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Ireland

Headline economic indicators for Ireland, with the most recent official readings.

Prices

Prices — Ireland
Indicator Value Change
Inflation rate · 2.2% +0.10 (+4.6%)
Consumer price index · 130.0 +2.81 (+2.2%)
Inflation rate (monthly) · 3.8% +0.40 (+11.8%)
Harmonised consumer price index · 127.2 +0.30 (+0.2%)
House price index (quarterly) · 194.4 +0.94 (+0.5%)
House price inflation, year on year (quarterly) · 6.0% -0.86 (-12.6%)
Real house price index (quarterly) · 144.5 -2.01 (-1.4%)
Real house price growth, year on year (quarterly) · 2.3% -1.41 (-37.8%)
Producer prices, year on year (monthly) · 11.1% +1.50 (+15.6%)
GDP deflator inflation · 1.0% -3.52 (-77.5%)

GDP

GDP — Ireland
Indicator Value Change
GDP growth rate · 12.3% +9.74 (+374.6%)
GDP per capita · 131,592.46 +18,698 (+16.6%)
GDP growth, quarter on quarter · 5.5% -4.70 (-46.1%)
GDP growth, year on year (quarterly) · 3.6% +4.00 (+1,000.0%)
Industrial production, year on year (monthly) · -15.0% -15.50 (-3,100.0%)
Retail sales volume, year on year (monthly) · 2.5% -0.60 (-19.4%)
Economic sentiment indicator (monthly) · 91.6 -6.60 (-6.7%)
Consumer confidence (monthly) · -23.1 -2.40 (-11.6%)
GDP per capita, long-run history · 60,257 +2,979 (+5.2%)
GDP · 721,701,359,046.31 +112,543,899,299 (+18.5%)
GDP, PPP · 850,567,259,429 +90,952,241,626 (+12.0%)
GDP per capita, PPP · 155,089 +14,310 (+10.2%)
GDP per capita growth · 10.5% +9.53 (+955.0%)
GNI per capita · 87,360 +6,710 (+8.3%)
Agriculture to GDP · 1.1% +0.04 (+3.5%)
Industry to GDP · 37.8% +4.12 (+12.3%)
Manufacturing to GDP · 33.9% +4.36 (+14.7%)
Services to GDP · 56.7% -3.83 (-6.3%)
Household consumption to GDP · 25.2% -2.17 (-7.9%)
Gross capital formation to GDP · 22.9% +4.68 (+25.7%)
Gross savings to GDP · 31.3% -3.55 (-10.2%)

Labour

Labour — Ireland
Indicator Value Change
Unemployment rate · 4.6% +0.33 (+7.7%)
Unemployment rate (monthly) · 5.0% +0.00 (+0.0%)
Labour force participation rate · 64.8% -0.17 (-0.3%)
Female labour force participation rate · 59.8% -0.08 (-0.1%)
Youth unemployment rate · 10.5% +0.05 (+0.5%)
Employment to population ratio · 61.8% -0.38 (-0.6%)
Employment in agriculture · 3.9% -0.10 (-2.6%)
Employment in industry · 18.2% -0.24 (-1.3%)
Employment in services · 77.9% +0.34 (+0.4%)

Money

Money — Ireland
Indicator Value Change
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 102.3 -0.28 (-0.3%)
Nominal effective exchange rate (monthly) · 102.4 -0.22 (-0.2%)
Private sector credit to GDP (quarterly) · 129.3% +5.92 (+4.8%)
Credit-to-GDP gap (quarterly) · -64.56 pp +11.35 (+14.9%)
Cost of borrowing for house purchase (monthly) · 3.5% +0.00 (+0.0%)
Cost of borrowing for corporations (monthly) · 4.3% -0.15 (-3.4%)
10-year government bond yield (monthly) · 3.6% +0.24 (+7.2%)
Private sector credit to GDP · 23.8% -1.44 (-5.7%)
Stock market capitalization to GDP · 27.8% -14.24 (-33.8%)
Bank nonperforming loans · 1.2% -0.04 (-3.4%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Ireland
Indicator Value Change
Current account to GDP · 6.3% -10.86 (-63.4%)
Exports to GDP · 140.1% -3.92 (-2.7%)
Imports to GDP · 99.9% -2.29 (-2.2%)
Trade to GDP · 240.0% -6.21 (-2.5%)
Exports of goods and services · 1,010,863,026,885.02 +133,770,084,980 (+15.3%)
Imports of goods and services · 720,923,704,651.25 +98,454,490,213 (+15.8%)
Trade balance, goods and services (annual) · 243,594,744,989.11 -9,431,791,009 (-3.7%)
Current account balance (annual) · 45,256,291,604.76 -59,074,821,555 (-56.6%)
Foreign direct investment to GDP · 10.4% +19.19 (+218.2%)
Remittances received to GDP · 0.1% -0.00 (-3.8%)
Total reserves, including gold · 13,659,404,386.81 +961,337,365 (+7.6%)
Reserves in months of imports · 0.1 -0.01 (-5.7%)

Government

Government — Ireland
Indicator Value Change
Government debt to GDP (quarterly) · 35.3% -1.70 (-4.6%)
Government revenue to GDP · 25.7% +2.84 (+12.4%)
Government expense to GDP · 19.2% -3.02 (-13.6%)
Tax revenue to GDP · 17.9% +0.42 (+2.4%)
Government budget balance to GDP · 4.4% +2.82 (+176.9%)
Government consumption to GDP · 11.2% -0.83 (-6.9%)
Education spending to GDP · 2.9% -0.29 (-9.0%)
Health spending to GDP · 6.9% +0.28 (+4.2%)

Demography

Demography — Ireland
Indicator Value Change
Population · 5,484,367 +88,577 (+1.6%)
Population, long-run history · 5,118 +96.14 (+1.9%)
Population growth · 1.6% +0.05 (+3.5%)
Life expectancy · 83.0 +0.20 (+0.2%)
Fertility rate · 1.47 -0.03 (-2.0%)
Birth rate · 10.0 -0.30 (-2.9%)
Death rate · 6.5 -0.10 (-1.5%)
Urban population share · 64.6% +0.24 (+0.4%)
Population aged 65 and over · 16.2% +0.32 (+2.0%)
Under-five mortality rate · 3.9 +0.10 (+2.6%)
Population density · 78.3 +1.22 (+1.6%)
Net migration · 35,417 -3,642 (-9.3%)
Gini index · 29.0 -0.90 (-3.0%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Ireland

Economies nearby

Comparable readings from neighbouring economies.