Ireland GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ireland contracted 0.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Ireland is reported by the Central Statistics Office Ireland. GDP Annual Growth Rate in Ireland averaged 3.44 Percent from 1998 until 2013, reaching an all time high of 14.60 Percent in the fourth quarter of 1999 and a record low of -7.40 Percent in the fourth quarter of 2008. In Ireland, services are the biggest sector of the economy and account for 73 percent of total GDP. Within services, the most important segments are: distribution and transport (15 percent); software and communication (9 percent); public administration and defence (5 percent). Industry contributes 25 percent to total output. Chemicals and pharmaceuticals (11 percent); computers and instrument engineering (2 percent) and medical instruments and supplies (2 percent) are the most important industry segments. Agriculture accounts for the remaining 2 percent. This page provides - Ireland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.70 2.70 14.60 -7.40 1.84 | 2014/03 1998 - 2013 Percent Quarterly

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Ireland GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-27 11:00 AM Ireland
GDP Growth Rate YoY
Q1 2013 -0.9% -1.0% (R) 0.02%
2013-09-19 11:00 AM Ireland
GDP Growth Rate YoY
Q2 2013 -1.2% -1.0% (R) -0.96%
2013-12-19 11:00 AM Ireland
GDP Growth Rate YoY
Q3 2013 1.7% -1.6% (R) -1.77%
2014-03-13 11:00 AM Ireland
GDP Growth Rate YoY
Q4 2013 -0.7% 2.7% (R) 0.8%
2014-06-13 11:00 AM Ireland
GDP Growth Rate YoY
Q1 2014 -0.7% 1.84%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate -2.30 2013-12-31 2.10 5.50 -3.60 0.48 2014-03-31 Percent [+]
GDP Annual Growth Rate -0.70 2013-12-31 2.70 14.60 -7.40 1.84 2014-03-31 Percent [+]
GDP Constant Prices 40375.00 2013-11-15 41336.00 44647.00 22482.00 41331.63 2014-06-30 EUR Million [+]
Gross Fixed Capital Formation 4894.00 2013-11-15 4747.00 10055.00 3758.00 5093.75 2014-03-31 EUR Million [+]
Gross National Product 34786.00 2013-11-15 34726.00 36186.00 18816.00 35181.86 2014-03-31 EUR Million [+]
GDP per capita 46175.52 2012-12-31 45866.91 51721.35 5046.75 46240.57 2014-06-30 USD [+]
GDP per capita PPP 36754.52 2012-12-31 36508.88 41168.86 6180.68 36823.77 2014-06-30 USD [+]
GDP 210.00 2012-12-31 221.00 262.00 1.90 194.70 2014-06-30 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Irish Trade Surplus Widens in February  
Preliminary figures for February of 2014 indicate an increase in seasonally adjusted exports of € 57 million (+1 percent) to €7,232 million from January 2014. Coupled with a decrease in seasonally adjusted imports of € 69 million (-2 percent) to € 4,022 million, the seasonally adjusted trade surplus increased by € 127 million (+4 percent) to € 3,210 million.
Irish Inflation Rate Rises in March  
Irish annual consumer prices rose 0.2 percent in March of 2014, following a 0.1 percent fall in February, mainly due to higher cost of services.
Irish Unemployment Rate Down To 5-Year Low in March  
Ireland’ seasonally adjusted jobless rate fell for the third consecutive month in March of 2014 to 11.8 percent, down from 11.9 percent in the previous month, and 13.7 percent a year earlier.
Ireland Posts € 3 Billion Trade Surplus in January  
Irish trade balance widened 10.13 percent over a year earlier to € 3.09 billion in the first month of 2014. Compared with December of 2013, the trade surplus narrowed 9.1 percent.
Ireland Inflation Rate Falls to 3-1/2-Year Low  
Irish annual inflation rate dropped to -0.1 percent in February of 2014, from 0.2 percent in the previous month. It is the first time since July of 2010 the inflation rate enters in negative territory.
Irish Economic Growth Disappoints in Q4  
Irish GDP contracted by a shocking 2.3 percent in the last quarter of 2013 from the previous three months, hurt by a surge in imports and a fall in consumer spending. Initial estimates showed the economy shrank by 0.3 percent in 2013.
Irish Unemployment Rate Falls Below 12%  
In February of 2014, Ireland’s jobless rate continued its downward trend and fell to 11.9 percent, down from a revised 12 percent in the previous month.
Irish Inflation Rate Stable in January  
In January of 2014, Irish consumer prices remained steady at an annual rate of 0.2 percent. From December to January, the CPI decreased by 0.5 percent. This compares to a decrease of 0.5 percent recorded in January of last year.
Irish Trade Surplus Narrows 12.5% in 2013  
In 2013, Irish trade surplus decreased to € 37.25 billion, down from € 42.54 billion in 2012, hurt by lower exports of medical and pharmaceutical products and a fall in petroleum sales. This is the lowest annual trade surplus since 2008.
Irish Unemployment Down to 12.3% in January  
In January of 2014, Irish jobless rate declined for the eight straight month to 12.3 percent, from 12.4 percent in December last year. A year earlier, unemployment reached 13.8 percent.
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