Pearse Doherty (Donegal South West, Sinn Fein)
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70. To ask the Minister for Finance if he will provide a projection on the expected GNP of Ireland in the next three years including redomiciled public limited companies and excluding redomiciled public limited companies. [25969/13]

Michael Noonan (Limerick City, Fine Gael)
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The Department’s latest forecast for gross national product (GNP) at current market prices, are set out below. These are consistent with the GNP forecasts of April 30 as set out in the Ireland Stability Programme - April 2013 Update.

*Outturn

Recent research by the ESRI suggests that exclusion of certain re-domiciled UK plcs would subtract about €5.7bn from GNP in 2011 and about €7.4bn in 2012. Along with all other forecasting institutions, my Department forecasts GNP in a manner which is consistent with the GNP estimates produced by the Central Statistics Office on a quarterly basis. Departmental officials are aware of the impact of the re-domciled plc issue, however, and will continue to monitor its impact over the near term.