Ireland ranked 25/197 by economy size with a GDP of $609B and 4/197 by GDP per capita at $112,895. Ireland has $236B in government debt, with a debt-to-GDP ratio of 38.8%.
In 2024, Ireland made up 0.55% of the world's economy, compared to 0.15% in 1960.
Ireland GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $609,157,459,747 | 2.6% |
| 2023 | $567,372,737,459 | -2.54% |
| 2022 | $548,341,794,599 | 7.51% |
| 2021 | $530,394,123,830 | 16.3% |
| 2020 | $436,009,027,819 | 7.15% |
| 2019 | $407,211,793,801 | 4.97% |
| 2018 | $395,780,319,817 | 7.69% |
| 2017 | $348,355,212,569 | 10.1% |
| 2016 | $305,431,252,709 | 1.22% |
| 2015 | $302,101,388,556 | 24.6% |
| 2014 | $266,490,442,124 | 9.39% |
| 2013 | $242,924,245,719 | 2.19% |
| 2012 | $226,921,827,888 | -0.41% |
| 2011 | $240,975,871,047 | 1.61% |
| 2010 | $221,732,824,603 | 1.68% |
| 2009 | $236,443,115,854 | -5.1% |
| 2008 | $275,447,471,451 | -4.48% |
| 2007 | $270,079,279,420 | 5.31% |
| 2006 | $232,180,617,162 | 4.99% |
| 2005 | $211,876,989,656 | 5.74% |
| 2004 | $194,372,115,041 | 6.79% |
| 2003 | $164,670,771,260 | 3.01% |
| 2002 | $128,596,035,288 | 5.9% |
| 2001 | $109,346,669,230 | 5.31% |
| 2000 | $100,207,610,430 | 9.4% |
| 1999 | $98,893,958,263 | 10.5% |
| 1998 | $90,199,410,116 | 8.77% |
| 1997 | $82,856,648,758 | 11% |
| 1996 | $75,790,786,290 | 7.38% |
| 1995 | $69,139,823,232 | 9.63% |
| 1994 | $57,097,656,066 | 5.76% |
| 1993 | $52,417,477,614 | 2.69% |
| 1992 | $55,918,538,121 | 3.34% |
| 1991 | $49,787,501,584 | 1.93% |
| 1990 | $49,305,632,408 | 8.47% |
| 1989 | $39,238,392,678 | 5.81% |
| 1988 | $37,772,896,221 | 5.22% |
| 1987 | $33,920,518,493 | 4.66% |
| 1986 | $28,714,571,852 | -0.43% |
| 1985 | $21,270,013,326 | 3.09% |
| 1984 | $20,106,648,455 | 4.35% |
| 1983 | $20,766,047,764 | -0.24% |
| 1982 | $21,474,752,962 | 2.28% |
| 1981 | $20,670,190,138 | 3.33% |
| 1980 | $21,747,855,640 | 3.08% |
| 1979 | $18,319,334,300 | 3.07% |
| 1978 | $14,647,996,074 | 7.19% |
| 1977 | $11,248,340,431 | 8.21% |
| 1976 | $9,453,756,015 | 1.39% |
| 1975 | $9,483,808,362 | 5.66% |
| 1974 | $7,896,860,615 | 4.26% |
| 1973 | $7,481,173,066 | 4.72% |
| 1972 | $6,318,060,582 | 6.49% |
| 1971 | $5,098,250,287 | 3.47% |
| 1970 | $4,395,995,086 | 2.66% |
| 1969 | $3,902,721,632 | 5.86% |
| 1968 | $3,378,701,147 | 8.24% |
| 1967 | $3,445,739,915 | 5.79% |
| 1966 | $3,198,820,904 | 0.89% |
| 1965 | $3,035,655,794 | 1.93% |
| 1964 | $2,851,091,646 | 3.79% |
| 1963 | $2,505,073,358 | 4.74% |
| 1962 | $2,329,372,972 | 3.22% |
| 1961 | $2,151,772,980 | 5.02% |
| 1960 | $1,998,550,222 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/ireland | CC BY 
Ireland GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $112,895 | $133,437 |
| 2023 | $106,819 | $129,683 |
| 2022 | $105,191 | $138,523 |
| 2021 | $103,783 | $116,904 |
| 2020 | $86,514 | $97,800 |
| 2019 | $81,828 | $92,023 |
| 2018 | $80,804 | $86,299 |
| 2017 | $72,161 | $80,450 |
| 2016 | $64,130 | $73,013 |
| 2015 | $64,250 | $71,588 |
| 2014 | $57,215 | $52,641 |
| 2013 | $52,538 | $48,839 |
| 2012 | $49,336 | $46,726 |
| 2011 | $52,614 | $45,526 |
| 2010 | $48,624 | $43,212 |
| 2009 | $52,133 | $41,491 |
| 2008 | $61,353 | $44,169 |
| 2007 | $61,396 | $46,782 |
| 2006 | $54,329 | $44,223 |
| 2005 | $50,933 | $40,466 |
| 2004 | $47,754 | $38,729 |
| 2003 | $41,204 | $36,280 |
| 2002 | $32,705 | $35,222 |
| 2001 | $28,282 | $32,573 |
| 2000 | $26,335 | $30,216 |
| 1999 | $26,338 | $27,041 |
| 1998 | $24,295 | $25,094 |
| 1997 | $22,551 | $22,637 |
| 1996 | $20,836 | $20,482 |
| 1995 | $19,158 | $18,944 |
| 1994 | $15,903 | $17,011 |
| 1993 | $14,657 | $15,811 |
| 1992 | $15,714 | $15,116 |
| 1991 | $14,087 | $14,399 |
| 1990 | $14,031 | $13,743 |
| 1989 | $11,176 | - |
| 1988 | $10,716 | - |
| 1987 | $9,582 | - |
| 1986 | $8,112 | - |
| 1985 | $6,012 | - |
| 1984 | $5,692 | - |
| 1983 | $5,915 | - |
| 1982 | $6,161 | - |
| 1981 | $5,986 | - |
| 1980 | $6,372 | - |
| 1979 | $5,430 | - |
| 1978 | $4,400 | - |
| 1977 | $3,427 | - |
| 1976 | $2,920 | - |
| 1975 | $2,973 | - |
| 1974 | $2,517 | - |
| 1973 | $2,424 | - |
| 1972 | $2,080 | - |
| 1971 | $1,704 | - |
| 1970 | $1,487 | - |
| 1969 | $1,331 | - |
| 1968 | $1,159 | - |
| 1967 | $1,187 | - |
| 1966 | $1,107 | - |
| 1965 | $1,055 | - |
| 1964 | $995 | - |
| 1963 | $878 | - |
| 1962 | $821 | - |
| 1961 | $762 | - |
| 1960 | $707 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/ireland | CC BY
Ireland has a GDP per capita of $112,895, ranking 4/197, a GDP per capita based on purchasing power parity (PPP) of $133,437, ranking 4/197, and a median annual after tax income of $47,851, ranking 12/197.
Ireland GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 25 | 3 | 3 |
| 2023 | 26 | 4 | 3 |
| 2022 | 28 | 5 | 3 |
| 2021 | 26 | 4 | 3 |
| 2020 | 27 | 4 | 3 |
| 2019 | 31 | 6 | 4 |
| 2018 | 33 | 7 | 4 |
| 2017 | 34 | 8 | 4 |
| 2016 | 39 | 7 | 4 |
| 2015 | 37 | 8 | 6 |
| 2014 | 42 | 12 | 15 |
| 2013 | 44 | 16 | 16 |
| 2012 | 46 | 17 | 17 |
| 2011 | 43 | 14 | 18 |
| 2010 | 42 | 14 | 18 |
| 2009 | 38 | 11 | 20 |
| 2008 | 37 | 10 | 18 |
| 2007 | 33 | 10 | 17 |
| 2006 | 33 | 10 | 16 |
| 2005 | 31 | 9 | 15 |
| 2004 | 31 | 8 | 15 |
| 2003 | 32 | 7 | 15 |
| 2002 | 34 | 11 | 15 |
| 2001 | 37 | 11 | 16 |
| 2000 | 38 | 15 | 16 |
| 1999 | 36 | 16 | 20 |
| 1998 | 39 | 20 | 23 |
| 1997 | 43 | 23 | 27 |
| 1996 | 42 | 24 | 29 |
| 1995 | 43 | 24 | 31 |
| 1994 | 44 | 25 | 32 |
| 1993 | 44 | 27 | 32 |
| 1992 | 41 | 27 | 31 |
| 1991 | 41 | 28 | 33 |
| 1990 | 42 | 25 | 33 |
| 1989 | 47 | 28 | - |
| 1988 | 45 | 27 | - |
| 1987 | 47 | 29 | - |
| 1986 | 44 | 30 | - |
| 1985 | 51 | 35 | - |
| 1984 | 49 | 35 | - |
| 1983 | 49 | 35 | - |
| 1982 | 49 | 35 | - |
| 1981 | 51 | 35 | - |
| 1980 | 48 | 31 | - |
| 1979 | 49 | 34 | - |
| 1978 | 51 | 33 | - |
| 1977 | 52 | 35 | - |
| 1976 | 54 | 37 | - |
| 1975 | 51 | 35 | - |
| 1974 | 53 | 36 | - |
| 1973 | 49 | 34 | - |
| 1972 | 46 | 32 | - |
| 1971 | 48 | 32 | - |
| 1970 | 49 | 32 | - |
| 1969 | 49 | 24 | - |
| 1968 | 49 | 26 | - |
| 1967 | 44 | 24 | - |
| 1966 | 44 | 26 | - |
| 1965 | 44 | 23 | - |
| 1964 | 44 | 23 | - |
| 1963 | 46 | 23 | - |
| 1962 | 44 | 24 | - |
| 1961 | 44 | 23 | - |
| 1960 | 46 | 24 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/ireland | CC BY
Compared with 2000, in 2024 Ireland is ranked 25th out of 182 by GDP (up from 38th), 3rd by GDP per capita (up from 15th), and 3rd by GDP per capita PPP (up from 16th).
Economic indicators
Ireland
|
Rank | |
|---|---|---|
| Gross domestic product |
$609B
2024 |
25/197 |
| GDP growth |
2.6%
2023-2024 |
118/194 |
| GDP per capita |
$112,895
2024 |
4/197 |
| GDP per capita, PPP |
$133,437
2024 |
4/197 |
| Government debt |
$236B
2024 |
37/185 |
| Debt-to-GDP ratio |
38.8%
2024 |
138/185 |
| Government debt per person |
$43,766
2024 |
11/185 |
| Average annual personal income after taxes |
$47,851
2026 |
12/197 |
| Listed domestic companies |
43
2018 |
73/103 |
| Market capitalization of domestic companies |
$110B
2018 |
38/100 |
| Number of billionaires |
11
2025 |
32/78 |
| Billionaire frequency |
1 in 366,177
2025 |
14/78 |
| Income share by richest 10% |
24.1%
2023 |
137/169 |
| Income share by poorest 10% |
3.7%
2023 |
26/169 |
| Government expenditure, % of GDP |
22.3%
2024 |
139/195 |
| Consumer prices inflation |
2.11%
2023-2024 |
137/195 |
| Unemployment rate |
4.27%
2024 |
120/196 |
| Population |
5518360
|
120/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 22.3% | 38.8% | 4.09% |
| 2023 | 22.1% | 42.1% | 1.52% |
| 2022 | 20.6% | 43.2% | 1.67% |
| 2021 | 23.6% | 52.7% | -1.37% |
| 2020 | 26.7% | 57.1% | -4.87% |
| 2019 | 23.9% | 55.9% | 0.41% |
| 2018 | 24.7% | 61.4% | 0.09% |
| 2017 | 25.3% | 65.3% | -0.3% |
| 2016 | 27.5% | 72.7% | -0.76% |
| 2015 | 28.1% | 74% | -1.97% |
| 2014 | 36.6% | 101.4% | -3.52% |
| 2013 | 39.8% | 117.7% | -6.28% |
| 2012 | 42.3% | 118.9% | -8.42% |
| 2011 | 46.9% | 109.6% | -13.5% |
| 2010 | 64.9% | 86.2% | -32.1% |
| 2009 | 46.9% | 61.8% | -13.9% |
| 2008 | 41.6% | 42.5% | -7.03% |
| 2007 | 35.6% | 23.9% | 0.27% |
| 2006 | 33.6% | 23.7% | 2.78% |
| 2005 | 33% | 26.1% | 1.57% |
| 2004 | 32.8% | 28.1% | 1.3% |
| 2003 | 32.7% | 29.8% | 0.35% |
| 2002 | 32.9% | 30.9% | -0.52% |
| 2001 | 32.2% | 33.6% | 0.96% |
| 2000 | 30.6% | 36.4% | 4.86% |
| 1999 | 32.5% | 46.6% | 3.54% |
| 1998 | 34.2% | 51.4% | 2.07% |
| 1997 | 36.1% | 61.6% | 1.37% |
| 1996 | 38.5% | 69.8% | -0.2% |
| 1995 | 40.3% | 78.5% | -2.07% |
| 1994 | 44.2% | 88% | -1.82% |
| 1993 | 44.6% | 93.4% | -2.62% |
| 1992 | 46.8% | 90.6% | -2.84% |
| 1991 | 46.1% | 93.8% | -2.8% |
| 1990 | 44.6% | 92.7% | -2.69% |
| 1989 | 42.5% | 97.9% | -2.64% |
| 1988 | 48.2% | 106.5% | -4.62% |
| 1987 | 51.4% | 108.3% | -8.47% |
| 1986 | 52.9% | 107.2% | -10.5% |
| 1985 | 53.2% | 93% | -10.7% |
| 1984 | 52.7% | 90.2% | -9.43% |
| 1983 | 55.6% | 86.1% | -11.5% |
| 1982 | 56.7% | 73.5% | -13.1% |
| 1981 | 54.1% | 68.8% | -12.1% |
| 1980 | 53.7% | 64.6% | -11.1% |
| 1979 | 48.7% | 63.5% | -10% |
| 1978 | 46.2% | 50.6% | -8.27% |
| 1977 | 44.6% | 49.2% | -6.44% |
| 1976 | 47.8% | 51.7% | -7.34% |
| 1975 | 48.2% | 48.3% | -11.1% |
| 1974 | 44.3% | 43.5% | -6.96% |
| 1973 | 40.3% | 35.1% | -3.84% |
| 1972 | 41.5% | 37.3% | -3.23% |
| 1971 | 45.3% | 39.8% | -3.5% |
| 1970 | 44.1% | 41.7% | -3.64% |
| 1969 | 42.5% | 42.6% | -3.4% |
| 1968 | 40% | 44.7% | -2.72% |
| 1967 | 39.3% | 47.1% | -2.69% |
| 1966 | 36.9% | 47.7% | -2.26% |
| 1965 | 35.8% | 44.6% | -3.5% |
| 1964 | 34.8% | 43.1% | -3.35% |
| 1963 | 33.6% | 45.2% | -2.92% |
| 1962 | 31.7% | 44.5% | -2.91% |
| 1961 | 31.4% | 44.3% | -2.6% |
| 1960 | 29.1% | 44.9% | -1.97% |
| 1959 | 23.6% | 61.2% | -2.16% |
| 1958 | 26.5% | 62.8% | -4.3% |
| 1957 | 27.2% | 60.5% | -5.19% |
| 1956 | 24.8% | 58.2% | -3.23% |
| 1955 | 24.7% | 55.4% | -5.06% |
| 1954 | 26.2% | 52.8% | -5.28% |
| 1953 | 25.3% | 49.2% | -5.77% |
| 1952 | 25.9% | 45.6% | -7.84% |
| 1951 | 22.6% | 41.3% | -4.62% |
| 1950 | 25.9% | 38.7% | -5.21% |
| 1949 | 22.7% | 28.7% | -2.17% |
| 1948 | 20.8% | 27.2% | -1.29% |
| 1947 | 18.9% | 27.3% | -1.8% |
| 1946 | 18% | 28.1% | -0.43% |
| 1945 | 17.2% | 28.7% | -0.43% |
| 1944 | 17.4% | 29.4% | 0.39% |
| 1943 | 18% | 30.8% | -1.18% |
| 1942 | 19.8% | 33.6% | -2.48% |
| 1941 | 19.3% | 33.4% | -1.42% |
| 1940 | 19.5% | 36.2% | -0.15% |
| 1939 | 26.9% | 37.4% | -7.31% |
| 1938 | 20.8% | 31.2% | -0.92% |
| 1937 | 22.8% | 31.3% | -0.77% |
| 1936 | 21.8% | 31.4% | -0.19% |
| 1935 | - | - | - |
| 1934 | - | - | - |
| 1933 | 24.5% | 23.3% | 2.97% |
| 1932 | - | - | - |
| 1931 | 19% | - | -1.63% |
| 1930 | - | - | - |
| 1929 | 18.6% | 14.9% | -3.41% |
| 1928 | - | - | - |
| 1927 | - | - | - |
| 1926 | 18.3% | - | -1.95% |
Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1926–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/ireland | CC BY
This chart shows Ireland's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Ireland recorded a fiscal deficit in 35 of them, with an average annual deficit equal to 4.4% of GDP. In 2024, government spending reached $136B (22.3% of GDP), with a surplus of 4.09%.
The national debt reached $236B, ranking 37th out of 185 countries by total size, with a debt-to-GDP ratio of 38.8%, ranking 138th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 2.11% |
| 2023 | 6.3% |
| 2022 | 7.83% |
| 2021 | 2.34% |
| 2020 | -0.33% |
| 2019 | 0.94% |
| 2018 | 0.47% |
| 2017 | 0.36% |
| 2016 | 0.02% |
| 2015 | -0.33% |
| 2014 | 0.19% |
| 2013 | 0.52% |
| 2012 | 1.69% |
| 2011 | 2.55% |
| 2010 | -0.92% |
| 2009 | -4.45% |
| 2008 | 4.04% |
| 2007 | 4.89% |
| 2006 | 3.94% |
| 2005 | 2.46% |
| 2004 | 2.18% |
| 2003 | 3.49% |
| 2002 | 4.63% |
| 2001 | 4.85% |
| 2000 | 5.58% |
| 1999 | 1.63% |
| 1998 | 2.41% |
| 1997 | 1.54% |
| 1996 | 1.76% |
| 1995 | 2.52% |
| 1994 | 2.31% |
| 1993 | 1.47% |
| 1992 | 3.07% |
| 1991 | 3.21% |
| 1990 | 3.32% |
| 1989 | 4.09% |
| 1988 | 2.13% |
| 1987 | 3.16% |
| 1986 | 3.83% |
| 1985 | 5.4% |
| 1984 | 8.65% |
| 1983 | 10.4% |
| 1982 | 17.1% |
| 1981 | 20.4% |
| 1980 | 18.2% |
| 1979 | 13.3% |
| 1978 | 7.71% |
| 1977 | 13.5% |
| 1976 | 18% |
| 1975 | 20.9% |
| 1974 | 17% |
| 1973 | 11.4% |
| 1972 | 8.61% |
| 1971 | 8.96% |
| 1970 | 8.21% |
| 1969 | 7.42% |
| 1968 | 4.68% |
| 1967 | 3.18% |
| 1966 | 3.05% |
| 1965 | 4.99% |
| 1964 | 6.72% |
| 1963 | 2.45% |
| 1962 | 4.26% |
| 1961 | 2.76% |
| 1960 | 0.45% |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/ireland | CC BY
Over the past 20 years, Ireland has had an average annual inflation rate of 1.73%. In 2024, inflation was 2.11%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Ireland
|
Rank | |
|---|---|---|
|
Current account balance
|
$106B
2024 |
6/190 |
| Current account balance, % of GDP |
+17.4%
2024 |
5/190 |
| Goods imports |
$165B
2024 |
31/189 |
| Goods exports |
$356B
2024 |
21/189 |
| Service imports |
$467B
2024 |
4/189 |
| Service exports |
$526B
2024 |
3/189 |
| Imports of goods and services, % of GDP |
102.2%
2024 |
8/181 |
| Exports of goods and services, % of GDP |
144%
2024 |
4/193 |
Ireland top 10 trading partners
Ireland's biggest trading partner accounting for 34.5% of all exports and imports is the United States, with a trade balance between the two of -$105B: Ireland exports $124B worth of goods and services to the United States and imports $228B.
Below is the list of the top 10 trade partners of Ireland.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$352B | 34.5% | $124B | $228B | Chemicals & pharma | IT & IP services |
| 2 |
United Kingdom
|
$120B | 11.7% | $69B | $51B | IT & IP services | Business & finance services |
| 3 |
Germany
|
$70B | 6.85% | $47.7B | $22.3B | IT & IP services | Business & finance services |
| 4 |
Netherlands
|
$65.1B | 6.37% | $39.4B | $25.7B | Chemicals & pharma | Business & finance services |
| 5 |
France
|
$41.5B | 4.07% | $21.2B | $20.3B | IT & IP services | Machinery & equipment |
| 6 |
China
|
$40.4B | 3.95% | $20.7B | $19.7B | Machinery & equipment | Machinery & equipment |
| 7 |
Belgium
|
$34.3B | 3.36% | $23.7B | $10.6B | Chemicals & pharma | Business & finance services |
| 8 |
Italy
|
$26.1B | 2.55% | $18.6B | $7.44B | Chemicals & pharma | Business & finance services |
| 9 |
Japan
|
$23B | 2.25% | $18B | $5.08B | IT & IP services | Machinery & equipment |
| 10 |
Switzerland
|
$22.6B | 2.21% | $10.6B | $12B | IT & IP services | IT & IP services |
Top 10 exports
|
Ireland
|
Rank | |
|---|---|---|
| IT & IP services | $222B | 1/183 |
| Chemicals & pharma | $157B | 6/193 |
| Business & finance services | $101B | 6/188 |
| Machinery & equipment | $54.7B | 28/193 |
| Transport & tourism services | $19.2B | 32/188 |
| Animal & marine products | $10.4B | 17/192 |
| Processed food, beverages & tobacco | $8.48B | 30/192 |
| Raw materials & minerals | $4.32B | 79/193 |
| Manufacturing & construction services | $3.44B | 27/164 |
| Textiles & consumer goods | $2B | 60/193 |
Top 10 imports
|
Ireland
|
Rank | |
|---|---|---|
| Business & finance services | $196B | 2/188 |
| IT & IP services | $149B | 1/182 |
| Machinery & equipment | $66.2B | 32/193 |
| Chemicals & pharma | $33.9B | 22/193 |
| Transport & tourism services | $17.4B | 37/188 |
| Manufacturing & construction services | $12.4B | 5/163 |
| Raw materials & minerals | $12.2B | 46/193 |
| Textiles & consumer goods | $9.02B | 37/193 |
| Processed food, beverages & tobacco | $8.84B | 30/193 |
| Metals | $4.09B | 53/193 |
Economic freedom indices
|
Ireland
|
Rank | |
|---|---|---|
| Economic freedom | 83.3 | 3/197 |
| Property rights | 94.4 | 10/182 |
| Government integrity | 84 | 15/182 |
| Judicial effectiveness | 95.4 | 11/182 |
| Tax burden | 77.7 | 101/182 |
| Government spending | 85.9 | 43/180 |
| Fiscal health | 97 | 20/181 |
| Business freedom | 85.5 | 10/182 |
| Labor freedom | 61.3 | 42/182 |
| Monetary freedom | 79.3 | 24/180 |
| Trade freedom | 79.4 | 43/181 |
| Investment freedom | 90 | 5/181 |
| Financial freedom | 70 | 30/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 83.3 | 95.4 | 77.7 | 85.9 | 97 |
| 2025 | 83.1 | 95.5 | 77.6 | 85.1 | 95.8 |
| 2024 | 82.6 | 94.3 | 78 | 82.4 | 91.7 |
| 2023 | 82 | 82.8 | 78.4 | 80.5 | 86.8 |
| 2022 | 82 | 93 | 76.5 | 79.9 | 89 |
| 2021 | 81.4 | 72.4 | 76.6 | 81.1 | 93.1 |
| 2020 | 80.9 | 64.4 | 76.4 | 78.8 | 91.4 |
| 2019 | 80.5 | 68.4 | 76.3 | 77.4 | 89 |
| 2018 | 80.4 | 79 | 76.1 | 69.6 | 80.8 |
| 2017 | 76.7 | 78.3 | 72.7 | 57.1 | 60.3 |
| 2016 | 77.3 | - | 73.6 | 50.3 | - |
| 2015 | 76.6 | - | 73.6 | 45.6 | - |
| 2014 | 76.2 | - | 74 | 30.6 | - |
| 2013 | 75.7 | - | 73.8 | 28.8 | - |
| 2012 | 76.9 | - | 73.9 | 30.4 | - |
| 2011 | 78.7 | - | 72.1 | 47.1 | - |
| 2010 | 81.3 | - | 71.1 | 61.8 | - |
| 2009 | 82.2 | - | 69.2 | 64.9 | - |
| 2008 | 82.5 | - | 71.5 | 64.5 | - |
| 2007 | 82.6 | - | 71.7 | 65.9 | - |
| 2006 | 82.2 | - | 72 | 64.7 | - |
| 2005 | 80.8 | - | 72.6 | 64.5 | - |
| 2004 | 80.3 | - | 71.8 | 66.3 | - |
| 2003 | 80.9 | - | 69.4 | 66.3 | - |
| 2002 | 80.5 | - | 66.5 | 69.3 | - |
| 2001 | 81.2 | - | 63 | 71.2 | - |
| 2000 | 76.1 | - | 60.6 | 63.3 | - |
| 1999 | 74.6 | - | 55.9 | 53 | - |
| 1998 | 73.7 | - | 51.8 | 48.3 | - |
| 1997 | 72.6 | - | 49.9 | 41.1 | - |
| 1996 | 68.5 | - | 49.1 | 39 | - |
| 1995 | 68.5 | - | 49.1 | 38.7 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).
GeoRank.org/economy/ireland | CC BY
Ireland is ranked 3/174 for economic freedom with a score of 83.3, compared to 2/162 and a score of 82.2 in 2006.
Other economic metrics
|
Ireland
|
Rank | |
|---|---|---|
| Services, % of GDP |
60.6%
2024 |
70/191 |
| Industry, % of GDP |
33.6%
2024 |
42/194 |
| Agriculture, forestry, and fishing, % of GDP |
1.02%
2024 |
171/193 |
|
GNI, Atlas method
|
$435B
2024 |
36/194 |
| GNI per capita, PPP |
$101,180
2024 |
5/191 |
| Total reserves including gold |
$12.7B
2024 |
73/177 |
|
Net foreign direct investment
|
$62.3B
2024 |
3/189 |
|
Net inflows of foreign direct investment
|
$4.82B
2024 |
47/193 |
|
Net outflows of foreign direct investment
|
$67.1B
2024 |
9/193 |
| Poverty at national poverty lines |
14%
2021 |
137/176 |
|
Gross capital formation, % of GDP
|
18.2%
2024 |
139/178 |
Compare Ireland vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/ireland | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Public Finances in Modern History (1926–1989, retrieved 2026-02-20)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2022–2024, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.