Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.16 1.16 1.15 1.15 1.14 1.13
Stock Market (points) 8447.50 8291 8043 7803 7569 7124
Government Bond 10Y (%) 0.25 0.24 0.27 0.29 0.32 0.39

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 6.30 1 0.5 0.6 0.5 0.7
GDP Annual Growth Rate (%) 21.60 4.8 7.5 6.2 5.1 3.6
Unemployment Rate (%) 6.40 6.6 7 6.8 6.6 6.2
Inflation Rate (%) 3.70 3.8 2 1.4 1.6 1.6
Inflation Rate Mom (%) 0.50 0.3 0.4 0.2 0.4 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) 5904102.00 3000000 5300000 4600000 7100000 3000000
Current Account (EUR Million) 14993.00 16800 21500 17800 20900 14600
Current Account to GDP (% of GDP) 4.60 4.5 4.2 4.2 4.2 4.2
Government Debt to GDP (% of GDP) 59.50 61.4 59.8 59.8 59.8 59.8
Government Budget (% of GDP) -5.00 -7.4 -3.2 -3.2 -3.2 -3.2
Business Confidence (points) 49.00 12 16 22 17 21
Manufacturing PMI (points) 60.30 57.9 54.5 54 54.2 53.8
Services PMI (points) 63.70 58 56.5 54 54.6 54
Consumer Confidence (points) 86.40 82 91 105 102 101
Retail Sales MoM (%) 3.50 0.7 1 0.6 0.4 0.6
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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 6.30 1 0.5 0.6 0.5 0.7
GDP Annual Growth Rate (%) 21.60 4.8 7.5 6.2 5.1 3.6
GDP (USD Billion) 418.62 440 460 460 460 460
GDP Constant Prices (EUR Million) 109378.00 87819 99198 110635 116159 102770
Gross National Product (EUR Million) 78562.00 68875 79500 79100 83400 82400
Gross Fixed Capital Formation (EUR Million) 19546.00 24294 26051 19862 20758 26989
GDP per capita (USD) 81297.07 82500 83800 83800 83800 83800
GDP per capita PPP (USD) 89688.96 90900 91700 91700 91700 91700
GDP From Agriculture (EUR Million) 736.00 632 817 820 782 847
GDP From Construction (EUR Million) 1795.00 2312 2226 1571 1906 2306
GDP From Manufacturing (EUR Million) 44399.00 27860 40552 46072 47152 42012
GDP From Public Administration (EUR Million) 9094.00 8940 9266 9508 9658 9600
GDP From Transport (EUR Million) 7653.00 9759 8260 8172 8127 8558

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.40 6.6 7 6.8 6.6 6.2
Labor Force Participation Rate (%) 63.10 60.8 60.7 61 61.2 61.5
Youth Unemployment Rate (%) 17.40 17.6 18 17.8 17.6 17.2
Labour Costs (points) 86.80 105 92.78 90.45 89.92 108
Wages in Manufacturing (EUR/Week) 929.77 953 1002 1022 969 1031
Minimum Wages (EUR/Hour) 10.20 10.2 10.7 10.7 10.7 10.7
Population (Million) 4.96 5.02 5.08 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) 31919.00 40000 38000 37000 36500 37000
Wage Growth (%) 3.90 5.1 4.6 4.2 3.6 2.9
Wages (EUR/Week) 849.69 827 890 907 885 916
Employment Rate (%) 68.60 67 67 67 67 67

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.70 3.8 2 1.4 1.6 1.6
Inflation Rate Mom (%) 0.50 0.3 0.4 0.2 0.4 0.5
Consumer Price Index CPI (points) 105.20 105 105 105 107 107
Harmonised Consumer Prices (points) 104.60 106 106 106 106 106
Core Consumer Prices (points) 104.40 103 104 105 106 105
Core Inflation Rate (%) 2.70 1.7 1.4 1.5 1.6 1.8
GDP Deflator (points) 94.80 102 102 96.13 96.32 104
Producer Prices (points) 83.30 81.1 85.98 88.97 89.38 85.24
Producer Prices Change (%) -1.40 1.5 4.6 8.5 7.3 5.1
CPI Housing Utilities (points) 118.40 114 114 115 120 116
CPI Transportation (points) 110.70 111 111 112 112 113
Food Inflation (%) 0.40 0.8 1 0.9 1.4 1.7

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.55 -0.55 -0.55 -0.55 -0.55 -0.55
Loans to Private Sector (EUR Million) 35819.00 38063 38894 38561 37646 39434
Private Debt to GDP (%) 387.70 396 394 394 394 394

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Thousand) 5904102.00 3000000 5300000 4600000 7100000 3000000
Current Account (EUR Million) 14993.00 16800 21500 17800 20900 14600
Current Account to GDP (% of GDP) 4.60 4.5 4.2 4.2 4.2 4.2
Imports (EUR Thousand) 7192895.00 9700000 9800000 10200000 8100000 10600000
Exports (EUR Thousand) 13096997.00 12700000 15100000 14800000 15200000 13600000
Foreign Direct Investment (EUR Million) -18325.00 6900 7800 6200 8600 7200

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 59.50 61.4 59.8 59.8 59.8 59.8
Government Budget (% of GDP) -5.00 -7.4 -3.2 -3.2 -3.2 -3.2
Government Budget Value (EUR Million) -1931.00 350 -2600 500 200 -1660
Government Spending (EUR Million) 10357.00 8709 10946 11040 10999 11340
Government Spending to GDP (% of GDP) 28.40 28 26 26 26 26
Government Revenues (EUR Million) 25818.00 28800 26900 30400 28900 30400
Fiscal Expenditure (EUR Million) 27750.00 31400 26400 30200 31000 32060

Taxes Actual Q4 Q1 Q2 Q3 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 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 49.00 12 16 22 17 21
Manufacturing PMI (points) 60.30 57.9 54.5 54 54.2 53.8
Services PMI (points) 63.70 58 56.5 54 54.6 54
Industrial Production (%) 24.30 -12.6 3.6 1.5 2.3 6.5
Industrial Production Mom (%) -2.80 1 0.6 1.4 1.6 0.6
Manufacturing Production (%) 26.10 -13 4 1.9 2.6 6.9
Car Registrations 6354.00 1450 11200 5600 6670 1680

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 86.40 82 91 105 102 101
Retail Sales MoM (%) 3.50 0.7 1 0.6 0.4 0.6
Retail Sales YoY (%) 6.00 4.7 5 4.6 4.3 3.6
Consumer Spending (EUR Million) 26569.00 28591 26234 25375 28216 27178
Disposable Personal Income (EUR Million) 286059.00 259591 299790 307513 303795 310582
Personal Savings (%) 21.10 16.1 14 13 11.5 10.6
Bank Lending Rate (%) 0.70 0.7 0.7 0.7 0.7 0.7
Households Debt To GDP (% of GDP) 33.60 39 41 41 41 41
Households Debt To Income (%) 111.60 126 124 124 124 124
Consumer Credit (EUR Million) 11474.00 12227 12211 12018 12059 12667
Gasoline Prices (USD/Liter) 1.82 1.73 1.64 1.56 1.48 1.41

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 149.10 147 149 148 150 149
New Home Sales (Units) 524.00 980 600 560 660 1010
Home Ownership Rate (%) 68.70 67.9 67.5 67.5 67.5 67.5
Building Permits 2142.00 2200 2150 1500 2670 2400
Construction Output (%) 26.30 9.5 28.5 -16 -4.6 5.2
Construction PMI (points) 56.30 56.9 56 54.5 55.1 55
Existing Home Sales (Units) 2949.00 3980 3600 3200 2740 3890


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.