Dublin City Centre
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| Country | Ireland |
| Width | 250 |
| Caption | Dublin City Centre |
| Currency | 1 Euro=100 cent(s) |
| Year | Calendar year |
| Organs | EU, WTO and OECD |
| Rank | 48th |
| Gdp | $164.6 bn (2010) |
| Growth | 2.8% (Q1 2011 est.) |
| Per Capita | $37,700 (2009 est.) |
| Gini | 30.7 (2008) |
| Edbr | 9th |
| Sectors | agriculture (5%), manufacturing (46%), services (49%) (2002) |
| Inflation | -0.88% (June 2010) |
| Poverty | 4.2% |
| Labor | 2.154 million (2006) |
| Occupations | services (64%), manufacturing (29%), agriculture (8%) (2005) |
| Unemployment | 14.9 % (February 2011 est.) |
| Average Gross Salary | 2,764 - / 3,731 $, monthly (2006) |
| Average Net Salary | 2,025 - / 2,733 $, monthly (2006) |
| Industries | steel, lead, zinc, silver, aluminium, barite, and gypsum mining processing; food, brewing, textiles, clothing; chemicals, pharmacology; machinery, rail transportation equipment, passenger and commercial vehicles, ship construction and refurbishment; glass and crystal; computer software, tourism |
| Exports | $108.6 billion (2009 est.) |
| Export-goods | machinery and equipment, computers, chemicals, pharmaceuticals; live animals, animal products |
| Export-partners | US 20.52%, Belgium 17.78%, UK 16.31%, Germany 5.66%, France 5.56%, Spain 4.19% (2009) |
| Imports | $63.12 billion (2009 est.) |
| Import-goods | data processing equipment, other machinery and equipment, chemicals, petroleum and petroleum products, textiles, clothing |
| Import-partners | UK 35.28%, US 16.87%, Germany 6.76%, Netherlands 5.86%, France 4.76% (2009) |
| Gross External Debt | $2.287 trillion (30 June 2009) |
| Debt | 64.8% of GDP (2009 est.) |
| Revenue | $76 billion (2009 est.) |
| Expenses | $108.6 billion (2009 est.) |
| Reserves | US$2.156 billion (March 2011) |
| Credit | Standard & Poor's:
BBB+ (Domestic)
BBB+ (Foreign)
AAA (T&C Assessment)
Outlook: Negative
Moody's:
Baa3
Outlook: Negative
Fitch:
BBB+
Outlook: Stable |
| Aid | donor: ODA, -735 mn (2005) |
| Tax | Corporate tax 12.5 standard, and 10% for certain manufacturers |
| Cianame | ei |
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The economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy, focusing on services and high-tech industries and dependent on trade, industry and investment. In terms of GDP per capita, Ireland is ranked as one of the wealthiest countries in the OECD and the EU-27 at 5th in the OECD-28 rankings as of 2008. In terms of GNP per capita, a better measure of national income, Ireland ranks below the OECD average, despite significant growth in recent years, at 10th in the OECD-28 rankings. GDP (national output) is significantly greater than GNP (national income) due to the repatriation of profits and royalty payments by multinational firms based in Ireland. A study by The Economist found Ireland to have the best quality of life in the world. The 1995 to 2000 period of high economic growth led many to call the country the Celtic Tiger. One of the keys to this economic growth was a low tax, currently at 12.5% standard rate.
The Financial Crisis of 2008 still affects the Irish economy severely, compounding domestic economic problems related the collapse of the Irish property bubble. Ireland was the first country in the EU to officially enter a recession as declared by the Central Statistics Office. The ESRI recently predicted that the Irish economy will not significantly recover until 2011. Ireland now has the highest level of household debt relative to disposable income in the developed world at 190%. Emigration was estimated as 1000 every week in 2010, worse even than the previous record in 1989.
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