Ireland’s GDP expanded 1.7 percent on quarter in the three months to September 2019, up from a revised 0.1 percent contraction in the previous period. Positive contributions to growth came from household consumption and foreign trade. Year-on-year, GDP growth advanced to 5.0 percent in the third quarter from a downwardly revised 4.9 percent in the previous three-month period. GDP Growth Rate in Ireland averaged 1.43 percent from 1995 until 2019, reaching an all time high of 23.20 percent in the first quarter of 2015 and a record low of -5.80 percent in the first quarter of 2017. source: Central Statistics Office Ireland
GDP Growth Rate in Ireland is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ireland to stand at 0.70 in 12 months time. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.