Ireland's economy, measured by Gross Domestic Product (GDP), increased in the second quarter of 2011 by 1.6 percent, according to official figures released on Thursday.
The data, published by the Central Statistics Office (CSO), highlights a stabilization of domestic demand and continuing export growth between April and June.
Meanwhile, Ireland's Gross National Product (GNP), which does not take foreign multinational corporations into account, showed a growth of 1.1 percent in the second quarter.
The CSO figures also show an annual growth rate of 2.3 percent since the second quarter of 2010.
On a seasonally adjusted basis, Ireland's personal consumption increased by 0.3 percent, investments increased by 6.4 percent and exports by 1 percent compared with the first quarter of 2011.
Net exports grew by 1.9 billion euros, an increase of 24 percent, since the same period in 2010. Domestic demand on the other hand declined by 714 million euros in the same period.
On the output side of the accounts, agriculture, forestry and the fishing industry grew by 6.9 percent while the building and construction industry grew by 10 percent. These were the only sectors to record growth in the second quarter of 2011.
Meanwhile, government expenditure decreased by 0.8 percent and imports decreased by 0.6 percent.