The economy grew by 3.4% last year when measured by GDP, according to preliminary figures from the Central Statistic Office today.
However, a measure of domestic activity which strips out the impact of multinationals showed that the economy shrank by 5.4% last year.
The divergent fortunes of the domestic economy and the multinational sector are on clear display in these first official growth figures for 2020.
Overall, when measured by GDP, Ireland was the only economy in Europe to have grown last year by 3.4%. But when domestic activity is measured, modified domestic demand fell by 5.4% - the fall is in the mid range of European economies.