GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The Gross Domestic Product (GDP) in Ireland expanded 3.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Ireland Real GDP Growth

• The Gross Domestic Product (GDP) in Ireland contracted 0.3 % YoY in Mar 2023, following a growth of 12.8 % in the previous quarter.
• Real GDP Growth YoY data in Ireland is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 6.2 %.
• The data reached an all-time high of 26.6 % in Mar 2015 and a record low of -9.6 % in Dec 2008.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Central Statistics Office provides Real GDP in EUR, at chain linked 2020 prices.


Related information about Ireland Real GDP Growth

• In the latest reports, Nominal GDP of Ireland reached 132.9 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.0 % in Mar 2023.
• GDP Per Capita in Ireland reached 100,604.6 USD in Dec 2021.
• Its Gross Savings Rate was measured at 65.0 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 22.8 % in Mar 2023.
• Public Consumption accounted for 9.6 % in Mar 2023.
• Private Consumption accounted for 25.4 % in Mar 2023.

The gross domestic product (GDP) per capita in Ireland was forecast to continuously increase between 2024 and 2029 by in total 17,965.3 U.S. dollars (+17.36 percent). After the sixth consecutive increasing year, the GDP per capita is estimated to reach 121,465.7 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more statistics on other topics about Ireland with key insights such as the national debt, the gross domestic product in current prices, and the budget balance in relation to the gross domestic product.

Ireland GDP Growth Tracker: Yo2Y: Low data was reported at 9.777 % in 23 Apr 2023. This records an increase from the previous number of 8.137 % for 16 Apr 2023. Ireland GDP Growth Tracker: Yo2Y: Low data is updated weekly, averaging 0.021 % from May 2020 (Median) to 23 Apr 2023, with 155 observations. The data reached an all-time high of 26.132 % in 01 May 2022 and a record low of -21.914 % in 10 May 2020. Ireland GDP Growth Tracker: Yo2Y: Low data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.WT: GDP Growth Tracker: Weekly.

Ireland: Informal economy, DGE method: The latest value from 2020 is 13.2 percent, a decline from 13.3 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Ireland from 1990 to 2020 is 15.75 percent. The minimum value, 13.2 percent, was reached in 2020 while the maximum of 17.8 percent was recorded in 1990.

Ireland gdp growth rate for 2023 was -3.20%, a 12.63% decline from 2022.

• Ireland gdp growth rate for 2022 was 9.43%, a 5.69% decline from 2021.
• Ireland gdp growth rate for 2021 was 15.13%, a 8.51% increase from 2020.
• Ireland gdp growth rate for 2020 was 6.62%, a 1.32% increase from 2019.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The inflation rate for the Republic of Ireland in February 2025 was 1.8 percent, down from 1.9 percent in the previous month. During the provided time period, inflation reached a peak of 9.2 percent in October 2022, and was at its lowest in October 2020, when prices were falling by 1.5 percent. In the most recent month, the sector which had the fastest rate of price rises was restaurants and hotels, at 3.7 percent, while prices were falling by eight percent for clothing and footwear. Inflation subsides but remains a key issue Like in many other economies, the global inflation crisis, led to increased inflation in Ireland from 2021 to 2023, reaching a peak of 9.2 percent in late 2022. As of October 2024, approximately 39 percent of people in Ireland, still saw inflation as one of the top two most important issues facing the country, down from 65 percent in July 2022. Furthermore, inflation was second only to housing as a top issue in the country, ahead of health, immigration, and climate change. Another survey highlights the fact that despite inflation subsiding, people are still struggling with the cost of living. When asked how well they are coping financially, just eleven percent of respondents advised they were living comfortably, with 37 percent just getting by, and almost a quarter finding it quite, or very difficult. Key economic indicators of Ireland Ireland's overall gross domestic product (GDP) in 2024 was estimated to be over 560.6 billion U.S. dollars, up from 551.6 billion dollars in 2023. Due to the presence of several multinational companies in the country, however, Ireland's GDP figure can be misleading. In 2022, for example, while overall GDP was 506.3 billion Euros, gross national income (GNI) was just 363.6 billion Euros, with modified GNI even lower at 273.1 billion Euros. Looking at Ireland's labor market, there were around 2.79 million people employed in the country in 2024, while the unemployment rate has, as of early 2025, fluctuated between four and 4.6 percent since April 2022.

The quarterly gross domestic product of the Republic of Ireland was just over 130.1 billion Euros in the third quarter of 2024, compared with around 120.3 billion Euros in the previous quarter.

Ireland Ref. Year = 2020: Gross Domestic Product (GDP): Volume data was reported at 519.466 EUR bn in Dec 2024. This records an increase from the previous number of 515.642 EUR bn for Sep 2024. Ireland Ref. Year = 2020: Gross Domestic Product (GDP): Volume data is updated quarterly, averaging 199.715 EUR bn from Mar 1990 (Median) to Dec 2024, with 140 observations. The data reached an all-time high of 519.466 EUR bn in Dec 2024 and a record low of 77.835 EUR bn in Mar 1990. Ireland Ref. Year = 2020: Gross Domestic Product (GDP): Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly. GDPV - Gross domestic product, volume Expenditure approach

Ireland: Informal economy, MIMIC method: The latest value from 2020 is 14.4 percent, a decline from 14.5 percent in 2019. In comparison, the world average is 32.74 percent, based on data from 158 countries. Historically, the average for Ireland from 1993 to 2020 is 15.95 percent. The minimum value, 14.4 percent, was reached in 2020 while the maximum of 17.3 percent was recorded in 1993.

In 2022, the gross domestic product of Northern Ireland was 50.6 billion British pounds, compared with 49.1 billion pounds in 2021.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for Ireland (DDDM05IEA156NWDB) from 1980 to 2020 about Ireland, debt, securities, private, and GDP.

Ireland: Uneven economic development index, 0 (low) - 10 (high): The latest value from 2024 is 2.1 index points, an increase from 1.8 index points in 2023. In comparison, the world average is 5.28 index points, based on data from 176 countries. Historically, the average for Ireland from 2007 to 2024 is 2.31 index points. The minimum value, 1.3 index points, was reached in 2020 while the maximum of 3 index points was recorded in 2008.

Ireland: Pension fund assets as percent of GDP: The latest value from 2020 is 35.51 percent, a decline from 37.18 percent in 2019. In comparison, the world average is 29.44 percent, based on data from 78 countries. Historically, the average for Ireland from 2001 to 2020 is 41.56 percent. The minimum value, 32.95 percent, was reached in 2002 while the maximum of 57.69 percent was recorded in 2014.

Ireland: Domestic credit to the private sector, percent of GDP: The latest value from 2020 is 32.44 percent, a decline from 36 percent in 2019. In comparison, the world average is 61.27 percent, based on data from 151 countries. Historically, the average for Ireland from 2001 to 2020 is 95.06 percent. The minimum value, 32.44 percent, was reached in 2020 while the maximum of 169.25 percent was recorded in 2009.

Ireland GDP: Deflator: Imports of Goods and Services: USD data was reported at 1.106 Index, 2020 in Dec 2024. This records an increase from the previous number of 1.102 Index, 2020 for Sep 2024. Ireland GDP: Deflator: Imports of Goods and Services: USD data is updated quarterly, averaging 0.994 Index, 2020 from Mar 1990 (Median) to Dec 2024, with 140 observations. The data reached an all-time high of 1.257 Index, 2020 in Jun 2008 and a record low of 0.663 Index, 2020 in Mar 2002. Ireland GDP: Deflator: Imports of Goods and Services: USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.EO: GDP: Deflator: Forecast: OECD Member: Quarterly. PMGSD - Imports of goods and services in USD, deflator (national accounts basis)Index, OECD reference year OECD calculation, see OECD Economic Outlook database documentation

Ireland: Financial system deposits, percent of GDP: The latest value from 2021 is 73.26 percent, a decline from 75.65 percent in 2020. In comparison, the world average is 69.41 percent, based on data from 138 countries. Historically, the average for Ireland from 1960 to 2021 is 59.43 percent. The minimum value, 34.09 percent, was reached in 1989 while the maximum of 109.99 percent was recorded in 2009.

Merchandise exports by the reporting economy (current US$) in Ireland was reported at 179946000000 USD in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ireland - Merchandise exports by the reporting economy - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.