Irish Macro Economic Forecasts
Updated mid-April 2020
| Real GDP (% change) | 2018 | 2019 |
2020(f) | Comment |
| Personal Consumption | 3.4 | 2.8 | -14.0 | Non-food spending collapse |
| Government Consumption | 4.4 | 5.6 | 10.0 | Govt spending surge |
| Capital Formation | -21.1 | 94.1 | -36.0 | |
| - Building and Construction | 12.5 | 6.8 | -17.0 | |
| - Machinery, Equipment, Intangibles | -30.4 | 133.6 | -40,0 | |
| Stocks (% of GDP) | 0.4 | 0.5 | 1.5 | |
| Exports | 10.4 | 11.1 | -8.0 | Contract manufacturing big impact |
| Imports | -2.9 | 35.6 | -18.0 | decline in domestic spending |
| GDP | 8.2 | 5.5 | -6.5 | coronavirus longevity big unknown |
| GNP | 4.4 | 3.3 | -6.0 | |
| Domestic Demand | -8.6 | 35.3 | -21.0 | |
| GDP (€bn) | 324.0 | 347.2 | 322.0 | |
| Labour Market | ||||
| Employment (% change) | 2.9 | 2.9 | -6.0 | |
| Unemployment rate (%) | 5.8 | 4.9 | 11.7 | |
| Inflation | ||||
| CPI (% change) |
0.5 | 0.9 | -0.6 | |
| HICP (% change) |
0.7 | 0.9 | 1.3 | |
| Fiscal Indicators |
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| Government Debt ( % of GDP) |
63.6 | 58.6 | 66.4 | |
| General Government Balance (% of GDP) |
0.0 | 0.4 | -6.2 |