According to the International Monetary Fund (IMF), real GDP of Ireland is forecast to grow by 3.5 percent in 2022 and 3.9 percent in 2023.
1) Real GDP growth rate: 2010 – 1.8 percent, 2011 – 1.1 percent, 2012 – -0.1 percent, 2013 – 1.3 percent, 2014 – 8.7 percent, 2015 – 25.2 percent, 2016 – 2.0 percent, 2017 – 8.9 percent, 2018 – 9.0 percent, 2019 – 4.9 percent, 2020 – 5.9 percent and 2021 – 13.0 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2022 – 3.5 percent, 2023 – 3.9 percent, 2024 – 2.9 percent, 2025 – 2.9 percent and 2026 – 2.9 percent.
3) Nominal GDP in current prices, billions of Euro (code: EUR; sign: €): 2010 – €167.363 billion, 2011 – €171.685 billion, 2012 – €175.513 billion, 2013 – €179.411 billion, 2014 – €194.934 billion, 2015 – €262.801 billion, 2016 – €270.058 billion, 2017 – €296.925 billion, 2018 – €326.042 billion, 2019 – €356.525 billion, 2020 – €372.869 billion and 2021 – €432.248 billion.
4) Projected nominal GDP in current prices, billions of Euro: 2022 – €455.887 billion, 2023 – €481.612 billion, 2024 – €506.402 billion, 2025 – €533.110 billion and 2026 – €562.332 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $222.057 billion, 2011 – $238.936 billion, 2012 – $225.640 billion, 2013 – $238.282 billion, 2014 – $259.037 billion, 2015 – $291.611 billion, 2016 – $298.846 billion, 2017 – $335.312 billion, 2018 – $385.215 billion, 2019 – $399.165 billion, 2020 – $425.549 billion and 2021 – $516.253 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $550.518 billion, 2023 – $590.053 billion, 2024 – $628.034 billion, 2025 – $668.344 billion and 2026 – $710.490 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $200.132 billion, 2011 – $206.473 billion, 2012 – $213.241 billion, 2013 – $221.160 billion, 2014 – $238.003 billion, 2015 – $324.658 billion, 2016 – $339.965 billion, 2017 – $375.332 billion, 2018 – $419.001 billion, 2019 – $447.468 billion, 2020 – $479.430 billion and 2021 – $561.456 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $597.320 billion, 2023 – $635.586 billion, 2024 – $668.941 billion, 2025 – $703.249 billion and 2026 – $738.338 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $48,612.2, 2011 – $52,116.9, 2012 – $49,000.8, 2013 – $51,459.0, 2014 – $55,499.0, 2015 – $61,861.2, 2016 – $62,632.8, 2017 – $69,486.6, 2018 – $78,837.7, 2019 – $80,632.3, 2020 – $85,205.5 and 2021 – $102,394.0.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $108,162.7, 2023 – $114,839.3, 2024 – $121,081.1, 2025 – $127,640.1 and 2026 – $134,412.1.
11) GDP PPP per capita in current prices, international dollars: 2010 – $43,812.4, 2011 – $45,036.1, 2012 – $46,308.3, 2013 – $47,761.2, 2014 – $50,992.5, 2015 – $68,871.8, 2016 – $71,250.8, 2017 – $77,779.9, 2018 – $85,752.2, 2019 – $90,389.8, 2020 – $95,993.8 and 2021 – $111,359.6.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $117,358.1, 2023 – $123,701.1, 2024 – $128,967.8, 2025 – $134,306.1 and 2026 – $139,680.4.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 0.2 percent, 2011 – 0.2 percent, 2012 – 0.2 percent, 2013 – 0.2 percent, 2014 – 0.2 percent, 2015 – 0.3 percent, 2016 – 0.3 percent, 2017 – 0.3 percent, 2018 – 0.3 percent, 2019 – 0.3 percent, 2020 – 0.4 percent and 2021 – 0.4 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 0.4 percent, 2023 – 0.4 percent, 2024 – 0.4 percent, 2025 – 0.4 percent and 2026 – 0.4 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 97.0 percent, 2011 – 101.5 percent, 2012 – 102.3 percent, 2013 – 100.9 percent, 2014 – 99.9 percent, 2015 – 107.7 percent, 2016 – 100.7 percent, 2017 – 100.9 percent, 2018 – 100.7 percent, 2019 – 104.2 percent, 2020 – 98.8 percent and 2021 – 102.6 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 101.9 percent, 2023 – 101.6 percent, 2024 – 102.2 percent, 2025 – 102.3 percent and 2026 – 102.6 percent.
17) Output gap in percent of potential GDP, percent of potential GDP: 2010 – -3.9 percent, 2011 – -4.2 percent, 2012 – -4.9 percent, 2013 – -3.2 percent, 2014 – -1.2 percent, 2015 – 0.5 percent, 2016 – 1.9 percent, 2017 – 1.5 percent, 2018 – 1.3 percent, 2019 – 0.3 percent, 2020 – -2.3 percent and 2021 – -0.2 percent.
The output gap is actual minus potential output, as a percentage of potential output. Estimates of the output gap are subject to significant margins of uncertainty.
18) Projected output gap in percent of potential GDP, percent of potential GDP: 2022 – -0.2 percent.
19) Ratio of the average price level in Ireland to the average price level in the United States, percent: 2010 – 111.0 percent, 2011 – 115.7 percent, 2012 – 105.8 percent, 2013 – 107.7 percent, 2014 – 108.8 percent, 2015 – 89.8 percent, 2016 – 87.9 percent, 2017 – 89.3 percent, 2018 – 91.9 percent, 2019 – 89.2 percent, 2020 – 88.8 percent and 2021 – 91.9 percent.
20) Projected ratio of the average price level in Ireland to the average price level in the United States, percent: 2022 – 92.2 percent, 2023 – 92.8 percent, 2024 – 93.9 percent, 2025 – 95.0 percent and 2026 – 96.2 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by