Irish Gross Domestic Product and Gross National Product fell 7.1% and 11.3% in 2009 — the largest decline in output ever recorded in a single year since 1922; Economy back to 2003 level
Mar 25th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The first estimates of Irish Gross Domestic Product (GDP) and Gross National Product (GNP) for the year 2009 as a whole indicate that GDP was 7.1% lower than in 2008 while GNP was 11.3% lower than in 2008. This is the largest decline in output ever recorded in a single year since 1922, when the State was founded, according to the CSO.