Ireland GDP Annual Growth Rate2022 Data - 2023 Forecast - 1996-2021 Historical

Name: Ireland GDP Annual Growth Rate
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Keywords: Ireland,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Ireland’s gross domestic product expanded by 11 percent year-on-year in the first quarter of 2022, accelerating from a 9.6 percent growth in Q4. source: Central Statistics Office Ireland

GDP Annual Growth Rate in Ireland averaged 6.08 percent from 1996 until 2022, 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 June of 2022.

GDP Annual Growth Rate in Ireland is expected to be 6.20 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 2.00 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	10.80	-6.20	percent	Mar 2022
GDP Annual Growth Rate	11.00	9.60	percent	Mar 2022
GDP Constant Prices	115482.00	104408.00	EUR Million	Mar 2022
Gross National Product	80810.00	81102.00	EUR Million	Mar 2022
Gross Fixed Capital Formation	20500.00	34066.00	EUR Million	Mar 2022
GDP From Public Administration	9175.00	9329.00	EUR Million	Mar 2022
GDP From Manufacturing	48814.00	42971.00	EUR Million	Mar 2022
GDP From Construction	1924.00	2037.00	EUR Million	Mar 2022
GDP From Agriculture	804.00	753.00	EUR Million	Mar 2022
GDP From Transport	9536.00	8518.00	EUR Million	Mar 2022
GDP From Services	20231.00	20385.00	EUR Million	Dec 2016

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.