Economic growth rises by 9.7% in first quarter of 2025

Economic growth rises by 9.7% in first quarter of 2025

Economic growth including the contribution from multinationals or Gross Domestic Product soared by 9.7% in the first three months of this year as exports to the US ramped up ahead of tariffs being imposed by the Trump administration.

Irish Economy Soars on Export Surge, But Home Spending Lags

Ireland’s economy grew by 9.7% in the first three months of the year, mainly due to a surge in exports to the US ahead of new tariffs from the Trump administration. Much of the boost came from strong pharmaceutical exports, especially in March. The Central Statistics Office (CSO) said overall exports rose by 9.4%, with goods exports jumping by 14.8%. However, growth within the domestic economy was much slower. Modified Domestic Demand – which m…

Exports the key driver as Ireland's GDP sees remarkable rise

Ireland’s economy roared into 2025, with Gross Domestic Product (GDP) rising by a remarkable 9.7% in the first quarter of the year, according to new figures from the Central Statistics Office (CSO). The impressive growth was driven primarily by a surge in goods exports and strong performance from multinational-dominated sectors. Exports were a key driver, with total exports increasing by 9.4%, a €18.2bn rise, between January and March. Goods exp…