Ireland

Ireland was periodically troubled by emigration until the 1980s. About half a million people left Ireland in the 1950’s alone.These problems virtually disappeared over the course of the 1990s, which saw the beginning of unprecedented economic growth, in a phenomenon known as the Celtic Tiger. In 2005, Ireland was ranked the best place to live in the world, according to a quality of life assessment by Economist magazine. Ireland has been in recession since second quarter of 2008 and some commentators have claimed it is in a depression. In June 2009, the unemployment rate for Ireland was 12.2%.

Demographic Data

Economic Data

Cultural & Other Data

GDP (PPP, $bn)

191.9

Capital

Dublin

Area (sq. km.)

70,280

GDP Real

Growth (%)

-1.7

Primary Language

English

Population (million)

4.2

PerCap GDP ($)

46,200

Secondary Language

Irish (Gaelic)

Population

Growth %

1.12

Prime Lending

Rate (%)

6.52

Urban

Population %

61

% Population

Under 15yrs

20.9

Inflation Rate%

4

Urban Growth %

2.2

Population below

poverty line (%)

7

Unemployment%

6.2

Literacy

(% of population)

99

Agricultural Workers

(% of population)

6

Foreign Direct

Investment($bn)

216

Education spending

as % of GDP

4.7

Industrial Workers

(% of population)

27

Debt-External

($bn)

1841

CPI Score

(1-10)*

7.7

Service Workers

(% of population)

67

Exports ($bn)

128

Corporate Income Tax %

12.5

Labor Force (mil)

2.27

Imports ($bn)

91.27

Ease of Doing

Business Ranking **

7

CURRENCY EXCHANGE RATE

05/08/09 $1 = .75 Euro

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