Ireland’s gross domestic product contracted 5.4 percent on the quarter in the three months to December of 2021, the sharpest contraction on record and falling from an upwardly revised 1.2 percent increase in the previous quarter. Household consumption edged down 0.3 percent, extending the 0.2 percent decrease in the previous quarter. At the same time, net foreign demand contributed negatively to growth, as imports jumped by 22.7 percent while exports ticked up by a slower 1.3 percent. On the other hand, gross domestic fixed capital jumped 76.5 percent, while government expenditure rose by 0.9 percent. On a yearly basis, the economy expanded 9.6 percent in Q4, easing from the 11.3 percent rise in the previous quarter. Considering the full 2021, Ireland’s economy rose 13.5 percent. source: Central Statistics Office Ireland
GDP Growth Rate in Ireland averaged 1.44 percent from 1995 until 2021, reaching an all time high of 23.40 percent in the first quarter of 2015 and a record low of -5.40 percent in the fourth quarter of 2021. 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 May of 2022.
GDP Growth Rate in Ireland is expected to be 0.50 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 2023, according to our econometric models.