The latest national account figures from the CSO for Q4 2017 were again very positive. GDP grew by 7.8% in 2017 while GNP was up 6.6% in the year. On the expenditure side, consumption increased by 1.9% in the year. Capital investment declined by 22.3% in 2017, driven by lower imports of intellectual property products (IPP). Government expenditure exhibited an increase of 1.8 per cent over the same period. Meanwhile, exports grew 6.9% during the year while imports declined by 6.2%.