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The Irish economy began to recover in 2014, growing by 4.8%, making Ireland the fastest growing economy in the European Union. Contributing factors to growth included a recovering construction sector, quantitative easing, a weak euro, and low oil prices.
In 2023, the gross domestic product of the Republic of Ireland was estimated to be 589 .57 billion U.S dollars. Compared with 2022, the economy is expected to have grown by...
Economy of Ireland. Ireland has a mixed economy. The constitution provides that the state shall favour private initiative in industry and commerce, but the state may provide essential services and promote development projects in the absence of private initiatives.
Feb 23, 2024 · In 2022, Ireland’s public balance, the ratio between government spending and income was 1.7% of GDP and 3.1% of GNI*. A positive balance indicates a surplus, i.e. net lending exceeded net borrowing (see Table 2.6). Ireland’s public balance surplus in 2022 compares with an EU27 average deficit of -3.3% of GDP.
Dec 14, 2022 · Ongoing and planned investments to boost housing supply and affordability and lower greenhouse gas emissions should be accompanied by reforms to reduce regulatory and legal hurdles, uncertainty, and high transaction costs. The government has launched a major reform of the health sector, Sláintecare.
By country: GDP and GNI at current market prices. Ireland had the eleventh highest Gross National Income (GNI) in the EU27 in 2021 at €323.5bn and the ninth highest Gross Domestic Product (GDP) at €426.3bn (see Table 2.2).
Oct 17, 2023 · Ireland's GDP per capita recorded in the year 2022 was 290.2% of the equivalent EU per capita value. This represents the peak value since our membership of the EU in 1973.
GDP (current US$) - Ireland. World Bank national accounts data, and OECD National Accounts data files.
The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy, and ranks first for high-value foreign direct investment (FDI) flows.
OECD’s periodic surveys of the Irish economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.
