Official figures from the Central Statistics Office show that gross domestic product (GDP), or the value of goods and services produced, rose by 5.7% between 2005 and 2006.
The National Income and Expenditure 2006 report released today by the showed both spending and disposable income increased in Ireland between 2005 and 2006 while gross national product, which included goods and services produced produced abroad, rose by 6.5%.
The value of exports of good and services went up 5.8% last year, and export prices rose by 1.4%. The value of imports rose by 7.8% with a 3.4% increase in price.
The CSO report says personal spending rose 7.9% while Government spending increased by 9%.
Meanwhile the gross national disposable income had also increased 9.3%, though when food prices are included the increase in personal spending was 5.7%.
Agricultural incomes fell 5.9% while non-agricultural incomes increased by 8.2%.
The report said the value of investment in construction and capital equipment rose by 9.4% and the current account deficit in 2006 was €7.27 billion.
