Ireland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 1 1.5 0.8 0.9 0.9 percent [+]
Unemployment Rate 7.30 7.3 7 6.8 6.5 5.9 percent [+]
Inflation Rate -0.10 0.4 0.6 0.8 1 1.8 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 3769800.00 3300000 3800000 4400000 3500000 2100000 EUR Thousand [+]
Government Debt to GDP 93.80 93 93 93 71.96 77.3 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.06 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 6395.98 6180 6120 6050 5990 4990 points [+]
Government Bond 10Y 0.90 0.97 0.98 0.99 1 1.15 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 1 1.5 0.8 0.9 0.9 percent [+]
GDP Annual Growth Rate 4.10 4.2 4 3.9 3.7 2.8 percent [+]
GDP 238.02 250 256 260 240 284 USD Billion [+]
GDP Constant Prices 62304.00 61800 62400 62800 63100 79600 EUR Million [+]
Gross National Product 51587.00 51400 51700 52100 53508 55400 EUR Million [+]
Gross Fixed Capital Formation 15983.00 12100 12500 12800 13794 16300 EUR Million [+]
GDP per capita 56053.73 56700 56900 57100 61517 60500 USD [+]
GDP per capita PPP 51899.20 52500 52700 52900 57561 56800 USD [+]
GDP From Agriculture 1197.00 1290 1320 1360 1194 1510 EUR Million [+]
GDP From Construction 1583.00 1500 1520 1530 1713 1750 EUR Million [+]
GDP From Manufacturing 21111.00 21730 21660 21840 21950 23920 EUR Million [+]
GDP From Public Administration 2002.00 2010 2050 2120 2040 3820 EUR Million [+]
Gdp From Services 20133.00 20490 20700 20900 21150 24580 EUR Million [+]
GDP From Transport 13360.00 13200 13400 13600 13841 15800 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.30 7.3 7 6.8 6.5 5.9 percent [+]
Employed Persons 2027.10 2025 2028 2034 2065 2126 Thousand [+]
Unemployed Persons 177.70 176 172 173 172 165 Thousand [+]
Unemployment Change -9271.00 2652 -12632 5640 -7855 -1040 Persons [+]
Part Time Employment 460.90 461 463 464 463 498 Thousand [+]
Full Time Employment 1565.40 1542 1546 1549 1603 1625 Thousand [+]
Labor Force Participation Rate 60.30 60.7 60.9 60.8 60.42 64 percent [+]
Long Term Unemployment Rate 4.40 4.8 4.8 4.8 4.5 3.7 percent [+]
Youth Unemployment Rate 15.50 17.2 17.1 16.9 13.81 14.1 percent [+]
Labour Costs 86.50 94 96 99 101 111 Index Points [+]
Minimum Wages 1546.35 1550 1550 1550 1546 1550 EUR/Month [+]
Wages in Manufacturing 819.49 849 859 829 815 872 EUR/Week [+]
Population 4.63 4.67 4.69 4.71 4.66 4.91 Million [+]
Retirement Age Women 66.00 66 66 66 66 66 [+]
Retirement Age Men 66.00 66 66 66 66 66 [+]
Employment Change 1.10 0.5 0.6 0.8 0.97 0.4 percent [+]
Employment Rate 65.40 64.2 64.4 64.6 66.63 68 percent [+]
Productivity 131.70 116 117 118 134 128 Index Points [+]
Initial Jobless Claims 37013.00 44700 43300 42000 37360 38900 Persons [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.10 0.4 0.6 0.8 1 1.8 percent [+]
Inflation Rate Mom -0.10 0.4 0.5 0.4 -0.15 0.6 percent [+]
Harmonised Consumer Prices 99.50 -0.1 105 106 99.13 121 Index Points [+]
Consumer Price Index CPI 101.20 104 104 105 100 123 Index Points [+]
Core Consumer Prices 103.60 107 108 109 103 123 Index Points [+]
Core Inflation Rate 0.30 1.4 1.5 1.7 -0.04 1.9 percent [+]
GDP Deflator 100.64 107 109 111 98.57 129 Index Points [+]
Producer Prices 105.60 113 114 115 106 133 Index Points [+]
Export Prices 102.20 102 106 105 104 114 Index Points [+]
Import Prices 96.60 104 103 103 102 111 Index Points [+]
Food Inflation -2.40 0.5 0.7 0.9 -2.8 2.3 percent [+]
Cpi Transportation 94.80 101 102 103 95.24 118 Index Points [+]
Producer Prices Change 0.10 0.4 1.1 1.4 0.36 2.6 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.31 -0.15 0.05 0.15 -0.29 2 percent [+]
Money Supply M1 141891.00 144000 148000 152000 151301 201000 EUR Million [+]
Money Supply M2 191375.00 198000 202000 206000 191080 290000 EUR Million [+]
Money Supply M3 211987.00 227000 234000 238000 219264 342000 EUR Million [+]
Foreign Exchange Reserves 3252.00 3260 3460 3460 3312 4880 EUR Million [+]
Loans to Private Sector 43878.00 55000 59000 64000 40399 102200 EUR Million [+]
Central Bank Balance Sheet 85636.00 84200 86100 89500 87638 115700 EUR Million [+]
Private Debt to GDP 421.94 415 420 424 428 446 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 3769800.00 3300000 3800000 4400000 3500000 2100000 EUR Thousand [+]
Exports 9876400.00 9800000 9100000 9600000 9400000 8700000 EUR Thousand [+]
Imports 6106600.00 6500000 5300000 5200000 5900000 6600000 EUR Thousand [+]
Current Account 4643.00 8925 9693 12085 13830 2560 EUR Million [+]
Current Account to GDP 4.90 4.4 3.7 3.7 4.45 2.6 percent [+]
External Debt 2100838.00 2240000 2280000 2320000 2090823 2740000 EUR Million [+]
Terms of Trade 105.80 98.2 100 103 102 111 Index Points [+]
Capital Flows -4282.00 -5720 3260 -7560 -6635 -2100 EUR Million [+]
Tourist Arrivals 3061.50 3650 3320 4290 2230 3800 Thousand [+]
Gold Reserves 6.00 6 6 6 6 6 Tonnes [+]
Foreign Direct Investment -17020.00 17652 20756 33347 21680 25106 EUR Million [+]
Terrorism Index 3.43 3.66 3.66 3.66 4.25 3.66 [+]
Weapons Sales 13.00 14.73 15.44 16.16 19.53 20.52 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 93.80 93 93 93 71.96 77.3 percent [+]
Government Budget -2.30 -1.3 -0.9 -0.9 -2.73 0.8 percent of GDP [+]
Government Budget Value 293.00 -500 -1400 -100 -100 500 EUR Million [+]
Government Spending 7012.00 7090 7190 7270 7253 7980 EUR Million [+]
Government Spending to GDP 35.10 34.8 34.7 34.2 36.48 35.6 percent [+]
Government Revenues 12879.00 17600 12800 13700 13400 19200 EUR Million [+]
Government Debt 200106.00 187000 185000 182000 199297 169000 EUR Million [+]
Fiscal Expenditure 11761.00 18100 14200 13800 13300 18700 EUR Million [+]
Asylum Applications 195.00 309 250 185 205 487 persons [+]
Military Expenditure 1188.10 1177 1178 1180 1179 1174 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 23.00 29 25 20 27 59 [+]
Manufacturing PMI 53.70 52.6 53 53.4 53.03 52.9 [+]
Services PMI 56.00 58.4 57.6 58.1 56.43 53.8 Index Points [+]
Industrial Production -6.40 6.9 5.5 5.1 -24.55 2.5 percent [+]
Industrial Production Mom -3.60 2.2 1.8 2 1.07 0.8 percent [+]
Manufacturing Production -1.10 9.8 6.8 6.2 13.33 2.1 percent [+]
New Orders 93.40 97.83 97.83 97.83 97.83 97.83 Index Points [+]
Changes in Inventories 780.00 152 436 652 428 433 EUR Million [+]
Car Registrations 4056.00 980 19800 4560 9509 1180 Cars [+]
Competitiveness Index 5.18 5.11 5.15 5.15 5.09 5.11 Points [+]
Competitiveness Rank 23.00 24 23 23 23 20 [+]
Ease of Doing Business 18.00 17 16 16 15.48 13 [+]
Electricity Production 2342.00 2690 2540 2050 2361 2600 Gigawatt-hour [+]
Corruption Index 75.00 75 76 76 74.14 79 Points [+]
Corruption Rank 18.00 18 17 17 20.92 14 [+]
Mining Production -5.10 -12.2 -5.7 -2.4 4.38 2.6 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 97.80 100 102 102 103 103 [+]
Retail Sales MoM -0.30 1.2 1.5 0.8 0.42 0.5 percent [+]
Retail Sales YoY 4.10 5.8 5.6 5.4 4.05 2.7 percent [+]
Consumer Spending 23285.00 24100 24300 24700 23869 28900 EUR Million [+]
Disposable Personal Income 195169.00 203000 205000 207000 248562 244000 EUR Million [+]
Personal Savings 13.89 2.5 14.2 14.9 12.4 -2.9 percent [+]
Private Sector Credit 184874.00 202000 207000 213000 177727 277000 EUR Million [+]
Bank Lending Rate 1.00 0.8 0.7 0.8 2.62 1.7 percent [+]
Gasoline Prices 1.37 1.38 1.41 1.45 1.32 1.57 USD/Liter [+]
Households Debt To Gdp 57.80 51.47 49.85 48.48 47.1 44.21 percent of GDP [+]
Households Debt To Income 153.01 133 129 125 121 137 percent [+]
Consumer Credit 12041.00 12500 12900 13200 13400 19700 EUR Million [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 87.70 94 96 98 93.67 115 Index Points [+]
Building Permits 1203.00 1100 2000 1010 1349 2120 [+]
Construction Output 19.40 2.8 6.2 5.1 25.44 3.4 percent [+]
Construction Pmi 62.30 55.1 54.2 56.5 60.86 52.9 [+]
Existing Home Sales 3173.00 3006 2921 2949 2962 2956 dwelling purchases [+]
Home Ownership Rate 68.60 68.6 68.6 68.6 67.38 68.6 percent [+]
New Home Sales 209.00 219 218 218 218 218 dwelling purchases [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 12.50 12.5 12.5 12.5 12.5 12.5 percent [+]
Personal Income Tax Rate 48.00 48 48 48 48 48 percent [+]
Sales Tax Rate 23.00 23 23 23 23 23 percent [+]
Social Security Rate 14.75 14.8 14.8 14.8 14.75 14.8 percent [+]
Social Security Rate For Companies 10.75 10.8 10.8 10.8 10.75 10.8 percent [+]
Social Security Rate For Employees 4.00 4 4 4 4 4 percent [+]





Economic Forecasts for Ireland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ireland economy. 12/9/2016