Irish GNP down 1.4% but GDP up 0.3% in Q3 2009; Balance of payment deficit improved as imports fell sharply
Dec 17th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Initial estimates of Irish Gross Domestic Product (GDP) and Gross National Product (GNP), on a seasonally adjusted basis, for the third quarter of 2009 show a decline of 1.4 per cent in GNP and a small increase of 0.3 per cent in GDP compared with the previous quarter. In comparison with the corresponding quarter of 2008, GDP at constant prices was 7.4 per cent lower while GNP was 11.3 per cent lower, according to the CSO. The balance of payment deficit improved as imports fell sharply.