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Ireland is an open economy (3rd on the Index of Economic Freedom), [27] and ranks first for high-value foreign direct investment (FDI) flows. [28] In the global GDP per capita tables, Ireland ranks 2nd of 192 in the IMF table and 4th of 187 in the World Bank ranking. [29] [30] Social expenditure stood at roughly 13.4% of GDP in 2024.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
The civil servant T. K. Whitaker provided a blueprint that chimed with Ireland's wish to join the EEC, fore-runner of today's EU. Education was also reformed to a large extent, the state built a RTC system and later two NIHE institutions; both systems greatly expanded education, in particular technical education, university education was also ...
At the start of the 1990s, Ireland was a relatively poor country by Western European standards, with high poverty, high unemployment, inflation, and low economic growth. [1] The Irish economy expanded at an average rate of 9.4% between 1995 and 2000, and continued to grow at an average rate of 5.9% during the following decade until 2008, when ...
In 2017 Dublin ranked 1st in Ireland by disposable income per person, at 110% of the State average. [1]In 2008, it was the city with the 2nd highest wages in the world, [2] dropping to 10th place in 2009, [3] and, according to a Brookings Institution report in 2012, had the 14th highest income per capita in the world at $55,578 (€42,960).
For much of the period, the Irish economy provided cheap raw materials such as timber, beef, vegetables, and marble to the far more industrialised British economy. Ireland underwent major highs and lows economically during the 19th century: from economic booms during the Napoleonic Wars [citation needed] and in the late 20th century (when it ...
Once the war subsides, the Israeli government expects a full economic recovery. Prior to Oct. 7, Israel’s economy was healthy , bolstered by its resilient, world-class tech sector . This story ...
The economy and government finances began to show signs of impending recession by the end of 2007 when tax revenues fell short of the 2007 annual budget forecast by €2.3 billion (5%), with stamp duties and income tax both falling short by €0.8 billion (19% and 5%) resulting in the 2007 general government budget surplus of €2.3 billion (1.2% of GDP) being wiped out.