Outlook

  • Ireland is a stable, competitive, secure and pro-business country
  • Ireland is part of the EU Single Market and a member of the Eurozone
  • Ireland has a higly skilled, educated, young and multicultural population

Export Markets

Ireland’s exports grew by 6.1% year on year from 2015 to 2016.  Overseas companies continue to be significant exporters from Ireland, with IDA clients accounting for 66% of national exports. . The country’s main markets are the EU and the USA, and the main exporting sectors are:

Real GDP Growth

 

Country 2016 (F) 2017 (F) 2018 (F)
IRELAND 4.9 3.2 3.1
UNITED STATES 1.6 2.2 2.1
UNITED KINGDOM 1.8 1.1 1.7
SPAIN 2.6 2.3 2.0
FRANCE 1.3 1.3 1.6
SWITZERLAND 1.0 1.3 1.5
GERMANY 1.7 1.4 1.4
NETHERLANDS 1.7 1.6 1.8
PORTUGAL 1.0 1.1 1.2
IMF Economic Outlook 2016

Annual Inflation EU & Ireland

 

  2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Ireland 2.3 2.2 2.7 2.9 3.1 -1.7 -1.6 1.2 1.9 .5 .3 .3 1.3
EU27 2.3 2.3 2.3 2.4 3.7 1 2.1 3.1 2.6 1.5 .6 .2 1.4
Eurostat, * European Commission Winter Forecast, 2015

Unemployment

 

  2012 2013 2014 (F) 2015 (F) 2016 (F)
IRELAND 14.7 13.0 11.2 10.5 10.1
France 10.2 10.8 11 10.7 10.3
Spain 25 26.4 25.5 24.9 24.2
Germany 6 5.3 5.2 5.2 5.2
USA 8.1 7.4 6.4 6.2 6.1
Netherlands 5.3 6.9 7.3 7.1 6.6
UK 8 7.6 6.9 6.6 6.3
Portugal 15.7 16.3 15.7 15.1 14.5
IMF Economic Outlook, 2014

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