Ireland’s economy expanded 3.9% quarter-on-quarter in the second quarter of 2026, rebounding from a 7.0% contraction in the previous quarter and ending two consecutive quarters of decline, according to preliminary estimates. This marked the strongest growth since Q1 2025, driven mainly by an increase in the multinational-dominated information and communication sector. On an annual basis, GDP fell 1.6% in Q2, easing from a 13% decline in the previous quarter and marking the third consecutive quarter of contraction after five straight quarters of growth. source: Central Statistics Office Ireland

The Gross Domestic Product (GDP) in Ireland expanded 3.90 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Ireland averaged 1.40 percent from 1995 until 2026, reaching an all time high of 24.70 percent in the first quarter of 2015 and a record low of -7.00 percent in the first quarter of 2026. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

The Gross Domestic Product (GDP) in Ireland expanded 3.90 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Ireland is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-04 10:00 AM
QoQ Final
Q1 -12.1% -4.2% -2.0% -2.0%
2026-07-29 10:00 AM
QoQ Prel
Q2 3.9% -7.0% 4.5%
2026-09-04 10:00 AM
QoQ Final
Q2 -7.0% 3.9% 3.9%


Related Last Previous Unit Reference
GDP Growth Rate YoY -1.60 -13.00 percent Jun 2026
GDP Constant Prices 136592.00 146853.00 EUR Million Mar 2026
GDP from Agriculture 1486.00 1545.00 EUR Million Mar 2026
GDP from Construction 3786.00 3958.00 EUR Million Mar 2026
GDP from Manufacturing 34812.00 39847.00 EUR Million Mar 2026
GDP from Public Administration 13237.00 13414.00 EUR Million Mar 2026
GDP from Information and Communication 32736.00 33390.00 EUR Million Mar 2026
GDP from Transport 13499.00 13577.00 EUR Million Mar 2026
GDP Growth Rate 3.90 -7.00 percent Jun 2026
Gross Fixed Capital Formation 31476.00 31653.00 EUR Million Mar 2026
GNP 117736.00 110291.00 EUR Million Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 -7.00 24.70 -7.00 1995 - 2026 percent Quarterly
SA

News Stream
Ireland Economy Expands 3.9% in Q2
Ireland’s economy expanded 3.9% quarter-on-quarter in the second quarter of 2026, rebounding from a 7.0% contraction in the previous quarter and ending two consecutive quarters of decline, according to preliminary estimates. This marked the strongest growth since Q1 2025, driven mainly by an increase in the multinational-dominated information and communication sector. On an annual basis, GDP fell 1.6% in Q2, easing from a 13% decline in the previous quarter and marking the third consecutive quarter of contraction after five straight quarters of growth.
2026-07-29
Ireland’s Economy Contracts Less than Initially Thought
Ireland’s economy contracted by 7.0% in the first quarter of 2026, extending a 3.6% decline in the previous quarter, according to revised data. The globalized Industry sector contracted by 12.0% from Q4 2025, while Information & Communication declined by 2.0%. Overall, the multinational-dominated sector fell by 7.5%. Domestic demand, however, showed resilience: Modified Domestic Demand (MDD) rose by 0.3%, driven by a 0.8% increase in personal spending. Domestic-focused sectors expanded by 0.1%, with Professional, Administrative & Support growing by 1.0%. Trade dynamics shifted, with exports falling 8.4% and imports rising 2.4%, leading to a 37.4% drop in net exports. Capital investment surged 27.0%, reflecting higher stock values, while government spending increased by 0.3%. Gross National Product (GNP), excluding multinational profits, rose by 6.8%, supported by a 48.4% decline in factor income outflows.
2026-07-02
Ireland’s Economy Contracts 12.1% in Q1 2026
Ireland’s economy contracted by 12.1% in the first quarter of 2026, extending a revised 4.2% decline in the previous quarter and exceeding preliminary estimates of a 2.0% drop. Modified domestic demand, a broad measure of underlying activity covering personal, government, and investment spending, grew by 0.6%, while Gross National Product (GNP) increased by 1.5%. The multinational enterprise (MNE)-dominated sectors contracted sharply by 27.1%, with industry (excluding construction) down 35.0% and information & communication down 2.0%. In contrast, non-MNE sectors expanded by 0.4%, with the professional, administrative & support sector rising by 1.5% and construction increasing by 1.2%. On the expenditure side, exports decreased by 7.0%, while imports rose by 4.2%, resulting in a 39.8% contraction in net exports. Capital investment surged 13.8%, though machinery and equipment investment declined. Personal consumption and government spending increased by 0.6% and 0.5%, respectively.
2026-06-04