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ECON FACTBOOK

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Economy of Ireland

Population: 4.6 million in 20131

GDP: $218 billion in 20132

GDP per capita: $50,503 nominal3 ($43,304 PPP4) in 2013

GDP growth rate: 0.2% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities9445.6%
Manufacturing4823.3%
Wholesale, retail trade, restaurants and hotels3617.6%
Transport, storage and communication157.0%
Mining and utilities73.0%
Agriculture, hunting, forestry, fishing41.9%
Construction31.7%
Total value added207100%

Employment

Unemployment rate: 13.1% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles27214.5%
Human health and social work24613.1%
Manufacturing21311.3%
Education1467.8%
Accommodation and food service1317.0%
Professional, scientific and technical1105.8%
Agriculture, forestry and fishing1075.7%
Construction1025.4%
Public administration and defence955.1%
Finance and insurance914.8%
Transportation and storage884.7%
Information and communication814.3%
Administrative and support service623.3%
Other service462.5%
Arts, entertainment and recreation422.2%
Water supply, sewerage and waste management110.6%
Electricity, gas, steam and air conditioning100.5
Real estate90.5%
Activities of households as employers70.4%
Mining and quarrying70.4%
Extraterritorial organizations and bodies50.3%
Not elsewhere classified10.1%
Total employment1,881100%

Corporations

Top 2 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Accenture252.714Professional services
2CRH20-0.323Building materials

* Corporate data calculated using the exchange rate 0.880 EUR = 1 USD

Households

Household Wealth: $737 billion (338% of GDP) in 201410

Household Wealth per Adult: $209,976 in 201410

Gini Coefficient: .339 in 201011

Government

Central Government

Central Government Revenue: $75 billion (34% of GDP) in 201312

Central Government Expenditure: $91 billion (42% of GDP) in 201312

Central Government Budget Balance: -$16 billion (-8% of GDP) in 201312

Central Government Public Debt: $241 billion (110% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 1.12% on Jan 27, 201514

* Public debt calculated using the exchange rate 0.880 EUR = 1 USD

Government Funds

National Pensions Reserve Fund: $20 billion (9% of GDP) in 201415

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 16

Corporate Tax Rate: 12.5% in 201417

* Individual thresholds calculated using the exchange rate 0.880 EUR = 1 USD

Monetary Policy

Monetary Base (Euro area, M1): $6.60 trillion in Nov 2014* 18

Benchmark Interest Rate (Euro area): 0.05% in Sept 201419

Total Reserves: $2 billion (1% of GDP) in 201320

Exchange Rate: 0.880 Euros = 1 U.S. Dollar21

Inflation: 0.5% in 201322

* Money supply calculated using the exchange rate 0.880 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201323

N/A (data not available at Relbanks.com)

International Accounts

Exports: $114 billion (52% of GDP) in 201324

Imports: $62 billion (28% of GDP) in 201324

Trade Balance: +$52 billion (+24% of GDP) in 201324

Foreign Direct Investment Inflow: $36 billion (17% of GDP) in 201325

Foreign Direct Investment Outflow: $23 billion (11% of GDP) in 201325

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $793 million in (0.4% of GDP) in 201326

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Government funds) Go back
16. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: ECB Monetary developments (Money supply) Go back
19. Source: ECB Key interest rates (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back
26. Source: Global Humanitarian Assistance (Aid data) Go back