This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of Ireland were reviewed by the Committee on 18 January 2018. The draft report was then revised in light of the discussions and given final approval as the agreed report of the whole Committee on 12 February 2018.

The Secretariat’s draft report was prepared for the Committee by Ben Westmore and Yosuke Jin under the supervision of Pierre Beynet. Statistical research assistance was provided by Paula Adamczyk and editorial assistance by Heloise Wickramanayake.

The previous Survey of Ireland was issued in September 2015.

Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at www.oecd.org/eco/surveys.

  
Basic statistics of Ireland, 2016
(Numbers in parentheses refer to the OECD average)*

LAND, PEOPLE AND ELECTORAL CYCLE

Population (million)

4.6

Population density per km²

69.1

(37.2)

Under 15 (%)

20.6

(17.9)

Life expectancy (years, 2015)

81.5

(80.5)

Over 65 (%)

13.6

(16.6)

Men

79.6

(77.9)

Foreign-born (%, 2011)

16.4

 

Women

83.4

(83.1)

Latest 5-year average growth (%)

0.2

(0.6)

Latest general election

February

2016

ECONOMY

Gross domestic product (GDP)

 

 

Value added shares (%)

 

 

In current prices (billion USD)

304.8

 

Primary sector

1.0

(2.5)

In current prices (billion EUR)

275.1

 

Industry including construction

39.3

(26.6)

Latest 5-year average real growth (%)

7.8

(1.9)

Services

59.7

(70.9)

Per capita (000 USD PPP)

72.8

(42.1)

 

 

 

GENERAL GOVERNMENT

Per cent of GDP

Expenditure

27.1

(41.5)

Gross financial debt

84.5

(100.2)

Revenue

26.4

(38.6)

Net financial debt

55.5

(65.2)

EXTERNAL ACCOUNTS

Exchange rate (EUR per USD)

0.904

 

Main exports (% of total merchandise exports)

 

 

PPP exchange rate (USA = 1)

0.809

 

Chemicals and related products, n.e.s.

56.7

 

In per cent of GDP

 

 

Machinery and transport equipment

16.3

 

Exports of goods and services

121.7

(53.9)

Miscellaneous manufactured articles

12.6

 

Imports of goods and services

99.8

(49.5)

Main imports (% of total merchandise imports) 

 

Current account balance

3.3

(0.2)

Machinery and transport equipment

39.3

 

Net international investment position (2014)

-93.2

 

Chemicals and related products, n.e.s.

21.5

 

 

 

 

Miscellaneous manufactured articles

11.8

 

LABOUR MARKET, SKILLS AND INNOVATION

Employment rate for 15-64 year-olds (%)

64.8

(66.9)

Unemployment rate, Labour Force Survey (age 15 and over) (%)

7.9

(6.3)

Men

70.2

(74.7)

Youth (age 15-24, %)

17.2

(13.0)

Women

59.5

(59.3)

Long-term unemployed (1 year and over, %)

4.2

(2.0)

Participation rate for 15-64 year-olds (%)

70.9

(71.7)

Tertiary educational attainment 25-64 year-olds (%, 2015)

42.8

(35.7)

Average hours worked per year

1 879

(1 763)

Gross domestic expenditure on R&D (% of GDP, 2014)

1.5

(2.4)

ENVIRONMENT

Total primary energy supply per capita (toe, 2015)

2.9

(4.1)

CO2 emissions from fuel combustion per capita (tonnes, 2014)

7.3

(9.4)

Renewables (%, 2015)

8.1

(9.6)

Municipal waste per capita (tonnes, 2012)

0.6

(0.5)

Exposure to air pollution (more than 10 g/m3 of PM2.5, % of population, 2015)

2.8

(75.2)

 

 

 

SOCIETY

Income inequality (Gini coefficient, 2014)

0.298

(0.311)

Education outcomes (PISA score, 2015)

 

 

Relative poverty rate (%, 2014)

9.2

(11.3)

Reading

521

(493)

Median disposable household income (000 USD PPP, 2014)

24.3

(22.9)

Mathematics

504

(490)

Public and private spending (% of GDP)

 

 

Science

503

(493)

Health care

7.8

(9.0)

Share of women in parliament (%)

22.2

(28.7)

Pensions (2013)

5.4

(9.1)

Net official development assistance (% of GNI)

0.33

(0.39)

Education (primary, secondary, post sec. non tertiary, 2014)

3.7

(3.7)

 

 

 

Better life index: www.oecdbetterlifeindex.org

* Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 29 member countries.

Source: Calculations based on data extracted from the databases of the following organisations: OECD, International Energy Agency, World Bank, International Monetary Fund, Inter-Parliamentary Union, and Central Statistics Office of Ireland.