Ireland GDP Growth Rate 1995-2018 | Data | Chart | Calendar | Forecast

The Irish economy shrank 0.6 percent on quarter in the three months to March 2018, following a downwardly revised 2.8 percent expansion in the previous three-month period. Personal consumption fell and net trade contributed negatively to GDP growth, while both fixed investment and government spending rose at a softer pace. GDP Growth Rate in Ireland averaged 1.45 percent from 1995 until 2018, reaching an all time high of 22.60 percent in the first quarter of 2015 and a record low of -4.70 percent in the first quarter of 2017.

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Irish GDP Falls 0.6% in Q1

The Irish economy shrank 0.6 percent on quarter in the three months to March 2018, following a downwardly revised 2.8 percent expansion in the previous period.

On the expenditure side of the accounts, household consumption dropped by 0.3 percent in the first quarter, following a 0.6 percent increase in the previous three-month period; while net exports declined by 13.2 percent, as exports slumped 5.8 percent (vs 6.9 percent in Q4) and imports fell at a softer 2.5 percent (vs 4.4 percent in Q4). In addition, there was a slowdown in both fixed investment (0.6 percent vs 12.8 percent) and government spending (0.4 percent vs 1.1 percent).

On the output side, industry made the largest negative contribution to the Q1 result, falling by 9.7 percent (vs 4.1 percent in Q4), within which manufacturing recorded a 10.6 percent contraction (vs 4.2 percent in Q4). Decreases were also recorded in arts and entertainment (-3.7 percent vs 4.6 percent), professional and admin services (-2.7 percent vs unchanged), agriculture (-1.6 percent vs -4.3 percent) and distribution, transport, hotels and restaurants (-1.1 percent vs 1 percent). On the other hand, growth was seen in information and communication (13.7 percent vs -3.1 percent), public administration, education and health (2.4 percent vs 1.2 percent) and real estate activities (0.8 percent vs 0.4 percent).

Compared with the same quarter of the previous year, the GDP expanded by 9.1 percent in the first quarter, following a downwardly revised 6.5 percent growth in the previous period.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/19/2018 10:39:23 AM

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2017-12-15	11:00 AM	GDP Growth Rate QoQ	4.2%	2.7%	1.4%	1.4%
2018-03-15	11:00 AM	GDP Growth Rate QoQ	3.2%	4.8%	2.6%	0.8%
2018-07-19	10:00 AM	GDP Growth Rate QoQ	-0.6%	2.8%		1%
2018-09-17	10:00 AM	GDP Growth Rate QoQ		-0.6%		2.2%
2018-12-17	11:00 AM	GDP Growth Rate QoQ				1.5%

Ireland GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.60	2.80	22.60	-4.70	percent	[+]
GDP Annual Growth Rate	9.10	6.50	29.30	-10.30	percent	[+]
GDP	333.73	304.82	333.73	1.94	USD Billion	[+]
GDP Constant Prices	76269.00	76713.00	76713.00	21057.00	EUR Million	[+]
Gross National Product	59065.00	62101.00	62243.00	19915.00	EUR Million	[+]
Gross Fixed Capital Formation	15902.00	15802.00	28100.00	3873.00	EUR Million	[+]
GDP per capita	74433.46	69892.32	74433.46	12430.71	USD	[+]
GDP per capita PPP	67335.29	63227.21	67335.29	21453.24	USD	[+]
GDP From Agriculture	938.00	587.00	1144.00	-42.00	EUR Million	[+]
GDP From Construction	1566.00	2125.00	4461.00	377.00	EUR Million	[+]
GDP From Manufacturing	26131.00	29454.00	29454.00	3053.00	EUR Million	[+]
GDP From Public Administration	7620.00	7986.00	7986.00	2112.00	EUR Million	[+]
GDP From Transport	8710.00	8630.00	8800.00	1889.00	EUR Million	[+]

Ireland GDP Growth Rate

Irish economy is based on foreign trade, industry and investment. The country is major high-tech manufacturer and is one of the world’s biggest exporters of pharmaceuticals and software. On the expenditure side, household consumption is the main component of GDP and accounts for 44 percent, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Net exports adds 19 percent to total GDP as exports account for 114 percent while imports for 95 percent. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-0.60	2.80	22.60	-4.70	1995 - 2018	percent	Quarterly	SA

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
Indonesia	4.21	Jun/18	-0.41	4.21	-3.57	%	Quarterly
United States	4.10	Jun/18	2.2	16.7	-10	%	Quarterly
Turkey	2.00	Mar/18	1.7	5.6	-5.2	%	Quarterly
India	1.90	Mar/18	1.8	5.4	-1.7	%	Quarterly
China	1.80	Jun/18	1.4	2.4	1.3	%	Quarterly
Australia	1.00	Mar/18	0.5	4.4	-2	%	Quarterly
Russia	0.85	Mar/18	-0.33	4.1	-5.4	%	Quarterly
Netherlands	0.70	Jun/18	0.6	1.7	-3.2	%	Quarterly
South Korea	0.70	Jun/18	1	7.8	-7	%	Quarterly
Spain	0.60	Jun/18	0.7	1.6	-1.6	%	Quarterly
Switzerland	0.60	Mar/18	0.6	2.3	-1.6	%	Quarterly
Germany	0.50	Jun/18	0.4	4	-4.5	%	Quarterly
Japan	0.50	Jun/18	-0.2	3.2	-4.9	%	Quarterly
Brazil	0.40	Mar/18	0.2	3.6	-4.1	%	Quarterly
Euro Area	0.40	Jun/18	0.4	1.3	-2.9	%	Quarterly
United Kingdom	0.40	Jun/18	0.2	5	-2.7	%	Quarterly
Canada	0.30	Mar/18	0.4	3.1	-2.3	%	Quarterly
France	0.20	Jun/18	0.2	7.7	-5	%	Quarterly
Italy	0.20	Jun/18	0.3	6	-2.8	%	Quarterly
Mexico	-0.10	Jun/18	1.1	3.2	-5.7	%	Quarterly