Ireland | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Ireland
Records
63
Source
Ireland | GDP (current US$)
1960 1939329775.4374
1961 2088012282.3567
1962 2260349684.0862
1963 2430843768.4455
1964 2766608945.874
1965 2945704142.9977
1966 3104034393.2316
1967 3343636773.3676
1968 3278584478.3302
1969 3787077343.7278
1970 4395995085.9951
1971 5098250287.4665
1972 6318060582.2187
1973 7481173065.792
1974 7896860614.988
1975 9483808362.3693
1976 9453756014.7184
1977 11248340431.378
1978 14647996073.694
1979 18319334300.451
1980 21747855640.071
1981 20670190138.167
1982 21474752962.218
1983 20766047763.531
1984 20106648454.84
1985 21270013325.56
1986 28714571852.48
1987 33920518492.509
1988 37772896220.756
1989 39238392677.754
1990 49305632408.493
1991 49787501584.485
1992 55918538121.399
1993 52417477613.676
1994 57097656065.96
1995 69139823232.323
1996 75790786290.323
1997 82856648758.357
1998 90199410115.51
1999 98893958262.644
2000 100207610429.91
2001 109346669229.7
2002 128596035288.4
2003 164670771259.6
2004 194372115041.07
2005 211876989655.91
2006 232180617162.28
2007 270079279419.5
2008 275447471451.06
2009 236443115853.7
2010 221913560882.37
2011 239170638711.31
2012 225118718207.16
2013 238112475390.8
2014 259681883575.71
2015 292364226871.76
2016 298559265006.4
2017 337241811320.9
2018 386693357874.06
2019 398933010007.36
2020 428608687830.24
2021 513391778882.86
2022 533140011838.28

Ireland | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Ireland
Records
63
Source