Irish GDP fell 1% in 2010; GNP dipped 2.1%; GDP fell 1.6% in Q4 and GNP rose 2.0%
Mar 24th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Preliminary estimates for the year 2010 indicate annual declines of 1.0% in Irish GDP (gross domestic product) and 2.1% in GNP (gross national product). While 2010 is the third year of falling output the annual rate of decline in both GDP and GNP has moderated compared with the 2008 and 2009 results. The Central Statistics Office said that on a seasonally adjusted basis, constant price GDP for the fourth quarter of 2010 fell by 1.6% compared with the previous quarter while the corresponding quarterly change for GNP was an increase of 2.0%.