Economy of Ireland
Population: 4.85 M (2018)
GDP per Capita: 78,806 USD (2018)
382,490 M.

GDP USD

(2018)

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467,880 M.

EXPORTS USD

(2018)

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341,120 M.

IMPORTS USD

(2018)

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58.80 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 8.17 % (2018)
GDP of 2010 USD USD 373.10 B. (2018)
GDP Current USD USD 382.49 B. (2018)
GDP per Capita Current USD USD 78,806 (2018)
GDP per capita, PPP USD 70,855 (2018)
GDP per Capita, 2010 USD USD 76,881 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.90 % (2018)
Government Spending USD 45.52 B. (2018)
Government Debt % GDP 58.80 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 111.79 (2018)
Trade Openness 211.51 % (2018)
Exports of Goods and Services % GDP 122.33 % (2018)
Exports Goods & Services USD 467.88 B. (2018)
Exports Annual Growth 10.40 % (2018)
Imports as % GDP 89.18 % (2018)
Total Imports USD 341.12 B. (2018)
Foreign Direct Investment % GDP 16.87 % (2018)
Foreign Direct Investment USD 64.54 B. (2018)
Current Account Balance % GDP USD 10.69 % (2018)
Current Account Balance USD 40.90 B. (2018)
Trade Balance % GDP 33.14 % (2018)
Trade Balance USD 127.12 B. (2018)
Foreign Exchange Reserves incl Gold USD 5.22 B. (2018)
Remittances % GDP 0.16 % (2018)
Remittances USD 5 M. (2011)
Balance of Payments USD 5,535 M. (2018)

Labor Market

Indicator Value
Labor Force 2.36 M. (2019)
Unemployment Rate 5.28 % (2019)
Unemployment Rate Females 4.67 % (2019)
Unemployment Rate Males 5.14 % (2019)
Youth Unemployment (ages 15-24) 12.02 % (2019)
Labor Force Participation Rate 61.10 % (2019)
Labor Force (Percent Female) 45.84 % (2019)
Female Labor Force Participation Rate 54.84 % (2019)
Male Labor Force Participation Rate 67.58 % (2019)
Dependent People 54.49 % (2018)

Agriculture Sector

Indicator Value
Forest Area 11.00 % (2016)
Forest Area km² 7,597 km² (2016)
Agricultural Land 64.54 % (2016)
Agricultural Land km² 44,460 km² (2016)
Employment 4.98 % (2019)
Value added % GDP 0.92 % (2018)
Agriculture Value added USD 3.51 B. (2018)
Crop Production Index 100.10 (2016)
Precipitation 1,118 mm (2014)
Arable Land 7 % (2016)
Cereal Yield 8,785 kg/hectare (2017)
Food production index 110 (2016)
Rural Population 37 % (2018)
Fertilizer use of Arable Land 1,248 kg/hectare (2016)
Livestock Production Index 111 (2016)
Economy of Ireland

According to the World Bank and its latest published data, the economy of the Ireland presents a growth rate of 8.17 % (2018) to the previous year.

With a population that reaches 4.85 M (2018) and a gross domestic product of USD 382.49 B. (2018), it translates a Gross Domestic Product per Capita of USD 78,806 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Ireland also has a workforce of 2.36 M. (2019) with an unemployment rate of 5.28 % (2019), where women represent 4.67 % (2019) and men 5.14 % (2019), the unemployment rate for young people between 15-24 years old stood at 12.02 % (2019). The total number of dependent people stands at 54.49 % (2018).

The central government spent 11.90 % (2018) of its gross domestic product that year, which in absolute terms is USD 45.52 B. (2018). Its consolidated public debt reached 58.80 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Ireland exported USD 467.88 B. (2018), which represents 122.33 % (2018) of its gross domestic product, in that same sense its imports reached USD 341.12 B. (2018) with a direct foreign investment of USD 64.54 B. (2018).

Ireland has a forest area of 7,597 km² (2016), which represents 11.00 % (2016) of its total area, an average rainfall of 1,118 mm (2014) per year and a population of 37 % (2018) living in rural areas. With a total area of 44,460 km² (2016) available for agriculture and 4.98 % (2019) of its employments, the agricultural sector contributes to the economy of the Ireland about USD 3.51 B. (2018) (0.92 % (2018) of its GDP).