The IMF Resident Representative Office closed in 2014. This page is maintained for archival purposes. Additional information can be found on the Ireland and IMF country page, including IMF reports and Executive Board documents that deal with Ireland.

Ireland and the IMF

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At A Glance

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Ireland and the IMF

  • IMF Executive Board Concludes 2021 Article IV Consultation with Ireland

    June 16, 2021

    The Irish economy was on a favorable path of high growth and declining vulnerabilities in the runup to the pandemic. COVID-19 outbreak had a large impact on Ireland. The high infection rates led to one of the most stringent containment regimes. The economic impact has been highly asymmetric. The domestic sectors contracted by about 10 percent while the export-oriented IT and pharmaceutical sectors, which are dominated by multinationals, grew by 18 percent in 2020, resulting in the overall GDP growth of 3.4 percent in 2020. The “COVID-adjusted” unemployment rate (including short-term pandemic-related unemployment) registered 20 percent for the year. The strong growth in CIT intake and resilient PIT revenues, helped contain the fiscal deficit at 5 percent of GDP despite the large expenditure measures. The annual average rate of inflation for the year was -0.5 percent. Future CIT revenue could be impacted by a possible adoption of an international minimum tax that is higher than Ireland’s 12.5 percent although it would be mitigated by Ireland’s non-tax comparative advantages that are likely to continue to attract FDI.

  • Ireland: Selected Issues

    June 15, 2021

    Series:Country Report No. 2021/124

  • Ireland: 2021 Article IV Consultation-Press Release; and Staff Report

    June 15, 2021

    Series:Country Report No. 2021/123

  • Ireland: Staff Concluding Statement of the 2021 Article IV Mission

    May 12, 2021

  • IMF Executive Board Concludes 2019 Article IV Consultation with Ireland

    June 17, 2019

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