Data shows that Ireland's domestic economy will grow by 4.9% in 2025.

Investing.com – Data released by the Central Statistics Office of Ireland on Thursday shows that Ireland’s domestic economy is expected to grow by 4.9% in 2025, supported by a 1.0% quarter-on-quarter increase in the fourth quarter.

The revised domestic demand indicator shows steady economic growth, with a 1.8% increase in 2024. The government uses this indicator to assess economic strength, excluding distortions caused by Ireland’s large multinational corporate sector.

In the fourth quarter, the revised domestic demand grew by 1.0% quarter-on-quarter and 6.7% year-on-year. The third quarter data was revised upward, with quarter-on-quarter growth adjusted from the previous estimate of 2.3% to 2.5%, while the year-on-year growth remained at 5.1%.

Ireland’s gross domestic product (GDP) is projected to surge by 12.3% in 2025, mainly driven by a significant increase in exports of pharmaceutical products to the United States. Additional data indicates that this surge was partly due to stockpiling behavior before potential tariffs were implemented.

In the fourth quarter, GDP decreased by 3.8% quarter-on-quarter, larger than the initial estimate of a 0.6% decline. During the same period, GDP grew by 2.2% year-on-year, below the initial estimate of 3.7%.

GDP for the third quarter was revised to flat quarter-on-quarter, previously estimated to have contracted by 0.3%. The year-on-year growth rate for the third quarter was revised upward from 10.8% to 11.2%.

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