.jpg?template=generic "See latest Petrol price indicator")
Irish Macro Economic Forecasts
Updated following 2017 Q2 GDP release
| Real GDP (% change) | 2016 | 2017 | 2018 | Comment |
| Personal Consumption | 3.3 | 2.0 | 2.5 | weak first half of 2017 |
| Government Consumption | 5.3 | 2.0 | 2.0 | Deflator rising |
| Capital Formation | 61.2 | 4.0 | 10.0 | High volatility |
| - Building and Construction | 18.4 | 20.0 | 15.0 | Strong rise from weak base |
| - Machinery, Equipment, Intangibles | 76.7 | 0.0 | 9.0 | Huge swings in intangibles |
| Stocks (% of GDP) | 1.0 | 0.3 | 0.3 | |
| Exports | 4.6 | 2.0 | 4.0 | Erratic series given multinationals |
| Imports | 16.4 | 0.0 | 5.5 | weaker service imports |
| GDP | 5.1 | 3.8 | 3.9 | Large quarterly base effects o dampen h2 |
| GNP | 9.6 | 1.5 | 3.5 | Firms domiciling in Ireland impacting |
| Domestic Demand | 21.4 | 2.8 | 5.7 | Distorted by investment surge |
| GDP (€bn) | 275.6 | 291.2 | 303.0 | Up €100bn since 2012 |
| Labour Market | ||||
| Employment (% change) | 2.9 | 3.1 | 2.5 | Broad based job creation |
| Unemployment rate (%) | 7.9 | 6.5 | 5.8 | Approaching full employment |
| Inflation | ||||
| CPI (% change) |
0.0 | 0.7 | 2.0 | Sterling deflationary impact this year |
| HICP (% change) |
-0.2 | 0.6 | 2.0 | |
| Fiscal Indicators |
||||
| Government Debt ( % of GDP) |
72.8 | 69.6 | 65.8 | Ratio flattered by surge in GDP |
| General Government Balance (% of GDP) |
-0.7 | -0.4 | -0.1 | Cyclically adjusted deficit is larger |