Irish economy grew by 5.5% in 2004

Business World:

Ireland's economy grew by 5.5% last year, according to preliminary figures from the Central Statistics Office.

The CSO said the figure was based on GNP, which is regarded as the most accurate measurement of economic performance as it excludes profits made by foreign companies.

The corresponding increase in Gross Domestic Product (GDP) was 4.9% over the same period.

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