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%.
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.
Ireland GDP from 1980 to 2024
The total market value of goods and services produced annually in Ireland.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 21B 425M | $ 6,251.85 | $ 7,362.90 | $ 25B 233M | 2.898 % | -10.557 % | 15.30 % | 0 % | 3M 427K people |
1981 | $ 20B 423M | $ 5,886.04 | $ 8,160.26 | $ 28B 314M | 2.512 % | -12.631 % | 13.43 % | 0 % | 3M 470K people |
1982 | $ 21B 313M | $ 6,077.80 | $ 8,701.51 | $ 30B 513M | 1.495 % | -8.782 % | 15.98 % | 0 % | 3M 507K people |
1983 | $ 20B 618M | $ 5,839.50 | $ 8,914.81 | $ 31B 477M | -0.729 % | -5.602 % | 15.84 % | 0 % | 3M 531K people |
1984 | $ 19B 883M | $ 5,591.50 | $ 9,465.02 | $ 33B 658M | 3.204 % | -5.163 % | 15.51 % | 0 % | 3M 556K people |
1985 | $ 21B 168M | $ 5,934.21 | $ 9,923.55 | $ 35B 398M | 1.947 % | -3.271 % | 14.64 % | 0 % | 3M 567K people |
1986 | $ 28B 516M | $ 7,992.70 | $ 10,164.54 | $ 36B 264M | 0.424 % | -2.875 % | 14.74 % | 0 % | 3M 568K people |
1987 | $ 33B 659M | $ 9,418.98 | $ 10,777.71 | $ 38B 516M | 3.641 % | -0.261 % | 16.03 % | 0 % | 3M 574K people |
1988 | $ 36B 875M | $ 10,364.70 | $ 11,543.73 | $ 41B 69M | 2.998 % | 0.254 % | 15.54 % | 0 % | 3M 558K people |
1989 | $ 38B 30M | $ 10,754.01 | $ 12,746.44 | $ 45B 76M | 5.614 % | -1.299 % | 16.56 % | 0 % | 3M 536K people |
1990 | $ 48B 199M | $ 13,644.02 | $ 14,258.10 | $ 50B 369M | 7.711 % | -0.772 % | 19.34 % | 0 % | 3M 533K people |
1991 | $ 48B 840M | $ 13,747.42 | $ 14,897.77 | $ 52B 927M | 1.642 % | 0.696 % | 18.80 % | 0 % | 3M 553K people |
1992 | $ 54B 911M | $ 15,331.03 | $ 15,654.83 | $ 56B 71M | 3.579 % | 0.993 % | 16.73 % | 0 % | 3M 582K people |
1993 | $ 51B 364M | $ 14,262 | $ 16,306.78 | $ 58B 728M | 2.314 % | 3.563 % | 18.87 % | 0 % | 3M 601K people |
1994 | $ 55B 843M | $ 15,454.48 | $ 17,578.58 | $ 63B 518M | 5.894 % | 2.678 % | 19.10 % | 0 % | 3M 613K people |
1995 | $ 69B 260M | $ 19,085.72 | $ 19,584.68 | $ 71B 70M | 9.593 % | 2.478 % | 20.89 % | 2.669 % | 3M 629K people |
1996 | $ 75B 928M | $ 20,780.22 | $ 21,607.65 | $ 78B 951M | 9.092 % | 2.666 % | 22.77 % | 3.795 % | 3M 654K people |
1997 | $ 82B 957M | $ 22,467.35 | $ 24,088.76 | $ 88B 944M | 10.747 % | 2.348 % | 24.41 % | 4.738 % | 3M 692K people |
1998 | $ 90B 305M | $ 24,201.14 | $ 26,216.98 | $ 97B 827M | 8.765 % | 0.363 % | 24.46 % | 5.111 % | 3M 731K people |
1999 | $ 98B 993M | $ 26,231.63 | $ 29,057.94 | $ 109B 659M | 10.53 % | -0.115 % | 24.52 % | 5.629 % | 3M 774K people |
