GDP growth (annual) · Ireland
Ireland GNP YoY Final
The Ireland GNP YoY Final measures how much the economy of Ireland grew compared with the same period a year earlier.
- Importance
- Low
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Central Bank of Ireland)
Latest figures
The latest release for Q1, published on 8 July 2025, came in at -3.9%, down from -1.8% the time before (revised).
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 8 Jul 2025 | Q1 | -3.9% | – | -1.8% ® |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and the European Central Bank (with the Central Bank of Ireland)'s view of how much spare capacity the economy has.
How it is calculated
the Central Statistics Office (CSO) compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
Questions
What is the Ireland GNP YoY Final?
The Ireland GNP YoY Final measures how much the economy of Ireland grew compared with the same period a year earlier.
What was the latest Ireland GNP YoY Final?
-3.9% for Q1, published on 8 July 2025.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.