Full Year GDP Growth in Ireland increased to 2.60 percent in 2024 from -2.50 percent in 2023. Full Year GDP Growth in Ireland averaged 5.82 percent from 1996 until 2024, reaching an all time high of 24.60 percent in 2015 and a record low of -5.10 percent in 2009. source: Central Statistics Office Ireland
Full Year GDP Growth in Ireland is expected to reach 3.20 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Full Year GDP Growth is projected to trend around 3.40 percent in 2027 and 3.30 percent in 2028, according to our econometric models.
From 1995 to 2007, Irish economy was growing rapidly averaging 6 percent a year, benefiting from a rise in consumer spending, construction, and business investment. However in 2008, as a result of a crash in real estate market, economic activity dropped sharply and the country entered into a recession for the first time in more than a decade. After series of economic reforms aiming at reducing budget deficit and government debt, the GDP started to expand from Q3 of 2010 and after three quarters of contraction in 2012, it has gained the status of fastest growing economy in the Euro Area.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
2.60 |
-2.50 |
24.60 |
-5.10 |
1996 - 2024 |
percent |
Yearly |
NSA
|