| Table 1.1 GDP and GNP Growth Rates | |||
| 2021 | 2022 | % change | |
| GDP at current prices | €434,070m | €506,282m | 16.6% |
| GDP at constant (2021) prices | €434,070m | €475,016m | 9.4% |
| GNP at current prices | €323,314m | €362,876m | 12.2% |
| GNP at constant (2021) prices | €323,314m | €335,903m | 3.9% |
Gross domestic product (GDP) increased by 9.4% in 2022 while gross national product (GNP) rose by 3.9%. These results are updated compared with the preliminary 2022 estimates published in March 2023 which showed GDP increasing by 12.0% and GNP increasing by 6.7%.
| GDP % | GNP % | |
| 2014 | 8.82899889720491 | 9.16992365416 |
| 2015 | 24.4752533153959 | 12.8406463203704 |
| 2016 | 9.31125910982645 | 6.36511319246534 |
| 2017 | 8.93694402926357 | 6.42052790926055 |
| 2018 | 8.47029548694809 | 5.9476404434987 |
| 2019 | 5.2977281146812 | 5.0695684630972 |
| 2020 | 6.61719472906033 | 3.59169298555618 |
| 2021 | 15.1252197620187 | 13.9315131450653 |
| 2022 | 9.43302191859074 | 3.89389087788938 |
Get the data: PxStat NA008
The estimates in this publication use more complete data than were available for the Q4 2022 estimates published in March 2023 and updates include weaker results for the Industry sector, Information & Communication, Construction, Financial & Insurance Activities and the Arts & Entertainment sector but partially offset by stronger results in Agriculture, Forestry & Fishing, Distribution, Transport, Hotels & Restaurants and Public Administration, Education & Health.
These results are compiled in accordance with the latest EU standard framework, ESA 2010. For more information on our main national accounts aggregates, including data per head of population and per person in employment, see Table 1.2 Main Aggregates.
| GDP | GNP | GNI | |
| 2014 | 223.6058874074 | 191.2979778606 | 192.3811648402 |
| 2015 | 278.3339947785 | 215.8618746157 | 217.1659727006 |
| 2016 | 283.2481398307 | 231.3598549957 | 232.3967702455 |
| 2017 | 309.6221080541 | 246.0861716481 | 247.2030155443 |
| 2018 | 335.8480154992 | 260.7224923189 | 261.89605819 |
| 2019 | 353.6403302389 | 273.9399975657 | 275.1004331767 |
| 2020 | 377.0413995313 | 283.7790812429 | 284.9219486657 |
| 2021 | 434.0697398042 | 323.3138012492 | 324.1066081654 |
| 2022 | 475.0156335019 | 335.903287863 | 336.520690784 |
Get the data: PxStat NA008
Figure 1.2 shows the levels of GDP, GNP and GNI for these internationally comparable measures. More details are available in Table 1.2, including current prices and constant prices as well as per head of population and per person in employment.
Our modified measures for domestic policy purposes are contained in chapter 2 - GNI* and De-Globalised Results. This includes GNI* and Modified Domestic Demand data.
| Agriculture, Forestry & Fishing | Industry (excl. Construction) | Construction | Distribution, Transport, Hotels & Restaurants | Information & Communication | Financial & Insurance Activities | Real Estate Activities | Professional, Admin & Support Services | Public Admin, Education & Health | Arts, Entertainment & Other Services | |
| 2022 | 0.614869217609511 | 66.9734484802566 | 0.887008928871781 | 12.7069559897366 | 12.1763211673725 | -3.27739938990429 | 2.32384370535784 | 1.03697815195029 | 5.51437653882327 | 1.04359720992591 |
Get the data: PxStat NA006
Figure 1.3 shows the contributions of each activity to growth from 2021 to 2022. Industry, Information & Communication and Distribution, Transport, Hotels & Restaurants had a strong positive contribution to growth in 2022 while Financial & Insurance Activities was the one sector showing a decline in the year compared with 2021. More details on activity breakdowns of the data are available in Chapters 3 to 7, covering GDP by Incomes and GDP by Producers.
| Personal Consumption of Goods and Services | Net Expenditure by Central and Local Government | Gross Domestic Fixed Capital Formation | Value of Physical Changes in Stocks | Net Exports | Gross Domestic Product | |
| 2014 | 97.9192058083 | 30.408308404 | 47.0591056577545 | 2.8157760389544 | 38.247627436417 | 223.6058874074 |
| 2015 | 101.3648186348 | 31.0995882355 | 70.820999231031 | 4.0742636076017 | 66.337003201882 | 278.3339947785 |
| 2016 | 106.2353650365 | 32.4707691764 | 106.430739841821 | 3.4995219216979 | 32.703408861918 | 283.2481398307 |
| 2017 | 109.2454314997 | 33.6922129832 | 105.709599032007 | 4.0897255545748 | 61.4852947080539 | 309.6221080541 |
| 2018 | 113.8655721873 | 35.2246033909 | 97.0678932634593 | 0.8135951024089 | 90.019390217869 | 335.8480154992 |
| 2019 | 116.8263841002 | 37.5128256296 | 194.806542130143 | 1.6376867991307 | 4.90487336317403 | 353.6403302389 |
| 2020 | 105.2357225009 | 41.8634364483 | 162.652103542485 | 3.6445501195928 | 64.779066582866 | 377.0413995313 |
| 2021 | 114.1196450337 | 44.4899679416 | 96.9412618056702 | 5.5452891647991 | 173.948763575 | 434.0697398042 |
| 2022 | 124.8269652701 | 46.0615086246 | 101.867371155332 | 10.0417415210783 | 190.123122713746 | 475.0156335019 |
Get the data: PxStat NA008
Please note: Figure 1.4 was updated subsequent to publication to correct the representation of the Net Exports bar in the graph for reference year 2022. The underlying data however are unrevised.
On the Expenditure side of the accounts, exports remained strong in 2022 with growth of 13.9% recorded. Imports increased by 15.9% largely due to higher imports of Merchandise Goods and Royalties. The result is an increase in net exports of more than €16.2bn in 2022 over 2021 or 9.3%.
Headline investment rose by just over 9% in 2022. This is predominantly due to an increase in investment in Other Machinery & Equipment, Transport Equipment and Dwellings. Transactions in Other Machinery & Equipment and Transport Equipment are largely GDP neutral because of an offsetting decrease in imports. For more information see Chapter 8, GDP by Expenditures and Chapter 11, Investment.
Investment in Dwellings increased in 2022, from €7.8bn in 2021 to €9.5bn, while investment in Other Machinery & Equipment increased from €6.1bn in 2021 to €10.5bn in 2022. This reflects a continuing trend in return to office by workers post COVID-19 along with investment in plant and machinery and datacentres by MNE’s. For more information see Investment.
Personal Consumption Expenditure (PCE), a measure of consumer spending on goods and services, increased by 9.4% in 2022, with the largest growth seen in spending in Restaurants & Hotels (+26.8%), Recreation & Culture (+26.1%) along with Furnishings, household equipment and routine household maintenance (+16.5%). This publication includes personal consumption data with product detail, see Personal Spending.
For government consumption, Net Expenditure by Central & Local Government on Current Goods & Services rose by 3.5% in 2022 when compared to 2021, a smaller increase compared with years 2020 and 2021 that had been elevated due to spending during the COVID-19 pandemic.
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.