Ireland’s gross domestic product expanded 11.4 percent year-on-year in the third quarter of 2021, easing from a downwardly revised 21.1 percent advance in Q2. source: Central Statistics Office Ireland

GDP Annual Growth Rate in Ireland averaged 6 percent from 1996 until 2021, reaching an all time high of 29.10 percent in the first quarter of 2015 and a record low of -10.20 percent in the fourth quarter of 2008. This page provides - Ireland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Ireland is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Ireland GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-02 10:00 AM Q2 21.6% 11.2% 6%
2021-12-03 11:00 AM Q3 11.4% 21.1% 12.4%
2022-03-04 11:00 AM Q4 11.4%

Related Last Previous Unit Reference
GDP Growth Rate 0.90 5.20 percent Sep/21
GDP Annual Growth Rate 11.40 21.10 percent Sep/21
GDP Constant Prices 109378.00 102916.00 EUR Million Jun/21
Gross National Product 82704.00 78729.00 EUR Million Sep/21
Gross Fixed Capital Formation 19546.00 18476.00 EUR Million Jun/21
GDP From Public Administration 9094.00 8845.00 EUR Million Jun/21
GDP From Manufacturing 44399.00 42858.00 EUR Million Jun/21
GDP From Construction 1795.00 1461.00 EUR Million Jun/21
GDP From Agriculture 736.00 763.00 EUR Million Jun/21
GDP From Transport 7653.00 7602.00 EUR Million Jun/21
GDP From Services 20231.00 20385.00 EUR Million Dec/16
Ireland GDP Annual Growth Rate
From 1995 to 2007, Irish economy was growing rapidly averaging 6 percent a year, benefiting from a rise in consumer spending, construction, and business investment. However in 2008, as a result of a crash in real estate market, economic activity dropped sharply and the country entered into a recession for the first time in more than a decade. After series of economic reforms aiming at reducing budget deficit and government debt, the GDP started to expand from Q3 of 2010 and after three quarters of contraction in 2012, it has gained the status of fastest growing economy in the Euro Area.