Quarterly GDP growth of Ireland 1995-2023
In the fourth quarter of 2023, gross domestic product in the Republic of Ireland shrank by 3.4 percent when compared with the previous quarter. This was the fourth-consecutive quarter of negative growth in Ireland, meaning the Irish economy is currently in recession. Between the first quarter of 2021 and the most recent quarter, GDP grew fastest in the first quarter of 2021 at 9.9 percent, and declined the most in the first and fourth quarters of 2023.