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Ireland is a small, modern, trade-dependent economy. Ireland joined 11 other EU nations in circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity dropped sharply in 2008-09 as GDP fell by 3% in 2008 and nearly 8% in 2009. Ireland entered into a recession for the first time in more than a decade with the onset of the world financial crisis and subsequent severe slowdown in the property and construction markets. Agriculture, once the most important sector, is now dwarfed by industry and services. Although the export sector, dominated by foreign multinationals, remains a k...  More..

Economy of Ireland
SOURCE: CIA - The World Factbook
Currency Euro
GDP (PPP) $176.9 billion (2009 est.)
GDP (per capita) $42,200 (2009 est.)
Exports $107.3 billion (2009 est.)
Imports $64.9 billion (2009 est.)
Main Industries Steel, Lead, Zinc, Silver, Aluminum, Barite, and Gypsum Mining Processing; Food Products, Brewing, Textiles, Clothing; Chemicals, Pharmaceuticals; Machinery, Rail Transportation Equipment; Glass and Crystal; Software, Tourism
Exports - Commodities Machinery and Equipment, Computers, Chemicals, Pharmaceuticals; Live Animals, Animal Products
Imports - Commodities Data Processing Equipment, Other Machinery and Equipment, Chemicals, Petroleum and Petroleum Products, Textiles, Clothing
Exports Partners US 18.9%, UK 18.4%, Belgium 14.6%, Germany 6.9%, France 5.8%, Spain 4.2% (2008)
Imports Partners UK 37.6%, US 11.6%, Germany 8.6%, Netherlands 5.6% (2008)

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