March 22, 2018

Strong GDP growth in the Irish Economy

Figures from the Central Statistics Office show Ireland as the fastest growing economy in the European Union for a fourth successive year

Irish Flag

It is clear that the Irish economy continues to perform strongly with recent figures showing strong growth of GDP by 7.8% and a 6.6% increase in GNP for last year.

Paschal Donohoe, Minister for Finance and Public Expenditure & Reform, stated that the figures are very strong and highlighted the strenght of the Irish Economy.

The Central Statistics Office said that industrial output grew by 8.9% while the ICT sector output increased by 16.8%.

Annual Growth Rate

chart GDP

 

Source: CSO Ireland