Ireland GDP Growth Rate

Last Release

Jun 30, 2025

Actual

-1

Units In

3.2

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
23.4 Mar 2015	-5.4 Dec 2021	1.37 %	1995-2025	Central Statistics Office Ireland

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.

Latest Updates

Ireland’s economy grew by 0.2% quarter-on-quarter in Q2 2025, surpassing the preliminary estimate of a 1.0% decline, but easing sharply from a revised 7.5% expansion in Q1. The globalised Industry sector expanded 2.5% in the quarter, while the Information & Communication sector rose 1.8%. Overall, the multinational-dominated sector increased 1.1%. Domestic activity showed mixed trends: personal consumption grew 1.0%, government spending rose 2.5%, but gross fixed capital formation dropped sharply by 36.9%. On the foreign trade front, both exports (-4.0%) and imports (-10.8%) declined. Meanwhile, GNP rebounded 15.7%, following a 6.6% decline in Q1.