The latest Irish GDP data provided the first full breakdown of the economy in Q2 2025. GDP growth remains volatile, driven by a surge in exports in the first half of the year.
Other reliable domestic indicators point to continued growth in the Irish economy, including compensation of employees, up 2.2% y/y, in line with employment and wage growth in Q2 2025.
As recently reported by the Wall Street Journal, this is likely originating from a new production line by Eli Lilly in Ireland feeding into its US supply chain for its blockbuster weight loss drug.
Elsewhere, this week's exchequer returns also signaled ongoing growth in the Irish economy, with domestically driven VAT receipts up 4.8% in the year to end-August, while income taxes were up 4.7% over the same period.
