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Ireland short facts

• Ireland is an island in the Atlantic coast and is third largest island in Europe. For Great Britain is separated by Irish Sea.
• Population (2011): 4,722,028 (growth rate: 1.112%)
• Capital: Dublin, 1.084 million
• Monetary unit: Euro (formerly Irish pound)
• Languages: English, Irish

Economic summary:

• GDP/PPP (2011): $183.9 billion; per capita $40,100
• Real growth rate: 0.7%
• Inflation: 2.5%
• Unemployment: 14.4%
• Labor force (2011): 2.126 million
• Major trading partners: U.S., UK, Belgium, Germany, France, Netherlands, Switzerland

Economic environment

The Irish economy is small and highly open. Ireland is one of the most favored locations for investment in Europe and the World.

Facts for Ireland's success:

• Ireland has a stable open economy and has had record levels of output growth.
• Government economic policies are directed towards the creation of a stable economic environment that is supportive of inward investment.
• An attractive rate of Corporation Tax at 12.5%.
• Easy access to European markets.
• A young, educated and highly skilled workforce.

Ireland has high economic growth, productivity growth, employment, human capital and fiscal sustainability.

Workforce is highly skilled, motivated and English speaking. Ireland is renowned for its excellent quality of life and clean environment.

Labor costs in Ireland are attractive and the country has experienced moderate wage increases. The average hourly labor costs of industrial workers as:

If you have questions about different type of entities in Ireland, do not hesitate to contact us.