Ireland GDP Growth Rate 2000-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Ireland expanded 0.20 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Ireland averaged 0.64 percent from 2000 until 2014, reaching an all time high of 5.50 percent in the first quarter of 2007 and a record low of -4.30 percent in the fourth quarter of 2008. GDP Growth Rate in Ireland is reported by the Central Statistics Office Ireland.

      Forecast    
Ireland GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.40 5.50 -4.30 2000 - 2014 percent Quarterly
Ireland has a modern, business-friendly economy. The country is dependent on foreign direct investment from major high-tech manufacturers such as Intel, Google and Pfizer. As a result, Ireland is one of the world’s biggest exporters of pharmaceuticals and software. From 1995 to 2007, GDP growth averaged 6 percent, which earned the country the nickname of Celtic Tiger. However, as a result of a crash in real estate market, economic activity dropped sharply in 2008 and the country entered into a recession for the first time in more than a decade and it’s struggling to recover since. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Ireland GDP Growth Rate - was last refreshed on Sunday, April 19, 2015.


Irish GDP Growth Below Expectations in Q4


The Irish economy expanded 0.2 percent on quarter in the last three months of 2014, down from upwardly revised 0.4 percent growth in the previous three month period as gains in exports were erased by increase in imports.

On the expenditure side, net exports declined by €1,667m (-15.7 percent), largely driven by higher imports (5.4 percent). Personal consumption expenditure grew 1.3 percent while capital investment increased by 0.7 percent.

On the production side, agriculture grew the most by 4.8 percent. Increases were also recorded in other services (1.0 percent) and industry (0.5 percent). Distribution, transport, software and communication declined by 1.4 percent and public administration and defence decreased by 1.1 percent.

Year-on-year, the economy advanced 4.1 percent, the same pace as in the previous quarter, bringing full year growth to 4.8 percent. During 2014, import growth (13.2 percent) was stronger than exports (12.6 percent). Capital formation rose strongly by 11.3 percent and personal consumption, which accounts for approximately 60 percent of domestic demand, increased by 1.1 percent. The government expenditure was little changed (0.1 percent). 

CSO | Joana Taborda | joana.taborda@tradingeconomics.com
3/12/2015 11:57:04 AM


Recent Releases

Irish Economy Slows Sharply in Q3
The Irish GDP grew a meager 0.1 percent on quarter in the three months to September, following a downwardly revised 1.1 percent expansion in the previous period. The economy slowed for the second straight quarter as investment fell, private consumption was flat and net external demand came negative. Published on 2014-12-11

Irish GDP Advances 1.5% in Q2
The Irish economy expanded 1.5 percent on a quarter-on-quarter seasonally adjusted basis in the three months to June of 2014, slowing from a revised 2.8 percent expansion in the first quarter. Capital investment and exports were the main drivers of growth. Published on 2014-09-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-18 11:00 AM
GDP Growth Rate QoQ  Q2
1.5% 2.8% (R) 0.59%
2014-12-11 11:00 AM
GDP Growth Rate QoQ  Q3
0.10% 1.1% (R)
2015-03-12 11:00 AM
GDP Growth Rate QoQ  Q4
0.2% 0.4% (R) 1% 0.97%
2015-07-03 11:00 AM
GDP Growth Rate QoQ  Q1
0.2% 1.28%
2015-09-18 11:00 AM
GDP Growth Rate QoQ  Q2
1.04%
2015-12-11 11:00 AM
GDP Growth Rate QoQ  Q3
0.8%


Ireland GDP Last Previous Highest Lowest Unit
GDP 217.82 210.00 262.00 1.90 USD Billion [+]
GDP Growth Rate 0.20 0.40 5.50 -4.30 percent [+]
GDP Annual Growth Rate 4.10 4.10 14.60 -10.00 percent [+]
GDP Constant Prices 45619.00 45526.00 47251.00 24009.00 EUR Million [+]
Gross National Product 39336.00 38461.00 40499.00 21446.00 EUR Million [+]
GDP per capita 45119.27 45355.77 51001.54 11629.11 USD [+]
Gross Fixed Capital Formation 7604.00 7549.00 12003.00 4861.00 EUR Million [+]
GDP per capita PPP 42694.81 42918.61 48261.00 20993.35 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.83 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.60 Nov/14 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]