Ireland’s gross domestic product expanded 0.9 percent on quarter in the three months to September of 2021, easing from a downwardly revised 5.2 percent expansion in Q2. Household consumption edged up 0.5 percent, slowing sharply from a 14.5 percent surge in the previous period and gross domestic fixed capital declined 3.8 percent, after a 4.8 percent rise while government expenditure rose further (0.8 percent vs 0.5 percent). Also, net foreign demand contributed negatively to growth, as imports jumped 4.5 percent while exports increased at a softer 1.3 percent. On a yearly basis, the economy expanded 11.4 percent, following a 21.1 percent gain in Q2. source: Central Statistics Office Ireland

GDP Growth Rate in Ireland averaged 1.50 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 -4.70 percent in the fourth quarter of 2020. 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 December of 2021.

GDP Growth Rate in Ireland is expected to be 1.00 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 0.70 percent in 2022 and 0.60 percent in 2023, according to our econometric models.

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Ireland GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-02 10:00 AM Q2 6.3% 8.7% 2.1%
2021-12-03 11:00 AM Q3 0.9% 5.2% 4.4%
2022-03-04 11:00 AM Q4 0.9%


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 110258.00 109378.00 EUR Million Sep/21
Gross National Product 82704.00 78729.00 EUR Million Sep/21
Gross Fixed Capital Formation 18733.00 19546.00 EUR Million Sep/21
GDP From Public Administration 9121.00 9094.00 EUR Million Sep/21
GDP From Manufacturing 48707.00 44399.00 EUR Million Sep/21
GDP From Construction 1844.00 1795.00 EUR Million Sep/21
GDP From Agriculture 936.00 736.00 EUR Million Sep/21
GDP From Transport 8297.00 7653.00 EUR Million Sep/21
GDP From Services 20231.00 20385.00 EUR Million Dec/16

News Stream
Irish GDP Growth Slows Sharply in Q3
Ireland’s gross domestic product expanded 0.9 percent on quarter in the three months to September of 2021, easing from a downwardly revised 5.2 percent expansion in Q2. Household consumption edged up 0.5 percent, slowing sharply from a 14.5 percent surge in the previous period and gross domestic fixed capital declined 3.8 percent, after a 4.8 percent rise while government expenditure rose further (0.8 percent vs 0.5 percent). Also, net foreign demand contributed negatively to growth, as imports jumped 4.5 percent while exports increased at a softer 1.3 percent. On a yearly basis, the economy expanded 11.4 percent, following a 21.1 percent gain in Q2.
2021-12-03
Irish GDP Growth Slows to 6.3% in Q2
Ireland's economy grew by 6.3 percent from the previous period in the second quarter of 2021, easing from an upwardly revised 8.7 percent expansion in Q1. Household consumption expanded 12.6 percent (vs -5.7 in Q1) and fixed investment advanced 5.8 percent (vs -25.7 percent). Also, foreign demand contributed to growth, as exports surged 6.4 percent (vs 2.6 percent) while imports rose at a softer 5.4 percent (vs -15.3 percent). On a yearly basis, the economy expanded 21.6 percent, following an 11.2 percent gain in Q1.
2021-09-02
Irish Economy Rebounds Sharply in Q1
Ireland's economy grew by percent from the previous period in the first quarter of 2021, rebounding from a downwardly revised 4.4 percent contraction in September-December. Government expenditure accelerated (1.1 percent vs 0.1 percent in Q4) and net foreign demand contributed positively to growth, as exports jumped 5.8 percent (vs 4.8 percent) while imports slumped 8.9 percent (vs 23.9 percent). On the other hand, household consumption declined faster (-5.1 percent vs -2.4 percent) and gross fixed capital formation tumbled (-19.5 percent vs 28.1 percent). On a yearly basis, the economy expanded 11.8 percent, following a 1.5 percent advance in Q4.
2021-06-04

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.