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Economy of Ireland vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Ireland has a GDP of $577B compared to $115B for Uzbekistan, ranking 26/197 and 66/197 by economy size, respectively.

Ireland has $237B in government debt (36.7% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Ireland
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Ireland Uzbekistan
Current $ Constant $ Current $ Constant $
1960 $1,998,550,222 $24,135,304,212 - -
1961 $2,151,772,980 $25,345,971,888 - -
1962 $2,329,372,972 $26,161,210,989 - -
1963 $2,505,073,358 $27,402,464,757 - -
1964 $2,851,091,646 $28,439,911,537 - -
1965 $3,035,655,794 $28,989,783,007 - -
1966 $3,198,820,904 $29,248,688,585 - -
1967 $3,445,739,915 $30,940,931,207 - -
1968 $3,378,701,147 $33,491,679,547 - -
1969 $3,902,721,632 $35,455,583,097 - -
1970 $4,395,995,086 $36,398,889,273 - -
1971 $5,098,250,287 $37,661,889,497 - -
1972 $6,318,060,582 $40,106,073,853 - -
1973 $7,481,173,066 $41,999,654,025 - -
1974 $7,896,860,615 $43,788,935,191 - -
1975 $9,483,808,362 $46,265,920,023 - -
1976 $9,453,756,015 $46,911,240,716 - -
1977 $11,248,340,431 $50,763,263,747 - -
1978 $14,647,996,074 $54,411,482,150 - -
1979 $18,319,334,300 $56,083,566,026 - -
1980 $21,747,855,640 $57,810,564,161 - -
1981 $20,670,190,138 $59,732,889,691 - -
1982 $21,474,754,080 $61,096,872,066 - -
1983 $20,766,047,764 $60,947,611,497 - -
1984 $20,106,648,455 $63,601,496,993 - -
1985 $21,270,013,326 $65,563,994,971 - -
1986 $28,714,571,852 $65,283,164,433 - -
1987 $33,920,518,493 $68,327,377,194 $8,523,160,593 $28,089,418,035
1988 $37,772,897,421 $71,892,299,777 $10,722,799,639 $30,656,392,613
1989 $39,238,392,678 $76,072,060,855 $11,948,815,258 $31,604,071,830
1990 $49,305,632,408 $82,512,722,627 $13,362,340,338 $32,109,736,981
1991 $49,787,502,852 $84,104,920,354 $13,800,167,712 $31,951,757,074
1992 $55,918,538,121 $86,916,779,429 $12,953,801,760 $28,373,160,282
1993 $52,417,477,614 $89,257,108,591 $13,099,920,056 $27,720,577,595
1994 $57,097,656,066 $94,394,592,358 $12,899,074,922 $26,279,107,562
1995 $69,139,823,232 $103,488,966,796 $13,350,461,265 $26,042,595,592
1996 $75,790,785,030 $111,126,062,335 $13,948,892,216 $26,485,319,718
1997 $82,856,648,758 $123,374,112,120 $14,744,603,774 $27,862,556,343
1998 $90,199,410,116 $134,189,242,521 $14,988,971,211 $29,060,646,266
1999 $98,893,958,263 $148,319,214,947 $17,078,465,982 $30,310,254,055
2000 $100,207,610,430 $162,266,448,874 $13,760,513,969 $31,472,652,299
2001 $109,346,669,230 $170,876,017,448 $11,401,421,329 $32,783,122,633
2002 $128,596,035,288 $180,956,619,890 $9,687,788,513 $34,085,756,140
2003 $164,670,771,260 $186,410,359,135 $10,134,453,435 $35,528,479,188
2004 $194,372,115,041 $199,064,153,315 $12,030,023,548 $38,174,995,818
2005 $211,876,989,656 $210,490,003,080 $14,307,509,839 $40,828,160,774
2006 $232,180,617,162 $220,988,938,813 $17,330,833,853 $43,870,437,889
2007 $270,079,279,420 $232,723,709,425 $22,311,393,928 $48,026,286,798
2008 $275,447,471,451 $222,288,216,395 $29,549,438,884 $52,362,657,564
2009 $236,443,117,248 $210,960,893,946 $33,689,223,673 $56,578,340,213
2010 $221,985,621,538 $214,511,307,293 $49,765,676,402 $60,876,691,748
2011 $241,337,364,610 $218,048,113,964 $60,178,909,297 $65,457,747,965
2012 $227,270,922,957 $217,178,188,158 $67,517,349,212 $70,106,848,439
2013 $243,301,556,085 $221,939,116,699 $73,180,037,915 $75,222,229,948
2014 $266,787,238,499 $242,659,427,540 $80,845,385,809 $80,392,884,506
2015 $302,391,428,540 $302,391,428,540 $86,196,264,755 $86,196,264,755
2016 $305,733,136,181 $306,088,582,543 $86,138,288,644 $91,309,557,165
2017 $348,532,394,024 $336,849,347,915 $69,703,222,283 $95,322,862,969
2018 $395,461,216,460 $362,262,415,223 $58,695,899,092 $100,622,047,496
2019 $407,124,824,065 $380,522,433,254 $67,293,639,798 $107,444,145,840
2020 $436,555,518,400 $407,759,843,938 $66,443,265,418 $109,123,866,128
2021 $531,306,516,908 $474,043,708,272 $77,340,060,003 $117,891,622,987
2022 $548,570,250,342 $514,903,922,090 $90,095,926,567 $124,966,702,851
2023 $551,394,889,340 $486,429,697,154 $102,641,879,249 $132,828,878,428
2024 $577,389,475,010 $492,370,629,886 $114,965,293,467 $141,462,755,525

Economic indicators

Ireland Uzbekistan
Gross domestic product
$577B
2024
$115B
2024
GDP rank
26/197
2024
66/197
2024
GDP growth
4.71%
2023-2024
12%
2023-2024
GDP per capita
$107,316
2024
$3,162
2024
GDP per capita rank
4/197
2024
139/197
2024
GDP per capita, PPP
$131,175
2024
$11,879
2024
Government debt
$237B
2024
$37.5B
2024
Debt-to-GDP ratio
36.7%
2025
33%
2025
Government debt per person
$44,121
2024
$1,032
2024
Government debt per person rank
11/185
2024
142/185
2024
Average annual personal income after taxes
$44,579
2025
$3,203
2025
Market capitalization of domestic companies
$110B
2018
$18.8B
2024
Number of billionaires
11
2025
n/a
Income share by richest 10%
24.1%
2023
25.7%
2024
Income share by poorest 10%
3.7%
2023
2.3%
2024
Government expenditure, % of GDP
23.9%
2025
27.8%
2025
Consumer prices inflation
2.11%
2023-2024
9.1%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
4.27%
2024
5.29%
2020
Population
5474763
37592263

GDP per capita in Ireland vs Uzbekistan

Ireland's GDP per capita is $107,316, ranking 4/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Ireland ranks 4th at $131,175, while Uzbekistan ranks 123rd at $11,879.

Ireland
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Ireland Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $707 - - -
1961 $762 - - -
1962 $821 - - -
1963 $878 - - -
1964 $995 - - -
1965 $1,055 - - -
1966 $1,107 - - -
1967 $1,187 - - -
1968 $1,159 - - -
1969 $1,331 - - -
1970 $1,487 - - -
1971 $1,704 - - -
1972 $2,080 - - -
1973 $2,424 - - -
1974 $2,517 - - -
1975 $2,973 - - -
1976 $2,920 - - -
1977 $3,427 - - -
1978 $4,400 - - -
1979 $5,430 - - -
1980 $6,372 - - -
1981 $5,986 - - -
1982 $6,161 - - -
1983 $5,915 - - -
1984 $5,692 - - -
1985 $6,012 - - -
1986 $8,112 - - -
1987 $9,582 - $450 -
1988 $10,716 - $551 -
1989 $11,176 - $598 -
1990 $14,031 $13,734 $653 $2,665
1991 $14,087 $14,389 $658 $2,676
1992 $15,714 $15,106 $603 $2,371
1993 $14,657 $15,801 $596 $2,318
1994 $15,903 $17,000 $574 $2,197
1995 $19,158 $18,932 $583 $2,178
1996 $20,836 $20,474 $597 $2,214
1997 $22,551 $22,632 $621 $2,329
1998 $24,295 $25,092 $621 $2,418
1999 $26,338 $27,041 $698 $2,522
2000 $26,335 $30,209 $555 $2,644
2001 $28,282 $32,577 $454 $2,782
2002 $32,705 $35,222 $381 $2,902
2003 $41,204 $36,285 $394 $3,047
2004 $47,754 $38,734 $462 $3,321
2005 $50,933 $40,466 $543 $3,618
2006 $54,329 $44,232 $649 $3,956
2007 $61,396 $46,784 $824 $4,386
2008 $61,353 $44,169 $1,075 $4,800
2009 $52,133 $41,470 $1,206 $5,135
2010 $48,679 $43,217 $1,753 $5,505
2011 $52,693 $45,526 $2,088 $5,949
2012 $49,412 $46,726 $2,307 $6,168
2013 $52,619 $48,839 $2,462 $6,413
2014 $57,278 $52,641 $2,675 $6,610
2015 $64,312 $71,607 $2,803 $6,800
2016 $64,193 $73,013 $2,753 $6,919
2017 $72,198 $80,450 $2,191 $7,818
2018 $80,739 $86,299 $1,813 $8,129
2019 $81,810 $92,023 $2,041 $8,544
2020 $86,623 $97,800 $1,978 $8,452
2021 $103,962 $116,904 $2,259 $9,248
2022 $105,235 $136,104 $2,579 $10,293
2023 $103,888 $124,901 $2,879 $11,107
2024 $107,316 $131,175 $3,162 $11,879

Spending and national debt comparison

In 2024, Ireland's government spending was $135B, accounting for 23.9% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 36.7% in Ireland and 33% in Uzbekistan, ranking 143/185 and 155/185, respectively.

Ireland
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Ireland Uzbekistan
Government spending Government debt Government spending Government debt
1960 29.1% 44.9% - -
1961 31.4% 44.3% - -
1962 31.7% 44.5% - -
1963 33.6% 45.2% - -
1964 34.8% 43.1% - -
1965 35.8% 44.6% - -
1966 36.9% 47.7% - -
1967 39.3% 47.1% - -
1968 40% 44.7% - -
1969 42.5% 42.6% - -
1970 44.1% 41.7% - -
1971 45.3% 39.8% - -
1972 41.5% 37.3% - -
1973 40.3% 35.1% - -
1974 44.3% 43.5% - -
1975 48.2% 48.3% - -
1976 47.8% 51.7% - -
1977 44.6% 49.2% - -
1978 46.2% 50.6% - -
1979 48.7% 63.5% - -
1980 53.7% 64.6% - -
1981 54.1% 68.8% - -
1982 56.7% 73.5% - -
1983 55.6% 86.1% - -
1984 52.7% 90.2% - -
1985 53.2% 93% - -
1986 52.9% 107.2% - -
1987 51.4% 108.3% - -
1988 48.2% 106.5% - -
1989 42.5% 97.9% - -
1990 44.6% 92.7% - -
1991 46.1% 93.8% - -
1992 46.8% 90.6% 18% -
1993 44.6% 93.4% 39.6% -
1994 44.2% 88% 27.1% -
1995 40.3% 78.5% 29.4% -
1996 38.5% 69.8% 35.1% -
1997 36.1% 61.6% 31.8% 15.3%
1998 34.2% 51.4% 35.1% 18%
1999 32.5% 46.6% 33.6% 18.4%
2000 30.6% 36.4% 32.9% 29.5%
2001 32.2% 33.6% 30.6% 44.8%
2002 32.9% 30.9% 34.6% 41.6%
2003 32.7% 29.8% 31.5% 31.4%
2004 32.8% 28.1% 29.4% 26.9%
2005 33% 26.1% 28.1% 21%
2006 33.6% 23.7% 24.7% 13.5%
2007 35.6% 23.9% 24.8% 9.56%
2008 41.6% 42.5% 26.5% 8.33%
2009 46.9% 61.8% 27.5% 7.3%
2010 64.9% 86.1% 26.4% 6.61%
2011 46.8% 109.4% 23.7% 6.33%
2012 42.2% 118.7% 23.9% 6.76%
2013 39.8% 117.5% 25.2% 6.23%
2014 36.5% 101.3% 24.9% 6.09%
2015 28% 74% 24.6% 6.72%
2016 27.5% 72.6% 23.3% 8.19%
2017 25.3% 65.2% 19.9% 17.3%
2018 24.8% 61.5% 22.2% 17.5%
2019 23.9% 55.9% 24.3% 25.4%
2020 26.7% 57% 26% 33.7%
2021 23.6% 52.6% 27.4% 31.7%
2022 20.6% 43.1% 31.4% 30.5%
2023 22.7% 43.3% 29.9% 32.2%
2024 23.4% 41.1% 27.8% 32.6%
2025 23.9% 36.7% 27.8% 33%

Government deficit by year

In 2024, Ireland's government surplus, the difference between spending and revenue, was $25.3B, equivalent to 4.38% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, Ireland recorded a fiscal deficit in 18 of those years, while Uzbekistan ran a deficit in 20 years. On average, Ireland posted an annual deficit equal to -2.33% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
Ireland

Uzbekistan
Year Deficit/surplus, % of GDP
Ireland Uzbekistan
1926 -1.95% -
1927 -1.95% -
1928 -1.95% -
1929 -3.41% -
1930 -3.41% -
1931 -1.63% -
1932 -1.63% -
1933 2.97% -
1934 2.97% -
1935 2.97% -
1936 -0.19% -
1937 -0.77% -
1938 -0.92% -
1939 -7.31% -
1940 -0.15% -
1941 -1.42% -
1942 -2.48% -
1943 -1.18% -
1944 0.39% -
1945 -0.43% -
1946 -0.43% -
1947 -1.8% -
1948 -1.29% -
1949 -2.17% -
1950 -5.21% -
1951 -4.62% -
1952 -7.84% -
1953 -5.77% -
1954 -5.28% -
1955 -5.06% -
1956 -3.23% -
1957 -5.19% -
1958 -4.3% -
1959 -2.16% -
1960 -1.97% -
1961 -2.6% -
1962 -2.91% -
1963 -2.92% -
1964 -3.35% -
1965 -3.5% -
1966 -2.26% -
1967 -2.69% -
1968 -2.72% -
1969 -3.4% -
1970 -3.64% -
1971 -3.5% -
1972 -3.23% -
1973 -3.84% -
1974 -6.96% -
1975 -11.1% -
1976 -7.34% -
1977 -6.44% -
1978 -8.27% -
1979 -10% -
1980 -11.1% -
1981 -12.1% -
1982 -13.1% -
1983 -11.5% -
1984 -9.43% -
1985 -10.7% -
1986 -10.5% -
1987 -8.47% -
1988 -4.62% -
1989 -2.64% -
1990 -2.69% -
1991 -2.8% -
1992 -2.84% 7.15%
1993 -2.62% -12%
1994 -1.82% -4.47%
1995 -2.07% -1.77%
1996 -0.2% -1.57%
1997 1.37% -2.05%
1998 2.07% -3.04%
1999 3.54% -2.91%
2000 4.86% -3.66%
2001 0.96% -3.28%
2002 -0.52% -6.31%
2003 0.35% -4.87%
2004 1.3% -3.74%
2005 1.57% -3.52%
2006 2.78% 2.72%
2007 0.27% 3.55%
2008 -7.03% 5.97%
2009 -13.9% 1.82%
2010 -32.1% 2.56%
2011 -13.5% 5.11%
2012 -8.4% 5.89%
2013 -6.27% 2.15%
2014 -3.51% 1.9%
2015 -1.97% -0.28%
2016 -0.76% 0.7%
2017 -0.3% 1.04%
2018 0.09% 1.64%
2019 0.41% -0.26%
2020 -4.88% -2.95%
2021 -1.4% -4.1%
2022 1.65% -3.65%
2023 1.48% -3.98%
2024 4.38% -2.26%
2025 1.69% -2.27%

Inflation comparison by year

Over the past 29 years, Ireland has recorded an average annual inflation rate of 2.16%, compared with 17.9% in Uzbekistan. In 2024, inflation was 2.11% in Ireland and 9.1% in Uzbekistan.

Inflation
Ireland

Uzbekistan
Year Inflation
Ireland Uzbekistan Ireland Uzbekistan
1996 1.76% 54%
1997 1.54% 70.9%
1998 2.41% 29%
1999 1.63% 29.1%
2000 5.58% 25%
2001 4.85% 27.3%
2002 4.63% 27.3%
2003 3.49% 12.5%
2004 2.18% 7.3%
2005 2.46% 10.7%
2006 3.94% 13.1%
2007 4.89% 11.2%
2008 4.04% 13.1%
2009 -4.45% 12.3%
2010 -0.92% 12.3%
2011 2.55% 12.4%
2012 1.69% 11.9%
2013 0.52% 11.7%
2014 0.19% 9.1%
2015 -0.33% 8.5%
2016 0.02% 8.8%
2017 0.36% 13.9%
2018 0.47% 17.5%
2019 0.94% 14.5%
2020 -0.33% 12.9%
2021 2.34% 10.8%
2022 7.83% 11.4%
2023 6.3% 10%
2024 2.11% 9.6%
2025 - 9.1%

Top exports between countries

Ireland
Export category Export value
Chemicals & pharma $47.9M
Machinery & equipment $6.49M
Processed food, beverages & tobacco $1.35M
Textiles & consumer goods $431K
Raw agricultural goods $248K
Raw materials & minerals $220K
Precious metals & jewellery $75K
Metals $51K
Wood & paper products $12K
Miscellaneous $2K
Uzbekistan
Export category Export value
Textiles & consumer goods $200K
Raw materials & minerals $158K
Manufacturing & construction services $2K

Balance of trade

Ireland Uzbekistan
Current account balance
$44.7B
2023
-$5.72B
2024
Current account balance ranking
14/189
2023
170/189
2024
Current account balance, % of GDP
+8.11%
2023
-4.97%
2024
Goods imports
$162B
2023
$33.2B
2024
Goods exports
$330B
2023
$19.6B
2024
Service imports
$419B
2023
$10.5B
2024
Service exports
$431B
2023
$6.55B
2024
Imports of goods and services, % of GDP
105.4%
2024
38%
2024
Exports of goods and services, % of GDP
147.6%
2024
22.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ireland Uzbekistan
Economic freedom 83.1 58
Economic freedom ranking 3/197 111/197
Property rights 94.1 33.5
Government integrity 84 31.2
Judicial effectiveness 95.5 14.5
Tax burden 77.6 92.8
Government spending 85.1 73.6
Fiscal health 95.8 73.3
Business freedom 88.1 64.4
Labor freedom 62.4 47.9
Monetary freedom 75 64.6
Trade freedom 79.6 80.6
Investment freedom 90 60
Financial freedom 70 60

Economic freedom by year comparison

The Economic Freedom Index for Ireland is 83.1, ranking 3/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Ireland
Uzbekistan
Year Economic freedom index
Ireland Uzbekistan
1995 68.5 -
1996 68.5 -
1997 72.6 -
1998 73.7 31.5
1999 74.6 33.8
2000 76.1 38.1
2001 81.2 38.2
2002 80.5 38.5
2003 80.9 38.3
2004 80.3 39.1
2005 80.8 45.8
2006 82.2 48.7
2007 82.6 51.5
2008 82.5 51.9
2009 82.2 50.5
2010 81.3 47.5
2011 78.7 45.8
2012 76.9 45.8
2013 75.7 46
2014 76.2 46.5
2015 76.6 47
2016 77.3 46
2017 76.7 52.3
2018 80.4 51.5
2019 80.5 53.3
2020 80.9 57.2
2021 81.4 58.3
2022 82 55.7
2023 82 56.5
2024 82.6 55.9
2025 83.1 58

More economic indicators

Ireland Uzbekistan
Services, % of GDP
61.8%
2024
45.2%
2024
Industry, % of GDP
30.8%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.05%
2024
18.3%
2024
GNI, Atlas method
$419B
2024
$110B
2024
GNI per capita, PPP
$99,470
2024
$12,000
2024
Total reserves including gold
$12.7B
2024
$41.2B
2024
Total reserves ranking
73/177
2024
50/177
2024
Net foreign direct investment
$12.9B
2023
-$2.8B
2024
Net inflows of foreign direct investment
-$38.9B
2024
$2.84B
2024
Net outflows of foreign direct investment
$24.9B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
n/a
8.24%
2023
Poverty at national poverty lines
14%
2021
8.9%
2024
Gross capital formation, % of GDP
17.4%
2024
33.3%
2024

GDP per capita map

GDP per capita

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.