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Irish economy grows 4 percent in Q3

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Staff Writer | December 12, 2016
Ireland's gross domestic product (GDP) grew by 4 percent year on year in the third quarter of this year, according to official figures.
Irish factory
Ireland   GDP grew by 4 percent year on year
The figures from the Central Statistics Office (CSO) showed that compared with a year ago, Ireland's GDP was 6.9 percent higher. Irish Prime Minister Enda Kenny said the Irish economy is expected to grow at about 4 percent this year, well ahead of EU partners.

GNP was 10.2 percent higher than in the third quarter of 2015
The CSO said Ireland's gross national product (GNP) increased by 3.2 percent in the third quarter, adding that compared with a year ago, GNP was 10.2 percent higher than in the third quarter of 2015.

The CSO figures also showed that net exports were 20.1 percent higher in the third quarter of 2016 compared with the corresponding quarter of 2015.

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