Ireland Economic Forecast

Ireland Economic Outlook

January 30, 2018

The Irish economy remains on a solid growth path in the fourth quarter. Buttressed by high consumer confidence and a solid labor market, retail sales growth in November accelerated to the fastest clip since July 2016. Unemployment continued to drop in December, and the unemployment rate closed the year at the lowest value since May 2008. Survey-based data for December is also positive: The manufacturing PMI reached an all-time high, and the services PMI recorded its strongest expansion since April. Output in the private sector benefited from higher demand volumes, particularly from overseas markets. Furthermore, Irish manufacturers and service providers were optimistic about the economic outlook for next year and expect economic conditions to improve. The latest stream of data confirms that the economy is in good shape despite Brexit-related uncertainty, particularly in the final months of the year, when disagreements over the Irish border nearly caused Brexit negotiations to collapse.

Ireland Economic Growth

Growth in private consumption and fixed investment will support domestic demand, while the external sector will benefit from a pick-up in overseas demand. FocusEconomics panelists expect GDP to grow 3.9% in 2018, which is up 0.3 percentage points from last month’s forecast. In 2019, the panel expects growth to slow to 3.1%.

Sample Report

5 years of Ireland economic forecasts for more than 30 economic indicators.


Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Ireland Facts

Bond Yield0.860.27 %Feb 14
Exchange Rate1.240.65 %Feb 14
Stock Market6,723-0.39 %Feb 14

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Ireland Economic News

Search form