The Gross Domestic Product (GDP) in Ireland expanded 8.10 percent in the third quarter of 2020 over the same quarter of the previous year. source: Central Statistics Office Ireland

GDP Annual Growth Rate in Ireland averaged 5.68 percent from 1996 until 2020, 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 February of 2021.

GDP Annual Growth Rate in Ireland is expected to be 2.60 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 2.50 in 12 months time. In the long-term, the Ireland GDP Annual Growth Rate is projected to trend around 1.80 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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Ireland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.10 -3.20 29.10 -10.20 1996 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-05 10:00 AM YoY Q1 4.6% 6.2% 2.5%
2020-07-20 10:00 AM YoY Final Q1 5.1% 5.9% 4.6%
2020-09-07 10:00 AM YoY Q2 -3% 5.7% -12%
2020-12-04 11:00 AM YoY Q3 8.1% -3.2% -1.2%
2021-03-05 11:00 AM YoY Q4 8.1%
2021-06-04 10:00 AM YoY Q1
2021-09-07 10:00 AM YoY Q2
2021-12-17 11:00 AM YoY Q3

Ireland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 11.10 -3.20 23.20 -4.80 percent [+]
GDP Annual Growth Rate 8.10 -3.20 29.10 -10.20 percent [+]
GDP 388.70 382.67 388.70 1.94 USD Billion [+]
GDP Constant Prices 93649.00 84328.00 93649.00 23300.00 EUR Million [+]
Gross National Product 63580.00 64840.00 70129.00 21586.00 EUR Million [+]
Gross Fixed Capital Formation 18550.00 17776.00 61712.00 4264.00 EUR Million [+]
GDP per capita 79703.40 76662.70 79703.40 12745.40 USD [+]
GDP per capita PPP 86781.40 83470.60 86781.40 26474.30 USD [+]
GDP From Agriculture 969.00 923.00 1054.00 369.00 EUR Million [+]
GDP From Construction 1852.00 1207.00 2776.00 1062.00 EUR Million [+]
GDP From Manufacturing 34487.00 32961.00 34487.00 5813.00 EUR Million [+]
GDP From Public Administration 8397.00 8350.00 8562.00 4549.00 EUR Million [+]
GDP From Transport 8257.00 5621.00 9321.00 4678.00 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.