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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.
The Article IV report stated that the rebound of the Irish economy was exceptional. Ireland's GDP grew by 7.8 percent in 2015 on the back of strong domestic demand and solid export growth. [5] As of 2017 the economic prosperity in Ireland continued to grow. The Irish Times stated that the IMF expected Irish economy to grow by 3.5% in 2017. [6]
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.
This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in European countries for the latest years recorded in the CIA World Factbook. The list includes all members of the Council of Europe and Belarus apart from those countries with GDP growth estimates older than 2014.
On 19 November, the ECDC moved Ireland from 'red' to 'orange' on the EU traffic light map for international travel after COVID-19 figures improved. [233] However, after a third wave of COVID-19 arrived in the country in late December 2020, on 29 January 2021, the ECDC moved Ireland from 'orange' to 'dark red' on the EU traffic light map for ...
Distortion of Ireland's GDP. Ireland's GDP is artificially inflated by the BEPS flows of Ireland's Multinational tax schemes. [4] In 2018, Eurostat found 25% of Ireland's 2010-14 GDP was BEPS flows (no taxable impact). [25] In Q1 2015, Apple restructured its Irish BEPS tools, which required Irish 2015 GDP to be restated by 34.4%.
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The GDP of the Republic of Ireland as of 2021 was €423.5 billion (nominal), [226] and in Northern Ireland in 2021, it was £52 billion (GVA Balanced). [227] The GDP per capita in the Republic of Ireland was €84,049.9 (nominal) as of 2021 [update] , [ 226 ] and in Northern Ireland 2021 was £27,154 (GVA Balanced). [ 227 ]