Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.19 1.17 1.17 1.16 1.16 1.14
Stock Market (points) 8050.55 7996 7749 7509 7277 6835
Government Bond 10Y (%) -0.05 0 0 0.01 0.01 0.01

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 7.80 7.4 1 0.5 0.6 0.7
GDP Annual Growth Rate (%) 11.80 2.3 8 5 4 0.5
Unemployment Rate (%) 7.60 7.8 7.4 7 6.8 6.6
Inflation Rate (%) 1.60 1.6 1.2 1.4 1 1.6
Inflation Rate Mom (%) 0.20 0.4 0.3 0.3 0.3 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) 5176234.00 5100000 3500000 3500000 3500000 2700000
Current Account (EUR Million) 18400.00 9500 2960 2960 2960 1620
Current Account to GDP (% of GDP) 4.60 4.5 4.5 4.2 4.2 4.2
Government Debt to GDP (% of GDP) 59.50 61.4 61.4 59.8 59.8 59.8
Government Budget (% of GDP) -5.00 -5.4 -5.4 -5.4 -3.2 -3.2
Business Confidence (points) 49.00 -18 -12 -12 -12 -7
Manufacturing PMI (points) 64.00 52 52.7 52.7 52.7 53.8
Services PMI (points) 63.10 52.8 52 52 52 54
Consumer Confidence (points) 84.90 66 67 67 67 76
Retail Sales MoM (%) 3.30 0.5 0.7 0.7 0.7 0.7
Corporate Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5
Personal Income Tax Rate (%) 48.00 48 48 48 48 48

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 7.80 7.4 1 0.5 0.6 0.7
GDP Annual Growth Rate (%) 11.80 2.3 8 5 4 0.5
GDP (USD Billion) 418.62 370 370 370 370 410
GDP Constant Prices (EUR Million) 97389.00 89865 87819 97557 102258 98045
Gross National Product (EUR Million) 69379.00 68700 68875 75700 72800 76100
Gross Fixed Capital Formation (EUR Million) 19030.00 18421 24294 25527 19982 25655
GDP per capita (USD) 81376.39 78500 78500 78500 78500 80000
GDP per capita PPP (USD) 89688.96 85400 85400 85400 85400 86600
GDP From Agriculture (EUR Million) 886.00 939 632 1009 930 1014
GDP From Construction (EUR Million) 1685.00 1451 2312 2375 1769 2387
GDP From Manufacturing (EUR Million) 38798.00 34825 27860 37158 40738 37344
GDP From Public Administration (EUR Million) 8346.00 8855 8940 9057 8763 9102
GDP From Transport (EUR Million) 7212.00 5958 9759 8649 7573 8692

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.60 7.8 7.4 7 6.8 6.6
Labor Force Participation Rate (%) 60.40 57.9 58.9 58.9 58.9 61
Youth Unemployment Rate (%) 18.10 18 14 17.7 17.3 17.1
Labour Costs (points) 88.60 98.18 80.61 102 102 104
Wages in Manufacturing (EUR/Week) 976.81 891 953 965 965 987
Minimum Wages (EUR/Hour) 10.20 10.2 10.2 10.7 10.7 10.7
Population (Million) 4.96 5.02 5.02 5.08 5.08 5.08
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Initial Jobless Claims (Persons) 34012.00 51000 45000 45000 45000 37000
Wage Growth (%) 8.40 1.6 1.7 1.7 1.7 2.2
Wages (EUR/Week) 867.52 824 827 859 859 878
Employment Change (%) -1.80 0.4 0.4 0.4 0.4 0.2
Employment Rate (%) 65.60 66.6 67 67 67 67

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.60 1.6 1.2 1.4 1 1.6
Inflation Rate Mom (%) 0.20 0.4 0.3 0.3 0.3 0.5
Consumer Price Index CPI (points) 103.70 103 103 104 105 104
Harmonised Consumer Prices (points) 103.10 104 106 106 106 106
Core Consumer Prices (points) 103.40 102 105 105 105 103
Core Inflation Rate (%) 0.90 0.7 1.1 1.1 1.1 1.4
GDP Deflator (points) 100.24 101 106 102 101 107
Producer Prices (points) 82.00 88.3 83.5 85.9 85.69 87.25
Producer Prices Change (%) -5.30 4 4.5 4.5 4.5 4.5
CPI Housing Utilities (points) 113.30 110 111 113 114 113
CPI Transportation (points) 106.40 101 101 104 107 103
Food Inflation (%) -0.30 0.5 0.8 1 1 1.9

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.54 -0.54 -0.54 -0.54 -0.54 -0.54
Loans to Private Sector (EUR Million) 36310.00 49200 54600 54600 54600 57800
Private Debt to GDP (%) 387.70 387 387 387 387 384

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Thousand) 5176234.00 5100000 3500000 3500000 3500000 2700000
Current Account (EUR Million) 18400.00 9500 2960 2960 2960 1620
Current Account to GDP (% of GDP) 4.60 4.5 4.5 4.2 4.2 4.2
Imports (EUR Thousand) 8384532.00 7700000 8800000 8800000 8800000 10200000
Exports (EUR Thousand) 13560765.00 12800000 12300000 12300000 12300000 12900000
Tourist Arrivals (Thousand) 2424.60 2870 2750 2750 2750 2750
Foreign Direct Investment (EUR Million) -18325.00 3600 6900 6900 6900 6900

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 59.50 61.4 61.4 59.8 59.8 59.8
Government Budget (% of GDP) -5.00 -5.4 -5.4 -5.4 -3.2 -3.2
Government Budget Value (EUR Million) -1931.00 690 350 -5625 -7500 2700
Government Spending (EUR Million) 9807.00 10170 8709 10475 10297 10527
Government Spending to GDP (% of GDP) 28.40 28 28 26 26 26
Government Revenues (EUR Million) 25818.00 13700 13700 13700 13700 19800
Fiscal Expenditure (EUR Million) 27750.00 17890 21200 21200 21200 17100

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5
Personal Income Tax Rate (%) 48.00 48 48 48 48 48
Sales Tax Rate (%) 23.00 23 23 23 23 23
Social Security Rate (%) 15.05 14.75 14.75 14.75 14.75 14.75
Social Security Rate For Companies (%) 11.05 10.75 10.75 10.75 10.75 10.75
Social Security Rate For Employees (%) 4.00 4 4 4 4 4

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 49.00 -18 -12 -12 -12 -7
Manufacturing PMI (points) 64.00 52 52.7 52.7 52.7 53.8
Services PMI (points) 63.10 52.8 52 52 52 54
Industrial Production (%) 29.90 1.5 1.4 1.4 1.4 3.4
Industrial Production Mom (%) -4.60 2.2 1 1 1 0.5
Manufacturing Production (%) 31.30 1.8 1.5 1.5 1.5 1.5
Car Registrations 4980.00 3400 780 780 780 1050

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 84.90 66 67 67 67 76
Retail Sales MoM (%) 3.30 0.5 0.7 0.7 0.7 0.7
Retail Sales YoY (%) 10.60 2.9 4.7 4.7 4.7 4.7
Consumer Spending (EUR Million) 23761.00 22765 28591 27030 24949 27165
Disposable Personal Income (EUR Million) 286059.00 272277 308944 300362 297501 310488
Personal Savings (%) 31.00 12.9 11.5 14 13 10.6
Bank Lending Rate (%) 0.80 0.8 0.8 0.8 0.8 0.8
Households Debt To GDP (% of GDP) 35.30 45 45 45 45 43
Households Debt To Income (%) 111.60 126 126 126 126 122
Consumer Credit (EUR Million) 11277.00 12899 14840 12600 11927 12663
Gasoline Prices (USD/Liter) 1.75 1.66 1.58 1.5 1.43 1.35

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 141.50 134 132 132 132 138
New Home Sales (Units) 462.00 510 740 740 740 740
Home Ownership Rate (%) 68.70 68.7 68.7 68.7 68.7 68.4
Building Permits 1963.00 1780 1480 1480 1480 2000
Construction Output (%) -27.30 9.5 5.2 5.2 5.2 5.2
Construction PMI (points) 66.50 52.4 53.4 53.4 53.4 52.5
Existing Home Sales (Units) 2676.00 3200 2970 2970 2970 2970


This page has economic forecasts for Ireland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ireland economy.