The Irish gross domestic product expanded 6.3 percent in the first quarter, up from an upwardly revised 3.6 percent gain in the previous three-month period. Information & communication made the most positive contribution to the Q1 result, rising by 32.1 per cent with agriculture recording an increase of 10.6 per cent. Increases were also recorded in financial and insurance activities (7.4 per cent), construction (7.4 per cent), industry (7.0 per cent), professional and administrative services (3.1 per cent), real estate activities (2.2 per cent) and distribution, transport, hotels and restaurants (1.8 per cent). Arts and entertainment showed a decline of 1.3 per cent year-on-year. On the expenditure side there was an increase in net exports of €3,176m (11.5 per cent) during the quarter. Capital formation exhibited a year-on-year increase of 4.9 per cent while personal consumption expenditure increased by 2.9 per cent in Q1 2019 compared with Q1 2018. GDP Annual Growth Rate in Ireland averaged 5.75 percent from 1996 until 2019, reaching an all time high of 29.20 percent in the first quarter of 2015 and a record low of -10.40 percent in the fourth quarter of 2008.

GDP Annual Growth Rate in Ireland is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ireland to stand at 4.30 in 12 months time. In the long-term, the Ireland GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Ireland GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 10:00 AM GDP Growth Rate YoY Q2 9% 9.3% 7.5%
2018-12-13 11:00 AM GDP Growth Rate YoY Q3 4.9% 8.7% 5.1%
2019-03-14 11:00 AM GDP Growth Rate YoY Q4 3% 5.4% 4.5%
2019-07-11 10:00 AM GDP Growth Rate YoY Q1 6.3% 3.6% 3.7%
2019-09-13 10:00 AM GDP Growth Rate YoY Q2 6.3% 2.8%
2019-12-17 11:00 AM GDP Growth Rate YoY Q3 3.5%


Ireland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.40 0.30 23.40 -5.60 percent [+]
GDP Annual Growth Rate 6.30 3.60 29.20 -10.40 percent [+]
GDP 375.90 331.43 375.90 1.94 USD Billion [+]
GDP Constant Prices 83580.00 81595.00 83580.00 22399.00 EUR Million [+]
Gross National Product 62561.00 61271.00 66725.00 21303.00 EUR Million [+]
Gross Fixed Capital Formation 16417.00 21849.00 53124.00 4063.00 EUR Million [+]
GDP per capita 78764.60 74559.30 78764.60 12708.80 USD [+]
GDP per capita PPP 70361.05 66604.43 70361.05 21658.43 USD [+]
GDP From Agriculture 828.00 789.00 916.00 371.00 EUR Million [+]
GDP From Construction 2212.00 2095.00 2898.00 1114.00 EUR Million [+]
GDP From Manufacturing 26988.00 26885.00 27761.00 5165.00 EUR Million [+]
GDP From Public Administration 7811.00 7863.00 7863.00 4306.00 EUR Million [+]
GDP From Transport 9259.00 9264.00 9288.00 4825.00 EUR Million [+]


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. . This page provides - Ireland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.30 3.60 29.20 -10.40 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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