Ireland GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The Irish gross domestic product advanced by 2.5 percent on quarter in the three months to June of 2018, following an upwardly revised 0.4 percent contraction in the previous period. Personal consumption recovered, government spending went up faster and net trade contributed positively to GDP growth. In addition, fixed investment shrank less. GDP Growth Rate in Ireland averaged 1.45 percent from 1995 until 2018, reaching an all time high of 22.60 percent in the first quarter of 2015 and a record low of -4.80 percent in the first quarter of 2017.

Ireland GDP Growth Rate
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Irish Economy Returns to Growth in Q2


The Irish gross domestic product advanced by 2.5 percent on quarter in the three months to June of 2018, following an upwardly revised 0.4 percent contraction in the previous period. Personal consumption recovered, government spending went up faster and net trade contributed positively to GDP growth. In addition, fixed investment shrank less.

On the expenditure side of the accounts, household consumption increased 1.5 percent, after showing no growth in the previous three-month period and government spending rose at a sharper 1.3 percent (vs 0.4 percent in Q1). Also, net trade contributed positively to expansion, as exports surged 5.9 percent (-5.5 percent in Q1) while imports advanced only 0.3 percent (vs -3.6 percent in Q1). Meantime, fixed investment declined less (-1.4 percent vs -3.1 percent).

On the output side, industry made the largest positive contribution to the Q2 result, rebounding significantly (5.3 percent vs -9.4 percent in Q1), within which manufacturing also grew (5.0 percent vs -9.9 percent). Other important recoveries were seen in construction (3.2 percent vs -0.6 percent); distribution, trade, hotels & restaurants (3.9 percent vs -0.3 percent); finance and insurance activities (1.2 percent vs -1.2 percent); professional, administrative and support services (3.7 percent vs -2.2 percent). In addition, solid growth was recorded in information and communication (11.9 percent vs 11.3 percent). On the other hand, contractions were seen in agriculture (-3.4 percent vs -2.5 percent); arts and entertainment (-2.8 percent vs -3.8 percent); public administration, education, health (-1.1 percent vs 2.0 percent) and real estate activities (-0.1 percent vs 0.1 percent).

Compared with the same quarter of the previous year, the GDP expanded 9.0 percent, following an upwardly revised 9.3 percent advance in the previous period.


CSO | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/13/2018 10:45:37 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-15 11:00 AM GDP Growth Rate QoQ 3.2% 4.8% 2.6% 0.8%
2018-07-19 10:00 AM GDP Growth Rate QoQ -0.6% 2.8% 1%
2018-09-13 10:00 AM GDP Growth Rate QoQ 2.5% -0.4% 2.2%
2018-12-17 11:00 AM GDP Growth Rate QoQ 2.5% 1.5%


Ireland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.50 -0.40 22.60 -4.80 percent [+]
GDP Annual Growth Rate 9.00 9.30 29.30 -10.30 percent [+]
GDP 333.73 304.82 333.73 1.94 USD Billion [+]
GDP Constant Prices 78200.00 76257.00 78200.00 21184.00 EUR Million [+]
Gross National Product 59578.00 59193.00 62248.00 19915.00 EUR Million [+]
Gross Fixed Capital Formation 15204.00 15420.00 28188.00 3972.00 EUR Million [+]
GDP per capita 74433.46 69892.32 74433.46 12430.71 USD [+]
GDP per capita PPP 67335.29 63227.21 67335.29 21453.24 USD [+]
GDP From Agriculture 608.00 629.00 679.00 307.00 EUR Million [+]
GDP From Construction 1957.00 1897.00 2608.00 1008.00 EUR Million [+]
GDP From Manufacturing 24736.00 23488.00 25939.00 5062.00 EUR Million [+]
GDP From Public Administration 7768.00 7852.00 7852.00 4047.00 EUR Million [+]
GDP From Transport 8828.00 8496.00 8828.00 4675.00 EUR Million [+]


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. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 -0.40 22.60 -4.80 1995 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Netherlands 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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