Gross domestic product rose by 5.7 per cent between 2005 and 2006 new figures from the Central Statistics Office show.
The National Income and Expenditure 2006 report released today showed both spending and disposable income increased in Ireland between 2005 and 2006 while Gross National Product rose by 6.5 percent.
A summary of the report says personal spending was up 7.9 percent while Government spending was also up 9 percent.
Meanwhile the gross national disposable income had also increased 9.3 percent.
When price rises are factored in the real increase in personal spending for the period was 5.7 percent.
The figures show agricultural incomes decreased by 5.9 percent while non-agricultural incomes increased by 8.2 percent.
The report said the value of investment in construction and capital equipment rose by 9.4 percent.
The value of exports of goods and services increased by 5.8 percent in 2006 while export prices increased by 1.4 percent.
Export volumes were also up by 4.4 percent while the value of imports increased by 7.8 percent.
The current account deficit in 2006 was €7,276 million.