Ireland business Coronavirus Ireland

Domestic economy grew by 6.5% in 2021 - CSO

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The economy grew strongly last year, according to the latest national accounts published by the Central Statistics Office today.

The CSO said that when measured by GDP, the economy grew in 2021 by 13.5%. Modified Domestic Demand, which measures activity in the domestic economy, grew by 6.5%, it added.

The continuing dominance of the multinational sector on the Irish economy contributed to Ireland becoming the fastest growing economy in Europe last year.

Today's CSO figures show that the multinational sector grew by 22%, boosted by exports, while the domestic economy grew by 5%.

Read more on rte.ie
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