ECONOMIC INFORMATION
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Population: 3.9m
Population growth: 0.69%
Population density (people per sq. km): 57
UN Human Development Index ranking: 10/177
Gross national income (current US$): $106.4bn (2003)
Gross national income per capita: $26,960
PPP Gross national income: $120.2bn
PPP Gross national income per capita: $30,450
GDP growth: 1.1% (2003)
GDP breakdown Agriculture: 3.5%, Industry: 42.2%, Services: 54.4%
Inflation (12-month average): 0.2 (2003)
Gross capital formation as % of GDP: 23.5%
Final consumption expenditure as % of GDP (growth): 61.7% (7.2%)
Exports of goods & services as % of GDP: 98.2%
Top 3 export markets: UK, US, Germany
Local industries: Food products, brewing, textiles, clothing, chemicals, pharmaceuticals, machinery, transportation equipment, glass & crystal, software
WEF Growth Competitiveness ranking *: 30/104
WEF Business Competitiveness ranking **: 22/103
WEF Quality of the Business Environment ranking: 22/103
Transparency International Corruption Perceptions ranking: 17/145
Languages : English (official)
FDI INFORMATION
Region: UK / Republic of Ireland
No. of projects (Jan-Sep 2004): 236
Market-share of projects in the region: 23.8%
Value of projects relative to GDP : 15.8%
Top 3 destination sectors: IT & software, financial services,hotels tourism & leisure
Top 3 business functions: Retail, manufacturing, business services
Top 3 source countries: US, UK, Germany
Top 3 investors: Intel, Abbott Laboratories, Johnson & Johnson
IPA
Name: IDA Ireland
Web address: www.idaireland.com
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations