Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.13 1.13 1.12 1.12 1.11 1.11
Stock Market (points) 6128.55 5876 5727 5580 5438 5153
Government Bond 10Y (%) 0.02 0.03 0.03 0.03 0.04 0.04

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 1.20 4.7 2 2.6 1.8 1.5
GDP Annual Growth Rate (%) 4.60 -10.8 -7.6 -3.5 10.5 12
Unemployment Rate (%) 5.30 7.5 7.6 7.3 7.1 6.8
Inflation Rate (%) -0.50 -1 -0.1 0.2 1.2 1.1
Inflation Rate Mom (%) -0.50 -0.2 0.6 0.6 0.6 0.6
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) 5752500.00 3700000 3000000 3000000 3000000 2400000
Current Account (EUR Million) -15208.00 12300 3560 3560 3560 2960
Current Account to GDP (%) -9.40 4 4 3.2 3.2 3.2
Government Debt to GDP (%) 58.80 68 68 67.8 67.8 67.8
Government Budget (% of GDP) 0.40 -7.4 -7.4 -3.2 -3.2 -3.2
Business Confidence (points) 13.00 -36 -30 -28 -24 -20
Manufacturing PMI (points) 51.00 46 50.4 51.1 51.1 52.7
Services PMI (points) 39.70 46 49 51 51 52
Consumer Confidence (points) 61.60 55 58 62 62 67
Retail Sales MoM (%) 29.50 -0.1 0.5 0.5 0.5 0.5
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 2021
GDP Growth Rate (%) 1.20 4.7 2 2.6 1.8 1.5
GDP Annual Growth Rate (%) 4.60 -10.8 -7.6 -3.5 10.5 12
GDP (USD Billion) 388.70 340 340 370 370 370
GDP Constant Prices (EUR Million) 87671.00 80589 80074 84603 96876 89683
Gross National Product (EUR Million) 67974.00 63000 62700 65600 75100 70200
Gross Fixed Capital Formation (EUR Million) 50246.00 18704 46430 48487 55522 52002
GDP per capita (USD) 79703.40 77000 77000 78500 78500 78500
GDP per capita PPP (USD) 86781.40 84500 84500 85400 85400 85400
GDP From Agriculture (EUR Million) 928.00 864 899 896 1025 1007
GDP From Construction (EUR Million) 2251.00 2091 2115 2172 2487 2369
GDP From Manufacturing (EUR Million) 32502.00 27671 26018 31364 35915 29140
GDP From Public Administration (EUR Million) 8209.00 7697 7570 7922 9071 8479
GDP From Transport (EUR Million) 8313.00 8803 8794 8022 9186 9849

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.30 7.5 7.6 7.3 7.1 6.8
Labor Force Participation Rate (%) 62.70 64.4 64.5 64.5 64.5 64.5
Youth Unemployment Rate (%) 12.80 13.5 13.5 13.2 13 13
Labour Costs (points) 101.40 92.76 96.33 103 104 98.74
Wages in Manufacturing (EUR/Week) 950.34 853 891 965 975 914
Minimum Wages (EUR/Hour) 10.10 10.2 10.2 10.7 10.7 10.7
Population (Million) 4.90 4.96 4.96 5.02 5.02 5.02
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Initial Jobless Claims (Persons) 56790.00 275000 245000 195000 165000 115000
Wage Growth (%) 3.90 -1 -1.2 1.5 2.6 2.5
Wages (EUR/Week) 801.83 761 777 814 823 796
Average Hourly Earnings (EUR) 24.81 26 26.6 26.6 26.6 26.6
Employment Change (%) 0.30 0.3 0.2 0.2 0.2 0.2
Employment Rate (%) 69.80 68.7 68.6 68.6 68.6 68.6

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.50 -1 -0.1 0.2 1.2 1.1
Inflation Rate Mom (%) -0.50 -0.2 0.6 0.6 0.6 0.6
Consumer Price Index CPI (points) 101.80 102 102 103 103 103
Harmonised Consumer Prices (points) 101.10 0.3 104 104 104 106
Core Consumer Prices (points) 102.20 104 104 104 104 105
Core Inflation Rate (%) 0.50 1.4 1.5 1.5 1.5 1.5
GDP Deflator (points) 102.75 102 102 103 104 103
Producer Prices (points) 88.10 95.89 92.57 91.96 89.42 93.96
Producer Prices Change (%) -7.40 1.2 1.5 1.5 1.5 1.5
CPI Housing Utilities (points) 107.50 111 112 111 109 113
CPI Transportation (points) 101.00 102 104 106 102 105
Food Inflation (%) -1.30 1.4 1.3 1.3 1.3 1.5

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.31 -0.31 -0.31 -0.31 -0.31
Loans to Private Sector (EUR Million) 39511.00 38164 35639 36897 44014 39915
Private Debt to GDP (%) 374.10 341 341 341 341 341

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (EUR Thousand) 5752500.00 3700000 3000000 3000000 3000000 2400000
Current Account (EUR Million) -15208.00 12300 3560 3560 3560 2960
Current Account to GDP (%) -9.40 4 4 3.2 3.2 3.2
Imports (EUR Thousand) 5794900.00 8000000 8900000 8900000 8900000 9500000
Exports (EUR Thousand) 11547400.00 11700000 11900000 11900000 11900000 11900000
Tourist Arrivals (Thousand) 2424.60 3450 3600 3600 3600 3600
Gold Reserves (Tonnes) 6.00 6 6 6 6 6
Foreign Direct Investment (EUR Million) 45287.00 3600 4500 4500 4500 4500

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 58.80 68 68 67.8 67.8 67.8
Government Budget (% of GDP) 0.40 -7.4 -7.4 -3.2 -3.2 -3.2
Government Budget Value (EUR Million) 5059.00 400 350 350 350 350
Government Spending (EUR Million) 8293.00 7768 7628 8003 9164 8543
Government Spending to GDP (%) 24.80 32 32 28 28 28

Taxes Actual Q3 Q4 Q1 Q2 2021
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 (%) 14.95 14.95 14.95 14.95 14.95 14.95
Social Security Rate For Companies (%) 10.95 10.95 10.95 10.95 10.95 10.95
Social Security Rate For Employees (%) 4.00 4 4 4 4 4

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 13.00 -36 -30 -28 -24 -20
Manufacturing PMI (points) 51.00 46 50.4 51.1 51.1 52.7
Services PMI (points) 39.70 46 49 51 51 52
Industrial Production (%) -11.30 -3.6 -2.3 1 2 3.2
Industrial Production Mom (%) -9.80 2.8 -2.4 -2.4 -2.4 -1.6
Manufacturing Production (%) -11.60 1.5 4.7 4.7 4.7 3.6
Car Registrations 1490.00 6200 950 950 950 950

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 61.60 55 58 62 62 67
Retail Sales MoM (%) 29.50 -0.1 0.5 0.5 0.5 0.5
Retail Sales YoY (%) -26.60 -4.2 -2.8 7.5 17.6 6.8
Consumer Spending (EUR Million) 25889.00 25697 25102 24983 28607 28115
Disposable Personal Income (EUR Million) 251186.00 237622 232096 242394 277561 259947
Personal Savings (%) 11.50 12.2 12.1 12.1 12.1 13.2
Bank Lending Rate (%) 1.10 1.1 1.1 1.1 1.1 1.1
Households Debt To GDP (% of GDP) 38.50 41.5 41.5 41.5 41.5 41.5
Households Debt To Income (%) 120.66 125 125 125 125 125
Consumer Credit (EUR Million) 12131.00 13116 12803 12118 13580 14339
Gasoline Prices (USD/Liter) 1.36 1.29 1.23 1.17 1.11 1.05

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 133.90 123 125 125 125 125
New Home Sales (Units) 658.00 700 800 800 800 850
Home Ownership Rate (%) 70.30 71.2 71.2 71.2 71.2 71.2
Building Permits 1737.00 1910 2000 2000 2000 2000
Construction Output (%) 14.90 6.9 4.4 4.4 4.4 3.2
Construction Pmi (points) 19.90 47 50.2 50.2 51 53.4
Existing Home Sales (Units) 2940.00 3270 3580 3580 3580 3580


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.