,369
6,361
6,353
6,327
25,410
4,704
4,469
3,435
3,505
16,112
31,107
30,707
29,374
31,641
122,830
-142
480
390
-501
227
30,965
31,187
29,764
31,140
123,056
19,923
19,636
19,306
21,203
80,067
6,393
6,316
6,156
6,180
25,045
4,789
4,520
3,477
3,604
16,390
31,104
30,472
28,939
30,987
121,502
-204
428
437
-451
209
30,901
30,900
29,376
30,535
121,712
6,423
5,009
31,382
-266
31,117
19,477
6,184
5,172
30,833
-339
30,494
consumption of
goods and
services
2007
Q1
Q2
Q3
Q4
9.4
9.6
10.3
9.0
13.2
11.7
10.4
8.5
14.2
5.4
-9.7
-8.6
11.5
8.7
4.1
3.7
9.8
6.4
4.2
5.6
6.6
6.3
7.0
5.7
8.6
6.9
5.7
5.1
12.7
6.6
-5.6
-4.3
8.9
6.4
3.0
2.6
7.3
4.2
2.9
4.4
2008
Q1
Q2
Q3
Q4
6.2
1.7
0.9
-2.2
6.2
6.3
3.5
4.5
-13.3
-18.5
-12.1
-32.0
-0.1
-3.2
-2.1
-8.8
-1.1
-2.9
-1.0
-12.0
3.6
-0.4
-0.5
-2.8
1.5
2.2
-1.1
-0.1
-5.6
-9.2
-2.7
-23.2
0.2
-2.4
-1.1
-7.7
-0.7
-2.1
0.3
-10.9
2009
Q1
Q2
Q3
Q4
-11.6
-11.5
-13.0
-10.7
2.6
-6.0
-6.2
-6.9
-37.5
-29.8
-39.1
-31.8
-16.4
-14.9
-18.0
-14.1
-17.0
-15.9
-19.0
-14.4
-6.8
-4.9
-6.1
-3.9
-1.0
-2.8
-6.5
-7.1
-30.9
-22.5
-31.3
-24.4
-12.8
-8.7
-12.3
-8.2
-13.3
-9.5
-13.6
-8.4
2010
Q1
Q2
Q3
Q4
-3.8
-1.3
0.4
-0.6
-13.6
-9.6
-10.3
-8.0
-32.2
-19.5
-29.5
-25.2
-11.8
-6.6
-7.2
-6.0
-11.5
-6.5
-5.3
-5.8
-0.3
1.1
2.0
1.0
-8.3
-6.1
-5.7
-5.9
-27.7
-14.0
-24.6
-24.1
-7.7
-3.4
-4.4
-4.4
-7.5
-3.4
-2.2
-4.2
2011
Q1
Q2
Q3
Q4
-0.7
-0.9
-2.7
0.6
-3.9
-0.9
-0.2
-6.4
-8.5
-18.0
-17.7
-12.1
-2.6
-3.8
-4.2
-2.4
-1.9
-2.5
-3.7
-2.7
-1.9
-2.4
-4.1
-1.5
-2.8
-4.6
-3.2
-6.5
-5.2
-16.7
-19.4
-8.9
-2.6
-5.3
-6.0
-3.4
-1.9
-4.1
-5.3
-3.6
2012
Q1
-0.4
0.8
6.5
0.9
0.5
-2.2
-3.3
8.0
-0.9
-1.3
11
Annex 3B Total Domestic Demand at Current Market Prices & Constant Prices (Chain linked annually and referenced to year 2010)
- Seasonally Adjusted
million
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
2007
Q1
Q2
Q3
Q4
22,472
23,081
23,417
23,670
7,101
7,230
7,338
7,334
13,235
11,900
11,437
11,853
42,994
42,246
42,148
42,664
65
7
-140
1,087
43,170
42,236
42,065
43,515
21,140
21,406
21,620
21,756
7,259
7,201
7,336
7,336
9,962
9,048
8,887
9,350
39,009
37,995
38,028
38,627
31
109
-337
1,952
39,022
37,894
37,989
39,359
2008
Q1
Q2
Q3
Q4
23,915
23,514
23,625
23,070
7,519
7,693
7,624
7,647
11,389
9,539
10,164
8,222
42,999
40,817
41,337
38,847
-308
176
166
-370
42,881
40,998
41,498
38,298
21,948
21,339
21,511
21,093
7,346
7,327
7,293
7,341
9,326
8,084
8,732
7,331
39,132
36,963
37,672
35,631
-583
381
487
-652
38,853
37,004
38,017
35,125
2009
Q1
Q2
Q3
Q4
21,192
20,838
20,561
20,533
7,708
7,227
7,174
7,106
7,042
6,547
6,283
5,742
35,993
34,650
33,987
33,354
-442
-309
-409
-321
35,750
34,405
33,466
32,872
20,508
20,303
20,194
20,245
7,247
7,089
6,846
6,843
6,375
6,140
6,090
5,669
34,228
33,622
33,081
32,701
-432
-355
-384
-296
33,822
33,366
32,740
32,275
2010
Q1
Q2
Q3
Q4
20,448
20,570
20,663
20,358
6,661
6,540
6,436
6,527
4,709
5,145
4,523
4,382
31,801
32,217
31,632
31,361
-254
-250
126
-167
31,741
32,076
31,605
31,023
20,494
20,532
20,596
20,423
6,620
6,643
6,471
6,457
4,549
5,166
4,685
4,387
31,692
32,356
31,668
31,250
-280
-341
175
-108
31,386
32,101
31,954
31,015
2011
Q1
Q2
Q3
Q4
20,339
20,383
20,112
20,443
6,405
6,482
6,425
6,107
4,247
4,154
3,789
3,915
30,968
30,898
30,372
30,619
12
181
239
-200
31,200
31,237
30,401
30,240
20,142
20,044
19,753
20,115
6,417
6,328
6,266
6,054
4,249
4,239
3,842
4,058
30,942
30,565
29,777
30,192
-34
67
291
-113
30,830
30,710
30,219
29,975
2012
Q1
20,279
6,464
4,459
31,212
-111
31,362
19,702
6,190
4,527
30,710
-162
30,428
2007
Q1
Q2
Q3
Q4
3.2
2.7
1.5
1.1
5.0
1.8
1.5
-0.1
3.8
-10.1
-3.9
3.6
4.4
-1.7
-0.2
1.2
4.7
-2.2
-0.4
3.4
2.5
1.3
1.0
0.6
4.2
-0.8
1.9
0.0
3.7
-9.2
-1.8
5.2
3.6
-2.6
0.1
1.6
3.6
-2.9
0.2
3.6
2008
Q1
Q2
Q3
Q4
1.0
-1.7
0.5
-2.3
2.5
2.3
-0.9
0.3
-3.9
-16.2
6.5
-19.1
0.8
-5.1
1.3
-6.0
-1.5
-4.4
1.2
-7.7
0.9
-2.8
0.8
-1.9
0.1
-0.3
-0.5
0.7
-0.3
-13.3
8.0
-16.0
1.3
-5.5
1.9
-5.4
-1.3
-4.8
2.7
-7.6
2009
Q1
Q2
Q3
Q4
-8.1
-1.7
-1.3
-0.1
0.8
-6.2
-0.7
-1.0
-14.3
-7.0
-4.0
-8.6
-7.3
-3.7
-1.9
-1.9
-6.7
-3.8
-2.7
-1.8
-2.8
-1.0
-0.5
0.3
-1.3
-2.2
-3.4
-0.1
-13.1
-3.7
-0.8
-6.9
-3.9
-1.8
-1.6
-1.1
-3.7
-1.3
-1.9
-1.4
2010
Q1
Q2
Q3
Q4
-0.4
0.6
0.4
-1.5
-6.3
-1.8
-1.6
1.4
-18.0
9.3
-12.1
-3.1
-4.7
1.3
-1.8
-0.9
-3.4
1.1
-1.5
-1.8
1.2
0.2
0.3
-0.8
-3.2
0.3
-2.6
-0.2
-19.8
13.6
-9.3
-6.4
-3.1
2.1
-2.1
-1.3
-2.8
2.3
-0.5
-2.9
2011
Q1
Q2
Q3
Q4
-0.1
0.2
-1.3
1.6
-1.9
1.2
-0.9
-5.0
-3.1
-2.2
-8.8
3.3
-1.3
-0.2
-1.7
0.8
0.6
0.1
-2.7
-0.5
-1.4
-0.5
-1.4
1.8
-0.6
-1.4
-1.0
-3.4
-3.1
-0.2
-9.4
5.6
-1.0
-1.2
-2.6
1.4
-0.6
-0.4
-1.6
-0.8
2012
Q1
-0.8
5.8
13.9
1.9
3.7
-2.1
2.2
11.6
1.7
1.5
12
Background Notes
Introduction This release gives the official quarterly national accounts estimates for Ireland. It provides the
first set of results for quarter 1 of 2012 . 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
Figures for previous quarters have been revised and realigned with the latest annual estimates for
2011 and earlier years which have been published today.
Nace In compliance with EU regulations the Nace Rev. 2 classification system is used in tables 1, 4 and
classification Annex 2. This replaces the national classification system which was used up to now.
The results for the economy continue to be shown for five sectors whose titles remain the same as
in previous releases. However the contents of the sectors have changed and conform to the Nace
Rev. 2 system.
One of the main changes to the classification is that the Publishing industry has been
reclassified from Industry to the sector Distribution, transport, software and communication.
In addition, enterprises in the Hotels and catering sector have been reclassified from the Service
sector to the Distribution sector. The Software industry was also included in Other
Services in the old National Classification but is now part of the new category Distribution
transport, software and communications in the NACE rev 2 classification. The overall effect on
the tables has been that the Distribution, transport, software and communications sector
accounts now for a much larger share of the total GVA of the economy than heretofore while the
sectors classified as Industry and Other Services account for a lower share.
In tables 1 and 4 the following is the correspondence with the relevant sections of Nace Rev. 2:
Agriculture, forestry and fishing
Section A
Industry
Sections B to F
Distribution, transport, software & communications
Sections G to J
Public Administration and Defence

Other Services
Section O
Sections K to N
and P to U
For further information on the Nace Rev. 2 classification of industrial activity, visit the CSO
website:
http://www.cso.ie/en/surveysandmethodology/classifications/classificationofindustrialactivity.
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 2012 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 2010 values. A consequence of this method is that
the individual components of GDP at reference year values do not add to the total.
13
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 years 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.
Distribution, Transport, Software 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).
14
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 Environments (DoE) Quarterly Housing
Bulletin. Information on other building and construction is obtained from the Departments
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 CSOs 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.
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

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An Phromh-Oifig Staidrimh

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