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, annual variation in %) 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 |