Markets Actual Q2 Q3 Q4 Q1 2023
Currency 1.06 1.04 1.03 1.01 1 0.98
Stock Market (points) 6478.99 6265 6022 5789 5565 5143
Government Bond 10Y (%) 2.07 2.57 2.83 3.11 3.42 4.14

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 10.80 0.6 0.5 0.7 0.6 0.6
GDP Annual Growth Rate (%) 11.00 6.2 5.1 3.6 3.3 2
Unemployment Rate (%) 4.70 5.7 5.3 5.1 5.3 5.3
Inflation Rate (%) 7.80 8 6.5 5.7 4.5 3
Inflation Rate Mom (%) 0.90 0.2 0.4 0.5 0.5 0.3
Interest Rate (%) 0.00 0 0.75 1.25 1.5 1.75
Balance of Trade (EUR Thousand) 6426995.00 4600000 7100000 3000000 3000000 3000000
Current Account (EUR Million) 17360.00 17800 20900 14600 14600 9800
Current Account to GDP (% of GDP) 4.60 4.2 4.2 4.2 4.2 4
Government Debt to GDP (% of GDP) 56.00 50.8 50.8 50.8 46 46
Government Budget (% of GDP) -0.10 -3.2 -3.2 -3.2 -3.2 -2
Business Confidence (points) 17.00 22 17 21 21 19
Manufacturing PMI (points) 56.40 54 54.2 53.8 53.8 53.6
Services PMI (points) 60.20 54 54.6 54 54 53.4
Consumer Confidence (points) 57.70 53.7 91 95 98 101
Retail Sales MoM (%) 3.80 0.6 0.4 0.6 0.3 0.3
Corporate Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5
Personal Income Tax Rate (%) 48.00 48 48 48 48 48

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 10.80 0.6 0.5 0.7 0.6 0.6
GDP Annual Growth Rate (%) 11.00 6.2 5.1 3.6 3.3 2
GDP (USD Billion) 425.89 460 460 460 460 480
GDP Constant Prices (EUR Million) 115482.00 116159 115881 108167 119293 110330
Gross National Product (EUR Million) 80810.00 83200 87700 84000 83500 85700
Gross Fixed Capital Formation (EUR Million) 20500.00 20758 20285 35292 21177 35998
GDP per capita (USD) 78558.30 83800 83800 83800 83800 84700
GDP per capita PPP (USD) 89688.96 91700 91700 91700 91700 92900
GDP From Agriculture (EUR Million) 804.00 782 932 780 831 796
GDP From Construction (EUR Million) 1924.00 1906 2015 2110 1987 2153
GDP From Manufacturing (EUR Million) 48814.00 47152 51460 44518 50425 45408
GDP From Public Administration (EUR Million) 9175.00 9658 9627 9665 9478 9858
GDP From Transport (EUR Million) 9536.00 8127 8729 8825 9851 9001

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 4.70 5.7 5.3 5.1 5.3 5.3
Labor Force Participation Rate (%) 65.20 61 61.2 61.5 61.5 62
Youth Unemployment Rate (%) 12.60 13.6 13.2 13 13.2 13.2
Labour Costs (points) 90.80 90.45 86.82 101 93.43 103
Wages in Manufacturing (EUR/Week) 1017.28 969 962 1007 1047 1036
Minimum Wages (EUR/Hour) 10.20 10.7 10.7 10.7 10.7 11.5
Population (Million) 4.96 5.08 5.08 5.08 5.08 5.15
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Initial Jobless Claims (Persons) 50660.00 37000 36500 37000 37000 36000
Wage Growth (%) 2.30 4.2 3.6 2.9 2.9 2.9
Wages (EUR/Week) 880.37 885 868 890 906 915
Employment Rate (%) 72.80 67 67 67 67 67

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 7.80 8 6.5 5.7 4.5 3
Inflation Rate Mom (%) 0.90 0.2 0.4 0.5 0.5 0.3
Consumer Price Index CPI (points) 111.60 112 112 113 115 116
Harmonised Consumer Prices (points) 111.50 106 106 106 106 106
Core Consumer Prices (points) 108.10 107 108 109 109 111
Core Inflation Rate (%) 4.60 3.7 3.4 3.1 2.4 1.9
GDP Deflator (points) 102.18 102 106 106 107 110
Producer Prices (points) 87.20 89.05 85.13 85.34 86.92 85.93
Producer Prices Change (%) 7.30 8.6 2.2 2.2 1.3 0.7
CPI Housing Utilities (points) 137.00 122 126 129 137 133
CPI Transportation (points) 121.90 122 123 123 124 124
Food Inflation (%) 4.40 1.6 1.4 1.7 1.5 1.7

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 0.00 0 0.75 1.25 1.5 1.75
Interbank Rate (%) -0.34 -0.34 0.41 0.91 1.16 1.16
Loans to Private Sector (EUR Million) 31990.00 38561 38002 36840 32468 37577
Private Debt to GDP (%) 322.50 394 394 394 394 386

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (EUR Thousand) 6426995.00 4600000 7100000 3000000 3000000 3000000
Current Account (EUR Million) 17360.00 17800 20900 14600 14600 9800
Current Account to GDP (% of GDP) 4.60 4.2 4.2 4.2 4.2 4
Imports (EUR Thousand) 11253414.00 10200000 8100000 10600000 10600000 11200000
Exports (EUR Thousand) 17680410.00 14800000 15200000 13600000 13600000 14200000
Foreign Direct Investment (EUR Million) 47.00 6200 8600 7200 7200 7200

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 56.00 50.8 50.8 50.8 46 46
Government Budget (% of GDP) -0.10 -3.2 -3.2 -3.2 -3.2 -2
Government Budget Value (EUR Million) 3541.00 200 -2100 -1660 -1660 -900
Government Spending (EUR Million) 10488.00 10999 10976 10946 10834 11165
Government Spending to GDP (% of GDP) 28.40 26 26 26 26 25
Government Revenues (EUR Million) 31119.00 30400 28900 30400 30400 33700
Fiscal Expenditure (EUR Million) 27668.00 30200 31000 32060 32060 34600

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5
Personal Income Tax Rate (%) 48.00 48 48 48 48 48
Sales Tax Rate (%) 23.00 23 23 23 23 23
Social Security Rate (%) 15.05 14.75 15.05 15.05 15.05 15.05
Social Security Rate For Companies (%) 11.05 10.75 11.05 11.05 11.05 11.05
Social Security Rate For Employees (%) 4.00 4 4 4 4 4

Business Actual Q2 Q3 Q4 Q1 2023
Business Confidence (points) 17.00 22 17 21 21 19
Manufacturing PMI (points) 56.40 54 54.2 53.8 53.8 53.6
Services PMI (points) 60.20 54 54.6 54 54 53.4
Industrial Production (%) -28.70 1.5 2.3 6.5 6.5 6.5
Industrial Production Mom (%) -9.60 1.4 1.6 0.6 0.6 0.4
Manufacturing Production (%) -31.60 1.9 2.6 6.9 6.9 6.9
Car Registrations 7120.00 5600 6670 1680 1680 2020

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 57.70 53.7 91 95 98 101
Retail Sales MoM (%) 3.80 0.6 0.4 0.6 0.3 0.3
Retail Sales YoY (%) 6.10 4.6 4.3 3.6 2.9 3.6
Consumer Spending (EUR Million) 26890.00 28216 28600 28111 27777 28673
Disposable Personal Income (EUR Million) 286059.00 303795 300648 296357 295499 302284
Personal Savings (%) 14.90 13 11.5 10.6 10.6 10.6
Bank Lending Rate (%) 0.90 0.9 1.65 2.15 2.4 2.4
Households Debt To GDP (% of GDP) 31.30 41 41 41 41 36
Households Debt To Income (%) 107.03 124 124 124 124 120
Consumer Credit (EUR Million) 11666.00 12018 12098 12000 11988 12240
Gasoline Prices (USD/Liter) 1.91 1.98 2.05 2.12 2.2 2.2

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (points) 160.20 148 150 149 149 154
Home Ownership Rate (%) 70.30 67.5 67.5 67.5 67.5 67
New Home Sales (Units) 630.00 560 660 1010 1010 990
Building Permits 2430.00 1500 2670 2400 2400 2450
Construction Output (%) 23.00 -16 -4.6 -4.6 -4.6 5.2
Construction PMI (points) 51.50 54.5 55.1 55 55 54
Existing Home Sales (Units) 3288.00 3200 2740 3890 3890 3900


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Ireland Forecast - was last updated on Saturday, June 25, 2022.