As per International Monetary Fund
(IMF) Ireland’s nominal gross domestic product is expected to grow at a CAGR of
4.44% from it’s 2015 level of Euro 255.552 billion and reach Euro 346.472
billion by 2022.
Ireland, officially known as the
Republic of Ireland, is a sovereign state in Europe which occupies almost 5/6th
of the island of Ireland. Ireland is an island in the Atlantic which is off the
north-western coast of Europe. The capital and the largest city of Ireland is
Dublin, which is located in the east, and Dublin is a metropolitan area which
has population of about 4.6 million. The state shares its only land border with
Northern Ireland, one of the constituent countries of the United Kingdom.
Politically Ireland is divided between the Republic of Ireland and Northern
Ireland. Republic of Ireland covers almost 5/6th of the island and the
remaining is Northern Ireland which is a part of the UK.
Ireland had estimated population
of 4.693 million in the year 2016 and expected to reach 4.947 million by 2022.
Ireland's around 2.042 million was employed in 2016 and the unemployment rate
was 7.917% of total labor force.
Ireland's real gross domestic product
(GDP) was around Euro 256.312 billions in 2016 whereas the nominal GDP was Euro
265.429 billions. This resulted in GDP deflator 103.557. Per capita GDP was
estimated at USD 62562.27 whereas purchasing power parity (PPP) based per
capita GDP was estimated to be at USD 69230.82.
The output gap for Ireland in 2016
was 0.687% of the potential GDP which indicates that Ireland economy was
outperforming by managing actual output higher than it's maximum potential.
In 2016, Ireland government's
revenue was Euro 72.227 billions whereas the expenditure was Euro 74.592
billions. This resulted Ireland government's net lending / borrowing negative
at Euro 2.365 billion in 2016 indicating that enough financial resources were
not made available by the government to boost economic growth.
The current account balance for
Ireland was estimated to be at USD 13.881 billions for the year 2016 and is
expected to decline at a CAGR of 7.91% and reach USD 16.301 by 2022. This
positive current account balance indicates the Ireland is net lender to the
whole world.
Scope of the Ireland PESTEL Analysis, SWOT Analysis and Risk
Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Ireland.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Ireland.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Ireland.
- These reports provide risk analysis for Ireland.
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