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Ireland Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

1.05% −3.04% (-74.4%)
Year 2025 Rank #22 Global Peak 4.86% (2000) Source IMF WEO

Ireland Budget Deficit (1995–2025)

Overview

Ireland's budget deficit stood at 1.05% in 2025, a decline of +3.04% from 2024. The IMF projects 1.05% by 2025. Ireland ranked 22nd globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF 0.82% - -
2029* IMF 0.95% - -
2028* IMF 0.88% - -
2027* IMF 0.76% - -
2026* IMF 0.87% - -
2025* IMF 1.05% - -
2025 1.05% −3.04% #22
2024 4.09% +2.56% #176
2023 1.52% −0.14% #164
2022 1.67% +3.04% #168
2021 -1.37% +3.50% #146
2020 -4.87% −5.27% #115
2019 0.41% +0.32% #143
2018 0.09% +0.39% #133
2017 -0.30% +0.46% #145
2016 -0.76% +1.21% #134
2015 -1.97% +1.54% #121
2014 -3.52% +2.76% #69
2013 -6.28% +2.14% #23
2012 -8.42% +5.06% #10
2011 -13.47% +18.68% #3
Show all years (1995-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +77.5% GDP growth 16.3% C/A balance 12.3%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Ireland matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Ireland's budget deficit?

Ireland's budget deficit was 1.05% in 2025. Ranked 22nd globally. This represents a 74.4% decrease from the previous year.

What was the highest budget deficit in Ireland?

Ireland's budget deficit peaked at 4.86% in 2000.

What was the lowest budget deficit in Ireland?

The lowest budget deficit in Ireland was -32.15% in 2010.

How does Ireland rank in budget deficit?

Ireland ranks 22nd globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Ireland in 2025?

Ireland's budget deficit is projected to reach 1.05% by 2025 based on IMF projection.

What is the budget deficit of Ireland in 2025?

The budget deficit of Ireland in 2025 was 1.05%. This ranks 22nd in the world.

Cite this page

APA
Ireland Budget Deficit. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/ireland/budget-deficit
BibTeX
@misc{historysaid_ireland_budget-deficit, title = {Ireland Budget Deficit}, url = {https://historysaid.com/ireland/budget-deficit}, publisher = {HistorySaid}, year = {2026} }