* GNI*, a key deglobalised measure of Ireland’s economic performance, expanded by 4.8% in 2024.
* Personal spending on goods and services, a key measure of domestic economic activity, increased by 2.9% in the year.
* Modified Domestic Demand (MDD), a broad measure of underlying domestic activity that covers personal, government and investment spending, rose by 1.8% in 2024.
* Domestic dominated sectors expanded by 3.6% in 2024, driving an increase in Gross Domestic Product (GDP) of 2.6% in the year, with multinational-dominated sectors increasing by 1.5%.
* Total Exports grew by 8.6% in 2024 driven by an increase in Services Exports of 10.9% while Total Imports grew by 2.7%.
* The GDP deflator, a key indicator of average prices across the economy, recorded a 4.5% increase in 2024, compared to a 3.4% increase posted in the year 2023.
4 commenti
**Key Findings**
* GNI*, a key deglobalised measure of Ireland’s economic performance, expanded by 4.8% in 2024.
* Personal spending on goods and services, a key measure of domestic economic activity, increased by 2.9% in the year.
* Modified Domestic Demand (MDD), a broad measure of underlying domestic activity that covers personal, government and investment spending, rose by 1.8% in 2024.
* Domestic dominated sectors expanded by 3.6% in 2024, driving an increase in Gross Domestic Product (GDP) of 2.6% in the year, with multinational-dominated sectors increasing by 1.5%.
* Total Exports grew by 8.6% in 2024 driven by an increase in Services Exports of 10.9% while Total Imports grew by 2.7%.
* The GDP deflator, a key indicator of average prices across the economy, recorded a 4.5% increase in 2024, compared to a 3.4% increase posted in the year 2023.
https://www.cso.ie/en/releasesandpublications/ep/p-ana/annualnationalaccounts2024/keyfindings/
Lies, damned lies and government statistics
Up, up, and away!
Any stats on the burden to the taxpayer as a result of relentless issuing of gov bonds?
Surprised to see GNI* growing more than GDP, a lot of the time it’s the opposite.
Great, I look forward to a similar increase in wages to align with inflation.