Key data points
Last release
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Next release
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Time to release
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Forecast
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Observation period
Q4 2023
Highest
121.03 BEURSep 30, 2022
Lowest
24.03 BEURMar 31, 1995
About Ireland real GDP
Related indicators
Frequently Asked Questions
Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Ireland real GDP was 110.443 B EUR, and the quarter before that it reached 114.353 B EUR.