Written answers
Thursday, 3 April 2014
Department of Finance
Economic Data
Brendan Griffin (Kerry South, Fine Gael)
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64. To ask the Minister for Finance the rate of GNP expansion and-or contraction, in tabular form for each year since 2000; and if he will make a statement on the matter. [15800/14]
Michael Noonan (Limerick City, Fine Gael)
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The table below sets out the level of Gross National Product (GNP) in both current and constant prices in Ireland and the annual volume percentage changes since 2000. GNP is a measure of income accruing to residents of a country. In Ireland, GNP is currently considerably lower than GDP because of outward income flows to non-residents, especially profits and dividends of foreign direct investment enterprises. Since 2000, GNP has ranged between 80 per cent and 87 per cent of the value of GDP and stood at close to 84 per cent in 2013.
| Year | GNP at Current Market Prices €m | GNP at Constant (2011) Market Prices €m | GNP Volume Change % |
|---|---|---|---|
| 2000 | 90,156 | 111,350 | 11.0 |
| 2001 | 98,549 | 114,397 | 2.7 |
| 2002 | 107,021 | 116,411 | 1.8 |
| 2003 | 118,911 | 121,879 | 4.7 |
| 2004 | 127,146 | 126,493 | 3.8 |
| 2005 | 138,636 | 134,117 | 6.0 |
| 2006 | 154,309 | 142,874 | 6.5 |
| 2007 | 163,134 | 148,033 | 3.6 |
| 2008 | 154,933 | 145,317 | -1.8 |
| 2009 | 133,919 | 132,051 | -9.1 |
| 2010 | 131,812 | 132,750 | 0.5 |
| 2011 | 130,662 | 130,662 | -1.6 |
| 2012 | 132,649 | 132,984 | 1.8 |
| 2013* | 137,917 | 137,476 | 3.4 |
Source: CSO 'National Income and Expenditure'
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