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CSO statistical release, 14 July 2017, 11am

National Income and Expenditure Annual Results

2016

GDP and GNP
2015 2016% change
GDP at current prices €262,037m €275,567m5.2%
GDP at constant (2015) prices €262,037m €275,510m5.1%
GNP at current prices €205,990m €226,749m10.1%
GNP at constant (2015) prices €205,990m €225,781m9.6%

Increase of 5.1% in GDP in 2016

Figure 1 Growth Rates
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Detailed annual national accounts show that Gross Domestic Product (GDP) increased by 5.1% in constant prices between 2015 and 2016.

Gross National Product (GNP) increased by 9.6% over the same period. The present release is based on more complete and up to date data than that which was available when the Q4 2016 estimates were published in March 2017. The 2015/2016 volume changes indicated at that stage were GDP (5.2%) and GNP (9.0%).

Personal consumption expenditure on goods and services, a domestically focused indicator, increased by 3.3% between 2015 and 2016.

The results are compiled in accordance with the latest EU standard framework, ESA 2010.