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 1.20 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 1.10 in 12 months time. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.

Ireland GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-15 11:00 AM GDP Growth Rate QoQ 3.2% 4.8% 2.6% 0.8%
2018-07-19 10:00 AM GDP Growth Rate QoQ -0.6% 2.8% 1%
2018-09-13 10:00 AM GDP Growth Rate QoQ 2.5% -0.4% 2.2%
2018-12-13 11:00 AM GDP Growth Rate QoQ 0.9% 2.1% 1.5%
2019-03-15 11:00 AM GDP Growth Rate QoQ 0.9% 1.20%
2019-07-19 10:00 AM GDP Growth Rate QoQ -0.80%
2019-09-13 10:00 AM GDP Growth Rate QoQ 1%



Irish GDP Growth Slows to 0.9% in Q3



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.

On the expenditure side of the accounts, household consumption went up 1.0 percent, easing from a 1.3 percent gain in the previous three-month period and government spending increased at a softer 1.8 percent (vs 2.1 percent in Q2). Additionally, net trade contributed negatively to the the growth, as imports advanced 7.1 percent (vs 4.1 percent) while exports rose at a softer 1.5 percent (vs 6.8 percent). Meanwhile, fixed investment jumped 21.8 percent, after grewing 1.4 percent in the second quarter of the year.

On the production side, a slowdown was seen in the industry sector (3.5 percent vs 5.0 percent in Q2); manufacturing (4.1 percent vs 4.7 percent); construction (3.5 percent vs 5.1 percent); distribution, transport, hotels and restaurants (1.1 percent vs 3.1 percent); information and communication (0.1 percent vs 10.9 percent) and professional and administrative services (1.4 percent vs 3.5 percent). Meanwhile, output rebounded in public administration, education and health (1.3 percent vs -1.2 percent in Q2) and arts and entertainment (6.1 percent vs -2.6 percent). Also, output rose further in financial and Insurance activities (2.9 percent vs 1.2 percent) and declined less in agriculture, forestry and fishing (-1.5 percent vs -4.0 percent).

Compared with the same quarter of the previous year, the GDP grew 4.9 percent, following a downwardly revised 8.7 percent expansion in the prior period.


CSO | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/13/2018 11:29:46 AM



Ireland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 2.10 22.70 -4.70 percent [+]
GDP Annual Growth Rate 4.90 8.70 29.30 -10.30 percent [+]
GDP 333.73 304.82 333.73 1.94 USD Billion [+]
GDP Constant Prices 78476.00 77768.00 78476.00 21184.00 EUR Million [+]
Gross National Product 63140.00 60033.00 63140.00 19915.00 EUR Million [+]
Gross Fixed Capital Formation 18952.00 15560.00 28090.00 3972.00 EUR Million [+]
GDP per capita 74433.46 69892.32 74433.46 12430.71 USD [+]
GDP per capita PPP 67335.29 63227.21 67335.29 21453.24 USD [+]
GDP From Agriculture 584.00 594.00 681.00 307.00 EUR Million [+]
GDP From Construction 2141.00 2068.00 2608.00 1008.00 EUR Million [+]
GDP From Manufacturing 25593.00 24739.00 25989.00 5062.00 EUR Million [+]
GDP From Public Administration 7879.00 7775.00 7879.00 4047.00 EUR Million [+]
GDP From Transport 8844.00 8749.00 8844.00 4675.00 EUR Million [+]


Ireland GDP Growth Rate

Irish economy is based on foreign trade, industry and investment. The country is major high-tech manufacturer and is one of the world’s biggest exporters of pharmaceuticals and software. On the expenditure side, household consumption is the main component of GDP and accounts for 44 percent, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Net exports adds 19 percent to total GDP as exports account for 114 percent while imports for 95 percent. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 2.10 22.70 -4.70 1995 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18


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