A new survey has revealed that on average Irish people will spend $726.56 on Christmas this year.

Each Irish person will spent an average of $413.12 on gifts (buying an average of 14 gifts). They will spend the rest of decorations, celebrating and food and drink over the festival season.

The survey carried out by TNS on behalf of eBay also found that parents will be spending an average of $391.39 on kids presents. Figures indicate that kids are due receive $74.90 less in presents this year against last Christmas.