Chamber of Commerce Country Factsheet Last update: 12.07.2018
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Celtic tribes arrived on the island between 600 and 150 B.C. Invasions by Norsemen that began in the late 8th century were finally ended when King Brian BORU defeated the Danes in 1014. Norman invasions began in the 12th century and set off more than seven centuries of Anglo-Irish struggle marked by fierce rebellions and harsh repressions. The Irish famine of the mid-19th century was responsible for a drop in the island's population by more than one quarter through starvation, disease, and emigration. For more than a century afterward, the population of the island continued to fall only to begin growing again in the 1960s. Over the last 50 years, Ireland's high birthrate has made it demographically one of the youngest populations in the EU.
The modern Irish state traces its origins to the failed 1916 Easter Monday Uprising that touched off several years of guerrilla warfare resulting in independence from the UK in 1921 for 26 southern counties; six northern (Ulster) counties remained part of the UK. Deep sectarian divides between the Catholic and Protestant populations and systemic discrimination in Northern Ireland erupted into years of violence known as the "Troubles" that began in the 1960s. The Government of Ireland was part of a process along with the UK and US Governments that helped broker the Good Friday Agreement in Northern Ireland in 1998. This initiated a new phase of cooperation between the Irish and British Governments. Ireland was neutral in World War II and continues its policy of military neutrality. Ireland joined the European Community in 1973 and the euro-zone currency union in 1999. The economic boom years of the Celtic Tiger (1995-2007) saw rapid economic growth, which came to an abrupt end in 2008 with the meltdown of the Irish banking system. Today the economy is recovering, fueled by large and growing foreign direct investment, especially from US multi-nationals.
Source: The CIA World Factbook - Ireland
Economic activity in Ireland is projected to remain robust, but to ease gradually. Abstracting from volatile activities of multinational enterprises (MNEs), domestic demand will remain robust with solid employment growth and consumption. As the labour market tightens, wage pressures will be strong, feeding into higher inflation. Business investment will slow after its strong rebound, while the construction sector will retain its momentum.
The stance of fiscal policy will be mildly contractionary in both 2018 and 2019. The government should remain committed to improving the fiscal position, thus making room to use fiscal policy against potential negative shocks, notably that of Brexit. The implementation of a new development plan aiming at economic, environmental and social progress should be conditional on this commitment to improve the fiscal position, requiring projects to be carefully prioritised.
Source: OECD - Economic Forcast
|Gross domestic product, constant prices|
|Gross domestic product, current prices|
U.S. dollars (Billions)
|Gross domestic product per capita, current prices|
U.S. dollars (Units)
|Inflation, average consumer prices|
|Volume of imports of goods and services|
|Volume of exports of goods and services|
Percent of total labor force
|Current account balance|
U.S. dollars (Billions)
|Current account balance|
Percent of GDP
Source: IMF Statistics - Ireland
Luxembourg and the country
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 14.01.1972 (Memorial 1974, A No.90, p.2079)
- Effective as of 01.01.1968 (Memorial 1974, A No.90, p.2079)
- Amendment of the Convention from 27.05.2014 (Memorial 2015, A No.232, p.5104)
- Protocol of letter Exchange of the Convention from 24.12.2015
- Effective as of 01.01.2016
Air Services agreement
- Agreement frm 07.27.1954 (Memorial 1955, p. 455)
- Effective as of 28.02.1955 (Memorial 1955, p. 632)
- Exchange of Notes from 30.9./19.10.1957
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Irlande
Embassy of the Grand Duchy of Luxembourg in Ireland
Ambassador with residence in London: Mr Jean OLINGER
27, Wilton Crescent
GB-London SWIX 8SD
Tel.: +44 20 7235 69 61/62/63
Fax: +44 20 7235 97 34
Honorary Consul with jurisdiction in Ireland: Mr Ivan HEALY
30 Upper Pembroke Street
Tél.: (+353) 1 608 7765
Fax: (+353) 1 234 2400
Economic and Commercial Attaché (FIT) in charge of Ireland
Economic and Commercial Attaché: Mr Jacques VANHOUCKE
1, Elgin Road
Tel: (+353) 1-631.52.87
Country risk as defined by Office du Ducroire for Ireland
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Other Useful Links
- CIA World factbook on Ireland
- L'Irlande sur le site de Flanders Investment & Trade (FIT)
- Belgian-Luxembourg Chamber of Commerce in Ireland
- Ireland-Luxembourg Chamber of Commerce
- Doing Business in Ireland
- Das ist Irland
The Chamber of Commerce and the country