A resilient economic landscape despite the crisis

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in July 2021.

Swipe to view more

GDP USD418.62bn (World ranking 28, World Bank 2020)
Population 5mn (World ranking 123, World Bank 2020)
Form of state Parliamentory Republic
Head of government Micheál Martin (Prime Minister)
Next elections 2025, general
  • Strong business environment
  • Lowest corporate tax rate within the Eurozone
  • Exports oriented towards sectors with high value added
  • Robust current account surplus
  • Strong education system
  • English-speaking business location
  • Robust cushion against cyclical shocks, thanks to strong pharmaceutical and technology sectors
  • Sensitive to external shocks due to high openness to trade
  • High dependency on foreign investment
  • High private and public debt
  • Faced with increasing competitiveness regarding FDI inflows

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States of America 30.9%
1
22.9% United Kingdom
Belgium 11.1%
2
15.1% United States of America
Germany 10.8%
3
11.1% France
United Kingdom 9.0%
4
7.9% Germany
China 6.2%
5
7.1% China

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Medicinal and pharmaceutical products 36.0%
1
15.4% Other transport equipment
Organic chemicals 21.8%
2
9.7% Medicinal and pharmaceutical products
Electrical machinery, apparatus and appliances, n.e.s. 6.0%
3
9.4% Organic chemicals
Essential oils for perfume materials and cleaning preparations 4.8%
4
6.2% Office machines and automatic data processing machines
Miscellaneous manufactured articles, n.e.s. 4.1%
5
4.4% Electrical machinery, apparatus and appliances, n.e.s.
DSO in Ireland remains around 50 days. Small and medium businesses in Ireland have an increased DSO of 60 days, with 24% of them waiting a punishing 120 days before they see funds.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

Legal action can be expensive and time consuming, often with little reward. Amicable negotiations from debt collection agencies are a good way of identifying payers from non-payers.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East