Ireland
Description of Ireland
Welcome to our website dedicated to exploring the intricate dynamics of Ireland's geopolitical and macroeconomic landscape. With a rich history spanning centuries and a resilient economy deeply intertwined with global markets, Ireland stands as a fascinating case study in how a small country can wield significant influence on the world stage. By delving into the macroeconomic statistics, geopolitical strategies, and historical context of Ireland, we aim to provide a nuanced understanding of this captivating nation and its place in the complex web of international relations.
Population And Age Structure
When looking at the Population, total attribute, Ireland's population of 4,985,382 is below the average population of 40,097,746, ranking 122 out of 194 countries.
For the Population ages 0-14 (% of total population), Ireland's percentage of 20.18% is below the average of 27.34%, ranking 128 out of 194 countries.
In terms of Population ages 0-14, total attribute, Ireland's total of 1,005,941 is below the average of 10,327,380, ranking 121 out of 194 countries.
Looking at Population ages 15-64 (% of total population), Ireland's percentage of 65.28% is above the average of 63.44%, ranking 81 out of 194 countries.
For Population ages 15-64, total attribute, Ireland's total of 3,254,350 is below the average of 26,003,407, ranking 120 out of 194 countries.
Regarding Population ages 65 and above (% of total population), Ireland's percentage of 14.54% is above the average of 9.22%, ranking 51 out of 194 countries.
Lastly, for Population ages 65 and above, total attribute, Ireland's total of 725,091 is below the average of 3,766,959, ranking 85 out of 194 countries.
Summary
Ireland has a below-average total population and a lower proportion of population in the younger age group compared to the global average. However, it has a higher percentage of population in the older age group. Despite being below average in total population and in the younger age groups, Ireland's higher proportion of elderly individuals could have implications for healthcare, retirement planning, and overall social welfare policies in the country.
Population Miscellaneous
Rural population in Ireland stands at 1,812,037, which is significantly below the attribute average of 18,044,041. Ireland ranks 108th out of 190 countries in this dataset.
The percentage of rural population in Ireland is 36.35% of the total population, lower than the average of 41.16%. This places Ireland at the 105th position out of 190 countries.
Urban population in Ireland is 3,173,345, well below the attribute average of 22,425,747. Ireland ranks 116th out of 194 countries in urban population.
63.65% of Ireland's population is urban, higher than the average of 59.69%. This places Ireland at the 90th position out of 194 countries.
The age dependency ratio in Ireland is 53.19% of the working-age population, below the average of 59.22%. Ireland ranks 114th out of 194 countries in this aspect.
The crude birth rate in Ireland is 11.2 per 1,000 people, which is lower than the average of 19.38. Ireland ranks 140th out of 192 countries in terms of birth rate.
Ireland has a crude death rate of 6.5 per 1,000 people, slightly below the average of 8.21. Ireland's rank in death rate is 135th out of 192 countries.
The total fertility rate in Ireland is 1.63 births per woman, lower than the average of 2.60. Ireland ranks 134th out of 190 countries based on this metric.
Summary
Ireland demonstrates a unique demographic profile with a lower rural population but a higher urban population compared to global averages. It also showcases lower birth rates and fertility rates in comparison to other countries in the dataset. These indicators are crucial as they reflect Ireland's urbanization trend, age structure, and potential impact on future workforce and economic growth.
Military
1. Military expenditure (current USD): Ireland's military expenditure is $1,144,420,381, which is significantly below the average of $12,904,993,617. Ireland ranks 66th out of 149 countries in this category.
2. Military expenditure (% of GDP): With a military expenditure equal to 0.27% of its GDP, Ireland is well below the average of 1.90%. Ireland ranks 145th out of 148 countries in this metric.
3. Arms imports (SIPRI trend indicator values): Ireland's arms imports amount to $11,000,000, far lower than the average of $205,522,123. Ireland ranks 81st out of 113 countries for arms imports.
4. Armed forces personnel, total: Ireland has 9,000 armed forces personnel, significantly lower than the average of 165,908. Ireland ranks 136th out of 164 countries for total armed forces personnel.
5. Armed forces personnel (% of total labor force): With 0.37% of its labor force engaged in the armed forces, Ireland is below the average of 1.28%. Ireland ranks 134th out of 164 countries for this metric.
Summary
In summary, Ireland has relatively low military expenditure, arms imports, and armed forces personnel compared to global averages and rankings. This suggests that Ireland prioritizes other areas of spending and resource allocation over its military sector. These indicators are important as they showcase Ireland's focus on non-military investments and potentially reflect its diplomatic and foreign policy strategies towards maintaining peace and neutrality.
Natural Resources
1. Forest area (sq. km): Ireland has a forest area of 7820.2 sq. km. This is below the average forest area of 211606.11 sq. km, ranking 129th out of 191 countries.
2. Land area (sq. km): With a land area of 68890 sq. km, Ireland falls below the average land area of 665166.51 sq. km, ranking 119th out of 194 countries.
3. Surface area (sq. km): Ireland's surface area is 70280 sq. km, lower than the average surface area of 689779.56 sq. km, ranking 120th out of 194 countries.
4. Arable land (hectares): Ireland has 444000 hectares of arable land, significantly lower than the average of 7329543.16 hectares, ranking 127th out of 190 countries.
5. Land under cereal production (hectares): With 265640 hectares under cereal production, Ireland is below the average of 4206011.63 hectares, ranking 116th out of 174 countries.
6. Average precipitation in depth (mm per year): Ireland experiences an average precipitation depth of 1118 mm per year, slightly below the average of 1157.83 mm per year, ranking 81st out of 178 countries.
7. Renewable internal freshwater resources, total (billion cubic meters): Ireland has 49 billion cubic meters of renewable internal freshwater resources, notably lower than the average of 240.41 billion cubic meters, ranking 78th out of 178 countries.
Summary
The analysis of key macroeconomic indicators for Ireland reveals that the country has relatively small forest area, land area, surface area, arable land, and land under cereal production compared to global averages, positioning it in the lower rankings among countries. Additionally, Ireland's average precipitation depth and renewable internal freshwater resources are below the global averages. These indicators are crucial as they highlight Ireland's environmental resources and agricultural potential, indicating areas where the country may need to focus on development and sustainability efforts.
Resource Rents
Total natural resources rents (% of GDP): Ireland's value for this attribute is 0.037, significantly below the average of 4.63. It ranks 159 out of 175 countries included in the data.
Forest rents (% of GDP): Ireland's value for this attribute is 0.012, well below the average of 1.53. It ranks 151 out of 174 countries.
Oil rents (% of GDP): Ireland's value for this attribute is 0.001, far below the average of 2.51. It ranks 107 out of 117 countries.
Natural gas rents (% of GDP): Ireland's value for this attribute is 0.014, below the average of 1.25. It ranks 67 out of 96 countries.
Mineral rents (% of GDP): Ireland's value for this attribute is 0.010, below the average of 1.23. It ranks 76 out of 86 countries.
Summary
Ireland's natural resource rents as a percentage of GDP are significantly below the global averages for forest, oil, natural gas, and mineral rents. This indicates a limited reliance on natural resources for economic output compared to other countries, positioning Ireland more as a knowledge-based economy. The low rankings in these categories suggest that Ireland may have diversified its economy away from traditional resource extraction, which can be advantageous for long-term sustainability and resilience against commodity price fluctuations.
Commodities
For Cereal production, Ireland's value of 1,892,640 metric tons is significantly below the average of 17,249,945 metric tons. Ireland ranks 93 out of 174 countries in this category.
Regarding Aquaculture production, Ireland's production of 37,750.7 metric tons is substantially lower than the average of 679,642.92 metric tons. The country is ranked 51 out of 180 nations.
In terms of Capture fisheries production, Ireland's output of 208,502.06 metric tons falls below the average of 467,453.06 metric tons. Ireland holds the 53rd position out of 190 countries.
For Total fisheries production, Ireland's production of 246,252.76 metric tons is notably lower than the average of 1,153,914.85 metric tons. Ireland is ranked 52 out of 182 countries.
With regards to Fertilizer consumption, Ireland's rate of 1,563.35 kilograms per hectare of arable land exceeds the average of 159.04 kilograms. Ireland secures the 3rd position out of 187 countries in this aspect.
Summary
In summary, Ireland exhibits lower-than-average production levels in key areas such as cereal, aquaculture, capture fisheries, and total fisheries. However, the country excels in fertilizer consumption, surpassing the global average by a significant margin and securing a high ranking globally.
These findings are important as they showcase Ireland's strength in efficient fertilizer usage, which is crucial for agricultural productivity and environmental sustainability. Despite lagging behind in certain production sectors, Ireland's high fertilizer consumption indicates a strategic approach to maximizing agricultural output and potentially maintaining food security in the long term.
Intellectual Property
For Industrial design applications by nonresidents, Ireland's value of 14 is significantly below the average of 1415.83, ranking 98th out of 112 countries in the dataset.
Regarding Industrial design applications by residents, Ireland's count of 234 is below the average of 9799.58, placing it at the 56th position out of 113 countries.
In terms of Patent applications by nonresidents, Ireland's 54 applications fall short of the average of 6538.40, positioning it at the 80th rank out of 129 countries.
For Patent applications by residents, Ireland's 75 applications also lag behind the average of 19037.56, ranking at the 73rd position out of 117 countries.
With Scientific and technical journal articles, Ireland's 8562.78 publications are below the average of 15103.76, placing it at 46th out of 192 countries.
In Charges for the use of intellectual property (payments), Ireland's figure of $96,825,073,580.97 far exceeds the average of $3,218,843,494.39, making it the top-ranked country out of 143 in the dataset.
As for Charges for the use of intellectual property (receipts), Ireland's receipts of $14,614,517,139.98 are well above the average of $3,191,687,117.58, ranking it 7th out of 122 countries.
In terms of Researchers in R&D per million people, Ireland's 4858.61 researchers exceed the average of 2556.45, placing it at the 16th rank out of 72 countries.
Summary
In summary, Ireland performs below average in Industrial design and Patent applications compared to global averages, but excels in the publications of Scientific and technical journal articles and charges for the use of intellectual property. The country also boasts a higher number of researchers in R&D per million people than most countries.
These findings are important as they highlight Ireland's strength in intellectual property-related activities and research, indicating a focus on innovation and knowledge-based economic activities. However, the lower performance in Industrial design and Patents suggests potential areas for improvement to enhance competitiveness in these sectors.
Broad Economy Attributes
GDP (current US$): Ireland's GDP is 27th out of 189 countries with a value of $428.61 billion, which is slightly below the average GDP of $442.87 billion in this dataset.
GDP, PPP (current international $): Ireland's GDP, PPP is ranked 44th out of 181 countries with a value of $483.91 billion, significantly below the average of $734.14 billion.
GDP per capita (current US$): Ireland ranks 4th out of 190 countries in GDP per capita at $85,973.09, far above the average of $15,462.11.
GDP per capita, PPP (current international $): Ireland's GDP per capita, PPP is ranked 3rd out of 181 countries at $97,066.71, significantly exceeding the average of $21,251.89.
GNI (current US$): Ireland's GNI is 38th out of 185 countries at $324.41 billion, which is below the average GNI of $452.04 billion.
GNI, PPP (current international $): Ireland's GNI, PPP is ranked 51st out of 181 countries with a value of $361.95 billion, significantly below the average of $730.70 billion.
GNI per capita, PPP (current international $): Ireland's GNI per capita, PPP ranks 4th out of 181 countries at $72,600, well above the average of $20,615.75.
Summary
Ireland performs strongly in terms of GDP and GNI per capita, both in absolute terms and in purchasing power parity (PPP) terms, ranking among the top countries globally. The high GDP per capita and GNI per capita figures indicate a high standard of living and economic prosperity for the Irish population. However, the country lags behind in total GDP and GNI measures, suggesting potential areas for growth and development to further enhance its overall economic output.
Broad Value Added
Ireland's Gross value added at basic prices (GVA) is $406,834,398,041.40, ranking 24th out of 176 countries. This figure is higher than the attribute average by $46,763,454,46.28.
In terms of Agriculture, forestry, and fishing value added (% of GDP), Ireland's percentage is 0.92, ranking 168th out of 182 countries. This value is below the attribute average by 9.93 percentage points.
The country's Agriculture, forestry, and fishing value added in US dollars is $3,957,396,555.78, placing Ireland 82nd out of 182 countries. This value is significantly below the attribute average by $15,967,336,272.29.
Furthermore, Ireland's Services value added (% of GDP) stands at 56.36%, ranking 91st out of 183 countries, slightly below the attribute average.
When considering Services value added in current US dollars, Ireland's value is $241,554,882,668.55, placing the country 28th out of 183 countries. The figure is notably lower than the attribute average by $54,282,828,462.14.
Lastly, for Industry (including construction) value added in current US dollars, Ireland's value is $161,322,118,817.07, ranking 23rd out of 183 countries. This value surpasses the attribute average by $42,9010,234,03.57.
Summary
In summary, Ireland's GVA ranks 24th globally, with a figure notably higher than the average. However, the country's Agriculture, forestry, and fishing sector lags behind both in terms of percentage of GDP and actual value added compared to the global average. On the other hand, Ireland performs relatively well in Services and Industry, with values in current US dollars surpassing the attribute averages. These indicators are crucial as they highlight Ireland's economic structure, showing strengths in service and industry sectors but also shedding light on the challenges faced by its agriculture sector.
Manufacturing Value Added
1. Manufacturing, value added (current US$): Ireland's manufacturing value added is $146.45 billion, which is significantly higher than the average of $76.21 billion. Ireland ranks 15th out of 173 countries in this category.
2. Manufacturing, value added (% of GDP): Ireland's manufacturing value added accounts for 34.17% of its GDP, well above the average of 11.90%. Ireland is ranked 2nd out of 173 countries in this metric.
3. Medium and high-tech manufacturing value added (% manufacturing value added): Ireland's value of 54.37% is much higher than the average of 24.49%. Ireland holds the 7th rank out of 149 countries in this aspect.
4. Machinery and transport equipment (% of value added in manufacturing): Ireland's percentage of 0.16% is notably below the average of 16.85%. Ireland ranks 93rd out of 93 countries considered for this attribute.
5. Textiles and clothing (% of value added in manufacturing): Ireland's percentage of 0.02% is significantly lower than the average of 6.33%. Ireland is ranked 93rd out of 93 countries for this characteristic.
6. Other manufacturing (% of value added in manufacturing): In this category, Ireland excels with a value of 99.82%, far above the average of 42.13%. Ireland holds the top rank out of 94 countries included in the data.
Summary
Ireland has a strong manufacturing sector with high value added, especially in medium and high-tech manufacturing. However, the country lags behind in machinery and transport equipment as well as textiles and clothing production. The dominance of other manufacturing activities indicates Ireland's specialization and competitiveness in specific areas of production. These findings are crucial as they highlight Ireland's economic strengths and areas that may require further development to enhance overall industrial competitiveness.
Money
For "Inflation, consumer prices (annual %)", Ireland's value of -0.33% is below the attribute average of 8.26%. Ireland is ranked 142 out of 165 countries in this category.
Regarding "Inflation, GDP deflator (annual %)", Ireland's value of -1.23% is again under the attribute average of 6.90%. Ireland holds the 158th position out of 188 countries in this metric.
Summary
Inflation is a critical macroeconomic indicator that reflects the overall price levels in the economy. In both measures of inflation, consumer prices and GDP deflator, Ireland showcases negative values, signifying a potential deflationary environment. This could impact consumer spending, business investment, and overall economic growth in the country, prompting policymakers to consider strategies to stimulate demand and stabilize prices.
Consumption Expenditure
- Final consumption expenditure (current US$): Ireland's value of $162.58 billion is significantly below the average of $381.63 billion, ranking 46th out of 159 countries.
- Final consumption expenditure (% of GDP): Ireland's value of 37.93% is notably below the average of 82.37%, placing it at the bottom rank out of 159 countries.
- General government final consumption expenditure (current US$): Ireland's expenditure of $55.04 billion is notably below the average of $93.68 billion, ranking 33rd out of 158 countries.
- General government final consumption expenditure (% of GDP): Ireland's value of 12.84% is considerably below the average of 18.71%, placing it in the 117th rank out of 158 countries.
- Household and NPISHs Final consumption expenditure (current US$): Ireland's expenditure of $107.55 billion is notably below the average of $290.13 billion, ranking 50th out of 158 countries.
- Households and NPISHs final consumption expenditure (% of GDP): Ireland's value of 25.09% is significantly below the average of 63.68%, positioning it at the second to last rank out of 158 countries.
Summary
Ireland's final consumption expenditure, general government final consumption expenditure, and households' final consumption expenditure are all significantly below the global averages. This indicates a lower level of domestic economic activity and government spending relative to other countries. The low household final consumption expenditure as a percentage of GDP also suggests potential challenges in domestic consumption-driven economic growth and overall economic development.
Equities
Ireland's S&P Global Equity Indices (annual % change) stood at 10.40%, significantly above the attribute average of 2.06%. This places Ireland at the 22nd rank out of 79 countries included in the data.
Summary
Ireland's S&P Global Equity Indices experienced a notable annual growth rate of 10.40%, surpassing the average of 2.06% and securing the 22nd position among 79 countries in the dataset. This high performance indicates strong investor confidence in Ireland's economy, potentially attracting more foreign investment and fostering further economic growth and stability for the country.
Investment
1. Foreign direct investment, net (BoP, current US$): Ireland's net foreign direct investment is at -110,374,030,218.227, significantly below the attribute average of -1,615,235,980.50. This places Ireland at a rank of 168 out of 169 countries in the dataset.
2. Foreign direct investment, net inflows (BoP, current US$): Ireland's net inflows of foreign direct investment amount to 28,197,148,646.511, much higher than the attribute average. This places Ireland at a rank of 13 out of 182 countries.
3. Foreign direct investment, net inflows (% of GDP): With a value of 6.58%, Ireland's net inflows of FDI as a percentage of GDP is significantly higher than the attribute average of 2.61%. Ireland ranks 24 out of 178 countries.
4. Foreign direct investment, net outflows (BoP, current US$): Ireland's net outflows of foreign direct investment amount to -82,176,881,571.72, well below the attribute average. Ireland ranks 154 out of 156 countries.
5. Foreign direct investment, net outflows (% of GDP): Ireland's net outflows as a percentage of GDP is -19.17%, much lower than the attribute average of 1.00%. This places Ireland at a rank of 152 out of 155 countries.
6. Portfolio Investment, net (BoP, current US$): Ireland's net portfolio investment is at -4,210,261,749.07, significantly below the attribute average. Ireland ranks 144 out of 159 countries in the dataset.
7. Portfolio equity, net inflows (BoP, current US$): Ireland's net inflows in portfolio equity amount to 210,097,523,688.53, much higher than the attribute average. This places Ireland at a rank of 3 out of 125 countries.
Summary
Ireland exhibits mixed performance in key macroeconomic indicators related to foreign direct investment (FDI) and portfolio investment. While the country ranks relatively low in net FDI and net portfolio investment, it stands out with significantly high net inflows of FDI and portfolio equity. These indicators are crucial as they reflect Ireland's attractiveness to foreign investors and its ability to generate capital inflows, which can stimulate economic growth, create jobs, and enhance competitiveness in the global market.
Broad Trade Attributes
Trade (% of GDP): Ireland's trade as a percentage of its GDP is 247.06, significantly higher than the average of 82.34. This places Ireland at rank 5 out of 163 countries.
Merchandise trade (% of GDP): Ireland's merchandise trade as a percentage of its GDP is 65.31, slightly above the average of 60.01. Ireland is ranked 53 out of 186 countries for this indicator.
Trade in services (% of GDP): Ireland's trade in services as a percentage of its GDP stands at 155.84, well above the average of 24.63. This places Ireland at rank 3 out of 171 countries.
External balance on goods and services (current US$): Ireland's external balance on goods and services is 80,658,118,824.65 USD, significantly higher than the average of 3,405,509,011.13 USD. Ireland is ranked 6 out of 163 countries for this attribute.
External balance on goods and services (% of GDP): Ireland's external balance on goods and services as a percentage of its GDP is 18.82, well above the average of -5.97. This places Ireland at rank 6 out of 163 countries.
Summary
Ireland stands out globally in terms of trade, with its trade as a percentage of GDP, merchandise trade, and trade in services all exceeding global averages and ranking impressively among countries. The country's external balance on goods and services, both in absolute terms and as a percentage of GDP, is also notably strong compared to the global average, reflecting a robust international trade position.
These indicators are crucial as they showcase Ireland's strong integration into the global economy, its competitiveness in international trade, and its ability to attract foreign investment. The high rankings and above-average figures highlight Ireland's economic resilience, strong export orientation, and capacity to generate income from trade, bolstering its overall economic growth and stability.
Net Trade
1. Current account balance (BoP, current US$): Ireland has a current account balance of approximately -26.44 billion USD, significantly below the average of around 1.44 billion USD. This ranks Ireland 164th out of 170 countries included in the data.
2. Current account balance (% of GDP): Ireland's current account balance is at -6.17% of GDP, lower than the average of -2.36%. This places Ireland at 126th out of 170 countries in the dataset.
3. Net trade in goods and services (BoP, current US$): Ireland's net trade in goods and services stands at around 82.23 billion USD, a substantial difference from the average of approximately 2.60 billion USD. Ireland ranks 5th out of 171 countries for this attribute.
4. Net primary income (BoP, current US$): With a net primary income of about -104.30 billion USD, Ireland falls well below the average of -903.81 million USD. Ireland holds the 169th position out of 170 countries in this category.
5. Net secondary income (BoP, current US$): Ireland's net secondary income is approximately -4.37 billion USD, significantly lower than the average of -269.23 million USD. Ireland is ranked 151st out of 170 countries for this metric.
6. Net trade in goods (BoP, current US$): With a net trade in goods valued at around 162.71 billion USD, Ireland surpasses the average of 130.28 billion USD. Ireland ranks 3rd out of 171 countries in this aspect.
7. Net capital account (BoP, current US$): Ireland's net capital account shows a value of about -13.13 billion USD, considerably distant from the average of 136.54 million USD. Ireland is placed in the 159th position out of 159 countries for this attribute.
8. Net financial account (BoP, current US$): Ireland's net financial account is approximately -34.63 billion USD, notably below the average of -0.47 billion USD. In this category, Ireland ranks 165th out of 170 countries.
Summary
Ireland faces significant challenges in its current account balance, net primary income, and net capital account, ranking poorly compared to the global averages. However, the country excels in net trade in goods and services, positioning itself well in international trade. These statistics are crucial as they indicate Ireland's dependence on foreign trade and investments, highlighting areas that require attention to ensure economic stability and growth.
Broad Export Attributes
1. Ireland's Exports of goods, services and primary income amount to $686.66 billion, ranking 9th out of 170 countries in the dataset. This value is significantly above the average of $146.24 billion.
2. Exports of goods and services in Ireland total $571.05 billion, placing the country at the 10th position out of 170. The figure is notably higher than the average of $122.94 billion.
3. Ireland's Exports of goods and services amount to $569.79 billion, ranking 10th out of 163 countries. This value is well above the average of $129.60 billion.
4. With Exports of goods and services contributing 132.94% to Ireland's GDP, the country is ranked 5th out of 163. This percentage is significantly higher than the average of 38.19%.
5. Ireland's Goods exports stand at $277.33 billion, placing the country at the 19th position out of 171 countries. This value is substantially above the average of $93.31 billion.
6. Tourism receipts as a percentage of total exports in Ireland is 0.73%, ranking the country 113th out of 120. Ireland's value is below the average of 9.74%.
7. Ireland's ICT goods exports contribute 8.45% to the total goods exports, positioning the country at 21st out of 142. This percentage is notably higher than the average of 3.81%.
Summary
In summary, Ireland stands out globally for its strong export performance across various sectors, with exports of goods, services, and primary income, goods and services, and ICT goods significantly surpassing global averages. Particularly noteworthy is Ireland's high percentage of GDP contributed by exports, ranking 5th overall. These indicators underscore Ireland's robust economic competitiveness and diversified export base, positioning the country favorably in the global market.
Merchandise Exports
Analysis of key export statistics for Ireland:
1. Merchandise exports (current US$): Ireland's merchandise exports amount to $180.10 billion, which is above the average of $89.54 billion. This places Ireland at rank 26 out of 187 countries.
2. Agricultural raw materials exports (% of merchandise exports): Ireland's export percentage of agricultural raw materials is 0.28%, below the average of 2.97%. Ireland ranks 122 out of 151 countries in this aspect.
3. Food exports (% of merchandise exports): Ireland's food exports account for 8.15% of total merchandise exports, which is below the average of 24.06%. Ireland ranks 113 out of 152 countries in this category.
4. Fuel exports (% of merchandise exports): Ireland's fuel exports represent 0.48% of merchandise exports, well below the average of 13.70%. Ireland is ranked 116 out of 147 countries for this metric.
5. Ores and metals exports (% of merchandise exports): Ireland's ores and metals exports constitute 0.61% of merchandise exports, lower than the average of 9.10%. This places Ireland at rank 130 out of 152 countries.
6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): Ireland's residual exports amount to 0.89% of total merchandise exports, below the average of 3.20%. Ireland is ranked 59 out of 166 countries for this statistic.
Summary
Ireland's key export statistics reveal a strong performance in terms of total merchandise exports, placing the country above the global average at $180.10 billion. However, Ireland lags behind in the export of agricultural raw materials, food, fuel, ores, and metals compared to the global averages. These findings are crucial as they highlight Ireland's economic specialization and areas for potential diversification to enhance its export competitiveness and resilience in the global market.
Technology Exports
In terms of Manufactures exports (% of merchandise exports), Ireland's value of 89.90% is significantly higher than the average of 42.62%. This places Ireland at rank 7 out of 152 countries.
For High-technology exports (current US$), Ireland's export value of $43,116,353,946 is notably above the average of $16,655,934,078.80. This positions Ireland at rank 14 out of 151 countries.
Regarding High-technology exports (% of manufactured exports), Ireland's value of 25.90% is notably higher compared to the average of 10.15%. This places Ireland at rank 13 out of 150 countries.
In the case of Medium and high-tech exports (% manufactured exports), Ireland's 60.13% is higher than the average of 34.29%. Ireland ranks 30 out of 149 countries in this aspect.
Summary
Ireland demonstrates a strong performance in key macroeconomic indicators related to exports. The country excels in manufactures exports, high-technology exports, and the percentage of high-tech exports compared to manufactured exports, positioning itself well above the global averages. These statistics highlight Ireland's specialization in high-value and advanced technology products, showcasing its competitiveness in the global market and its potential for sustained economic growth and development.
Service Exports
Service exports in Ireland amount to $293.72 billion, ranking 4th out of 171 countries. This value is significantly higher than the average service exports of $28.92 billion.
ICT service exports in Ireland are $157.71 billion, ranking 1st out of 166 countries. This value is much higher than the average ICT service exports of $4.58 billion.
The percentage of ICT service exports compared to total service exports in Ireland is 53.69%, ranking 3rd out of 166 countries. This percentage is significantly above the average of 11.75%.
Communications, computer, etc. services form 86.39% of Ireland's service exports, placing it 8th out of 169 countries. This percentage is well above the average of 45.85%.
Transport services represent a small fraction (1.01%) of Ireland's service exports, ranking 161st out of 169 countries. This value is much lower than the average of 21.80%.
Travel services contribute just 0.81% to Ireland's service exports, placing it 165th out of 167 countries. This percentage is significantly lower than the average of 26.40%.
Insurance and financial services constitute 11.79% of Ireland's service exports, ranking 24th out of 161 countries. This value is above the average of 6.46%.
Summary
In summary, Ireland demonstrates a strong reliance on ICT service exports, with a notable emphasis on communications and computer services. Conversely, the country has minimal contributions from transport and travel services, with a significant focus on insurance and financial services as well. These statistics are important as they highlight Ireland's specialization in high-value ICT services and the diversification of its service export portfolio, which can significantly impact its economic growth and competitiveness in the global market.
Commercial Service Exports
Analysis of key stats for different attributes in Ireland:
1. Commercial service exports (current US$): Ireland's value of $293,312,073,104.006 is significantly above the average of $28,508,218,402. The country ranks 4th out of 171 countries in this attribute.
2. Travel services (% of commercial service exports): With a value of 0.81%, Ireland falls below the average of 27.89%. The country is ranked 166th out of 167 countries in this aspect.
3. Computer, communications and other services (% of commercial service exports): Ireland excels with a value of 86.37%, well above the average of 42.44%. It ranks 6th out of 169 countries.
4. Insurance and financial services (% of commercial service exports): Ireland's value of 11.81% is higher than the average of 6.97%. The country holds the 26th rank out of 161 countries.
5. Transport services (% of commercial service exports): At 1.01%, Ireland is below the average of 23.37%. The country ranks 163rd out of 169 nations in this category.
Summary
In analyzing key macroeconomic indicators for different attributes in Ireland, it is evident that the country excels in areas such as Commercial Service Exports and Computer, Communications, and Other Services. However, Ireland falls behind in Travel Services and Transport Services compared to global averages. These findings are essential as they showcase Ireland's strong economic reliance on sectors like technology and financial services while highlighting potential areas for improvement to boost overall economic performance and competitiveness.
Broad Import Attributes
Imports of goods and services (current US$): Ireland's value is $489,130,649,956.72, which is significantly higher than the average of $126,191,355,599.06. This places Ireland at rank 13 out of 163 countries.
Imports of goods and services (% of GDP): Ireland's value of 114.12% is much higher than the average of 44.15%. This ranks Ireland 5th out of 163 countries.
International tourism, expenditures (% of total imports): Ireland's value of 0.48% is below the average of 3.98%. This places Ireland at rank 130 out of 131 countries, indicating a lower reliance on international tourism.
ICT goods imports (% total goods imports): Ireland's value of 10.07% is above the average of 6.85%. This ranks Ireland 26th out of 143 countries.
Goods imports (BoP, current US$): Ireland's value is $114,617,539,720.55, slightly above the average of $92,007,788,027.17. Ireland is ranked 30th out of 171 countries in this attribute.
Imports of goods and services (BoP, current US$): With a value of $488,822,933,442.41, Ireland surpasses the average of $120,321,577,988.12. This places Ireland at rank 13 out of 170 countries.
Imports of goods, services and primary income (BoP, current US$): Ireland's value is $708,731,276,552.96, significantly above the average of $144,514,428,722.28. Ireland ranks 8th out of 170 countries in this category.
Summary
Ireland has a strong economy with high imports of goods and services, both in absolute terms and as a percentage of GDP, ranking 13th and 5th out of 163 countries respectively. The country shows a lower reliance on international tourism compared to its peers, ranking 130th out of 131 countries in international tourism expenditures. Ireland's above-average imports of ICT goods and a strong performance in goods imports and total imports indicate a dynamic economy with diversified trade.
These findings are important as they suggest that Ireland has a robust trade sector that plays a significant role in its economy. The high levels of imports indicate strong domestic demand and integration with global markets, while the country's diversified import profile, including a focus on ICT goods, showcases Ireland's adaptability and competitiveness in the global economy.
Merchandise Imports
1. Ireland's merchandise imports amount to $99.82 billion, surpassing the average of $89.39 billion,
ranking 32nd out of 190 countries.
2. Ireland's manufactures imports account for 81.12% of its merchandise imports, higher than the average
of 66.76%, ranking 5th out of 152 countries.
3. Agricultural raw materials imports in Ireland represent 0.60% of its merchandise imports, below the
average of 1.27%, ranking 126th out of 152 countries.
4. Food imports in Ireland constitute 10.79% of merchandise imports, under the average of 15.89%, ranking
112th out of 152 countries.
5. Fuel imports in Ireland make up 3.83% of merchandise imports, lower than the average of 11.38%, ranking
140th out of 152 countries.
6. Ores and metals imports in Ireland stand at 1.04% of merchandise imports, under the average of 2.57%,
ranking 115th out of 152 countries.
7. Ireland's residual merchandise imports account for 3.41%, above the average of 2.51%, ranking 31st out
of 180 countries.
Summary
Ireland's imports are significant, with merchandise imports exceeding the global average amount and ranking 32nd among countries. The country's high proportion of manufactures imports and lower reliance on agricultural raw materials, food, fuel, ores, and metals compared to global averages highlight its strong industrial sector and potentially diversified economy. These indicators suggest Ireland's integration into global value chains and its resilience to fluctuations in specific commodity markets.
Service Imports
For Service imports (BoP, current US$), Ireland has a value of 374,205,393,721.85, which is significantly higher than the average of 27,615,356,170.47. This places Ireland at rank 3 out of 171 countries in the dataset.
In terms of Communications, computer, etc. (% of service imports, BoP), Ireland excels with a value of 89.82, well above the average of 44.40. This places Ireland as the top-ranked country out of 169 in the dataset.
For Transport services (% of service imports, BoP), Ireland's value of 1.25 is notably below the average of 32.90. This places Ireland at the 169th rank out of 169 countries in the dataset.
Regarding Travel services (% of service imports, BoP), Ireland performs below average with a value of 0.69 compared to the average of 14.14. This places Ireland at the 166th rank out of 169 countries in the dataset.
For Insurance and financial services (% of service imports, BoP), Ireland's value of 8.25 is slightly below the average of 8.53. This places Ireland at the 72nd rank out of 169 countries in the dataset.
Summary
Ireland stands out in the global market for its high value in Communications, computer, etc. (% of service imports, BoP), positioning itself as the top-ranked country in the dataset. However, there are areas such as Transport services and Travel services where Ireland ranks significantly lower than the average, potentially indicating areas for improvement in the country's service imports sector. These findings are crucial for policymakers and economists as they reveal Ireland's strengths and weaknesses in different service import categories, guiding strategic decisions to enhance the country's economic performance and competitiveness in the global market.
Commercial Service Imports
Analysis of key statistics for Commercial Service Imports in Ireland:
1. Commercial service imports (current US$): Ireland's value of 374,149,410,228.49 is significantly higher compared to the average of 27,102,746,128.60, ranking 3rd out of 171 countries.
2. Computer, communications and other services (% of commercial service imports): Ireland's value of 89.82% is well above the average of 41.71%, placing it 1st out of 169 countries.
3. Insurance and financial services (% of commercial service imports): Ireland's value of 8.25% is slightly below the average of 8.85%, ranking 74th out of 169 countries.
4. Transport services (% of commercial service imports): Ireland's value of 1.25% is significantly lower than the average of 34.71%, positioning it at 169th out of 169 countries.
5. Travel services (% of commercial service imports): Ireland's value of 0.69% is much below the average of 14.73%, ranking 166th out of 169 countries.
Summary
In summary, Ireland has a strong reliance on computer, communications, and other services, as they constitute the majority of its commercial service imports. However, the country has a minimal contribution from transport and travel services in comparison to the global average, highlighting a potential area for diversification and growth in the future.
These findings are crucial as they showcase Ireland's specialization in certain service sectors, which can indicate its competitive advantage and export capabilities. Understanding these statistics can help policymakers identify opportunities for expanding and optimizing Ireland's service import portfolio for sustainable economic development.
Infrastructure
1. Railways, passengers carried (million passenger-km): Ireland's value of 834 million passenger-km is significantly below the attribute average of 32,281 million passenger-km. With a rank of 36 out of 64 countries, there is room for development in this sector.
2. Railways, goods transported (million ton-km): Ireland's value of 74 million ton-km is far below the attribute average of 119,231 million ton-km. This places Ireland at a rank of 61 out of 62 countries, indicating limited capacity for goods transportation via railways.
3. Air transport, freight (million ton-km): Ireland's value of 131.775 million ton-km is notably lower than the attribute average of 1,384 million ton-km. Ireland ranks 45 out of 126 countries, suggesting potential for growth in air freight transport.
4. Air transport, registered carrier departures worldwide: Ireland's 369,019 departures exceed the attribute average of 134,365 departures. With a rank of 9 out of 149 countries, Ireland demonstrates a strong presence in the global air transport industry.
5. Air transport, passengers carried: Ireland's 54,582,262 passengers carried far surpass the attribute average of 11,848,243 passengers. This places Ireland at a high rank of 5 out of 149 countries, indicating a robust air passenger transport sector.
6. Container port traffic (TEU: 20 foot equivalent units): Ireland's 1,058,888 TEUs of container port traffic are notably lower than the attribute average of 6,907,110 TEUs. With a rank of 60 out of 110 countries, there is room for expansion in container port traffic.
7. Rail lines (total route-km): Ireland's total route-km of rail lines at 1,888 falls significantly below the attribute average of 12,204 route-km. With a rank of 44 out of 66 countries, there is potential for further development and expansion of rail infrastructure in Ireland.
Summary
Ireland displays lower-than-average figures in key macroeconomic indicators related to transportation infrastructure such as railways, air freight, and container port traffic. These statistics suggest limited capacity and room for development in sectors crucial for economic growth and connectivity with global markets. Addressing these shortcomings through infrastructure investments and improved transportation networks can enhance Ireland's competitiveness, facilitate trade, and attract foreign investments, ultimately driving economic prosperity and development.
Information Technology Infrastructure
Secure Internet servers in Ireland stand at 577,386, which is above the average of 458,294. Ireland ranks 21 out of 193 countries in this category.
Ireland has 115,815.8 secure internet servers per 1 million people, significantly higher than the average of 14,067.2. The country is ranked 7th out of 193 countries for this metric.
With 91.99% of its population using the internet, Ireland exceeds the average of 64.77%. It holds the 26th rank out of 180 countries in this aspect.
For fixed broadband subscriptions, Ireland's 1,516,473 subscriptions fall below the average of over 6.6 million. The country ranks 63rd out of 185 nations.
With 5,234,009 mobile cellular subscriptions, Ireland falls short of the average of approximately 42.5 million. It holds the 120th rank out of 193 countries for this indicator.
Summary
In key macroeconomic indicators related to internet and communication technology, Ireland demonstrates a strong digital infrastructure. The country surpasses global averages in secure internet servers per capita, internet usage rate, and ranks fairly high in these metrics. However, Ireland lags behind in fixed broadband subscriptions and mobile cellular subscriptions, suggesting potential areas for growth in connectivity and communication services. These statistics are crucial as they indicate Ireland's readiness and competitiveness in the digital economy, impacting its attractiveness to investors, business expansion, and overall economic development.
Energy Consumption
Ireland's renewable energy consumption accounts for 13.69% of its total final energy consumption, placing it below the global average of 32.18%. With a rank of 126 out of 191 countries, Ireland lags behind in renewable energy adoption.
On the other hand, Ireland's CO2 emissions stand at 33,742.2 kt, significantly below the average of 171,895.94 kt. This places Ireland at a relatively better rank of 67 out of 188 countries in terms of CO2 emissions.
Summary
Ireland falls below the global average for renewable energy consumption, with only 13.69% of its total final energy consumption coming from renewable sources. This places Ireland at 126 out of 191 countries, indicating a lag in renewable energy adoption. However, Ireland performs relatively better in terms of CO2 emissions, with 33,742.2 kt emitted, well below the global average of 171,895.94 kt, ranking 67 out of 188 countries.
These findings are important as they highlight Ireland's need to focus more on renewable energy adoption to align with global trends towards sustainability. The lower CO2 emissions position Ireland favorably in the global landscape, showcasing its commitment to environmental preservation and potentially attracting environmentally conscious investments.
Government Balance Sheet
1. Central government debt, total (% of GDP): Ireland's central government debt stands at 71.28% of GDP, slightly below the average of 74.12%. This places Ireland at rank 28 out of 61 countries included in the data.
2. Net incurrence of liabilities, total (% of GDP): Ireland's net incurrence of liabilities is 3.80% of GDP, lower than the average of 7.43%. This places Ireland at rank 67 out of 92 countries.
3. Reserves and related items (BoP, current US$): Ireland's reserves amount to $1.51 billion, below the average of $1.92 billion. This places Ireland at rank 34 out of 171 countries.
4. Total reserves minus gold (current US$): Ireland's total reserves minus gold stand at $7.10 billion, significantly below the average of $74.22 billion. This places Ireland at rank 80 out of 161 countries.
5. Total reserves (includes gold, current US$): Ireland's total reserves including gold amount to $7.46 billion, well below the average of $85.71 billion. This places Ireland at rank 82 out of 161 countries.
6. Total reserves in months of imports: Ireland's total reserves in months of imports is 0.13, markedly lower than the average of 7.10 months. This places Ireland at rank 149 out of 151 countries.
Summary
Overall, Ireland's key macroeconomic indicators reveal that the country has a relatively moderate central government debt compared to its GDP, lower net incurrence of liabilities, and reserves below global averages. Despite ranking moderately in central government debt and reserves comparisons, Ireland's low reserves in months of imports indicate a potential vulnerability in terms of its ability to cover its import needs in case of a prolonged economic disturbance or crisis.
These statistics are crucial as they provide insights into Ireland's fiscal health, its capacity to meet its financial obligations, and its resilience against external economic shocks. Monitoring these indicators can help policymakers make informed decisions to strengthen the country's economic stability and protect it from potential financial risks and vulnerabilities.
Government Revenue
1. Revenue, excluding grants (% of GDP): Ireland's value is 21.49% of GDP, which is below the average of 27.02%. This places Ireland at rank 76 out of 122 countries.
2. Social contributions (% of revenue): Ireland's value is 18.64%, below the average of 22.29%. This places Ireland at rank 48 out of 81 countries.
3. Taxes on goods and services (% of revenue): Ireland's value is 28.02%, below the average of 31.82%. This places Ireland at rank 80 out of 122 countries.
4. Other taxes (% of revenue): Ireland's value is 2.31%, above the average of 2.12%. This places Ireland at rank 31 out of 106 countries.
5. Taxes on income, profits and capital gains (% of revenue): Ireland's value is 45.05%, well above the average of 24.66%. This places Ireland at rank 9 out of 119 countries.
Summary
Ireland's macroeconomic indicators reveal a mixed picture. While the country performs below average in revenue, excluding grants and taxes on goods and services, it excels in taxes on income, profits, and capital gains. This high ranking in income-related taxes signifies Ireland's heavy reliance on taxing personal and business incomes, which can impact investment decisions, economic growth, and income distribution within the country.
Taxes
For the attribute "Tax revenue (% of GDP)", Ireland's value of 16.20% is slightly below the average of 16.72%. Ireland is ranked 60th out of 123 countries in this data set.
Regarding "Taxes on income, profits and capital gains (% of total taxes)", Ireland exceeds the average of 38.40% with a value of 59.77%. This places Ireland at 9th out of 120 countries.
In terms of "Tariff rate, applied, weighted mean, all products (%)", Ireland's rate of 1.48% is notably lower than the average of 5.21%. The country ranks 124th out of 153 countries for this attribute.
Summary
Ireland's tax revenue as a percentage of GDP is slightly below the global average, ranking 60th out of 123 countries. However, the country exceeds the average percentage of taxes on income, profits, and capital gains, placing 9th out of 120 countries. In terms of applied tariff rates on all products, Ireland has a notably lower rate compared to the global average, ranking 124th out of 153 countries. These findings are crucial as they indicate Ireland's competitive position in terms of taxation and trade policies compared to other nations, highlighting its attractiveness for investments and international trade.
Government Expenses
For the attribute "Expense (% of GDP)", Ireland's value is 25.63%, which is below the average of 31.69%. Ireland ranks 80 out of 123 countries in this attribute.
Regarding "Compensation of employees (% of expense)", Ireland's value of 23.68% is slightly below the average of 24.70%. The country is ranked 59 out of 123 countries for this statistic.
In terms of "Goods and services expense (% of expense)", Ireland's value stands at 12.82%, lower than the average of 14.77%. The country holds the 58th position out of 122 countries in this aspect.
When it comes to "Interest payments (% of expense)", Ireland's value is notably lower at 3.97% compared to the average of 6.85%. The country ranks 69th out of 121 countries for this metric.
For "Other expense (% of expense)", Ireland's value is 3.23%, significantly under the average of 8.29%. The country is placed 97th out of 120 countries in this category.
Lastly, in terms of "Subsidies and other transfers (% of expense)", Ireland's value of 44.35% is slightly above the average of 43.29%. Ireland ranks 58th out of 121 countries in this specific attribute.
Summary
Ireland exhibits a prudent fiscal approach with its Expense (% of GDP) below the global average and ranking 80th out of 123 countries. The country's focus on controlling expenditure is evident in its lower values for various expense categories like Goods and Services and Other expense compared to the averages. These statistics are crucial as they highlight Ireland's efficient allocation of resources and financial management practices relative to other nations, contributing to its overall economic stability and competitiveness.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Fertilizer consumption (kilograms per hectare of arable land) | 3/187 |
| Charges for the use of intellectual property, payments (BoP, current US$) | 1/143 |
| Charges for the use of intellectual property, receipts (BoP, current US$) | 7/122 |
| GDP per capita (current US$) | 4/190 |
| GDP per capita, PPP (current international $) | 3/181 |
| GNI per capita, PPP (current international $) | 4/181 |
| Manufacturing, value added (current US$) | 15/173 |
| Manufacturing, value added (% of GDP) | 2/173 |
| Medium and high-tech manufacturing value added (% manufacturing value added) | 7/149 |
| Other manufacturing (% of value added in manufacturing) | 1/94 |
| Foreign direct investment, net inflows (BoP, current US$) | 13/182 |
| Portfolio equity, net inflows (BoP, current US$) | 3/125 |
| Trade (% of GDP) | 5/163 |
| Trade in services (% of GDP) | 3/171 |
| External balance on goods and services (current US$) | 6/163 |
| External balance on goods and services (% of GDP) | 6/163 |
| Net trade in goods and services (BoP, current US$) | 5/171 |
| Net trade in goods (BoP, current US$) | 3/171 |
| Exports of goods, services and primary income (BoP, current US$) | 9/170 |
| Exports of goods and services (BoP, current US$) | 10/170 |
| Exports of goods and services (current US$) | 10/163 |
| Exports of goods and services (% of GDP) | 5/163 |
| Manufactures exports (% of merchandise exports) | 7/152 |
| High-technology exports (current US$) | 14/151 |
| High-technology exports (% of manufactured exports) | 13/150 |
| Service exports (BoP, current US$) | 4/171 |
| ICT service exports (BoP, current US$) | 1/166 |
| ICT service exports (% of service exports, BoP) | 3/166 |
| Communications, computer, etc. (% of service exports, BoP) | 8/169 |
| Commercial service exports (current US$) | 4/171 |
| Computer, communications and other services (% of commercial service exports) | 6/169 |
| Imports of goods and services (current US$) | 13/163 |
| Imports of goods and services (% of GDP) | 5/163 |
| Imports of goods and services (BoP, current US$) | 13/170 |
| Imports of goods, services and primary income (BoP, current US$) | 8/170 |
| Manufactures imports (% of merchandise imports) | 5/152 |
| Service imports (BoP, current US$) | 3/171 |
| Communications, computer, etc. (% of service imports, BoP) | 1/169 |
| Commercial service imports (current US$) | 3/171 |
| Computer, communications and other services (% of commercial service imports) | 1/169 |
| Air transport, registered carrier departures worldwide | 9/149 |
| Air transport, passengers carried | 5/149 |
| Secure Internet servers (per 1 million people) | 7/193 |
| Taxes on income, profits and capital gains (% of revenue) | 9/119 |
| Taxes on income, profits and capital gains (% of total taxes) | 9/120 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Military expenditure (% of GDP) | 145/148 |
| Total natural resources rents (% of GDP) | 159/175 |
| Oil rents (% of GDP) | 107/117 |
| Agriculture, forestry, and fishing, value added (% of GDP) | 168/182 |
| Machinery and transport equipment (% of value added in manufacturing) | 93/93 |
| Textiles and clothing (% of value added in manufacturing) | 93/93 |
| Final consumption expenditure (% of GDP) | 159/159 |
| Households and NPISHs final consumption expenditure (% of GDP) | 157/158 |
| Foreign direct investment, net (BoP, current US$) | 168/169 |
| Foreign direct investment, net outflows (BoP, current US$) | 154/156 |
| Foreign direct investment, net outflows (% of GDP) | 152/155 |
| Portfolio Investment, net (BoP, current US$) | 144/159 |
| Current account balance (BoP, current US$) | 164/170 |
| Net primary income (BoP, current US$) | 169/170 |
| Net capital account (BoP, current US$) | 159/159 |
| Net financial account (BoP, current US$) | 165/170 |
| International tourism, receipts (% of total exports) | 113/120 |
| Transport services (% of service exports, BoP) | 161/169 |
| Travel services (% of service exports, BoP) | 165/167 |
| Travel services (% of commercial service exports) | 166/167 |
| Transport services (% of commercial service exports) | 163/169 |
| International tourism, expenditures (% of total imports) | 130/131 |
| Fuel imports (% of merchandise imports) | 140/152 |
| Transport services (% of service imports, BoP) | 169/169 |
| Travel services (% of service imports, BoP) | 166/169 |
| Transport services (% of commercial service imports) | 169/169 |
| Travel services (% of commercial service imports) | 166/169 |
| Railways, goods transported (million ton-km) | 61/62 |
| Total reserves in months of imports | 149/151 |