Between 2005-2015, GDP in Ireland grew by an average of 2.4% p.a. or 4.2% when adjusted for inflation. Prior to the global financial crisis Ireland’s economy was booming. It was during this time that Ireland’s economy was referred to as the “Celtic Tiger”, due to an average annual growth rate of over 6.5%. This period of growth was largely a result of an influx of investment, notably from the technology sector, which were drawn to the country’s enticing tax rates.
Since 2012, Ireland economy has vastly improved, posting growth rates higher than many of Europe’s top economies, with average growth in 2015 coming to 7.8%.
Report Data: 2015
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