Ireland
The Irish economy grew rapidly during the 1990s, over a period in which it became one of Europe's wealthiest economies. House prices grew rapidly although began to fall during 2007.
Economic Strengths
Economy doubled in size during EU backed growth phase up to 2001. Efficient agriculture and food processing. Foreign investment in high-tech sector: electronics account for 25% of exports. Highly educated workforce.
Economic Weaknesses
Key sectors owned by overseas multinationals. Return of higher unemployment, and inflation. Residential property market slowdown & slowing of growth in the construction sector.
| Population | 4,187,119 |
| Capital city | Dublin |
| Currency | Euro |
| World GNP Ranking | 52 |
| Unemployment | 5% |
| Inflation | 2.9% |
Source: Central Intelligence Agency; The World Factbook, March 2009