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Indicators of economy in Ireland

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Ireland reached 85.268 US dollars per inhabitant, or 425.89 bn US Dollar in the whole country. Ireland is therefore currently ranked 27 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Ireland is in the list of the world's richest countries in place 3.

Inflation in Ireland was in 2021 at around 2.36%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 20.6% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Ireland

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Ireland in 2020 increased from 399.12 billion US Dollar to 425.89 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 6.7 percent increase has been rather unusual this year. While most countries have suffered significant losses, Ireland has certainly held its own. The tourism sector alone slumped by around 72 percent. The unemployment rate rose from 4.9 to 5.6 percent. The country's gross debt increased by 9.0%. The inflation rate has fallen from 0.9 percent previously to -0.3 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
GDP425.89 bn USD85,267.76 USD15,291.93 tn USD29,692.11 USD
Gross national product327.79 bn USD65,627.87 USD15,330.84 tn USD29,767.66 USD


Ireland ranked 17th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 18 of the 2000 largest listed companies in the world originate from Ireland. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:

Rank 131: Medtronic (Dublin)
Rank 169: Accenture (Dublin)
Rank 354: Eaton (Dublin)
Rank 357: Johnson Controls International (Cork)
Rank 402: Aon (Dublin)
Rank 535: Aptiv (Dublin)
Rank 612: Trane Technologies (Swords)
Rank 890: Seagate Technology (Dublin)
Rank 1050: Kerry Group (Tralee)
Rank 1135: Experian (Dublin)

Development of the Gross domestic product in billion US Dollar 1960 - 2020


Household debt and deficits 2021


 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
Gross debt278.94 bn USD55,847.05 USD15,068.26 tn USD29,257.82 USD
Budget deficit9.59 bn USD1,920.60 USD799.24 bn USD1,551.87 USD


Im- and Exports 2020

 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
Imports462.21 bn USD92,538.77 USD7,340.01 bn USD14,251.98 USD
Exports559.37 bn USD111,992.39 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 2005 - 2020

Exports
Imports



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