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Thursday, 02 February 2006 |
In recent years, Ireland’s economy has transformed, evolving into a more stable environment. Not only has the economy thrived… it has actually secured its reputation as having one of the highest economic growth rates of the OECD countries. Contributing to this economic growth is a focus of investments in education as well as investments geared toward technology. Real GDP Growth 2003 2004 2005 (F) 2006 (F) 3.7% 5.6% 6.0% 5.1%

Ireland’s quickly growing economy is small, open, and dependant on trade. The openness of the economy is evident in the mobility of its labor and capital, characterized by consistent migratory flows and strong foreign direct investment. Agrarian and traditional manufacturing based economy has evolved into technology-centered economy. In 2004, agriculture accounted for 6% of employment, industry for 28%, and services for 66%.
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