Ireland's GDP more than doubles in a decade: statistics-Xinhua

Ireland's GDP more than doubles in a decade: statistics

Source: Xinhua| 2022-02-26 04:12:29|Editor: huaxia

DUBLIN, Feb. 25 (Xinhua) -- Ireland's gross domestic product (GDP) had more than doubled over the past decade to 372.9 billion euros (419.6 billion U.S. dollars) in 2020 from 167.4 billion euros in 2010, the country's Central Statistics Office (CSO) said on Friday.

By 2020, Ireland's economy had maintained a growth record for ten consecutive years, the CSO said in a report titled "Measuring Ireland's Progress 2020."

Ireland was the only country among the 27 member states of the European Union (EU) that had a positive GDP growth rate in 2020, it said, adding that the Irish economy grew by 5.9 percent in that year in sharp contrast with a negative 5.9 percent GDP growth rate for the EU27.

In 2020, Ireland's GDP ranked tenth in the EU, lagging behind Austria but overtaking Denmark, the CSO said quoting Eurostat, the EU's statistical office.

In purchasing power standards, in 2020 Ireland had the second-highest GDP per capita in the EU after Luxembourg, it said.

The CSO also said that Ireland's exports of goods and services accounted for 131.1 percent of its GDP in 2020, the second-highest in the EU27, again after Luxembourg, while its imports of goods and services were 108.8 percent of its GDP in that year, the third-highest in the EU.

In the first three quarters of 2021, Ireland's GDP grew by approximately 14.5 percent year-on-year, according to the CSO. (1 euro = 1.13 U.S. dollar)

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