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Economy of Ireland. All values, unless otherwise stated, are in US dollars. 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), [27] and ranks ...
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".
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 about 5.4 million. [4] The capital and largest city is Dublin, on the eastern side of the island, with a population ...
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.
Ireland has boasted the fastest economic growth in the European Union for most of the past five years and a decade after being one of the worst hit by the global financial crisis it entered the ...
Ireland. Ireland (/ ˈaɪərlənd / ⓘ IRE-lənd; Irish: Éire [ˈeːɾʲə] ⓘ; Ulster-Scots: Airlann [ˈɑːrlən]) is an island in the North Atlantic Ocean, in north-western Europe. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel. Ireland is the second-largest island of the ...
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 ...
Agriculture in Ireland is a major component of the modern economy of the Republic of Ireland. [21] A major livestock producer, Ireland has very limited horticultural and grain production on account of its topography and climate. Ireland manufactures many derivatives and value-added products from its livestock base.