Economic Trivia

Ireland is a trade-dependent economy which was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2018): United States, United Kingdom, and Germany
Top 3 Exported Goods (2018): Pharmaceuticals, Organic Chemicals, and Precision Instruments

Top Industries Source: CIA World Factbook

Pharmaceuticals; Chemicals; Computer Hardware and Software; Food Products

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $411,091,813,767 (2018)
GDP Growth Rate (annual %) 8.17% (2018)
GDP Per Capita, PPP (current international) $84,460 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 49/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.939% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 26.1% (2019)
Real Interest Rate (5 year average %) 10.254% (2016)
Manufacturing, value added (% of GDP) 32.391% (2018)
Current Account Balance (BoP, current US$) ($44,933,860,212) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,411,303 (2019)
Employment in Agriculture (% of total employment) 4.619% (2019)
Employment in Industry (% of total employment) 18.702% (2019)
Employment in Services (% of total employment) 76.679% (2019)
Unemployment Rate 4.928% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $341,121,426,942 (2018)
Exports of goods and services (current US$) $467,881,973,573 (2018)
Total Merchandise Trade (% of GDP) 71.234% (2018)
FDI, net inflows (BoP, current US$) ($79,268,914,357) (2019)
Commercial Service Exports (current US$) $212,208,153,772 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Ireland’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank