Irish GDP and GNP fell in the third quarter of 2011; Net exports rose 21.8% but domestic demand plunged 5.4% in the year
Dec 16th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Initial estimates for the third quarter of 2011 (Q3) show seasonally adjusted drops of 1.9% in Irish GDP (gross domestic product) and 2.2% in GNP (gross national product) compared with Q2 2011. Comparing Q3 2011 with the same quarter one year earlier, GDP at constant prices registered a decrease of 0.1% while GNP was 4.2% lower. Net exports rose 21.8% but domestic demand plunged 5.4% in the year.