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Ireland Debt to GDP Ratio

Ireland's government debt-to-GDP ratio fell to 40.9% in 2024, a decrease from 43.3% in 2023. This decline resulted from a surplus of €23.2 billion or 4.3% of GDP, in 2024. Higher tax revenues and a one-off capital transfer boosted the surplus. Government debt also decreased by €2.5 billion to €218.2 billion, aided by nominal GDP growth. Ireland's record low government debt to GDP was 23.6% in 2006 and record high was 120.1% in 2013.

Yearly Historical Data (1980-2024)

(in %)
Year Debt to GDP Ratio
2024 38.8%
2023 42.1%
2022 43.1%
2021 52.6%
2020 57%
2019 55.9%
2018 61.5%
2017 65.2%
2016 72.6%
2015 74%
2014 104%
2013 120.1%
2012 119.9%
2011 110.4%
2010 86.2%
2009 61.8%
2008 42.5%
2007 23.9%
2006 23.6%
2005 26.1%
2004 28.1%
2003 29.8%
2002 30.9%
2001 33.6%
2000 36.4%
1999 46.6%
1998 51.4%
1997 61.6%
1996 69.9%
1995 78.6%
1994 88.8%
1993 94.2%
1992 91.4%
1991 94.6%
1990 93.5%
1989 98.8%
1988 107.5%
1987 109.2%
1986 108.2%
1985 93.8%
1984 91%
1983 86.9%
1982 74.1%
1981 69.4%
1980 65.2%
Ireland Debt to GDP Ratio : Definition
Ireland's government debt to GDP is the ratio of its total government debt to its gross domestic product. It's calculated by dividing total government debt by GDP. The result, often shown as a percentage, indicates Ireland's ability to repay debts.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 16.2% 7% Dec'24
Private Credit (% GDP) 25.09% 25.95% 2024