Average economic size of farms by standard output, farm type and age in Ireland
Ireland: Average economic size of farms by standard output, farm type and age was 8.52 billion Euro in 2023. ▲ Rising
Latest (2023)
8.52 billion Euro
Change on year
up 24.4%
World rank
15th
of 40 countries
All-time high
8.52 billion Euro
in 2023
All-time low
4.30 billion Euro
in 2010
Years of data
7
2005–2023
Average economic size of farms by standard output, farm type and age in Ireland, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
Ireland recorded 8.52 billion Euro for average economic size of farms by standard output, farm type and age in 2023. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 24.4% on the previous year and up 70.0% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in Ireland peaked at 8.52 billion Euro in 2023 and was at its lowest, 4.30 billion Euro, in 2010.
Ireland ranks 15th of 40 countries on this measure, in the middle of the range.
Average economic size of farms by standard output, farm type and age in Ireland, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 4.76 billion Euro | — |
| 2007 | 4.57 billion Euro | -4.0% |
| 2010 | 4.30 billion Euro | -6.0% |
| 2013 | 5.01 billion Euro | +16.6% |
| 2016 | 6.31 billion Euro | +25.8% |
| 2020 | 6.85 billion Euro | +8.6% |
| 2023 | 8.52 billion Euro | +24.4% |
Ireland compared with similar countries
- Ireland's 8.52 billion Euro is above the median for Europe & Central Asia, which is 7.96 billion Euro, 1.1× the median. (29 countries reporting)
- Ireland's 8.52 billion Euro is above the median for high income countries, which is 7.66 billion Euro, 1.1× the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.66 billion Euro | 4.57 billion Euro | 4.76 billion Euro | 2 |
| 2010s | 5.21 billion Euro | 4.30 billion Euro | 6.31 billion Euro | 3 |
| 2020s | 7.69 billion Euro | 6.85 billion Euro | 8.52 billion Euro | 2 |
Countries ranked near Ireland
More economy & growth data for Ireland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.52 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 67.14 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1102 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 12,444 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0079 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 893.09 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 7.57 % change on previous year (2025)
Frequently asked questions
- What is average economic size of farms by standard output, farm type and age in Ireland?
- Average economic size of farms by standard output, farm type and age in Ireland was 8.52 billion Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in Ireland?
- The highest recorded value was 8.52 billion Euro in 2023.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in Ireland?
- The lowest recorded value was 4.30 billion Euro in 2010.
- How does Ireland rank for average economic size of farms by standard output, farm type and age?
- Ireland ranks 15th out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in Ireland?
- Over the last ten years it is up 70.0%. The long-run trend across the full record is rising.
- Where does this Ireland data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
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