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

The Gross Domestic Product (GDP) in Ireland expanded 1.40 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Ireland averaged 0.72 percent from 2000 until 2015, 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.

Ireland GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.20 5.50 -4.30 2000 - 2015 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 Saturday, August 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-12-11 11:00 AM Q3 0.10% 1.1% (R)
2015-03-12 11:00 AM Q4 0.2% 0.4% (R) 1% 0.97%
2015-07-30 11:00 AM Q1 1.4% 1.2% (R) 0.5%
2015-09-18 11:00 AM Q2 1.4% 0.02%
2015-12-11 11:00 AM Q3 -0.06%


Irish GDP Expands 1.4% in Q1


The Irish economy advanced 1.4 percent on quarter in the first three months of 2015, from an upwardly revised 1.2 percent expansion in the previous quarter boosted by stronger exports and consumption.

On the expenditure side, net exports expanded by €991m, largely driven by higher exports (+2.3 percent) which were enough to offset the 0.6 percent rise in imports. Also, personal consumption rose by 1.2 percent, while government expenditure decreased by 0.4 percent and capital formation declined 3.1 percent.

On the production side, the distribution, transport, software and communications sector increased by 2.1 per cent and the other services sector by 0.3 per cent. There was an overall increase of 0.5 per cent in industry, within which building and construction recorded a 3.2 per cent increase in real terms. Public administration and defence recorded a decrease of 0.5 per cent. Meanwhile, the agriculture, forestry and fishing sector contracted by 30 percent.

Year-on-year, the economy advanced 6.5 percent, compared to an upwardly revised 6 percent in Q4, as capital investment, public spending and personal expenditure rose by 4 percent, 5.9 percent and 3.8 percent, respectively. Also, net exports were €937m higher. On the output side of the accounts, industry sector (including building and construction) increased by 9 percent; distribution, transport, software and communication by 6.5 percent; agriculture, forestry and fishing by 5.9 percent; and other services by 4.4 percent. The only decrease recorded was for public administration and defence (-5.5 percent).

CSO | joana.ferreira@tradingeconomics.com
7/30/2015 11:46:27 AM


Recent Releases

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.
Published on 2015-03-12

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

Irish GDP Growth Beats Expectations
The Irish economy expanded 2.7 percent quarter-on-quarter in the first three months of 2014, up from a revised 0.1 percent contraction in the previous period. It is the highest growth rate in five quarters, driven by exports.
Published on 2014-07-03


Ireland GDP Last Previous Highest Lowest Unit
GDP 245.92 232.08 273.72 1.94 USD Billion [+]
GDP Growth Rate 1.40 1.20 5.50 -4.30 percent [+]
GDP Annual Growth Rate 6.50 6.00 14.60 -9.20 percent [+]
GDP Constant Prices 48849.00 48191.00 48849.00 23067.00 EUR Million [+]
Gross National Product 41803.00 42124.00 42124.00 21446.00 EUR Million [+]
GDP per capita 49360.56 47250.89 52924.82 12465.83 USD [+]
Gross Fixed Capital Formation 9207.00 9506.00 12007.00 4861.00 EUR Million [+]
GDP per capita PPP 46633.19 44640.08 50000.51 22467.71 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 2.30 Jun/15 -0.20 16.90 -10.00 percent [+]