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Includes historical data for Ireland’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Low Corporate Tax Rates Attract Multinationals

As one of the most open and business-friendly economies globally, Ireland has enjoyed some of the fastest-growing rates in Europe for the past several years. With a highly skilled English-speaking workforce, a pro-business environment and a favorable 12.5% corporate tax rate, Ireland has also consistently attracted exceptional levels of FDI, particularly from the United States, with approximately 1,000 U.S. subsidiaries operating across various sectors. Furthermore, Ireland’s strategic geographical location between the US and Canada and Europe, and by extension to Asia, makes it one of the most globally connected countries in the world.

Despite such strengths, Ireland faces challenges. As an export-driven economy, it is highly vulnerable to changes in the economic situations of its key trading partners, to geopolitical tensions, and volatility in energy prices. An aging population and inadequate public infrastructure pose additional concerns.

Macroeconomy & Sovereign Data

Type of Government Parliamentary republic
Capital Dublin
Sovereign Ratings S&P: AA–
Moody’s: A3
Fitch: AA–
Total Population 5.3 million
Median Age 38.7
Adult Per Capita Income (PPP) 104,989.80
Total GDP (2023) 564.0 billion

Ireland GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 126.6 billion (2023)
Leading Exports Vaccines And Cultures
Packaged Medicines
Nitrogen Compounds
Integrated Circuits
Scented Mixtures
Medical Instruments
Total Imports USD 279.6 billion (2022)
Leading Imports Aircraft
Packaged Medicines
Refined Petroleum
Medical Cultures/Vaccines
Source: World Integrated Trade Solution

Ireland Leading Companies

Bank of Ireland  Financials
Allied Irish Banks Financials
CRH  Construction, Cement & Concrete Products
Flutter Entertainment  Consumer Discretionary, Gambling
Ryanair Holdings  Airlines
Kerry Group  Consumer Staples, Food Ingredients
DCC  Oil, Gas & Consumable Fuels

Major Trade Partners — Import

United Kingdom 19%
United States 17%
France 10%
China 8%
Germany 7%

Source: World Integrated Trade Solution

Major Trade Partners — Export

United States 32%
United Kingdom 11%
Germany 11%
Belgium 8%
China 7%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000