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Ireland – Important Facts

Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel. Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth.

Ireland is a member of the European Union (EU). The economy of Ireland is a modern knowledge economy, focusing on services and high-tech industries and dependent on trade, industry and investment. In terms of GDP per capita, Ireland is ranked as one of the wealthiest countries in the OECD and the EU-27 at 5th in the OECD-28 rankings as of 2008. In terms of GNP per capita, a better measure of national income[citation needed], Ireland ranks below the OECD average, despite significant growth in recent years, at 10th in the OECD-28 rankings. GDP (national output) is significantly greater than GNP (national income) due to the repatriation of profits and royalty payments by multinational firms based in Ireland.

Facts: Ireland Capital: Dublin, Population: 4.6 million, Area: 70,182 sq km (27,097 sq miles), Major languages: English, Irish, Major religion: Christianity, Life expectancy: 78 years (men) and 83 years (women), Currency: euro.

Important Details

  • Country ISO3: IRL
  • Country Code: 372
  • Income Group: Europe & Central Asia
  • Lending Category: High income
  • Region: Not Available
  • Currency Unit:Euro (formerly Irish pound [punt])
  • WTO Member: YES
  • Trade organisations: EU, WTO and OECD
  • world rank: 8
  • Regional Ranking: 2nd in Europe