Ireland's economy grew by percent from the previous period in the first quarter of 2021, rebounding from a downwardly revised 4.4 percent contraction in September-December. Government expenditure accelerated (1.1 percent vs 0.1 percent in Q4) and net foreign demand contributed positively to growth, as exports jumped 5.8 percent (vs 4.8 percent) while imports slumped 8.9 percent (vs 23.9 percent). On the other hand, household consumption declined faster (-5.1 percent vs -2.4 percent) and gross fixed capital formation tumbled (-19.5 percent vs 28.1 percent). On a yearly basis, the economy expanded 11.8 percent, following a 1.5 percent advance in Q4. source: Central Statistics Office Ireland
GDP Growth Rate in Ireland averaged 1.45 percent from 1995 until 2021, reaching an all time high of 22.50 percent in the first quarter of 2015 and a record low of -6.30 percent in the first quarter of 2017. This page provides - Ireland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Growth Rate in Ireland is expected to be 2.10 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 0.50 in 12 months time. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 0.60 percent in 2023, according to our econometric models.