A stable, mining-friendly jurisdiction with access to infrastructure and ports
With a population of 4.7 million, the Republic of Ireland comprises 26 of the 32 counties that constitute the island on which it is located. The remaining six counties in North-East Ulster are part of the United Kingdom of Great Britain and Northern Ireland. Ireland became a member of the United Nations in 1955 and joined what is now the European Union (EU) in 1973.
While it was hard hit by the global financial crisis, the Irish economy has recovered strongly following the successful implementation of a financial stabilisation package with the EU and IMF and a number of austerity measures and financial and structural reforms.
Today, the highly globalised Irish economy is growing strongly and entered its 5th year of economic expansion in 2016 with growth in consumer spending, tax revenue, building and construction and expansion in both the manufacturing and services sectors.
With real GDP growth forecast at 4.9% in 2016 and 3.2% in 2017, the Irish economy remains one of the strongest performing economies in Europe – buoyed by its young, highly educated workforce, the Irish Government’s commitment to a low corporate tax rate and the rapid growth in tourism.