The story behind
the numbers
Volume GDP (annual % Changes)
1948 – 2010
GDP & GNP (Seasonally Adjusted)
Q1 2002 – Q3 2011
GDP
GNP
Sector Composition of GDP
2007
2010
Importance of MNEs
Number of Enterprises by Size Class
Importance of Top 50 enterprises
Imports, Exports &Trade Balance (Jan – Sept 2011)
Net Exports
Other services
Business services
Royalties/licences
Computer services
Insur & Finan Servs
Other Goods
Machinery&Equip
Chemicals
Fuel
Food
-30
-20
-10 €billions
0
10
20
30
40
Outflows (€ Billions) – Goods, Services & Profits
2007
2010
Royalties/Licences
€18.6
€28.5
Profits
€26.5
€27.8
Two speed economy
Industrial Production (Base: Year 2000 = 100)
Employment and Unemployment
Employment rate and unemployment rate (%), 2000 to 2011
70
16
68
14
66
12
64
10
62
8
Employment rate
Unemployment rate
60
6
58
4
56
2
54
0
Q200 Q201 Q202 Q203 Q204 Q205 Q206 Q207 Q208 Q209 Q210 Q211
Employment change by sector
Growth in Employment
2004 – 2007
Loss in Employment
2007 – 2011
Unemployment Rates (%) by Region
Unemployment Rates (%) 2007 vs 2010
Who has been effected most by employment loss?
% Change Q2 2008 – Q2 2011
Regions most affected by employment loss
How enterprises have reduced Wage Bill
2008 – 2009
65%
54%
Employment
12%
13%
20%
37%
29%
9%
Average Hours
4%
4%
Average Hourly
Earnings
3%
Residential Property Prices
(Base: Jan 2005 = 100)
Negative Equity by age cohort & size
Negative Equity
Age
Negative Equity
Mortgage
Dwelling vacancy rates
Vacant dwellings & Holiday Homes
Vacant dwellings only
Household Savings
120
16%
14%
100
12%
80
10%
8%
Ratio
€billions
60
6%
40
4%
20
2%
-
0%
2002
2003
2004
2005
GDI
2006
PCE
2007
Savings Ratio
2008
2009
2010
Household Investments & Savings
Impact on Well-being
(Base: Year 2007 = 100)
Overall Population Change
Components of Population Change
Actual and Projected dependency ratios
Projections based on M0F1 assumptions
Constituency populations 2011
Key message
Macro
Economics
Everything is
inter-connected
Business
Statistics
Social
Statistics
Take a closer look
www.cso.ie
Dates for your diary
Balance of Payments
Seminar
How Enterprises changed their
wage bills in the downturn
Coach House - Dublin Castle
By Kieran Walsh, CSO
23rd February, 9.30am
Register: corporate.support@cso.ie
Statistical and Social Inquiry
Society of Ireland
Royal Irish Academy, 9th February, 6pm