Share the statistic on social media channels or embed the statistic in your website using "Embed Code", where available.
Share chart
Embed chart Embed copied!Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook
The GDP growth rate in the context of the World Development Indicators (WDI) refers to the annual percentage increase or decrease in a country's Gross Domestic Product (GDP), adjusted for inflation. The WDI is a comprehensive database maintained by the World Bank that tracks various economic, social, and environmental development indicators across the globe.
Key Takeaways
Ireland GDP Growth (1961-2023)
Ireland's GDP growth reveals substantial volatility influenced by global trends. The late 1990s saw an "economic miracle," with growth reaching 11% in 1997 due to tech industry expansion. The 2008 global financial crisis hit hard, with a GDP decline of -5.1% in 2009, but recovery was swift by 2014, peaking at an extraordinary 24.5% in 2015, largely due to multinational corporate tax strategies. Ireland’s economy remained resilient, posting 15.1% growth in 2021, though challenges brought a contraction of -3.2% in 2023.
Connect with our expert team for immediate assistance or comprehensive market analysis. We are always ready to support your business needs.
