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Historical GDP per capita development of Ireland and the UK. The economic history of the Republic of Ireland effectively began in 1922, when the then Irish Free State won independence from the United Kingdom. [2] The state was plagued by poverty and emigration until the 1960s when an upturn led to the reversal of long term population decline ...
The distortion of Irish economic data by US multinational tax schemes was a key contributor to the build-up of leverage in the Celtic Tiger, amplifying both Irish consumer optimism (who borrowed to 190% of disposable income, OECD highest), and global capital markets optimism about Ireland (enabled Irish banks to lend over 180% of deposit base ...
Ireland's economic history starts at the end of the Ice Age when the first humans arrived there. Agriculture then came around 4500 BC. Iron technology came with the Celts around 350 BC. From the 12th century to the 1970s, most Irish exports went to England. During this period, Ireland's main exports were foodstuffs.
From 1995 to 2000, GDP growth rate ranged between 7.8 and 11.5%; it then slowed to between 4.4 and 6.5% from 2001 to 2007. [19] During that period, the Irish GDP per capita rose dramatically to equal, then eventually surpass, that of all but one state in Western Europe.
Much of the Irish economy and public finances had also depended on the property market and its collapse at roughly the same time as the banking crisis impacted all parts of the Irish economy. It also meant that revenue collected by the state fell radically. This situation was compounded by the assumption by the state of the banks' debts in 2008.
Why Ireland Starved: A Quantitative and Analytical History of the Irish Economy, 1800–1850. Allen & Unwin, 1983. 330 pp. online edition;
The economy and government finances began to show signs of impending recession by the end of 2007 when tax revenues fell short of the 2007 annual budget forecast by €2.3 billion (5%), with stamp duties and income tax both falling short by €0.8 billion (19% and 5%) resulting in the 2007 general government budget surplus of €2.3 billion (1.2% of GDP) being wiped out.
Pages in category "Economic history of Ireland" The following 22 pages are in this category, out of 22 total. ... Post-2008 Irish economic downturn;