The annual percentage change in the volume of GDP and GNP each year between 2000 and 2010 is shown in the table. The figures for this year are the projections which underpin the 2010 Budget. The cumulative increase in the level of GDP between 2000 and 2010 is estimated at 30 per cent; the equivalent figure for GNP is 17 per cent. The latest indications are that economic activity is stabilising and most commentators expect a return to positive annual growth in the second half of this year.
|
GDP
|
GNP
|
2000
|
9.4
|
9.8
|
2001
|
5.7
|
3.8
|
2002
|
6.5
|
2.9
|
2003
|
4.4
|
5.7
|
2004
|
4.6
|
4.3
|
2005
|
6.2
|
5.6
|
2006
|
5.4
|
6.3
|
2007
|
6.0
|
4.4
|
2008
|
-3.0
|
-2.8
|
2009
|
-7.1
|
-11.3
|
2010 (f)
|
-1.3
|
-1.7
|