Worlddata.info

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 2021 was at about 12.259 USD per capita. GDP in Ireland, on the other hand, reached USD 99.152 per capita, or 498.56 billion USD in the whole country. Ireland is therefore currently ranked 25 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 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 19.8% 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

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 2021

 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
GDP498.56 bn USD99,152.10 USD17,088.62 tn USD33,228.68 USD
Gross national product374.69 bn USD74,516.74 USD16,776.12 tn USD32,621.03 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 - 2021


Household debt and deficits 2021


 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
Gross debt278.94 bn USD55,474.91 USD15,068.26 tn USD29,300.11 USD
Budget deficit9.59 bn USD1,907.80 USD799.24 bn USD1,554.11 USD


Im- and Exports 2021

 Ireland
Total
Ireland
per capita
EU
Total
EU
per capita
Imports469.82 bn USD93,436.30 USD8,916.24 bn USD17,337.55 USD
Exports671.68 bn USD133,581.64 USD9,554.34 bn USD18,578.33 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 5 airlines in Ireland with further information and data
Ireland: Public HolidaysPublic holidays in Ireland 2022-2026Statutory and inofficial holidays in Ireland for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.