The Irish economy expanded by 0.9 percent on quarter in the three months to September of 2018, slowing from a downwardly revised 2.1 percent growth in the previous period. Personal consumption and government spending advanced at a softer pace and net trade contributed negatively to the GDP growth, as imports rose faster than exports. GDP Growth Rate in Ireland averaged 1.45 percent from 1995 until 2018, reaching an all time high of 22.70 percent in the first quarter of 2015 and a record low of -4.70 percent in the first quarter of 2017.
GDP Growth Rate in Ireland is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ireland to stand at 1.00 in 12 months time. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.