The Irish economy went back into recession in the second half of last year, according to the Central Statistics Office.
The CSO released the National Accounts for 2011 and they said the economy shrank by 0.2% between October and December, marking the second consecutive quarter of decline, which indicates a recession.
However, for 2011 as a whole the economy grew by 0.7%.
It is the first time in four years that the economy has shown growth, but GNP, which excludes multin-national companies, fell by 2.5% in 2011.
The report shows that industries that exclude the Building and Construction sector grew by 4.5% while Agriculture, Forestry and Fishing increased by 2% between 2010 and 2011.
Exports performed strongly in 2011, while imports declined slightly so that there was an overall increase of €7.2bn in net exports.