Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 5799.61 5411 5347 5285 5223 5101
Government Bond 10Y (%) 1.00 0.91 0.95 1 1.05 1.15
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 -0.8 1 1.1 1 0.8
GDP Annual Growth Rate (%) 4.90 3.2 3.3 3.8 6.1 2.9
Unemployment Rate (%) 5.30 4.6 4.5 4.7 5.1 5.5
Inflation Rate (%) 0.70 1 1.1 1.4 1.5 2.1
Inflation Rate Mom (%) 0.00 0.4 0.5 -0.3 0.5 0.6
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Thousand) 4804900.00 5700000 4900000 5200000 5600000 5400000
Current Account (EUR Million) 9104.00 4850 5400 12500 4750 3560
Current Account to GDP (%) 12.50 7 7 7 7 6
Government Debt to GDP (%) 68.00 60 60 60 60 58
Government Budget (% of GDP) -0.30 0.5 0.5 0.5 0.5 0.8
Business Confidence (%) 21.00 5 15 21 28 36
Services PMI (Index Points) 56.30 51.5 54.9 54.6 54.6 53.8
Manufacturing PMI 54.50 52 55.9 56.4 53.6 52.9
Consumer Confidence (Index Points) 96.50 95 101 104 106 103
Retail Sales MoM (%) -0.10 0.6 0.5 -0.4 0.4 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 -0.8 1 1.1 1 0.8
GDP Annual Growth Rate (%) 4.90 3.2 3.3 3.8 6.1 2.9
GDP (USD Billion) 333.73 360 360 360 360 390
GDP Constant Prices (EUR Million) 78476.00 77366 79051 79967 83263 85678
Gross National Product (EUR Million) 63140.00 60200 61000 64300 65800 67800
Gross Fixed Capital Formation (EUR Million) 18952.00 15593 15817 19312 20108 20691
GDP per capita (USD) 74433.46 79000 79000 79000 79000 82000
GDP per capita PPP (USD) 67335.29 73100 73100 73100 73100 74800
GDP From Agriculture (EUR Million) 584.00 628 604 595 620 638
GDP From Construction (EUR Million) 2141.00 2031 2136 2222 2272 2337
GDP From Manufacturing (EUR Million) 25593.00 23943 25147 26079 27154 27942
GDP From Public Administration (EUR Million) 7879.00 8124 8032 8178 8360 8602
GDP From Transport (EUR Million) 8844.00 8624 8893 9012 9383 9656
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.30 4.6 4.5 4.7 5.1 5.5
Employed Persons (Thousand ) 2265.00 2400 2450 2500 2400 2500
Unemployed Persons (Thousand ) 143.80 136 138 137 139 141
Unemployment Change (Persons) 3408.00 -2640 4750 -12100 1830 1040
Part Time Employment (Thousand) 455.70 465 470 460 475 480
Full Time Employment (Thousand) 1795.50 2020 2030 2040 2050 2150
Labor Force Participation Rate (%) 62.10 63 63.4 63.6 64 64.5
Long Term Unemployment Rate (%) 2.00 1.5 1.5 1.6 1.9 2.5
Youth Unemployment Rate (%) 12.20 10.1 9.5 9.5 11 11
Labour Costs (Index Points) 72.10 82 86 77 88 92
Wages in Manufacturing (EUR/Week) 853.51 895 855 875 885 895
Minimum Wages (EUR/Hour) 9.80 9.8 9.8 9.8 9.8 10.2
Population (Million) 4.84 4.88 4.88 4.88 4.88 4.94
Initial Jobless Claims (Persons) 35922.00 33200 32600 35038 30800 30200
Productivity (Index Points) 144.70 147 149 151 152 157
Wages (EUR/Week) 740.32 751 738 732 765 781
Average Hourly Earnings (EUR) 22.62 24.2 24.5 24.4 25.1 26.6
Employment Change (%) 0.70 0.4 0.4 0.6 0.5 0.4
Employment Rate (%) 69.10 69.4 69.2 69.1 69 68.6
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.70 1 1.1 1.4 1.5 2.1
Inflation Rate Mom (%) 0.00 0.4 0.5 -0.3 0.5 0.6
Harmonised Consumer Prices (Index Points) 100.70 109 102 103 115 123
Consumer Price Index CPI (Index Points) 101.10 102 103 103 103 105
Core Consumer Prices (Index Points) 100.50 102 102 102 101 103
Core Inflation Rate (%) 0.30 0.7 0.8 0.9 1 1.5
GDP Deflator (Index Points) 100.37 104 105 105 106 109
Producer Prices (Index Points) 93.70 99.47 101 96.88 102 104
Export Prices (Index Points) 95.40 92 95 95 97 101
Import Prices (Index Points) 98.20 100 101 102 104 106
Producer Prices Change (%) -4.20 -2 -0.6 0.5 1.5 1.7
CPI Housing Utilities (Index Points) 108.40 106 107 110 110 112
CPI Transportation (Index Points) 101.90 104 105 105 103 105
Food Inflation (%) -1.40 0.5 1.1 1.5 1.7 1.7
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Interbank Rate (%) -0.31 -0.32 -0.32 -0.27 -0.22 -0.22
Money Supply M1 (EUR Million) 173722.00 167000 169000 180155 182000 201000
Money Supply M2 (EUR Million) 214741.00 211000 213000 223084 215000 221000
Money Supply M3 (EUR Million) 241814.00 238000 241000 233736 245000 259000
Loans to Private Sector (EUR Million) 41127.00 49900 51800 41748 55100 65600
Private Debt to GDP (%) 406.71 365 365 365 365 341
Central Bank Balance Sheet (EUR Million) 97269.00 109500 111200 100963 116900 122500
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Thousand) 4804900.00 5700000 4900000 5200000 5600000 5400000
Current Account (EUR Million) 9104.00 4850 5400 12500 4750 3560
Current Account to GDP (%) 12.50 7 7 7 7 6
Imports (EUR Thousand) 7981100.00 7400000 7800000 6700000 7900000 8900000
Exports (EUR Thousand) 12786000.00 13600000 12700000 11900000 11800000 12500000
External Debt (EUR Million) 2293949.00 2560000 2590000 2610000 2620000 2740000
Terms of Trade (Index Points) 97.10 92 94.06 93.14 93.27 95.28
Capital Flows (EUR Million) 9276.00 1750 -2200 4500 -2900 -2100
Tourist Arrivals (Thousand) 3330.80 2020 4980 3020 3280 3600
Gold Reserves (Tonnes) 6.00 6 6 6 6 6
Foreign Direct Investment (EUR Million) -44020.00 9600 21500 4400 5200 4500
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 68.00 60 60 60 60 58
Government Budget (% of GDP) -0.30 0.5 0.5 0.5 0.5 0.8
Government Budget Value (EUR Million) 639.00 -400 1800 2620 400 350
Government Spending (EUR Million) 7674.00 7622 7788 7966 8142 8378
Government Spending to GDP (%) 26.10 26.5 26.5 26.5 26.5 27.2
Government Revenues (EUR Million) 12718.00 14200 18500 15100 18100 18800
Government Debt (EUR Million) 214945.00 225000 227000 228000 229000 236000
Fiscal Expenditure (EUR Million) 13367.00 14600 16700 12480 17700 18450
Asylum Applications (persons) 235.00 160 150 280 200 190
Taxes Actual Q1 Q2 Q3 Q4 2020
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
Social Security Rate (%) 14.75 14.75 14.75 14.75 14.75 14.75
Social Security Rate For Companies (%) 10.75 10.75 10.75 10.75 10.75 10.75
Social Security Rate For Employees (%) 4.00 4 4 4 4 4
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (%) 21.00 5 15 21 28 36
Services PMI (Index Points) 56.30 51.5 54.9 54.6 54.6 53.8
Manufacturing PMI 54.50 52 55.9 56.4 53.6 52.9
Industrial Production (%) -10.50 6.9 5.1 4.5 4.5 3
Industrial Production Mom (%) -7.50 1.5 -0.4 0.8 0.5 0.8
Manufacturing Production (%) -11.50 6.5 5.8 5.1 4.2 2.8
Changes in Inventories (EUR Million) -246.00 -420 700 610 470 340
Car Registrations 778.00 18100 4700 5500 800 950
Electricity Production (Gigawatt-hour) 2591.00 2600 2500 2366 2560 2600
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 96.50 95 101 104 106 103
Retail Sales MoM (%) -0.10 0.6 0.5 -0.4 0.4 0.5
Retail Sales YoY (%) 3.60 3.4 3.6 3.4 2.9 2.5
Consumer Spending (EUR Million) 25542.00 25359 25706 26027 27100 27886
Disposable Personal Income (EUR Million) 233013.00 251000 251000 251000 251000 265000
Personal Savings (%) 10.10 7.8 7.6 7.7 7.9 7.2
Private Sector Credit (EUR Million) 170787.00 189000 195000 176995 207000 229000
Bank Lending Rate (%) 1.00 1 1 1.05 1.1 1.1
Consumer Credit (EUR Million) 13166.00 14000 14200 13392 15100 16900
Gasoline Prices (USD/Liter) 1.50 1.41 1.38 1.35 1.32 1.32
Households Debt To GDP (% of GDP) 44.30 41.5 41.5 41.5 41.5 38.7
Households Debt To Income (%) 147.13 134 134 134 134 125
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 107.40 110 112 114 117 125
New Home Sales (dwellings) 758.00 740 720 680 750 800
Building Permits 1813.00 1550 1650 1750 1850 2200
Construction Output (%) 12.00 7.5 6.8 5.1 4.5 4
Construction Pmi 56.30 51.2 54.9 54.5 54.2 52.9
Existing Home Sales (dwellings) 3376.00 3420 3600 3220 3510 3580
Home Ownership Rate (%) 69.80 71 71 71 71 71.2


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.