Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.21 1.21 1.21 1.2 1.2 1.19
Stock Market (points) 7515.42 7224 7040 6860 6685 6335
Government Bond 10Y (%) 0.07 0.05 0.06 0.07 0.07 0.08

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 11.10 -1.4 0.2 2.2 0.7 0.7
GDP Annual Growth Rate (%) 8.10 1.6 2.8 2.5 1.8 3.6
Unemployment Rate (%) 5.80 7.9 8.4 7.8 7.4 6.6
Inflation Rate (%) -0.20 -0.2 0.6 1 1.1 1.1
Inflation Rate Mom (%) 0.10 0.3 0.5 0.4 0.3 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) 3579000.00 3000000 9800000 6200000 3000000 3000000
Current Account (EUR Million) 12700.00 4500 6800 9500 2960 1620
Current Account to GDP (%) -9.40 3.2 3.2 3.2 3.2 2
Government Debt to GDP (%) 58.80 66 66 66 66 62
Government Budget (% of GDP) 0.40 -3.2 -3.2 -3.2 -3.2 -0.6
Business Confidence (points) -58.00 -28 -24 -18 -12 -7
Manufacturing PMI (points) 51.80 51.1 52.6 52 52.7 53.8
Services PMI (points) 36.20 51 53.6 52.8 52 54
Consumer Confidence (points) 70.80 72.6 65 66 67 76
Retail Sales MoM (%) 14.30 0.6 0.3 0.5 0.7 0.7
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 2022
GDP Growth Rate (%) 11.10 -1.4 0.2 2.2 0.7 0.7
GDP Annual Growth Rate (%) 8.10 1.6 2.8 2.5 1.8 3.6
GDP (USD Billion) 388.70 370 370 370 370 410
GDP Constant Prices (EUR Million) 93649.00 92649 88510 86689 87819 94317
Gross National Product (EUR Million) 63580.00 72000 68400 66700 68875 73200
Gross Fixed Capital Formation (EUR Million) 18550.00 63317 50722 18274 24294 64456
GDP per capita (USD) 79703.40 78500 78500 78500 78500 80000
GDP per capita PPP (USD) 86781.40 85400 85400 85400 85400 86600
GDP From Agriculture (EUR Million) 969.00 1081 953 949 632 1101
GDP From Construction (EUR Million) 1852.00 2260 2248 1241 2312 2301
GDP From Manufacturing (EUR Million) 34487.00 30789 33305 33884 27860 31343
GDP From Public Administration (EUR Million) 8397.00 8785 8539 8584 8940 8943
GDP From Transport (EUR Million) 8257.00 9516 9077 5778 9759 9687

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 5.80 7.9 8.4 7.8 7.4 6.6
Labor Force Participation Rate (%) 61.70 57 57.4 57.9 58.9 61
Youth Unemployment Rate (%) 15.70 17.8 18.3 17.7 17.3 17.3
Labour Costs (points) 84.30 104 98.18 85.65 85.73 87.62
Wages in Manufacturing (EUR/Week) 871.35 936 891 885 886 906
Minimum Wages (EUR/Hour) 10.20 10.2 10.2 10.2 10.2 10.7
Population (Million) 4.90 5.02 5.02 5.02 5.02 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) 38990.00 58000 54000 51000 45000 37000
Wage Growth (%) 3.70 -0.6 0.8 1.6 1.7 2.2
Wages (EUR/Week) 797.83 796 824 811 811 829
Employment Change (%) 3.30 0.3 0.3 0.4 0.4 0.2
Employment Rate (%) 67.70 64.5 65.1 66.6 67 67

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.20 -0.2 0.6 1 1.1 1.1
Inflation Rate Mom (%) 0.10 0.3 0.5 0.4 0.3 0.5
Consumer Price Index CPI (points) 101.50 102 103 102 103 104
Harmonised Consumer Prices (points) 101.00 104 104 104 106 106
Core Consumer Prices (points) 101.80 102 103 103 105 103
Core Inflation Rate (%) 0.70 0.6 0.8 0.7 1.1 1.4
GDP Deflator (points) 101.29 106 103 102 102 104
Producer Prices (points) 80.80 92.77 89.37 88.3 98.89 87.25
Producer Prices Change (%) -12.60 1.5 3.2 4 4.5 4.5
CPI Housing Utilities (points) 110.30 111 109 110 111 112
CPI Transportation (points) 99.50 105 104 100 101 102
Food Inflation (%) -1.60 0.3 1.4 1.3 1.5 1.9

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.55 -0.53 -0.53 -0.53 0.44 -0.53
Loans to Private Sector (EUR Million) 36320.00 49800 47600 49200 54600 57800
Private Debt to GDP (%) 374.10 387 387 387 387 384

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (EUR Thousand) 3579000.00 3000000 9800000 6200000 3000000 3000000
Current Account (EUR Million) 12700.00 4500 6800 9500 2960 1620
Current Account to GDP (%) -9.40 3.2 3.2 3.2 3.2 2
Imports (EUR Thousand) 8181000.00 6600000 7600000 7700000 8800000 10200000
Exports (EUR Thousand) 11760000.00 16400000 13800000 12800000 12300000 12900000
Tourist Arrivals (Thousand) 2424.60 1650 2600 2870 2750 2750
Foreign Direct Investment (EUR Million) 64428.00 1590 1590 3600 6900 6900

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 58.80 66 66 66 66 62
Government Budget (% of GDP) 0.40 -3.2 -3.2 -3.2 -3.2 -0.6
Government Budget Value (EUR Million) -2041.00 350 -6950 -5470 350 350
Government Spending (EUR Million) 9537.00 8842 8832 9791 8709 9001
Government Spending to GDP (%) 24.80 28 28 28 28 26
Government Revenues (EUR Million) 13022.00 12980 16290 13700 13700 19800
Fiscal Expenditure (EUR Million) 17064.00 24400 15600 17890 21200 17100

Taxes Actual Q1 Q2 Q3 Q4 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 14.75 14.75
Social Security Rate For Companies (%) 11.05 10.75 11.05 11.05 10.75 10.75
Social Security Rate For Employees (%) 4.00 4 4 4 4 4

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) -58.00 -28 -24 -18 -12 -7
Manufacturing PMI (points) 51.80 51.1 52.6 52 52.7 53.8
Services PMI (points) 36.20 51 53.6 52.8 52 54
Industrial Production (%) 28.80 -11.7 2 1.5 1.4 3.4
Industrial Production Mom (%) -24.80 1.5 -1.3 2.2 1 0.5
Manufacturing Production (%) 30.30 -12 2.3 1.8 1.5 1.5
Car Registrations 16948.00 8600 2980 3400 780 1050

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 70.80 72.6 65 66 67 76
Retail Sales MoM (%) 14.30 0.6 0.3 0.5 0.7 0.7
Retail Sales YoY (%) 8.20 7.5 3.2 2.9 4.7 4.7
Consumer Spending (EUR Million) 25846.00 28018 26743 21904 28591 28522
Disposable Personal Income (EUR Million) 266155.00 273075 270413 273607 259591 277990
Personal Savings (%) 19.60 11.8 12 11.9 11.1 9.9
Bank Lending Rate (%) 0.80 0.8 0.8 0.8 1.75 0.8
Households Debt To GDP (% of GDP) 36.20 45 45 45 45 43
Households Debt To Income (%) 111.60 126 126 126 126 122
Consumer Credit (EUR Million) 11667.00 14216 12759 12510 14840 14472
Gasoline Prices (USD/Liter) 1.58 1.5 1.43 1.35 1.29 1.22

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 137.20 129 130 134 132 138
New Home Sales (Units) 1081.00 580 610 510 740 740
Home Ownership Rate (%) 70.30 68.7 68.7 68.7 68.7 68.4
Building Permits 2196.00 1500 1680 1780 1480 2000
Construction Output (%) -10.00 -6 18.9 6.5 5.2 5.2
Construction PMI (points) 21.20 52 51 52.4 53.4 52.5
Existing Home Sales (Units) 3907.00 2680 2500 3200 2970 2970


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.