Markets Actual Q1 Q2 Q3 Q4 2023
Currency 1.13 1.14 1.13 1.13 1.12 1.11
Stock Market (points) 8265.38 8244 8014 7789 7571 7153
Government Bond 10Y (%) 0.41 0.35 0.39 0.43 0.47 0.57

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 0.90 0.5 0.6 0.5 0.7 0.6
GDP Annual Growth Rate (%) 11.40 7.5 6.2 5.1 3.6 2
Unemployment Rate (%) 5.10 5.4 5.7 5.3 5.1 5.3
Inflation Rate (%) 5.50 5.5 5.2 4.7 4.5 3
Inflation Rate Mom (%) 0.50 0.4 0.2 0.4 0.5 0.3
Interest Rate (%) 0.00 0 0 0 0.1 0.25
Balance of Trade (EUR Thousand) 5393039.00 5300000 4600000 7100000 3000000 3000000
Current Account (EUR Million) 23259.00 21500 17800 20900 14600 9800
Current Account to GDP (% of GDP) 4.60 4.2 4.2 4.2 4.2 4
Government Debt to GDP (% of GDP) 59.50 59.8 59.8 59.8 59.8 57
Government Budget (% of GDP) -5.00 -3.2 -3.2 -3.2 -3.2 -2
Business Confidence (points) 49.00 16 22 17 21 19
Manufacturing PMI (points) 58.30 54.5 54 54.2 53.8 53.6
Services PMI (points) 55.40 56.5 54 54.6 54 53.4
Consumer Confidence (points) 74.90 77 82 91 95 101
Retail Sales MoM (%) 0.60 1 0.6 0.4 0.6 0.3
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 Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 0.90 0.5 0.6 0.5 0.7 0.6
GDP Annual Growth Rate (%) 11.40 7.5 6.2 5.1 3.6 2
GDP (USD Billion) 425.89 460 460 460 460 480
GDP Constant Prices (EUR Million) 110258.00 99198 110635 116159 115881 102770
Gross National Product (EUR Million) 82704.00 79100 79700 83600 86900 81900
Gross Fixed Capital Formation (EUR Million) 18733.00 26051 19862 20758 19688 26989
GDP per capita (USD) 78558.30 83800 83800 83800 83800 84700
GDP per capita PPP (USD) 89688.96 91700 91700 91700 91700 92900
GDP From Agriculture (EUR Million) 936.00 817 820 782 984 847
GDP From Construction (EUR Million) 1844.00 2226 1571 1906 1938 2306
GDP From Manufacturing (EUR Million) 48707.00 40552 46072 47152 51191 42012
GDP From Public Administration (EUR Million) 9121.00 9266 9508 9658 9586 9600
GDP From Transport (EUR Million) 8297.00 8260 8172 8127 8720 8558

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 5.10 5.4 5.7 5.3 5.1 5.3
Labor Force Participation Rate (%) 65.20 60.7 61 61.2 61.5 62
Youth Unemployment Rate (%) 17.40 17.7 18 17.6 17.4 17.4
Labour Costs (points) 83.80 105 92.78 90.45 86.82 108
Wages in Manufacturing (EUR/Week) 928.79 1002 1022 969 962 1031
Minimum Wages (EUR/Hour) 10.20 10.7 10.7 10.7 10.7 11.5
Population (Million) 4.96 5.08 5.08 5.08 5.08 5.15
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Initial Jobless Claims (Persons) 37286.00 38000 37000 36500 37000 36000
Wage Growth (%) 5.40 4.6 4.2 3.6 2.9 2.9
Wages (EUR/Week) 837.42 890 907 885 868 916
Employment Rate (%) 72.20 67 67 67 67 67

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 5.50 5.5 5.2 4.7 4.5 3
Inflation Rate Mom (%) 0.50 0.4 0.2 0.4 0.5 0.3
Consumer Price Index CPI (points) 107.00 108 109 110 112 115
Harmonised Consumer Prices (points) 106.00 106 106 106 106 106
Core Consumer Prices (points) 105.60 107 107 108 109 111
Core Inflation Rate (%) 3.80 3.9 3.7 3.4 3.1 1.9
GDP Deflator (points) 98.87 106 99.73 104 103 106
Producer Prices (points) 83.50 86.8 88.97 89.38 87.76 90.83
Producer Prices Change (%) 4.50 5.6 8.5 7.3 5.1 3.5
CPI Housing Utilities (points) 122.90 118 119 124 128 132
CPI Transportation (points) 117.90 118 119 119 120 120
Food Inflation (%) 1.60 1.8 1.6 1.4 1.7 1.7

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 0.00 0 0 0 0.1 0.25
Interbank Rate (%) -0.57 -0.57 -0.57 -0.57 -0.47 -0.47
Loans to Private Sector (EUR Million) 35915.00 38894 38561 38002 37208 37952
Private Debt to GDP (%) 387.70 394 394 394 394 386

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (EUR Thousand) 5393039.00 5300000 4600000 7100000 3000000 3000000
Current Account (EUR Million) 23259.00 21500 17800 20900 14600 9800
Current Account to GDP (% of GDP) 4.60 4.2 4.2 4.2 4.2 4
Imports (EUR Thousand) 9865073.00 9800000 10200000 8100000 10600000 11200000
Exports (EUR Thousand) 15258112.00 15100000 14800000 15200000 13600000 14200000
Foreign Direct Investment (EUR Million) -2454.00 7800 6200 8600 7200 7200

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 59.50 59.8 59.8 59.8 59.8 57
Government Budget (% of GDP) -5.00 -3.2 -3.2 -3.2 -3.2 -2
Government Budget Value (EUR Million) -2512.00 500 200 -2100 -1660 -900
Government Spending (EUR Million) 10443.00 10946 11040 10999 10976 11340
Government Spending to GDP (% of GDP) 28.40 26 26 26 26 25
Government Revenues (EUR Million) 23650.00 26900 30400 28900 30400 33700
Fiscal Expenditure (EUR Million) 26162.00 26400 30200 31000 32060 34600

Taxes Actual Q1 Q2 Q3 Q4 2023
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 15.05 15.05 15.05 15.05
Social Security Rate For Companies (%) 11.05 10.75 11.05 11.05 11.05 11.05
Social Security Rate For Employees (%) 4.00 4 4 4 4 4

Business Actual Q1 Q2 Q3 Q4 2023
Business Confidence (points) 49.00 16 22 17 21 19
Manufacturing PMI (points) 58.30 54.5 54 54.2 53.8 53.6
Services PMI (points) 55.40 56.5 54 54.6 54 53.4
Industrial Production (%) -29.20 3.6 1.5 2.3 6.5 6.5
Industrial Production Mom (%) 37.40 0.6 1.4 1.6 0.6 0.4
Manufacturing Production (%) 46.80 4 1.9 2.6 6.9 6.9
Car Registrations 832.00 11200 5600 6670 1680 2020

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 74.90 77 82 91 95 101
Retail Sales MoM (%) 0.60 1 0.6 0.4 0.6 0.3
Retail Sales YoY (%) 16.30 5 4.6 4.3 3.6 3.6
Consumer Spending (EUR Million) 27104.00 26234 25375 28216 28486 27178
Disposable Personal Income (EUR Million) 286059.00 259591 299790 307513 303795 310582
Personal Savings (%) 21.10 14 13 11.5 10.6 10.6
Bank Lending Rate (%) 0.70 0.7 0.7 0.7 0.8 0.8
Households Debt To GDP (% of GDP) 32.00 41 41 41 41 36
Households Debt To Income (%) 107.03 124 124 124 124 120
Consumer Credit (EUR Million) 11658.00 12211 12018 12098 12078 12319
Gasoline Prices (USD/Liter) 1.73 1.64 1.56 1.48 1.41 1.34

Housing Actual Q1 Q2 Q3 Q4 2023
Housing Index (points) 153.70 149 148 150 149 154
Home Ownership Rate (%) 68.70 67.5 67.5 67.5 67.5 67
New Home Sales (Units) 605.00 600 560 660 1010 990
Building Permits 2355.00 2150 1500 2670 2400 2450
Construction Output (%) -1.40 28.5 -16 -4.6 -4.6 5.2
Construction PMI (points) 53.70 56 54.5 55.1 55 54
Existing Home Sales (Units) 3159.00 3600 3200 2740 3890 3900


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Ireland Forecast - was last updated on Saturday, January 22, 2022.