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 (2016): United States, United Kingdom, and Belgium
Top 3 Exported Goods (2016): Pharmaceuticals, Organic Chemicals, and Precision Instruments

Top Industries Source: CIA World Factbook

Pharmaceuticals; Chemicals; Computer Hardware and Software; Food Products

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $339,477,467,511 (2016)
GDP Growth Rate (annual %) 5.141% (2016)
GDP Per Capita, PPP (current international) $71,472 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 49/195 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 26% (2017)
Real Interest Rate (5 year average %) 10.254% (2016)
Manufacturing, value added (% of GDP) 34.695% (2016)
Current Account Balance (BoP, current US$) $14,348,515,241 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,252,062 (2017)
Employment in Agriculture (% of total employment) 5.355% (2017)
Employment in Industry (% of total employment) 19.156% (2017)
Employment in Services (% of total employment) 75.489% (2017)
Unemployment Rate 6.399% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $303,525,550,630 (2016)
Exports of goods and services (current US$) $370,606,140,891 (2016)
Total Merchandise Trade (% of GDP) 68.159% (2016)
FDI, net inflows (BoP, current US$) $79,163,353,503 (2016)
Commercial Service Exports (current US$) $146,134,542,194 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank