Source: world bank Nominal/PPP
Summary:
Ireland GDP Per Capita expanded from 1960 to 2024, increasing from $2.00 to $609.16 .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.
Ireland Economic Phases (1960 - 2024)
From 1960 to 2024, Ireland economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1967) indicating robust economic expansion
- High Growth (1969–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1983–1984) indicating temporary slowdown
- High Growth (1985–1988) indicating robust economic expansion
- High Growth (1994–1999) indicating robust economic expansion
- High Growth (2001–2007) indicating robust economic expansion
- High Growth (2013–2015) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2020–2021) indicating robust economic expansion
- Expansion (2022–2023) indicating steady moderate growth
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 35%, while the largest decline was in 2009 at -14.16%.