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    Ireland Index 2006

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    Ireland Economy - 2006
    https://theodora.com/wfbcurrent/ireland/ireland_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Ireland is a small, modern, trade-dependent economy with growth averaging a robust 7% in 1995-2004. Agriculture, once the most important sector, is now dwarfed by industry and services. Industry accounts for 46% of GDP, about 80% of exports, and 29% of the labor force. Although exports remain the primary engine for Ireland's growth, the economy has also benefited from a rise in consumer spending, construction, and business investment. Per capita GDP is 10% above that of the four big European economies and the second highest in the EU behind Luxembourg. Over the past decade, the Irish Government has implemented a series of national economic programs designed to curb price and wage inflation, reduce government spending, increase labor force skills, and promote foreign investment. Ireland joined in circulating the euro on 1 January 2002 along with 11 other EU nations.

      GDP (purchasing power parity):
      $136.9 billion (2005 est.)

      GDP (official exchange rate):
      $189.1 billion (2005 est.)

      GDP - real growth rate:
      4.7% (2005 est.)

      GDP - per capita (PPP):
      $34,100 (2005 est.)

      GDP - composition by sector:
      agriculture: 5%
      industry: 46%
      services: 49% (2002 est.)

      Labor force:
      2.03 million (2005 est.)

      Labor force - by occupation:
      agriculture: 8%
      industry: 29%
      services: 63% (2002 est.)

      Unemployment rate:
      4.2% (2005 est.)

      Population below poverty line:
      10% (1997 est.)

      Household income or consumption by percentage share:
      lowest 10%: 2%
      highest 10%: 27.3% (1997)

      Distribution of family income - Gini index:
      35.9 (1996)

      Inflation rate (consumer prices):
      2.7% (2005 est.)

      Investment (gross fixed):
      25.6% of GDP (2005 est.)

      Budget:
      revenues: $70.46 billion
      expenditures: $69.4 billion; including capital expenditures of $5.5 billion (2005 est.)

      Public debt:
      27.5% of GDP (2005 est.)

      Agriculture - products:
      turnips, barley, potatoes, sugar beets, wheat; beef, dairy products

      Industries:
      steel, lead, zinc, silver, aluminum, barite, and gypsum mining processing; food products, brewing, textiles, clothing; chemicals, pharmaceuticals; machinery, rail transportation equipment, passenger and commercial vehicles, ship construction and refurbishment; glass and crystal; software, tourism

      Industrial production growth rate:
      3% (2005 est.)

      Electricity - production:
      23.41 billion kWh (2003)

      Electricity - consumption:
      22.97 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      1.2 billion kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      175,600 bbl/day (2003 est.)

      Oil - exports:
      27,450 bbl/day (2001)

      Oil - imports:
      178,600 bbl/day (2001)

      Oil - proved reserves:
      0 bbl (1 January 2002)

      Natural gas - production:
      673 million cu m (2003 est.)

      Natural gas - consumption:
      4.298 billion cu m (2003 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      3.384 billion cu m (2001 est.)

      Natural gas - proved reserves:
      19.82 billion cu m (1 January 2002)

      Current account balance:
      -$5.19 billion (2005 est.)

      Exports:
      $102 billion f.o.b. (2005 est.)

      Exports - commodities:
      machinery and equipment, computers, chemicals, pharmaceuticals; live animals, animal products

      Exports - partners:
      US 19.6%, UK 17.8%, Belgium 14.6%, Germany 7.7%, France 6%, Netherlands 4.6%, Italy 4.5% (2004)

      Imports:
      $65.47 billion f.o.b. (2005 est.)

      Imports - commodities:
      data processing equipment, other machinery and equipment, chemicals, petroleum and petroleum products, textiles, clothing

      Imports - partners:
      UK 35.9%, US 13.7%, Germany 8.9%, Netherlands 4.3%, France 4.3% (2004)

      Reserves of foreign exchange and gold:
      $2.908 billion (2004 est.)

      Debt - external:
      $1.049 trillion (30 June 2005)

      Economic aid - donor:
      ODA, $607 million (2004)

      Currency (code):
      euro (EUR)
      note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries

      Exchange rates:
      euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Ireland on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Ireland Economy 2006 information contained here. All suggestions for corrections of any errors about Ireland Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/ireland/ireland_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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