The Central Bank has published "Measuring the Value Added of the Financial Sector in Ireland". This publication examines the contribution of the financial sector to economic activity despite high levels of government support. This article includes the current measurement of the financial sector output and examines the methodological and conceptual issues that result in these counterintuitive measures. Measurement of financial sector output, reflective of economic reality, continues to be the subject of international statistical debate.
The publication is available on the Central Bank website.