Key Economic Indicators


% Change in Volume
2007
2008
2009
2010
2011E
2012F
2013F
2014F
2015F
Consumer Spending
6.5
-1.1
-6.9
-0.8
-2.5
-1.3
0.0
1.0
1.2
Government Spending
6.6
0.5
-4.5
-3.8
-3.0
-2.2
-2.2
-2.3
-2.1
Investment
2.3
-10.2
-28.7
-24.9
-11.0
-1.0
3.2
4.6
4.8
Exports
8.4
-1.1
-4.2
6.3
4.6
3.6
4.5
4.8
4.8
Imports
7.9
-3.0
-9.3
2.7
1.6
1.6
2.8
3.4
3.5
GDP
5.2
-3.0
-7.0
-0.4
1.0
1.3
2.4
3.0
3.0
GNP
3.9
-2.7
-9.8
0.3
0.4
0.7
1.7
2.3
2.3
Nominal GDP (€bn)
189.9
180.0
160.6
156.0
155.3
159.1
164.6
171.6
179.4
Nominal GNP (€bn)
163.4
154.7
132.2
128.2
126.5
128.8
132.1
136.9
142.1
 
Employment
2.9
-3.9
-8.1
-3.4
-1.9
-0.2
0.8
1.2
1.6
Unemployment rate (% labour force)
4.6
6.3
11.8
13.6
14.3
14.1
13.5
12.9
11.6
 
HICP (% change yoy)
2.8
3.1
-1.7
-1.6
1.2
1.9
1.5
1.6
1.8
GDP deflator (% change yoy)
1.3
-2.3
-4.1
-2.4
-1.5
1.1
1.0
1.3
1.5
 
Current Account Balance (% GDP)
-5.3
-5.7
-2.9
0.5
0.5
1.5
2.4
3.2
3.5
General Government Balance (€bn)
0.1
-13.2
-22.8
-48.8
-15.6
-13.7
-12.4
-8.6
-5.2
General Government Balance (% GDP)
0.1
-7.3
-14.2
-31.3
-10.1
-8.6
-7.5
-5.0
-2.9
General Government Debt (€bn)
47.4
79.8
104.8
144.4
166.1
183.0
195.8
202.5
206.3
General Government Debt (% GDP)
24.9
44.4
65.2
92.6
107.0
115.0
119.0
118.0
115.0

Source: Central Statistics Office; Department of Finance (Budget 2012, Dec. 2011)