Ireland skyline

GDP in Ireland

Ireland GDP

GDP records sharpest contraction since Q4 2020 in the first quarter

According to a preliminary estimate, GDP dropped 2.7% on a seasonally adjusted quarter-on-quarter basis in the first quarter, contrasting the 0.3% expansion recorded in the fourth quarter of last year. Q1’s reading marked the worst result since Q4 2020. On an annual basis, economic growth lost steam, cooling to 6.4% in Q1, from the previous quarter’s 12.0% increase. Q1’s reading marked the slowest growth since Q4 2020.

Ireland GDP Chart

This chart displays Economic Growth (GDP, ann. var. %) for Ireland from 2013 to 2022.

Ireland GDP Data

2018 2019 2020 2021 2022
Economic Growth (GDP, ann. var. %) 8.5 5.3 6.6 15.1 9.4
GDP (EUR bn) 327 356 375 434 506
Economic Growth (Nominal GDP, ann. var. %) 9.7 8.8 5.3 15.7 16.6

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