Ireland

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.