Ireland’s GDP contracted by 3.4% from the previous quarter in the three months ending December 2023, more than the initial estimates of 0.7% decline and compared to a revised 2.5% fall in the three months to September, final results showed. It was the fourth consecutive period of contractions as the global economic slowdown reduced the profitability of multinational companies, on which Ireland’s economy is dependent. From the previous year, the Irish GDP plunged by 8.7% in Q4, the most since corresponding quarter of 2008. source: Central Statistics Office Ireland
The Gross Domestic Product (GDP) in Ireland contracted 3.40 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in Ireland averaged 1.37 percent from 1995 until 2023, reaching an all time high of 21.40 percent in the first quarter of 2015 and a record low of -5.40 percent in the second quarter of 2020. 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 April of 2024.
The Gross Domestic Product (GDP) in Ireland contracted 3.40 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in Ireland is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.60 percent in 2025 and 0.50 percent in 2026, according to our econometric models.