Ireland General Government Structural Balance (% Potential GDP) Statistics

21, Feb 2019, EST.

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Country or Region: Ireland › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Ireland indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Ireland , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Ireland in year 2015 is -1.189 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Ireland No. 23 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Ireland is 0.30 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Ireland was -1.70 % General Government Structural Balance (% Potential GDP) for Ireland in 2015 was or will be 29.89% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Ireland was or will be -0.55 %, which is 53.83% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Ireland, in other Years
Year %
  2021 0.012
  2020 0.022
  2019 -0.012
  2018 -0.029
  2017 -0.016
  2016 -0.549
2015 -1.189
  2014 -1.696
  2013 -3.06
  2012 -4.949
  2011 -6.156
  2010 -8.329
  2009 -10.629
  2008 -12.538
  2007 -9.586
  2006 -5.31
  2005 -3.911
  2004 -2.559
  2003 -1.091
  2002 -1.069
  2001 -1.258
  2000 3.316
  1999 4.356
  1998 n/a
  1997 n/a
  1996 n/a
  1995 n/a
  1994 n/a
  1993 n/a
  1992 n/a
  1991 n/a
  1990 n/a
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a