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Irish Macro Economic Forecasts
Updated following 2017 Q4 GDP release
| Real GDP (% change) | 2016 | 2017 | 2018 | Comment |
| Personal Consumption | 3.3 | 1.9 | 2.5 | Surprisingly soft in 2017 and weak end to year |
| Government Consumption | 5.3 | 1.8 | 2.5 | Deflator rising |
| Capital Formation | 61.2 | -22.3 | 7.5 | High volatility |
| - Building and Construction | 18.4 | 16.5 | 12.5 | Strong rise in house building |
| - Machinery, Equipment, Intangibles | 76.7 | -51.7 | 5.0 | Huge swings in Intangibles |
| Stocks (% of GDP) | 1.0 | 1.0 | 0.5 | |
| Exports | 4.6 | 6.9 | 7.5 | Contract manufacturing very important |
| Imports | 16.4 | -6.2 | 6.2 | Weaker service imports in 2017 |
| GDP | 5.1 | 7.8 | 7.0 | Big upward revison to 2018 |
| GNP | 9.6 | 6.6 | 7.0 | Firms domiciling in Ireland impacting |
| Final Domestic Demand | 21.4 | -8.0 | 4.2 | Distorted by investment volatility |
| GDP (€bn) | 275.6 | 296.2 | 318.0 | Up €100bn since 2014 |
| Labour Market | ||||
| Employment (% change) | 2.9 | 2.9 | 2.5 | Broad based job creation |
| Unemployment rate (%) | 8.4 | 6.7 | 5.8 | Approaching full employment |
| Inflation | ||||
| CPI (% change) |
0.0 | 0.4 | 1.4 | Sterling deflationary impact to fade |
| HICP (% change) |
-0.2 | 0.3 | 1.8 | |
| Fiscal Indicators |
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| Government Debt ( % of GDP) |
72.8 | 68.4 | 65.9 | Ratio flattered by surge in GDP |
| General Government Balance (% of GDP) |
-0.7 | -0.3 | -0.2 | Cyclically adjusted deficit is larger |