the story behind the numbers

The story behind the numbers

Volume GDP (annual % Changes)

1948 – 2010

GDP & GNP (Seasonally Adjusted)

GDP

GNP

Q1 2002 – Q3 2011

Sector Composition of GDP

20102007

Importance of MNEs

Number of Enterprises by Size Class

Importance of Top 50 enterprises

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

Food

Fuel

Chemicals

Machinery&Equip

Other Goods

Insur & Finan Servs

Computer services

Royalties/licences

Business services

Other services

-30000 -20000 -10000 0 10000 20000 30000 40000

Net Exports

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

Q200 Q201 Q202 Q203 Q204 Q205 Q206 Q207 Q208 Q209 Q210 Q21154

56

58

60

62

64

66

68

70

0

2

4

6

8

10

12

14

16

Employment rate and unemployment rate (%), 2000 to 2011

Employment rateUnemployment rate

Employment change by sector

Growth in Employment2004 – 2007

Loss in Employment2007 – 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

Employment

Average Hourly Earnings

Average Hours

54%

37%29%

12%

3%4%

20% 13%

9%

4%

2008 – 2009

65%

Residential Property Prices

(Base: Jan 2005 = 100)

Negative Equity by age cohort & size

Negative Equity

Negative Equity

Mortgage

Age

Dwelling vacancy rates

Vacant dwellings & Holiday Homes Vacant dwellings only

Household Savings

2002 2003 2004 2005 2006 2007 2008 2009 2010 -

20

40

60

80

100

120

0%

2%

4%

6%

8%

10%

12%

14%

16%

GDI PCE Savings Ratio

€bill

ion

s

Rat

io

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

Take a closer look

www.cso.ie

Dates for your diary

Balance of Payments Seminar

Coach House - Dublin Castle

23rd February, 9.30am

Register: corporate.support@cso.ie

How Enterprises changed their wage bills in the downturn

By Kieran Walsh, CSO

Statistical and Social Inquiry

Society of Ireland

Royal Irish Academy, 9th February, 6pm