Ireland GDP Growth Rate

Ireland’s gross domestic product expanded 0.9 percent on quarter in the three months to September of 2021, easing from a downwardly revised 5.2 percent expansion in Q2. Household consumption edged up 0.5 percent, slowing sharply from a 14.5 percent surge in the previous period and gross domestic fixed capital declined 3.8 percent, after a 4.8 percent rise while government expenditure rose further (0.8 percent vs 0.5 percent). Also, net foreign demand contributed negatively to growth, as imports jumped 4.5 percent while exports increased at a softer 1.3 percent. On a yearly basis, the economy expanded 11.4 percent, following a 21.1 percent gain in Q2.