Ireland's economy grew by 11.1 percent from the previous period in the third quarter of 2020, rebounding from a downwardly revised 3.2 percent contraction in April-June due to the COVID restrictions. Household consumption expanded 21.3 percent (vs -19.1 percent in Q2) and fixed investment rose 4.4 percent (vs -64.4 percent in Q2). In addition, net external demand contributed positively to the GDP as exports jumped 5.7 percent (vs -2.9 percent in Q2) and imports increased at a softer 1.5 percent (vs -35.8 percent in Q2). On a yearly basis, the economy grew by 8.1 percent, rebounding from a 3.2 contraction in the previous three-month period. source: Central Statistics Office Ireland
GDP Growth Rate in Ireland averaged 1.42 percent from 1995 until 2020, reaching an all time high of 23.20 percent in the first quarter of 2015 and a record low of -4.80 percent in the fourth quarter of 2008. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
GDP Growth Rate in Ireland is expected to be -1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ireland to stand at 1.40 in 12 months time. In the long-term, the Ireland GDP Growth Rate is projected to trend around 1.20 percent in 2021 and 0.70 percent in 2022, according to our econometric models.