Source
Central bank

Central Bank of Ireland

International Reserves

USD 3.4 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 325.8 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 341.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.9% 3.8% -4.4% -4.6% 2% 0% -1.1%
2013 2014 2015 2016* 2017*    
1.1% 8.5% 26.3% 4.9% 3.2%    

*Estimate

GDP per capita - current prices

USD 69,118.9 (2017, estimate)

GDP per capita - PPP

Intl$ 72,524.2 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.20% 0.19% 0.26% 0.23% 0.3%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1% 
  • industry: 41.3% 
  • services: 57.6%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

1.5% (2014)

OECD, data retrieved January 2017

Inflation
2013 2014 2015 2016* 2017*
0.5% 0.3% 0.0% 0.3% 1.2%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
13.1% 11.3% 9.5% 8.3% 7.7%

*Estimate

Household saving rates

-0.4% (Total, 2014)

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
119.5% 105.2% 78.7% 74.6% 72.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-5.7% -3.7% -1.9% -0.7% -0.5%

*Estimate

Government bond ratings

Standard & Poor's: A+

Moody's: A3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 170.1 billion USD 143.5 billion USD 128 billion
Largest companies

Accenture, Eaton, CRH, Allied Irish Banks, XL Group, Shire, Ingersoll-Rand, Bank of Ireland, Ryanair Holdings, Kerry Group, Seagate Technology, Experian, Perrigo, Smurfit Kappa Group, DCC, Mallinckrodt, Endo, Permanent TSB Group, Jazz Pharmaceuticals.

 
 
Source
Current account balance

USD 29.8 billion (2017 estimate)

Current account balance by percentage of GDP

9.1% (2017 estimate)

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

124.0% (2015)

Shares in world total merchandising export

0.7% (2015)

Shares in world total commercial services export

2.7% (2015)

Total exports

USD 160.1 billion (2016 estimate)

Export commodities

Machinery and equipment, computers, chemicals, medical devices, pharmaceuticals; foodstuffs, animal products

Total imports

USD 88.0 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

US 23.7%, UK 13.8%, Belgium 13.2%, Germany 6.6%, Switzerland 5.5%, Netherlands 4.4%, France 4.4% (2015)

Imports - major partners

UK 32.5%, US 14%, France 10.2%, Germany 9.3%, Netherlands 4.9%, China 4.1% (2015)

FDI inflows
2013 2014 2015
USD 44,899 million USD 31,134 million USD 100,542 million
FDI outflows
2013 2014 2015
USD 29,026 million USD 43,133 million USD 101,616 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 2628.7 million USD -3342.0 million USD 10577.8 million USD 97479.7 million
Cross-border M&A deals worth over $3 billion completed in 2014

Mallinckrodt PLC, Questcor Pharmaceuticals Inc, United States, USD 5.6 billion / Shire PLC, ViroPharma Inc, United States, USD 4.2 billion

Cross-border M&A deals worth over $3 billion completed in 2015

Actavis PLC, Allergan Inc, United States, USD 68.4 billion / CRH PLC, Lafarge SA & Holcim Ltd-Certain Assets, France, USD 7.4 billion / Shire PLC, NPS Pharmaceuticals Inc, United States, USD 5.1 billion / Perrigo Co PLC, Omega Pharma Invest NV, Belgium, USD 4.5 billion / XL Group PLC, Catlin Group Ltd, Bermuda, USD 3.8 billion

Best countries for doing business

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

Overall ranking: 18 out of 190 countries (2017)

Subcategories:

Starting a business: 10 out of 190 countries

Enforcing Contracts: 90 out of 190 countries

Registering Property: 41 out of 190 countries

Getting Credit: 32 out of 190 countries

Protecting Minority Investors: 13 out of 190 countries

Trading Across Borders: 47 out of 190 countries

Paying Taxes: 5 out of 190 countries

Dealing with Construction Permits: 38 out of 190 countries

Getting Electricity: 33 out of 190 countries

Resolving Insolvency: 17 out of 190 countries

Global competitiveness ranking

23 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 8 / Score: 77.31 (Mostly free) (2016)

(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)
 

World's Best Developed & Emerging Markets Banks

World's Best Islamic Financial Institutions

World's Best Internet Banks

World's Best Subcustodian Banks

World’s Best Investment Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards