GDP reading: China’s GDP grew 4.5% on a year-on-year basis in Q4, following a 4.8% expansion in the previous quarter....
Economic Growth in Ireland
Ireland's economy recorded an average growth rate of 7.8% in the decade to 2024, compared to the 0.8% average for Euro Area. In 2024, real GDP growth was 1.2%. For more GDP information, visit our dedicated page.
Ireland GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Ireland from 2014 to 2025.
Source: Macrobond.
Ireland GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 7.2 | 16.3 | 7.5 | -2.5 | 2.6 |
| GDP (EUR bn) | 382 | 448 | 521 | 525 | 563 |
| Economic Growth (Nominal GDP, ann. var. %) | 4.9 | 17.5 | 16.1 | 0.8 | 7.3 |
Economy slips into contraction in the third quarter of 2025
GDP reading: Ireland's GDP shrank 0.3% on a seasonally adjusted quarter-on-quarter basis in Q3, following a 0.3% expansion in the previous quarter. Q3's reading was the weakest since Q4 2023.
Drivers: Relative to the previous period's data, the reading for private consumption softened in Q3 (+0.1% in seasonally adjusted quarter-on-quarter terms vs +0.9% in Q2). In contrast, readings strengthened for government consumption (+2.1% vs +2.0% in Q2), fixed investment (+12.5% vs -36.5% in Q2), exports of goods and services (+2.1% vs -3.6% in Q2) and imports of goods and services (+10.4% vs -10.6% in Q2). On a year-on-year basis, the economy grew 10.8% in Q3, following 17.2% growth in the prior quarter.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Irish GDP projections for the next ten years from a panel of 22 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Irish GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Irish GDP projections.
Want to get access to the full dataset of Irish GDP forecasts? Send an email to info@focus-economics.com.
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