Ireland GDP Growth Rate 2000-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Ireland expanded 0.10 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in Ireland averaged 0.65 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
0.10 1.10 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 Friday, December 19, 2014.


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.

On the expenditure side, capital investment decreased by 0.8 percent between Q2 2014 and Q3 2014 and net exports made a small negative contribution of € 55m. Government expenditure decreased by 0.9 percent quarter on quarter while personal consumption was unchanged.

On the production side, other services increased by 1.7 percent and building and construction increased by 3 percent between Q2 2014 and Q3 2014. Distribution, transport, software and communication decreased by 0.2 percent and industry (excluding building and construction) decreased by 0.9 percent. Public administration and defence also decreased by 5.6 percent.

Year-on-year, the economy advanced 3.5 percent in Q3 2014. 

CSO | Joana Taborda | joana.taborda@tradingeconomics.com
12/11/2014 11:39:11 AM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-07-03 11:00 AM
GDP Growth Rate QoQ  Q1
2.7% -0.1% (R) 0.8% 0.69%
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)
2015-03-13 11:00 AM
GDP Growth Rate QoQ  Q4
0.97%
2015-07-03 11:00 AM
GDP Growth Rate QoQ  Q1
1.28%
2015-09-18 11:00 AM
GDP Growth Rate QoQ  Q2
1.04%


Ireland GDP Last Previous Highest Lowest Unit
GDP 217.82 210.00 262.00 1.90 USD Billion [+]
GDP Growth Rate 0.10 1.10 5.50 -4.30 percent [+]
GDP Annual Growth Rate 3.50 7.30 14.60 -10.00 percent [+]
GDP Constant Prices 45446.00 45410.00 45446.00 22482.00 EUR Million [+]
Gross National Product 38100.00 37921.00 40136.00 21492.00 EUR Million [+]
GDP per capita 45119.27 45355.77 51001.54 11629.11 USD [+]
Gross Fixed Capital Formation 7210.00 7267.00 10055.00 3758.00 EUR Million [+]
GDP per capita PPP 42694.81 42918.61 48261.00 20993.35 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]