Ireland: Economy

Economic Trivia

Ireland is a trade-dependent economy which was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United Kingdom, United States, and Belgium
Top 3 Exported Goods (2014): Pharmaceuticals, Organic Chemicals, and Precision Instruments

Top Industries Source: CIA World Factbook

Pharmaceuticals; Chemicals; Computer Hardware and Software; Food Products

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $227,983,995,914 (2014)
GDP Growth Rate (annual %) 5.199% (2014)
GDP Per Capita, PPP (current international) $49,393 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 60/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.197% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 25.9% (2015)
Real Interest Rate (5 year average %) -0.302% (2005)
Manufacturing, value added (% of GDP) 19.722% (2014)
Current Account Balance (BoP, current US$) $8,914,347,220 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,184,332 (2014)
Employment in Agriculture (% of total employment) 6.1% (2014)
Employment in Industry (% of total employment) 18.4% (2014)
Employment in Services (% of total employment) 75.2% (2014)
Unemployment Rate 11.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $239,192,845,956 (2014)
Exports of goods and services (current US$) $285,196,011,690 (2014)
Total Merchandise Trade (% of GDP) 75.171% (2014)
FDI, net inflows (BoP, current US$) $86,765,614,578 (2014)
Commercial Service Exports (current US$) $133,027,673,053 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Ireland’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary