Ireland GDP Annual Growth Rate  1998-2017 | Data | Chart | Calendar

Ireland's gross domestic product expanded by 7.2 percent year-on-year in the fourth quarter of 2016, following a downwardly revised 6.2 percent growth in the previous period. Fixed investment surged 162.4 percent (-7.1 percent in Q3); household consumption grew 1.6 percent (2.4 percent in Q3); and government expenditure rose 5.7 percent (5.6 percent in Q3). Meanwhile, net exports fell, as imports jumped 31.5 percent (-4.6 percent in Q3) while exports rose at a slower 3.2 percent (0.5 percent in Q3). In 2016 as a whole, the GDP advanced 5.2 percent, slowing from a 26.3 percent growth in 2015. GDP Annual Growth Rate in Ireland averaged 5.25 percent from 1998 until 2016, reaching an all time high of 28.40 percent in the fourth quarter of 2015 and a record low of -10.10 percent in the fourth quarter of 2008.

Ireland GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-14 10:00 AM Q2 4.1% 3.9% 7.2%
2016-12-09 11:00 AM Q3 6.9% 3.1% 4% 6.5%
2017-03-09 11:00 AM Q4 7.2% 6.2% 4.2%
2017-07-12 10:00 AM Q1 7.2% 6.4%
2017-09-14 10:00 AM Q2 5.1%
2017-12-08 11:00 AM Q3 4.7%




Ireland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.50 4.00 21.50 -4.10 percent [+]
GDP Annual Growth Rate 7.20 6.20 28.40 -10.10 percent [+]
GDP 283.70 256.27 283.70 1.94 USD Billion [+]
GDP Constant Prices 66639.00 64849.00 66639.00 24270.00 EUR Million [+]
Gross National Product 55027.00 53508.00 55027.00 21991.00 EUR Million [+]
Gross Fixed Capital Formation 29005.00 13052.00 29005.00 5067.00 EUR Million [+]
GDP per capita 65249.70 51968.99 65249.70 12324.42 USD [+]
GDP per capita PPP 61378.36 48885.62 61378.36 22116.98 USD [+]
GDP From Agriculture 1263.00 1243.00 1263.00 790.00 EUR Million [+]
GDP From Construction 1653.00 1679.00 2766.00 1103.00 EUR Million [+]
GDP From Manufacturing 23496.00 22221.00 23496.00 6751.00 EUR Million [+]
GDP From Public Administration 1987.00 1947.00 1999.00 1306.00 EUR Million [+]
Gdp From Services 20231.00 20424.00 20424.00 8392.00 EUR Million [+]
GDP From Transport 13966.00 14296.00 14296.00 5521.00 EUR Million [+]


Ireland GDP Annual Growth Rate Notes

From 1995 to 2007, Irish economy was growing rapidly averaging 6 percent a year, benefiting from a rise in consumer spending, construction, and business investment. However in 2008, as a result of a crash in real estate market, economic activity dropped sharply and the country entered into a recession for the first time in more than a decade. After series of economic reforms aiming at reducing budget deficit and government debt, the GDP started to expand from Q3 of 2010 and after three quarters of contraction in 2012, it has gained the status of fastest growing economy in the Euro Area. . This page provides - Ireland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.20 6.20 28.40 -10.10 1998 - 2016 percent Quarterly
NSA



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