Ireland GDP Growth Rate

Last Release

Mar 31, 2025

Actual

3.2

Units In

-1.3

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	1.39 %	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 GDP rose by 3.2% quarter-on-quarter in Q1 2025, following a 3.6% advance in the previous period, according to preliminary estimates. This marked the third consecutive quarter of expansion and at a solid pace, "driven mainly by a rise in the multinational dominated sectors in Q1 2025 with a more modest increase in the domestic economy." On an annual basis, the GDP surged by 13.3%, accelerating from a 9.2% increase in the prior quarter and marking the strongest annual growth since Q4 2021.