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Irish Economic Policy Objectives
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Ireland as a regional economy $33,482 $50, 150 GDP (Nominal) Per Capita $16,574 billion $202.9 billion GDP (Nominal) Total $28,213 $43,600 GDP (PPP) Per Capita $14,953 billion $177.2 billion GDP (PPP) Total 1,669,807 sq mile 27,133 sq mile Area sq mile 1.6% 4,324,782 km2 70, 273 km2 Area km2 289 / sq mile 147.6 / sq mile Density per / sq mile 114 / km2 60.3 / km2 Density per / km2  0.8% 497,198,740 4,399,000 Population As a percentage European Union Ireland
Ireland as a regional economy (cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economic Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Distinguish between real and nominal growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CSO –  Quarterly National Accounts
GNP / Capita is a limited measure of welfare   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economic growth and efficiency ,[object Object],[object Object],[object Object],[object Object]
PPF graph
Economic growth and efficiency ,[object Object],[object Object]
Economic growth and efficiency ,[object Object],[object Object]
Economic growth and equity ,[object Object],[object Object],[object Object]
Economic growth and equity
Economic growth and equity
Economic growth and equity ,[object Object],[object Object],[object Object]
Economic growth and employment ,[object Object],[object Object]
Economic growth and employment
Economic growth and employment ,[object Object],[object Object]
Economic growth and employment
Strategy to achieve economic growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Price stability ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Inflation ,[object Object],[object Object],[object Object],[object Object]
Inflation 2,7 2,2 2,3 4,0 4,7 4,0 5,3 2,5 2,1 1,3 Ireland 2,1 1,6 2,6 -0,1 1,4 4,5 3,9 1,8 9,7 8,0 Czech  Republic   2,2 2,1 2,1 2,3 2,4 2,1 1,1 1,2 1,7 Euro-zone   2,1 2,0 2,0 2,1 2,2 1,9 1,2 1,3 1,7 EU-15   2,2 2,1 1,9 2,1 2,5 2,4 1,6 2,1 2,6 EU-25 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997  
Inflation
Projected Inflation
CPI and HICP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HICP, Index 2005 = 100 106,4 107,1 107,0 106,5 106,4 106,1 105,7 105,9 105,6 105,3 104,8 Ireland 111,1 107,6 107,0 106,1 105,4 105,7 105,4 105,1 104,8 104,4 103,6 Czech Republic 106,1 106,3 105,9 105,4 104,8 104,5 104,4 104,7 104,5 104,2 103,7 EU  (25 countries) 106,3 106,6 106,1 105,6 105,0 104,7 104,5 104,8 104,7 104,4 103,8 EU  (27 countries) 105,7  106,2 105,7 105,2 104,7 104,3 104,2 104,5 104,4 104,1 103,5 Euro area 2008 m01 2007 m12 2007 m11 2007 m10 2007 m09 2007 m08 2007 m07 2007 M 06 2007 m05 2007 m04 2007 m03 Teritories
HICP, Index 2005 = 100
HICP,  Percentage change t/t-1   -0,7 0,1 0,5 0,1 0,3 0,4 -0,2 0,3 0,3 0,5 0,7 Ireland 3,3 0,6 0,8 0,7 -0,3 0,3 0,3 0,3 0,4 0,8 0,3 Czech Republic -0,3 0,4 0,5 0,5 0,4 0,1 -0,3 0,1 0,3 0,6 0,6 EU (25 countries) -0,2 0,4 0,5 0,5 0,4 0,1 -0,3 0,1 0,3 0,6 0,6 EU  (27 countries) -0,4 0,4 0,5 0,5 0,4 0,1 -0,2 0,1 0,2 0,6 0,7 Euro area 2008 m01 2007 m12 2007 m11 2007 m10 2007 m09 2007 m08 2007 m07 2007 m06 2007 m05 2007 m04 2007 m03 Teritories
HICP,  Percentage change t/t-1
Price stability ,[object Object],[object Object],[object Object],[object Object]
Competitiveness ,[object Object],[object Object],[object Object],[object Object]
Decline in Competitiveness ,[object Object]
Decline in Competitiveness ,[object Object]
Strategy to Achieve Improved Competitiveness ,[object Object],[object Object],[object Object]
Irelands Formal Education
Irelands Formal Education ,[object Object],[object Object],[object Object],[object Object]
Costs of Doing Business ,[object Object],[object Object],[object Object]
Costs of Doing Business ,[object Object]
Costs of Doing Business ,[object Object]
Costs of Doing Business ,[object Object]
Costs of Doing Business ,[object Object],[object Object],Inward investment of Greenfield projects per million of population
Infrastructure Spending
Infrastructure Spending
Infrastructure Spending
Energy ,[object Object],[object Object],[object Object],[object Object],[object Object]
Energy ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]

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Irish Competitiveness

  • 2.
  • 3. Ireland as a regional economy $33,482 $50, 150 GDP (Nominal) Per Capita $16,574 billion $202.9 billion GDP (Nominal) Total $28,213 $43,600 GDP (PPP) Per Capita $14,953 billion $177.2 billion GDP (PPP) Total 1,669,807 sq mile 27,133 sq mile Area sq mile 1.6% 4,324,782 km2 70, 273 km2 Area km2 289 / sq mile 147.6 / sq mile Density per / sq mile 114 / km2 60.3 / km2 Density per / km2 0.8% 497,198,740 4,399,000 Population As a percentage European Union Ireland
  • 4.
  • 5.
  • 6.
  • 7. CSO – Quarterly National Accounts
  • 8.
  • 9.
  • 11.
  • 12.
  • 13.
  • 16.
  • 17.
  • 18. Economic growth and employment
  • 19.
  • 20. Economic growth and employment
  • 21.
  • 22.
  • 23.
  • 24. Inflation 2,7 2,2 2,3 4,0 4,7 4,0 5,3 2,5 2,1 1,3 Ireland 2,1 1,6 2,6 -0,1 1,4 4,5 3,9 1,8 9,7 8,0 Czech Republic   2,2 2,1 2,1 2,3 2,4 2,1 1,1 1,2 1,7 Euro-zone   2,1 2,0 2,0 2,1 2,2 1,9 1,2 1,3 1,7 EU-15   2,2 2,1 1,9 2,1 2,5 2,4 1,6 2,1 2,6 EU-25 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997  
  • 27.
  • 28. HICP, Index 2005 = 100 106,4 107,1 107,0 106,5 106,4 106,1 105,7 105,9 105,6 105,3 104,8 Ireland 111,1 107,6 107,0 106,1 105,4 105,7 105,4 105,1 104,8 104,4 103,6 Czech Republic 106,1 106,3 105,9 105,4 104,8 104,5 104,4 104,7 104,5 104,2 103,7 EU (25 countries) 106,3 106,6 106,1 105,6 105,0 104,7 104,5 104,8 104,7 104,4 103,8 EU (27 countries) 105,7  106,2 105,7 105,2 104,7 104,3 104,2 104,5 104,4 104,1 103,5 Euro area 2008 m01 2007 m12 2007 m11 2007 m10 2007 m09 2007 m08 2007 m07 2007 M 06 2007 m05 2007 m04 2007 m03 Teritories
  • 30. HICP, Percentage change t/t-1 -0,7 0,1 0,5 0,1 0,3 0,4 -0,2 0,3 0,3 0,5 0,7 Ireland 3,3 0,6 0,8 0,7 -0,3 0,3 0,3 0,3 0,4 0,8 0,3 Czech Republic -0,3 0,4 0,5 0,5 0,4 0,1 -0,3 0,1 0,3 0,6 0,6 EU (25 countries) -0,2 0,4 0,5 0,5 0,4 0,1 -0,3 0,1 0,3 0,6 0,6 EU (27 countries) -0,4 0,4 0,5 0,5 0,4 0,1 -0,2 0,1 0,2 0,6 0,7 Euro area 2008 m01 2007 m12 2007 m11 2007 m10 2007 m09 2007 m08 2007 m07 2007 m06 2007 m05 2007 m04 2007 m03 Teritories
  • 31. HICP, Percentage change t/t-1
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 38.
  • 39.
  • 40.
  • 41.
  • 42.
  • 43.
  • 47.
  • 48.
  • 49.