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

The Irish economy expanded 4.2 percent on quarter in the three months to September 2017, following an upwardly revised 2.7 percent growth in the previous period and easily beating market expectations of 1.4 percent. It was the strongest pace of expansion in almost a year, boosted by a rebound in household consumption and a positive contribution from net exports. GDP Growth Rate in Ireland averaged 1.46 percent from 1995 until 2017, reaching an all time high of 21.60 percent in the first quarter of 2015 and a record low of -3.80 percent in the fourth quarter of 2008.

Ireland GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Irish Economy Grows 4.2% in Q3


The Irish economy expanded 4.2 percent on quarter in the three months to September 2017, following an upwardly revised 2.7 percent growth in the previous period and easily beating market expectations of 1.4 percent. It was the strongest pace of expansion in almost a year, boosted by a rebound in household consumption and a positive contribution from net exports.

On the expenditure side, personal consumption, which accounted for approximately 51.7 percent of domestic demand, rose 1.9 percent after contracting by 0.9 percent in Q2; and government spending growth was unchanged at 0.7 percent. Also, net exports increased by 63.1 percent due to a surge in exports (4.4 percent from 0.8 percent in Q2) while imports fell sharply (-10.9 percent from 11.1 percent in Q2). By contrast, capital formation shrank 36 percent, following a 22.4 percent gain in Q2.

On the output side of the accounts, value added of information & communication rose by 5.8 percent in the third quarter. Industry (excluding construction) recorded a 4.8 percent increase in real terms with financial services recording a 4.6 percent increase. Construction increased by 3 percent over the same period. All other sectors exhibited moderate growth over the period with the exception of agriculture which recorded a decline of 9 percent and professional and administration services which recorded a modest decline of 0.2 percent.

Compared to the same quarter of the previous year, the GDP expanded by 10.5 percent, following an upwardly revised 6.3 percent growth in the previous period. It was the strongest pace of expansion since the fourth quarter of 2015.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/15/2017 11:23:16 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-14 10:00 AM GDP Growth Rate QoQ -2.6% 5.8% 2% 1.5%
2017-09-15 10:00 AM GDP Growth Rate QoQ 1.4% -3.5% 1.35% 1.5%
2017-12-15 11:00 AM GDP Growth Rate QoQ 4.2% 2.7% 1.4% 1.4%
2018-03-08 11:00 AM GDP Growth Rate QoQ 4.2% 0.60%
2018-07-14 10:00 AM GDP Growth Rate QoQ 1.90%
2018-09-15 10:00 AM GDP Growth Rate QoQ 1.90%


Ireland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.20 2.70 21.60 -3.80 percent [+]
GDP Annual Growth Rate 10.50 6.30 27.60 -9.80 percent [+]
GDP 304.82 290.62 304.82 1.94 USD Billion [+]
GDP Constant Prices 75207.00 72148.00 75207.00 24833.00 EUR Million [+]
Gross National Product 61396.00 54877.00 61962.00 22207.00 EUR Million [+]
Gross Fixed Capital Formation 13135.00 20526.00 25155.00 3873.00 EUR Million [+]
GDP per capita 66787.14 64784.09 66787.14 12323.69 USD [+]
GDP per capita PPP 62828.34 60944.02 62828.34 22116.98 USD [+]
GDP From Agriculture 713.00 784.00 784.00 370.00 EUR Million [+]
GDP From Construction 2062.00 2002.00 3026.00 1238.00 EUR Million [+]
GDP From Manufacturing 25565.00 24401.00 26788.00 5213.00 EUR Million [+]
GDP From Public Administration 7464.00 7440.00 7464.00 3878.00 EUR Million [+]
GDP From Transport 8233.00 8112.00 8233.00 4646.00 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 2.70 21.60 -3.80 1995 - 2017 percent Quarterly
SA




GDP growth rate by Country
Country Last
United States 2.60 Dec/17
China 1.60 Dec/17
India 1.60 Sep/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Mexico 1.00 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Australia 0.60 Sep/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Sep/17
United Kingdom 0.50 Dec/17
Canada 0.40 Sep/17
Italy 0.30 Dec/17
Brazil 0.10 Sep/17
Japan 0.10 Dec/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17


Related

Latest