Countries
Ireland
Key Economic Indicators
$720 billion
$133,437
2.6%
2.11%
4.63%
$577.389 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$105.99 billion
Economic Overview
<p>high-income, export-oriented EU economy; large multinational business sector contributes to growth and tax revenues but poses volatility risks; high living standards; strong labor market challenged by skill shortages and aging workforce</p>
All Economic Data
Agricultural products
milk, barley, beef, wheat, potatoes, pork, oats, chicken, rapeseed, beans (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
4% of household expenditures (2023 est.)
On food:
8.6% of household expenditures (2023 est.)
Budget
Expenditures:
$108.693 billion (2022 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$118.231 billion (2022 est.)
Currency
code:
EUR
name:
euro (EUR) [€]
Current account balance
$105.99 billion
Current account balance 2021:
$65.118 billion (2021 est.)
Current account balance 2022:
$48.427 billion (2022 est.)
Current account balance 2023:
$44.744 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
euros (EUR) per US dollar -
Exchange rates 2020:
0.876 (2020 est.)
Exchange rates 2021:
0.845 (2021 est.)
Exchange rates 2022:
0.95 (2022 est.)
Exchange rates 2023:
0.925 (2023 est.)
Exchange rates 2024:
0.924 (2024 est.)
Exports
$877.09 billion
Exports 2021:
$722.655 billion (2021 est.)
Exports 2022:
$763.233 billion (2022 est.)
Exports 2023:
$761.876 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
vaccines, packaged medicine, nitrogen compounds, integrated circuits, hormones (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
USA 28%, Germany 11%, UK 8%, Belgium 8%, China 7% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$4.82 billion
GDP - composition, by end use
Exports of goods and services:
135.1% (2023 est.)
Government consumption:
12.2% (2023 est.)
Household consumption:
26.8% (2023 est.)
Imports of goods and services:
-102.2% (2023 est.)
Investment in fixed capital:
23.2% (2023 est.)
Investment in inventories:
3.1% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
1.1% (2024 est.)
Industry:
30.8% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
61.8% (2024 est.)
GDP (official exchange rate)
$577.389 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$112,895
Gini Index coefficient - distribution of family income
31.4 (2017)
Gini Index coefficient - distribution of family income 2022:
29.9 (2022 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$457.66 billion
GNI per capita
$80,650
Gross domestic investment
18 % of GDP
Household income or consumption by percentage share
Highest 10%:
24.5% (2022 est.)
Lowest 10%:
3.6% (2022 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$622.47 billion
Imports 2021:
$500.334 billion (2021 est.)
Imports 2022:
$536.882 billion (2022 est.)
Imports 2023:
$580.399 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
aircraft, nitrogen compounds, vaccines, packaged medicine, integrated circuits (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
UK 20%, USA 17%, France 10%, China 7%, Germany 7% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-4.9% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
pharmaceuticals, chemicals, computer hardware and software, food products, beverages and brewing; medical devices
Inflation rate (consumer prices)
2.11%
Inflation rate (consumer prices) 2022:
7.8% (2022 est.)
Inflation rate (consumer prices) 2023:
6.3% (2023 est.)
Inflation rate (consumer prices) 2024:
2.1% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
2.857 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
2.89 million persons
Labor force - by occupation
agriculture:
3.85%
industry:
18.21%
services:
77.93%
Population below poverty line
14% (2021 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2022:
45.4% of GDP (2022 est.)
Real GDP (purchasing power parity)
$720 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$648.943 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$613.056 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$620.544 billion (2024 est.)
Real GDP growth rate
2.6%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
8.6% (2022 est.)
Real GDP growth rate 2023:
-5.5% (2023 est.)
Real GDP growth rate 2024:
1.2% (2024 est.)
Real GDP per capita
$133,437
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$124,500 (2022 est.)
Real GDP per capita 2023:
$115,500 (2023 est.)
Real GDP per capita 2024:
$115,300 (2024 est.)
Remittances
$656.41 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
0% of GDP (2021 est.)
Remittances 2022:
0.1% of GDP (2022 est.)
Remittances 2023:
0.1% of GDP (2023 est.)
Reserves of foreign exchange and gold
$12.7 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$13.039 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$12.905 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$12.698 billion (2024 est.)
Revenue (excl grants)
22 % of GDP
Tax revenue
17 % of GDP
Taxes and other revenues
16.8% (of GDP) (2022 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
4.63%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
4.6% (2022 est.)
Unemployment rate 2023:
4.3% (2023 est.)
Unemployment rate 2024:
4.4% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
11% (2024 est.)
Male:
11.2% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
11.1% (2024 est.)
Economic Rankings
GDP per Capita
#5
Exports
#9
Imports
#14
GDP (Nominal)
#25
GDP Growth Rate
#31
GDP (PPP)
#41
Reserves
#74
Inflation Rate
#111
Unemployment Rate
#114
Gini Index
#147
Quick Facts
Industries
pharmaceuticals, chemicals, computer hardware and software, food products, beverages and brewing; medical devices
Agricultural products
milk, barley, beef, wheat, potatoes, pork, oats, chicken, rapeseed, beans (2023)
Labor force
2.857 million (2024 est.)
Exports - partners
USA 28%, Germany 11%, UK 8%, Belgium 8%, China 7% (2023)
Imports - partners
UK 20%, USA 17%, France 10%, China 7%, Germany 7% (2023)
Exchange rates
euros (EUR) per US dollar -
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