News

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.
Published on 2026-03-05

Irish GDP Contracted 0.6% in Q4
Ireland’s gross domestic product fell by 0.6% quarter-on-quarter in the three months to December 2025, following a 0.3% decline in the previous quarter, according to preliminary estimates. This marks the second consecutive period of economic contraction, largely driven by a downturn in the multinational-dominated industrial sector. On an annual basis, the economy expanded by 3.7%, a significant slowdown from the 10.8% growth recorded in the previous quarter, and the weakest annual increase since the economic contraction in the second quarter of 2024.
Published on 2026-01-29

Ireland Q3 GDP Falls More Than First Thought
Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%, whereas the information and communication sector expanded by 0.6%. On the expenditure side, it showed a mixed picture. Personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.
Published on 2025-12-04

Ireland Q3 GDP Falls More Than First Estimated
Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew more modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%. On the expenditure side, personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.
Published on 2025-12-04

Ireland Q3 GDP Falls More Than First Thought
Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew more modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%. On the expenditure side, personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.
Published on 2025-12-04

Ireland Q3 GDP Falls More Than First Thought
Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%. On the expenditure side, personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.
Published on 2025-12-04

Ireland Q3 GDP Falls More Than First Thought
Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%. On the expenditure side, personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.
Published on 2025-12-04

Irish GDP Contracted 0.1% in Q3
Ireland’s gross domestic product contracted by 0.1% quarter-on-quarter in the three months to September 2025, following a 0.2% expansion in the previous period, according to preliminary estimates. This marks the first economic decline since the fourth quarter of 2023, largely reflecting a downturn in the multinational-dominated industrial sector. On an annual basis, the economy grew by 10.5%, easing from a 17.1% expansion recorded in the previous quarter.
Published on 2025-10-28

Ireland Economy Edged Up 0.2% in Q2
Ireland’s economy grew by 0.2% quarter-on-quarter in Q2 2025, surpassing the preliminary estimate of a 1.0% decline, but easing sharply from a revised 7.5% expansion in Q1. The globalised Industry sector expanded 2.5% in the quarter, while the Information & Communication sector rose 1.8%. Overall, the multinational-dominated sector increased 1.1%. Domestic activity showed mixed trends: personal consumption grew 1.0%, government spending rose 2.5%, but gross fixed capital formation dropped sharply by 36.9%. On the foreign trade front, both exports (-4.0%) and imports (-10.8%) declined. Meanwhile, GNP rebounded 15.7%, following a 6.6% decline in Q1, primarily due to statistical base effects.
Published on 2025-09-04

Ireland Economy Edged Up 0.2% in Q2
Ireland’s economy grew by 0.2% quarter-on-quarter in Q2 2025, surpassing the preliminary estimate of a 1.0% decline, but easing sharply from a revised 7.5% expansion in Q1. The globalised Industry sector expanded 2.5% in the quarter, while the Information & Communication sector rose 1.8%. Overall, the multinational-dominated sector increased 1.1%. Domestic activity showed mixed trends: personal consumption grew 1.0%, government spending rose 2.5%, but gross fixed capital formation dropped sharply by 36.9%. On the foreign trade front, both exports (-4.0%) and imports (-10.8%) declined. Meanwhile, GNP rebounded 15.7%, following a dramatic 606% decline in Q1, primarily due to statistical base effects.
Published on 2025-09-04

Ireland Economy Edged Up 0.2% in Q2
Ireland’s economy grew by 0.2% quarter-on-quarter in Q2 2025, surpassing the preliminary estimate of a 1.0% decline, but easing sharply from a revised 7.5% expansion in Q1. The globalised Industry sector expanded 2.5% in the quarter, while the Information & Communication sector rose 1.8%. Overall, the multinational-dominated sector increased 1.1%. Domestic activity showed mixed trends: personal consumption grew 1.0%, government spending rose 2.5%, but gross fixed capital formation dropped sharply by 36.9%. On the foreign trade front, both exports (-4.0%) and imports (-10.8%) declined. Meanwhile, GNP rebounded 15.7%, following a 6.6% decline in Q1.
Published on 2025-09-04

Ireland Economy Edged Up 0.2% in Q2
Ireland’s economy grew by 0.2% quarter-on-quarter in Q2 2025, surpassing the preliminary estimate of a 1.0% decline, but easing sharply from a revised 7.5% expansion in Q1. The globalised Industry sector expanded 2.5% in the quarter, while the Information & Communication sector rose 1.8%. Overall, the multinational-dominated sector increased 1.1%. Domestic activity showed mixed trends: personal consumption grew 1.0%, government spending rose 2.5%, but gross fixed capital formation dropped sharply by 36.9%. On the foreign trade front, both exports (-4.0%) and imports (-10.8%) declined. Meanwhile, GNP rebounded 15.7%, following a 6.6% decline in Q1?
Published on 2025-09-04

Irish GDP Returns to Contraction in Q2
Ireland’s GDP declined by 1.0% quarter-on-quarter in Q2 2025, reversing a robust 7.4% gain in the previous quarter, according to preliminary estimates. The contraction ended a five-month streak of growth, primarily due to a slowdown in the multinational-dominated industrial sector. On a year-on-year basis, GDP growth moderated to 12.5%, slowing from a 20% increase in the prior quarter.
Published on 2025-07-28

Irish GDP Surges in Q1 2025, GNP Contracts Sharply
Ireland’s economy grew by 7.4% quarter-on-quarter in Q1 2025, falling short of the second estimate of 9.7%, but accelerating sharply from a revised 4.5% expansion in the previous quarter. Despite the downward revision, it marked the fastest pace of growth since Q1 2021, driven largely by a surge in exports as multinational firms front-loaded shipments ahead of new US tariffs imposed by President Donald Trump. The expansion was concentrated in multinational-dominated sectors, with output from foreign-based companies rising 13.6%. The globalized industry sector jumped 16.5%, while growth in information and communication was modest at 0.5%. In contrast, the domestic economy grew by a more moderate 2.0%, supported by a 49.1% spike in capital investment. Personal consumption edged up just 0.3%, and government spending fell by 1.3%. Meanwhile, GNP declined by 7.2%, a steeper drop than the earlier estimate of 2.1%.
Published on 2025-07-08

Irish GDP Surges in Q1 2025
Ireland’s economy grew by 7.4% quarter-on-quarter in Q1 2025, falling short of the second estimate of 9.7%, but accelerating sharply from a revised 4.5% expansion in the previous quarter. Despite the downward revision, it marked the fastest pace of growth since Q1 2021, driven largely by a surge in exports as multinational firms front-loaded shipments ahead of new US tariffs imposed by President Donald Trump. The expansion was concentrated in multinational-dominated sectors, with output from foreign-based companies rising 13.6%. The globalized industry sector jumped 16.5%, while growth in information and communication was modest at 0.5%. In contrast, the domestic economy grew by a more moderate 2.0%, supported by a 49.1% spike in capital investment. Personal consumption edged up just 0.3%, and government spending fell by 1.3%. Meanwhile, GNP declined by 7.2%, a steeper drop than the earlier estimate of 2.1%.
Published on 2025-07-08

Ireland’s Economy Surges 9.7% in Q1
Ireland’s economy expanded by 9.7% quarter-on-quarter in Q1 2025, a sharp upgrade from the preliminary estimate of 3.2% and compared with an upwardly revised 5.0% growth in the previous period. This marked the fastest pace of expansion since Q3 2020, driven primarily by a surge in exports as multinational companies rushed to front-load shipments ahead of new tariffs introduced by US President Donald Trump. Much of the expansion stemmed from the multinational-dominated sectors, with activity among foreign-based firms rising 12.4%. The globalized industry sector jumped 17.1%, while the information & communication sector grew by 3.8%. In contrast, the domestic economy saw more modest growth of 0.7%, supported by a 0.6% rise in personal consumption and a 0.7% increase in government spending. Meanwhile, the GNP fell by 2.1% in Q1, after a revised 5.1% decline in Q4 2024.
Published on 2025-06-05

Irish Economy Maintains Healthy Growth
Ireland’s GDP rose by 3.2% quarter-on-quarter in Q1 2025, following a 3.6% advance in the previous period, according to preliminary estimates. This marked the third consecutive quarter of expansion and at a solid pace, "driven mainly by a rise in the multinational dominated sectors in Q1 2025 with a more modest increase in the domestic economy." On an annual basis, the GDP surged by 13.3%, accelerating from a 9.2% increase in the prior quarter and marking the strongest annual growth since Q4 2021.
Published on 2025-04-29

Ireland Economy Unexpectedly Grows in Q4
Ireland’s economy expanded by 3.6% quarter-on-quarter quarter in the three months to December 2024, defying initial estimates and forecasts of a 1.3% contraction, following a revised 4.1% growth in the previous three-month period. On the production side, activity rose mainly in industry (1.2%), information & communication (7.8%), and distribution, transport, hotels & restaurants (1.1%). On the expenditure side, personal consumption of goods and services went up (1.6%). On net demand, exports increased (5%) while imports dropped (-1.9%). However, government expenditure (-0.1%) and investment (-8.6%) declined. On an annual basis, GDP grew by 9.2% in the fourth quarter, compared to preliminary estimates and expectations of a 6.3% rise, after a revised 3.2% advance in the prior quarter.
Published on 2025-03-06

Irish GDP Returns to Contraction in Q4
Ireland’s GDP contracted by 1.3% quarter-on-quarter in the three months to December 2024, returning to negative territory after a 3.5% rebound in the previous period, according to preliminary estimates. This contraction was the sharpest in a year, primarily driven by a decline in the multinational-dominated industrial sector. On an annual basis, however, Ireland’s economy grew by 6.3%, accelerating from a 2.9% increase in the prior quarter and marking the strongest annual growth since Q4 2022. For the full year, GDP is estimated to have risen by 0.3%.
Published on 2025-01-28

Irish GDP Rebounds More than Thought
Ireland's GDP grew by 3.5% in Q3 2024, surpassing initial estimates of 2% and rebounding from a 0.3% contraction in the previous quarter, marking the strongest growth since early 2022. Key sectors like finance & insurance and professional services expanded by 4% and 3.6%, respectively, while construction grew 3.5%. Real estate rose 2.6%, and agriculture grew 1.3%, but distribution, transport, and hospitality saw a slight 0.3% decline. Government spending increased by 1.5%, though personal spending dipped 0.2%. Investment in capital formation surged 211.9% (€18.6 billion), following a weak Q2 impacted by multinational IP exports. However, net exports dropped 26.9% (€16.6 billion).
Published on 2024-12-05