Ireland
Ireland: strong, sustained growth, 1980–2025
Low corporate tax rates drew a wave of US multinational headquarters from the 1990s onward, making Ireland one of the fastest-growing and most foreign-investment-dependent economies in Europe, with GDP figures often skewed by multinational accounting. Between 1980 and 2025, Ireland's GDP per capita grew from $6,372 to $131,592 (current US$), a compound annual growth rate of 7.0% — strong, sustained growth. Annual GDP growth averaged 5.3% with a year-to-year standard deviation of 5.1 points, reflecting considerable volatility and periodic crises. Structurally, agriculture's share of the economy moved from 5.6% to 1.1% of GDP (a classic decline as the economy industrialized/modernized), while services rose from 55.8% to 56.7% of GDP, underscoring a shift toward a services-driven economy. On human development, life expectancy rose from 72.6 to 83.0 years, while tertiary school enrollment moved from 50.7% to 77.6%, while the urban population share grew from 55.4% to 64.6%.
What this growth cost: Growth was not without cost: per-capita CO2 emissions fell from 8.17 to 6.04 tonnes CO2e per person; income inequality (Gini index) narrowed from 35.5 to 29.0; the poverty headcount ratio fell from 1.3% to 0.1%.
What it trades
Top exported and imported products, approximate share of total trade value.
Top exports
Top imports
Events shaping this economy
Central bank perspective
Why the charts below look the way they do, drawing on the country’s own central bank and monetary authority.