Trade in services in Ireland
Ireland: Trade in services was 162.9% in 2024. ▲ Rising
Trade in services in Ireland, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Ireland recorded 162.9% for trade in services in 2024.
That represents a change of up 8.7% on the previous year and up 39.0% over ten years.
Over the whole period, trade in services in Ireland peaked at 169.0% in 2020 and was at its lowest, 59.6%, in 2005.
Ireland ranks 3rd of 200 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Trade in services in Ireland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 59.6% | — |
| 2006 | 62.6% | +5.0% |
| 2007 | 65.2% | +4.1% |
| 2008 | 72.6% | +11.4% |
| 2009 | 79.5% | +9.5% |
| 2010 | 88.6% | +11.4% |
| 2011 | 91.3% | +3.1% |
| 2012 | 95.4% | +4.5% |
| 2013 | 110.7% | +16.0% |
| 2014 | 117.2% | +5.8% |
| 2015 | 118.1% | +0.8% |
| 2016 | 138.0% | +16.9% |
| 2017 | 140.8% | +2.0% |
| 2018 | 128.5% | -8.7% |
| 2019 | 165.9% | +29.0% |
| 2020 | 169.0% | +1.9% |
| 2021 | 143.0% | -15.4% |
| 2022 | 140.5% | -1.8% |
| 2023 | 149.8% | +6.6% |
| 2024 | 162.9% | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 67.9% | 59.6% | 79.5% | 5 |
| 2010s | 119.4% | 88.6% | 165.9% | 10 |
| 2020s | 153.1% | 140.5% | 169.0% | 5 |
Countries ranked near Ireland
- 1 Luxembourg 296.0% compare
- 2 Malta 169.4% compare
- 4 Cyprus 148.0% compare
- 5 Singapore 133.7% compare
- 6 Seychelles 121.8% compare
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)
- Gross capital formation (constant 2015 US$), annual growth rate 39.84 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1679 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 22,090 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 15.82 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.9989 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 131,451 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 10.94 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.884 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Ireland?
- Trade in services in Ireland was 162.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Ireland?
- The highest recorded value was 169.0% in 2020.
- What is the lowest trade in services recorded in Ireland?
- The lowest recorded value was 59.6% in 2005.
- How does Ireland rank for trade in services?
- Ireland ranks 3rd out of 200 countries with data for 2024.
- Is trade in services rising or falling in Ireland?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is rising.
- Where does this Ireland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.