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Is Ireland a rich or poor country?

Asked by R. Jones, Last updated: Feb 20, 2020

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W.Willow

W.Willow

Answered Feb 16, 2020

Ireland is nowhere near being a poor country; it is a big country for real. The Republic of Ireland has a good economy. Their economic growth is attached to their diligence in improving it by placing focus on services into life science, agribusiness, high-tech, and financial services. On the index of economic freedom, Ireland takes the 6th position, depicting that they really operate an open economy. Ireland takes the lead for the foreign direct investment flows (FDI).

Considering the global gross development product per capita tables, Ireland takes the 5th position of the 187 countries on the IMF table and 6th of 175 countries in the ranking of the World Bank. Ireland deals with the top countries when it comes to its main import and export partners. Countries like the United States, Great Britain, Belgium, Netherlands, Italy, China, Germany, France, Switzerland, etc. Ireland generates revenue of about 91.3 billion dollars per year.

 

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