[ Nominal GDP in billions of USD ]
Year -
$609.16 billions
Ireland GDP expanded from 1960 to 2024, increasing from $2.00 billion to $609.16 billion.The compound annual growth rate (CAGR) averaged 9.35% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 19.5%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 609.16 Billions | $ 720.00 Int Billions |
| Growth (YoY) | 7.365% | 4.528% |
| Net Change vs Previous Year | $ 41.78 Billion | $ 31.19 Int Billion |
| % of World GDP | 0.55% | 0.36% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 2 | - | - | - | - | - |
| 1961 | 2.15 | 0.15 | 7.667 % | - | - | - |
| 1962 | 2.33 | 0.18 | 8.254 % | - | - | - |
| 1963 | 2.51 | 0.18 | 7.543 % | - | - | - |
| 1964 | 2.85 | 0.35 | 13.813 % | - | - | - |
| 1965 | 3.04 | 0.18 | 6.473 % | - | - | - |
| 1966 | 3.2 | 0.16 | 5.375 % | - | - | - |
| 1967 | 3.45 | 0.25 | 7.719 % | - | - | - |
| 1968 | 3.38 | -0.07 | -1.946 % | - | - | - |
| 1969 | 3.9 | 0.52 | 15.51 % | - | - | - |
| 1970 | 4.4 | 0.49 | 12.639 % | - | - | - |
| 1971 | 5.1 | 0.7 | 15.975 % | - | - | - |
| 1972 | 6.32 | 1.22 | 23.926 % | - | - | - |
| 1973 | 7.48 | 1.16 | 18.409 % | - | - | - |
| 1974 | 7.9 | 0.42 | 5.556 % | - | - | - |
| 1975 | 9.48 | 1.59 | 20.096 % | - | - | - |
| 1976 | 9.45 | -0.03 | -0.317 % | - | - | - |
| 1977 | 11.25 | 1.79 | 18.983 % | - | - | - |
| 1978 | 14.65 | 3.4 | 30.224 % | - | - | - |
| 1979 | 18.32 | 3.67 | 25.064 % | - | - | - |
| 1980 | 21.75 | 3.43 | 18.715 % | - | - | - |
| 1981 | 20.67 | -1.08 | -4.955 % | - | - | - |
| 1982 | 21.47 | 0.8 | 3.892 % | - | - | - |
| 1983 | 20.77 | -0.71 | -3.3 % | - | - | - |
| 1984 | 20.11 | -0.66 | -3.175 % | - | - | - |
| 1985 | 21.27 | 1.16 | 5.786 % | - | - | - |
| 1986 | 28.71 | 7.44 | 35 % | - | - | - |
| 1987 | 33.92 | 5.21 | 18.13 % | - | - | - |
| 1988 | 37.77 | 3.85 | 11.357 % | - | - | - |
| 1989 | 39.24 | 1.47 | 3.88 % | - | - | - |
| 1990 | 49.31 | 10.07 | 25.657 % | 48.29 | - | - |
| 1991 | 49.79 | 0.48 | 0.977 % | 50.89 | 2.6 | 5.377 % |
| 1992 | 55.92 | 6.13 | 12.314 % | 53.79 | 2.9 | 5.698 % |
| 1993 | 52.42 | -3.5 | -6.261 % | 56.55 | 2.76 | 5.127 % |
| 1994 | 57.1 | 4.68 | 8.929 % | 61.08 | 4.53 | 8.014 % |
| 1995 | 69.14 | 12.04 | 21.09 % | 68.37 | 7.29 | 11.933 % |
| 1996 | 75.79 | 6.65 | 9.62 % | 74.5 | 6.14 | 8.975 % |
| 1997 | 82.86 | 7.07 | 9.323 % | 83.17 | 8.67 | 11.64 % |
| 1998 | 90.2 | 7.34 | 8.862 % | 93.17 | 9.99 | 12.014 % |
| 1999 | 98.89 | 8.69 | 9.639 % | 101.53 | 8.37 | 8.982 % |
| 2000 | 100.21 | 1.31 | 1.328 % | 114.98 | 13.44 | 13.239 % |
| 2001 | 109.35 | 9.14 | 9.12 % | 125.94 | 10.96 | 9.532 % |
| 2002 | 128.6 | 19.25 | 17.604 % | 138.49 | 12.55 | 9.969 % |
| 2003 | 164.67 | 36.07 | 28.053 % | 145 | 6.5 | 4.697 % |
| 2004 | 194.37 | 29.7 | 18.037 % | 157.64 | 12.64 | 8.719 % |
| 2005 | 211.88 | 17.5 | 9.006 % | 168.34 | 10.7 | 6.786 % |
| 2006 | 232.18 | 20.3 | 9.583 % | 188.99 | 20.65 | 12.269 % |
| 2007 | 270.08 | 37.9 | 16.323 % | 205.79 | 16.8 | 8.891 % |
| 2008 | 275.45 | 5.37 | 1.988 % | 198.3 | -7.49 | -3.641 % |
| 2009 | 236.44 | -39 | -14.16 % | 188.18 | -10.12 | -5.103 % |
| 2010 | 221.73 | -14.71 | -6.221 % | 197.05 | 8.87 | 4.716 % |
| 2011 | 240.98 | 19.24 | 8.678 % | 208.51 | 11.46 | 5.814 % |
| 2012 | 226.92 | -14.05 | -5.832 % | 214.92 | 6.41 | 3.073 % |
| 2013 | 242.92 | 16 | 7.052 % | 225.82 | 10.9 | 5.073 % |
| 2014 | 266.49 | 23.57 | 9.701 % | 245.19 | 19.37 | 8.576 % |
| 2015 | 302.1 | 35.61 | 13.363 % | 336.6 | 91.42 | 37.285 % |
| 2016 | 305.43 | 3.33 | 1.102 % | 347.74 | 11.13 | 3.308 % |
| 2017 | 348.36 | 42.92 | 14.054 % | 388.37 | 40.63 | 11.684 % |
| 2018 | 395.78 | 47.43 | 13.614 % | 422.7 | 34.33 | 8.839 % |
| 2019 | 407.21 | 11.43 | 2.888 % | 457.95 | 35.25 | 8.339 % |
| 2020 | 436.01 | 28.8 | 7.072 % | 492.89 | 34.94 | 7.63 % |
| 2021 | 530.39 | 94.39 | 21.648 % | 597.45 | 104.56 | 21.214 % |
| 2022 | 548.34 | 17.95 | 3.384 % | 722.1 | 124.65 | 20.864 % |
| 2023 | 567.37 | 19.03 | 3.471 % | 688.81 | -33.28 | -4.609 % |
| 2024 | 609.16 | 41.78 | 7.365 % | 720 | 31.19 | 4.528 % |
Between 1960 to 2024, Ireland experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 35%, while the largest decline was in 2009 at -14.16%.