Ireland's GDP changed from approximately $21B 425M in 1980 to $564B 20M in 2024, showing an overall 2532.5% sharply increased during the period.
The lowest GDP was recorded in 1984 at $19B 883M, and the highest in 2024 at $564B 20M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.7%.
For comparison, the average annual growth rate of United Kingdom was 4.1%, and that of Germany was 3.9%.
Ireland GDP from 1980 to 2024
The total market value of goods and services produced annually in Ireland.
Overview of Ireland's GDP (1980–2024)
The Gross Domestic Product (GDP) of Ireland recorded a 2532.5% sharply increased from 1980 to 2024.
The average GDP during this period was $185B 444M, and the median was $128B 505M.
GDP fluctuated within a range of $544B 137M, with a standard deviation of $161B 107M.
The average annual change was $11B 516M.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $19B 883M
- Highest GDP: 2024, $564B 20M
- Most Recent GDP: 2024, $564B 20M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Ireland's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $398B 977M → $428B 266M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $270B 112M → $236B 187M
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $100B 253M → $109B 347M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $82B 957M → $90B 305M
- Outcome: increased
Key Economic Indicators of Ireland (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 2.898 % | $ 21B 425M | $ 25B 233M | $ 6,251.85 | $ 7,362.90 | 15.30 % | 3M 427K people | -10.557 % | 0 % |
1981 | 2.512 % | $ 20B 423M | $ 28B 314M | $ 5,886.04 | $ 8,160.26 | 13.43 % | 3M 470K people | -12.631 % | 0 % |
1982 | 1.495 % | $ 21B 313M | $ 30B 513M | $ 6,077.80 | $ 8,701.51 | 15.98 % | 3M 507K people | -8.782 % | 0 % |
1983 | -0.729 % | $ 20B 618M | $ 31B 477M | $ 5,839.50 | $ 8,914.81 | 15.84 % | 3M 531K people | -5.602 % | 0 % |
1984 | 3.204 % | $ 19B 883M | $ 33B 658M | $ 5,591.50 | $ 9,465.02 | 15.51 % | 3M 556K people | -5.163 % | 0 % |
1985 | 1.947 % | $ 21B 168M | $ 35B 398M | $ 5,934.21 | $ 9,923.55 | 14.64 % | 3M 567K people | -3.271 % | 0 % |
1986 | 0.424 % | $ 28B 516M | $ 36B 264M | $ 7,992.70 | $ 10,164.54 | 14.74 % | 3M 568K people | -2.875 % | 0 % |
1987 | 3.641 % | $ 33B 659M | $ 38B 516M | $ 9,418.98 | $ 10,777.71 | 16.03 % | 3M 574K people | -0.261 % | 0 % |
1988 | 2.998 % | $ 36B 875M | $ 41B 69M | $ 10,364.70 | $ 11,543.73 | 15.54 % | 3M 558K people | 0.254 % | 0 % |
1989 | 5.614 % | $ 38B 30M | $ 45B 76M | $ 10,754.01 | $ 12,746.44 | 16.56 % | 3M 536K people | -1.299 % | 0 % |
1990 | 7.711 % | $ 48B 199M | $ 50B 369M | $ 13,644.02 | $ 14,258.10 | 19.34 % | 3M 533K people | -0.772 % | 0 % |
1991 | 1.642 % | $ 48B 840M | $ 52B 927M | $ 13,747.42 | $ 14,897.77 | 18.80 % | 3M 553K people | 0.696 % | 0 % |
1992 | 3.579 % | $ 54B 911M | $ 56B 71M | $ 15,331.03 | $ 15,654.83 | 16.73 % | 3M 582K people | 0.993 % | 0 % |
1993 | 2.314 % | $ 51B 364M | $ 58B 728M | $ 14,262 | $ 16,306.78 | 18.87 % | 3M 601K people | 3.563 % | 0 % |
1994 | 5.894 % | $ 55B 843M | $ 63B 518M | $ 15,454.48 | $ 17,578.58 | 19.10 % | 3M 613K people | 2.678 % | 0 % |
1995 | 9.593 % | $ 69B 260M | $ 71B 70M | $ 19,085.72 | $ 19,584.68 | 20.89 % | 3M 629K people | 2.478 % | 2.669 % |
1996 | 9.092 % | $ 75B 928M | $ 78B 951M | $ 20,780.22 | $ 21,607.65 | 22.77 % | 3M 654K people | 2.666 % | 3.795 % |
1997 | 10.747 % | $ 82B 957M | $ 88B 944M | $ 22,467.35 | $ 24,088.76 | 24.41 % | 3M 692K people | 2.348 % | 4.738 % |
1998 | 8.765 % | $ 90B 305M | $ 97B 827M | $ 24,201.14 | $ 26,216.98 | 24.46 % | 3M 731K people | 0.363 % | 5.111 % |
1999 | 10.53 % | $ 98B 993M | $ 109B 659M | $ 26,231.63 | $ 29,057.94 | 24.52 % | 3M 774K people | -0.115 % | 5.629 % |