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The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy (3rd on the Index of Economic Freedom), [ 29 ] and ranks first for high-value foreign direct investment (FDI) flows. [ 30 ]
Ireland (Irish: Éire [ˈeːɾʲə] ⓘ), also known as the Republic of Ireland (Poblacht na hÉireann), [ a ] is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland with a population of 5.3 million. [ 4 ] The capital and largest city is Dublin, on the eastern side of the island, with a population of 1 ...
The southern economy also benefited relatively more after 1973 up to 2002 from the European Structural Funds system. It grew markedly until 2007, but no corrective measures were taken to control the process, leading to the 2008 crisis. However, since 2014, the Republic of Ireland has seen large economic growth, referred to as the "Celtic Phoenix".
The Irish economy has been increasingly attracting Chinese investment, but does it come with a reputational cost? In 2020, 25 Chinese companies had operations in the Republic of Ireland. By this ...
The economic history of the Republic of Ireland effectively began in 1922, when the then Irish Free State won independence from the United Kingdom. [2] The state was plagued by poverty and emigration until the 1960s when an upturn led to the reversal of long term population decline. However, global and domestic factors combined in the 1970s and ...
Celtic Tiger. The " Celtic Tiger " (Irish: An Tíogar Ceilteach) is a term referring to the economy of Ireland from the mid-1990s to the late 2000s, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn.
The COVID-19 pandemic has had a deep impact on the Irish economy, leading it into a recession. Essential public health measures announced by the Irish Government to contain the spread of COVID-19 resulted in the largest monthly increase in unemployment in the history of the Republic of Ireland during March 2020.
Economic and Social Research Institute. Economic impact of the COVID-19 pandemic in the Republic of Ireland. Economic Recovery Plan 2021. Economy of Cork. Economy of Dublin. Employment policy in the Republic of Ireland. Enterprise Ireland. Minister for Enterprise, Trade and Employment. Irish euro coins.
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