Ireland skyline

Ireland Industry

Ireland Industry

Industrial Production in Ireland

Ireland recorded an average industrial production growth rate of 12.0% in the decade up to 2022, which is above the 1.1% average for the Euro Area. In 2022, industrial production growth was 17.5%. For more industry information, visit our dedicated page.

Ireland Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Ireland from 2014 to 2023.
Source: Irish Central Statistics Office.

Ireland Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) -4.3 6.4 15.9 28.3 17.8

Industrial output grows at quickest pace since April in December

Industrial production increased 23.5% month-on-month in seasonally adjusted terms in December (November: +7.3% mom). December's print marked the best reading since April. The upturn largely reflected a sharp upturn in modern sector production. The modern sector includes the chemicals, pharmaceuticals, computer and electronics industries, which are typically volatile due to the strong presence of multinational firms. On an annual basis, overall industrial production grew 40.5% in December, rebounding notably from November’s 20.9% fall and marked the best result since November 2022. Moreover, the trend improved significantly, with the annual average variation of industrial production coming in at minus 6.9% in December, up from November's minus 10.8%.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Irish industry projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Irish industry.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Irish industry projections.

Want to get access to the full dataset of Irish industry forecasts? Send an email to

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