Ireland’s economy contracted by 12.1% in the first quarter of 2026, extending a revised 4.2% decline in the previous quarter and exceeding preliminary estimates of a 2.0% drop. Modified domestic demand, a broad measure of underlying activity covering personal, government, and investment spending, grew by 0.6%, while Gross National Product (GNP) increased by 1.5%. The multinational enterprise (MNE)-dominated sectors contracted sharply by 27.1%, with industry (excluding construction) down 35.0% and information & communication down 2.0%. In contrast, non-MNE sectors expanded by 0.4%, with the professional, administrative & support sector rising by 1.5% and construction increasing by 1.2%. On the expenditure side, exports decreased by 7.0%, while imports rose by 4.2%, resulting in a 39.8% contraction in net exports. Capital investment surged 13.8%, though machinery and equipment investment declined. Personal consumption and government spending increased by 0.6% and 0.5%, respectively. source: Central Statistics Office Ireland

The Gross Domestic Product (GDP) in Ireland contracted 12.10 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Ireland averaged 1.34 percent from 1995 until 2026, reaching an all time high of 22.90 percent in the first quarter of 2015 and a record low of -12.10 percent in the first quarter of 2026. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) in Ireland contracted 12.10 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Ireland is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-29 10:00 AM
QoQ Prel
Q1 -2.0% -3.8% 0.5%
2026-06-04 10:00 AM
QoQ Final
Q1 -12.1% -4.2% -2.0% -2.0%
2026-07-28 10:00 AM
QoQ Prel
Q2 -12.1% 0.7%


Related Last Previous Unit Reference
GDP Growth Rate YoY -17.10 2.20 percent Mar 2026
GDP Constant Prices 128323.00 145924.00 EUR Million Mar 2026
GDP from Agriculture 1133.00 1196.00 EUR Million Mar 2026
GDP from Construction 3654.00 3612.00 EUR Million Mar 2026
GDP from Manufacturing 31503.00 49424.00 EUR Million Mar 2026
GDP from Public Administration 12154.00 12163.00 EUR Million Mar 2026
GDP from Transport 13648.00 13624.00 EUR Million Mar 2026
GDP Growth Rate -12.10 -4.20 percent Mar 2026
Gross Fixed Capital Formation 29925.00 30170.00 EUR Million Mar 2026
GNP 110700.00 109105.00 EUR Million Mar 2026


Ireland GDP Growth Rate
Irish economy is based on foreign trade, industry and investment. The country is major high-tech manufacturer and is one of the world’s biggest exporters of pharmaceuticals and software. On the expenditure side, household consumption is the main component of GDP and accounts for 44 percent, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Net exports adds 19 percent to total GDP as exports account for 114 percent while imports for 95 percent.
Actual Previous Highest Lowest Dates Unit Frequency
-12.10 -4.20 22.90 -12.10 1995 - 2026 percent Quarterly
SA

News Stream
Ireland’s Economy Contracts 12.1% in Q1 2026
Ireland’s economy contracted by 12.1% in the first quarter of 2026, extending a revised 4.2% decline in the previous quarter and exceeding preliminary estimates of a 2.0% drop. Modified domestic demand, a broad measure of underlying activity covering personal, government, and investment spending, grew by 0.6%, while Gross National Product (GNP) increased by 1.5%. The multinational enterprise (MNE)-dominated sectors contracted sharply by 27.1%, with industry (excluding construction) down 35.0% and information & communication down 2.0%. In contrast, non-MNE sectors expanded by 0.4%, with the professional, administrative & support sector rising by 1.5% and construction increasing by 1.2%. On the expenditure side, exports decreased by 7.0%, while imports rose by 4.2%, resulting in a 39.8% contraction in net exports. Capital investment surged 13.8%, though machinery and equipment investment declined. Personal consumption and government spending increased by 0.6% and 0.5%, respectively.
2026-06-04
Irish GDP Contracts 2% in Q1
Ireland’s gross domestic product fell by 2% quarter-on-quarter in the first quarter of 2026, following a 3.8% decline in the previous quarter, according to preliminary estimates. This marks the second consecutive quarter of economic contraction, driven largely by a downturn in the multinational-dominated industrial sector. On an annual basis, the economy plunged by 6% in Q1, reaching its lowest level since Q4 2023 and reversing a 2.2% gain in the preceding quarter.
2026-04-29
Ireland GDP Shrinks at Fastest Pace Since 2020
Ireland’s GDP fell by 3.8% quarter-on-quarter in the final quarter of 2025, worse than the initial estimate of a 0.6% drop, after showing no growth in the previous period. This marked the sharpest contraction since the second quarter of 2020, weighed down by a 2.6% drop in the multinational-dominated sector, led by industry excluding construction, which fell 3.6%. On the expenditure side, growth in household consumption picked up (0.9% vs 0.4% in Q3) but slowed in government spending (0.3% vs 1.5%). Fixed investments declined by 4.6%, reversing a 13.4% increase in the third quarter. In trade, exports dropped (-3.4% vs 2.4%) more than imports (-1.3% vs 10.4%), resulting in a 9.0% fall in net exports. On a yearly basis, GDP rose by 2.2%, slowing sharply from an upwardly revised 11.2% increase in the prior quarter and marking the weakest pace of growth since a contraction in the second quarter of 2024. In 2025, Ireland’s economy expanded by 12.3%, accelerating from a 2.6% growth in 2024.
2026-03-05