Ireland GDP Growth Rate

Name: Ireland GDP Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Ireland,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Ireland’s gross domestic product fell by 2% quarter-on-quarter in the first quarter of 2026, following a 3.8% decline in the previous quarter, according to preliminary estimates. This marks the second consecutive quarter of economic contraction, driven largely by a downturn in the multinational-dominated industrial sector. On an annual basis, the economy plunged by 6% in Q1, reaching its lowest level since Q4 2023 and reversing a 2.2% gain in the preceding quarter. source: Central Statistics Office Ireland

The Gross Domestic Product (GDP) in Ireland contracted 2 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Ireland averaged 1.42 percent from 1995 until 2026, reaching an all time high of 22.80 percent in the first quarter of 2015 and a record low of -4.80 percent in the fourth quarter of 2008. 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 May of 2026.

The Gross Domestic Product (GDP) in Ireland contracted 2 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Ireland is expected to be 0.70 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 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP Growth Rate YoY	-6.00	2.20	percent	Mar 2026
GDP Constant Prices	146732.00	152577.00	EUR Million	Dec 2025
GDP from Agriculture	1212.00	1167.00	EUR Million	Dec 2025
GDP from Construction	3617.00	3728.00	EUR Million	Dec 2025
GDP from Manufacturing	49420.00	51154.00	EUR Million	Dec 2025
GDP from Public Administration	12183.00	12171.00	EUR Million	Dec 2025
GDP from Transport	13609.00	13116.00	EUR Million	Dec 2025
GDP Growth Rate	-2.00	-3.80	percent	Mar 2026
Gross Fixed Capital Formation	30096.00	31535.00	EUR Million	Dec 2025
GNP	109663.00	105925.00	EUR Million	Dec 2025

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.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-2.00	-3.80	22.80	-4.80	1995 - 2026	percent	Quarterly	SA

Compare: GDP Growth Rate by Country

News Stream

Irish GDP Contracts 2% in Q1

Ireland’s gross domestic product fell by 2% quarter-on-quarter in the first quarter of 2026, following a 3.8% decline in the previous quarter, according to preliminary estimates. This marks the second consecutive quarter of economic contraction, driven largely by a downturn in the multinational-dominated industrial sector. On an annual basis, the economy plunged by 6% in Q1, reaching its lowest level since Q4 2023 and reversing a 2.2% gain in the preceding quarter.

2026-04-29

Ireland GDP Shrinks at Fastest Pace Since 2020

Ireland’s GDP fell by 3.8% quarter-on-quarter in the final quarter of 2025, worse than the initial estimate of a 0.6% drop, after showing no growth in the previous period. This marked the sharpest contraction since the second quarter of 2020, weighed down by a 2.6% drop in the multinational-dominated sector, led by industry excluding construction, which fell 3.6%. On the expenditure side, growth in household consumption picked up (0.9% vs 0.4% in Q3) but slowed in government spending (0.3% vs 1.5%). Fixed investments declined by 4.6%, reversing a 13.4% increase in the third quarter. In trade, exports dropped (-3.4% vs 2.4%) more than imports (-1.3% vs 10.4%), resulting in a 9.0% fall in net exports. On a yearly basis, GDP rose by 2.2%, slowing sharply from an upwardly revised 11.2% increase in the prior quarter and marking the weakest pace of growth since a contraction in the second quarter of 2024. In 2025, Ireland’s economy expanded by 12.3%, accelerating from a 2.6% growth in 2024.

2026-03-05

Irish GDP Contracted 0.6% in Q4

Ireland’s gross domestic product fell by 0.6% quarter-on-quarter in the three months to December 2025, following a 0.3% decline in the previous quarter, according to preliminary estimates. This marks the second consecutive period of economic contraction, largely driven by a downturn in the multinational-dominated industrial sector. On an annual basis, the economy expanded by 3.7%, a significant slowdown from the 10.8% growth recorded in the previous quarter, and the weakest annual increase since the economic contraction in the second quarter of 2024.

2026-01-29