BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Central Bank and Financial Services Authority of Ireland
Ireland is part of the Eurosystem and the European Central Bank

International Reserves

US$ 1.630 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 230 billion (2014 estimate)

GDP (Purchasing Power Parity)

195 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.4% 4.6% 6.1% 5.5% 5.0% -2.2% -6.4% -1.1%
2011 2012 2013 2014*        
2.2% 0.2% -0.3% 1.7%        

*Estimate

GDP per capita - current prices

US$ 47,793 (2014 estimate)

GDP per capita - PPP

$40,586 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.20% 0.19% 0.26% 0.23% 0.21%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.6% 
  • industry: 28% 
  • services: 70.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

1.7% (2011)

Inflation
2011 2012 2013 2014*
1.2% 1.9% 0.5% 0.6%

*Estimate

Unemployment rate
2011 2012 2013 2014*
14.6% 14.7% 13.0% 11.2%

*Estimate

Household saving rates

5.0% (Net saving; 2014 forecast)

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
91.2% 104.1% 117.4% 122.8% 123.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-30.5% -13.1% -8.2% -7.4% -5.1%

*Estimate 

Government bond ratings

Standard & Poor's: A-

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$60.45 billion US$108.1 billion US$109 billion

*2010 Estimate       **2012 Estimate 

Largest companies in Ireland

Eaton, Accenture, Covidien, XL Group, Seagate Technology, Ingersoll-Rand, CRH, Allied Irish Banks, Actavis, Bank of Ireland, Ryanair Holdings, Shire, Experian, Perrigo, Kerry Group, Permanent TSB Group, Smurfit Kappa Group, DCC, King Digital Entertainment

 
 
Source
Current account balance

US$ 14.794 billion (2014 estimate)

Current account balance by percentage of GDP

6.442% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

107.8% (2012)

(Data released on Oct 2014)

Shares in world total merchandising export

0.63% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

2.64% (2012)

(Data were released in 2014)

Total exports

US$113.6 billion (2013 estimate) 

Export commodities

machinery and equipment, computers, chemicals, medical devices, pharmaceuticals; food products, animal products

Total imports

US$61.510 billion (2013 estimate) 

 
 
Source
Import commodities

data processing equipment, other machinery and equipment, chemicals, petroleum and petroleum products, textiles, clothing

Exports - major partners

US 17.9%, UK 17.3%, Belgium 15.6%, Germany 8.4%, Switzerland 5.8%, France 5% (2012)

Imports - major partners

UK 39.8%, US 13.2%, Germany 7.6%, Netherlands 5.7% (2012)

FDI inflows
2011 2012 2013
US$ 23,545 million US$38,315 million US$ 35,520 million
FDI outflows
2011 2012 2013  
US$ -1,165 million US$ 18,519 million US$ 22,852 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 5,143 million US$ -5,648 million US$ 2,629 million US$ -4,091 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 15 out of 189 countries (2013)

Subcategories:

Starting a business: 12 out of 189 countries

Enforcing Contracts: 62 out of 189 countries

Registering Property: 57 out of 189 countries

Getting credit: 13 out of 189 countries

Protecting investors: 6 out of 189 countries

Trading across border: 20 out of 189 countries

Paying Taxes: 6 out of 189 countries

Dealing with Construction Permits: 115 out of 189 countries

Getting Electricity: 100 out of 189 countries

Resolving Insolvency: 8 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

25

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 9 Score: 76.2 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC 0

Total area

70,273 sq km (2014)

Capital

Dublin (2014)

Currency

euros (EUR) (2014)

Government type

republic, parliamentary democracy (2014)

Languages

English (official, the language generally used), Irish (Gaelic or Gaeilge) (official, spoken mainly in areas along the western coast)

Religions

Roman Catholic 84.7%, Church of Ireland 2.7%, other Christian 2.7%, Muslim 1.1%, other 1.7%, unspecified 1.5%, none 5.7% (2011 est.)

Total population
1990 2000 2010 2014* 2019**
3.506 million 3.79 million 4.555 million 4.81 million 5.01 million

*Estimate  **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
45.8% 55% 59% 63%
Population median age

35.7 years (2014 est.)

Population growth rate

1.2% (2014 estimate)

Life expectancy

80.56 years (2014 estimate)

Adult literacy

99% (2003 estimate)

% of population living on less than $2 a day

0.7% (2010)

Inequality of wealth distribution (Gini index)

32.1 (2010)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 44.0%  Mobile 102.8%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

 

Internet users as % of total population

78.25% (2013)
 

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Dublin 51st (2014)
 

CO2 emissions(Metric tons of CO2 per capita)

8.8 (2010)
 

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