Ireland Economic Statistics and Indicators

25, Feb 2018, EST. Welcome to the Ireland economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Ireland › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 4,832,765 (July 2014 est.)
Area: total: 70,273 sq km ; land: 68,883 sq km ; water: 1,390 sq km
Natural Resources: natural gas, peat, copper, lead, zinc, silver, barite, gypsum, limestone, dolomite
Capital: name: Dublin ; geographic coordinates: 53 19 N, 6 14 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become an even more important component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the former COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient to stabilize Irelandís public finances. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the countryís deeply troubled banking sector. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Irelandís fragile banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland has grown slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt.
More on the Ireland Economy
More on the Ireland Export, Import and Trade

Economic Indicator Listing
  For Ireland in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 7.811 %
GDP (Current Prices, National Currency)EUR 214.623 Billion.
GDP (Current Prices, US Dollars)US$ 238.031 Billion
GDP Deflator 105.454 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)EUR 43,906.42 .
GDP Per Capita (Current Prices, National Currency)EUR 46,300.86 .
GDP Per Capita (Current Prices, US Dollars)US$ 51,350.74
Output Gap, Percent of Potential GDP -0.487 %
GDP (PPP), US DollarsUS$ 257.417 Billion
GDP Per Capita (PPP), US DollarsUS$ 55,532.92
GDP Share of World Total (PPP) 0.227 %
Implied PPP Conversion Rate 0.834
Investment (% of GDP) 23.25 %
Gross National Savings (% of GDP) 27.699 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 100 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) -0.033 %
Inflation, End of Year (Indexed to Year 2000) 99.767 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0 %
Import Volume of All Items Including Goods and Services (Percent Change) 16.363 %
Import Volumes of Goods Only (Percent Change) 8.421 %
Export Volume of All Items Including Goods and Services (Percent Change) 13.827 %
Export Volumes of Goods Only (Percent Change) 17.177 %
Unemployment Rate (% of Labour Force) 9.396 %
Employment 1.964 Million
Population 4.635 Million
General government revenue (National Currency)EUR 70.373 Billions.
General government revenue (% of GDP) 32.789 %
General government total expenditure (National Currency)EUR 73.784 Billions.
General government total expenditure (% of GDP) 34.378 %
Total Government Net Lending/ Borrowing (National Currency)EUR -3.411 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.589 %
General Government Structural Balance (National Currency)EUR -2.564 Billion.
General Government Structural Balance (% Potential GDP) -1.189 %
Fiscal Year Gross Domestic Product, Current PricesEUR 214.623 Billions.
Current Account Balance (US Dollars)US$ 10.595 Billion
Current Account Balance (% GDP) 4.451 %
Economic Indicators for Ireland 2015

GDP (Constant Prices, National Currency) for Ireland in year 2015 is EUR 203.524 Billion.

GDP Growth (Constant Prices, National Currency) for Ireland in year 2015 is 7.811 %.

GDP (Current Prices, National Currency) for Ireland in year 2015 is EUR 214.623 Billion.

GDP (Current Prices, US Dollars) for Ireland in year 2015 is US$ 238.031 Billion.

GDP Deflator for Ireland in year 2015 is 105.454 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Ireland in year 2015 is EUR 43,906.42 .

GDP Per Capita (Current Prices, National Currency) for Ireland in year 2015 is EUR 46,300.86 .

GDP Per Capita (Current Prices, US Dollars) for Ireland in year 2015 is US$ 51,350.74 .

Output Gap, Percent of Potential GDP for Ireland in year 2015 is -0.487 %.

GDP (PPP), US Dollars for Ireland in year 2015 is US$ 257.417 Billion.

GDP Per Capita (PPP), US Dollars for Ireland in year 2015 is US$ 55,532.92 .

GDP Share of World Total (PPP) for Ireland in year 2015 is 0.227 %.

Implied PPP Conversion Rate for Ireland in year 2015 is 0.834 .

Investment (% of GDP) for Ireland in year 2015 is 23.25 %.

Gross National Savings (% of GDP) for Ireland in year 2015 is 27.699 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Ireland in year 2015 is 100 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Ireland in year 2015 is -0.033 %.

Inflation, End of Year (Indexed to Year 2000) for Ireland in year 2015 is 99.767 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Ireland in year 2015 is 0 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Ireland in year 2015 is 16.363 %.

Import Volumes of Goods Only (Percent Change) for Ireland in year 2015 is 8.421 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Ireland in year 2015 is 13.827 %.

Export Volumes of Goods Only (Percent Change) for Ireland in year 2015 is 17.177 %.

Unemployment Rate (% of Labour Force) for Ireland in year 2015 is 9.396 %.

Employment for Ireland in year 2015 is 1.964 Million .

Population for Ireland in year 2015 is 4.635 Million .

General government revenue (National Currency) for Ireland in year 2015 is EUR 70.373 Billions.

General government revenue (% of GDP) for Ireland in year 2015 is 32.789 %.

General government total expenditure (National Currency) for Ireland in year 2015 is EUR 73.784 Billions.

General government total expenditure (% of GDP) for Ireland in year 2015 is 34.378 %.

Total Government Net Lending/ Borrowing (National Currency) for Ireland in year 2015 is EUR -3.411 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Ireland in year 2015 is -1.589 %.

General Government Structural Balance (National Currency) for Ireland in year 2015 is EUR -2.564 Billion.

General Government Structural Balance (% Potential GDP) for Ireland in year 2015 is -1.189 %.

Fiscal Year Gross Domestic Product, Current Prices for Ireland in year 2015 is EUR 214.623 Billions.

Current Account Balance (US Dollars) for Ireland in year 2015 is US$ 10.595 Billion.

Current Account Balance (% GDP) for Ireland in year 2015 is 4.451 %.

* Source: IMF
Aggregate Indicators for Ireland
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Ireland
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Ireland
  Natural Resources, Agricultural Products, Land Use and Water Use for Ireland
  Nationality, Ethnic Groups, Languages and Religions for Ireland
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Ireland
  Age Structure, Median Age, Gender and Urbanization for Ireland
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Ireland
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Ireland
  HIV, AIDS and Other Major Infectious Disease Rates for Ireland
  Literacy Rate, Educational Expenditure and School Life Expectancy for Ireland
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Ireland
  Industries and Industrial Growth Production Rate for Ireland
  Labor Force by Occupation for Ireland
  Poverty Line, Gini Index, Household Income and Consumption for Ireland
  National Budget and Public Debt for Ireland
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Ireland
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Ireland
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Ireland
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Ireland
  Foreign Exchange Reserves and Gold Reserves for Ireland
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Ireland
  Exchange Rate Statistics for Ireland
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Ireland
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Ireland
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Ireland
  Television and Radio Statistics (TV Stats, Radio Stats) for Ireland
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Ireland
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Ireland
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Ireland
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Ireland
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Ireland
* Source: CIA
Internet Indicators for Ireland
Indicators
  Number of Internet Users for Ireland
  Internet Penetration Rate for Ireland
  Number of Facebook Accounts for Ireland
  Facebook Penetration Rate for Ireland
* Source: IWS
Economic Freedom Indicators for Ireland
Indicators
  Economic Freedom World Rank for Ireland
  Government Spending for Ireland
  Monetary Freedom for Ireland
  Investment Freedom for Ireland
  Financial Freedom for Ireland
  Property Rights for Ireland
  Economic Freedom Regional Ranking for Ireland
  Freedom from Corruption for Ireland
  Labor Freedom for Ireland
  Tariff Rate for Ireland
  Income Tax Rate for Ireland
  Corporate Tax Rate for Ireland
  Tax Burden % of GDP for Ireland
  Government Expenditure % of GDP for Ireland
  Business Freedom for Ireland
  Trade Freedom for Ireland
  Fiscal Freedom for Ireland
  2016 Score for Ireland
* Source: HFO
Ireland Economic Indicators in other Years
  Ireland Economic Indicators for Year 2021 (Forecast)
  Ireland Economic Indicators for Year 2020 (Forecast)
  Ireland Economic Indicators for Year 2019 (Forecast)
  Ireland Economic Indicators for Year 2018 (Forecast)
  Ireland Economic Indicators for Year 2017 (Forecast)
  Ireland Economic Indicators for Year 2016 (Forecast)
Ireland Economic Indicators for Year 2015 (Current)
  Ireland Economic Indicators for Year 2014
  Ireland Economic Indicators for Year 2013
  Ireland Economic Indicators for Year 2012
  Ireland Economic Indicators for Year 2011
  Ireland Economic Indicators for Year 2010
  Ireland Economic Indicators for Year 2009
  Ireland Economic Indicators for Year 2008
  Ireland Economic Indicators for Year 2007
  Ireland Economic Indicators for Year 2006
  Ireland Economic Indicators for Year 2005
  Ireland Economic Indicators for Year 2004
  Ireland Economic Indicators for Year 2003
  Ireland Economic Indicators for Year 2002
  Ireland Economic Indicators for Year 2001
  Ireland Economic Indicators for Year 2000
  Ireland Economic Indicators for Year 1999
  Ireland Economic Indicators for Year 1998
  Ireland Economic Indicators for Year 1997
  Ireland Economic Indicators for Year 1996
  Ireland Economic Indicators for Year 1995
  Ireland Economic Indicators for Year 1994
  Ireland Economic Indicators for Year 1993
  Ireland Economic Indicators for Year 1992
  Ireland Economic Indicators for Year 1991
  Ireland Economic Indicators for Year 1990
  Ireland Economic Indicators for Year 1989
  Ireland Economic Indicators for Year 1988
  Ireland Economic Indicators for Year 1987
  Ireland Economic Indicators for Year 1986
  Ireland Economic Indicators for Year 1985
  Ireland Economic Indicators for Year 1984
  Ireland Economic Indicators for Year 1983
  Ireland Economic Indicators for Year 1982
  Ireland Economic Indicators for Year 1981
  Ireland Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International