Ireland GDP Growth Rate
The Gross Domestic Product (GDP) in Ireland expanded 2.70 percent in the first 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 -3.50 Percent in the fourth quarter of 2008. GDP Growth Rate in Ireland is reported by the Central Statistics Office Ireland.
||2000 - 2014
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.