Worlddata.info

Indicators of economy in Ireland

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Ireland, on the other hand, reached USD 100,172 per capita, or 504.18 billion USD for the whole country. Ireland is therefore currently ranked 25 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Ireland ranks 3rd in the list of the richest countries.

Inflation in Ireland in 2021 was around 2.36%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 19.8 percent higher.
The index for perceived corruption in the public sector is 74, which is above average by global standards.


Back to overview: Ireland

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Ireland in 2020 increased from 399.32 billion US dollars to 425.85 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 6.6 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 percent. The inflation rate fell from 0.9 percent previously to -0.3 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
GDP504.18 bn USD100,172.08 USD17.177 tn USD33,384.92 USD
Gross national product383.08 bn USD76,111.91 USD16.895 tn USD32,835.37 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. Out of the 2,000 largest listed companies in the world, 21 originate from Ireland. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 167: Medtronic (Dublin)
Rank 184: Accenture (Dublin)
Rank 353: CRH (Rathfarnham)
Rank 398: Eaton (Dublin)
Rank 400: Johnson Controls International (Cork)
Rank 554: Aon (Dublin)
Rank 703: Trane Technologies (Dublin)
Rank 867: Bank of Ireland (Dublin)
Rank 906: Seagate Technology (Dublin)
Rank 959: Aptiv (Dublin)

Development of gross domestic product in billions of USD 1960 - 2021


Household debt and deficits 2021


 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
Gross debt278.94 bn USD55,420.52 USD15.068 tn USD29,285.70 USD
Budget deficit9.59 bn USD1,905.93 USD799.24 bn USD1,553.35 USD


Imports and Exports 2021

 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
Imports469.82 bn USD93,344.68 USD8.916 tn USD17,329.02 USD
Exports671.68 bn USD133,450.67 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2005 - 2021

Exports
Imports



Ireland: AirportsLargest airports and airlines in IrelandThe 12 biggest airports and 6 airlines in Ireland with further information and data with further information on airlines and destinations
Ireland: Public HolidaysPublic holidays in Ireland 2023-2027Statutory and inofficial holidays in Ireland for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.