The story behind the numbers. Volume GDP (annual % Changes) 1948 – 2010.

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Presentation transcript:

The story behind the numbers

Volume GDP (annual % Changes) 1948 – 2010

GDP & GNP (Seasonally Adjusted) GDP GNP Q – Q3 2011

Sector Composition of GDP

Importance of MNEs Number of Enterprises by Size Class

Importance of Top 50 enterprises

Imports, Exports &Trade Balance (Jan – Sept 2011)

Outflows (€ Billions) – Goods, Services & Profits Royalties/Licences€18.6€28.5 Profits €26.5€27.8

Two speed economy Industrial Production (Base: Year 2000 = 100)

Employment and Unemployment

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 Q – Q2 2011

Regions most affected by employment loss

How enterprises have reduced Wage Bill Employment Average Hourly Earnings Average Hours 54% 37% 29% 12% 3% 4% 20% 13% 9% 4% 2008 – %

Residential Property Prices (Base: Jan 2005 = 100)

Negative Equity by age cohort & size Negative Equity Mortgage Age

Dwelling vacancy rates Vacant dwellings & Holiday Homes Vacant dwellings only

Household Savings

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 Everything is inter-connected Macro Economics Social Statistics Business Statistics

Take a closer look

Dates for your diary Balance of Payments Seminar Coach House - Dublin Castle 23 rd February, 9.30am Register: How Enterprises changed their wage bills in the downturn By Kieran Walsh, CSO Statistical and Social Inquiry Society of Ireland Royal Irish Academy, 9 th February, 6pm