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Ireland's 2025 GDP surged 12.6% on U.S. drug exports and tax shifts, but fourth-quarter contraction suggests weak domestic health.
Ireland’s economy grew 12.6% in 2025, the fastest in Europe, driven by a surge in pharmaceutical exports to the U.S., particularly weight-loss drugs.
The growth was boosted by multinational companies front-loading shipments ahead of anticipated tariffs, but GDP may not reflect underlying domestic health.
The economy contracted 0.6% in the fourth quarter, and modified domestic demand, a more reliable indicator, rose 4.1% in the first nine months.
Government revenues increased 17.2%, public debt fell to 32.8% of GDP, and Ireland attracted a record 323 foreign investments.
Economists expect growth to slow to around 2.8% in 2026.
El PIB de Irlanda en 2025 aumentó un 12,6% debido a las exportaciones de medicamentos de los Estados Unidos y los cambios fiscales, pero la contracción del cuarto trimestre sugiere una debilidad de la salud interna.