Ireland

The Irish economy grew rapidly during the 1990s, over a period in which it became one of Europe's wealthiest economies. House prices grew rapidly although began to fall during 2007.

Economic Strengths

Economy doubled in size during EU backed growth phase up to 2001. Efficient agriculture and food processing. Foreign investment in high-tech sector: electronics account for 25% of exports. Highly educated workforce.

Economic Weaknesses

Key sectors owned by overseas multinationals. Return of higher unemployment, and inflation. Residential property market slowdown & slowing of growth in the construction sector.

Population Capital city
4,187,119 Dublin
Currency World GNP Ranking
Euro 52
GNP per Capita ($) Inflation
45600 2.9%
Unemployment Tourism visitors per year (thousands)
5% 8764.64

 

Source: Knight Frank Residential Research as at Dec 2007